Products and Services
For more than 115 years, Western Fraternal Life Association has been helping its members realize their dreams, reach their financial goals, protect their loved ones, and enrich their lives. wfla has achieved this success through exemplary service and superior products
Annuities
Western Fraternal Life Association offers three types of annuity certificates to meet the needs of its members.
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Flexible Payment Deferred Annuity: A fixed-rate, flexible purchase payment deferred annuity available for the qualified and non-qualified markets. Earnings on the amount in the annuity accumulate on a tax-deferred basis and members may access funds through withdrawal privileges.
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Single Payment Deferred Annuity: A fixed-rate, single purchase payment deferred annuity available for the qualified and non-qualified markets. Earnings on the amount in the annuity accumulate on a tax-deferred basis and members may access funds through withdrawal privileges.
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Single Premium Immediate Annuity: A fixed income, single lump sum premium, immediate annuity. It is available for both the qualified and non-qualified markets. Members can receive guaranteed income payments from a variety of income options.
Permanent Life Insurance
Western Fraternal Life Association offers several types of life insurance certificates.
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Whole Life Insurance: A traditional dividend* paying life insurance certificate that provides life-long insurance protection. It features guaranteed level premiums, guaranteed cash values and optional riders and benefits.
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Single Premium Whole Life: A dividend* paying life insurance certificate that provides life-long insurance protection. It features a one-time lump sum premium and guaranteed cash values.
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Value Life: A permanent life insurance certificate that provides life-long insurance protection with flexible premium and adjustable benefits. Guaranteed not to lapse if the minimum no-lapse premium is paid as due.
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Universal Life: Provides permanent insurance protection with flexible premium and adjustable benefits. Cash values accumulate at competitive interest rates on a tax-deferred basis.
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Acceleration of Death Benefit Option for Terminal Illness: This rider is available with wfla permanent plans as a special product benefit option at no additional cost.
Term Life Insurance
Western Fraternal Life Association offers three types of term life insurance certificates.
- 5 Year Renewable Term
A level term insurance certificate that provides insurance protection to age 70. It features premiums that are renewable every 5 years to age 70, and is convertible to permanent insurance without proof of insurability at any time prior to the certificate anniversary after attaining age 65. The plan Also Provides optional rider and benefits. - Single Premium term to Age 25: A single lump sum premium that provides insurance protection to age 25. This certificate is convertible* to permanent insurance at any time prior to the certificate anniversary following the insured's age 25, without proof of insurability.
* up to 2 1/2 times the face amount at certain ages.
- 10, 20, and 30 Year Renewable Term
Guaranteed level premiums for the 10/20/30 year period and annual renewable rates to age 95. This term is convertible to permanent insurance coverage at any time prior to the end of the original 10/20/30 term time period or prior to the certificate anniversary after attaining age 70, without proof of insurability. The plan provides optional riders and benefits.
* Dividends are not contractual.
** Note: For more information regarding any of Western Fraternal Life Association's products and services, please contact the Agency in your state (see the map on our Home Page, for the Agency Office nearest you), or contact our Home Office Marketing Department at 1-877-wflains.
