Grow Your Retirement Funds with a Variable Annuity
Variable annuities1 are a great option for planning for retirement and working toward other long-term financial goals.
What is a Variable Annuity
The WoodmenLife Variable Annuity is a personal retirement account that blends the best features of mutual funds and annuity. Guarantees allow you to accumulate tax-deferred dollars in various fixed and market-based accounts based to your risk tolerance.
A variable annuity is made up of investments and can yield potentially higher returns than other types of annuities though it does have higher costs than mutual funds and other annuities. If you are comfortable with a higher level of risk, a variable annuity may be the best option for you2.
Reasons to Choose a Variable Annuity
With a variable annuity, you can:
Build funds tax-deferred
Choose how your investments are diversified
Invest conservatively or aggressively based on your comfort level
Transfer among stock or bond subaccounts tax-free
Potentially accumulate more than you would with a set interest rate
Choose from multiple payment options
Leave a guaranteed death benefit for your loved ones*
How a Variable Annuity is Different
With a variable annuity, you have the ability to invest conservatively or aggressively for potentially higher returns. Variable annuities offer investment flexibility that can provide greater protection from inflation when compared to fixed annuities that retain a set, guaranteed interest rate. A variable annuity may be a good fit if you still have 10 or 20 years left before you need to retire or use the money in the account, as returns can be higher over an extended period of time.
Form 456-XX-0208, 456-44-0301
Annuities may not be available in all states.
WoodmenLife Variable Annuity Performance
Below are free publications and prospectuses from Woodmen Financial Services, Inc.
WoodmenLife VA Performance - October 31, 2023
You should consider the investment objectives, risks and charges, and expenses of the WoodmenLife Variable Annuity carefully before investing. Call Woodmen Financial Services, Inc. at 877-664-3332 for a copy of the prospectus which contains this and other information about the annuity. You should read the prospectus carefully before investing.
Variable annuities are only available through WoodmenLife Financial Representatives. Variable annuities may not be available in all states. To connect with your local Financial Representative, contact Woodmen Financial Services at WFSOperationsTeam@woodmenlife.org or 1-877-664-3332.
Need a printed copy?
Please call Woodmen Financial Services, Inc. at 877-664-3332 for a printed copy.
Unable to view PDFs?
Need help rolling over a 401(k)?
We make it easy to roll 401(k) funds from previous employers into an annuity.
401(k) not offered as a product. Products offered are IRA variable annuities, IRA fixed annuities and IRA mutual funds.
Connect with WoodmenLife
A local WoodmenLife Representative can help you choose the best retirement products for where you are in life.
456-XX-0208, 456-XX-1207, 456-XX-0301
A Variable Annuity is a long-term financial vehicle designed for retirement purposes. There are contract limitations, fees, and charges associated with variable annuities, which include but are not limited to mortality and expense risk charges, surrender charges and administrative fees. Early withdrawals may be subject to surrender charges and taxed as ordinary income, and in addition, if taken prior to age 59 1/2, an additional 10% federal income tax penalty may apply.
For the purpose of determining your surrender charge, any amount that you withdraw will be treated as coming from premiums in the order in which they were paid. Amounts deducted to pay a surrender charge on a withdrawal are themselves subject to the surrender charge. The amount deducted to pay a surrender charge will be applied against the surrendered portion of the account and will reduce the withdrawal accordingly. In each Certificate Year, you may make free withdrawals (withdrawals without any surrender charge) of up to 10% of the Accumulated Value existing at the time you made the first withdrawal in that Certificate Year.
*Guarantee is made by WoodmenLife. Death benefit and principal guarantee are subject to the claims-paying ability of the issuing insurance company. A variable annuity is a long-term financial vehicle designed for retirement purposes. There are contract limitations, fees and charges associated with variable annuities, which include but are not limited to mortality and expense risk charges, surrender charges and administrative fees.
Products are not available in New York and all products may not be available in all states.
Not FDIC- or NCUSIF-insured. May lose value. Not insured by any federal government agency. Not a deposit. Subject to claims-paying ability.
Web 57 R-11/23