Western Fraternal Life :: Insurance Policy Extras

Insurance Policy Extras

Payment Options
Additional Coverage Options (Riders)

Payment Options

Lifetime payments can be made monthly, quarterly, semi-annually, or annually. Lifetime payment options are available on Whole Life, Life Protector, Simplified Issue Whole Life, and Graded Benefit Whole Life.

10-Year, 20-Year, or 30-Year
10, 20, and 30-Year payments are available on Term Life policies, depending on age. Payments can be made monthly, quarterly, semi-annually, or annually over this period. 10 or 20-year options are available on Whole Life and Vision Whole Life policies as well.

Single Premium
Single Premium is a one-time payment for a policy. It is available on Whole Life, and Children’s (age 0-25) Term policies.


Dividends are earned on Whole Life, Life Protector, and Vision Whole Life policies. Dividends are not guaranteed. Options Include:

  • Accumulate at Interest
    A member may elect to have any and all dividends declared and credited to a certificate to be left on deposit. Dividends left on deposit will be credited with an interest rate established by Western. The interest rate will be declared on an annual basis. The guaranteed minimum interest rate for dividends that remain on deposit to accumulate at interest is 2%.
  • Receive in Cash
    A member may elect to have any and all dividends declared to be paid out to them in cash. If such an option is elected, the annual dividend once declared will be paid to the certificate holder annually via a company check.
  • Reduce Premium
    Members may elect to have the dividends declared to be applied to the annual premium on a certificate. Once a dividend is applied, it will reduce the premium amount the certificate hold must pay out-of-pocket towards the certificate.
  • Buy Paid-Up Additional Insurance
    Members may elect to have any and all dividends declared to be applied to the purchase of additional insurance. Upon the declaration of the annual dividend, it will be applied as a single premium to purchase paid-up additional insurance. The paid-up insurance additions are payable at the same time as the base face amount, upon the death of an insured. Moreover, dividends used to purchase insurance additions build cash value. The dividend cash value is credited with an interest rate similar to that of dividends left on deposit to accumulate at interest. As with that option, the guaranteed minimum interest rate is 2%.
  • Default Option
    If no dividend option is selected upon application, the option to buy paid paid-up additional insurance will be applied by default.


Loans are available to members in financial need if they have Whole Life, Life Protector, or Vision Whole Life. A loan rate of 8% allows members to borrow against their certificate at an interest rate comparable to other available long-term, fixed-dollar investments. Exclusions may apply. Contact Member Services at 877-935-2467 for loan information.

Additional Coverage Options (Riders)

Riders are available on some policies for an additional cost. For complete details and descriptions of riders, please contact Member Services at 877-935-2467.

  • Accelerated Death Benefit Rider
    If your Western Whole Life insurance contract includes the Accelerated Death Benefit rider, and you are diagnosed with a terminal illness with a life expectancy of less than 12 months, you can receive up to 50% of your death benefit (minus any outstanding loans) prior to death. When this rider is exercised, it reduces your face amount and your beneficiary receives the remainder of your death benefit upon your death.
  • Accidental Death Benefit
    Optional rider which covers the insured in the event that death is due to an accident. The benefit amount will be paid to an insured’s beneficiary in addition to the certificate’s base face amount. 
  • Children’s Term Rider
    This rider covers the life of all current children and all future children born to the primary insured until a child attains the age of 23.
  • Disability Waiver of Premium
    Optional rider that covers an insured in the event of total disability. If such an event does occur, the premium an insured would have been obligated to pay would be waived. 
  • Guaranteed Purchase Option Rider
    Elective rider available on Whole Life certificates, the GPO allows an insured to purchase additional life insurance coverage at specified ages without proof of insurability. 
  • Single Premium Whole Life Rider
    Elective rider allows payment of a Whole Life rider with one payment.
  • Term Insurance Rider
    This rider offers guaranteed level premium payment for 10, 20, or 30 year term period followed by annual renewable term rates to age 95. Rider is available on Whole Life (not available in Oregon or Washington).

Call 877-935-2467 to speak with a Western Fraternal Life Representative.