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What is Woodmen of the World?

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Quick Answer

Woodmen of the World is a nonprofit insurance company offering insurance, annuities, investments and retirement accounts, notes Woodmen of the World Life. As of 2015, the home office for Woodmen of the World is located at 1700 Farnam Street in Omaha, Nebraska. A.M. Best awarded WoodmenLife the rating of A+, which is its superior ranking, and the company is a member of the American Fraternal Alliance.

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Full Answer

In addition to its main product, life insurance, Woodmen of the World offers several types of annuities, notes the organization's website. These include deferred fixed annuities with earnings that are not taxable until the account holder takes distributions, immediate annuities that generate payments right away and variable annuities that generate higher returns that other annuities.

Woodmen of the World offers investment advice and financial planning services to its customers. Beyond annuities, the company also offers workplace plans and individual retirement accounts. Its website offers a number of articles in the "Learning Center" that helps customers manage money for life's milestones and plan for retirement. The website also offers financial calculators for personal finance decisions, including home mortgages, loan consolidation, refinancing and car purchases, among others. The website's "Frequently Asked Questions" section offers answers to common questions from customers and investors regarding the products and services offered by the company.

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