WSA Fraternal Life is a Fraternal Benefit Society now celebrating our 113th year of serving over 4,000 members. WSA Fraternal Life has become a leader among Fraternal Benefit Societies in financial strength, innovative thinking, and member support. To all of our members and associates: WSA employees are able to access both email and voicemail remotely. In accordance with local. Deposits on new annuity contracts (issued 4/1/2020 and later) are limited to $5,000 per anniversary year. Deposits on existing annuities.
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Turn of the century America was a special place in time. America was bursting at the seams as industry and growth were fueled by the flood of immigrants searching for a better life in a new country. Unfortunately, these new Americans did not always find the ideal life they had envisioned. They didn't speak the language, didn't immediately fit in, and often became the target of discrimination or fraud.
A Whole Life product is often called Participating or Permanent Life Insurance because it is designed for the person who desires coverage for life. A cash advance can be borrowed by means of a Certificate Loan. This loan, secured by the Cash Value of the certificate, will accrue interest until the loan is fully repaid.
This annuity product is an excellent means to accumulate funds over a long period of time to secure your retirement income. Deposits can be made on a "flexible" basis allowing you to build your account at your pace. Interest earned on a deferred annuity will accumulate on a tax deferred basis. Taxation of these earnings applies only when funds are withdrawn.
This is a plan in which you make a one-time lump sum payment. Thereafter, a guaranteed monthly income check is sent to you each month, in accordance with the terms of the selected settlement option (see below). Monthly payments are made for a predetermined period, after which payments are made for the rest of your life.
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