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:

  • The confidence of permanent life insurance protection.
  • Premiums that never increase, regardless of age or health.
  • Certificate cash values grow tax-deferred until received.
  • A death benefit paid to beneficiaries income tax-free.
  • Certificates may be eligible for refunds2 – similar to dividends – each year.

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:

  • Funeral costs
  • Unsettled debts like credit cards, car loans and medical expenses
  • Mortgage payments
  • College payments
  • Bills such as rent, utilities and groceries
  • Charitable donations

Tailored to You

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

  • Whole Life Paid-up at 100 generally offers lower premiums than other Whole Life plans, although they are paid until age 100.
  • Whole Life Paid-up at 65 builds cash value fast with premiums paid until age 65. This is perfect if you want to quit paying premiums when you retire.
  • 20 Pay Whole Life features premiums paid for 20 years and quick-building cash value. This is ideal for insuring children and individuals wanting to make a limited number of premium payments.
  • Single Premium Whole Life offers a single premium payment option with fast accumulation. Cash value growth and death benefits are guaranteed.

Additional Options

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

  • Accidental Death Benefit Rider3 – Provides extra life insurance coverage in case of your accidental death.
  • Waiver of Premium Rider4 – Ensures premiums will continue to be paid if you become disabled within the contractual terms of this rider.
  • Applicant Waiver of Premium Rider5 – When purchased for someone age 15 or younger, this rider ensures that premiums will continue to be paid on the youth’s life insurance certificate in case of your death or disability within the contractual terms of this rider.
  • Guaranteed Insurability Rider6 – Gives you the ability to purchase additional insurance coverage in the future at specific ages and when certain life events occur, such as marriage and the birth or adoption of a child. The additional insurance may be purchased without proof of insurability.
  • Accelerated Death Benefit Rider7 – Individuals with a terminal condition can receive a portion of their life insurance benefits8 while still living.

A Quick Comparison of Whole and Term Life

  Whole Life Insurance Term Life Insurance9
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
- 20 Pay Whole Life
- Single Premium Whole Life
- 10 Year Term
- 15 Year Term
- 20 Year Term
- 30 Year Term
- Youth Term
Issue Ages Varies by type of whole life, from ages 0-85 Varies by type of term, from ages 0-70

Meet Your Goals

Carefully consider your needs and finances before choosing an insurance product. To learn more about Whole Life insurance, contact your local WoodmenLife Representative.

1. Forms 01-XX-0409; 09-XX-0409; 04-25-0803; 03-XX-0409; 04-XX-0409; 250-XX-0409; 252-XX-0409; 251-XX-0409; 253-XX-0409; 254-XX-0409. These certificates have exceptions, limitations and restrictions. For costs and complete details in coverage, contact your WoodmenLife Representative.
2. Refunds are not guaranteed.
3. Form 260-XX-0409. All contractual provisions apply and may vary by state.
4. Form 262-XX-0409. All contractual provisions apply and may vary by state.
5. Form 263-XX-0409. All contractual provisions apply and may vary by state.
6. Form 261-XX-0409. All contractual provisions apply and may vary by state.
7. 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. May not be available in all states.
8. 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.
9. Forms 34-XX-0511, 42-XX-0511, 37-XX-0511, 290-XX-0511 and 33-XX-0511. Premiums for 10-, 15-, 20-, and 30-year Term are guaranteed not to change for the first 10 years. After 10 years WoodmenLife may annually change the premium based on our experience. Any increase in premium will not increase the certificate benefits and cannot exceed the maximum annual premium shown in the certificate.


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