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Whole Life Insurance Protection

Including Whole Life insurance in your long-term financial plan can be a dependable way to protect your family's lifestyle while you strive to meet your financial goals. The death benefit offers security by providing money to help pay for funeral costs and take care of debts. This permanent insurance also builds cash value on a tax-deferred basis.

Whole Life Advantages

There are several reasons why Whole Life insurance1 might be the right solution for you:

Dependable Insurance Protection

You can plan for some situations, but for many you can’t. To help ease the burden of expenses when the worst happens, choose Whole Life to help with the following:

Tailored to You

WoodmenLife offers several types of Whole Life insurance to fit a variety of needs. Choose from:

Additional Options

For a fee, riders can be added to basic Whole Life certificates to enhance their value:

These riders are available at no additional cost:

Compare Whole and Term Life

Whole Life Insurance
Coverage
  • Permanent
Benefits
  • Premiums never go up
  • Builds cash value
  • Death benefit proceeds paid income tax-free to beneficiary
Types
  • Whole Life Paid-up at 100
  • Whole Life Paid-up at 65
  • 10 Pay Whole Life
  • 20 Pay Whole Life
Issue Ages
  • Varies by type of insurance, from ages 0-85

Term Life Insurance
Coverage
  • Temporary (with option of converting to permanent later)
Benefits
  • Less expensive in the short-term
  • Death benefit proceeds paid income tax-free to beneficiary
Types
  • 10 Year Term
  • 15 Year Term
  • 20 Year Term
  • 30 Year Term
Issue Ages
  • Varies by type of insurance, from ages 0-80

Whole Life Insurance Term Life Insurance13
Coverage
  • Permanent
  • Temporary (with option of converting to permanent later)
Benefits
  • Premiums never go up
  • Builds cash value
  • Death benefit proceeds paid income tax-free to beneficiary
  • Less expensive in the short-term
  • Death benefit proceeds paid income tax-free to beneficiary
Types
  • Whole Life Paid-up at 100
  • Whole Life Paid-up at 65
  • 10 Pay Whole Life
  • 20 Pay Whole Life
  • 10 Year Term
  • 15 Year Term
  • 20 Year Term
  • 30 Year Term
Issue Ages
  • Varies by type of insurance, from ages 0-85
  • Varies by type of insurance, from ages 0-80

What's next?

Your Representative will prepare a customized plan that best meets your specific needs and budget. Get started by connecting with your Representative.

Learn More

Disclosures

  1. Whole Life Insurance [Form ICC17 8678 1-17 & Form 8678 1-17 (XX)]. EZ Whole Life Insurance [Form ICC17 8679 1-17 & Form 8679 1-17 (XX)]. These certificates have exceptions, limitations and restrictions. For costs and complete details in coverage, contact your WoodmenLife Representative.
  2. Refunds are not guaranteed.
  3. There may be tax implications for policies recognized as modified endowment contracts (MEC). Distributions including loans from a MEC are taxable to the extent of the gain in a policy and may also be subject to a 10% additional tax if the owner is under age 59 ½.
  4. Form 260-XX-0409. All contractual provisions apply and may vary by state.
  5. Form 262-XX-0409; 262-04-1401; All contractual provisions apply and may vary by state. May not be available on all products.
  6. Form 263-XX-0409. All contractual provisions apply and may vary by state.
  7. Form 8649 1-16 (XX), ICC16 8649 1-16, 262-04-0114 & 8649 1-16 (XX). All contractual provisions apply and may vary by state. May not be available on all products.
  8. Form 261-XX-0409. All contractual provisions apply and may vary by state.
  9. Forms ICC10 264 6-10, 264 6-10 (XX), O-264 6-10 (XX) and 264-XX-0409. All contractual provisions apply and may vary by state. Benefit payments may affect eligibility for public assistance programs.
  10. Maximum benefit is the lesser of $250,000 or 65% of death benefit amount available and usually paid in one lump sum. Generally benefits received are income tax-free. Consult your tax professional to assess the impact of this benefit.
  11. Forms ICC17 8690 1-17; 8690 1-17 (XX). All contractual provisions apply and may vary by state. Benefit payments may affect eligibility for public assistance programs. Certain eligibility requirements apply. This rider is not long term care insurance, nor is it intended to replace long term care insurance. Not available in CA or NY.
  12. Maximum benefit for terminal illness is the lesser of $250,000 or 65% of death benefit amount available and usually paid in one lump sum. Maximum benefit for chronic illness is the lesser of $250,000 or 50% of the death benefit amount available, subject to the annual per diem limitation declared by the Internal Revenue Service. Payments made under this rider are intended to qualify for favorable tax treatment under the Internal Revenue Code. As with all tax matters, a tax professional should be consulted to assess the impact of this benefit.
  13. Forms ICC16 8648 1-16, 8648 1-16 (XX). Premiums for 10, 15, 20 or 30-year term are guaranteed not to increase during the initial policy term. Once the initial policy term ends, your premiums will increase on an annual basis until age 95. Any increase in premium will not increase the certificate benefits.

Products are not available in New York and all products may not be available in all states.

WEB32 - 4/1/2019