If you have a lump sum of cash available and want guaranteed life insurance protection, Single Premium Whole Life insurance may be the ideal product for you. It includes an attractive interest rate and strong tax-deferred cash accumulation, so it can meet your insurance needs while helping to ensure financial security at retirement. Single Premium Whole Life insurance is also an excellent way to begin a child’s life insurance program.

Advantages  

One premium for life
Because the premium is paid in a lump sum, no matter what happens in the future, the coverage you arranged for will be there when you need it.   

Tax-deferred accumulation
Interest accumulating in your plan is not taxed until you make a withdrawal.  Because the interest is tax-deferred, all of your interest grows over the life of the certificate.  

Competitive interest rate
Single Premium Whole Life insurance earns a competitive interest rate based on Modern Woodmen’s investment experience and current economic conditions. You receive a guaranteed 4 percent interest rate.  

Guaranteed death benefit coverage
Upon your death, the death benefit generally passes to your beneficiaries income tax-free.  Monthly income options are available, and only the interest earned is taxable.  

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