of Woodcraft - Life Insurance
Neighbours of Woodcraft Are
Neighbors of Woodcraft they dont make furniture. Nor
are Neighbours of Woodcraft a subsidiary of some giant lumber
corporation. Actually, Neighbours of Woodcraft are a fraternal
benefit society, and their name is a metaphor.
Benefit Societies are among the earliest institutions in the
United States to provide life insurance to working class families.
The first fraternal benefit society, The Ancient Order of
United Workmen, collected $1 from each member to provide a
$2,000 death benefit to a members family when that member
died. Each time a member died, $1 was due from each surviving
member to reestablish the fund.
morning in 1882 in the town of Lyons, Iowa, a minister used
the pioneer woodmen clearing the forest for their families
as a metaphor for his message. His message was simple: The
community should work together to "clear away" the
financial difficulties of individuals within the community.
A young man named Joseph Root took the ministers message
to heart and established Woodmen of the World as a fraternal
benefit society. The Woodmen would "clear away"
the financial burden faced by the families of deceased members.
of Woodcraft (their original name until it was changed in
1906) was the womens auxiliary of Woodmen of the World.
In 1897, Women of Woodcraft was incorporated in Denver, Colorado
as a fraternal benefit society in its own right. In 1906,
the name was changed to reflect the fact that the organization
had become home to both women and men.
of Woodcraft, and later Neighbors of Woodcraft, has been a
good neighbor in nine states providing working communities
with fraternalism, insurance benefits, and during extraordinary
times of need, a helping hand. From the great San Francisco
earthquake of 1905 to the great Oregon floods of 1996, Neighbours
of Woodcraft have stood true to their mission and true to
all fraternal benefit societies are non-profit corporations
owned by their membership. Each has a constitution that provides
for the election of a representative government. No other
type of insurance provider offers their members a place in
a democratic, and egalitarian cooperative family that is fiscally
sound, efficiently operated, and socially responsible.
of Woodcraft is proud to be a part of the rich history of
American fraternalism, and Neighbours of Woodcraft are looking
forward to their second century of service.
fly with our own wings"
Neighbours of Woodcraft Insurance Products
from all walks of life buy life insurance. Whether you are
young and single with few financial responsibilities, a parent
with college age children or a widow with a parent to support,
life insurance is the basis of a strong financial program.
Main purpose of life insurance is to provide financial security
for your family. If you die, life insurance can provide the
income your family needs to maintain its lifestyle. You can
also use life insurance to build up cash reserves for future
events such as college, retirement or emergencies.
of Woodcraft recognizes the different reasons people purchase
life insurance. Neighbours of Woodcraft's portfolio includes
products as straightforward as Accidental Death Insurance
and as flexible as Decreasing Term Insurance. You may find
Neighbours of Woodcraft have the right product for you.
you identify your needs, your financial resources and your
goals, Neighbours of Woodcraft can help you choose the life
insurance product that is right for you. Your financial security
and peace of mind are important to Neighbors of Woodcraft.
Neighbours of Woodcraft Insurance Portfolio
Protects your family from the financial burden of your accidental
Requires no medical examination or health records. Guaranteed
as long as you pay the premiums, but insurance coverage is
limited for the first two years you have this product. Neighbours
of Woodcraft offer this product periodically and only to existing
Protects your family from the financial burden of your death
for a certain period of time only. Neighbours of Woodcraft's
term insurance policy may continue throughout your life to
age 100 if you so desire.
Whole Life Insurance
Combines death benefits with cash values. Requires fixed-level
premiums during your life in exchange for a previously determined
amount of money that will be paid in case you die or the policy
matures. This product is non-participating and offers you
lower guaranteed level premiums.
Credit Whole Life Insurance
This policy also combines death benefits with cash values.
The premium rate is guaranteed for life. Excess value is credited
each year when approved by Neighbours of Woodcraft's board
of directors. These excess credits are based on Neighbours
of Woodcraft's past experience and upon their outlook for
the near future. Credits may be used to reduce premium, be
paid to you in cash or be used to buy paid up additional insurance.