Modern Woodmen increases member dividends by $3.7 million

At Modern Woodmen, we strive to pay members the largest dividends possible, while preserving strength and stability for the future. We're pleased to announce higher dividends for eligible life insurance certificates, effective July 1.

"Favorable interest rates, coupled with Modern Woodmen's continued sound investment principles and financial practices, have made it possible for us to pay higher dividends at this time," says President and CEO Jerry Lyphout.

"The decision to increase dividends is a reflection of our organization's long-term financial strength."

Modern Woodmen's total projected dividend payout will increase by $3.7 million over the next 12 months starting July 1. This increase will raise the total dividend payout to $14.6 million in 2026. About 133,000 life insurance certificates will receive higher dividends over the next year.

The increase will be applied to life insurance plans that are eligible to receive a dividend and have a register date prior to Jan. 1, 2022.

Dividends are reviewed and determined annually by Modern Woodmen's board of directors. Dividend payments and increases are subject to market conditions and may vary over time.