Exhibit
4(v)


 


		  	   






MEMBERS
Life Insurance Company 


 


[2000
Heritage Way, Waverly, Iowa 50677}


Phone:
[800.798.5500]





[http://www.cunamutual.com]


 





NURSING
HOME OR HOSPITAL/TERMINAL ILLNESS WITHDRAWAL PRIVILEGE ENDORSEMENT


 


NOTICE:
This Withdrawal Privilege is not intended to provide long-term care or Nursing Home insurance.


 


This
endorsement is part of the contract to which it is attached, and it is effective upon the Contract Issue Date. Should any provision
of this endorsement conflict with the contract, the provisions of this endorsement will prevail.


 


Capitalized
terms that are not defined in this endorsement are defined in the contract to which this endorsement is attached.


 


DEFINITIONS


 


The
following definitions are added to your contract:


 


Hospital.
A facility that is licensed and operated as a Hospital according to the law of the jurisdiction in which it is located.


 


Nursing
Home. A facility that is licensed and operates as a nursing facility according to the law of the jurisdiction in which it
is located.


 


Terminally
Ill, Terminal Illness. A life expectancy of 12 months or less due to any illness or accident.


 


BENEFIT


 


The
following benefit is added to your contract:


 


We
will waive the Surrender Charge for a partial withdrawal or full surrender subject to providing proof that one of the following
conditions has occurred:


 


Condition
1. Nursing Home or Hospital: An Owner or Annuitant has first been admitted to a licensed Nursing Home or Hospital and has
been confined to such Nursing Home or Hospital for at least 180 consecutive days after the later of the Contract Issue Date or
the date of change of Owner or Annuitant. As proof, we require verification of confinement in the Nursing Home or Hospital. Such
verification must be signed by the administrator of the facility. We must receive your request no later than 90 days following
the date that the qualifying confinement has ended. Where it can be shown that it is not reasonably possible to provide proof
within the required period of time, proof must be given as soon as possible; however, in no event, except in the absence of legal
capacity, may the required proof be provided later than one year after proof is otherwise required.





 




    1 


     


    

 


Condition
2. Terminal Illness: An Owner or Annuitant has been determined to be Terminally Ill. As proof, we require determination of
the Terminal Illness. Such determination must be signed by the licensed physician making the determination after the later of
the Contract Issue Date or the date of change of Owner or Annuitant. The physician may not be a member of your immediate family.
The term “immediate family” includes the Owner or Annuitant or their Spouse, parents, siblings, children or stepchildren.


 


If
one of the above conditions is met:


		a)	The
                                         proceeds will be paid in a single lump sum.






		b)	Before
                                         granting the waiver, we may request a second opinion or examination of the Owner or Annuitant
                                         by one of our examiners. We will bear the cost of such second opinion or examination.
                                         If there is a conflicting opinion between physicians, the Company’s physician will
                                         rule.



		c)	An
                                         Authorized Request is required to exercise this privilege. Proof must be provided at
                                         the time of your request for partial withdrawal or full surrender under this privilege.
                                         If we deny your claim, the surrender or partial withdrawal proceeds will not be disbursed
                                         until you are notified of the denial and provided with the opportunity to accept or reject
                                         the proceeds, which will be reduced by any Surrender Charges.



 


This
privilege may only be exercised one time.


 





Signed
for MEMBERS Life Insurance Company.


 


			 
	 
	President









 






    2