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Important Product Information:

Disclosures are not state specific and may vary upon state of issue.

Life Insurance is subject to underwriting and issuance is dependent on answers to health questions set forth in the application.

Suicide Exclusion: If the insured dies by suicide while sane or insane within two years from the effective date or within any shorter period as may be required by applicable state law where the certificate is delivered or issued for delivery, the death benefit will be limited to the payment of a benefit equal to the amount of the premiums paid, without interest, less any debt secured by this certificate.

Death benefit proceeds from a life insurance policy are generally not included in the gross income of the taxpayer/beneficiary (Internal Revenue Code Section 101(a)(1)). There are certain exceptions to this general rule including policies that were transferred for valuable consideration (IRC §101(a)(2)). This information should not be construed as tax or legal advice. Consult with your tax or legal professional for details and guidelines specific to your situation.

Guarantees are backed by the claims-paying ability of WoodmenLife.

Universal Life insurance products contain fees, such as mortality and expense charges (which may increase over time), and may contain restrictions, such as surrender periods. This certificate could lose money. WoodmenLife will provide notification if the guaranteed monthly deductions and interests are expected to exhaust the plan’s cash values prior to the maturity date. This certificate is not guaranteed to stay in force until maturity based on minimum guarantees.

There may be tax implications for policies (IUL & Whole Life) recognized as modified endowment contracts (MECs). 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 59½.

All products may not be available in all states. These certificates have exceptions, limitations and restrictions. For costs and complete details in coverage, contact a WoodmenLife Representative.

Family Term Life Insurance:

Forms ICC16 8083 R-1-16 & 8063 R-1-16 (xx)

Coverage extends to any child born to the primary insured or other insured, any child less than 18 years of age legally adopted by the primary insured or other insured, or any child less than 18 years of age for which the other insured or the primary insured has been appointed permanent legal guardian. No child is insured before attaining the age of 15 days. Certain eligibility requirements apply.

The face amount of the Other Insured can never be more than the Primary Insured.

Upon conversion of the primary insured, the base certificate, including any attached riders or endorsements, will terminate.

Once the initial policy term ends, your premium will increase on an annual basis until age 95. Any increase in premium will not increase the certificate benefits.

Indexed Universal Life Insurance

Forms ICC18 8730 4-18 & 8730 4-18 (XX)

IUL is not an investment. It is a life insurance policy product that provides growth potential through index interest crediting. You cannot invest directly in an index.

A minimum initial face amount of $50,000 is required on Indexed Universal Life insurance certificates for issued ages 0-18 years.

IUL is flexible premium, but a certain minimum premium is required to keep the coverage inforce.

The IUL product is not intended to serve as a primary source for retirement, pension income or deferral of taxable income.

Excessive loans or withdrawals may cause the policy to lapse. Loans and withdrawals will reduce the policy’s death benefit and available cash value. For Indexed Universal Life certain charges will not reduce when decreasing the face amount of insurance or after taking withdrawals from the policy. Consult your policy for details. A loan, withdrawal or surrender may be a taxable event. For tax advice, consult with your professional tax advisor.

No Lapse Guaranteed Universal Life Insurance

Forms ICC10-8205 3-10, 8205 3-10 (XX), O-8205 3-10 (XX)

The certificate is guaranteed to stay in force until the end of the no lapse guarantee period if: the amount of premium that you pay is at least as great as the no lapse guarantee premium stated in the certificate; the premiums that you pay are received at least as frequently as the interval of no lapse guarantee premium stated in the certificate; no changes are made to the face amount or rating class; no loans or partial surrenders are taken; the certificate has not been reinstated; or no addition or modification of any rider is made.

Term Life Insurance

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.

Option to convert to permanent coverage up to age 72

Whole Life Insurance

Forms ICC17 8678 1-17, 8678 1-17 (XX), ICC17 8679 1-17, 8679 1-17 (XX)

Loans against the cash value of your certificate will accrue interest, reduce the death benefit and reduce available cash value. A loan, withdrawal or surrender may be a taxable event. For tax advice, consult with your professional tax advisor. Excessive loans or withdrawals may cause the policy to lapse.

Graded Death Whole Life Insurance

WoodmenLife’s® Graded Whole Life Insurance is permanent life insurance with premiums that never increase. Premiums are paid until age 100.

Forms ICC17 8378 R-1-17 & 8378 R-1-17 (XX)

This product has a limited graded death benefit if a non-accidental death occurs less than three years after the certificate’s effective date.

For the first three certificate years if you pass away from a non-accidental death, the death benefit will be limited to the amount of all premiums due and paid prior to your death, plus 10% interest and minus any debt.

If you pass away from an accidental death, the face amount of insurance is paid as a death benefit, minus any debt with interest, and any due or unpaid premium.

WoodmenLife will not pay any accidental death benefit, but will pay the non-accidental death benefit if the insured’s death is caused or contributed to by one of the following: Intentionally self-inflicted injury, while sane or insane, travel or flight in or descent from or with any form or type of aircraft in which the insured: a) is, or is acting like a pilot, officer or member of the crew; or b) is giving or receiving any kind of training; or c) is being flown for the purpose of descent from such aircraft while in flight; or d) has any employment duties aboard such aircraft; Any disease or infirmity of mind or body, or medical or surgical treatment thereof; Committing or trying to commit a felony; War, or any act due to war. The term “war” includes declared or undeclared war; The voluntary inhalation, injection or ingestion of: a) Any drug, narcotic or sedative, unless taken as prescribed by a physician; b) Poison, gas, or fumes other than as a direct result of an occupational accident or smoke inhalation incidental to structure fires; Intoxication as defined by the jurisdiction where the accident occurred; participation in riot, civil disorder, terrorism, or gang activity; and suicide, while sane or insane within two years from the effective date or within any shorter period as may be required by applicable state law where the certificate is delivered or issued for delivery, the death benefit will be limited to the payment of a benefit equal to the amount of the premiums paid, without interest, less any debt secured by this certificate.

If you pass away after three certificate years, the face amount of insurance is paid as a death benefit, minus any debt with interest, and any due or unpaid premium.