Optional Riders

These riders can be added to a Whole Life Policy:

The following optional riders extend the flexibility of your WCU policy. Riders added to the 10 Pay Life Plans terminate at the end of the 10 years. Riders added to the 20 Pay Life Plans terminate at the end of the 20 years. Riders are not available with all plans. Each rider may not be available in all states.

Waiver of Premium: All premiums (including all riders, except the Paid-Up Additions Rider) are waived during a time of total disability beginning before age 60 and lasting at least six months. This waiver expires at age 60.

Accidental Death Benefit: In the event of accidental death, additional insurance protection is available. Issue ages 5 through 55. This waiver expires at age 70.

Spouse Term Rider: You have the opportunity to purchase a term rider for your spouse in units specified below per attained age up to a maximum of 5 units. Expires at age 65 of the spouse listed on the rider.

  • Through age 39       $7,500
  • 40 – 49                         $5,000
  • 50 – 59                         $2,500
  • 60 – 65                         $1,000

Child Term Rider: You have the opportunity to purchase a term rider for your children in increments of $1,000 up to $15,000 per child. Expires at child’s age 25 or primary insured’s age 65 whichever is first.

Level Term Rider: You have the opportunity to purchase a 10, 20 or 30 year level term rider which can be issued as a rider to a Whole Life certificate providing it is not greater than 5 times the Whole Life face amount. the minimum term face amount is $50,000.

The Paid-up additions Rider: You have the opportunity to purchase additional permanent life insurance that requires no further premiums. The Paid-Up Additions Rider, available with a one-time payment at the time of the application gives you numerous advantages:

  • Increase your insurance coverage
  • Enhances cash accumulations on a tax-deferred basis
  • Can be used to offset your premium in case of a financial emergency

Click here to contact the Home office and we can help you locate a representative in your area.