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Retirement

Interest Rates on Annuities

WoodmenLife announces interest rates on annuities each month. Learn more about our retirement product options.

The rates below are for the Single Premium Deferred Fixed Annuity (SPDA) and the Fixed Premium Deferred Fixed Annuity (FPDA). You will receive a set interest rate during your initial lock-in period, which will be between one month and one year. Once your rate is locked in, you will receive the same interest rate for the rest of the time you own the annuity.

Deferred Fixed Annuity Interest Rates1

Rate Credited During Initial Lock-In Period

Certificates issued in March 2024. Rate credited during the initial lock-in period.

Single Premium Deferred Fixed Annuity (SPDA)2

Fixed Premium Deferred Fixed Annuity (FPDA)2

Under $10,000

3.00%

$10,000 to $24,999

3.15%

3.00%

$25,000 to $99,999

3.45%

3.30%

$100,000 to $499,999

3.65%

3.50%

$500,000 to $999,999

4.00%

3.85%

$1 million and above

4.15%

4.00%

Rate Credited After Initial Lock-In Period

March 2024 rate credited after initial lock-in period expires.3

SPDA with First Year Interest Bonus4

FPDA with First Year Interest Bonus5

SPDA6

FPDA7

Under $10,000

2.35%

2.20%

3.00%

3.00%

$10,000 to $24,999

2.75%

2.60%

3.15%

3.00%

$25,000 to $99,999

3.05%

2.90%

3.45%

3.30%

$100,000 to $499,999

3.25%

3.10%

3.65%

3.50%

$500,000 to $999,999

3.60%

3.45%

4.00%

3.85%

$1 million and above

3.75%

3.60%

4.15%

4.00%

After the initial lock-in period expires, interest rates may vary each month. Interest rates are set monthly by WoodmenLife and will never be lower than the minimum guaranteed interest rate. The current minimum guaranteed interest rate for certificates issued in March 2024 is 3.00%.

WoodmenLife Deferred Annuities In-Force Rate8

March 2024

Values under $25,000

Values $25,000 and Above

3.00%

3.00%

Current in-force interest rates apply when a certificate’s initial rate guarantee has expired or when an initial interest rate’s guarantee period has not been chosen. Current in-force interest rates are subject to change monthly. They will never be lower than the minimum guaranteed interest rate.

Connect with WoodmenLife

A local WoodmenLife Representative can help you choose the best retirement products for where you are in life.

Disclosures

  1. Single Premium Deferred Annuity (SPDA) not available in NH. Flexible Premium Deferred Annuity (FPDA) not available in NH.

  2. During the initial lock-in period, the interest rate will not change. Lock-in periods of one month or one year are available.

  3. After the initial lock-in period expires, interest rates may vary each month. Interest rates are set monthly by WoodmenLife and will never be lower than the minimum guaranteed interest rate. The current minimum guaranteed interest rate for certificates issued in March 2024 is 3.00%.

  4. Single Premium Deferred Annuity (SPDA) with First Year Bonus 7961-XX-0707 7961-02-0905. Not available for purchase. Rates shown are credited after the initial lock-in period on products previously purchased.

  5. Flexible Premium Deferred Annuity (FPDA) with First Year Bonus 7963-XX-0707 7963-02-0905. Rates shown are credited after the initial lock-in period on products previously purchased.

  6. Single Premium Deferred Annuity (SPDA) 7962-XX-0707; 7962-02-0905

  7. Flexible Premium Deferred Annuity (FPDA) 7964-XX-0707; 7964-02-0905

  8. WoodmenLife Deferred Annuities are not available for purchase. The in-force rates below apply to products previously purchased. Contractual contribution limits apply.

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

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WoodmenLife Medicare Supplement plans are not connected with or endorsed by the U.S. government or the federal Medicare program.

NOTE: In some states, Medicare Supplement certificates (all plans in CO) are available to those eligible for Medicare due to a disability, regardless of age.

Securities are offered through Woodmen Financial Services, Inc. (WFS), 1700 Farnam Street, Omaha, NE 68102, member FINRA/SIPC, a wholly owned subsidiary of Woodmen of the World Life Insurance Society (collectively “WoodmenLife”). Securities other than the WoodmenLife Variable Annuity are issued by companies that are not affiliated with WoodmenLife. This material is intended for general use with the public. WFS is not providing investment advice for any individual or any individual situation, and you should not look to this material for any investment advice. WFS has financial interests that are served by the sale of these products or services.

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This company was issued a A+ (Superior) rating by the AM Best Company, click for additional details. WoodmenLife has been awarded a rating of A+ (Superior), the second highest ranking out of 15, for its financial strength and operating performance in 2022 by AM Best, an independent rating company that is nationally recognized for its objective reporting and rating of insurers.

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