Each of these benefits can be purchased as riders to Maximizer life insurance certificates.*
Accidental Death Benefit
If the Accidental Death Benefit is part of your insurance certificate and you die as the result of an accident, your beneficiaries will receive an amount of money in addition to the basic death benefit. Often, this benefit is set to pay double your death benefit.
Return of Premium Benefit
If you live - At the end of the 20- or 30-year term, we return all the annual base premiums you paid for the term plan plus the cost of this rider income tax free. (Flat extra and table rating premiums as well as any other rider premiums or outstanding loans are excluded.) Use the money to convert the life insurance to a permanent plan, to help offset your child's college or wedding expenses, to purchase long-term care insurance, to make home improvements or whatever else you desire.
If you die - Your beneficiary receives both the death benefit and the eligible premiums you paid up until that point if you die during the term.
Premiums you pay are guaranteed to remain level throughout the selected period. The rider is only available with specific term plans.
Waiver of Premium Benefit
If you become totally disabled while the Waiver of Premium Benefit is part of your life insurance certificate, Modern Woodmen will pay your premium payments for the period of your disability or until the end of your premium-paying period, whichever comes first.
*Rider availablity may vary by state.