Life Insurance
One of the primary purposes of WCU is to provide affordable life insurance protection for members and their families. You do not have to be a member to purchase our products, but the purchase of protection will automatically make you a member of our Society at no extra cost to you. We offer both whole life insurance and juvenile term insurance.
Our life insurance products are available in the following states: CO, IL, IA, MD, MO, OH, PA, TX, WV, WI
Whole Life
Offers permanent life insurance coverage with premiums that never increase. Premiums are payable for life and cash value increases over time.
Product Features:
- Lifetime Coverage with premiums that never increase
- Minimum face amount $10,000
- Issue Ages 0-85
- Cash Value increases over time
- Loan option allows you to borrow against the cash value
- Optional riders available include waiver of premium, accidental death and paid-up additions
- Eligible to receive dividends if dividends are declared (not guaranteed)
- Tax-free death benefit payable to your beneficiaries that can be used for things like paying funeral costs & outstanding debts or to leave a charitable gift to your favorite organization
- Simplified application process for face amounts between $10,000 & $25,000 and up to age 80
Living Benefit Riders Included:
If any of the following conditions apply, the member can access up to 50% of the face amount of the certificate (up to a maximum of $150,000).
- Chronic Illness: If the member is unable to perform 2 out of the 6 activities of daily living
- Critical Illness: If the member is diagnosed as having suffered a heart attack, stroke or cancer
- Terminal Illness: If the member is diagnosed with a terminal illness
WCU does not provide legal or tax advice. Please consult with your legal or tax professional to determine the best product for you. Annuity rates subject to change.
For a printable pdf that describes the whole life product, click here.
10 or 20 Pay Life
Offers permanent life insurance coverage with premiums that are payable for either 10 or 20 years. After the 10 or 20 year term, the policy becomes paid up for life.
Product Features:
- Lifetime Coverage with payments for only 10 or 20 years
- Premiums that never increase
- Minimum face amount $10,000
- Issue Ages 0-70
- Cash Value increases over time
- Loan option allows you to borrow against the cash value
- Optional riders available include waiver of premium, accidental death and paid-up additions
- Eligible to receive dividends if dividends are declared (not guaranteed)
- Tax-free death benefit payable to your beneficiaries that can be used for things like paying funeral costs & outstanding debts or to leave a charitable gift to your favorite organization
Living Benefit Riders Included:
If any of the following conditions apply, the member can access up to 50% of the face amount of the certificate (up to a maximum of $150,000).
- Chronic Illness: If the member is unable to perform 2 out of the 6 activities of daily living
- Critical Illness: If the member is diagnosed as having suffered a heart attack, stroke or cancer
- Terminal Illness: If the member is diagnosed with a terminal illness
WCU does not provide legal or tax advice. Please consult with your legal or tax professional to determine the best product for you. Annuity rates subject to change.
For a printable pdf that describes the 10 or 20 pay life products, click here.
Juvenile Term
A one-time premium that offers term coverage to age 25 that may be converted to any whole life plan for up to 5 times the original face amount with no underwriting.
Product Features:
- Issue Ages 10 days – 18 years
- Single premium of $125 purchases a $10,000 death benefit
- Single premium of $250 purchases a $20,000 death benefit
- Term coverage until age 25 with a one-time premium payment
- At age 25, coverage may be converted to any of our available whole life plans with no evidence of insurability, for up to 5 times the original face amount
- Includes Terminal Illness Rider – if the insured is diagnosed with a terminal illness, they can access up to 50% of the face amount of the certificate
- Members are eligible to apply for Catholic education scholarships, including grade school, high school and college tuition
- This valuable gift can be purchased by parents, grandparents, aunts and uncles
WCU does not provide legal or tax advice. Please consult with your legal or tax professional to determine the best product for you. Annuity rates subject to change.
For a printable pdf that describes the Juvenile Term product, click here.