The sadness of losing an infant or caring for an infant in poor health shouldn't be compounded by financial distress. Modern Woodmen's Newborn Benefit can help ease the financial burden.
Members who qualify for the Newborn Benefit can receive $5,000 to help with medical or funeral costs if their newborn passes away.
Standard rate for life insurance
Also, parents of newborns may apply for $5,000 of life insurance to become effective no later than on the child's 181st day of life. This insurance will be issued at standard rates, regardless of the child’s health.
If the family keeps the life insurance in force until the child is 16 years old, they may purchase an additional $5,000 of insurance at standard rates, regardless of the child's health. At age 21, the insured may purchase an additional $10,000 of coverage at standard rates, regardless of health.
Already a Member?
To get more information or to apply for the Newborn Benefit, contact your Modern
Woodmen representative or call the home office at (800) 447-9811.