If you want whole life insurance that maximizes death benefit protection for each life insurance premium dollar you pay, then Modern Woodmen’s LP98 life insurance may be right for you. Featuring the affordability of term life insurance and cash accumulation opportunities unique to permanent life insurance, LP98 can protect your family, business or even a key employee now, while delivering retirement benefits later.  

If you’re more concerned with building cash values than having a large death benefit, E96 may be a better choice for you.

Advantages  

Guaranteed level premiums
Premiums remain level from the time of purchase to age 98. This makes it easy to plan for the future. If you meet health and additional requirements, you may qualify for a preferred rating, which means you pay lower premiums.  

Guaranteed death benefit coverage
LP98’s insurance protection is guaranteed for your entire life as long as you make the premium payments.   

Immediate fund availability
Upon your death, LP98 provides immediate funds for your loved ones.  Your death benefit can pass to them immediately without income taxes or the delay of probate or estate administration.  

Cash accumulation and guaranteed rates
Interest on the cash values generally accumulates on a tax-deferred basis and is guaranteed to never go below 4.5 percent. Usually you pay no taxes unless you withdraw money and then only if you withdraw more than the premiums you have paid.  

Dividends
In addition to the guaranteed interest rate, you’ll receive additional earnings in the form of dividends. Depending on which option you choose, these earnings can either accumulate interest, be distributed as cash, purchase additional paid-up insurance or reduce future premiums.

Safety
Regardless of what happens to the economy, your plan is fully secured by the assets of Modern Woodmen.