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Variable Annuity Prospectus May 1, 2015, A UNIFY Company R Form 2051V (Rev. 515) Modern Woodmen of America Variable Annuity Account INDIVIDUAL FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY CERTIFICATE

How to fill out modern woodmen variable annuity

How to fill out modern woodmen variable annuity:

1. Obtain the necessary forms: Contact the modern woodmen insurance company to request the necessary forms to fill out the variable annuity. They will provide you with the required paperwork.
2. Provide personal information: Fill out the forms by accurately providing your personal information, including your full name, date of birth, address, and contact details. This information is essential for the insurance company to identify you as the annuity holder.
3. Choose the investment options: Modern woodmen variable annuities offer different investment options. Determine your risk tolerance and investment goals and select the investment options that align with your preferences.
4. Indicate the contribution amount: Specify the amount of money you would like to contribute to the variable annuity. This can be a one-time lump sum or a series of periodic payments, depending on your financial situation and preferences.
5. Designate beneficiaries: Indicate who will receive the benefits of your variable annuity in the event of your death. You may choose one or multiple beneficiaries, and you can also allocate specific percentages or amounts to each beneficiary.
6. Read and understand the terms and conditions: Carefully review all the terms and conditions mentioned in the forms. Ensure that you understand the fees, surrender charges, withdrawal options, and any other important details related to the variable annuity.
7. Sign and submit the forms: Once you have completed the forms, sign them and submit them to the modern woodmen insurance company. You may need to include additional documents, such as a copy of your identification or other supporting paperwork, as instructed by the company.

Who needs modern woodmen variable annuity?

1. Individuals planning for retirement: Modern woodmen variable annuity can be a suitable option for individuals who want to plan for their retirement and ensure a steady income stream in the future.
2. Those seeking tax-deferred growth: The variable annuity offers tax-deferred growth potential, making it ideal for individuals who want to maximize their investment returns without incurring immediate tax liabilities.
3. Investors looking for flexible investment options: The variable annuity allows investors to choose from a variety of investment options based on their risk tolerance and financial goals, providing flexibility in managing their investment portfolio.
4. Estate planning: The variable annuity's ability to designate beneficiaries makes it suitable for individuals who want to include it as part of their estate planning strategy, ensuring the smooth transfer of assets to their heirs.
5. Individuals seeking potential death benefit protection: The variable annuity may offer a death benefit that can protect the principal investment and provide financial support to beneficiaries upon the annuity holder's death.

It is important to note that modern woodmen variable annuity may not be suitable for everyone, and it is recommended to consult with a financial advisor to determine if it aligns with your specific financial situation and goals.

For pdfFiller’s FAQs

What is modern woodmen variable annuity?

Modern Woodmen variable annuity is a financial product that allows individuals to invest funds for retirement and receive payments based on the performance of the investments.

Who is required to file modern woodmen variable annuity?

Individuals who have purchased a modern woodmen variable annuity are required to file the necessary paperwork to claim retirement benefits.

How to fill out modern woodmen variable annuity?

To fill out a modern woodmen variable annuity, individuals must provide personal information, investment choices, and beneficiary designations.

What is the purpose of modern woodmen variable annuity?

The purpose of modern woodmen variable annuity is to provide individuals with a reliable source of income during retirement by investing funds in the market.

What information must be reported on modern woodmen variable annuity?

Information such as personal details, investment selections, and beneficiary information must be reported on a modern woodmen variable annuity form.

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