# EDGAR Filing Document

**Accession Number:** 0001205700
**File Stem:** 0001193125-26-187598
**Filing Date:** 2026-4
**Character Count:** 694017
**Document Hash:** 9457e01eba95a6f6b6f7e6287e7f995e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-187598.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0001193125-26-187598

**CONFORMED SUBMISSION TYPE**: 485BPOS

**PUBLIC DOCUMENT COUNT**: 16

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260428

**EFFECTIVENESS DATE**: 20260501

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WoodmenLife Variable Annuity Account
- **CENTRAL INDEX KEY:** 0001205700

**ORGANIZATION NAME:**
- **EIN:** 223828171
- **STATE OF INCORPORATION:** NE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21254
- **FILM NUMBER:** 26908896

**BUSINESS ADDRESS:**
- **STREET 1:** 1700 FARNAM STREET
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68102
- **BUSINESS PHONE:** 8776643332

**MAIL ADDRESS:**
- **STREET 1:** 1700 FARNAM STREET
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WOODMEN VARIABLE ANNUITY ACCOUNT
- **DATE OF NAME CHANGE:** 20021113
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WoodmenLife Variable Annuity Account
- **CENTRAL INDEX KEY:** 0001205700

**ORGANIZATION NAME:**
- **EIN:** 223828171
- **STATE OF INCORPORATION:** NE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-101231
- **FILM NUMBER:** 26908895

**BUSINESS ADDRESS:**
- **STREET 1:** 1700 FARNAM STREET
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68102
- **BUSINESS PHONE:** 8776643332

**MAIL ADDRESS:**
- **STREET 1:** 1700 FARNAM STREET
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WOODMEN VARIABLE ANNUITY ACCOUNT
- **DATE OF NAME CHANGE:** 20021113

## Series and Classes Contracts Data

### WOODMEN VARIABLE ANNUITY ACCOUNT (Series ID: S000011299)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000031125 | Flexible Premium Deferred Variable Annuity Certificate |  |

?xml version='1.0' encoding='ASCII'? 485BPOS

#### File Nos. 333-101231

#### 811-21254

#### Filed with the Securities and Exchange Commission on April 28, 2026

### UNITED STATES

### SECURITIES AND EXCHANGE

### COMMISSION

#### Washington, D.C. 20549

### Form N-4

### REGISTRATION STATEMENT

#### UNDER

#### THE SECURITIES ACT OF 1933

#### Pre-Effective Amendment No.

#### Post-Effective Amendment No. 31

#### and

### REGISTRATION STATEMENT

#### UNDER

#### THE INVESTMENT COMPANY ACT OF 1940

#### Amendment No. 32

### WOODMENLIFE VARIABLE ANNUITY ACCOUNT

#### (Exact Name of Registered Separate Account)

#### WOODMEN OF THE WORLD LIFE INSURANCE SOCIETY

#### (Name of Insurance Company)

#### 1700 Farnam St.

#### Omaha, NE 68102

#### (Address of the Insurance Company's Principal Executive Office) (Zip Code)

#### 1-877-664-3332

#### (Insurance Company's Telephone Number, including Area Code)

#### John A. Sharp, Esq.

#### 1700 Farnam St.

#### Omaha, Nebraska 68102

#### 402-271-7223

#### (Name and Address of Agent for Service of Process)

#### Copy to:

#### Ronald Coenen Jr., Esq.

#### Eversheds Sutherland (US) LLP

#### 700 Sixth St., NW, Suite 700

#### Washington, DC 20001-3980

#### 202-383-0940

#### It is proposed that this filing will become effective (check appropriate box):
☐ immediately upon filing pursuant to paragraph (b) of Rule 485

☒ on May 1, 2026 pursuant to paragraph (b) of Rule 485

☐ 60 days after filing pursuant to paragraph (a) (1) of Rule 485

☐ on (date) pursuant to paragraph (a) (1) of Rule 485 under the Securities Act of 1933 ("Securities Act")

------

#### If appropriate, check the following box:
☐ this post-effective amendment designates a new effective date for a previously filed post-effective amendment

#### Check each box that appropriately characterizes the Registrant:
☐ New Registrant (as applicable, a Registered Separate Account or Insurance Company that has not filed a Securities Act registration statement or amendment thereto within 3 years preceding this filing)

☐ Emerging Growth Company (as defined by Rule 12b-2 under the Securities Exchange Act of 1934 ("Exchange Act"))

☐ If an Emerging Growth Company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act

☐ Insurance Company relying on Rule 12h-7 under the Exchange Act

☐ Smaller reporting company (as defined by Rule 12b-2 under the Exchange Act)

------

#### WOODMEN OF THE WORLD LIFE INSURANCE SOCIETY

#### WOODMENLIFE VARIABLE ANNUITY ACCOUNT

#### FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY CERTIFICATE

#### WOODMENLIFE VARIABLE ANNUITY

### PROSPECTUS

#### May 1, 2026

#### Please direct transaction requests, claim forms, payments and other correspondence and notices as follows

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;Transaction Type | Direct or Send to |
| &nbsp;&nbsp;&nbsp;Telephone Transaction | 1-877-664-3332 |
| &nbsp;&nbsp;&nbsp;All payments made by check, and all claims, correspondence and notices | WoodmenLife, 1700 Farnam Street, Omaha, NE 68102 |

---

For - The individual Flexible Premium Deferred Variable Annuity Certificate (the "Certificate") issued by Woodmen of the World Life Insurance Society, a fraternal benefit society ("WoodmenLife," "we," "us" or "our") through WoodmenLife Variable Annuity Account (the "Account" or "Variable Account").

This prospectus describes the Variable Account and the Certificate and contains information you should know before you purchase a Certificate. Please read this prospectus carefully and keep it for future reference. The Certificate is intended for long-term investment purposes. The Certificate is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in Withdrawal Charges, taxes, and tax penalties.

The Certificate is a complex investment and involves risks. You bear investment risk that could include loss of principal and previous earnings, and investment returns are not guaranteed. Our obligations under the Certificate are subject to our financial strength and claims-paying ability.

If you are a new investor in the Certificate, you may cancel your Certificate within 10 days of receiving it without paying fees or penalties. In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or your total Certificate value. You should review this prospectus, or consult with your investment professional, for additional information about the specific cancellation terms that apply.

You may allocate premiums and Certificate value to the investment options available under the Certificate, which include: (1) a fixed account, which is an account that provides a specified rate of interest, and (2) variable options, which are the subaccounts of the Variable Account, each of which invests in an underlying mutual fund. See Appendix: Investment Options Available Under the Certificate for more information.

Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION NOR HAS THE COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

#### Prospectus 1

------

This prospectus discloses any material state variations. There are no financial intermediary variations. Currently, Woodmen Financial Services, Inc. is the sole distributor of the Certificate.

This prospectus does not constitute an offering in any state in which such offering may not lawfully be made. You should rely only on the information contained in this document or that we have referred you to. We have not authorized anyone to provide you with information that is different.

#### Prospectus 2

------

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
|  | Page |
| [PROSPECTUS](#protoc66690_1) | 1 |
| [DEFINITIONS](#protoc66690_2) | 6 |
| [IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CERTIFICATE](#protoc66690_3) | 10 |
| [FEE TABLE](#protoc66690_4) | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[TRANSACTION EXPENSES](#protoc66690_5) | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[ANNUAL CERTIFICATE EXPENSES](#protoc66690_6) | 14 |
| [PRINCIPAL RISKS OF INVESTING IN THE CERTIFICATE](#protoc66690_7) | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[RISK OF LOSS](#protoc66690_8) | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[SHORT-TERM INVESTMENT RISK](#protoc66690_9) | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[SUBACCOUNT RISK](#protoc66690_10) | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[WITHDRAWAL AND SURRENDER RISK](#protoc66690_11) | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[FIXED ACCOUNT TRANSFER RISK](#protoc66690_12) | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[FIXED ACCOUNT INTEREST RATE RISK](#protoc66690_13) | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[FINANCIAL STRENGTH AND CLAIMS-PAYING ABILITY RISK](#protoc66690_14) | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[BUSINESS DISRUPTION AND CYBERSECURITY RISK](#protoc66690_15) | 17 |
| [WOODMENLIFE](#protoc66690_16) | 17 |
| [INVESTMENT OPTIONS](#protoc66690_17) | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[SELECTION OF FUND SHARES](#protoc66690_18) | 19 |
| [ADDITION, DELETION OR SUBSTITUTION OF INVESTMENTS](#protoc66690_19) | 19 |
| [BENEFITS AVAILABLE UNDER THE CERTIFICATE](#protoc66690_20) | 20 |
| [YOUR CERTIFICATE](#protoc66690_21) | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[PURCHASING A CERTIFICATE](#protoc66690_22) | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[FREE LOOK PERIOD](#protoc66690_23) | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[ALLOCATING YOUR INITIAL PREMIUM](#protoc66690_24) | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[AUTOMATIC PREMIUM PAYMENTS](#protoc66690_25) | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[OWNER, ANNUITANT AND/OR PAYEE](#protoc66690_26) | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[BENEFICIARIES](#protoc66690_27) | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[YOUTH CERTIFICATES](#protoc66690_28) | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[TRANSFERRING OWNERSHIP](#protoc66690_29) | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[CERTIFICATES ISSUED FOR CERTAIN RETIREMENT PLANS](#protoc66690_30) | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[ACCUMULATION PERIOD](#protoc66690_31) | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[VALUING YOUR CERTIFICATE](#protoc66690_32) | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[VARIABLE ACCOUNT VALUATION](#protoc66690_33) | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[FIXED ACCOUNT VALUATION](#protoc66690_34) | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[DOLLAR COST AVERAGING PLAN](#protoc66690_35) | 26 |

---

#### Prospectus 3

------

---

| | |
|:---|:---|
|  | Page |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[TRANSFERS AMONG SUBACCOUNTS AND/OR THE FIXED ACCOUNT](#protoc66690_36) | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[ASSET REBALANCING PROGRAM](#protoc66690_37) | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[TELEPHONE TRANSACTIONS](#protoc66690_38) | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[MARKET TIMING](#protoc66690_39) | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[INTERNET TRANSACTIONS](#protoc66690_40) | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[ACCESS TO YOUR MONEY BEFORE YOUR ANNUITY STARTING DATE](#protoc66690_41) | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[SYSTEMATIC WITHDRAWALS](#protoc66690_42) | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[DEATH OF AN OWNER (NOT THE ANNUITANT) BEFORE THE ANNUITY STARTING DATE](#protoc66690_43) | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[DEATH OF AN ANNUITANT BEFORE THE ANNUITY STARTING DATE](#protoc66690_44) | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[CALCULATION AND DISTRIBUTION OF DEATH PROCEEDS](#protoc66690_45) | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[ANNUITY PERIOD](#protoc66690_46) | 33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[ANNUITY STARTING DATE](#protoc66690_47) | 33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[SETTLEMENT OPTION CONTRACTS](#protoc66690_48) | 33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[ANNUITY PAYMENT OPTIONS](#protoc66690_49) | 34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[DEATH OF OWNER/PAYEE AFTER THE ANNUITY STARTING DATE](#protoc66690_50) | 35 |
| [CERTIFICATE FEES AND CHARGES](#protoc66690_51) | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[SALES CHARGE ON PREMIUM PAYMENTS](#protoc66690_52) | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[CERTIFICATE FEE](#protoc66690_53) | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[SURRENDER CHARGE](#protoc66690_54) | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[10% FREE WITHDRAWAL](#protoc66690_55) | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[TAX PENALTIES](#protoc66690_56) | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[PREMIUM TAX CHARGE](#protoc66690_57) | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[OTHER TAXES](#protoc66690_58) | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[TRANSFER CHARGE](#protoc66690_59) | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[FUND EXPENSES AND CHARGES](#protoc66690_60) | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[MORTALITY & EXPENSE RISK CHARGE AND OUR RISKS](#protoc66690_61) | 37 |
| [GENERAL INFORMATION ABOUT THE CERTIFICATES](#protoc66690_62) | 38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[THE ENTIRE CONTRACT](#protoc66690_63) | 38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[GENDER NEUTRAL BENEFITS](#protoc66690_64) | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[VOTING RIGHTS](#protoc66690_65) | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[STATE VARIATIONS](#protoc66690_66) | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[SURPLUS REFUNDS AND ASSESSMENTS](#protoc66690_67) | 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[OUR REPORTS TO YOU](#protoc66690_68) | 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[DATE OF RECEIPT](#protoc66690_69) | 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[PAYMENT BY CHECK](#protoc66690_70) | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[POSTPONEMENT OF PAYMENTS AND TRANSACTIONS](#protoc66690_71) | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[QUESTIONS ABOUT YOUR CERTIFICATE](#protoc66690_72) | 41 |

---

#### Prospectus 4

------

---

| | |
|:---|:---|
|  | Page |
| [FEDERAL TAX MATTERS](#protoc66690_73) | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[INCOME TAXATION OF WOODMENLIFE](#protoc66690_74) | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[STATUS OF CERTIFICATES AS ANNUITIES](#protoc66690_75) | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[CERTIFICATES HELD BY NON-NATURAL PERSONS](#protoc66690_76) | 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[DIVERSIFICATION REQUIREMENTS](#protoc66690_77) | 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[OWNERSHIP TREATMENT](#protoc66690_78) | 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[DELAYED ANNUITY STARTING DATE](#protoc66690_79) | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[INCOME TAXATION OF ANNUITIES](#protoc66690_80) | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[TAX DEFERRAL DURING ACCUMULATION PERIOD](#protoc66690_81) | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[MEDICARE HOSPITAL INSURANCE TAX ON CERTAIN DISTRIBUTIONS](#protoc66690_82) | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[TAXATION OF WITHDRAWALS, ASSIGNMENTS AND PLEDGES](#protoc66690_83) | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[GRATUITOUS TRANSFERS](#protoc66690_84) | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[COMPLETE SURRENDER, REDEMPTION OR MATURITY](#protoc66690_85) | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[PENALTY TAX ON PREMATURE DISTRIBUTIONS](#protoc66690_86) | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[AGGREGATION OF CONTRACTS](#protoc66690_87) | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[TAXATION OF ANNUITY PAYMENTS](#protoc66690_88) | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[TAXATION OF CERTIFICATE BENEFITS AT DEATH](#protoc66690_89) | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[LOSS OF INTEREST DEDUCTION WHERE CERTIFICATES ARE HELD BY OR FOR THE BENEFIT OF CERTAIN NON-NATURAL PERSONS](#protoc66690_90) | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[POLICY EXCHANGES](#protoc66690_91) | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[QUALIFIED PLANS](#protoc66690_92) | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[QUALIFIED PLAN TYPES](#protoc66690_93) | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[ROLLOVER DISTRIBUTIONS](#protoc66690_94) | 52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[FEDERAL INCOME TAX WITHHOLDING](#protoc66690_95) | 53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[DEFINITION OF SPOUSE UNDER FEDERAL LAW](#protoc66690_96) | 53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[POSSIBLE TAX LAW CHANGES](#protoc66690_97) | 53 |
| [OTHER INFORMATION](#protoc66690_98) | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[RIGHTS RESERVED BY WOODMENLIFE](#protoc66690_99) | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[DISTRIBUTION ARRANGEMENTS](#protoc66690_100) | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[INFORMATION ON REPLACEMENTS](#protoc66690_101) | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[CERTIFICATE OWNER MAILINGS](#protoc66690_102) | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[LEGAL PROCEEDINGS](#protoc66690_103) | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[FINANCIAL STATEMENTS](#protoc66690_104) | 55 |
| [APPENDIX: INVESTMENT OPTIONS AVAILABLE UNDER THE CERTIFICATE](#protoc66690_105) | 56 |

---

#### Prospectus 5

------

FOR PURPOSES OF THIS PROSPECTUS, "WOODMENLIFE," "WE," "US" OR "OUR" MEANS WOODMEN OF THE WORLD LIFE INSURANCE SOCIETY, A FRATERNAL BENEFIT SOCIETY. "YOU" AND "YOUR" REFER TO THE OWNER(S) OF THE CERTIFICATE.

### DEFINITIONS
Account or Variable Account: WoodmenLife Variable Annuity Account, a separate investment account established under Nebraska law. The account is registered with the SEC as a unit investment trust pursuant to the Investment Company Act of 1940, as amended.

Accumulated Value: The value of your Certificate at any time before the annuity starting date, equal to the sum of the Variable Account Value and the Fixed Account Value.

Annuitant (annuitant): The person whose life determines the annuity benefits payable under the Certificate and whose death will result in payment of the death benefit. The annuitant is the benefit member of the fraternal benefit society.

Annuity Starting Date (annuity starting date): The date on which the annuity payments are to begin. After the first Certificate Anniversary, the owner may change the annuity starting date as desired. You may not defer the annuity starting date beyond the first of the month after the Certificate Anniversary on or following the annuitant's 95th birthday.

Beneficiary (beneficiary): The person (or persons) to whom we pay the death proceeds, i.e., the death benefit or Surrender Value, upon the death of the annuitant or owner, respectively.

Business Day (or Valuation Date): Each day the New York Stock Exchange is open for regular trading except during: (1) any period when trading on the New York Stock Exchange is restricted or the SEC determines that an emergency exists which makes it not reasonably practicable for a Fund or the Variable Account to dispose of securities it owns or to fairly determine the value of its net assets; or (2) such other periods as the SEC may permit for the protection of security holders of a Fund or the Variable Account. The New York Stock Exchange is regularly closed on Saturdays and Sundays and on New Year's Day, Martin Luther King Jr. Day, Presidents' Day, Good Friday, Memorial Day, Juneteenth National Independence Day, Independence Day, Labor Day, Thanksgiving and Christmas, and may be closed on other days in observance of such holidays.

Certificate: The individual Flexible Premium Deferred Variable Annuity Certificate we offer through this prospectus, including any endorsements or additional benefit riders or agreements, and our Articles of Incorporation, Constitution and Laws that are in force on the Effective Date.

Certificate Anniversary: The same calendar date in each Certificate Year as the Effective Date.

Certificate Year: The 12-month period beginning on the Effective Date or on a Certificate Anniversary and ending on the next Certificate Anniversary.

The Code: The Internal Revenue Code of 1986, as amended.

Death Benefit (death benefit): The amount we pay upon the death of the annuitant.

Due Proof of Death: Satisfactory documentation provided to us establishing proof of death. This documentation may include a certified copy of the death certificate; a certified copy of a court decree reciting a finding of death; or any other proof satisfactory to us.

#### Prospectus 6

------

Effective Date: The date designated in your Certificate that benefits begin.

Fixed Account (fixed account): Amounts allocated to the fixed account under the Certificate are part of our general account, which supports annuity and insurance obligations. Because of exemptive and exclusionary provisions of the federal securities laws, we have not registered interests in the fixed account under the Securities Act of 1933 nor have we registered the fixed account as an investment company under the Investment Company Act of 1940. Disclosures regarding the fixed account are subject to certain generally applicable provisions of the federal securities laws regarding the accuracy and completeness of prospectuses.

Fixed Account Value: The total value of your investment in the fixed account.

Funds: The mutual funds available under the Certificate. Each Fund corresponds to a subaccount of the Variable Account.

Good Order (good order): An instruction that is received by WoodmenLife that is sufficiently complete and clear, along with all forms, information and supporting legal documentation (including required spousal or joint owner's consents) so that WoodmenLife does not need to exercise any discretion to follow such instruction. All orders and requests under the Certificate (e.g., withdrawal, Surrender, transfer, death benefit claim) will not be deemed to be received by us, and will not be processed, unless and until they are received by us in good order.

Home Office: Our Home Office address is WoodmenLife, 1700 Farnam Street, Omaha, NE 68102. Our toll-free telephone number is 1-877-664-3332. Our website is www.woodmenlife.org.

Nonqualified Certificate: A Certificate that is not funding a tax-favored retirement plan.

Owner (owner): Person or persons entitled to exercise the Certificate's rights and privileges.

Payee (payee): The person named to receive payments under any settlement option contract issued whenever Certificate benefits are applied to a settlement option.

Qualified Certificate: A Certificate we issue in connection with plans that qualify for special federal income tax treatment including IRAs, Roth IRAs, SEP IRAs, SIMPLE IRAs, Section 403(b) Contracts, employer-sponsored tax-qualified retirement plans and other Qualified Plans.

Registered Representative: An individual who is licensed to sell securities.

Required Minimum Distribution (RMD): In general, a minimum amount that the IRS requires to be withdrawn from certain Qualified Certificates each year in accordance with Code Section 401(a)(9). RMDs generally must begin no later than the required beginning date as defined in Code Section 401(a)(9)(C)(i), which is April 1st of the calendar year after the calendar year during which the account holder reaches their applicable age as defined in Code Section 401(a)(9)(C)(v) (or in the case of certain workplace tax-qualified plans, the calendar year in which the employee retires, if later). If the individual attains (1) age 70<sup>1</sup>⁄2 before 2020, the applicable age is 70<sup>1</sup>⁄2; (2) age 72 during or after 2020 but before 2023, the applicable age is 72; (3) age 72 during or after 2023 and age 73 before 2033, the applicable age is 73; or (2) age 74 after 2032, the applicable age is 75. RMD rules also apply to death benefits. These rules are established by the IRS.

#### Prospectus 7

------

SEC: The Securities and Exchange Commission.

Subaccount (subaccount): A subdivision of the Variable Account. Each subaccount invests exclusively in the shares of a single Fund.

Subaccount Unit (subaccount unit or accumulation unit): A unit is used to value your interest in a subaccount.

Surrender: Termination of the Certificate in exchange for its Surrender Value, if any.

Surrender Value: The Accumulated Value, less applicable surrender charges and Certificate fees, you would receive if you Surrender a Certificate after your free look has expired, or that is paid on the death of an owner who is not the annuitant, or after electing certain settlement options.

Valuation Period: The period of time from the end of one Valuation Date to the end of the next Valuation Date.

Variable Account Value: The total value of your investment in the Variable Account.

Withdrawal (withdrawal): A withdrawal of only a portion of the Certificate's Surrender Value.

### OVERVIEW OF THE CERTIFICATE

#### PURPOSE OF THE CERTIFICATE
The Certificate described in this prospectus is an individual flexible premium deferred variable annuity issued by WoodmenLife, a Nebraska non-profit fraternal benefit society. Under the Certificate, you can accumulate assets on a tax-deferred basis by allocating money to the Certificate's investment options. You can later convert your accumulated assets into a stream of income payments from us. The Certificate also includes a death benefit that helps to financially protect your named beneficiaries.

The Certificate is intended to be a retirement savings vehicle that offers a variety of investment options to help meet long-term financial goals. The Certificate may be appropriate for you if you have a long investment time horizon and your financial goals are consistent with the terms and conditions of the Certificate. The Certificate is not appropriate for you if you intend to make frequent withdrawals due to your liquidity needs, or if you intend to frequently trade in the subaccounts.

#### PHASES OF THE CERTIFICATE
The Certificate has two phases: (1) the accumulation period (for accumulating assets) and (2) the annuity period (for regular income).

Accumulation Period. During the accumulation period, you invest your premiums and Accumulated Value in one or more of the Certificate's investment options. The Certificate's investment options include:

• Subaccounts. Each subaccount of the Variable Account invests exclusively in shares of a single Fund. Each Fund has its own investment objectives, strategies, risks, expenses, and performance history. The value of your Certificate may increase or decrease depending on the performance of the subaccounts you select.

#### Prospectus 8

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• Fixed Account. We guarantee principal and interest on amounts allocated to the fixed account.

Additional information about each investment option is provided in the appendix to this prospectus. See Appendix: Investment Options Available Under the Certificate.

Annuity Period. The annuity period begins on the annuity starting date. During the annuity period, you or another payee will receive a stream of annuity payments from us. The value of your annuity payments will depend on the amount of assets you annuitize and the annuity payment option you select. Currently, we offer payment options only on a fixed basis, meaning that your annuity payments will not vary with the performance of the Variable Account. Depending on the annuity payment option you select, we will make annuity payments either for life, for a fixed period of years, or until a fixed amount has been paid. Surrender charges may apply upon annuitization depending on the annuity payment option you select. You will be unable to take withdrawals or a Surrender during the annuity period. The death benefit and all other Certificate benefits from the accumulation period terminate at the beginning of the annuity period. No amounts will be payable upon death during the annuity period unless your selected annuity payment option provides otherwise.

#### CERTIFICATE FEATURES
Flexibility in Premiums. You may purchase a Certificate for as little as $2,000 (or $1,000 for a Qualified Certificate). You decide whether to make additional premium payments. There are certain circumstances in which you may not have to provide an initial premium payment to establish your Certificate. These circumstances include an eligible employer-sponsored retirement plan. You may make additional premium payments of as little as $250 ($50 if you set up monthly automatic premium payments).

Death Benefit. The Certificate includes a death benefit at no additional charge. The death benefit is paid to the beneficiary if the annuitant dies before the annuity starting date. The death benefit amount will be the greater of the Certificate's Accumulated Value or the minimum death benefit amount. The minimum death benefit amount is equal to the sum of premiums paid accumulated at an annual rate of 4%, and is reduced proportionately by any withdrawals. Withdrawals may affect the availability of the death benefit by reducing the death benefit by an amount greater than the value withdrawn.

Access to Your Money. You may take withdrawals or a Surrender during the accumulation period. Such distributions may be subject to surrender charges and state and federal income taxes, as described in this prospectus. If you take a withdrawal or Surrender before attaining age 59<sup>1</sup>⁄2, you may be subject to a 10% premature distribution federal income tax penalty in addition to any state and federal income taxes you may owe.

Transfers Between Investment Options. During the accumulation period, you may transfer Accumulated Value among the subaccounts and from the subaccounts to the fixed account. The first 12 transfers will be free of charge. Each additional transfer will result in a $25 charge. You may also make transfers from the fixed account to the subaccounts. However, there are significant limits on such transfers. You may make one transfer, limited to the greater of $500 or 25% of the Fixed Account Value at the time of the transfer, from the fixed account into the subaccounts each Certificate Year.

Tax Deferral. Generally, there will be no federal income tax payable on increases in Accumulated Value until there is a distribution. All amounts includable in income with respect to the Certificate are taxed as ordinary income. There may be tax penalties if you take a distribution before reaching age 59<sup>1</sup>⁄2.

#### Prospectus 9

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Other Features. The Certificate has other features that are available at no additional charge.

• Free Withdrawal Amount (surrender charge waiver). Each Certificate Year, you can withdraw, without incurring a surrender charge, up to 10% of the Accumulated Value existing at the time you made the first withdrawal in that Certificate Year.

• Dollar Cost Averaging Plan. This feature allows you to make regular, automatic transfers from the money market subaccount to other subaccounts, subject to certain restrictions.

• Asset Rebalancing Program. This feature allows you to automatically reallocate your Variable Account Value on a periodic basis to maintain a particular percentage allocation.

• Systematic Withdrawals. This feature allows you to take automatic withdrawals from your Certificate on a regular basis. Systematic withdrawals may be subject to surrender charges and state and federal income taxes.

### IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CERTIFICATE

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;FEES, EXPENSES, AND ADJUSTMENTS | &nbsp;&nbsp;&nbsp;FEES, EXPENSES, AND ADJUSTMENTS | Location in<br>Prospectus |
| &nbsp;&nbsp;&nbsp;Are There Charges or Adjustments for Early Withdrawals? | Yes. The charge for an early withdrawal or Surrender under your Certificate will depend on the age of the annuitant on the Certificate issue date.<br>Age 0 – 60. If you withdraw money from your Certificate within 7 years following your last premium payment, you will be assessed a surrender charge of up to 7% of the premium payment withdrawn. For example, if you invest $100,000 in the Certificate and make an early withdrawal or Surrender, you could pay a surrender charge of up to $7,000.<br>Age 61 – 75. If you withdraw money from your Certificate within 6 years following your last premium payment, you will be assessed a surrender charge of up to 6% of the premium payment withdrawn. For example, if you invest $100,000 in the Certificate and make an early withdrawal or Surrender, you could pay a surrender charge of up to $6,000.<br>Age 76 – 85. If you withdraw money from your Certificate within 5 years following your last premium payment, you will be assessed a surrender charge of up to 5% of the premium payment withdrawn. For example, if you invest $100,000 in the Certificate and make an early withdrawal or Surrender, you could pay a surrender charge of up to $5,000.<br>Any losses due to surrender charges will be greater if you also have to pay taxes or tax penalties. | Fee Table<br>Certificate Fees and Charges – Surrender Charge |

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#### Prospectus 10

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Are There Transaction Charges? | Yes. In addition to surrender charges, you may also be charged for other transactions under the Certificate. You will be charged $25 for each transfer from a subaccount in excess of 12 subaccount transfers in any single Certificate Year. | Fee Table<br>Certificate Fees and Charges<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Are There Ongoing Fees and Expenses? | Yes. The table below describes the fees and expenses that you may pay each year, depending on the investment options you choose. Please refer to your Certificate specifications page for information about the specific fees you will pay each year based on the options you have elected. | Yes. The table below describes the fees and expenses that you may pay each year, depending on the investment options you choose. Please refer to your Certificate specifications page for information about the specific fees you will pay each year based on the options you have elected. | Yes. The table below describes the fees and expenses that you may pay each year, depending on the investment options you choose. Please refer to your Certificate specifications page for information about the specific fees you will pay each year based on the options you have elected. | Fee Table<br>Certificate Fees and Charges<br>Appendix – Investment Options Available Under the Certificate |
|  | Annual Fee | Minimum | Maximum | Fee Table<br>Certificate Fees and Charges<br>Appendix – Investment Options Available Under the Certificate |
|  | Base Contract<sup>1</sup> | 1.26% | 1.26% |  |
|  | Fund fees and expenses<sup>2</sup> | 0.35% | 1.39% |  |
|  | <sup>1</sup> As a percentage of the average daily net asset value of the Variable Account, as well as an amount attributable to the annual certificate fee.<br><sup>2</sup> As a percentage of Fund net assets.<br>Because your Certificate is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Certificate, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the Certificate, which could add surrender charges that substantially increase costs. | <sup>1</sup> As a percentage of the average daily net asset value of the Variable Account, as well as an amount attributable to the annual certificate fee.<br><sup>2</sup> As a percentage of Fund net assets.<br>Because your Certificate is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Certificate, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the Certificate, which could add surrender charges that substantially increase costs. | <sup>1</sup> As a percentage of the average daily net asset value of the Variable Account, as well as an amount attributable to the annual certificate fee.<br><sup>2</sup> As a percentage of Fund net assets.<br>Because your Certificate is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Certificate, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the Certificate, which could add surrender charges that substantially increase costs. |  |

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| | |
|:---|:---|
| Lowest Annual Cost:<br>$[1,498] | Highest Annual Cost:<br>$[2,332] |
| &nbsp;&nbsp;&nbsp;&nbsp;Assumes:<br>• Investment of $100,000<br>• 5% annual appreciation<br>• Least expensive Fund fees and expenses<br>• No sales charges<br>• No additional premium payments, transfers or withdrawals<br>| &nbsp;&nbsp;&nbsp;&nbsp;Assumes:<br>• Investment of $100,000<br>• 5% annual appreciation<br>• Most expensive Fund fees and expenses<br>• No sales charges<br>• No additional premium payments, transfers or withdrawals |

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#### Prospectus 11

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;RISKS | &nbsp;&nbsp;&nbsp;RISKS | Location in Prospectus |
| &nbsp;&nbsp;&nbsp;Is There a Risk of Loss from Poor Performance? | Yes. You can lose money by investing in this Certificate, including loss of your principal investment and previous earnings. | Principal Risks of Investing in the Certificate |
| &nbsp;&nbsp;&nbsp;Is This a Short-Term Investment? | No.<br>• The Certificate is not a short-term investment and is not appropriate for an investor who needs ready access to cash.<br>• The Certificate's tax deferral and long-term income features are generally more beneficial to investors with a long-time horizon.<br>• Surrender charges may apply to a withdrawal or Surrender for several years, and when applied may significantly reduce the value of your investment.<br>• A withdrawal or Surrender may be subject to income taxes, including a 10% federal penalty tax if taken before age 59<sup>1</sup>⁄2. |  |
| &nbsp;&nbsp;&nbsp;What Are the Risks Associated with the Investment Options? | An investment in the Certificate is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Certificate (e.g., the Funds). Each investment option (including the fixed account) has its own unique risks. You should review the available investment options before making an investment decision. |  |
| &nbsp;&nbsp;&nbsp;What Are the Risks Related to the Insurance Company? | An investment in the Certificate is subject to the risks related to WoodmenLife. Any obligations (including under the fixed account) guarantees, or benefits of the Certificate are subject to the claims-paying ability of WoodmenLife. More information about WoodmenLife, including its financial strength ratings, is available upon request by calling 1-877-664-3332. |  |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;RESTRICTIONS | &nbsp;&nbsp;&nbsp;RESTRICTIONS | Location in Prospectus |
| &nbsp;&nbsp;&nbsp;Are There Restrictions on the Investment Options? | Yes.<br>• There are no restrictions that limit your choice of available investment options under your Certificate; however, there are limitations related to transfers among the investment options.<br>• The first 12 transfers among the subaccounts, or from the subaccounts to the fixed account, each Certificate Year are free of charge. Each additional transfer is subject to a charge. | Your Certificate – Transfers Among Subaccounts and/or the Fixed Account; Market Timing Investment Options<br>Addition, Deletion or Substitution of Investments<br>|

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#### Prospectus 12

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| | | |
|:---|:---|:---|
|  | <br>• Transfers involving the subaccounts are subject to additional restrictions designed to prevent frequent or disruptive trading.<br>• There are significant limits on your right to make transfers from the fixed account to the subaccounts.<br>• We reserve the right to remove or substitute Funds as investment options. |  |
| &nbsp;&nbsp;&nbsp;Are There Any Restrictions on Contract Benefits? | Yes.<br>• Withdrawals may affect the availability of the death benefit by reducing the death benefit by an amount greater than the value withdrawn.<br>• Except as otherwise provided, Certificate benefits may not be modified or terminated by us. | Benefits Available Under the Certificate<br>Your Certificate – Death of Annuitant Before the Annuity Starting Date<br>|
| &nbsp;&nbsp;&nbsp;TAXES | &nbsp;&nbsp;&nbsp;TAXES | Location in Prospectus |
| &nbsp;&nbsp;&nbsp;What Are the Contract's Tax Implications? | • You should consult with a tax professional to determine the tax implications of an investment in and payments received under the Certificate.<br>• If you purchase the Certificate through a tax-qualified plan or individual retirement account (IRA), there is no additional tax benefit from the Certificate.<br>• A withdrawal or Surrender will be subject to ordinary income tax, and may be subject to tax penalties if taken before age 59<sup>1</sup>⁄2. | Federal Tax Matters |
| &nbsp;&nbsp;&nbsp;CONFLICTS OF INTEREST | &nbsp;&nbsp;&nbsp;CONFLICTS OF INTEREST | Location in Prospectus |
| &nbsp;&nbsp;&nbsp;How Are Investment Professionals Compensated? | Your investment professional may receive compensation for selling the Certificate to you in the form of commissions, additional cash compensation (e.g., pension/retirement programs and allowances), and non-cash compensation. Your investment professional may have a financial incentive to offer or recommend the Certificate to you over another investment. | Other Information – Distribution Arrangements |
| &nbsp;&nbsp;&nbsp;Should I Exchange My Contract? | Some investment professionals may have a financial incentive to offer you a new contract in place of the one you already own. You should only exchange your existing contract if you determine, after comparing the features, fees and risks of both contracts, and any fees or penalties to terminate the existing contract, that it is preferable for you to purchase the new contract rather than continue to own your existing contract. | Other Information – Information on Replacements |

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#### Prospectus 13

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### FEE TABLE
**The following tables describe the fees and expenses that you will pay when buying, owning and Surrendering or making withdrawals from an investment option or from the Certificate. Please refer to your Certificate specifications page for information about the specific fees you will pay each year based on the options you have elected.** 

**The first table describes the fees and expenses you will pay at the time that you buy the Certificate, Surrender or make withdrawals from an investment option or from the Certificate, or transfer Accumulated Value between the investment options. State premium taxes may also be deducted.** 

#### TRANSACTION EXPENSES

#### Surrender Charge <sup>1</sup>
(as a percentage of premium payments withdrawn)

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuitant Age on Certificate Issue Date 0 – 60 | 7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuitant Age on Certificate Issue Date 61 – 75 | 6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuitant Age on Certificate Issue Date 76 – 85 | 5% |
| Transfer Fee | $25 |
| (per subaccount transfer in excess of 12 subaccount transfers in a Certificate Year) |  |

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| | |
|:---|:---|
| 1 | Surrender charges may apply to any withdrawal or a Surrender during the accumulation period, or to amounts applied to annuity payment Options 3 or 4 upon annuitization. The surrender charge declines by 1% each year following your last premium payment until it reaches 0%. The surrender charge percentage is determined by the following schedule:  |

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| | | | |
|:---|:---|:---|:---|
| Premium<br>Year | Annuitant Age on Certificate Issue Date | Annuitant Age on Certificate Issue Date | Annuitant Age on Certificate Issue Date |
|  | 0 – 60<sup>\*</sup> | 61 – 75 | 76 – 85 |
| 1 | 7% | 6% | 5% |
| 2 | 6% | 5% | 4% |
| 3 | 5% | 4% | 3% |
| 4 | 4% | 3% | 2% |
| 5 | 3% | 2% | 1% |
| 6 | 2% | 1% |  |
| 7 | 1% |  |  |
| 8 or more |  |  |  |

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\* Applies to all ages in Connecticut.

The next table describes the fees and expenses that you will pay each year during the time that you own the Certificate (not including Fund fees and expenses).

#### ANNUAL CERTIFICATE EXPENSES

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| | |
|:---|:---|
| Administrative Expenses<sup>1</sup> | $45 (Current: $30) |
| Base Contract Expenses<sup>2</sup> | 1.40% (Current: 1.25%) |
| (as a percentage of average daily net asset value of the Variable Account) |  |

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| | |
|:---|:---|
| 1 | This fee is referred to as the annual "certificate fee" elsewhere in this prospectus. This fee applies only to Certificates with a Variable Account Value of less than $50,000 at the time of deduction.  |

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2 This fee is referred to as the "mortality and expense risk charge" elsewhere in this prospectus.

#### Prospectus 14

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**The next table shows the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time that you own the Certificate. Expenses shown may change over time and may be higher or lower in the future. A complete list of Funds available under the Certificate, including their annual expenses, may be found at the back of this document in the Appendix.** 

#### ANNUAL FUND EXPENSES

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| | | |
|:---|:---|:---|
|  | Minimum | Maximum |
| (expenses that are deducted from Fund assets, including management | 0.35% | 1.39% |
| fees, distribution and/or service (12b-1) fees, and other expenses) |  |  |

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#### EXAMPLE
**This Example is intended to help you compare the cost of investing in the variable options of the Certificate with the cost of investing in other annuity contracts that offer variable options. These costs include Transaction Expenses, Annual Certificate Expenses, and Annual Fund Expenses.** 

**The Example assumes all Accumulated Value is allocated to the variable options. Your costs could differ from those shown below if you invest in the fixed account.** 

**The Example assumes that you invest $100,000 in the variable options of the Certificate for the time periods indicated. The Example also assumes that your investment has a 5% return each year and assumes the most expensive surrender charge schedule and Annual Fund Expenses. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:** 

(1) If you Surrender your Certificate at the end of the applicable time period:

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| | | | |
|:---|:---|:---|:---|
| 1 year | 3 years | 5 years | 10 years |
| $9140 | $13208 | $17537 | $31327 |

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(2) If you annuitize your Certificate under Option 3 or 4 at the end of the applicable time period:

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| | | | |
|:---|:---|:---|:---|
| 1 year | 3 years | 5 years | 10 years |
| $9140 | $8696 | $14825 | $31282 |

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(3) If you annuitize your Certificate under Option 1 or 2 at the end of the a pplicable time peri od or do not Surrender your Certificate:

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| | | | |
|:---|:---|:---|:---|
| 1 year | 3 years | 5 years | 10 years |
| $2810 | $8696 | $14825 | $31282 |

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### PRINCIPAL RISKS OF INVESTING IN THE CERTIFICATE

#### RISK OF LOSS
You can lose money by investing in this Certificate, including loss of your principal investment and previous earnings. The Certificate is not a deposit with, obligation of or guaranteed by a bank, nor is it federally insured by the Federal Deposit Insurance Corporation (FDIC) or any other governmental agency.

#### Prospectus 15

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#### SHORT-TERM INVESTMENT RISK
The Certificate is unsuitable as a short-term savings vehicle. It is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Surrender charges may apply for several years after each premium payment and may significantly reduce the Surrender Value of your Certificate. You should also consider that tax deferral and long-term income are generally more beneficial to investors with a long time horizon.

#### SUBACCOUNT RISK
Amounts allocated to the subaccounts are subject to the risk of poor investment performance. Generally, if the subaccounts you select make money, your Accumulated Value goes up. If they lose money, your Accumulated Value goes down. Each subaccount's performance depends on the performance of its underlying Fund. Each Fund has its own investment risks, and you are exposed to a Fund's investment risks when you invest in the corresponding subaccount. Even a subaccount investing in a money market fund may have negative returns, particularly due to the fees and charges deducted at the subaccount level. We make no guarantee as to the value of any subaccount. You bear all of the investment risk. There is no assurance that any Fund will meet its stated objective. We reserve the right to add, remove or substitute Funds as investment options under the Certificate.

#### WITHDRAWAL AND SURRENDER RISK
You may take a withdrawal or Surrender during the accumulation period. Such distributions may be subject to state and federal income taxes and significant surrender charges. If you take a withdrawal or Surrender before attaining age 59<sup>1</sup>⁄2, you may be subject to a 10% premature distribution federal income tax penalty in addition to any state and federal income taxes you may owe. A Surrender will terminate the Certificate and all of its benefits, including the death benefit. Withdrawals will reduce the value of your Certificate and the death benefit. Withdrawals could result in a reduction to the death benefit that is greater than the amount withdrawn. Taking systematic withdrawals from your Certificate may repeatedly expose you to the charges and risks associated with withdrawals.

#### FIXED ACCOUNT TRANSFER RISK
Transfers of Accumulated Value from the fixed account to the subaccounts are subject to significant limitations. You may only make one transfer, limited to the greater of $500 or 25% of the Fixed Account Value at the time of the transfer, from the fixed account into the subaccounts each Certificate Year. These restrictions may prolong the period of time it takes to transfer your Accumulated Value in the fixed account to the subaccounts. You should carefully consider whether investment in the fixed account meets your needs and investment criteria.

#### FIXED ACCOUNT INTEREST RATE RISK
We guarantee that the effective annual interest rate that applies to the fixed account each month shall be at least 1% or, if greater, the minimum rate required by state law. We may declare higher interest rates at our discretion. You bear the risk that interest credited on the Fixed Account Value may not exceed the guaranteed minimum interest rate.

#### Prospectus 16

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#### FINANCIAL STRENGTH AND CLAIMS-PAYING ABILITY RISK
All guarantees and obligations under the Certificate, including the death benefit, annuity payments, and amounts allocated to the fixed account, are subject to our financial strength and claims-paying ability. If we experience financial distress, we may not be able to meet our obligations to you. If there is a serious concern with our financial strength and claims-paying ability, you (as a member of WoodmenLife) may be subject to an assessment. You could satisfy an assessment by either making a payment to WoodmenLife or electing an equivalent reduction to your Fixed Account Value, death benefit, or annuity payments, as applicable. See "Surplus Refunds and Assessments" for more information.

#### BUSINESS DISRUPTION AND CYBERSECURITY RISK
Our business is highly dependent upon the secure and effective operation of our computer systems and those of our business partners and service providers. As a result, systems failures and cybersecurity incidents may adversely impact our ability to administer your Certificate. For instance, such events may severely impede our ability to process Certificate transactions, calculate subaccount unit values or other Certificate values, or safeguard confidential customer or business information. Such events could subject us to regulatory fines, litigation, and financial losses, and/or cause reputational damage. Such events may also impact the Funds, or the issuers of securities in which the Funds invest, which may cause the Funds underlying your Certificate to lose value. Financial services companies, such as us, and their service providers are increasingly the targets of cyberattacks. The techniques used to attack systems and networks evolve rapidly and are becoming more sophisticated (e.g., through the use of artificial intelligence). While we take significant efforts to protect our systems and data, there can be no assurance that systems disruptions and cybersecurity incidents will always be detected, prevented, or avoided in the future.

We are also exposed to risks related to natural and man-made disasters or other severe events, such as storms, fires, earthquakes, public health crises, geo-political disputes, and military and terrorist acts. Such disasters and events could impair our ability to operate effectively, and could impair our ability to process Certificate transactions, calculate subaccount unit values or other Certificate values, or otherwise administer the Certificate. Additionally, we outsource certain critical business functions to third parties, and we rely upon the successful implementation and execution of the cybersecurity and business continuity planning of such entities. Successful implementation and execution of their policies and procedures are largely beyond our control. If one or more of the third parties to whom we outsource such critical business functions experiences operational impairment, our ability to administer the Certificates could also be impaired.

### WOODMENLIFE
Our organization's legal name is Woodmen of the World Life Insurance Society, and our Home Office is located at 1700 Farnam Street, Omaha, NE 68102. WoodmenLife, founded in Nebraska in 1890, is a fraternal benefit society incorporated under the laws of the state of Nebraska, without capital stock and conducting business solely for the benefit of our members and their beneficiaries and not for profit.

WoodmenLife operates on the lodge system based on chapters and has a representative form of government. WoodmenLife currently has approximately 610,000 members and 795 chapters. In addition to providing fraternal benefits to our members we offer individual life insurance and annuity Certificates in every state (except New York) and the District of Columbia. On August 1, 2001, we established the

#### Prospectus 17

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Woodmen Variable Annuity Account pursuant to the laws of the State of Nebraska. This account is registered with the SEC as a unit investment trust under the Investment Company Act of 1940, as amended ("1940 Act"). On June 1, 2015, we changed the name of the Woodmen Variable Annuity Account to its current name, the "WoodmenLife Variable Annuity Account," to match the new service mark.

We legally own the Variable Account's assets but we cannot charge the Account with any debts or liabilities arising out of any other business we may conduct other than those arising from the Certificates. Income, gains, and losses credited to, or charged against, the Variable Account reflect the Variable Account's own investment experience and not the investment experience of WoodmenLife's other assets. We are obligated to pay all amounts promised to Certificate owners under the Certificates.

Our general account holds the assets of WoodmenLife that are not held in the Variable Account. Our general account supports our obligations that are not supported by the Variable Account or that exceed the assets of the Variable Account, including death benefits, annuity payments, and amounts held in and credited to the fixed account. Our ability to meet these obligations is subject to our financial strength and claims-paying ability.

### INVESTMENT OPTIONS
In addition to the fixed account, we currently have several subaccounts available, each of which invests exclusively in shares of a single corresponding Fund. Premium payments and Accumulated Value allocated to the subaccounts will vary based on the investment experience of the corresponding Fund in which the subaccount invests. There is a risk of loss of the entire amount invested. Each of the Funds was formed for use in insurance company separate accounts, and is registered with the SEC as an open-end management investment company or a series thereof. Each Fund has its own investment objective, risks and expenses that impact its respective income and losses. The investment objectives and policies of certain Funds may be similar to the investment objectives and policies of other mutual fund portfolios that share a similar name, investment adviser or investment sub-adviser. The investment results of the Fund, however, may be higher, lower and/or unrelated to those mutual funds with shared characteristics.

**Information regarding each Fund, including its (i) name, (ii) investment objective, (iii) investment adviser and any sub-investment adviser, (iv) current expenses, and (v) performance is available in the Appendix to this prospectus. See "Appendix: Investment Options Available Under the Certificate." Each Fund has issued a prospectus that contains more detailed information about the Fund. The Funds' prospectuses should be read carefully in conjunction with this prospectus. You may obtain paper or electronic copies of the Fund prospectuses by calling 1-877-664-3332, mailing WoodmenLife, 1700 Farnam Street, Omaha, NE 68102, or emailing WFSOperationsTeam@woodmenlife.org.** 

The Funds currently sell shares:

(a) to separate accounts supporting both variable life insurance policies and variable annuity contracts ("mixed funding"); and

(b) to the Variable Account and to separate accounts of insurance companies that are not affiliated with us, as well as to qualified retirement plans ("shared funding").

#### Prospectus 18

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We do not believe that there are any actual or reasonably foreseeable conflicts arising from mixed and shared funding at this time. However, we will always try to identify any material conflicts that might possibly arise. In that event, we would determine what action, if any, should be taken in response to the conflict. In addition, if we believe that a Fund's response to any of those events or conflicts insufficiently protects you, we may take action on our own.

### SELECTION OF FUND SHARES
The Funds offered through the Certificates are selected by WoodmenLife. We review the Funds periodically and may remove a Fund or limit its availability to new premiums and/or transfers of Accumulated Value if we determine that a Fund no longer satisfies one or more of the selection criteria, and/or if the Fund has not attracted significant allocations from Certificate owners. WoodmenLife may consider various factors, including, but not limited to, asset class coverage, the alignment of the investment objectives of a Fund with our hedging strategy, the strength of an adviser's or sub-adviser's reputation and tenure, brand recognition, and the capability and qualification of each investment firm.

Another factor that we may consider is whether the Fund or its service providers (e.g., the investment adviser or sub-advisers) or its affiliates will make payments to us or our affiliates in connection with certain administrative, marketing, and support services, or whether affiliates of the Fund can provide marketing and distribution support for the sale of the Certificates. Accordingly, we may receive compensation from an investment adviser, distributor and/or affiliate(s) of one or more of the Funds based upon an annual percentage of the average assets we hold in the investment options. These amounts, which may vary by adviser or Fund, are intended to compensate us for administrative and other services we provide to the Funds and/or affiliate(s) and may be significant. In addition, Woodmen Financial Services, Inc., the principal underwriter of the Certificates, or WoodmenLife may receive 12b-1 fees (fees which may be levied against a mutual fund's net assets and may be used to pay marketing and shareholder servicing expenses of the fund) deducted from certain portfolio assets attributable to the Certificate for providing distribution and shareholder support services to some investment options.

### ADDITION, DELETION OR SUBSTITUTION OF INVESTMENTS
We reserve the right, subject to compliance with applicable law, to make additions to, deletions from or substitutions for the shares that are held in the Account or that the Account may purchase. We reserve the right to eliminate the shares of any investment option and to substitute any shares of another investment option. We also may substitute shares of Funds with fees and expenses that are different from the Funds.

We will not substitute any shares attributable to your Certificate without notice and complying with applicable laws.

We also reserve the right to establish additional subaccounts of the Variable Account, each of which would invest in a new Fund or in shares of another investment company with a specified investment objective. We may limit the availability of any new investment option to certain classes of purchasers. We may establish new subaccounts when, in our sole discretion, marketing needs or investment conditions warrant, and we may make any new subaccounts available to you. We may also eliminate one or more subaccounts if, in our sole discretion, marketing, tax, regulatory requirements or investment conditions warrant.

#### Prospectus 19

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In the event of any such substitution, deletion or change, we may make appropriate changes to the Certificates. If you allocated all or a portion of your premiums to any of the current subaccounts that are being substituted for or deleted, you may Surrender the portion of your Accumulated Value funded by such subaccount without paying the associated surrender charge, although you may still be subject to taxes and tax penalties. You may also transfer the portion of the Accumulated Value affected without paying any otherwise applicable transfer charge.

### BENEFITS AVAILABLE UNDER THE CERTIFICATE

#### The following table summarizes information about the benefits available under the Certificate.

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| | | |
|:---|:---|:---|
| Standard Benefits<br>(No Additional Charge) | Standard Benefits<br>(No Additional Charge) | Standard Benefits<br>(No Additional Charge) |
| Name of<br>Benefit | Purpose | Brief Description of Restrictions/Limitations |
| Death Benefit | Provides for a cash benefit that becomes payable to the beneficiary if the annuitant dies prior to the annuity starting date. | • Only available during the accumulation period.<br>• Withdrawals may significantly reduce the benefit, including by more than the amount withdrawn.<br>• Minimum death benefit amount is limited to 200% of the total premiums paid, reduced proportionately by any withdrawals.<br>• Minimum death benefit accumulation rate will no longer apply following the Certificate Anniversary after the annuitant reaches age 80.<br>|
| Dollar Cost Averaging Plan | Allows you to make regular, automatic transfers from the money market subaccount to other subaccounts. | • Only available during the accumulation period.<br>• Not available for the fixed account.<br>|
| Asset Rebalancing Program | Allows you to automatically reallocate your Variable Account Value on a periodic basis to maintain a particular percentage allocation. | • Only available during the accumulation period.<br>• Program rebalancing may only occur annually, semi-annually or quarterly.<br>• Not available for the fixed account.<br>|
| Systematic Withdrawals | Allows you to take automatic withdrawals from your Certificate on a regular basis. | • Only available during the accumulation period.<br>• Program withdrawals reduce Certificate value and the death benefit, perhaps significantly.<br>• Program withdrawals may be subject to surrender charges, income taxes, and tax penalties.<br>|
| Free Withdrawal Amount | Allows you to withdraw up to 10% of Accumulated Value each Certificate Year without a surrender charge. | • Only available during the accumulation period.<br>• No carry forward of unused withdrawal amounts to future Certificate Years.<br>• Free withdrawals may still be subject to taxes<br>|

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### YOUR CERTIFICATE

#### PURCHASING A CERTIFICATE
Your Certificate is an individual flexible premium deferred variable annuity. It provides you with a way to save for retirement or some other long-term goal on a tax-deferred basis. We offer the Certificate to members and people who are eligible for membership. An individual becomes a member by joining our shared commitment to family, community, and country, and by purchasing a WoodmenLife product, including any of our insurance, retirement planning, and investment products. Additional information about membership is available on our website, www.woodmenlife.org.

You may apply for a Certificate by completing and submitting an application available through your securities licensed WoodmenLife Registered Representative. We do not issue joint Certificates (joint annuitants) or group Certificates. However, we may issue a Certificate with a single annuitant that is jointly owned.

We may issue your Certificate as a nonqualified annuity. We may also issue your annuity as a qualified annuity that funds a retirement plan such as workplace retirement plans that are tax-qualified or otherwise subject to tax-favored treatment (e.g., 401(a) plans, 403(b) plans, 457(b) plans), an Individual Retirement Annuity (IRA); a Roth Individual Retirement Annuity (Roth IRA); a Simplified Employee Pension Plan (SEP-IRA); or an annuity for a Savings Incentive Match Plan for Employees (SIMPLE-IRA). Retirement plans such as these already provide you with the tax-deferral benefits provided by an annuity.

You must give us, or arrange to have sent to us, a single premium payment of at least $2,000 (or $1,000 for a qualified annuity) along with your application. We reserve the right to accept or decline an application for any reason permitted or required by law. If the application is complete and accompanied by the initial premium payment, we will allocate the initial premium payment as described in the next paragraphs within two business days of receiving such payment. If we do not receive the necessary application information, we will retain the initial premium payment for up to five business days while we attempt to obtain the necessary application information. If the application is not complete after five business days, we will inform you of the reason for the delay and return the initial premium payment immediately unless you specifically consent to us retaining it until the application is complete. Once the application is complete, we will allocate the initial premium payment as set forth below within two business days.

The minimum amount we will accept for subsequent premiums is $250. We may accept $50 if you set up a monthly automatic premium payment (see "Automatic Premium Payments"). We may waive the minimum amount for subsequent premiums for certain Qualified Certificates or for certain methods of collecting premiums. Initial premium payments over $2,000,000 require our prior approval, as do subsequent annual premium payments over $50,000. There are certain circumstances in which you may not have to provide an initial premium to establish your Certificate. These circumstances include an eligible employer-sponsored retirement plan.

#### FREE LOOK PERIOD
Your Certificate provides a "free look" period of at least ten (10) days after you receive your Certificate, unless a longer period of time is required by state law. If you do decide to cancel your Certificate during this period, you must deliver or mail the Certificate, along with a request to cancel,

#### Prospectus 21

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to us at the Home Office or return the Certificate and your written request to cancel to the Registered Representative who delivered it to you. Upon cancellation, the Certificate will be void as of the Effective Date and we will promptly refund your Certificate's Accumulated Value (or your premiums, if greater) as of the date we receive your cancellation, in good order, at our Home Office. However, if your Certificate is an IRA and you decide to cancel it within seven (7) days from the receipt of your IRA disclosure, but after your free look has expired, we may refund your premium less any prior withdrawals.

#### ALLOCATING YOUR INITIAL PREMIUM
During all or part of your "free look" period, all of your initial premium will be allocated to the government money market subaccount. If the "free look" period for your Certificate is fifteen (15) calendar days or fewer, you will be fully invested in the government money market subaccount for the entire "free look" period. If the "free look" period for your Certificate is longer than 15 calendar days, after the end of 15 calendar days from the Effective Date, we will allocate the Accumulated Value of your Certificate to the subaccount(s) and/or fixed account according to your original allocation instructions.

#### AUTOMATIC PREMIUM PAYMENTS
You may make regularly scheduled premium payments through an automatic deduction from your savings or checking account to the subaccount(s) or fixed account you select. The minimum amount we will accept for subsequent premiums if you set up monthly automatic payments is $50. You may set up the automatic payments at the time of your application or later by contacting us at the Home Office. When you set up automatic premium payments, you may select the date you want us to withdraw a premium from your account. If the date you select falls on a date that is not a Valuation Date, such as a weekend or holiday, we will initiate the request on the next business day. We allocate the premium when we receive it. You must give us at least five (5) calendar days' notice to stop or change your allocation for future automatic premiums. Your written notice should be sent to our Home Office and is not considered given until it is received (in good order) there.

#### OWNER, ANNUITANT AND/OR PAYEE
If you are the sole owner of the Certificate, you generally can name beneficiaries, assign the Certificate, transfer allocations between subaccounts and the fixed account, and designate who receives any annuity payments or distributions under the Certificate. The annuitant is the person whose life determines the annuity benefits payable under the Certificate and whose death results in payment of the death benefit. The annuitant must be a natural person. The beneficiary receives the death proceeds, i.e., the death benefit or Surrender Value, if any, that is paid when the annuitant or any owner dies. If the owner and the annuitant are not the same person, the beneficiary will receive the Surrender Value of the annuity upon the death of any owner. If the annuitant dies, the beneficiary will receive the death benefit. The payee is any party that the owner selects to receive distributions. The payee will generally receive these distributions during the annuity period. The benefit member is the annuitant. We reserve the right to approve any payee that is an entity rather than a person. Laws regulating qualified annuities may limit an owner's ability to designate annuitants, beneficiaries and payees, and may also limit an owner's ability to assign the Certificate. In addition, assigning a Nonqualified Certificate may have federal tax consequences (see "Federal Tax Matters – Taxation of Withdrawals, Assignments, Pledges").

#### Prospectus 22

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#### BENEFICIARIES
You may name one or more beneficiaries to receive the death proceeds payable under the Certificate. You may change beneficiaries by sending a request (in good order) to the Home Office. We may provide a special form to make this request. We must approve any change in beneficiary. Any such change is effective on the date you designate on your written request or the date we receive your request (in good order) at the Home Office if no date is designated. A change in beneficiary is only effective if the request is in good order and was mailed or delivered to us while the annuitant is alive. We are not liable for any payments made or actions taken by us before we receive (in good order) and approve changes in beneficiary designations. Certain property and tax laws may affect your ability to select a beneficiary other than a spouse. Under Qualified Certificates, for certain non-spouse payees, distributions must be made within ten years of death to avoid adverse tax consequences. (See "Federal Tax Matters.")

If you have ever signed a marital property agreement with your spouse or former spouse, or lived in a community property state while married, your spouse or former spouse may have rights to the death proceeds/ annuity payments of your Certificate even if you chose not to name your spouse as beneficiary. WoodmenLife is not responsible for determining whether your Certificate or death proceeds/ annuity payments are subject to community property laws or a marital property agreement or whether you should obtain spousal consent when naming your beneficiary. WoodmenLife will not be liable for acting in accordance with the designation on file unless we have received a properly documented community property or marital property agreement claim (in good order) prior to paying death proceeds/annuity payments. In the event your designated beneficiary cannot be approved, we may pay any death proceeds due upon either the annuitant's or owner's death according to WoodmenLife's Constitution and Laws.

It is important that you update your beneficiary designations, including full names and complete addresses, if and as they change.

#### YOUTH CERTIFICATES
We provide Certificates that allow an adult applicant, when applying for a Certificate in the name of a youth member, to have the option to designate the owner as either the applicant or the youth member. If the youth member is the owner of the Certificate, the adult applicant shall retain control over the Certificate until the youth member reaches the age of majority. The adult applicant/controller can exercise all rights in the Certificate, except for the right of assignment, on behalf of the youth member until the youth member reaches the age of majority. If the adult applicant/controller dies before the youth member reaches the age of majority, we will recognize that person who has the duty to support the youth member and/or who in fact does support the youth member, as the person who is entitled to exercise the rights that the adult applicant/controller could have exercised.

#### TRANSFERRING OWNERSHIP
You may assign your Nonqualified Certificate by sending an assignment request to our Home Office before the annuity starting date. You may not be able to assign a Certificate you control for another person or a Certificate issued in connection with retirement plans. We must receive (in good order) and approve any assignment request before it is effective. We are not liable for any payment we make or action we take before we receive and approve an assignment. We are not responsible for the validity or tax consequences of any transfer of ownership.

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Before you consider assigning, selling, pledging or transferring your Certificate, you should consider the tax implications. Generally speaking, assignments and pledges of a deferred annuity are taxable as a complete distribution (surrender) from the contract and may be subject to the 10% penalty tax. (See "Federal Tax Matters.") The interest of any beneficiary will be subject to any collateral assignment. Any indebtedness and interest charged against your Certificate, or any agreement for a reduction in benefits, shall have priority over the interest of any owner, beneficiary or collateral assignee under the Certificate.

#### CERTIFICATES ISSUED FOR CERTAIN RETIREMENT PLANS
If your Qualified Certificate is used in a qualified plan and the owner is the plan or trustee, the plan may transfer ownership to the annuitant if the qualified plan permits. Otherwise, a Qualified Certificate may not be sold, assigned, discounted or pledged as collateral for a loan or as surety for performance of an obligation or for any other purpose, to any person other than as may be permitted by laws applicable to such plans.

#### ACCUMULATION PERIOD
The period during which you invest premiums under the Certificate is the accumulation period. During this time the Certificate may increase or decrease in value depending on the performance of your investments in the subaccounts of the Variable Account and how much additional premium you invest. For most owners any increase in the Certificate's value remains tax-deferred until a distribution is made. Any distributions you take from a Nonqualified Certificate during the accumulation period are taxable to the extent there is gain in the Certificate.

Accumulation period distributions are taxed differently than annuity payments. For annuity payments (periodic payments from a settlement option contract), any "investment in the contract" in the Certificate is prorated over the length of the annuity payment option. Therefore, each annuity payment will consist partially of non-taxable "investment in the contract" (if there is any) and partially of taxable gain (if there is any). The taxation of distributions from a Qualified Certificate depends on the type of qualified plan and various other factors. (See "Federal Tax Matters.")

#### VALUING YOUR CERTIFICATE
We determine the Accumulated Value of your Certificate on each Valuation Date. We credit premium payments to your Certificate based on the subaccount unit values (also referred to as accumulation unit values) next determined after receipt of a premium in good order. Your Certificate's Accumulated Value during the accumulation period is the total of your values in the Variable Account and the fixed account. For your initial premium payment, we will allocate the premium in accordance with the paragraphs set forth above. (See "Purchasing a Certificate" and "Allocating Your Initial Premium.")

#### VARIABLE ACCOUNT VALUATION
Your Variable Account Value is the total value of your subaccounts. When we established each subaccount, we set the initial subaccount unit value at $10 ($1 for the initial money market subaccount). The subaccount unit value of a subaccount increases or decreases from one Valuation Period to the next depending on the investment experience of the underlying Fund as well as the daily

#### Prospectus 24

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deduction of charges. For each subaccount, the subaccount unit value is calculated after the end of each Valuation Date (usually 3:00 pm central time). The subaccount unit value for a subaccount will equal:

- The net asset value of the underlying Fund as of the current Valuation Date, multiplied by the number of shares held by the subaccount, before the purchase or redemption of any shares on that date; plus

The amount of any dividend, capital gain, or other distribution made by the Fund since the previous Valuation Date if the ex-dividend date occurs during that Valuation Period; plus <br>

- A credit or charge for any taxes incurred since the previous Valuation Date that we determine to have resulted from the operation of the subaccount; minus

The dollar amount of the mortality and expense risk charge for the number of days since the previous Valuation Date; divided by <br>

The total number of subaccount units as of the previous Valuation Date. <br>

We calculate the value of each subaccount by multiplying the number of subaccount units attributable to that subaccount by the subaccount unit value for the subaccount. Any amounts allocated to a subaccount will be converted into subaccount units of the subaccount. We credit subaccount units to your subaccount when you allocate your premiums or transfer amounts to that particular subaccount. The number of subaccount units we credit is determined by dividing the premium or other amount credited to the subaccount by the subaccount unit value for that Valuation Date. We reduce your subaccount units in a subaccount when you withdraw or transfer from that subaccount and by any certificate fee or transfer fee charged to your Certificate. The investment experience of the Fund underlying each subaccount will cause the subaccount unit value to increase or decrease. In addition, we assess a mortality and expense risk charge, which effectively reduces the value of the subaccount. We make no guarantee as to the value in any subaccount. You bear all the investment risk on the performance of the Fund underlying the corresponding subaccounts you choose. Because of all of the factors affecting a subaccount's performance, its value cannot be predetermined.

#### FIXED ACCOUNT VALUATION
You may allocate new premium payments, or transfer Accumulated Value in the subaccounts, to the fixed account investment option available under the Certificate.

**Information regarding the features of the fixed account, including (i) its name, and (ii) its minimum guaranteed interest rate, is available in the Appendix to this prospectus. See Appendix: Investment Options Available Under the Certificate.** 

The fixed account is part of our general account. We declare the effective annual interest rate that applies to the fixed account, which shall be at least 1% per year or, if greater, the minimum rate required by state law. We will declare the effective annual interest rate applicable to fixed account allocations at the beginning of each Certificate Year.

Amounts allocated to the fixed account earn compound daily interest. The effective annual interest rate applicable to amounts in the fixed account (including new premiums or amounts newly transferred from a subaccount (i.e., new money)) will not change for the duration of a Certificate Year. At the

#### Prospectus 25

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beginning of the next Certificate Year, a new rate will be declared for all deposits and will be effective for another Certificate Year. The rate of interest in effect at any time for a Certificate may differ from the rate or rates in effect for other Certificates with different Certificate anniversaries. We may declare higher interest rates at our discretion.

We set interest rates for the fixed account at our discretion, subject to the guaranteed minimum interest rate. You bear the risk that the annual interest rate credited on the Fixed Account Value may not exceed the guaranteed minimum interest rate.

Your ability to transfer Accumulated Value from the fixed account is subject to limitations. See "Transfers Among Subaccounts and/or the Fixed Account" below.

#### DOLLAR COST AVERAGING PLAN
If you wish to make a substantial deposit in your Certificate, dollar cost averaging allows you to spread your investment in the markets over time to reduce the risk of investing at the top of the market cycle. You may make regular transfers from your money market subaccount to other subaccounts by establishing a dollar cost averaging plan. You may use dollar cost averaging until the amount in your money market subaccount is completely transferred or the amount remaining is less than your authorized preset amount. You may terminate or change your plan at any time by written request that is effective five (5) business days after we receive it (in good order) at the Home Office. Dollar cost averaging is only available during the accumulation period. You may establish a dollar cost averaging plan by obtaining an appropriate form and full information concerning the plan and its restrictions, from your Registered Representative or from our Home Office.

Dollar cost averaging does not ensure a profit or protect against a loss during declining markets. Because such a program involves continuous investment regardless of changing share prices, you should consider your ability to continue this plan through times when the unit prices are high.

#### TRANSFERS AMONG SUBACCOUNTS AND/OR THE FIXED ACCOUNT
You may transfer your Certificate's value among the subaccounts and the fixed account subject to the restrictions described in this prospectus. Such transfers must take place during the accumulation period.

For transfers involving the subaccounts, we will process your requests for transfers that we receive at our Home Office, in good order, before the close of a Valuation Date, usually 3:00 p.m. central time, based on the subaccount unit values next calculated on that Valuation Date. We will process requests we receive (in good order) at or after the end of a Valuation Date based on the subaccount unit values next calculated on the following Valuation Date.

We process a transfer from the subaccounts by redeeming subaccount units from the subaccount(s) you specify and reinvesting the proceeds in subaccount units of the other subaccounts and/or the fixed account as you specify. We impose the following restrictions on transfers. You must transfer out at least $100 or, if less, the total value of the subaccount or fixed account from which you are making the transfer. You must transfer in a minimum amount of $50 (or the total value of the subaccount or fixed account, if less) to any subaccount or to the fixed account.

You may make twelve (12) free transfers from one or more subaccounts in each Certificate Year. We will assess a $25 charge for each transfer in excess of 12 in a single Certificate Year, and deduct that

#### Prospectus 26

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charge from the amount of the transfer. Transfers through the asset rebalancing program (described below) or dollar cost averaging plan (described above) do not count towards your twelve (12) free transfers.

You may make only one (1) transfer from the fixed account in each Certificate Year. The transfer may not exceed the greater of $500 or 25% of the Fixed Account Value at the time of transfer. These restrictions may prolong the period of time it takes to transfer your Accumulated Value in the fixed account to subaccounts and, therefore, you should carefully consider whether investment in the fixed account meets your needs and investment criteria.

Transfers from the fixed account are not subject to a transfer charge and do not count toward your twelve (12) free transfers. If you want to transfer from the fixed account, we redeem the value you wish to transfer from the fixed account and reinvest that value in subaccount units of the subaccount(s) you have selected.

We did not design the Certificate in general or this transfer privilege in particular to give you a way to speculate on short-term market movements. To prevent excessive transfers that could disrupt the management of the Funds and increase transaction costs, we may adopt procedures to limit excessive transfer activity. For example, we may impose conditions and limits on, or refuse to accept, transfer requests that we receive from third parties. Third parties include investment advisers or registered representatives acting under power(s) of attorney from one or more Certificate owners. (See "Market Timing" below.) In addition, the Funds may restrict or refuse transactions as a result of certain market timing activities. You should read the Funds' prospectuses for more details.

#### ASSET REBALANCING PROGRAM
To maintain a particular percentage allocation among subaccounts, the Certificate owner may select asset rebalancing. With asset rebalancing, your Accumulated Value is automatically reallocated in accordance with allocation instructions that you provide. You can elect to participate in the program at the time of application or at a later time. Asset rebalancing may be set up annually, semi-annually or quarterly to begin on the 5th day of the month you select (or the next Valuation Date if the 5th is not a Valuation Date). Before you begin the program, you should determine your investment goals and risk tolerance.

To elect to participate in the program, you must send a written request (in good order) to our Home Office. Any new request will override any previous rebalancing allocations you may have chosen. Rebalancing continues until you stop or change it, which must be done in writing (unless a valid telephone election exists for the account) and must be received at the Home Office at least five (5) business days before it becomes effective. The fixed account is excluded from this program. Asset rebalancing is only available during the accumulation period. We reserve the right to change this program at any time. The asset rebalancing program does not guarantee gains, nor does it assure that any subaccount will not have losses.

#### TELEPHONE TRANSACTIONS
You may make certain transactions over the telephone. Before accepting oral instructions from you, we must have received your signed telephone transaction authorization. Telephone authorization is valid only for certain transaction types, and we may add to or limit these types of transactions from time to time.

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However, we are not able to accept telephone requests from you for Surrenders or transfers among subaccounts if we are restricted from doing so by state or federal laws. We will take reasonable steps to confirm that telephone instructions are genuine including, among other things: requiring forms of personal identification before acting upon telephone instructions, recording telephone instructions received from Certificate owners, and providing written confirmation of transactions to Certificate owners. We will not be responsible for the authenticity of instructions received by telephone. We may be liable for losses due to unauthorized or fraudulent instructions if we fail to observe reasonable procedures.

If several people want to make telephone requests at or about the same time, or if our recording equipment malfunctions, we may not be able to allow any telephone requests at that time. If this happens, you must try again later or submit a written request (in good order) to our Home Office. If there is a malfunction with the telephone recording system or the quality of the recording itself is poor, we will not process the transaction.

We reserve the right to suspend or limit telephone transactions. Every telephone transaction will be reviewed by a home office associate holding either a Series 6 or 7 and Series 63 licenses of the distributor (Woodmen Financial Services, Inc.) who will also review the account history and any other available relevant information before processing such transaction and submitting it to WoodmenLife. If the associate has reason to believe that any such transaction constitutes an attempt to "market time" to the detriment of other Certificate owners, such proposed transaction may be refused.

The phone number for telephone transactions is 1-877-664-3332.

#### MARKET TIMING
The Certificate is not designed for use by individuals, professional market timing organizations, or other entities that engage in short-term trading, frequent transfers, programmed transfers or transfers that are large in relation to the total assets of a subaccount or its underlying Fund. These could result in a Fund holding large cash positions or frequently buying or selling portfolio securities. Such transfers may affect the value of the Fund's shares, interfere with the efficient management of its portfolio, and increase its brokerage and administrative costs. While the design of the Certificate makes it a relatively inefficient vehicle for achieving short-term trading profits, nevertheless, the possibility may exist.

To protect our Certificate holders from potentially harmful activity, we utilize certain policies and procedures that are designed to detect and prevent disruptive trading. We consider certain factors to identify potentially harmful activity, including the following:

• the number of transfers made over a period of time;

• the length of time between transfers;

• whether the transfers follow a pattern that appears to be designed to take advantage of short-term market fluctuations;

• the dollar amount(s) requested for transfers; and

• whether the transfers are part of a group of transfers made by a third party on behalf of several individual Certificate holders.

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If we detect that an individual is engaged in a market timing scheme, we will, to the extent consistent with our legal obligations and the Certificate holders' contractual rights to make transfers among the subaccounts, cancel all orders believed to be part of the market timing scheme, and we will prohibit the individual suspected of engaging in a market timing scheme from utilizing our telephone transaction service in the future. Individuals suspected of engaging in market timing will be required to make all future orders through our written process.

Our policies may vary due to differences in operational systems and the size and nature of the Funds. Subject to the terms of the Certificate, we reserve the right to impose, without prior notice, additional or alternate restrictions on allocations and transfers that we determine, in our sole discretion, will disadvantage or potentially hurt your rights or interests.

In addition, some of the Funds have reserved the right to temporarily or permanently refuse payments or transfer requests if, in the judgment of the investment adviser or other responsible party, such Fund would be unable to invest effectively in accordance with the particular Fund's investment objective or policies, or the Fund would otherwise potentially be adversely affected. If such a transfer request is refused, we may not be able to effect certain allocations or transfers that a Certificate owner has requested. Our ability to detect and deter such harmful conduct may be limited by operational or technological limitations.

We are required to provide to a Fund or its payee certain information about the trading activity of individual Certificate owners. If a Certificate owner is identified by a Fund as violating the frequent trading policies established for the Fund, we will restrict or prohibit further purchases or transfers by that Certificate owner (or persons acting on the Certificate owner's behalf). You should read the prospectuses of the Funds for details of their ability to refuse or restrict purchases or redemptions of their shares.

In addition, the terms of some Certificates, historical practices or actions, or certain regulatory requirements may limit our ability to effect transfers or may impose certain other restrictions. This may result in a dilution in the value of your investment. There may also be increased brokerage and administrative costs that may result in lower long-term returns for your investments. Additionally, because other insurance companies and/or retirement plans may invest in the Funds, we cannot guarantee that there will not be harm from disruptive trading within the variable contracts issued by other insurance companies or among investment options available to retirement plan participants. Please refer to the prospectuses of the Funds for a discussion of each Fund's policies and procedures with respect to deterring short term trading and market timing.

#### INTERNET TRANSACTIONS
We currently offer limited Internet transaction capability to Certificate owners. Certificate owners may make a one-time contribution (not re-occurring), and may also change an address and phone number of record via a secure WoodmenLife website.

#### ACCESS TO YOUR MONEY BEFORE YOUR ANNUITY STARTING DATE
You may make a withdrawal from your Accumulated Value during the accumulation period if the annuitant is alive. The remaining Accumulated Value of the Certificate, after such a withdrawal, must be at least $1,000. Otherwise, we will treat the withdrawal request as a full Surrender. You generally

#### Prospectus 29

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may not withdraw less than $250 at one time. If your Surrender Value is less than $250, you may Surrender the Certificate, but you may not take a withdrawal.

You may also Surrender your Certificate in exchange for your Surrender Value during the accumulation period. Surrendering the Certificate will terminate the Certificate and all of its benefits, including the death benefit. Currently, to Surrender your Certificate and receive your Surrender Value, you must submit a signed form to our Home Office; you cannot Surrender your Certificate by telephone. The Surrender will not be processed until we receive your Surrender request (in good order) at our Home Office. You may obtain a form by contacting your WoodmenLife Registered Representative or by calling us at 1-877- 664-3332.

Please note:

- A Surrender or withdrawal may be subject to substantial surrender charges.

A Surrender or withdrawal may be subject to income taxes, including a 10% federal tax penalty if taken before age 59<sup>1</sup>⁄2. <br>

- A Surrender terminates the Certificate and all of its benefits, including the death benefit.

A withdrawal will reduce the Accumulated Value of your Certificate by the amount of the withdrawal. <br>

A withdrawal will reduce the minimum death benefit amount in the same proportion that the Accumulated Value was reduced on the date of the withdrawal. The reduction may be greater than the amount withdrawn. (See "Death of an Annuitant before the Annuity Starting Date.") <br>

To make a withdrawal, you first must make a request to our Home Office; you may request certain withdrawals by telephone. We must receive a withdrawal request or Surrender (in good order) before the close of a Valuation Date, usually 3:00 p.m. central time, in order to process it based on subaccount unit values next calculated on that Valuation Date. We will process a withdrawal request or Surrender we receive (in good order) at or after the end of a Valuation Date based on the subaccount unit values next calculated on the following Valuation Date.

A withdrawal of Accumulated Value or Surrender of a Certificate may require us to withhold amounts for federal income taxes.

We will normally pay you within seven (7) calendar days of receiving your withdrawal request. You will receive the requested amount of Accumulated Value less any applicable surrender charge and any applicable certificate fee. In certain cases, such as when physical disasters cause market disruptions, we may postpone payment beyond the seven (7) days, and then only when permitted by law or regulation. You may select the subaccount(s) or the fixed account as the source(s) for your withdrawal. However, we must agree to any selection. If you request a withdrawal and do not specify its source (i.e., the specific subaccount(s) or fixed account) then we will take the withdrawal on a pro rata basis from each subaccount and fixed account.

As of January 1, 2009, WoodmenLife no longer issued Certificates in connection with Tax Sheltered Annuities ("TSAs"). In addition, after May 31, 2009, WoodmenLife no longer accepted any additional contributions into existing Certificates issued in connection with TSAs. However, if you already own such a Certificate, you should know that there are legal restrictions on withdrawals from TSAs.

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Certificates issued in connection with qualified plans under Section 401 of the tax Code may also restrict certain distributions. See your plan document for more information.

You should consult your tax adviser regarding the tax consequences of any withdrawal or Surrender. A Surrender or withdrawal may be taxable in whole or in part, and may also be subject to a 10% federal income tax penalty if made before you attain age 59<sup>1</sup>⁄2. (See "Federal Tax Matters.")

#### SYSTEMATIC WITHDRAWALS
You may make systematic withdrawals from your Certificate. These are a series of periodic payments from your Certificate based on the payment method you select. You are taxed on each distribution from a Certificate to the extent there is taxable gain in the Certificate. Tax penalties may also apply. This type of withdrawal is not considered annuitization nor are the payments considered annuity payments. You may only establish this payout option during the accumulation period. Payments made to you under this option may be subject to surrender charges and will reduce the Accumulated Value and the death benefit in the same manner as any other withdrawal. You should consult a tax adviser about the tax consequences of making systematic withdrawals prior to electing this program.

#### DEATH OF AN OWNER (NOT THE ANNUITANT) BEFORE THE ANNUITY STARTING DATE
We will pay the Surrender Value to the beneficiary if you die while the annuitant is alive.

#### DEATH OF AN ANNUITANT BEFORE THE ANNUITY STARTING DATE
We will pay the death benefit to the beneficiary when the annuitant dies. The death benefit equals the greater of:

• the Accumulated Value; or

• the minimum death benefit amount.

For example, if the annuitant dies before the annuity starting date, and (i) the Accumulated Value at the time that the death benefit is calculated equals $50,000 and (ii) the minimum death benefit amount equals $40,000, the death benefit will equal $50,000. Conversely, if (i) the Accumulated Value at the time that the death benefit is calculated equals $40,000 and (ii) the minimum death benefit amount equals $50,000, the death benefit will equal $50,000.

The minimum death benefit amount is equal to the sum of premiums paid reduced proportionately by any withdrawals, accumulated at an annual rate of 4% (the accumulation rate).

After the annuitant has reached the Certificate Anniversary after the annuitant reaches age 80, the accumulation rate will no longer apply to the minimum death benefit amount. The minimum death benefit amount is limited to a maximum of 200% of the total premiums paid reduced proportionately by any withdrawals.

For example, assume:

• You purchase the Certificate on January 1, 2026 and your initial premium payment is $50,000;

• You make a $1,000 premium payment on January 1 each year thereafter until December 31, 2044;

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• On December 31, 2046, the annuitant dies (age 75 at the time of death);

• You took no withdrawals from the Certificate prior to the annuitant's death; and

• The Accumulated Value at the time that the death benefit is calculated equals $100,000.

Based on these assumptions, the death benefit would equal $140,000, which is the greater of the Accumulated Value $100,000 and the minimum death benefit amount of $140,000 (value capped at 200% of premiums). The minimum death benefit amount reflects the sum of premiums paid $70,000, plus the application of the accumulation rate over 20 years $70,000.

A withdrawal will reduce the minimum death benefit amount in the same proportion that the Accumulated Value was reduced on the date of the withdrawal. Given the proportional nature of the reduction, the reduction may reduce the minimum death benefit by an amount greater than the amount withdrawn. For each withdrawal, the reduction to the minimum death benefit is calculated by multiplying the minimum death benefit amount immediately prior to the withdrawal by the ratio of the withdrawal to the Accumulated Value immediately prior to the withdrawal.

Revisiting the example above, rather than taking no withdrawals prior to the annuitant's death, assume you took a $5,000 withdrawal immediately before the annuitant's death. The withdrawal would reduce the Accumulated Value from $100,000 to $95,000, representing a 5% reduction in the Accumulated Value, and would likewise reduce the minimum death benefit amount by 5% from $140,000 to $133,000. Please note that the reduction to the minimum death benefit $7,000 was greater than the $5,000 withdrawal. As a result of this reduction, the death benefit would instead equal $133,000, which is the greater of the Accumulated Value $95,000 and the minimum death benefit amount $133,000.

The minimum death benefit is a guaranteed amount to be paid on the death of the annuitant, regardless of the investment performance of your Certificate.

#### CALCULATION AND DISTRIBUTION OF DEATH PROCEEDS
The determination of the death benefit will be made on the date we receive written notice and due proof of death as well as all required claims forms in good order from all beneficiaries at our Home Office. No one is entitled to a death benefit until this time. Due proof of death occurs when we receive one of the following at our Home Office:

• A certified copy of a death certificate; or

• A certified copy of a court decree reciting a finding of death; or

• Any other proof satisfactory to us.

A beneficiary may elect to receive a lump sum payment or other method of payment that we may make available, subject to the rules of distribution discussed below. If a beneficiary requests payment of death benefit proceeds in a lump sum, we generally will pay the beneficiary within seven (7) calendar days after we receive written notice and due proof of death as well as all required claims forms in good order from all beneficiaries at our Home Office. Death benefit proceeds are equal to or greater than the minimum value required by law.

In the case of a Nonqualified Certificate, if any owner, including any owner who is also the annuitant, dies prior to the annuity starting date, the Certificate will continue and the entire certificate benefit must be distributed within five (5) years after the death of the owner; however, if any portion of the certificate benefit is payable to a designated beneficiary, within the meaning of Code Section 72(s)(4),

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such portion may be distributed over the life of such beneficiary or over a period not extending beyond the life expectancy of such beneficiary. Such distributions must begin no later than one (1) year after the date of the owner's death.

If the sole beneficiary is the deceased owner's spouse, as defined by federal law, the surviving spouse may elect to continue the Certificate as his or her own. If the spouse does so choose, upon his or her subsequent death the entire certificate benefit must be distributed as otherwise required by law and the Certificate.

Other distribution rules apply in the case of a Qualified Certificate.

#### ANNUITY PERIOD
The period when you begin to receive payments based on the amounts you accumulated under your Certificate is the annuity period. This period begins on the annuity starting date. At this time, we offer payment options only on a fixed basis, but we may later offer additional payment options.

#### ANNUITY STARTING DATE
The date set to start your annuity payments when you apply for your Certificate is the annuity starting date. The earliest annuity starting date is one year after the Effective Date. The annuity starting date cannot be later than the first of the month after the Certificate Anniversary on or following the annuitant's 95th birthday. After your first Certificate Anniversary, you may change the annuity start date. If your Certificate is a Qualified Certificate, you may be required to take minimum distributions no matter what annuity starting date you select. Some states may also place limitations on extending an annuity starting date. Your annuity payments will begin on your annuity starting date unless you previously Surrendered your Certificate or if we have paid out all of the death proceeds to your beneficiary. In those cases, no annuity payments will be paid. Withdrawals of Accumulated Value may not be taken after the annuity starting date. The death benefit from the accumulation period terminates on the annuity starting date.

#### SETTLEMENT OPTION CONTRACTS
Currently, if you select an annuity payment option, we will transfer your entire Surrender Value on your annuity starting date to our fixed account, and we will issue you a settlement option contract. However, in the future we may change our procedures and allow you to select certain annuity payment options and apply only a portion of your Surrender Value to the option. Your annuity payments will not vary with the performance of the Variable Account. We will pay the annuity payments to the payee that you designated. You may not change to a different annuity payment option once your initial selection has been established. Generally, you or your beneficiary will be the payee. The settlement option contract will pay an amount each payment period as selected by you or the beneficiary. The payment periods available are one (1), three (3), six (6) and twelve (12) months and the amounts of the payment may not be proportional, e.g., the 3-month payment may not be 3 times the 1-month payment. The surrender charge will be waived for Option 1 and Option 2 as set forth in the next section.

We will calculate your annuity payments based on the value of your Certificate on the annuity starting date, the annuity payment option you select, and the applicable annuity rates set forth in your Certificate. Annuity rates vary by annuity payment option and the payee's (and, if applicable, joint

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payee's) age and sex. As described above, you select the frequency of payments under the annuity payment option. In general, the less frequent the annuity payment, the larger each payment will be. Conversely, in general, the more frequent the annuity payment, the smaller each payment will be. In addition, the annuity payment option you select will impact the length of time you are to receive (or expected to receive) annuity payments. Such payments may be for life, a fixed period of time, or a fixed amount. In general, the longer the duration of your annuity payments, the smaller each payment will be. Conversely, in general, the shorter the duration of your annuity payments, the larger each payment will be.

#### ANNUITY PAYMENT OPTIONS
The following annuity payment options are generally available to you under the Certificate:

OPTION 1: SINGLE LIFE ANNUITY An amount will be paid each payment period for a fixed period of years and after that for so long as the payee lives. The fixed period may be from zero (0) to twenty (20) years. On the death of the payee during the fixed period, payments will continue to the beneficiary of the settlement option contract for the balance of the fixed period.

OPTION 2: JOINT AND SURVIVOR LIFE ANNUITY An amount will be paid each payment period for so long as two (2) joint payees are alive. On the death of either payee, the survivor will receive a percentage of the payment for so long as the survivor lives. The percentage of the payment to the survivor may be between 25% and 100%. This option is not available for Qualified Certificates.

OPTION 3: FIXED PERIOD An amount will be paid each payment period for a fixed period of one (1) to thirty (30) years.

If the Accumulated Value is to be paid out under this option and is subject to a surrender charge at the time of election, then:

• If a period of at least ten (10) years is selected, the Accumulated Value will be used in determining the settlement option payment and the surrender charge scale will be transferred to the settlement option contract.

• If a period of less than ten (10) years is selected, the surrender charge will be applied and the Surrender Value will be used in determining the settlement option payment.

OPTION 4: FIXED AMOUNT A fixed amount will be paid each period until the certificate benefit held under this option, together with interest on the unpaid balance, is exhausted.

If the Accumulated Value is to be paid out under this option and is subject to a surrender charge at the time of election, the total amount paid each year cannot be more than 12% of the Accumulated Value. The surrender charge scale will be transferred to the settlement option contract.

DEFAULT: If you do not pick an annuity payment option by the annuity starting date, single life annuity (Option 1) with a fixed period of ten (10) years payable monthly will be automatically selected as your annuity payment option.

With respect to each annuity payment under an option, we may choose to pay more than the amount to which the payee is entitled. However, we also reserve the right to pay no more than the amount to

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which the payee is entitled, even if we previously chose to pay more than we were obligated to pay for one or more prior annuity payments.

Under any payment option, if you apply less than $1,000 to the payment option or if your monthly payments would be less than $25, WoodmenLife may make a single lump sum payment instead of annuity payments.

If your Certificate is a Qualified Certificate, some Annuity Payment Options may not satisfy Required Minimum Distribution rules. In particular, new tax laws require that most non-spouse beneficiaries must receive their entire interest within ten years of the Owner's death to comply with Required Minimum Distribution rules. (See "Federal Tax Matters"). Consult a tax adviser before electing an Annuity Payment Option.

Interest rates applicable to annuity payment options may be declared monthly with an effective annual guaranteed minimum interest rate of 3%. We may declare higher interest rates at our discretion. We consider numerous factors, including the earnings of the general or special accounts, expenses and mortality charges, and experience.

#### DEATH OF OWNER/PAYEE AFTER THE ANNUITY STARTING DATE
If an owner/payee dies on or after the annuity starting date and before all of the annuity payments have been paid, we must pay any remaining amounts at least as rapidly as payments were being paid on the date of death. Additional restrictions may apply to Qualified Certificates in order to comply with changes in the Required Minimum Distributions rules. (See "Federal Tax Matters").

### CERTIFICATE FEES AND CHARGES

#### SALES CHARGE ON PREMIUM PAYMENTS
You do not pay any front-end sales charge or sales load when you invest in your Certificate.

#### CERTIFICATE FEE
During the accumulation period, we currently deduct an annual $30 certificate fee. We may change this fee, but will never charge more than $45. This fee is deducted on the anniversary date of each Certificate Year or upon Surrender of the Certificate if that is earlier. We deduct the fee from your Variable Account Value in proportion to the amounts in your subaccounts unless a state requires otherwise. The purpose of this fee is to reimburse us for administrative expenses relating to the Certificate. We do not deduct this charge if your Variable Account Value is at least $50,000 at the time of assessment. We reserve the right to waive this fee.

As of January 1, 2009, WoodmenLife no longer issued Certificates in connection with TSAs. In addition, as of May 31, 2009, WoodmenLife no longer accepted any additional contributions into existing Certificates issued in connection with TSAs. However, existing Certificates will continue to be subject to the certificate fee.

#### SURRENDER CHARGE
We may deduct a surrender charge or "back-end load" from any withdrawal of Accumulated Value (including a one-time or systematic withdrawal); upon annuitization based on annuity payment Option

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3 or 4; or upon Surrender of a Certificate. This charge generally compensates us for the costs we incur in selling the Certificate, including payment of commissions to Registered Representatives.

For the purpose of determining your surrender charge, any amount deducted will be treated as coming from premiums in the order in which they were made. The amount deducted to pay a surrender charge will be applied against the surrendered portion of the account and will reduce the Surrender or withdrawal proceeds accordingly.

The length of time between each premium payment and Surrender or withdrawal determines the amount of the surrender charge.

The charge is a percentage of the premiums surrendered according to the following schedules:

---

| | | | |
|:---|:---|:---|:---|
| <u>Premium Year</u> | Annuitant Issue Age | Annuitant Issue Age | Annuitant Issue Age |
|  | 0-60\* | 61-75 | 76-85 |
| 1 | 7% | 6% | 5% |
| 2 | 6% | 5% | 4% |
| 3 | &nbsp;&nbsp;&nbsp;&nbsp;5% | 4% | 3% |
| 4 | &nbsp;&nbsp;&nbsp;&nbsp;4% | 3% | 2% |
| 5 | &nbsp;&nbsp;&nbsp;&nbsp;3% | 2% | 1% |
| 6 | &nbsp;&nbsp;&nbsp;&nbsp;2% | 1% |  |
| 7 | 1% |  |  |
| 8 or more |  |  |  |

---

\* Applies to all ages in Connecticut.

As previously mentioned, WoodmenLife no longer issues Certificates or accepts any additional contributions into existing Certificates issued in connection with TSAs.

Since May 31, 2009, we have continued to administer existing TSA Certificates held under an employer's TSA Plan in accordance with the requirements of Section 403(b). To the extent permitted under the TSA Plan, we will allow owners of the TSA Certificates to exchange their TSA Certificates, free of any surrender charges otherwise applicable under the Certificates, for other Section 403(b) contracts held under the TSA Plan that are issued by vendors eligible to receive contributions under the TSA Plan. In addition, to the extent permitted under the TSA Plan, we will allow owners of the TSA Certificates to roll over their TSA Certificates, free of any surrender charges otherwise applicable under the Certificates, to an eligible retirement plan, such as a traditional IRA (or, if you qualify, a Roth IRA). WoodmenLife will share information with your employer regarding the TSA Certificates held under the TSA Plan.

#### 10% FREE WITHDRAWAL
In each Certificate Year, you may make free withdrawals of up to 10% of the Accumulated Value existing at the time you made the first withdrawal in that Certificate Year. A free withdrawal is a

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withdrawal without a surrender charge. The free withdrawal amount is not cumulative from Certificate Year to Certificate Year, so each Certificate Year you are only allowed to take a total of up to 10% from your Accumulated Value without incurring a surrender charge. Any unused portion of your free withdrawal amount from one Certificate Year will not carry forward to the next Certificate Year. Free withdrawals may still be subject to taxes and tax penalties.

#### TAX PENALTIES
Certain withdrawals and Surrenders are subject to federal tax penalties. There may be other restrictions on withdrawals, and Surrenders from qualified plans (see "Federal Tax Matters").

#### PREMIUM TAX CHARGE
Currently, we do not assess a charge against the Variable Account for federal income taxes or state premium taxes. We may make such a charge in the future if income or gains within the Variable Account result in any federal income tax liability to us or we become subject to state premium taxes.

#### OTHER TAXES
We reserve the right to impose charges or establish reserves for any federal or local taxes that we incur today or may incur in the future and that we deem attributable to the Certificates.

#### TRANSFER CHARGE
You can make, free of charge, twelve (12) transfers from subaccounts in each Certificate Year. We will charge $25 for each transfer from the subaccounts in excess of twelve (12) in a single Certificate Year, and deduct that charge from the amount of the transfer. This charge generally compensates us for the administrative costs we incur when processing transfers. Transfers from the fixed account, and transfers through the asset rebalancing program or dollar cost averaging plan, do not count towards your twelve (12) free transfers per Certificate Year.

#### FUND EXPENSES AND CHARGES
Charges deducted from and expenses paid out of the assets of the Funds are described in the prospectuses for the Funds. These fees and expenses are not charges under the terms of the Certificate, but are reflected in the share values of each Fund.

Under certain circumstances, the board of directors of a government money market fund would have the discretion to impose a liquidity fee on redemptions from the fund. Funds may also impose fees upon redemptions in other circumstances. We reserve the right to implement, administer, and charge you for any such fees.

#### MORTALITY & EXPENSE RISK CHARGE AND OUR RISKS
We currently charge an annual mortality and expense risk charge of 1.25% of the average daily net asset value of the Variable Account. We may raise or lower this charge in the future, but the charge will never exceed 1.40%.

The mortality and expense risk charge compensates us for the risks we assume under the Certificate, as described below.

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#### Our Mortality Risk
We assume a mortality risk from our obligation to pay the death benefit to the beneficiary if the annuitant dies during the accumulation period because the annuitant may die at a time when the minimum death benefit guaranteed by the Certificate is higher than the Accumulated Value of the Certificate. In addition, in the case of a Certificate for which surrender charges remain in effect, the Surrender Value of the Certificate is lower than the Accumulated Value of the Certificate, but the death benefit paid on the death of the annuitant is unaffected by the surrender charge. Accordingly, our mortality risk is higher under such a Certificate than it would be under otherwise comparable annuities that reduce the death benefit by a surrender charge.

We assume a mortality risk by our contractual obligation to continue to make annuity payments for the entire life of the payee(s) under some payment options that extend for a life (or lives). If certain settlement options are selected, we relieve the payee(s) of the risk of outliving the amounts paid during retirement.

We assume a mortality risk under our annuity purchase rate tables that are guaranteed for the life of your Certificate. Our settlement options are based on a guaranteed effective annual interest rate of 3%. Options 1 and 2 are based on a guaranteed effective annual interest rate of 3% using the Annuity 2000 Mortality Table.

#### Our Expense Risk
We assume an expense risk under the Certificates. If the certificate fee we deduct from the Certificates to cover administrative expenses is not sufficient to cover the expenses actually incurred, we cannot raise these fees in excess of what is stated in the Certificate (i.e., maximum $45). Administrative expenses include the costs of processing premiums, annuity payments, withdrawals, Surrenders and transfers, as well as the costs of furnishing confirmation notices and periodic reports, calculating the mortality and expense risk charge, preparing voting materials and tax reports, updating the registration statement for the Certificates, and actuarial and other expenses.

To compensate us for assuming these mortality and expense risks under the Certificates, we deduct a daily mortality and expense risk charge from the net assets of each subaccount in the Variable Account.

If the mortality and expense risk charge and other charges under a Certificate are insufficient to cover the actual mortality costs and administrative expenses incurred by us, we will bear the loss. If the mortality and expense risk charge proves more than sufficient, we will keep the excess for any proper purpose including, among other things, payment of sales expenses. We expect to make a profit from this charge.

### GENERAL INFORMATION ABOUT THE CERTIFICATES

#### THE ENTIRE CONTRACT
The entire contract between you and us consists of: your Certificate, including any endorsements or amendments attached; your application, including any supplemental documents; and our Articles of Incorporation, Constitution and Laws in force as of the Effective Date of your Certificate. We will not contest the contract.

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#### GENDER NEUTRAL BENEFITS
Under our settlement options, we distinguish between men and women because of their different life expectancies. However, we do not make any such distinctions for Certificates that we issue in the state of Montana. This is because Montana enacted legislation that requires that optional annuity benefits (i.e., the annuity payments under our annuity payment options) not vary based on a person's sex. In <u>Arizona Governing Committee v. Norris</u>, the U.S. Supreme Court held that optional annuity benefits provided under an employer's deferred compensation plan could not, under Title VII of the Civil Rights Act of 1964, vary between men and women on the basis of sex. Because of this decision, the settlement option rates applicable to Certificates purchased under an employment-related insurance or benefit program may not, in some cases, vary on the basis of sex. We will apply unisex rates to certain qualified plans and those plans where an employer believes that the <u>Norris</u> decision applies.

Employers and employee organizations should consider, in consultation with legal counsel, the impact of the <u>Norris</u> decision and Title VII generally and any comparable state laws that may be applicable, on any employment-related insurance or benefit plan for which a Certificate may be purchased.

#### VOTING RIGHTS
Certain voting rights are attributable to the Funds underlying the Variable Account portion of the Certificates. No voting rights pertain to the fixed account interest. As required by law, we will vote the Fund shares held in a subaccount. We will vote according to the instructions of Certificate owners who have interests in any subaccount involved in the matter being voted upon. If the 1940 Act or any related regulation should be amended—or if the present interpretation of the 1940 Act or any related regulation should change—and as a result we determine that we are permitted to vote the Fund shares in our own right, then we may elect to do so.

You have voting interests with respect to Fund shares only during the accumulation period. During the annuity period (during which you receive annuity payments), you have no interest in the Funds and, therefore, you have no voting rights.

We determine the number of votes you have the right to cast by applying your percentage interest in a subaccount to the total number of votes in the Variable Account attributable to the entire subaccount. We will count fractional shares. We determine the number of votes of the Fund you have the right to cast as of the record date. These votes are cast at the meeting of the Fund. We will solicit voting instructions by writing to you before the meeting in accordance with procedures established by a Fund.

Any Fund shares held in a subaccount for which we do not receive timely voting instructions we will vote in proportion to the voting instructions we receive for all owners participating in that subaccount. We will vote any Fund shares that we or our affiliates hold in proportion to the aggregate votes of all shareholders in the Fund. Please note that the effect of proportional voting is that a small number of Certificate owners may control the outcome of a vote. We will send proxy materials, reports and other materials relating to the appropriate Fund to everyone having a voting interest in a subaccount.

#### STATE VARIATIONS
Any state variations in the Certificates are covered in a special certificate form for use in that state. This prospectus discloses the material state variations. If you lose or misplace your Certificate and any endorsements, contact our Home Office.

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#### SURPLUS REFUNDS AND ASSESSMENTS
As a not-for-profit membership organization, we may declare surplus refunds when our assets exceed our funding needs. If our board of directors declares any surplus refunds to Certificate owners, we will pay you such surplus refunds. If we pay any such surplus refunds, we will credit them to your Certificate in the same manner as a new premium payment. As such, a surplus refund credited to your Certificate would be allocated to the subaccount(s) and/or fixed account in the same proportion that a new premium would be credited based on your standing allocation instructions. We do not anticipate any surplus refunds.

Maintaining appropriate reserves is a legal requirement of all fraternal benefit societies, including WoodmenLife. In accordance with applicable law, our general account reserves will be deemed "impaired" if our general account assets are insufficient to adequately cover our financial obligations. An impairment would therefore mean that there is a serious concern with our financial strength and claims- paying ability. Currently, based on our financial position, we have no reason to believe that an impairment will occur in the foreseeable future. In the extraordinary event that our general account reserves become impaired, as required by applicable law, you (as a member of WoodmenLife) may be subject to an assessment. We would work with our state regulators to determine each member's assessment based on their equitable portion of the impairment, as well as the manner in which assessments are to be imposed among our members. You could satisfy an assessment by making a payment to WoodmenLife. Please note that such payment would be to WoodmenLife with no financial benefit in return; it would not be a premium payment under the Certificate (i.e., the payment would not increase the value of your Certificate or the Certificate's benefits). Alternatively, you could elect an equivalent reduction in your Fixed Account Value or any future death benefit or annuity payments payable from our general account assets. If you do not satisfy your assessment, the amount due will be treated as a "debt" under your Certificate. The debt would accrue capitalized interest at an annualized rate not greater than 5% until satisfied as described above. No personal liability will attach to a Certificate owner upon failure to pay the "debt," but failure to satisfy the debt may result in taxable income.

#### OUR REPORTS TO YOU
We will mail, at least annually, a report showing the Accumulated Value of your Certificate as of a date not more than two months before the date of mailing, as well as any further information required by any applicable law. We will mail reports to you at your last known address of record. We will also promptly mail a confirmation of each premium, withdrawal, Surrender or transfer you make, except that when permitted by law or rule, we may omit sending confirmations for scheduled transactions such as dollar cost averaging or automatic rebalancing programs. Please review confirmations and reports immediately and inform us of any discrepancies. Any errors should be reported to us as soon as possible, preferably within sixty (60) days of your receipt of a confirmation or report.

#### DATE OF RECEIPT
Unless we state otherwise, the date we receive any premium, written request, telephone request or any other communication is the Valuation Date it is actually received at our Home Office in proper form (i.e., in good order). If we receive any such premium, request or other communication at or after the end of a Valuation Date (usually 3:00 pm central time), or on a date which is not a Valuation Date, we will consider the date of receipt to be the next Valuation Date.

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#### PAYMENT BY CHECK
If you pay a premium by check, we require a reasonable time for that check to clear your bank before such funds would be available to you for withdrawal. This period of time will not exceed twenty-one (21) days.

#### POSTPONEMENT OF PAYMENTS AND TRANSACTIONS
We will normally make payments of any Surrender Value within seven (7) days after we receive your request (in good order) at our Home Office. However, we may delay this payment or any other type of payment from the Variable Account for any period when the New York Stock Exchange is closed for trading, other than customary weekend and holiday closings, or trading is restricted; an emergency exists, as a result of which it is not reasonably practicable to dispose of securities or to fairly determine their value; or the SEC or other legally authorized authority order permits or orders the delay. We may also postpone transfers and allocations of Accumulated Value among the subaccounts under these circumstances. Subject to applicable law and regulatory approval, we may delay payment of any Surrender Value from the fixed account, or any transfer from the fixed account, for up to six (6) months after we receive a request at our Home Office.

In addition, if mandated under applicable law, we may be required to reject a premium payment and/or block an Owner's account and thereby refuse to pay any request for transfers, withdrawals, Surrenders, or death benefits until instructions are received from the appropriate regulators. We may also be required to provide additional information about you or your account to governmental regulators.

#### QUESTIONS ABOUT YOUR CERTIFICATE
You may make inquiries regarding the Certificate by writing or calling our Home Office. The address for the Home Office is WoodmenLife, 1700 Farnam Street, Omaha, NE 68102. The toll-free telephone number is 1-877-664-3332.

### FEDERAL TAX MATTERS
This section provides a summary of certain federal income tax considerations resulting from the purchase, ownership and disposition of a Certificate. The discussion is based on the Internal Revenue Code of 1986, as amended (the "Code"), U.S. Treasury Department regulations (the "Regulations"), judicial decisions and Internal Revenue Service ("IRS") rulings and other administrative materials interpreting the Code, existing on the date of this prospectus. These authorities, however, are subject to change (retroactively in some instances) by Congress, the Treasury Department and the courts. The discussion below is general in nature and is not intended as an exhaustive treatise on the income taxation of Certificates. In addition, taxes other than federal income taxes, such as foreign, state and local taxes, and federal estate and gift taxes, may apply in connection with the purchase, ownership and disposition of Certificates. This discussion is not exhaustive, does not address any federal estate, gift or other tax consequences, or any foreign, state or local tax consequences associated with the Certificate and is not intended as tax advice.

PROSPECTIVE PURCHASERS OF CERTIFICATES ARE URGED TO CONSULT WITH, AND MUST RELY UPON, THEIR OWN TAX ADVISERS WITH SPECIFIC REFERENCE TO THEIR OWN TAX SITUATIONS AND POTENTIAL CHANGES IN APPLICABLE LAW, INCLUDING THE APPLICATION OF STATE AND LOCAL, FOREIGN AND OTHER TAX

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CONSIDERATIONS, IN EVALUATING THE TAX CONSEQUENCES OF PURCHASING AND OWNING A CERTIFICATE.

#### INCOME TAXATION OF WOODMENLIFE

#### Federal Tax Status
As a fraternal benefit society, we are currently exempt from federal income taxes under section 501(c)(8) of the Code, and from most types of state and local taxes pursuant to the operation of local law. As a result, no reserve for income taxes is currently charged against or maintained by us with respect to the sale of Certificates or establishment or maintenance of the Variable Account supporting the Certificates. We may make charges for such taxes if there is a material change in federal, state or local tax laws applicable to the Variable Accounts or to us, or to both.

#### Taxation of Variable Accounts
As previously described herein, holders of Certificates will be offered a choice of broadly defined investment options that will allow them to allocate the assets underlying their Certificates to a fixed account, an account that provides a specified rate of interest, and/or to subaccounts of the Variable Account, each of which will pursue a specified, broadly defined investment strategy. The Code generally provides that the income, gains and losses from Variable Account investments are not income to the issuer until you withdraw the money, so long as the Certificates and the Variable Account meet certain requirements. Because the Certificates and the Variable Account are expected to meet such requirements, as well as our status as an Internal Revenue Code Section 501(c)(8) organization, we anticipate no tax liability resulting from the Certificates until withdrawal and, consequently, no reserve for income taxes is currently charged against or maintained by us with respect to the Certificates or the Variable Account. We may make charges for such taxes if there is a change in federal, state or local tax laws attributable to the Certificates and/or the Variable Account or our tax-exempt status.

#### STATUS OF CERTIFICATES AS ANNUITIES
A Nonqualified Certificate will be treated as an annuity for federal income tax purposes provided certain requirements are satisfied including:

• the Certificate must be owned by an individual (or an individual must be treated as the owner for tax purposes);

• Variable Account investments must be "adequately diversified;"

• we, rather than you, must be considered the owner of Variable Account assets for federal tax purposes;

• annuity payments must appropriately amortize premium payments and Certificate earnings;

• if any owner of the Certificate dies on or after the annuity starting date and before the entire interest in such Certificate has been distributed, the remaining portion of such interest must be distributed at least as rapidly as under the method of distributions being used as of the date of his death; and

• if any owner of a Certificate dies before the annuity starting date, the entire interest in such Certificate must be distributed within five years after the death of such owner, subject to certain exceptions.

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Other rules may apply to Qualified Certificates.

#### CERTIFICATES HELD BY NON-NATURAL PERSONS
As a general rule, Nonqualified Certificates held by "non-natural persons," such as corporations, trusts or similar entities, are not treated as annuity contracts for federal income tax purposes. The investment income on these Certificates is taxed each year as ordinary income received or accrued by the non-natural owner. There are exceptions to this general rule. For example, Certificates will generally be treated as held by a natural person if the nominal owner is a trust or other entity holding the Certificate as an agent for a natural person. However, this special exception does not apply to an employer who is the nominal owner of a Certificate under a nonqualified deferred compensation plan for its employees. Because we are a fraternal benefit society, we reserve the right to limit certificate ownership by a non-natural person.

Additional exceptions to this general rule include:

• certain Certificates acquired by a decedent's estate by reason of the death of a decedent;

• certain Certificates issued in connection with a qualified retirement plan (see "Qualified Plans");

• certain Certificates used with structured settlement agreements; and

• certain Certificates purchased with a single premium when the annuity starting date is no later than a year from contract purchase and substantially equal periodic payments are made at least annually.

#### DIVERSIFICATION REQUIREMENTS
For a Nonqualified Certificate to be treated as an annuity for federal income tax purposes, Variable Account investments supporting the Certificate must be "adequately diversified." The Code and Regulations prescribe standards for adequately diversifying Variable Account investments. If the Variable Account supporting a Certificate fails to comply with these diversification standards, the Certificate would not be treated as an annuity for federal income tax purposes and the interest or earnings credited to the Certificate in any year will generally be includible in the owner's income that year for federal tax purposes.

Although the investments of the subaccounts of the Variable Account are controlled by managers of the Fund corresponding to each subaccount of the Variable Account, we expect that each subaccount will comply with the diversification requirements prescribed by the Code and Regulations.

#### OWNERSHIP TREATMENT
In certain circumstances, the owner of a non-qualified annuity contract may, for federal tax purposes, be considered the owner of the assets of the Variable Account supporting the annuity. In those circumstances, income and gains from Variable Account investments are currently includible in the gross income of the annuity owner. The IRS, in published rulings, has ruled that a variable contract owner will be considered the owner of Variable Account assets if the owner possesses incidents of ownership in those assets, such as the ability to exercise investment control over the assets. However, the ownership rights under the Certificate are substantially similar to the ownership rights described in certain IRS rulings where it was determined that contract owners were not owners of the assets of the Variable Account (and thus not currently taxable on the income and gains). Accordingly, we expect

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that holders of Certificates will not be considered the owner of the assets of the Variable Account. To the extent that the law changes on the issue of ownership of Variable Account assets, we reserve the right to change the Certificate as necessary to attempt to prevent you from being considered the owner of the Variable Account assets. However, there is no assurance that our efforts would be successful.

#### DELAYED ANNUITY STARTING DATE
If the annuity starting date occurs (or is scheduled to occur) when the annuitant has reached an advanced age (e.g., 95), it is possible that the Certificate might not be treated as an annuity for federal income tax purposes. In that event, the income and gains under the Certificate could be currently includable in income.

#### INCOME TAXATION OF ANNUITIES
The discussion under this "Income Taxation of Annuities" section assumes that the Certificate will be treated as an annuity for federal income tax purposes. It further assumes that the Certificate is not a Qualified Certificate held in connection with a retirement plan that receives favorable treatment under the Code (referred to herein as "Qualified Plans") unless otherwise specifically noted. For a discussion of certain federal income tax matters pertaining to the purchase and ownership of Qualified Certificates, see "Qualified Plans."

#### TAX DEFERRAL DURING ACCUMULATION PERIOD
Under the Code, except as described below, increases in a Nonqualified Certificate's Accumulated Value are generally not taxable to the owner or annuitant until received as annuity payments or otherwise distributed.

#### MEDICARE HOSPITAL INSURANCE TAX ON CERTAIN DISTRIBUTIONS
Distributions from non-qualified annuity policies will be considered "investment income" for purposes of the Medicare tax on investment income. Thus, in certain circumstances, a 3.8% tax may be applied to some or all of the taxable portion of distributions (e.g., earnings) to individuals whose income exceeds certain threshold amounts. For more information regarding this tax and whether it may apply to you, please consult your tax advisor.

#### TAXATION OF WITHDRAWALS, ASSIGNMENTS AND PLEDGES
Cash withdrawals and the value of any part of a Certificate that is pledged or assigned, are taxable as income to the extent that the Accumulated Value of the Certificate immediately before the payment exceeds the "investment in the contract." This excess is referred to as the "income on the contract." "Investment in the contract" equals the total of premium payments (to the extent such payments were neither deductible when made or excludible from income as, for example, in the case of certain contributions to Qualified Certificates) minus any amounts previously received from the Certificate that were not includible in your income. All amounts includable in income with respect to the Certificate are taxed as ordinary income; no amounts are taxed at special lower rates applicable to long-term capital gains and corporate dividends. Systematic withdrawals made from your Certificate will be treated as partial surrenders, as described above. Taxable amounts described in this section may also be subject to a 10% penalty tax (see "Penalty Tax on Premature Distributions") and be subject to federal income tax withholding requirements (see "Federal Income Tax Withholding").

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Other than in the case of Qualified Certificates (which generally cannot be assigned or pledged), any assignment or pledge of (or agreement to assign or pledge) any portion of the value of the Certificate is treated for federal income tax purposes as a surrender of such amount or portion. In the case of an assignment or pledge, the investment in the contract is increased by the amount included in taxable income by reason of the assignment or pledge, though it is not affected by any other aspect of the assignment or pledge (including its release).

If the board of directors requires the Certificate owner to make additional payments in connection with the general account reserves becoming impaired, and such payments are not made, the debt levied against the Certificate will be treated in the same manner as a pledge for federal income tax purposes.

#### GRATUITOUS TRANSFERS
If an owner transfers a Certificate without adequate consideration to a person other than the owner's spouse (or to a former spouse incident to divorce), the owner will be taxed on the difference between his or her Surrender Value and the investment in the contract at the time of transfer. In such case, the transferee's investment in the contract will increase by the amount included in taxable income by the transferor.

#### COMPLETE SURRENDER, REDEMPTION OR MATURITY
Amounts received on complete Surrender, redemption or maturity are includible in income only to the extent the amount received exceeds the investment in the contract. The gain is ordinary income, not capital gain.

#### PENALTY TAX ON PREMATURE DISTRIBUTIONS
Generally, a 10% penalty tax applies to the amount of any taxable payment from a Nonqualified Certificate. Exceptions to this general rule include:

• payments received on or after the owner reaches age 59 <sup>1</sup> ⁄ 2 ;

• payments received on account of the owner becoming disabled (as defined in the Code);

• payments made to a beneficiary on or after the owner's death or, for non-natural owners, after the primary annuitant's death;

• payments made as a series of substantially equal periodic payments (at least annually) for the owner's life (or life expectancy) or for the joint lives (or joint life expectancies) of the owner and a designated beneficiary (within the meaning of the Code); or

• payments made under a Certificate purchased with a single premium when the annuity starting date is no later than a year from the date of Certificate purchase and substantially equal periodic payments are made at least annually.

Other exceptions may be applicable under certain circumstances and special rules may be applicable in connection with the exceptions enumerated above. In addition, a similar penalty tax, discussed under "Qualified Plans," applies to Qualified Certificates. You should consult a tax adviser with regard to exceptions from the penalty tax.

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#### AGGREGATION OF CONTRACTS
In certain circumstances, the taxable amount of an annuity payment, withdrawal, or surrender from a Non-Qualified Certificate may be determined by combining some or all of the annuity contracts you own. For example, if you purchase a Certificate and also purchase an immediate annuity at approximately the same time, the IRS may treat the two as one annuity contract. If a person purchases two or more annuity Certificates from us during any calendar year, all such Certificates will be treated as one annuity contract for purposes of determining whether any payment not received as an annuity (including withdrawals and surrenders prior to the annuity starting date) is includible in income. The effects of aggregation are not always clear. However, it could affect the taxable amount of an annuity payment or withdrawal and the amount that might be subject to the 10% penalty tax as described above.

#### TAXATION OF ANNUITY PAYMENTS
Normally, the portion of each annuity payment taxable as ordinary income equals the excess of the payment over the exclusion amount. The exclusion amount is determined by multiplying (1) the payment by (2) the ratio of the investment in the contract, adjusted for any period certain or refund feature, to the total expected amount of annuity payments for the term of the Certificate (determined under the Regulations). Once the total amount of the investment in the contract is excluded using this formula, annuity payments will be fully taxable. If annuity payments stop because the annuitant dies before the total amount of the investment in the contract is recovered, the unrecovered amount generally is allowed as a deduction to the annuitant in the last taxable year. Annuity payments may be subject to federal income tax withholding requirements (see "Federal Income Tax Withholding").

There may be special income tax issues present in situations where the owner and annuitant are not the same person and are not married (as defined by federal law) to one another. You should consult with and must rely upon your own tax adviser in those situations.

#### TAXATION OF CERTIFICATE BENEFITS AT DEATH
Amounts may be distributed upon your or the annuitant's death, either before or after the annuity starting date.

Before the annuity starting date, death proceeds are includible in income and:

• if distributed in a lump sum they are taxed in the same manner as a full surrender, or

• if distributed under an annuity payment option they are taxed like annuity payments.

After the annuity starting date, if a guaranteed period exists under a life contingent annuity payment option and the annuitant dies before the end of that period, payments made to the beneficiary for the remainder of that period are includible in income as follows:

• if received in a lump sum they are includible in income if they exceed the unrecovered investment in the contract at that time; or

• if distributed in accordance with the annuity payment option selected by the decedent they are fully excluded from income until the remaining investment in the contract is deemed to be recovered, and all annuity payments thereafter are fully includable in income.

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Proceeds payable on death may be subject to federal income tax withholding requirements (see "Federal Income Tax Withholding").

#### LOSS OF INTEREST DEDUCTION WHERE CERTIFICATES ARE HELD BY OR FOR THE BENEFIT OF CERTAIN NON-NATURAL PERSONS
In the case of a Certificate held by a non-natural owner (e.g., a corporation), all or some portion of otherwise deductible interest may not be deductible by the owner, regardless of whether the interest relates to debt used to purchase or carry the Certificate. However, this interest deduction disallowance does not affect Certificates where the owner is taxable each year on the investment income under the Certificate. Entities considering purchasing a Certificate, or entities that will be beneficiaries under a Certificate, should consult and must rely on their own tax adviser.

#### POLICY EXCHANGES
You can exchange certain life insurance, endowment, nonqualified annuity, and long term care contracts tax-free under Section 1035 of the Code if certain requirements are satisfied. If you already own an annuity or life insurance contract issued by another insurer, you are generally able to exchange that contract for a Certificate issued by us without incurring tax as a result of the exchange. Often these exchanges may result in surrender charges and losses or reductions in benefits such as the guaranteed minimum death benefit. If, after careful evaluation, you determine an exchange may be in your best interest, please make sure you comply with the income tax rules and Regulations that apply. For example, to receive tax-free treatment, a contract generally must be exchanged for the Certificate. If you simply surrender a contract and apply the proceeds of that contract towards the purchase of a Certificate, you will not qualify to receive tax-free treatment under Section 1035 of the Code and you will be taxed in the manner provided under "COMPLETE SURRENDER, REDEMPTION OR MATURITY." If no cash or other non-like kind property is received in connection with any exchange, any gain will not be recognized. The investment in the contract of the new Certificate at the time of the exchange will be the same as the investment in the contract of the prior contract. Your Accumulated Value immediately after the exchange may exceed your investment in the contract. This excess may be includable in income should amounts subsequently be withdrawn or distributed from the Certificate (e.g., as a withdrawal, surrender, annuity payment, or death benefit). If you exchange part of an existing annuity contract for a Certificate, and within 180 days of the exchange you receive a payment (e.g., you make a withdrawal) from either the old annuity contract or the Certificate, the exchange may not be treated as a tax-free exchange. Rather, the exchange may be treated as if you had made a partial surrender from the old contract and then purchased the Certificate. In these circumstances, some or all of the amount exchanged into the Certificate could be includible in your income and subject to a 10% penalty tax.

There are various circumstances in which a partial exchange followed by receipt of a payment within 180 days of the exchange is unlikely to affect the tax-free treatment of the exchange.

If you are considering a policy exchange, you should consult with and must rely upon your own professional tax adviser to ensure that the requirements of Code Section 1035 are met.

#### QUALIFIED PLANS
The Certificates are also designed for use in connection with retirement plans that receive favorable treatment under the Code such as certain workplace retirement plans (e.g., 401(a) plans, 403(b) plans,

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457(b) plans), Individual Retirement Annuities, Roth Individual Retirement Annuities, Simplified Employee Pension Plans and annuities for a Savings Incentive Match Plan for Employees ("Qualified Plans"). As previously noted, such Certificates are referred to herein as "Qualified Certificates." Numerous special tax rules apply to the participants in Qualified Plans and to Qualified Certificates. We make no attempt in this prospectus to provide more than general information about use of a Certificate with the various types of Qualified Plans. State income tax rules applicable to Qualified Plans and Qualified Certificates often differ from federal income tax rules, and this prospectus does not describe any of these differences.

Qualified Certificates generally will be amended as necessary to conform to plan requirements. However, you are cautioned that the rights of any person to any benefits under Qualified Plans may be subject to the terms and conditions of the plans themselves, regardless of the terms and conditions of the Qualified Certificate. In addition, we may not be bound by terms and conditions of Qualified Plans if they are inconsistent with the Certificate as it may be amended. Those who intend to use the Certificate in connection with Qualified Plans should consult with and must rely upon their own tax advisers.

The tax rules applicable to Qualified Plans vary according to the type of plan and the terms and conditions of the plan and they take precedence over the general annuity tax rules described above. For example, in the case of both withdrawals and annuity payments under certain Qualified Certificates, there may be no "investment in the contract" and the total amount received may be taxable. The includible amount is taxed at ordinary income tax rates. Also, while currently not permitted by your Certificate, loans from Qualified Certificates, where allowed, are subject to a variety of limitations, including restrictions as to the amount that may be borrowed, the duration of the loan and the manner in which the loan must be repaid. (You should always consult with and rely upon your tax adviser and retirement plan fiduciary prior to exercising loan privileges.) Both the amount of the contribution that may be made to acquire a Qualified Certificate, and the tax deduction or exclusion that may be claimed for such contribution, are limited under Qualified Plans.

If a Certificate is used with a Qualified Plan, you and the annuitant generally must be the same individual and the annuitant generally may not be changed. For Qualified Certificates issued in connection with Code Section 401 Qualified Plans and other retirement plans subject to the Employee Retirement Income Security Act ("ERISA"), the spouse or former spouse of the owner will have rights in the Qualified Certificate. In such a case, the owner may need the consent of the spouse or former spouse to change annuity payment options, to elect a partial automatic withdrawal option, or to make a partial or full surrender of the Qualified Certificate.

Qualified Certificates are subject to special rules specifying the time at which distributions must begin and the amount that must be distributed each year. For example, the length of any guarantee period may be limited in some circumstances to satisfy certain minimum distribution requirements under the Code. An excise tax is imposed for the failure to comply with the minimum distribution requirements. This excise tax generally equals 25% of the amount by which the minimum required distribution exceeds the actual distribution but is reduced to 10% if a distribution of the shortfall is made within two years and to the date the excise tax is assessed or imposed by the IRS. In the case of individual retirement annuities, distributions of minimum amounts must generally begin by the required beginning date as defined in Section 401(a)(9)(C)(i) of the Code, which is April 1 of the calendar year following the calendar year in which the owner attains their applicable age, which is defined in Section 401(a)(9)(C)(v) of the Code. If the individual attains (1) age 70<sup>1</sup>⁄2 before 2020, the applicable

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age is 70<sup>1</sup>⁄2; (2) age 72 during or after 2020 but before 2023, the applicable age is 72; (3) age 72 during or after 2023 and age 73 before 2033, the applicable age is 73; or (4) age 74 after 2032, the applicable age is 75. In the case of certain other Qualified Plans, distributions of such minimum amounts must generally commence by the later of this date or April 1 of the calendar year following the calendar year in which the employee retires. The death benefit under your Qualified Certificate, as well as any other benefits that the IRS may characterize as "other benefits" for purposes of the regulations under Code Section 401(a)(9), may affect the amount of the minimum required distribution that must be taken from your Qualified Certificate.

Required Minimum Distribution rules also apply to death benefits under Qualified Certificates. Under Qualified Plans, most non-spouse beneficiaries will no longer be able to satisfy these rules by "stretching" payouts over life. Instead, those beneficiaries will have to take their post-death distributions within ten years. Certain exceptions apply to "eligible designated beneficiaries" which include disabled and chronically ill individuals, individuals who are ten or less years younger than the deceased individual, and children who have not reached the age of majority. This change applies to distributions to designated beneficiaries of individuals who die on and after January 1, 2020.

A 10% penalty tax may apply to the taxable amount of payments from Qualified Certificates. Various exceptions to this penalty may be available. For example, for individual retirement annuities, the penalty tax does not apply to a payment from your IRA Certificate:

• received after you reach age 59 <sup>1</sup> ⁄ 2 ;

• received after your death or because of your disability (as defined in the Code);

• made as a series of substantially equal periodic payments (at least annually) for your life (or life expectancy) or for the joint lives (or joint life expectancies) of you and your designated beneficiary (as defined in the Code); or

• received in connection with the birth or adoption of a child (up to $5,000).

These exceptions generally apply to taxable distributions from other Qualified Plans (although, in the case of plans qualified under Code Sections 401 and 403, the exception above for substantially equal periodic payments applies only if you (the owner) have separated from service.) In addition, the penalty tax does not apply to certain distributions from IRAs which are used for qualified first-time home purchases, for higher education expenses, for certain medical expenses or for payment of health insurance premiums made by unemployed individuals. Special conditions must be met to qualify for these exceptions. If you wish to take a distribution for these purposes you should consult with and must rely upon your own tax adviser. Certain other exceptions to the 10% penalty tax not described herein also may apply.

#### QUALIFIED PLAN TYPES
We may issue Qualified Certificates for the following types of Qualified Plans. Employers and individuals intending to use the Certificate in connection with these plans should consult with and must rely upon their own tax adviser.

#### Individual Retirement Annuities
The Code permits eligible individuals to contribute to an individual retirement annuity known as an "IRA." IRAs limit the amount contributed and deducted, the persons eligible and the time when

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distributions start. Also, subject to direct rollover and mandatory withholding requirements, distributions from other types of Qualified Plans may be "rolled over" on a tax-deferred basis into an IRA. A Certificate may not fund a "Coverdell Education Savings Account" (formerly known as an "Education IRA").

#### Simplified Employee Pensions (SEP IRAs)
The Code allows employers to establish simplified employee pension plans, using the employees' IRAs. Under these plans the employer may make limited deductible contributions on behalf of the employees to IRAs.

#### SIMPLE IRAs
The Code permits certain small employers to establish a Savings Incentive Match Plan for Employees or "SIMPLE" IRAs, for their employees. Under SIMPLE IRAs, certain deductible contributions are made by both employees and employers. SIMPLE IRAs are subject to various requirements, including limits on the amounts that may be contributed, the persons who may be eligible and the time when distributions may commence.

#### Roth IRAs
Section 408A of the Code permits eligible individuals to contribute to an IRA known as a "Roth IRA." Roth IRAs are generally subject to the same rules as other IRAs, but differ from other IRAs in certain respects, including:

• Roth IRA contributions are never deductible;

• "qualified distributions" from a Roth IRA are excludible from income;

• mandatory distribution rules do not apply before death;

• a rollover to a Roth IRA must be a "qualified rollover contribution;" and

• under the Code, special eligibility requirements must be satisfied to make contributions other than by rollover or transfer.

A "qualified rollover contribution" to a Roth IRA can be made from:

• a Roth IRA;

• a non-Roth IRA;

• a "designated Roth account" maintained under a Qualified Plan; or

• a non-Roth account of a Qualified Plan.

All or part of a traditional IRA may be converted into a Roth IRA without taking an actual distribution. A conversion typically results in the inclusion of some or all of the IRA value in gross income, except that the 10% penalty tax does not apply. Income limits with respect to your "modified adjusted gross income" apply for purposes of making contributions, other than by rollover or transfer, to a Roth IRA.

Any "qualified distribution," as defined in Section 408A of the Code, from a Roth IRA is excludible from gross income. A qualified distribution includes a distribution you have held in a Roth IRA for five (5) years, if the distribution is made:

• on or after you reach age 59 <sup>1</sup> ⁄ 2 ; or

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• to a beneficiary after your death; or

• because of your disability; or

• to a first-time homebuyer who meets certain requirements.

Other exceptions may be applicable under certain circumstances.

#### Section 403(b) Annuities
Section 403(b) of the Code permits public school employees and employees of certain types of religious, charitable, educational and scientific organizations to have their employers purchase annuity contracts (or custodial accounts which hold mutual funds) for them and, subject to certain limitations, to exclude the amount of the purchase payments from gross income. These types of annuity contracts are commonly referred to as "tax-sheltered annuities" ("TSAs") or "section 403(b) contracts." Prior to January 1, 2009, you could purchase a Certificate with a special endorsement for use as a section 403(b) annuity contract. In the following discussion, we refer to the Certificates that we issued for use in this manner, as well as annuity contracts issued by other insurers for such use, as "Section 403(b) Contracts." WoodmenLife no longer issues TSA Certificates and no longer accepts any additional contributions into existing Section 403(b) Contracts.

We will continue to administer existing Section 403(b) Contracts held under an employer's TSA Plan in accordance with the requirements of section 403(b). WoodmenLife will also share information with your employer regarding the Section 403(b) Contracts held under the TSA Plan. In addition, to the extent permitted under the TSA Plan, we will allow owners of Section 403(b) Contracts, free of any otherwise applicable surrender charges, to:

• Exchange their Section 403(b) Contracts for other Section 403(b) Contracts held under the TSA Plan that are issued by vendors eligible to receive contributions under the TSA Plan; and

• Roll over their Section 403(b) Contracts to an eligible retirement plan, such as a traditional IRA (or a Roth IRA).

Section 403(b) Contracts must contain restrictions on distributions attributable to:

• Contributions made pursuant to a salary reduction agreement in years beginning after December 31, 1988;

• Earnings on those contributions; and

• Earnings after December 31, 1988, on amounts attributable to salary reduction contributions held as of December 31, 1988.

Amounts described in the prior paragraph can be distributed only:

• If you have reached age 59 <sup>1</sup> ⁄ 2 ,

• If you have had a severance from employment,

• If you have died or become disabled (within the meaning of the Code),

• In the case of hardship (within the meaning of applicable provision of the Code),

• If the distribution is a qualified reservist distribution under section 72(t)(2)(G) of the Code, or

• If the distribution is in connection with the birth or adoption of a child (up to $5,000).

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Other exceptions may be applicable under certain circumstances and special rules may be applicable in connection with the exceptions enumerated above. Effective for plans beginning on or after January 1, 2024, TSA plans may permit distributions in the event of hardship to be made from amounts attributable to employee elective deferrals, qualified nonelective contributions, qualified matching contributions, and earnings attributable to such amounts. Under prior provisions, distributions in the event of hardship generally were limited to amounts attributable to employee elective deferrals.

Amounts subject to the withdrawal restrictions applicable to Section 403(b) custodial accounts holding mutual funds may be subject to more stringent restrictions. The foregoing limitations on withdrawals and distributions generally do not apply to a transfer of some or all of the value of a Section 403(b) Contract directly to the issuer of another Section 403(b) Contract or into a Section 403(b) custodial account holding mutual funds.

Subject to certain exceptions, the Regulations impose a written plan requirement and an information sharing requirement on Section 403(b) Contracts. Pursuant to these requirements, a rollover to a Section 403(b) Contract from an eligible retirement plan, a transfer to a TSA Plan from another TSA Plan, and the exchange of a Section 403(b) Contract for another Section 403(b) Contract under the same TSA Plan must be permitted under the TSA Plan pursuant to which the contract is maintained. In addition, the issuer of the Section 403(b) Contract and the employer maintaining the TSA Plan must agree to provide each other, from time to time, with information necessary for the Section 403(b) Contract, or any other contract to which contributions have been made by the employer, to satisfy Section 403(b) and other tax requirements. Failure to satisfy these requirements could result in adverse tax consequences to the owner of the Section 403(b) Contract, including current taxation of amounts that would otherwise be tax deferred.

We will not accept a rollover, transfer, or exchange into a Section 403(b) Contract.

A rollover, transfer, or exchange from your Section 403(b) Contract with us to another Section 403(b) Contract may be made only if the other Section 403(b) contract is maintained pursuant to a TSA Plan that permits the rollover, transfer or exchange. Before requesting a rollover, transfer, or exchange to another Section 403(b) Contract, you should consult your tax adviser about the income tax consequences of the proposed transaction.

#### Corporate and Self-Employed Pension and Profit-Sharing Plans
Sections 401(a) and 403(a) of the Code permit corporate employers to establish various types of tax- favored retirement plans for employees. Self-employed individuals may also establish such tax-favored retirement plans for themselves and their employees. Such retirement plans may permit the purchase of a Certificate in order to provide benefits under the plans.

#### ROLLOVER DISTRIBUTIONS
If a Certificate is used with a retirement plan that is qualified under Sections 401(a), 403(a) or 403(b) of the Code, any "eligible rollover distribution" from the Certificate will be subject to "direct rollover" and mandatory withholding requirements. An eligible rollover distribution generally is any taxable distribution from such a qualified retirement plan, excluding certain amounts such as:

• minimum distributions required under Section 401(a)(9) of the Code;

• distributions made as a result of hardship (as defined in the Code); and

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• certain distributions for life, life expectancy, or for ten (10) years or more that are part of a "series of substantially equal periodic payments."

Under these requirements, federal income tax equal to 20% of the eligible rollover distribution will be withheld from the amount of the distribution.

Unlike withholding on certain other amounts distributed from a Certificate, discussed below, you cannot elect out of withholding with respect to an eligible rollover distribution. However, this 20% withholding will not apply if, instead of receiving the eligible rollover distribution, you elect to have it directly transferred to an eligible retirement plan. Prior to receiving an eligible rollover distribution, a notice will be provided explaining generally the direct rollover and mandatory withholding requirements and how to avoid the 20% withholding by electing a direct rollover.

Distributions that are rolled over from an IRA to another IRA within 60 days are not immediately taxable, however only one such rollover is permitted each year. Under federal tax law, an individual can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs that are owned. The limit will apply by aggregating all of an individual's IRAs, including SEP and SIMPLE IRAs as well as traditional and Roth IRAs, effectively treating them as one IRA for purposes of the limit. This limit does not apply to direct trustee-to-trustee transfers or conversions to Roth IRAs.

#### FEDERAL INCOME TAX WITHHOLDING
We withhold and send to the U.S. government a part of the taxable portion of each distribution unless the payee notifies us before distribution that he or she elects not to have any amounts withheld. In certain circumstances, we may be required to withhold tax. The withholding rates for the taxable portion of periodic annuity payments are the same as the withholding rates for wage payments. In addition, the withholding rate for the taxable portion of non- periodic payments (including withdrawals prior to the maturity date and conversions of, or rollovers from, non-Roth IRAs to Roth IRAs) is currently 10%. The current federal withholding rate for eligible rollover distributions is 20%. Whether or not federal income tax is withheld, the Certificate owner (or other applicable taxpayer) remains liable for payment of federal income tax on Certificate distributions.

#### DEFINITION OF SPOUSE UNDER FEDERAL LAW
The Certificate provides that upon your death, a surviving spouse may have certain continuation rights that he or she may elect to exercise. All Certificate provisions relating to spousal continuation are available only to a person who meets the definition of "spouse" under federal law. The U.S. Supreme Court has held that same-sex marriages must be permitted under state law and that marriages recognized under state law will be recognized for federal law purposes. Domestic partnerships and civil unions that are not recognized as legal marriages under state law, however, will not be treated as marriages under federal law. Consult a tax adviser for more information on this subject.

#### POSSIBLE TAX LAW CHANGES
Although the likelihood of legislative changes is uncertain, there is always the possibility that the tax treatment of the Certificate could change by legislation or otherwise. Consult a tax adviser with respect to legislative developments and their effect on the Certificate.

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We have the right to modify the Certificate in response to legislative changes that could otherwise diminish the favorable tax treatment that annuity contract owners currently receive. We make no guarantee regarding the tax status or treatment of any certificate and do not intend the above discussion as tax advice.

### OTHER INFORMATION

#### RIGHTS RESERVED BY WOODMENLIFE
We reserve the right to make certain changes to or under the Certificate when such changes would serve your interests or if it would carry out the purposes of your Certificate. We can only make these changes when permitted by law and we will also obtain all required regulatory approvals. Some examples of such changes are:

• to operate the Variable Account in any form allowed under the 1940 Act or in any other form allowed by law;

• add, delete, combine or modify subaccounts in the Variable Account;

• restrict or otherwise eliminate any voting rights of Certificate owners or other persons who have voting rights as to the Variable Account;

• add, delete or substitute, for the Fund shares held in any subaccount, the shares of another fund or any other investment allowed by law; and

• make any amendments to the Certificates necessary to comply with the provisions of the Code or any other applicable federal or state law.

#### DISTRIBUTION ARRANGEMENTS
Woodmen Financial Services, Inc., a Nebraska corporation ("WFS"), is the principal underwriter of the Certificates. It is our wholly owned, indirect subsidiary and its offices are located at 1700 Farnam Street, Omaha, NE 68102. WFS is a member of the Financial Industry Regulatory Authority, Inc. ("FINRA") and is a broker-dealer registered with the SEC under the Securities Exchange Act of 1934.

WFS Registered Representatives are licensed with FINRA and must also be licensed by state insurance departments to sell the Certificates. Although WFS is currently the sole distributor for the Certificate, we may permit selling agreements with other broker-dealer firms to sell the Certificates. In addition, we may retain other firms to serve as principal underwriter of the Certificates. Certificates may not be available in all states.

WFS uses us as its paying agent to pay its Registered Representatives commissions and other distribution compensation on the sale of Certificates. This arrangement will not result in any charge to you in addition to the charges already described in this prospectus. We will pay Registered Representatives a commission of not more than 5% of the premiums paid on the Certificates. In addition to direct compensation, Registered Representatives may be eligible to receive other benefits based on the amount of earned commissions. These benefits may include such things as health care and pension/retirement programs as well as sales-related programs such as office allowances. Compensation may be paid in the form of non- cash compensation, subject to applicable regulatory requirements.

#### Prospectus 54

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We intend to recoup commissions and other sales expenses through fees and charges imposed under the Certificate. Commissions paid on the Certificate, including other incentives or payments, are not charged directly to the owners or the Variable Account.

#### INFORMATION ON REPLACEMENTS
It may not be in your interest to replace your existing annuity, life insurance contract, or mutual fund with this Certificate. You should replace an existing contract only when you determine that this Certificate is a better investment for you. You may have to pay a surrender charge on your existing contract, and the Certificate described in this prospectus will impose a new surrender charge period. If you do consider replacing an existing contract, you should compare the benefits and cost of continuing to own your existing contract, as well as any fees or penalties to terminate your existing contract, with the benefits and cost of purchasing a new Certificate. You should talk to your professional tax adviser to make sure that you understand the tax consequences, as not all exchanges will be tax-free. Tax-free treatment is only applicable to certain exchanges involving life insurance and annuity contracts. If you surrender your existing contract for cash and then buy the Certificate described in this prospectus, you may have to pay a tax, including possibly a penalty tax, on the surrender. Likewise, if you sell or redeem mutual funds and then use the proceeds to buy the Certificate, you may have to pay taxes on the sale or redemption.

#### CERTIFICATE OWNER MAILINGS
When multiple copies of the same disclosure document(s), such as prospectuses or shareholder reports, are required to be mailed to multiple Certificate owners at the same address(es), consistent with applicable law, we may mail only one copy to each address shared by the Certificate owners if we reasonably believe they are from the same family or household. If you would like to discontinue householding for your accounts, please call toll-free 1-877-664-3332 to request individual copies of these documents. Once we receive notice to stop householding, we will begin sending individual copies thirty days after receiving your request. This policy does not apply to account statements.

#### LEGAL PROCEEDINGS
Like other financial services companies, we are involved in various lawsuits and contingencies that have arisen from the normal conduct of business, including claims that appear to be similar to claims asserted in class actions brought against many life insurers and other fraternal benefit societies. In some such lawsuits, substantial damages have been sought and/or material settlement payments have been made. Although the outcome of any litigation cannot be predicted with certainty, we believe that, at the present time, there are no pending or threatened lawsuits that are reasonably likely to have a material adverse impact on the Account, on the ability of WFS to perform under its principal underwriting agreement, or on our ability to meet our obligations under the Certificates.

#### FINANCIAL STATEMENTS
The financial statements of WoodmenLife and the Variable Account are included in the Statement of Additional Information. The back cover page of this prospectus includes instructions on how to request a Statement of Additional Information free of charge.

#### Prospectus 55

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### APPENDIX: INVESTMENT OPTIONS AVAILABLE UNDER

### THE CERTIFICATE
(a) Variable Options

The following is a list of Funds available under the Certificate. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time. You can also request this information at no cost by calling 1-877-664-3332 or by sending an email request to WFSOperationsTeam@woodmenlife.org.

The current expenses and performance information below reflects fees and expenses of the Funds, but do not reflect the other fees and expenses that your Certificate may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Fund's past performance is not necessarily an indication of future performance. Updated performance information is available at www.woodmenlife.org/retirement.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Investment Objective | Fund Name and<br>Adviser/ Sub-adviser | Current<br>Expenses | Average Annual Total Returns<br>(as of 12/31/25) | Average Annual Total Returns<br>(as of 12/31/25) | Average Annual Total Returns<br>(as of 12/31/25) |
| &nbsp;&nbsp;&nbsp;Investment Objective | Fund Name and<br>Adviser/ Sub-adviser | Current<br>Expenses | 1 year | 5 year | 10 year |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks to provide long-term growth of capital | Global Growth Fund, Class 2<sup>1</sup><br>Adviser: Capital Research and Management Company<sup>SM</sup> | 0.67% | 21.62% | 8.23% | 12.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks to provide long-term growth of capital | Global Small Capitalization Fund, Class 2<sup>1</sup><br>Adviser: Capital Research and Management Company<sup>SM</sup> | 0.90% | 14.64% | 0.49% | 7.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks to provide growth of capital | Growth Fund, Class 2<br>Adviser: Capital Research and Management Company<sup>SM</sup> | 0.59% | 20.24% | 13.37% | 17.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks to provide long-term growth of capital while providing current income | Capital World Growth and Income Fund, Class 2<sup>1</sup><br>Adviser: Capital Research and Management Company<sup>SM</sup> | 0.67% | 24.80% | 10.29% | 11.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks to achieve long-term growth of capital and income | Growth-Income Fund, Class 2<br>Adviser: Capital Research and Management Company<sup>SM</sup> | 0.53% | 18.06% | 13.90% | 13.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks to provide long-term growth of capital while providing current income | International Growth and Income Fund, Class 2<br>Adviser: Capital Research and Management Company<sup>SM</sup> | 0.81% | 35.41% | 7.69% | 7.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks to provide high total return (including income and capital gains) consistent with preservation of capital over the long term | Asset Allocation Fund, Class 2<br>Adviser: Capital Research and Management Company<sup>SM</sup> | 0.55% | 15.85% | 8.97% | 9.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks long-term capital appreciation | VIP Contrafund<sup>SM</sup> Portfolio, Service Class<br>Adviser: Fidelity Management & Research Company<br>Sub-adviser: FMR Co., Inc. and other Fidelity affiliates | 0.64% | 21.42% | 15.26% | 15.66% |

---

#### Prospectus 56

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Investment Objective | Fund Name and<br>Adviser/ Sub-adviser | Current<br>Expenses | Average Annual Total Returns<br>(as of 12/31/25) | Average Annual Total Returns<br>(as of 12/31/25) | Average Annual Total Returns<br>(as of 12/31/25) |
| &nbsp;&nbsp;&nbsp;Investment Objective | Fund Name and<br>Adviser/ Sub-adviser | Current<br>Expenses | 1 year | 5 year | 10 year |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks reasonable income. The fund will also consider the potential for capital appreciation. The fund's goal is to achieve a yield which exceeds the composite yield on the securities comprising the S&P 500<sup>®</sup> Index | VIP Equity-Income Portfolio<sup>SM</sup>, Service Class<sup>1</sup><br>Adviser: Fidelity Management & Research Company (FMR)<br>Sub-adviser: FMR Co., Inc. and other Fidelity affiliates | 0.56% | 18.92% | 12.41% | 11.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks capital appreciation | VIP Growth Portfolio, Service Class<sup>1</sup><br>Adviser: Fidelity Management & Research Company (FMR)<br>Sub-adviser: FMR Co., Inc. and other Fidelity affiliates | 0.65% | 14.80% | 13.59% | 17.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks high total return through a combination of current income and capital appreciation | VIP Growth & Income Portfolio, Service Class<br>Adviser: Fidelity Management & Research Company (FMR)<br>Sub-adviser: FMR Co., Inc. and other Fideli affiliates | 0.57% | 21.39% | 15.99% | 13.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks long-term growth of capital | VIP Overseas Portfolio, Service Class<br>Adviser: Fidelity Management & Research Company (FMR)<br>Sub-adviser: FMR Co., Inc., FMR Investment Management (UK) Limited and other Fidelity affiliates | 0.82% | 20.28% | 6.51% | 7.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks as high a level of current income as is consistent with preservation of capital and liquidity | VIP Government Money Market Portfolio, Service Class<br>Adviser: Fidelity Management & Research Company<br>Sub-adviser: FMR Co., Inc. and other Fidelity affiliates | 0.35% | 4.03% | 3.02% | 1.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks investment results that correspond to total return performance of<br>U.S. common stocks, as<br>represented by the S&P 500 Index | Calvert VP S&P 500 Index Portfolio<sup>1</sup><br>Adviser: Calvert Research and Management<br>Sub-adviser: Ameritas Investment Partners, Inc. | 0.28% | 17.50% | 14.09% | 14.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks investment results that correspond to total return performance of<br>U.S. common stocks, as represented by the S&P MidCap 400 Index | Calvert VP S&P MidCap 400 Index Portfolio, Class I<sup>1</sup><br>Adviser: Calvert Research and Management<br>Sub-adviser: Ameritas Investment Partners, Inc. | 0.33% | 7.14% | 8.77% | 10.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks investment results that correspond to investment performance of U.S. common stocks, as represented by the Russell 2000 Index | Calvert VP Russell 2000 Small Cap Index Portfolio, Class I<sup>1</sup><br>Adviser: Calvert Research and Management<br>Sub-adviser: Ameritas Investment Partners, Inc. | 0.39% | 12.45% | 5.83% | 9.32% |

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#### Prospectus 57

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Investment Objective | Fund Name and<br>Adviser/ Sub-adviser | Current<br>Expenses | Average Annual Total Returns<br>(as of 12/31/25) | Average Annual Total Returns<br>(as of 12/31/25) | Average Annual Total Returns<br>(as of 12/31/25) |
| &nbsp;&nbsp;&nbsp;Investment Objective | Fund Name and<br>Adviser/ Sub-adviser | Current<br>Expenses | 1 year | 5 year | 10 year |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks investment results that correspond to investment performance of U.S. common stocks, as represented by the NASDAQ 100 Index | Calvert VP NASDAQ-100 Index Portfolio, Class I<sup>1</sup><br>Adviser: Calvert Research and Management<br>Sub-adviser: Ameritas Investment Partners, Inc. | 0.48% | 20.39% | 14.73% | 19.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks investment results that correspond to total return performance of the bond market, as represented by the Bloomberg<br>U.S. Aggregate Bond Index | Calvert VP Investment Grade Bond Index Portfolio, Class I<sup>1</sup><br>Adviser: Calvert Research and Management<br>Sub-adviser: Ameritas Investment Partners, Inc. | 0.32% | 6.90% | -0.44% | 1.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks investment results that correspond to total return performance of common stocks, as represented by the MSCI EAFE Index | Calvert VP EAFE International Index Portfolio, Class I<sup>1</sup><br>Adviser: Calvert Research and Management | 0.48% | 30.90% | 8.53% | 7.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks to maximize income while maintaining prospects for capital appreciation | Franklin Income VIP Fund, Class 2<sup>1</sup><br>Adviser: Franklin Advisors, Inc. | 0.72% | 12.56% | 7.66% | 7.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks high level of current income. A secondary goal is long-term capital appreciation | Franklin Strategic Income VIP Fund, Class 2<sup>1</sup><br>Adviser: Franklin Advisors, Inc. | 1.05% | 7.24% | 1.92% | 3.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks high current income, consistent with preservation of capital, with capital appreciation as a secondary consideration | Templeton Global Bond VIP Fund, Class 2<sup>1</sup><br>Adviser: Franklin Advisors, Inc. | 0.71% | 15.73% | -0.96% | -0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks long-term capital appreciation, with preservation of capital as an important consideration | Franklin Rising Dividends VIP Fund, Class 2<sup>1</sup><br>Adviser: Franklin Advisors, Inc. | 0.88% | 11.80% | 9.50% | 12.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks capital appreciation | Franklin Mutual Global Discovery VIP Fund, Class 2<br>Adviser: Franklin Mutual Advisors, LLC | 1.16% | 23.34% | 12.00% | 8.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks maximum real return, consistent with preservation of real capital and prudent investment management | PIMCO Real Return Portfolio Administrative Class<br>Adviser: Pacific Investment Management Company LLC | 1.39% | 7.85% | 1.21% | 3.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;Seeks maximum total return, consistent with preservation of capital and prudent investment management | PIMCO Low Duration Portfolio Administrative Class<br>Adviser: Pacific Investment Management Company LLC | 0.66% | 5.52% | 1.57% | 1.79% |

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<sup>(1)</sup> This Fund's annual expenses reflect temporary fee reductions pursuant to an expense reimbursement or fee waiver arrangement.

#### Prospectus 58

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(b) Fixed Options

The following is the fixed option currently available under the Certificate. To the extent permitted by the Certificate, we may change the features of the fixed option listed below, offer new fixed options, and terminate existing fixed options. We will provide you with written notice before doing so. See "Fixed Account Valuation" for more information.

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; Name | Minimum Guaranteed Interest Rate |
| &nbsp;&nbsp;&nbsp; Fixed Account | 1% |

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#### Prospectus 59

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The Statement of Additional Information (SAI), dated May 1, 2026, includes additional information about the Certificate, the Variable Account, and WoodmenLife. The SAI is incorporated by reference into this prospectus. The SAI is available, without charge, upon request.

To obtain a free copy of the SAI, request other information about the Certificate or make inquiries, call 1-877-664-3332 or write to WoodmenLife at its Home Office at 1700 Farnam Street, Omaha, NE 68102.

Reports and other information about the Variable Account are available on the SEC's website at [www.sec.gov](#http://www.sec.gov/), and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

EDGAR Contract Identifier C000031125

#### Prospectus 60

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#### STATEMENT OF ADDITIONAL INFORMATION
Dated May 1, 2026

Offered By: Woodmen of the World Life Insurance Society, 1700 Farnam Street, Omaha, NE 68102

This Statement of Additional Information (SAI) is not a prospectus, but should be read in conjunction with the Prospectus dated May 1, 2026, for WoodmenLife Variable Annuity Account (the "Variable Account" or "Account") describing an individual Flexible Premium Deferred Variable Annuity Certificate (the "certificate") that Woodmen of the World Life Insurance Society ("WoodmenLife") is offering to persons eligible for membership in WoodmenLife. Terms used in this SAI that are not otherwise defined herein have the same meanings given to them in the Prospectus. A copy of the Prospectus may be obtained at no charge by writing Woodmen of the World Life Insurance Society, 1700 Farnam Street, Omaha, NE 68102, or by calling (877) 664-3332.

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| | |
|:---|:---|
| **TABLE OF CONTENTS** | |
|  [General Information](#sai66690_1) | SAI - 2 |
|  [Regulation and Reserves](#sai66690_2) | SAI – 2 |
|  [Non-Principal Risks of Investing in the Certificate](#sai66690_3) | SAI – 3 |
|  [Principal Underwriter](#sai66690_4) | SAI-3 |
|  [Legal Matters](#sai66690_5) | SAI -3 |
|  [Financial Statements](#sai66690_6) | SAI - 3 |
|  [Financial Statements](#sai66690_7) | F -1 |

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SAI - 1

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#### GENERAL INFORMATION
WoodmenLife is a fraternal benefit society organized under Internal Revenue Code section 501(c)(8) and established in 1890 under the laws of the State of Nebraska. WoodmenLife is a not-for-profit, non-stock, membership organization licensed to do business in all states and the District of Columbia (except it does not offer new products in New York). Membership in WoodmenLife is open to all individuals who share its values. WoodmenLife's members are joined together for insurance, community, and patriotic and volunteer opportunities. In addition to providing fraternal benefits to our members, we offer individual life insurance and annuity certificates in every state (except New York) and the District of Columbia.

On August 1, 2001, we established the Woodmen Variable Annuity Account pursuant to the laws of the State of Nebraska. This Account is a separate account, as defined under the Investment Company Act of 1940 (the "1940 Act"), and is registered with the SEC as a unit investment trust under the 1940 Act. On June 1, 2015, we changed the name of the Woodmen Variable Annuity Account to its current name, the "WoodmenLife Variable Annuity Account," to match the new service mark.

The assets of the Variable Account are held by WoodmenLife. The Variable Account has no third-party custodian.

#### STATE REGULATION AND RESERVES
WoodmenLife is subject to regulation by the Office of the Director of Insurance of the State of Nebraska and by insurance departments of other states and jurisdictions in which it is licensed to do business. This regulation covers a variety of areas, including benefit reserve requirements, adequacy of insurance company capital and surplus, various operational standards and accounting and financial reporting procedures. WoodmenLife's operations and accounts are subject to periodic examination by insurance regulatory authorities. The forms of certificates described in the Prospectus are filed with and (where required) approved by insurance officials in each state and jurisdiction in which certificates are sold.

Pursuant to state insurance laws and regulations, WoodmenLife is obligated to carry on its books, as liabilities, reserves to meet its obligations under outstanding insurance contracts. These reserves are based on assumptions about, among other things, future claims experience and investment returns. Neither the reserve requirements nor the other aspects of state insurance regulation provide absolute protection to holders of insurance contracts, including holders of these certificates, if WoodmenLife were to incur claims or expenses at rates significantly higher than expected or experience significant unexpected losses on its investments.

#### NON-PRINCIPAL RISKS OF INVESTING IN THE CERTIFICATE
All non-principal risks of purchasing a Certificate have been disclosed in the Prospectus.

SAI - 2

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#### PRINCIPAL UNDERWRITER
Woodmen Financial Services, Inc. ("WFS"), a wholly owned, indirect subsidiary of WoodmenLife, serves as the exclusive principal underwriter of the continuously offered certificates pursuant to a Principal Underwriting and Servicing Agreement to which WFS and WoodmenLife, on behalf of itself and the Variable Account, are parties. WFS's principal business address is 1700 Farnam Street, Omaha, NE 68102. The certificates will be sold through WoodmenLife representatives who are licensed by state insurance officials to sell the certificates and who are duly licensed Registered Representatives of WFS.

Representatives of other broker-dealer firms with which WFS has executed a selling agreement may also sell the certificates, although currently no such selling agreements are contemplated. In addition, WoodmenLife may engage other firms to serve as principal underwriters of the certificates but has not yet done so.

For the year 2023, WFS received $1,095,422.31 in commissions, of which it retained $100,697.12 and paid $994,725.19 to its Registered Representatives. For the year 2024, WFS received $1,682,630.70 in commissions, of which it retained $172,347.52 and paid $1,510,283.18 to its Registered Representatives. For the year 2025, WFS received $1,930,128.29 in commissions, of which it retained $186,994.00 and paid $1,743,134.29 to its Registered Representatives.

#### FINANCIAL STATEMENTS
Deloitte & Touche LLP has audited the balance sheets of WoodmenLife as of December 31, 2025 and 2024, and the related statutory basis statements of operations, changes in surplus, and cash flow for the years ended December 31, 2025 and 2024, and the financial information for the WoodmenLife Variable Annuity Account for the years ended December 31, 2025 and 2024. The financial statements and schedules have been included in reliance upon such reports. Deloitte & Touche LLP is an independent auditors, as referenced in their reports herein. The principal business address of Deloitte & Touche LLP is 1100 Capitol Avenue, Suite 300, Omaha, Nebraska 68102.

The audited statutory basis balance sheets of WoodmenLife as of December 31, 2025 and 2024, and the related statutory basis statements of operations, changes in surplus, and cash flow for each of the 3 years in the period ended December 31, 2025, and the financial information for the WoodmenLife Variable Annuity Account for the year ended December 31, 2025, appear in this SAI.

SAI - 3

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![LOGO](g66690dsp001.jpg)

Financial Statements & Other Financial Information—Statutory Basis Woodmen of the World Life Insurance Society Years Ended December 31, 2025, 2024 and 2023, and Independent Auditor's Report

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Woodmen of the World Life Insurance Society

Financial Statements – Statutory Basis

As of December 31, 2025 and 2024

Years Ended December 31, 2025, 2024, and 2023

### Contents

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| | |
|:---|:---|
|  [Report of Independent Auditors](#fin166690_1) | 1 |
|  [Financial Statements – Statutory Basis](#fin166690_2) |  |
|  [Balance Sheets – Statutory Basis](#fin166690_3) | 4 |
|  [Statements of Operations – Statutory Basis](#fin166690_4) |  |
|  [Statements of Changes in Surplus – Statutory Basis](#fin166690_5) | 6 |
|  [Statements of Cash Flow – Statutory Basis](#fin166690_6) | 8 |
|  [Notes to Financial Statements – Statutory Basis](#fin166690_7) | 9 |

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#### INDEPENDENT AUDITOR'S REPORT
Audit Committee of Woodmen of the World Life Insurance Society

#### Opinions
We have audited the statutory basis financial statements of Woodmen of the World Life Insurance Society (the "Company"), which comprise the statutory basis balance sheet as of December 31, 2025 and 2024, and the related statutory basis statements of operations, changes in surplus, and cash flow for the years then ended, and the related notes to the statutory basis financial statements (collectively referred to as the "statutory basis financial statements").

#### Unmodified Opinion on Statutory Basis of Accounting
In our opinion, the accompanying statutory basis financial statements present fairly, in all material respects, the admitted assets, liabilities, and surplus of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for the years then ended in accordance with the accounting practices prescribed or permitted by the Nebraska Department of Insurance described in Note 1.

#### Adverse Opinion on Accounting Principles Generally Accepted in the United States of America
In our opinion, because of the significance of the matter described in the Basis for Adverse Opinion on Accounting Principles Generally Accepted in the United States of America section of our report, the 2025 and 2024 statutory basis financial statements do not present fairly, in accordance with accounting principles generally accepted in the United States of America, the financial position of the Company as of December 31, 2025 and 2024, or the results of its operations or its cash flows for the years then ended.

#### Predecessor Auditor's Opinions on 2023 Statutory Basis Financial Statements
The statutory basis financial statements of the Company for the year in the period ended December 31, 2023, were audited by other auditors whose report, dated April 24, 2024, expressed an opinion that those statutory basis financial statements were not fairly presented in accordance with accounting principles generally accepted in the United States of America; however, such report also expressed an unmodified opinion on those statutory basis financial statements in accordance with the accounting practices prescribed or permitted by the Nebraska Department of Insurance described in Note 1.

#### Basis for Opinions
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Statutory Basis Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

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#### Basis for Adverse Opinion on Accounting Principles Generally Accepted in the United States of America
As described in Note 1 to the statutory basis financial statements, the statutory basis financial statements are prepared by the Company using the accounting practices prescribed or permitted by the Nebraska Department of Insurance, which is a basis of accounting other than accounting principles generally accepted in the United States of America, to meet the requirements of the Nebraska Department of Insurance. The effects on the statutory basis financial statements of the variances between the statutory basis of accounting described in Note 1 and accounting principles generally accepted in the United States of America, although not reasonably determinable, are presumed to be material and pervasive.

#### Responsibilities of Management for the Statutory Basis Financial Statements
Management is responsible for the preparation and fair presentation of the statutory basis financial statements in accordance with the accounting practices prescribed or permitted by the Nebraska Department of Insurance. Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of statutory basis financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the statutory basis financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for one year after the date that the statutory basis financial statements are issued.

Auditor's Responsibilities for the Audit of the Statutory Basis Financial Statements

Our objectives are to obtain reasonable assurance about whether the statutory basis financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the statutory basis financial statements.

In performing an audit in accordance with GAAS, we:

● Exercise professional judgment and maintain professional skepticism throughout the audit.

● Identify and assess the risks of material misstatement of the statutory basis financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the statutory basis financial statements.

● Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. Accordingly, no such opinion is expressed.

● Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the statutory basis financial statements.

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● Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.

#### Other Information Included in the Annual Report
Management is responsible for the other information included in the annual report. The other information comprises the information included in the annual report but does not include the statutory basis financial statements and our auditor's report thereon. Our opinion on the statutory basis financial statements does not cover the other information, and we do not express an opinion or any form of assurance thereon.

In connection with our audits of the statutory basis financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the statutory basis financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.

/s/ Deloitte & Touche LLP

April 28, 2026

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Woodmen of the World Life Insurance Society

Balance Sheets – Statutory Basis

*(Dollars in Thousands)* 

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| | | |
|:---|:---|:---|
|  | **December 31** | **December 31** |
|  | **2025** | **2024** |
|  **Admitted assets** |  |  |
|  Cash and invested assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonds | $**6622299** | $6453323 |
| &nbsp;&nbsp;&nbsp;&nbsp; Preferred stocks | **129661** | 137848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Common stocks (unaffiliated) (cost $228,070 and $310,521 as of December 31, 2024 and 2023) | **450363** | 458125 |
| &nbsp;&nbsp;&nbsp;&nbsp; Common stocks (affiliated) (cost $19,110 and $17,870 as of December 31, 2024 and 2023) | **921** | 709 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage loans | **2358107** | 2405454 |
| &nbsp;&nbsp;&nbsp;&nbsp; Properties occupied by WoodmenLife | **19085** | 17934 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real estate held for the production of income | **53310** | 56192 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate loans | **122332** | 122106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash, cash equivalents and short-term investments | **104332** | 269713 |
| &nbsp;&nbsp;&nbsp;&nbsp; Securities lending reinvested collateral assets | **89341** | 118312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Derivatives | **60608** | 50956 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivables for securities | **135** | 8524 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other invested assets | **101934** | 83434 |
|  Total cash and invested assets | **10112428** | 10182630 |
|  Accrued investment income | **68117** | 64197 |
|  Premiums deferred and uncollected | **7123** | 6685 |
|  Reinsurance balances recoverable | **1495** | 2457 |
|  Electronic data processing equipment and other assets | **799** | 821 |
|  Interest Maintenance Reserve | **54616** | 65536 |
|  Separate account assets | **1068707** | 977910 |
|  Total admitted assets | $**11313285** | $11300236 |

---

*See accompanying notes.* 

------

Woodmen of the World Life Insurance Society

Balance Sheets – Statutory Basis (continued)

*(Dollars in Thousands)* 

---

| | | |
|:---|:---|:---|
|  | **December 31** | **December 31** |
|  | **2025** | **2024** |
|  **Liabilities and surplus** |  |  |
|  Liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aggregate reserves for certificate and contract liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life and annuity reserves | $**7037470** | $7165744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accident and health reserves | **69301** | 68652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liability for deposit-type contracts | **790596** | 815142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certificate and contract claims | **57349** | 58352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other certificateholders' funds | **799** | 860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Refunds to members | **16240** | 19770 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total aggregate reserves for certificate and contract liabilities | **7971755** | 8128520 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued commissions, general expenses, and taxes | **34693** | 33960 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amounts withheld by WoodmenLife as agent or trustee | **2856** | (7637) |
| &nbsp;&nbsp;&nbsp;&nbsp; Liability for postretirement benefits | **45525** | 46535 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liability for employees' and fieldworkers' benefits | **19100** | 16986 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset valuation reserve | **155119** | 154372 |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable for securities lending | **89331** | 118318 |
| &nbsp;&nbsp;&nbsp;&nbsp; Derivatives | **33097** | 26053 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | **16840** | 15666 |
| &nbsp;&nbsp;&nbsp;&nbsp; Separate account liabilities | **1068707** | 977910 |
|  Total liabilities | **9437023** | 9510683 |
|  Surplus: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Unassigned Surplus | **1876262** | 1789553 |
|  Total Surplus | **1876262** | 1789553 |
|  Total liabilities and surplus | $**11313285** | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11300236 |

---

*See accompanying notes.* 

------

Woodmen of the World Life Insurance Society

Statements of Changes in Surplus – Statutory Basis

*(Dollars in Thousands)* 

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended December 31** | **Year Ended December 31** | **Year Ended December 31** |
|  | **2025** | **2024** | **2023** |
|  Premiums and other revenues: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Premiums (L&A, A&H) (net of reinsurance) | $**614994** | $688120 | $744395 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income | **410202** | 383909 | 374292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amortization of interest maintenance reserve | **(11134)** | (11949) | (8686) |
| &nbsp;&nbsp;&nbsp;&nbsp; Commissions on reinsurance ceded and other income | **26478** | 17324 | 12587 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other | **7528** | 9639 | 6414 |
|  Total premums and other reserves | **1048068** | 1087043 | 1129002 |
|  Benefits paid or provided: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Life benefits (net of reinsurance) | **259053** | 251099 | 257537 |
| &nbsp;&nbsp;&nbsp;&nbsp; Annuity benefits | **482839** | 541737 | 543491 |
| &nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits and withdrawals | **124675** | 131522 | 130600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other benefits (net of reinsurance) | **53480** | 50569 | 49113 |
| &nbsp;&nbsp;&nbsp;&nbsp; Decrease in aggregate reserves for certificates and contracts and other certificateholders' funds | **(127625)** | (115947) | (74900) |
|  Total benefits paid or provided | **792422** | 858980 | 905841 |
|  Insurance expenses and other deductions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; General insurance and fraternal expenses | **150744** | 149418 | 144343 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commissions | **53136** | 45620 | 44213 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance, taxes, licenses, and fees | **8559** | 10578 | 7774 |
| &nbsp;&nbsp;&nbsp;&nbsp; Separate account transfers, net | **(9893)** | (13238) | (17826) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other, net | **9006** | 10197 | 10630 |
|  Total insurance expenses and other deductions | **211552** | 202575 | 189134 |
|  Gain from operations before refunds to members and net realized capital gains | **44092** | 25488 | 34027 |
|  Refunds to members | **16799** | 19036 | 24300 |
|  Net gain from operations before net realized capital gains | **27293** | 6452 | 9727 |
|  Net realized capital gains | **60574** | 123846 | 2877 |
|  Net income | $**87867** | $130298 | $12604 |

---

*See accompanying notes.* 

------

Woodmen of the World Life Insurance Society

Statements of Changes in Surplus– Statutory Basis

*(Dollars in Thousands)* 

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended December 31** | **Year Ended December 31** | **Year Ended December 31** |
|  | **2025** | **2024** | **2023** |
|  Unassigned Surplus: |  |  |  |
|  Balance at beginning of year | $**1789553** | $1681846 | $1674846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net income | **87867** | 130298 | 12604 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized capital gains or (losses) | **18952** | (3958) | 94778 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in asset valuation reserve | **(747)** | (3590) | (95765) |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in non-admitted assets | **(46897)** | (103481) | (29184) |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in reserve on account of change in valuation basis (increase) or decrease | **–** |  | (1859) |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in pension liability | **27534** | 88438 | 26426 |
|  Total surplus at end of year | $**1876262** | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1789553 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1681846 |

---

*See accompanying notes.*

------

Woodmen of the World Life Insurance Society

Statements of Cash Flow – Statutory Basis

*(Dollars in Thousands)* 

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended December 31** | **Year Ended December 31** | **Year Ended December 31** |
|  | **2025** | **2024** | **2023** |
|  **Operating activities** |  |  |  |
|  Premium and annuity considerations | $**622513** | $695285 | $749174 |
|  Net investment income received | **426371** | 408468 | 393997 |
|  Other income | **26477** | 17323 | 12587 |
|  Total cash provided by operations | **1075361** | 1121076 | 1155758 |
|  Benefits paid | **(946693)** | (1017852) | (1004480) |
|  Net transfers from separate accounts | **9240** | 12496 | 18649 |
|  Commissions and other expenses paid | **(251347)** | (240217) | (220821) |
|  Refunds paid to members | **(20329)** | (22794) | (24372) |
|  Total cash used in operations | **(1209129)** | (1268367) | (1231024) |
|  Net cash provided by (used in) operating activities | **(133768)** | (147291) | (75266) |
|  **Investing activities** |  |  |  |
|  Proceeds from sales, maturities, or repayments of investments: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonds | **636105** | 741018 | 1256092 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stocks | **93866** | 228035 | 51008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage loans | **327867** | 213215 | 198265 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real estate | **9640** | 6157 | 2244 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other invested assets | **11023** | 10113 | 3056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Securities lending | **–** |  | 130540 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gains (losses) on cash, cash equivalents and short-term investments | **(1)** | (241) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous proceeds | **27716** | 61734 | 18291 |
|  Total investment proceeds | **1106216** | 1260031 | 1659495 |
|  Cost of investments acquired: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonds | **(798903)** | (525561) | (1055267) |
| &nbsp;&nbsp;&nbsp;&nbsp; Common stocks | **(24528)** | (18476) | (29783) |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage loans | **(280520)** | (254375) | (259682) |
| &nbsp;&nbsp;&nbsp;&nbsp; Real estate | **(8283)** | (12308) | (13271) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other invested assets | **(24416)** | (19206) | (36584) |
| &nbsp;&nbsp;&nbsp;&nbsp; Securities lending | **–** |  | (167293) |
| &nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous applications | **(14988)** | (53255) | (21696) |
|  Total cost of investments acquired | **(1151638)** | (883181) | (1583576) |
|  Net decrease in certificate loans | **(558)** | (568) | 2434 |
|  Net cash provided by (used in) investing activities | **(45980)** | 376282 | 78353 |
|  **Financing and other miscellaneous activities** |  |  |  |
|  Change in payable for securities lending | **–** |  | 36753 |
|  Other cash used in financing activities and miscellaneous sources | **14367** | (33912) | (4142) |
|  Net cash from financing and miscellaneous sources | **14367** | (33912) | 32611 |
|  Net increase (decrease) in cash, cash equivalents and short-term investments | **(165381)** | 195079 | 35698 |
|  Cash, cash equivalents and short-term investments at beginning of year | **269713** | 74634 | 38936 |
|  Cash, cash equivalents and short-term investments at end of year | $**104332** | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269713 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74634 |
|  Supplemental disclosure of cash flow for non-cash transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Exchanges of stocks and bonds | $**29276** | $14368 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Conversion of mortgage loans to real estate | $**2121** | $5461 |  |

---

*See accompanying notes.* 

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis

*(Dollars in Thousands)*

December 31, 2025

1. Nature of Operations and Significant Accounting Policies

#### Description of Business
Woodmen of the World Life Insurance Society (WoodmenLife) is a nonprofit fraternal benefit society incorporated in the state of Nebraska, exempt from tax under Internal Revenue Code (IRC) Section 501(c)(8).

WoodmenLife operates in the individual insurance market, with emphasis on life and annuity products. The vast majority of WoodmenLife's premiums are in the family market, resulting in a relatively small average size certificate issued and in force. WoodmenLife markets its products through a captive field force and is licensed in all 50 states and the District of Columbia.

WoodmenLife operates in a business environment with many inherent risks, which can be broadly categorized as credit, legal, liquidity, market, operational, pricing/underwriting, reputation, and strategic risks. Risks from any of these categories can present unique challenges, which is why WoodmenLife performs rigorous stress testing on all identified risks and maintains capital levels to sufficiently protect against adverse events. WoodmenLife's RBC ratio was 799% as of December 31, 2025.

WFS Holdings, Inc., a wholly owned subsidiary of WoodmenLife, operates as a holding company for subsidiary entities of WoodmenLife. Subsidiary entities include Woodmen Financial Services, Inc. and Woodmen Insurance Agency, Inc.

Woodmen Financial Services, Inc., a wholly owned subsidiary of WFS Holdings, Inc., operates as an introducing broker-dealer engaged in the sale of a proprietary variable product offered by WoodmenLife to its members.

Woodmen Insurance Agency, Inc., a wholly owned subsidiary of WFS Holdings, Inc., is an insurance agency offering insurance products not offered by WoodmenLife.

#### Basis of Presentation
WoodmenLife's financial statements have been prepared on the basis of accounting practices prescribed or permitted by the Nebraska Department of Insurance (statutory accounting practices), which practices differ from U.S. generally accepted accounting principles (GAAP).

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

1. Nature of Operations and Significant Accounting Policies (continued)

The more significant differences between statutory accounting practices and GAAP are as follows:

Investments in bonds are reported at amortized cost or fair value based on their National Association of Insurance Commissioners' (NAIC) rating for statutory purposes. For GAAP purposes, such investments in fixed maturities are designated at purchase as held-to-maturity, trading, or available for sale. Held-to-maturity investments in fixed maturities are reported at amortized cost. The remaining investments in fixed maturities are reported at fair value, with the unrealized holding gains and losses reported in operations for those designated as trading and as a separate component of surplus for those designated as available for sale.

All single class and multi-class mortgage-backed/asset-backed securities are adjusted for the effects of changes in prepayment assumptions on the related accretion of discount or amortization of premium of such securities using the retrospective method. If the fair value of the mortgage-backed/asset-backed security is less than amortized cost, an entity shall assess whether the impairment is other-than-temporary. An other-than-temporary impairment is considered to have occurred if the discounted estimated future cash flows are less than the amortized cost basis of the security. An other-than-temporary impairment is also considered to have occurred if the fair value of the mortgage-backed/asset-backed security is less than its amortized cost basis and the entity intends to sell the security or the entity does not have the intent and ability to hold the security for a period of time sufficient to recover the amortized cost basis.

If it is determined an other-than-temporary impairment has occurred as a result of the cash flow analysis, the security is written down to the discounted estimated future cash flows. If an other-than-temporary impairment has occurred due to intent to sell or lack of intent and ability to hold, the security is written down to fair value.

Under GAAP, if the Company does not intend to sell and it is not more likely than not that the Company will be required to sell the debt security but also do not expect to recover the entire amortized cost basis of the security, a credit loss would be recognized in operations for the amount of the credit loss. The difference between the present value of expected future cash flows and the amortized cost basis of the security is the amount of credit loss recognized in operations. The recognized credit loss is limited to the total unrealized loss on the security (i.e. the fair value floor).

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

1. Nature of Operations and Significant Accounting Policies (continued)

For statutory purposes, valuation allowances, if necessary, are established for mortgage loans based on the difference between the net value of the collateral, determined as the fair value of the collateral less estimated costs to obtain and sell, and the recorded investment in the mortgage loan. Under GAAP, credit loss allowances would be established when the Company determines it is probable that it will be unable to collect all amounts (both principal and interest) due according to the contractual terms of the loan agreement. Such credit loss allowances are based on the present value of expected future cash flows discounted at the loan's effective interest rate or, if foreclosure is probable, on the estimated fair value of the underlying real estate. The initial valuation allowance and subsequent changes in the allowance for mortgage loans are charged or credited directly to surplus as part of the change in the asset valuation reserve (AVR) for statutory purposes, rather than being included as a component of operations, as would be required by GAAP.

The AVR provides a valuation allowance for invested assets. The AVR is determined for STAT by NAIC-prescribed calculations with changes reflected directly in surplus and is not done for GAAP.

Investment and foreclosed real estate are carried at the lower of cost or market and are reported net of related obligations rather than on a gross cost less accumulated depreciation basis as for GAAP. Real estate owned and occupied by the Company is included in investments rather than reported as an operating asset as under GAAP, and investment income and operating expenses for statutory reporting include rent for WoodmenLife's occupancy of those properties. Changes between depreciated cost and admitted amounts are credited or charged directly to unassigned surplus rather than to income as would be required under GAAP.

Under a formula determined by the NAIC, WoodmenLife defers in the Interest Maintenance Reserve (IMR) the portion of realized gains and losses on sales of fixed income investments, principally bonds and mortgage loans, attributable to changes in the general level of interest rates and amortizes those deferrals over the remaining period to maturity. Realized capital gains and losses are reported in operations net of transfers to the IMR for statutory purposes rather than reported in the statement of operations in the period that the asset giving rise to the gain or loss is sold under GAAP.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

1. Nature of Operations and Significant Accounting Policies (continued)

The accounts and operations of WoodmenLife's subsidiaries are not consolidated with the accounts and operations of WoodmenLife, and WoodmenLife's share of undistributed earnings and losses of these subsidiaries is included in unrealized gains and losses, whereas consolidation is required under GAAP.

The direct and incremental costs of acquiring and renewing business are charged to current operations as incurred for statutory purposes rather than deferred and amortized over the premium-paying period or in proportion to the present value of expected gross profit margins for GAAP purposes.

Certain assets designated as non-admitted are excluded from the accompanying statutory basis balance sheets and are charged directly to surplus. Under GAAP, such assets are included in the balance sheet.

Certificate reserves on traditional life insurance products are based on statutory mortality rates and interest that may differ from reserves based on best estimate assumptions of expected mortality, interest, and withdrawals used for GAAP purposes, which include a provision for possible unfavorable deviation from such assumptions.

Certificate reserves on certain investment products use discounting methodologies based on statutory interest rates rather than full account values under GAAP.

Revenues for universal life-type policies and annuity policies with mortality or morbidity risk consist of premiums received, and benefits incurred represent the total death benefits paid and the change in policy reserves for statutory purposes. Under GAAP, revenues include only policy charges for the cost of insurance, certificate initiation and administration, surrender charges, and other fees that have been assessed against certificate account values, and benefits represent the excess of benefits paid over the policy account value and interest credited to the account values.

Expense allowances on reinsurance ceded are credited to income at the time the premium is ceded for statutory purposes rather than as a reduction to the amount of costs deferred and amortized over the premium-paying period or in proportion to the present value of expected gross profit margins for GAAP purposes.

Reinsurance amounts are netted against the corresponding receivable or payable balances for statutory purposes rather than shown as gross amounts on the balance sheet under GAAP.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

1. Nature of Operations and Significant Accounting Policies (continued)

Expenses for pension benefits and postretirement benefits other than pensions are recognized in accordance with statutory accounting, which does not accrue for the nonvested employees or future earnings considerations rather than including active participants not currently eligible and future earnings considerations for GAAP purposes.

Refunds to members are recognized when declared for statutory purposes rather than over the term of the related policies under GAAP.

The effects of the foregoing variances from GAAP have not been determined but are presumed to be material.

#### Use of Estimates in the Preparation of Financial Statements
The preparation of WoodmenLife's statutory basis financial statements and accompanying notes requires management to make estimates and assumptions that affect the amounts reported and disclosed. These estimates and assumptions could change in the future as more information becomes known, which could impact the amounts reported and disclosed in the statutory basis financial statements and accompanying notes.

#### Cash, Cash Equivalents and Short-Term Investments
The Company considers all highly liquid investments with a maturity of one year or less when purchased to be short-term investments and are valued at amortized cost. Cash and cash equivalents consist of cash-in-bank, cash-in-transit, money market mutual funds and all highly liquid securities with remaining maturity of three months or less. Money market mutual funds are stated at amortized cost which approximates fair value.

#### Investments
Securities are valued in accordance with methods prescribed by the NAIC. Bonds are stated principally at cost, adjusted for amortization of premiums and accretion of discounts, both computed using the modified scientific method, and adjusted for other-than-temporary declines in fair value. In August of 2023, the NAIC issued revisions to SSAP No. 26, Bonds, SSAP No. 43, Loan-Backed and Structured Securities, and SSAP No. 21, Other Admitted Assets. The revised guidance updates the definition of a bond, revises the accounting for bonds, and updates various SSAPs to reflect the revised definition. There was no material effect on the Company's financial statements during 2025 from these revisions to the SSAP's.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

1. Nature of Operations and Significant Accounting Policies (continued)

For the loan-backed securities included in the bond portfolio, the Company uses the retrospective adjustment method for the effects of changes in prepayment assumptions on the related accretion of discount or amortization of premium of these securities. Prepayment assumptions for publicly traded loan-backed securities are obtained from Bloomberg. Privately placed loan-backed securities do not require adjustments for prepayment risks due to provisions within the terms and conditions of the notes. Equity tranche investments in collateralized debt obligations are classified as other invested assets (fixed income and common stock joint ventures) and are valued based on the prospective adjustment method for the effects of changes in prepayment and default assumptions. Prepayment and default assumptions are obtained from a third-party broker. Common stocks are reported at fair value for unaffiliated companies and adjusted for other-than-temporary declines in fair value. For WoodmenLife's noninsurance subsidiary, the common stock is carried at the GAAP equity value of the subsidiary. Preferred stocks are all considered perpetual, valued at either fair value or amortized cost, dependent on the underlying bond characteristics. The value should not exceed any currently effective call price.

Mortgage loans are stated at the unpaid principal balance less any unearned discount. WoodmenLife records impaired loans at the present value of expected future cash flows discounted at the loan's effective interest rate or, as an expedient, at the loan's observable market price or the fair value of the collateral if the loan is collateral-dependent. A loan is impaired when it is probable the creditor will be unable to collect all contractual principal and interest payments due in accordance with the terms of the loan agreement.

Real estate occupied by WoodmenLife and real estate held for the production of income are reported at depreciated cost, net of encumbrances. Investment real estate that WoodmenLife has the intent to sell is reported at the lower of depreciated cost or fair value, net of encumbrances. Depreciation is calculated on both a straight-line basis and an accelerated basis over the estimated useful lives of the properties.

Certificate loans are stated at unpaid principal balances, including accrued interest.

Net realized capital gains and losses on investments are determined using the specific identification basis, recorded as of trade date.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

1. Nature of Operations and Significant Accounting Policies (continued)

The AVR provides a reserve for losses from investments in bonds, common and preferred stocks, mortgage loans, real estate, and other invested assets, with related increases or decreases being recorded directly to surplus. Unrealized capital gains and losses on investments, including changes in mortgage and security reserves, are recorded directly in surplus. Comparable adjustments are also made to the AVR. Declines in value deemed to be other than temporary are charged to the statutory basis statements of operations as realized losses.

The IMR primarily defers certain interest-related gains and losses on sales of fixed income securities that are amortized into net income over the estimated remaining lives of the investments sold. A limited, optional, statutory accounting provision allows for the admittance of net negative (disallowed) IMR with certain restrictions. These provisions are permitted as a short-term solution until December 31, 2026, and will be automatically nullified on January 1, 2027. WoodmenLife adopted these provisions for 2025 reporting purposes and has included an IMR asset as of December 31, 2025, 2024 and 2023. The net negative (disallowed) IMR in aggregate and allocated to the General Account (Unassigned Surplus) was $54,616 in 2025. The amount of negative IMR admitted in the General Account and reported as an asset in 2025 was also $54,616. Adjusted Capital & Surplus calculation totaled $1,723,196, which represents 3.2% of total net negative (disallowed) IMR admitted in General Account. The net negative (disallowed) IMR in aggregate and allocated to the General Account (Unassigned Surplus) was $65,536 in 2024. The amount of negative IMR admitted in the General Account and reported as an asset in 2024 was also $65,536.Adjusted Capital & Surplus calculation totaled $1,609,068, which represents 4.1% of total net negative (disallowed) IMR admitted in General Account.

WoodmenLife may take positions from time to time in certain derivative instruments to manage the impact of changes in interest rates, the change in equity market values or equity indices on certain certificate liabilities. Financial instruments used for such purposes include options on interest rate swaps, S&P 500 options, and covered equity call options. As of December 31, 2025, $60,608 of purchased S&P 500 options were owned and $33,097 of S&P 500 options were written. As of December 31, 2024, $50,956 of purchased S&P 500 options were owned and $26,053 of S&P 500 options were written.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued) (continued)

*(Dollars in Thousands)*

1. Nature of Operations and Significant Accounting Policies (continued) (continued)

Derivative instruments are valued consistently with the accounting treatment of the underlying security. Exchange traded S&P 500 call options are carried at fair value based

on values quoted by the exchange. The liability for positions in covered equity calls are also carried at fair value based upon exchange values. The change in market value for options is recorded directly to surplus as a change in unrealized gains and losses.

WoodmenLife's risk of loss is typically limited to the fair value of the derivative instruments, not the notional or contractual amounts of these derivatives. Risk arises from changes in the fair value of the underlying instruments.

#### Securities Lending
In order to generate income and to offset expenses, WoodmenLife lends portfolio securities to registered broker-dealers or other eligible parties. Loans of securities may not exceed 20% of WoodmenLife's total admitted assets. In return for the loaned securities, the borrower provides cash in an amount equal to at least 102% of the current fair value of the loaned securities, including accrued interest. The trust department of a financial institution administers WoodmenLife's securities lending program. The administrator monitors the adequacy of the cash collateral daily and requires the borrower to provide additional cash collateral in the event the value of the cash collateral falls below 100% of the fair value of the securities on loan. At December 31, 2025 and 2024, the cash collateral received from the borrowers aggregated $89,331 and $118,318, respectively. WoodmenLife has the right to call any such loan and obtain the securities loaned at any time as allowed by required notice provisions. The loaned securities remain the property of WoodmenLife and therefore continue to be carried and accounted for as invested assets. The invested collateral and the liability representing the obligation to return it is also recorded on the balance sheet.

At December 31, 2025 and 2024, the following securities were loaned to broker-dealers and other eligible parties:

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
|  | **General** | **General** |
|  | **Account** | **Account** |
|  Bonds, at amortized cost | $**75827** | $92938 |
|  Preferred stocks, at fair value | **7567** | 20625 |
|  Common stocks, at fair value | **3829** | 5207 |
|  Total | $**87223** | $118770 |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

1. Nature of Operations and Significant Accounting Policies (continued)

At December 31, 2025 and 2024, the fair value of the above securities aggregated $87,366 and $115,691, respectively.

The contractual maturities of the cash collateral received as of December 31, 2025 are as follows:

---

| | |
|:---|:---|
|  | **General<br>Account** |
|  Cash collateral received – securities lending |  |
| &nbsp;&nbsp;&nbsp; Open | $89331 |
| &nbsp;&nbsp;&nbsp; 30 days or less |  |
| &nbsp;&nbsp;&nbsp; 31 to 60 days |  |
| &nbsp;&nbsp;&nbsp; 61 to 90 days |  |
| &nbsp;&nbsp;&nbsp; Greater than 90 days |  |
|  Sub-total | 89331 |
|  Securities received |  |
|  Total collateral received | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89331 |

---

The maturity dates of the reinvested securities lending collateral as of December 31, 2025 are as follows:

---

| | | |
|:---|:---|:---|
|  | **General Account** | **General Account** |
|  | **Amortized<br>Cost** | **Fair Value** |
|  Cash collateral reinvested – securities lending | Cash collateral reinvested – securities lending |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Open | $(1210) | $(1210) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 days or less | 90551 | 90551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 to 60 days |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61 to 90 days |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91 to 120 days |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121 to 180 days |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181 to 365 days |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 to 2 years |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 to 3 years |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greater than 3 years |  |  |
|  Sub-total | 89341 | 89341 |
|  Securities received |  |  |
|  Total collateral reinvested | $89341 | $89341 |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)* 

1. Nature of Operations and Significant Accounting Policies (continued)

WoodmenLife has a revenue-sharing agreement with the custodian bank, whereby the cash collateral is invested in certain money market and short-term bond funds. Under the arrangement, earnings generated by the investments are shared between WoodmenLife and the custodian bank, thus generating an additional return on the loaned securities. At December 31, 2025 and 2024, this fair value of the money market and short-term bond funds aggregated $89,341 and $118,312, respectively.

#### Restricted Assets

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Gross Restricted**<br> **Current Year** | **Gross Restricted**<br> **Current Year** | **Gross Restricted**<br> **Current Year** | **Gross Restricted**<br> **Current Year** | **Gross Restricted**<br> **Current Year** | | | | **Percentage** | **Percentage** |
|  | | | **Total** | | | | | | | |
|  | | | **Separate** | | | | | **Total** | **Gross** | **Admitted** |
|  | **Total** | **G/A**<br> **Supporting**<br> **S/A Activity** | **Account** | **S/A Assets** | | **Total** | | **Current** | **Restricted** | **Restricted** |
|  | **General** | **G/A**<br> **Supporting**<br> **S/A Activity** | **(S/A)** | **Supporting** | | **From** | | **Year** | **to** | **to Total** |
|  | **Account** | **G/A**<br> **Supporting**<br> **S/A Activity** | **Restricted** | **G/A** | | **Prior** | **Increase/** | **Admitted** | **Total** | **Admitted** |
|  | **(G/A)** | **G/A**<br> **Supporting**<br> **S/A Activity** | **Assets** | **Activity** | **Total** | **Year** | **Decrease** | **Restricted** | **Assets** | **Assets** |
|  Collateral held under security lending agreements | $89341 | $- | $- | $- | $89341 | $118312 | $(28971) | $89341 | 0.75% | 0.79% |
|  FHLB capital stock | 532 |  |  |  | 532 | 510 | 22 | 532 | 0.00% | 0.00% |
|  On deposit with states | 639 |  |  |  | 639 | 638 |  | 639 | 0.01% | 0.01% |
|  Total restricted assets | $90512 | $- | $- | $- | $90512 | $119460 | $(28949) | $90512 | 0.76% | 0.80% |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Gross Restricted**<br> **Prior Year** | **Gross Restricted**<br> **Prior Year** | **Gross Restricted**<br> **Prior Year** | **Gross Restricted**<br> **Prior Year** | **Gross Restricted**<br> **Prior Year** | | | | **Percentage** | **Percentage** |
|  | | | **Total** | | | | | | | |
|  | | | **Separate** | | | | | **Total** | **Gross** | **Admitted** |
|  | **Total** | **G/A**<br> **Supporting**<br> **S/A Activity** | **Account** | **S/A Assets** | | **Total** | | **Current** | **Restricted** | **Restricted** |
|  | **General** | **G/A**<br> **Supporting**<br> **S/A Activity** | **(S/A)** | **Supporting** | | **From** | | **Year** | **to** | **to Total** |
|  | **Account** | **G/A**<br> **Supporting**<br> **S/A Activity** | **Restricted** | **G/A** | | **Prior** | **Increase/** | **Admitted** | **Total** | **Admitted** |
|  | **(G/A)** | **G/A**<br> **Supporting**<br> **S/A Activity** | **Assets** | **Activity** | **Total** | **Year** | **Decrease** | **Restricted** | **Assets** | **Assets** |
|  Collateral held under security lending agreements | $118312 | $- | $- | $- | $118312 | $167293 | (48981) | $118312 | 1.00% | 1.05% |
|  FHLB capital stock | 510 |  |  |  | 510 |  | 510 | 510 | 0.00%. | 0.00% |
|  On deposit with states | 638 |  |  |  | 638 | 639 |  | 638 | 0.00% | 0.01% |
|  Total restricted assets | $119460 | $- | $- | $- | $119460 | $167932 | $(48471) | $119460 | 1.00% | 1.06% |

---

WoodmenLife is a member of the Federal Home Loan Bank of Topeka with 500 shares of Class A capital stock and 322 shares of Excess Class B stock. Its membership is for strategic use as operation funding, with limits consistent with its risk management processes. Currently there are no borrowings through this membership.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)* 

1. Nature of Operations and Significant Accounting Policies (continued)

#### Reserves for Insurance, Annuity, and Accident and Health Certificates
Life, annuity, and accident and health disability benefit reserves are developed by actuarial methods and are determined based on published tables using statutorily specified interest rates and valuation methods that will provide, in the aggregate, reserves that are greater than or equal to the minimum or guaranteed certificate cash values or the amounts required by the Nebraska Department of Insurance. WoodmenLife waives deduction of deferred fractional premiums on the death of life and annuity certificate insureds and returns any portion of the final premium beyond the date of death. Surrender values on certificates do not exceed the corresponding benefit reserves. Substandard certificates are valued on the same basis as standard certificates. Additional reserves are established when the results of cash flow testing under various interest rate scenarios indicate the need for such reserves or the net premiums exceed the gross premiums on any insurance in force.

Tabular interest, tabular less actual reserves released, and tabular cost have been determined by the formulas specified in the NAIC instructions. Tabular interest on funds not involving life contingencies is equal to the guaranteed interest credited to these funds during the year.

Certificates issued on or after January 1, 2022, use VM-20 reserving methodologies. VM-20 is a life principle-based reserve framework in which the reserve is the greatest of three components, a net premium reserve (NPR), deterministic reserve (DR), and stochastic reserve (SR). WoodmenLife's product categories included under principle-based reserving are fixed-premium term certificates, fixed-premium permanent certificates, and universal life with secondary guarantees. The fixed-premium term certificates include base coverages, other insured riders, and child riders. The VM-20 net premium reserves are based on prescribed assumptions and the deterministic and stochastic reserves use prudent estimate assumptions and interest/equity scenarios, as applicable.

Additionally, deferred variable annuity products use VM-21. VM-21 specifies statutory reserve requirements for all variable annuities. The aggregate reserve for contracts falling within the scope of these requirements equal the stochastic reserve plus the additional standard projection amount.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)* 

1. Nature of Operations and Significant Accounting Policies (continued)

The liability for unpaid accident and health claims is an estimate of the ultimate net cost of all reported and unreported losses not yet settled. This liability is estimated using actuarial analyses and case-basis evaluations. Although considerable variability is inherent in such estimates, WoodmenLife believes that the liability for unpaid claims is adequate. These estimates are continually reviewed, and as adjustments to this liability become necessary, such adjustments are reflected in current operations.

#### Revenue Recognition and Related Expenses
Life premiums are recognized as income over the premium paying period of the related certificates. Annuity considerations are recognized as revenue when received. Deposits on deposit-type contracts are recorded directly as a liability when received. Health premiums are earned ratably over the terms of the related insurance and reinsurance contracts or policies. Expenses incurred in connection with acquiring new insurance business, including acquisition costs such as commissions, are charged to operations as incurred.

#### Reinsurance
WoodmenLife reinsures certain risks related to a portion of its life and accident and health insurance business. Reinsurance premiums, expenses, and reserves related to reinsured business are accounted for on a basis consistent with that used for the original policies issued and the terms of the reinsurance contracts. Premiums ceded to other entities (2025 – $61,567; 2024 – $35,472; and 2023 – $30,137) are reported as a reduction of premium income and insurance reserves applicable to reinsurance ceded have also been reported as reductions of reserves (2025 – $103,665 and 2024 – $99,437). WoodmenLife received reinsurance recoveries in the amount of $40,305 and $16,275 during 2025 and 2024, respectively. WoodmenLife is contingently liable with respect to reinsurance ceded to other entities in the event the reinsurer is unable to meet the obligations that it has assumed.

#### Separate Accounts
Separate accounts represent funds related to WoodmenLife's pension plan liabilities, which are backed by mutual funds and bonds, and the WoodmenLife Variable Annuity Account. The separate account assets supporting the contract liabilities are 100% legally insulated from the general account liabilities of WoodmenLife.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)* 

1. Nature of Operations and Significant Accounting Policies (continued)

As of December 31, 2025 and 2024, the fair value of mutual funds and bonds used to back pension plan liabilities was $415,503 and $403,220 respectively. As of December 31, 2025 and 2024, there were no dividends declared.

The remaining assets and liabilities in the separate accounts represent funds for an individual annuity product with a nonguaranteed return and for which the certificate holder, rather than WoodmenLife, bears the investment risk. Separate account assets, which consist of investments in mutual funds and one money market mutual fund, are reported at fair value. At December 31, 2025 and 2024, the fair value of these investments was $651,362 and $573,326, respectively. Income due and accrued as of December 31, 2025 and 2024 was $1,843 and $1,364.

The statutory basis statements of operations include the premiums, benefits, and other items arising from operations of the WoodmenLife Variable Annuity Account. Revenues and expenses related to the WoodmenLife Variable Annuity Account, to the extent of benefits paid or provided to the WoodmenLife Variable Annuity Account certificate holders, are excluded from the amounts reported in the accompanying statutory basis statements of operations. The total assets and liabilities relating to the separate accounts have been shown as a separate line item on the statutory basis balance sheets.

#### Fraternal Benefit Expenses
Fraternal benefit expenses represent expenditures made primarily for membership activities.

#### Other
Non-admitted assets (principally prepaid pension expense, overfunded pension assets and certain investments, receivables, and furniture and equipment) have been excluded from the statutory basis balance sheets through a change to surplus.

One hundred percent of the WoodmenLife's life contracts are considered to be participating. Refunds to be paid to certificate holders are determined annually by resolution of WoodmenLife's Board of Directors. The aggregate amount of certificate refunds is related to actual interest, mortality, morbidity, and expense experience for the year and judgment as to the appropriate level of statutory surplus to be retained by WoodmenLife. Certificate holders may receive their refund in cash, apply the refund to the purchase of fully paid-up insurance, apply the refund as renewal premium, or leave the refund on deposit with WoodmenLife to accumulate interest. An estimated provision has been made for refunds expected to be paid in the following calendar year.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)* 

1. Nature of Operations and Significant Accounting Policies (continued)

#### Subsequent Events
WoodmenLife has evaluated all events occurring after December 31, 2025 through April 28, 2026, the date the statutory basis financial statements were available to be issued, to determine whether any event required either recognition or disclosure in the statutory basis financial statements. As a result of this evaluation, no material subsequent events have been noted.

2. Investments

The amortized cost and estimated fair value of bonds and common stocks as of December 31, 2025 and 2024, are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | **Gross** | **Gross** | |
|  | **Amortized** | **Unrealized** | **Unrealized** | **Estimated** |
|  | **Cost** | **Gains** | **Losses** | **Fair Value** |
|  **December 31, 2025** |  |  |  |  |
|  Bonds – Issuer Credit Obligations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Obligations | 633 |  | (71) | 562 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other U.S. Government Obligations | 87390 |  | (19185) | 68205 |
| &nbsp;&nbsp;&nbsp;&nbsp; Muni Bonds – General Obligation | 164212 | 993 | (14952) | 150253 |
| &nbsp;&nbsp;&nbsp;&nbsp; Muni Bonds – Special Revenue | 443265 | 754 | (65637) | 378382 |
| &nbsp;&nbsp;&nbsp;&nbsp; Project Finance Bonds | 21603 | 32 | (2) | 21633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds | 3765185 | 35719 | (145535) | 3655369 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Issuer Credit Obligations | 26042 | 896 | (186) | 26752 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total – Issuer Credit Obligations | 4508330 | 38394 | (245568) | 4301156 |
|  Bonds – Asset-Backed Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; FAB Agency Residential MBS | 122583 | 2030 | (2260) | 122353 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAB Agency Commercial MBS | 1258394 | 6792 | (88864) | 1176322 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAB Non-Agency Residential MBS | 438673 | 3515 | (34427) | 407761 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAB Non-Agency Commercial MBS | 14054 | 2 |  | 14056 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAB Non-Agency CLO/CBO/CDO | 103949 | 807 | (168) | 104588 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAB Other Financial ABS | 87234 | 52 | (4419) | 82867 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-FAB Lease-Backed Securities | 18751 | 63 | (98) | 18716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-FAB Other Non-Financial ABS | 70331 | 378 | (737) | 69972 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total - Asset-Backed Securities | 2113969 | 13639 | (130973) | 1996635 |
|  Total Bonds | $6622299 | $52033 | $(376541) | $6297791 |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)* 

2. Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common-Unaffiliated | 209174 | 244395 | (3206) | 450363 |
| &nbsp;&nbsp;&nbsp;&nbsp; Preferred | 129661 | 8 | (79) | 129590 |
|  | $338835 | $244403 | $&nbsp;&nbsp;&nbsp;&nbsp;(3285) | $&nbsp;&nbsp;&nbsp;&nbsp;579953 |
|  |  | **Gross** | **Gross** |  |
|  | **Amortized** | **Unrealized** | **Unrealized** | **Estimated** |
|  | **Cost** | **Gains** | **Losses** | **Fair Value** |
|  **December 31, 2024** |  |  |  |  |
|  Bonds: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; United States government and agencies | $207946 | $313 | $(6213) | $202046 |
| &nbsp;&nbsp;&nbsp;&nbsp; States and political subdivisions | 771077 | 340 | (136296) | 635121 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign governments | 436193 | 692 | (54067) | 382818 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate securities | 3721375 | 11764 | (205591) | 3527548 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage- and asset-backed securities | 1316732 | 1285 | (152051) | 1165966 |
|  | $6453323 | $14394 | $(554218) | $5913499 |
|  Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common-Unaffiliated | 228071 | 232888 | (2833) | 458126 |
| &nbsp;&nbsp;&nbsp;&nbsp; Preferred | 137848 | 21 | (124) | 137745 |
|  | $365919 | $232909 | $(2957) | $595871 |

---

WoodmenLife closely monitors the financial condition and operations of the securities rated below investment grade and of certain investment grade securities on which it has concerns regarding credit quality. The Company also regularly monitors industry sectors. WoodmenLife considers relevant facts and circumstances in evaluating whether the impairment is other than temporary, including (1) the probability of WoodmenLife collecting all amounts due according to the contractual terms of the security in effect at the date of acquisition and (2) WoodmenLife's decision to sell a security prior to its maturity at an amount below its carrying amount, or with respect to certain asset backed or structured securities, its ability and intent to hold until recovery to cost or amortized cost. Additionally, financial condition, near-term prospects of the issuer, and nationally

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)* 

2. Investments (continued)

recognized credit rating changes are monitored. For asset-backed securities, cash flow trends and underlying levels of collateral are monitored. WoodmenLife will record a charge to the statutory basis statements of operations to the extent that these securities are subsequently determined to be other-than-temporarily impaired. WoodmenLife believes the issuers of the securities in an unrealized loss position will continue to make payments as scheduled.

For bonds with unrealized losses as of December 31, 2025, the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are summarized as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Less Than 12 Months** | **Less Than 12 Months** | **Greater Than or Equal<br>to 12 Months** | **Greater Than or Equal<br>to 12 Months** | **Total** | **Total** |
|  | | **Gross** | | **Gross** | | **Gross** |
|  | **Estimated** | **Unrealized** | **Estimated** | **Unrealized** | **Estimated** | **Unrealized** |
|  | **Fair Value** | **Losses** | **Fair Value** | **Losses** | **Fair Value** | **Losses** |
|  Bonds: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government | **$562** | **$(71)** | **$-** | **$-** | **$562** | **$(71)** |
| &nbsp;&nbsp;&nbsp;&nbsp; All Other Governments | **68205** | **(19186)** |  |  | **68205** | **(19186)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Muni Bonds – General Obligations | **3344** | **(18)** | **105745** | **(14934)** | **109089** | **(14952)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Muni bonds – special Revenue | **20459** | **(197)** | **312085** | **(65440)** | **332544** | **(65637)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Project Finance Bonds | **11251** | **(2)** | **-** | **-** | **11251** | **(2)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds | **108814** | **(3001)** | **2062195** | **(142534)** | **2171009** | **(145535)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Issuer Credit Obligations | **-** | **-** | **5094** | **(186)** | **5094** | **(186)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial ABS – Self- Liquidating | **84895** | **(2214)** | **1220014** | **(127924)** | **1304909** | **(130138)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial ABS – Not Self-Liquidating Non-Financial ABS | **2258** | **(24)** | **46083** | **(811)** | **48341** | **(835)** |
|  Total bonds | **$299788** | **$(24713)** | **$3751216** | **$(351829)** | **$4051004** | **$(376542)** |

---

99.7% of the unrealized losses on fixed maturity securities are on securities that are rated investment grade. Investment grade securities are defined as those securities rated a 1 or 2 by the Investment Analysis Office of the NAIC. Unrealized losses on investment grade securities are principally related to changes in market interest rates or changes in credit spreads since the securities were acquired.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)* 

2. Investments (continued)

For bonds with unrealized losses as of December 31, 2024, the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are summarized as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Less Than 12 Months** | **Less Than 12 Months** | **Greater Than or Equal<br>to 12 Months** | **Greater Than or Equal<br>to 12 Months** | **Total** | **Total** |
|  | | **Gross** | | **Gross** | | **Gross** |
|  | **Estimated** | **Unrealized** | **Estimated** | **Unrealized** | **Estimated** | **Unrealized** |
|  | **Fair Value** | **Losses** | **Fair Value** | **Losses** | **Fair Value** | **Losses** |
|  Bonds: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government | **$70537** | **$(971)** | **$97218** | **$(5243)** | **$167755** | **$(6213)** |
| &nbsp;&nbsp;&nbsp;&nbsp; States and political subdivisions | **78265** | **(2281)** | **531437** | **(134015)** | **609702** | **(136296)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign governments | **20182** | **(658)** | **329189** | **(53409)** | **349371** | **(54067)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate securities | **445707** | **(10097)** | **2478441** | **(195495)** | **2924148** | **(205591)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage- and asset-backed securities | **131434** | **(3450)** | **998002** | **(148601)** | **1129436** | **(152051)** |
|  Total bonds | **$746125** | **$(17457)** | **$4434287** | **$(536763)** | **$5180412** | **$(554218)** |

---

99.7% of the unrealized losses on fixed maturity securities are on securities that are rated investment grade. Investment grade securities are defined as those securities rated a 1 or 2 by the Investment Analysis Office of the NAIC. Unrealized losses on investment grade securities are principally related to changes in market interest rates or changes in credit spreads since the securities were acquired.

The following table shows gross unrealized losses and fair values of common and preferred stocks, aggregated by length of time that individual securities have been in a continuous unrealized loss position:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Less Than 12 Months** | **Less Than 12 Months** | **12 Months or More** | **12 Months or More** | **Total** | **Total** |
|  | | **Gross** | | **Gross** | | **Gross** |
|  | **Estimated** | **Unrealized** | **Estimated** | **Unrealized** | **Estimated** | **Unrealized** |
|  | **Fair Value** | **Losses** | **Fair Value** | **Losses** | **Fair Value** | **Losses** |
|  **December 31, 2025** |  |  |  |  |  |  |
|  Stocks: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Preferred stocks | $**82003** | **$(9861)** | $**21512** | $**(6041)** | $**103515** | $**(15902)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Common stocks (unaffiliated) | **4444** | **(803)** | **8278** | **(2402)** | **12722** | **(3205)** |
|  Total | $**86447** | **$(10664)** | $**29790** | $**(8443)** | $**116237** | $**(19107)** |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)* 

2. Investments (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Less Than 12 Months** | **Less Than 12 Months** | **12 Months or More** | **12 Months or More** | **Total** | **Total** |
|  | | **Gross** | | **Gross** | | **Gross** |
|  | **Estimated** | **Unrealized** | **Estimated** | **Unrealized** | **Estimated** | **Unrealized** |
|  | **Fair Value** | **Losses** | **Fair Value** | **Losses** | **Fair Value** | **Losses** |
|  **December 31, 2024** |  |  |  |  |  |  |
|  Stocks: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Preferred stocks | $2040 | $(341) | $49323 | $(2233) | $51363 | $(2574) |
| &nbsp;&nbsp;&nbsp;&nbsp; Common stocks (unaffiliated) | 2988 | (437) | 11469 | (2396) | 14457 | (2833) |
|  Total | $5028 | $(778) | $60792 | $(4629) | $65820 | $(5407) |

---

WoodmenLife believes the unrealized losses are temporary declines based on its evaluation of current economic conditions and company-specific information and believes the declines are temporary in nature.

The amortized cost and estimated fair value of bonds at December 31, 2025, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

---

| | | |
|:---|:---|:---|
|  | **Amortized** | **Estimated** |
|  | **Cost** | **Fair Value** |
|  Due in one year or less | $**242795** | $**242194** |
|  Due one through five years | **1622271** | **1571677** |
|  Due five through ten years | **1701009** | **1622153** |
|  Due after ten years | **942255** | **865132** |
|  Mortgage-backed and other securities without a single maturity date | **2113969** | **1996635** |
|  | $**6622299** | $**6297791** |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)* 

2. Investments (continued)

Major categories of net investment income are summarized as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended December 31** | **Year Ended December 31** | **Year Ended December 31** |
|  | **2025** | **2024** | **2023** |
|  Bonds | $**261113** | $246789 | $246487 |
|  Preferred stocks | **7414** | 7925 | 8387 |
|  Common stocks | **7970** | 10011 | 10974 |
|  Mortgage loans | **108912** | 102527 | 94377 |
|  Real estate | **22276** | 23642 | 22079 |
|  Certificate loans | **9183** | 9141 | 9132 |
|  Cash, cash equivalents and short-term investments | **5188** | 5740 | 3828 |
|  Other invested assets | **10219** | 1178 | (550) |
|  Other | **3924** | 3786 | 3742 |
|  | **436199** | 410739 | 398456 |
|  Less investment expenses | **(25997)** | (26830) | (24164) |
|  | $**410202** | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383909 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374292 |

---

Interest income is recognized on an accrual basis. WoodmenLife does not accrue income on bonds in default, mortgage loans on real estate in default and/or foreclosure or which are delinquent more than twelve months, or on real estate where rent is in arrears for more than three months. Income is also not accrued when collection is uncertain. In addition, accrued interest is excluded from investment income when payment exceeds 90 days past due. Interest income on nonperforming loans generally is recognized on a cash basis. WoodmenLife did not recognize any interest income on impaired loans for the years ended December 31, 2025, 2024, or 2023. The Company did not recognize any interest income on a cash basis for the years ended December 31, 2025, 2024, or 2023. At December 31, 2025 and 2024, the Company excluded investment income due and accrued for investments in default of $0 and $0, respectively, with respect to such practices.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)* 

2. Investments (continued)

The major components of realized capital gains (losses) on investments reflected in operations and unrealized capital gains (losses) on investments reflected directly in surplus are summarized as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | **Realized** | | **Change in Unrealized** | **Change in Unrealized** | **Change in Unrealized** |
|  | **Year Ended December 31** | **Year Ended December 31** | **Year Ended December 31** | **Year Ended December 31** | **Year Ended December 31** | **Year Ended December 31** |
|  | **2025** | **2024** | **2023** | **2025** | **2024** | **2023** |
|  Bonds | **$331** | $(3161) | $(74505) | **$-** | $- | $- |
|  Preferred stocks (unaffiliated) | **(551)** | (3420) | (11012) | **1513** | 12411 | 7217 |
|  Common stocks (unaffiliated) | **41831** | 116328 | 9803 | **11134** | (12735) | 78630 |
|  Common stocks (affiliated) | **-** |  |  | **(328)** | (1170) | (261) |
|  Mortgage loans | **-** | (2261) |  | **-** |  |  |
|  Real estate | **6426** | 1667 | 1664 | **-** |  |  |
|  Cash, cash equivalents and short-term investments | **-** | (241) | (1) | **-** |  |  |
|  Derivative instruments | **13418** | 11862 | 883 | **1918** | (304) | 11208 |
|  Other invested assets | **(1096)** | (3511) | 9 | **4715** | (2161) | (2017) |
|  Total capital gains (losses) | **60359** | 117263 | (73159) | **18952** | (3959) | 94777 |
|  Transferred to (from) interest maintenance reserve | **(214)** | (6584) | 76036 | **-** | **-** | **-** |
|  Net capital gains (losses) | **$60145** | $110679 | $2877 | **$18952** | $(3959) | $94777 |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

2. Investments (continued)

Results from sales and redemptions of bonds are summarized below:

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended December 31** | **Year Ended December 31** | **Year Ended December 31** |
|  | **2025** | **2024** | **2023** |
|  Proceeds | $**361595** | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394056 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;955085 |
|  Gross Realized Gains | **543** | **67** | 271 |
|  Gross Realized (Losses) | **(570)** | **(3228)** | (74776) |
|  Other than temporary impairments | **-** |  |  |

---

Realized capital gains (losses) on common stocks in 2025, 2024, and 2023 included the recognition of OTTIs of $0, $0, and $(9,000), respectively.

The corporate private placement bond portfolio is diversified by issuer and industry. At December 31, 2025 and 2024, 21.5%, or $1,437,793, and 8.2%, or $531,085, respectively, of WoodmenLife's bond portfolio was invested in private placement bonds.

At December 31, 2025 and 2024, bonds and certificates of deposit with a total statement value of $638 and $638, respectively and a fair value of $547 and $557, respectively were on deposit with state insurance departments to satisfy regulatory requirements.

Commercial mortgage loans originated or acquired by WoodmenLife represent its primary area of credit risk exposure. At December 31, 2025 and 2024, the commercial mortgage portfolio is diversified by geographic region and specific collateral property type as follows:

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

2. Investments (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Geographic Distribution** | **Geographic Distribution** | **Geographic Distribution** | **Property-Type Distribution** | **Property-Type Distribution** | **Property-Type Distribution** |
|  | **December 31** | **December 31** |  | **December 31** | **December 31** |
|  | **2025** | **2024** |  | **2025** | **2024** |
|  North Central | $**499415** | $504891 | Office | $**551344** | $607734 |
|  South Atlantic | **596636** | 598556 | Industrial | **1041154** | 1078429 |
|  Pacific | **448239** | 507762 | Retail | **686305** | 637132 |
|  Mountain | **248184** | 243641 | Other | **79304** | 82159 |
|  Mid-Atlantic | **269145** | 256851 | Total | $**2358107** | $2405454 |
|  South Central | **259993** | 256263 |  |  |  |
|  Other | **36495** | 37490 |  |  |  |
|  Total | $**2358107** | $2405454 |  |  |  |

---

The credit quality of commercial mortgage loans for the year ended December 31, 2025, were as follows:

---

| | |
|:---|:---|
|  Class CM1 | $**2316922** |
|  Class CM2 | **39024** |
|  Class CM3 | **2161** |
|  Class CM4 | **0** |
|  Class CM5 | **0** |
|  | $**2358107** |

---

The credit quality of the commercial mortgage loan portfolio was determined using the Risk-Based Capital reporting methodology adopted by the NAIC. The model assigns a letter rating (CM-1 through CM-5) to each loan in the portfolio using two common, well-known industry metrics: debt service coverage (DSC) and loan-to-value (LTV). DSC captures specific characteristics of a property, plus the impact of the collateral's local economy on the property's net operating income. Thus, both property-specific as well as market risks are reflected through the property's income and DSC calculation. LTV is periodically updated using an independent industry index for property values.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

2. Investments (continued)

During 2025, the respective maximum and minimum lending rates for mortgage loans were 6.58% and 5.59%, respectively. At the issuance of a loan, the percentage of loan to value on any one loan does not exceed 70%. At December 31, 2025 and 2024, the Company had no restructured mortgages. During 2025 and 2024, the Company did not reduce interest rates on any mortgages. In 2025 and 2024, the Company had no mortgages with interest 180 days or more past due. There were no taxes, assessments, or other amounts advanced on mortgage loans during 2025 or 2024.

WoodmenLife had $0 and $2,121 in past due commercial mortgage loans as of the years ended December 31, 2025 and 2024 respectively.

Woodmen Life recognized $0 impairments during 2025 and $2,261 during 2024 and $0 in 2023. The Company accepted a deed in lieu of foreclosure of $0 in 2025 and $5,461 in 2024. All properties covered by mortgage loans have fire insurance at least equal to the excess of the loan over the maximum loan that would be allowed on the land without the building. WoodmenLife did not hold an allowance for credit losses on mortgage loans at December 31, 2025, 2024 or 2023.

Net investment income for the years ended December 31, 2025, 2024, and 2023, included rental income of $2,961, $3,320, and $3,229, respectively, for the Company's occupancy of office space in one owned real estate property. Rental income from other tenants and operating expenses of the buildings are also included in net investment income. These assets are being depreciated using the straight-line method over their estimated useful lives that range from 31.5 to 50 years. Improvements to property occupied by WoodmenLife are depreciated over a period equal to the lesser of the remaining useful life of the property, the useful life of the improvement, or 10 years. Depreciation expense on home office real estate for the years ended December 31, 2025, 2024, and 2023, was $2,816, $2,643, and $2,527, respectively.

WoodmenLife has other real estate consisting of land and buildings acquired by purchase or through foreclosure on mortgage loans. This real estate is segregated by property held for the production of income and held for sale. Net investment income on properties held for the production of income for the years ended December 31, 2025, 2024, and 2023, included rental income of $19,315, $20,322, and $18,850 respectively, and operating expenses of $7,188, $8,185, and $7,986, respectively. Properties held for sale during 2025, 2024, and 2023 were $0. Net investment income on properties held for sale for the years ended December 31, 2025, 2024, and 2023, included no rental income and operating expenses of $0, $0, and $0 respectively, on these properties. The carrying amount of real estate under leased fee arrangements is being amortized using the straight-line method over the corresponding lease terms that range from 20 to 30

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

2. Investments (continued)

years. The remaining other real estate properties are being depreciated using the straight-line method over their estimated useful lives that range from 10 to 50 years. Depreciation expense on properties held for the production of income was $3,983, $4,210, and $3,891 in 2025, 2024, and 2023, respectively.

There were no impairments to real estate property recognized during 2025, 2024 or 2023. Two real estate properties, in total, were fully disposed during 2025, 2024, and 2023, resulting in realized gains/(losses) of $6,426, $1,667 and $1,664 respectively on those transactions.

3. Related-Party Transactions

WoodmenLife has separate servicing agreements with WFS Holdings, Inc., Woodmen Financial Services, Inc., and Woodmen Insurance Agency, Inc. whereby these affiliates reimburse WoodmenLife for direct and allocated indirect costs. Total costs reimbursed by the affiliates were $3,482, $3,696, and $2,678 during 2025, 2024, and 2023, respectively.

WoodmenLife has mortgage loan agreements with fraternal youth camps and chapters. These loans are secured by a first lien on the related land and buildings, bear interest at 6%, and aggregated $201 and $283 as of December 31, 2025 and 2024, respectively.

4. Employee Benefit Plans

#### Pension Plans
WoodmenLife has a noncontributory, qualified defined benefit pension plan covering substantially all employees and fieldworkers who began service prior to October 1, 2006, with benefits based on years of service and either career or final average earnings. Under the pension plan, retirement benefits are primarily a function of the number of years of service and the level of compensation.

WoodmenLife has a supplemental retirement plan for those pension plan participants whose benefits calculated under the retirement plan formulas exceed ERISA limitations and for nonemployee members of the Board of Directors. This supplemental retirement plan makes up for any shortfall caused by the limitations and functions in the same manner as the retirement plan.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

4. Employee Benefit Plans (continued)

The qualified and supplemental retirement plans are each funded via fixed and variable group deposit fund contracts issued by WoodmenLife and are included in the liability for deposit-type contracts on the statutory basis balance sheets. The Company accrues liabilities in accordance with actuarially determined amounts. As of December 31, 2025 and 2024, the fixed account totaled $412,455 and $422,942, respectively, and the variable account totaled $415,503 and $403,220, respectively.

Two different actuarial cost methods are used to develop the pension plan costs for employees and for fieldworkers because of the distinctly different benefit structures for those two groups. The employees' benefits are developed using a final average salary formula, while the fieldworkers' benefits are developed using a career average formula.

#### Postretirement Benefit Plan
WoodmenLife sponsors non-pension postretirement health and life plans. Substantially all employees and fieldworkers may become eligible if they reach retirement age while employed with WoodmenLife. Life insurance benefits are generally set at a fixed amount, while retirees are offered a preferred provider arrangement for their health care coverage. Under statutory accounting for employers providing postretirement benefits other than pensions, the estimated cost of postretirement benefits is accrued at the date WoodmenLife's employees and fieldworkers become eligible to retire.

The health plan is contributory, with participants' contributions adjusted annually; the life insurance plans include both contributory and noncontributory components. The accounting for the health plan anticipates future cost-sharing changes, including increases in premium, deductibles, and individual stop-loss levels, so as to keep pace, on average, with increases in the health care cost trend rate.

WoodmenLife uses a December 31 measurement date for its pension plans and other postretirement benefit plans. The accumulated benefit obligation for its pension plans represents the present value of pension benefits earned as of December 31 based on service and compensation through December of the respective year-end. The accumulated benefit obligation for the pension plans was $491,263 and $515,116 at December 31, 2025 and 2024, respectively.

The projected benefit obligation for pension and other postretirement benefits represents the present value of postretirement benefits deemed earned as of December 31, projected for estimated salary and medical cost rate increases as of an assumed date with respect to retirement, termination, disability, and death. The following table sets forth

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

4. Employee Benefit Plans (continued)

the change in the projected benefit obligation for pension and other postretirement benefits:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | | **Other Postretirement** | **Other Postretirement** |
|  | **Pension Benefits** | **Pension Benefits** | **Benefits** | **Benefits** |
|  | **Year Ended December 31** | **Year Ended December 31** | **Year Ended December 31** | **Year Ended December 31** |
|  | **2025** | **2024** | **2025** | **2024** |
|  **Change in projected benefit obligation** | **Change in projected benefit obligation** |  |  |  |
|  Benefit obligation at beginning of year | $**528033** | $571282 | $**22347** | $26210 |
|  Service cost | **1870** | 2349 | **380** | 545 |
|  Interest cost | **28578** | 28517 | **1179** | 1290 |
|  Contribution by plan participants | **-** |  | **60** | 54 |
|  Actuarial loss (gain) | **12035** | (26544) | **1385** | (2957) |
|  Benefits paid | **(34887)** | (47571) | **(546)** | (1127) |
|  Plan amendments | **-** |  | **(7349)** | (1614) |
| Divestitures and special termination benefits | **(32886)** |  | **-** | (54) |
|  Benefit obligation at end of year | $**502743** | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;528033 | $**17456** | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22347 |

---

Actuarial loss (gain) in 2025 and 2024 is primarily related to changes in the discount rate.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

4. Employee Benefit Plans (continued)

A summary of plan assets and funded status of the pension and other postretirement benefit plans is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Pension Benefits** | **Pension Benefits** | **Other Postretirement** | **Other Postretirement** |
|  | **Year Ended December 31** | **Year Ended December 31** | **Year Ended December 31** | **Year Ended December 31** |
|  | **2025** | **2024** | **2025** | **2024** |
|  **Change in plan assets** |  |  |  |  |
|  Fair value of plan assets at beginning of year | $**827526** | $779472 | $**-** | $- |
|  Actual return on plan assets | **69688** | 90825 | **-** |  |
|  Employer contributions | **50** | 4800 | **485** | 1073 |
|  Contributions by plan participants | **-** |  | **60** | 54 |
|  Benefits paid | **(34887)** | (47571) | **(545)** | (1127) |
|  Divestitures and special termination of benefits | **(32632)** |  |  |  |
|  Fair value of plan assets at end of year | $**829745** | $827526 | $**-** | $- |
|  **Funded status** |  |  |  |  |
|  Overfunded: |  |  |  |  |
|  Assets (nonadmitted) |  |  |  |  |
| 1. Prepaid benefit costs | $**243153** | $223840 | $**-** | $- |
| 2. Overfunded plan assets | **84333** | 76140 | **-** |  |
| 3. Total assets (nonadmitted) | $**327486** | $299980 | $**-** | $- |
|  Underfunded: |  |  |  |  |
|  Liabilities recognized |  |  |  |  |
| 1. Accrued benefit costs | $**377** | $352 | $**45525** | $46535 |
| 2. Liability for pension benefits | **107** | 135 | **(28069)** | (24188) |
| 3. Total liabilities recognized | $**484** | $487 | $**17456** | $22347 |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

4. Employee Benefit Plans (continued)

A summary of key assumptions utilized in development of the benefit obligations is as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Pension Benefits** | **Pension Benefits** | **Pension Benefits** | **Other Postretirement** | **Other Postretirement** | **Other Postretirement** |
|  | | | | | **Benefits** | |
|  | **2025** | **2024** | **2023** | **2025** | **2024** | **2023** |
| **Weighted average assumptions used to determine benefit obligations at December 31** | **Weighted average assumptions used to determine benefit obligations at December 31** | **Weighted average assumptions used to determine benefit obligations at December 31** | **Weighted average assumptions used to determine benefit obligations at December 31** | **Weighted average assumptions used to determine benefit obligations at December 31** | **Weighted average assumptions used to determine benefit obligations at December 31** | **Weighted average assumptions used to determine benefit obligations at December 31** |
|  Discount rate | **5.62%** | 5.82% | 5.23% | **5.62%** | 5.82% | 5.23% |
|  Rate of compensation increase | **4.00%** | 4.00% | 4.00% | **N/A** | N/A | N/A |
| **Weighted average assumptions used to determine net periodic benefit cost for years ended December 31** | **Weighted average assumptions used to determine net periodic benefit cost for years ended December 31** | **Weighted average assumptions used to determine net periodic benefit cost for years ended December 31** | **Weighted average assumptions used to determine net periodic benefit cost for years ended December 31** | **Weighted average assumptions used to determine net periodic benefit cost for years ended December 31** | **Weighted average assumptions used to determine net periodic benefit cost for years ended December 31** | **Weighted average assumptions used to determine net periodic benefit cost for years ended December 31** |
|  Discount rate | **5.82%** | 5.23% | 5.54% | **5.82%** | 5.23% | 5.54% |
|  Expected long-term rate of return on plan assets | **6.00%** | 6.00% | 6.00% | **N/A** | N/A | N/A |
|  Rate of compensation increase | **4.00%** | 4.00% | 4.00% | **N/A** | N/A | N/A |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

4. Employee Benefit Plans (continued)

The components of net periodic benefit cost for the years ended December 31 are as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Pension Benefits** | **Pension Benefits** | **Pension Benefits** | **Other Postretirement<br>Benefits** | **Other Postretirement<br>Benefits** | **Other Postretirement<br>Benefits** |
|  | **2025** | **2024** | **2023** | **2025** | **2024** | **2023** |
|  **Components of net periodic benefit cost** | **Components of net periodic benefit cost** | **Components of net periodic benefit cost** | **Components of net periodic benefit cost** | **Components of net periodic benefit cost** | **Components of net periodic benefit cost** |  |
|  Service cost | $**1870** | $2349 | $2267 | $**380** | $545 | $523 |
|  Interest cost | **28580** | 28517 | 30256 | **1180** | 1290 | 1351 |
|  Expected return on plan assets | **(46550)** | (45338) | (42465) |  |  |  |
|  Prior service cost recognized | **-** | -54 |  |  |  |  |
|  Recognized gains and losses | **50** | 45 | 967 | **(1943)** | (1737) | (2237) |
|  Prior service cost or credit |  |  |  | **(141)** |  |  |
|  Loss/(Gain) recognized due to settlement/curtailment | **(3188)** | 1846 |  | **-** | (54) |  |
|  Net periodic benefit cost | $**(19238)** | $(12581) | $(8921) | $**(524)** | $44 | $(363) |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

4. Employee Benefit Plans (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Pension Benefits** | **Pension Benefits** | **Other Postretirement<br>Benefits** | **Other Postretirement<br>Benefits** |
|  | **2025** | **2024** | **2025** | **2024** |
|  **Amounts in unassigned funds (surplus) recognized as components of net periodic benefit cost** | **Amounts in unassigned funds (surplus) recognized as components of net periodic benefit cost** | **Amounts in unassigned funds (surplus) recognized as components of net periodic benefit cost** | **Amounts in unassigned funds (surplus) recognized as components of net periodic benefit cost** | **Amounts in unassigned funds (surplus) recognized as components of net periodic benefit cost** |
| a. Items not yet recognized as a component of net periodic<br>cost – prior year | $**(76005)** | $(2084) | $**(24189)** | $(21354) |
| b. Net transition asset or obligation recognized | **-** |  | **-** |  |
| c. Net prior service cost or credit arising during the period | **-** |  | **(7349)** |  |
| d. Net prior service cost or credit recognized | **-** |  | **141** |  |
| e. Net gain and loss arising during the period | **(8171)** | (72030) | **1385** | (2957) |
| f. Net gain and loss recognized | **(50)** | (1891) | **1943** | 1737 |
| g. Items not yet recognized as a component of net periodic<br>cost – current year | $**(84226)** | $(76005) | $**(28069)** | $(22574) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Pension Benefits** | **Pension Benefits** | **Other Postretirement<br>Benefits** | **Other Postretirement<br>Benefits** |
|  | **2025** | **2024** | **2025** | **2024** |
|  **Amounts in unassigned funds (surplus) that have not yet been recognized as components of net periodic benefit cost** | **Amounts in unassigned funds (surplus) that have not yet been recognized as components of net periodic benefit cost** | **Amounts in unassigned funds (surplus) that have not yet been recognized as components of net periodic benefit cost** | **Amounts in unassigned funds (surplus) that have not yet been recognized as components of net periodic benefit cost** | **Amounts in unassigned funds (surplus) that have not yet been recognized as components of net periodic benefit cost** |
| a. Net transition asset or obligation | $**-** | $- | $**-** | $- |
| b. Net prior service cost or credit | **-** |  | **(8822)** | (1614) |
| c. Net recognized gains and losses | **(84226)** | &nbsp;&nbsp;&nbsp;&nbsp;(76005) | **(19247)** | (22574) |

---

For measurement purposes with respect to the postretirement health plan, a 8.13% annual rate of increase in the per capita cost of covered health care benefits was assumed for pre-65 ages and a 9.23% for post-65 ages for 2024. These rates were assumed to decrease to 4.5% over 10 years.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

4. Employee Benefit Plans (continued)

#### Pension Plan Assets
Fair value is defined as the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date (an exit price). The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three levels.

• Level 1 – Fair values are based on unadjusted quoted prices in active markets for identical assets. The pension plan's Level 1 assets consist of a Pooled separate account, which includes large cap mutual funds.

• Level 2 – Fair values are based on inputs other than quoted prices within Level 1 that are observable for the asset, either directly or indirectly. The pension plan's Level 2 assets consist of bonds.

• Level 3 – Fair values are based on significant unobservable inputs for the asset. The pension plan's Level 3 assets include a Deposit administration contract.

The pension plan assets are held in both the separate account and a WoodmenLife general account investment. The separate account assets consist of actively traded mutual funds (Level 1) and bonds (Level 2). Unadjusted quoted prices for these securities are provided to WoodmenLife by independent pricing services. The pension plan general account assets, all in Level 3, include assets in a WoodmenLife deposit contract. Fair value of the general account assets is equal to an interest bearing deposit account with interest being set at WoodmenLife's discretion which is equivalent to the overall rate earned on WoodmenLife's assets, which represents the amount the plan would receive if withdrawing funds from the contract.

The fair value of the pension plan's assets by asset category as of December 31, 2025, is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Assets** | **Fair Value Hierarchy Level** | **Fair Value Hierarchy Level** | **Fair Value Hierarchy Level** |
|  | **Measured at** | | | |
|  | **Fair Value** | **Level 1** | **Level 2** | **Level 3** |
|  **Asset category** |  |  |  |  |
|  Pooled separate account | $**415503** | $**268383** | $**147120** | $**-** |
|  Deposit administration contract | **412455** | **-** | **-** | **412455** |
|  Total | $**827958** | $**268383** | $**147120** | $**412455** |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

4. Employee Benefit Plans (continued)

The fair value of the pension plan's assets by asset category as of December 31, 2024, is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Assets** | **Fair Value Hierarchy Level** | **Fair Value Hierarchy Level** | **Fair Value Hierarchy Level** |
|  | **Measured at** | | | |
|  | **Fair Value** | **Level 1** | **Level 2** | **Level 3** |
|  **Asset category** |  |  |  |  |
|  Pooled separate account | $403220 | $305124 | $92096 | $- |
|  Deposit administration contract | 422942 |  |  | 422942 |
|  Total | $826162 | $305124 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;422942 |

---

The reconciliation for all assets measured at fair value using significant unobservable inputs (Level 3) for the year ended December 31, 2025, is as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | **Actual Return on** | **Actual Return on** | | | |
|  | | **Plan Assets** | **Plan Assets** | | | |
|  | **Beginning<br>Asset<br>Balance** | **Relating to<br>Assets Still<br>Held at the<br>Reporting<br>Date** | **Relating to<br>Assets Sold<br>During the<br>Period** | **Purchases,<br>Sales, and<br>Settlements** | **Transfers in<br>(Out) of<br>Level 3** | **Ending<br>Asset<br>Balance** |
|  **Asset category** |  |  |  |  |  |  |
|  Deposit administration contract | $**422942** | **$18310** | $**-** | **$(28797)** | $**-** | $**412455** |
|  Total | $**422942** | **$18310** | $**-** | **$(28797)** | $**-** | $**412455** |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

4. Employee Benefit Plans (continued)

The reconciliation for all assets measured at fair value using significant unobservable inputs (Level 3) for the year ended December 31, 2024, is as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | **Actual Return on** | **Actual Return on** | | | |
|  | | **Plan Assets** | **Plan Assets** | | | |
|  | **Beginning<br>Asset<br>Balance** | **Relating to<br>Assets Still<br>Held at the**<br> **Reporting<br>Date** | **Relating to<br>Assets Sold<br>During the<br>Period** | **Purchases,<br>Sales, and<br>Settlements** | **Transfers in**<br> (Out) of<br>Level 3 | **Ending<br>Asset<br>Balance** |
|  **Asset category** |  |  |  |  |  |  |
|  Deposit administration contract | $455513 | $18338 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> - | $(50909) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $422942 |
|  Total | $455513 | $18338 | $- | $(50909) | $- | $422942 |

---

Pension plan assets are primarily invested in investment grade securities and large cap mutual funds. The pension plan's weighted average asset allocations at December 31, 2025 and 2024, by asset category are as follows:

---

| | | |
|:---|:---|:---|
|  | **Plan Assets at** | **Plan Assets at** |
|  | **December 31** | **December 31** |
|  | **2025** | **2024** |
|  **Asset category** |  |  |
|  Equity – Variable Group Deposit Contract | **32.4%** | 36.8% |
|  Fixed Income – Fixed Group Deposit Contract | **67.6** | 63.2 |
|  | **100.0%** | 100.0% |

---

WoodmenLife's long-range asset allocation model is 25% – 50% equities and 50% – 75% fixed income.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

4. Employee Benefit Plans (continued)

At December 31, 2025, WoodmenLife used an expected long-term return of 6.0% on pension fund assets. This return is predicated on the fact that historically, over long periods of time, widely traded large-cap equity securities have provided a return of approximately 10%, while fixed income securities have provided a return of approximately 6%. WoodmenLife's long-range asset allocation model of 25%–50% equities and 50%–75% fixed income would indicate that the long-term expected return would be approximately 7.5% if the investments were made in the broad indexes. Actual returns may vary depending on economic conditions, actual allocation of assets, and other currently unknown factors. While these assets will be professionally managed, such that we may expect to earn a premium on these returns, we are not including such an adjustment in our assumption.

WoodmenLife contributed $50 to its pension plans and $485 to its other postretirement benefit plan in 2025. WoodmenLife's policy has been to contribute funds to the plan in amounts required to maintain sufficient plan assets to provide for accrued benefits. In applying this general policy, WoodmenLife considers, among other factors, the recommendations of its independent consulting actuaries, the requirements of federal pension law, SSAP No. 102, *Accounting for Pensions*, *A Replacement of SSAP No. 89*, expenses for the year in question, and the limitations on deductibility imposed by federal income tax law.

The following estimated future benefit payments, which reflect expected future service, as appropriate, are expected to be paid in the year indicated:

---

| | | |
|:---|:---|:---|
| **Year(s)** | **Amount** | **Other<br>Postretirement** |
| **2026** | $**35117** | $**1187** |
| **2027** | $**36172** | $**1256** |
| **2028** | $**37222** | $**1313** |
| **2029** | $**37689** | $**1280** |
| **2030** | $**38266** | $**1333** |
| **2031-2034** | $**194071** | $**6917** |

---

#### Deferred Compensation Agreements
WoodmenLife has deferred compensation agreements with the key management employees of WoodmenLife. The liabilities under these agreements are being accrued over the employees' periods of participation. The liabilities at December 31, 2025 and

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

4. Employee Benefit Plans (continued)

2024, were $13,819 and $13,183, respectively, and are included in other liabilities in the statutory basis balance sheets. Interest credited to participant accounts in 2025, 2024, and 2023 was $15, $18, and $20, respectively.

#### 401(k) Defined Contribution Plan
WoodmenLife has a 401(k) plan for qualifying fieldworkers and employees. All employees beginning service after October 1, 2006, are enrolled in the 401(k) plan in lieu of the qualified defined benefit pension plan. WoodmenLife matches participant contributions up to 5% of the participant's compensation. In addition, WoodmenLife provides service-related contributions based on the participant's years of service. WoodmenLife's matching contributions for 2025, 2024, and 2023 were $3,783, $3,454, and $3,214, respectively. Service-related contributions for 2025, 2024, and 2023 were $2,413, $2,338, and $2,037, respectively. Employees beginning service prior to October 1, 2006, are eligible to participate in the 401(k) plan but are not eligible for matching or service-related contributions. These participants may contribute up to 15% of their annual earnings, subject to certain limitations, as pretax, salary deferral contributions.

#### Other Benefits
As a result of WoodmenLife administering its own group life and short-term disability plans, WoodmenLife recognized premium income of $321, $1,050, and $986 during 2025, 2024, and 2023, respectively, which is included in the statutory basis statements of operations.

5. Surplus

WoodmenLife is required to maintain minimum surplus levels established by the Nebraska Department of Insurance. WoodmenLife is also subject to risk-based capital (RBC) requirements promulgated by the NAIC and adopted by the Nebraska Department of Insurance. The RBC standards establish uniform minimum capital requirements for insurance companies. The RBC formula applies various weighting factors to financial balances or various levels of activities based on the perceived degree of risk. As of December 31, 2025, WoodmenLife's surplus exceeded the minimum levels required by the Nebraska Department of Insurance and RBC standards.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

6. Life/Annuity Reserves and Deposit Fund Liabilities

At December 31, 2025 and 2024, WoodmenLife's annuity reserves and deposit fund liabilities that are subject to discretionary withdrawal (with adjustment), subject to discretionary withdrawal (without adjustment), and not subject to discretionary withdrawal provisions are summarized as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | **Separate** | | | |
|  | | **Account** | **Separate** | | |
|  | **General** | **with** | **Account Non-** | | |
|  | **Amount** | **Guarantees** | **guaranteed** | **Total** | **Percent** |
|  Subject to discretionary withdrawal: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; With market value adjustment | $**-** | $**-** | $**-** | $**-** | **0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At book value less current surrender charge of 5% or more | **459973** | **-** | **-** | **459973** | **9.7%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At market value | **-** | **639525** | **-** | **639525** | **13.5%** |
|  Total with market value adjustment or at fair value | **459973** | **639525** | **-** | **1099498** | **23.2%** |
|  At book value (minimal or no charge or adjustment) | **2713445** | **-** | **-** | **2713445** | **57.3%** |
|  Not subject to discretionary withdrawal | **503118** | **-** | **417346** | **920464** | **19.4%** |
|  Total annuity reserves and deposit fund liabilities – before reinsurance | **3676536** | **639525** | **417346** | **4733407** |  |
|  Less reinsurance ceded | **-** | **-** | **-** | **-** |  |
|  Net annuity reserves and deposit fund liabilities | $**3676536** | $**639525** | $**417346$** | $**4733407** | **100.00%** |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

6. Life/Annuity Reserves and Deposit Fund Liabilities (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **General<br>Account** | **Separate<br>Account<br>with<br>Guarantees** | **Separate<br>Account Non-<br>guaranteed** | **Total** | **Percent** |
|  Subject to discretionary withdrawal: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; With market value adjustment | $- | $- | $- | $- | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At book value less current surrender charge of 5% or more | 353177 |  |  | 353177 | 7.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At market value |  | 562143 |  | 562143 | 11.9% |
|  Total with market value adjustment or at fair value | 353177 | 562143 |  | 915320 | 19.4% |
|  At book value (minimal or no charge or adjustment) | 2888664 |  |  | 2888664 | 61.1% |
|  Not subject to discretionary withdrawal | 515225 |  | 404584 | 919809 | 19.5% |
|  Total annuity reserves and deposit fund liabilities – before reinsurance | 3757066 | 562143 | 404584 | 4723793 |  |
|  Less reinsurance ceded |  |  |  |  |  |
|  Net annuity reserves and deposit fund liabilities | $3757066 | $562143 | $404584 | $4723793 | 100.00% |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

6. Life/Annuity Reserves and Deposit Fund Liabilities (continued)

A reconciliation of total annuity actuarial reserves and deposit fund liabilities at December 31, 2025, is as follows:

---

| | |
|:---|:---|
|  Life and accident and health annual statement: |  |
| &nbsp;&nbsp;&nbsp; Annuity reserves, total net | $**2828608** |
| &nbsp;&nbsp;&nbsp; Supplementary contracts with life contingencies, total net | **57332** |
| &nbsp;&nbsp;&nbsp; Deposit-type contracts, total net | **790596** |
|  | **3676536** |
|  Separate accounts annual statement: |  |
| &nbsp;&nbsp;&nbsp; Annuity reserves, total net | **639525** |
| &nbsp;&nbsp;&nbsp; Other contract deposit funds | **417346** |
|  Total annuity actuarial reserves and deposit fund liabilities | $**4733407** |

---

A reconciliation of total annuity actuarial reserves and deposit fund liabilities at December 31, 2024, is as follows:

---

| | |
|:---|:---|
|  Life and accident and health annual statement: |  |
| &nbsp;&nbsp;&nbsp; Annuity reserves, total net | $2883896.0 |
| &nbsp;&nbsp;&nbsp; Supplementary contracts with life contingencies, total net | 57670.0 |
| &nbsp;&nbsp;&nbsp; Deposit-type contracts, total net | 815142.0 |
|  | 3756708.0 |
|  Separate accounts annual statement: |  |
| &nbsp;&nbsp;&nbsp; Annuity reserves, total net | 562143.0 |
| &nbsp;&nbsp;&nbsp; Other contract deposit funds | 404584.0 |
|  Total annuity actuarial reserves and deposit fund liabilities | $4723435.0 |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

6. Life/Annuity Reserves and Deposit Fund Liabilities (continued)

At December 31, 2025, WoodmenLife's Life reserves that are subject to discretionary withdrawal and not subject to discretionary withdrawal provisions are summarized as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Account Value** | **Cash Value** | **Reserve** |
|  Subject to discretionary withdrawal: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Policies with Cash Value | $**-** | $**1639** | $**1689** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Universal Life | **2090731** | **2087285** | **2090673** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Universal Life with Secondary Guarantees | **88792** | **56672** | **351606** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indexed Universal Life | **-** | **-** | **-** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indexed Universal Life with Secondary Guarantees | **471097** | **407018** | **430769** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indexed Life | **-** | **-** | **-** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Permanent Cash Value Life Insurance | **-** | **969510** | **1073430** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable Life | **-** | **-** | **-** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable Universal Life | **-** | **-** | **-** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous Reserves | **-** | **-** | **-** |
|  Not subject to discretionary withdrawal: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Policies without Cash Value | **-** | **-** | **169998** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accidental Death Benefits | **-** | **-** | **5496** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disability – Active Lives | **-** | **-** | **15126** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disability – Disabled Lives | **-** | **-** | **72197** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous Reserves | **-** | **-** | **-** |
|  Total (gross: direct + assumed) | **2650620** | **3522124** | **4210984** |
|  Less reinsurance ceded | **-** | **-** | **59454** |
|  Net Life Reserves | $**2650620** | $**3522124** | $**4151530** |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

6. Life/Annuity Reserves and Deposit Fund Liabilities (continued)

At December 31, 2024, WoodmenLife's Life reserves that are subject to discretionary withdrawal and not subject to discretionary withdrawal provisions are summarized as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Account Value** | **Cash Value** | **Reserve** |
|  Subject to discretionary withdrawal: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Policies with Cash Value | $- | $1714 | $1761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Universal Life | 2241045 | 2235461 | 2239717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Universal Life with Secondary Guarantees | 86313 | 53077 | 316162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indexed Universal Life |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indexed Universal Life with Secondary Guarantees | 422971 | 360521 | 389389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indexed Life |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Permanent Cash Value Life Insurance |  | 977345 | 1067605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable Life |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable Universal Life |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous Reserves |  |  |  |
|  Not subject to discretionary withdrawal: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Policies without Cash Value |  |  | 170407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accidental Death Benefits |  |  | 5559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disability – Active Lives |  |  | 14105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disability – Disabled Lives |  |  | 75547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous Reserves |  |  |  |
|  Total (gross: direct + assumed) | 2750329 | 3628118 | 4280252 |
|  Less reinsurance ceded |  |  | 56075 |
|  Net Life Reserves | $2750329 | $3628118 | $4224177 |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

6. Life/Annuity Reserves and Deposit Fund Liabilities (continued)

A reconciliation of total life actuarial reserves at December 31, 2025, is as follows:

---

| | |
|:---|:---|
|  Life and accident and health annual statement: |  |
| &nbsp;&nbsp;&nbsp; Life Insurance, total net | $**4058925** |
| &nbsp;&nbsp;&nbsp; Accidental Death Benefits, total net | **5496** |
| &nbsp;&nbsp;&nbsp; Disability – Active Lives, total net | **15126** |
| &nbsp;&nbsp;&nbsp; Disability – Disabled Lives, total net | **71983** |
| &nbsp;&nbsp;&nbsp; Miscellaneous Reserves, total net | **-** |
|  Total life actuarial reserves | $**4151530** |

---

A reconciliation of total life actuarial reserves at December 31, 2024, is as follows:

---

| | |
|:---|:---|
|  Life and accident and health annual statement: |  |
| &nbsp;&nbsp;&nbsp; Life Insurance, total net | $4129174 |
| &nbsp;&nbsp;&nbsp; Accidental Death Benefits, total net | 5559 |
| &nbsp;&nbsp;&nbsp; Disability – Active Lives, total net | 14105 |
| &nbsp;&nbsp;&nbsp; Disability – Disabled Lives, total net | 75339 |
| &nbsp;&nbsp;&nbsp; Miscellaneous Reserves, total net | **-** |
| Total life actuarial reserves | $4224177 |

---

7. Separate Accounts

Information regarding the nonguaranteed separate accounts of the Company as of and for the years ended December 31 is as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **2025** | **2024** | **2023** |
|  Premiums, deposits, and other considerations | $**77448** | $71750 | $44499 |
|  **Reserves** |  |  |  |
|  For accounts with assets at: |  |  |  |
| &nbsp;&nbsp;&nbsp; Fair value | $**786646** | $660239 | $497993 |
| &nbsp;&nbsp;&nbsp; Amortized cost | **270225** | 306488 | 313601 |
|  Total | $**1056871** | $966727 | $811594 |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

7. Separate Accounts (continued)

Amounts transferred to and from separate accounts in the statutory basis statements of operations are as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended December 31** | **Year Ended December 31** | **Year Ended December 31** |
|  | **2025** | **2024** | **2023** |
|  Transfers to separate accounts | $**77448** | $71750 | $44499 |
|  Transfers from separate accounts | **87341** | 84988 | 62325 |
|  Net transfers to and from separate accounts | $**(9893)** | $(13238) | $(17826) |

---

8. Commitments and Contingencies

WoodmenLife is involved in pending and threatened litigation in the normal course of its business in which claims for alleged economic and sometimes punitive damages have been asserted. In the opinion of WoodmenLife's management, the ultimate disposition of such matters will not have a materially adverse effect on WoodmenLife's financial position or results of operations.

WoodmenLife has committed to make capital contributions to its subsidiaries, WFS Holdings, Inc. and Woodmen Financial Services, Inc., as may be required to enable them to finance their business operations and to allow Woodmen Financial Services, Inc. to remain in continuous compliance with regulatory capital requirements for the foreseeable future.

As of December 31, 2025, WoodmenLife has outstanding commitments for purchases of mortgage loans in the amount or $31,400.

9. Fair Value of Financial Instruments

SSAP No. 100R, *Fair Value Measurements*, requires disclosure of fair value information about financial instruments, whether or not recognized in the statutory basis balance sheet, for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

9. Fair Value of Financial Instruments (continued)

markets and, in many cases, could not be realized in immediate settlement of the instrument. SSAP No. 100R excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. These fair value disclosures are not intended to represent the fair value of WoodmenLife.

#### Determination of Fair Value
Included in various investment-related line items in the statutory basis financial statements are certain financial instruments carried at fair value. Other financial instruments are periodically measured at fair value, such as when impaired or, for certain bonds, when carried at the lower of cost or market.

The fair value of an asset is the amount at which that asset could be bought or sold in a current transaction between willing parties, that is, other than in a forced or liquidation sale. The fair value of a liability is the amount at which that liability could be incurred or settled in a current transaction between willing parties, that is, other than in a forced or liquidation sale.

Fair values are based on quoted marks or market prices when available. When marks or market prices are not available, fair value is generally estimated using discounted cash flow analyses, incorporating current market inputs for similar financial instruments with comparable terms and credit quality. In instances where there is little or no market activity for the same or similar instruments, WoodmenLife estimates fair value using discounted cash flow methods, models, and assumptions that management believes market participants would use to determine a current transaction price. These valuation techniques involve some level of management estimation and judgment, which becomes significant with increasingly complex instruments or pricing models. Where appropriate, adjustments are included to reflect the risk inherent in a particular methodology, model, or input used.

#### Fair Value Hierarchy
WoodmenLife's financial assets and liabilities carried at fair value have been classified, for disclosure purposes, based on a hierarchy defined by SSAP 100R. The hierarchy gives the highest ranking to fair values determined using unadjusted quoted prices in active markets for identical assets and liabilities (Level 1) and the lowest ranking to fair values determined using methodologies and models with unobservable inputs (Level 3). An asset's or a liability's classification is based on the lowest level input that is significant to its measurement. For example, a Level 3 fair value measurement may include inputs

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

9. Fair Value of Financial Instruments (continued)

that are both observable (Levels 1 and 2) and unobservable (Level 3). The levels of the fair value hierarchy are as follows:

• Level 1 – Values are unadjusted quoted prices for identical assets and liabilities in active markets accessible at the measurement date.

• Level 2 – Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices from those willing to trade in markets that are not active or other inputs that are observable or can be corroborated by market data for the term of the instrument. Such inputs include market interest rates and volatilities, spreads, and yield curves.

• Level 3 – Certain inputs are unobservable (supported by little or no market activity) and significant to the fair value measurement. Unobservable inputs reflect the Company's best estimate of what hypothetical market participants would use to determine a transaction price for the asset or liability at the reporting date.

The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value:

#### Cash, cash equivalents and short-term investments:
*Level 1:* The carrying amounts for level 1 assets reported in the statutory basis balance sheets approximate their fair value due to their liquid nature or expected short-term settlement.

**Bonds:** 

*Level 2*: Typical inputs to models used by independent pricing services include but are not limited to benchmark yields, reported trades, issuer spreads, benchmark securities, bids, offers, reference data, and industry and economic events. Because some securities do not trade daily, independent pricing services regularly derive fair values using recent trades of securities with similar features. When recent trades are not available, pricing models are used to estimate fair values of securities by discounting future cash flows at estimated market interest rates.

*Level 3*: If an independent pricing service is unable to provide the fair value for a security due to insufficient market information, such as for a private placement transaction, WoodmenLife will determine the fair value internally using a discounted expected future cash flow model. This model estimates fair value using discounted cash flows at a

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

9. Fair Value of Financial Instruments (continued)

market yield where the discount rate reflects market returns. The market return is obtained by referring to similar securities and may be adjusted based on specific characteristics of the security, including inputs that are not readily observable in the market. WoodmenLife classifies certain newly issued, privately placed, complex or illiquid securities in Level 3.

#### Preferred stocks:
Level 1: Assets include actively traded exchange listed securities whose fair values are based on quoted market prices or dealer quotes.

Level 2: Asset structures that do not have regular market pricings but the value can be determined based upon underlying holdings that have market values.

Level 3: Assets that are priced via broker-owned valuation teams with access to private trading activity.

#### Common stocks:
Level 1: Assets include actively traded exchange listed equity securities whose fair values are based on quoted market prices or dealer quotes.

Level 2: Asset structures that do not have regular market pricings but the value can be determined based upon underlying holdings that have market values.

Level 3: Assets include private common stocks and fund structures that are priced via broker-owned valuation teams with access to private trading activity.

#### Mortgage loans:
*Level 3*: Fair values for mortgage loans are estimated using discounted cash flow analyses using current market interest rates for loans with similar effective durations.

#### Certificate loans:
*Level 3*: Certificate loans, which have no defined maturity, had interest rates at December 31, 2025, which ranged from 5% to 8%. WoodmenLife believes that the statement value approximates the fair value of the certificate loans.

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

9. Fair Value of Financial Instruments (continued)

#### Derivatives:
Level 1: These instruments are highly liquid and fair values are based on quoted market prices.

#### Other invested assets:
Level 1: Fair values are based on quoted market prices or dealer statement values of mutual funds invested at the direction of participants of the Non-Qualified Deferred Compensation Plan.

Level 3: Limited Partnerships that are illiquid in nature are based on the equity method adjusted for quarterly costs, gains and losses. CLO's are based on the issuer's financial modeling and current market conditions.

#### Aggregate reserves for interest-sensitive certificates and contracts, life, and annuity:
Level 2: Fair values of WoodmenLife's investment contract, deferred annuity, and single premium deferred annuity liabilities that are under contracts involving significant mortality or morbidity are stated at the cost WoodmenLife would incur to extinguish the cash surrender value related to the liability.

#### Separate accounts:
Level 1: Fair values for separate accounts established to back a portion of pension liabilities with common stocks and for variable annuity contracts with mutual funds are based on quoted market prices. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities.

#### Securities lending:
Level 2: The cash collateral from securities lending is reinvested in a short-term bond fund. The fair value of this fund is provided by the custodian. Liabilities represent the obligation to return cash collateral posted by borrowers of WoodmenLife's securities lent.

The following tables set forth a comparison of the estimated fair values and carrying amounts of WoodmenLife's financial instruments, including those not measured at fair value in the balance sheets, as of December 31, 2025 and 2024, respectively:

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

9. Fair Value of Financial Instruments (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  | **Carrying** | **Fair** | | | |
|  | **Amount** | **Value** | **Level 1** | **Level 2** | **Level 3** |
|  **Financial assets:** |  |  |  |  |  |
|  Cash, cash equivalents and short-term investments | $**104332** | $**104332** | $**104332** | $**-** | $**-** |
|  Bonds | **6622299** | **6297941** | **-** | **6291258** | **6683** |
|  Common stock (unaffiliated) | **450363** | **450363** | **425033** | **23557** | **1773** |
|  Preferred stock | **129661** | **129661** | **119741** | **-** | **9920** |
|  Mortgage loans | **2358107** | **2306300** | **-** | **-** | **2306300** |
|  Certificate loans | **122332** | **122332** | **-** | **-** | **122332** |
|  Securities lending reinvested collateral assets | **89341** | **89341** | **-** | **89341** | **-** |
|  Derivatives | **60608** | **60608** | **60608** | **-** | **-** |
|  Other invested assets | **101934** | **101934** | **13276** | **-** | **88658** |
|  Separate account assets | **1068707** | **1068707** | **1068707** | **-** | **-** |
|  **Financial liabilities:** |  |  |  |  |  |
|  Aggregate reserves for interest-sensitive certificates and contracts, life, and annuity | **2977711** | **2910551** | **-** | **2910551** | **-** |
|  Derivatives | **33097** | **33097** | **33097** | **-** | **-** |
|  Payable for securities lending | **89331** | **89331** | **-** | **89331** | **-** |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

9. Fair Value of Financial Instruments (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
|  | **Carrying** | **Fair** | | | |
|  | **Amount** | **Value** | **Level 1** | **Level 2** | **Level 3** |
|  **Financial assets:** |  |  |  |  |  |
|  Cash, cash equivalents and short-term investments | $269713 | $269713 | $269713 | $- | $- |
|  Bonds | 6453323 | 5920496 |  | 5903533 | 16963 |
|  Common stock (unaffiliated) | 458126 | 458126 | 433123 | 23033 | 1773 |
|  Preferred stock | 137848 | 137745 | 128145 |  | 9600 |
|  Mortgage loans | 2405454 | 2268045 |  |  | 2268045 |
|  Certificate loans | 122106 | 122106 |  |  | 122106 |
|  Securities lending reinvested collateral assets | 118312 | 118312 |  | 118312 |  |
|  Derivatives | 50956 | 50956 | 50956 |  |  |
|  Other invested assets | 83434 | 83434 | 12465 |  | 70968 |
|  Separate account assets | 977910 | 977910 | 977910 |  |  |
|  **Financial liabilities:** |  |  |  |  |  |
|  Aggregate reserves for interest-sensitive certificates and contracts, life, and annuity | 3028233 | 2962408 |  | 2962408 |  |
|  Derivatives | 26053 | 26053 | 26053 |  |  |
|  Payable for securities lending | 118318 | 118318 |  | 118318 |  |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements - Statutory Basis (continued)

*(Dollars in Thousands)*

9. Fair Value of Financial Instruments (continued)

#### Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table provides information as of December 31, 2025, about the Company's financial assets and liabilities measured at fair value on a recurring basis.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  Assets at fair value: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common stocks (unaffiliated) | **424501** | **23557** | **1773** | **449831** |
| &nbsp;&nbsp;&nbsp;&nbsp; Preferred stocks | **49569** | **-** | **9920** | **59489** |
| &nbsp;&nbsp;&nbsp;&nbsp; Derivatives | **60608** | **-** | **-** | **60608** |
| &nbsp;&nbsp;&nbsp;&nbsp; Securities lending reinvested collateral assets | **-** | **89341** | **-** | **89341** |
| &nbsp;&nbsp;&nbsp;&nbsp; Separate account assets | **1068707** | **-** | **-** | **1068707** |
|  Total assets at fair value | $**1603385** | $**112898** | $**11693** | $**1727796** |
|  Liabilities at fair value: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Derivatives | $**33097** | $**-** | $**-** | $**33097** |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable for securities lending | **-** | **89331** | **-** | **89331** |
|  Total liabilities at fair value | $**33097** | $**89331** | $**-** | $**122428** |

---

The following table provides information as of December 31, 2024, about the Company's financial assets and liabilities measured at fair value on a recurring basis.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  Assets at fair value: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash, cash equivalents and short-term investments | $269713 | $- | $- | $269713 |
| &nbsp;&nbsp;&nbsp;&nbsp; Common stocks (unaffiliated) | 433123 | 23033 | 1969 | 458125 |
| &nbsp;&nbsp;&nbsp;&nbsp; Preferred stocks | 62485 |  | 9600 | 72085 |
| &nbsp;&nbsp;&nbsp;&nbsp; Derivatives | 50956 |  |  | 50956 |
| &nbsp;&nbsp;&nbsp;&nbsp; Securities lending reinvested collateral assets |  | 118312 |  | 118312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Separate account assets | 977910 |  |  | 977910 |
|  Total assets at fair value | $1794187 | $141345 | $11569 | $1947101 |
|  Liabilities at fair value: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Derivatives | $26053 | $- | $- | $26053 |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable for securities lending |  | 118318 |  | 118318 |
|  Total liabilities at fair value | $26053 | $118318 | $- | $144371 |

---

------

Woodmen of the World Life Insurance Society

Notes to Financial Statements – Statutory Basis (continued)

*(Dollars in Thousands)*

9. Fair Value of Financial Instruments (continued)

Fair values and changes in the fair values of separate account assets generally accrue directly to stakeholders and are not included in WoodmenLife's revenues and expenses or surplus.

#### Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables summarize the changes in assets and liabilities classified in Level 3 for 2025 and 2024. Gains and losses reported in this table may include changes in fair value that are attributable to both observable and unobservable inputs.

---

| | | | |
|:---|:---|:---|:---|
|  | **Common** | **Preferred** |  |
|  | **Stocks** | **Stocks** | **Total** |
|  Balance at January 1, 2025 | $**1969** | $**9600** | $**11569** |
| &nbsp;&nbsp;&nbsp;&nbsp; Total gains or losses (realized/unrealized): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Included in net income | **-** | **-** | **-** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Included in surplus | **(196)** | **320** | **124** |
| &nbsp;&nbsp;&nbsp;&nbsp; Purchases | **-** | **-** | **-** |
| &nbsp;&nbsp;&nbsp;&nbsp; Sales | **-** | **-** | **-** |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers In | **-** | **-** | **-** |
|  Balance at December 31, 2025 | $**1773** | $**9920** | $**11693** |
|  | **Common** | **Preferred** |  |
|  | **Stocks** | **Stocks** | **Total** |
|  Balance at January 1, 2024 | $2829 | $- | $2829 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total gains or losses (realized/unrealized): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Included in net income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Included in surplus | (860) |  | (860) |
| &nbsp;&nbsp;&nbsp;&nbsp; Purchases |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Sales |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers In |  | 9600 | 9600 |
|  Balance at December 31, 2024 | $1969 | $9600 | $11569 |

---

During 2025 and 2024, there were no significant transfers between Level 1 and 2.

WoodmenLife's policy is to recognize transfers in and out of levels at the end of the reporting period.

------

#### Supplementary Information – Statutory Basis
Supplementary Information – Statutory Basis

---

| | |
|:---|:---|
|  [Report of Independent Auditors on Supplementary Information – Statutory Basis](#fin166690_101) | 60 |
|  [Supplemental Schedule of Selected Financial Data – Statutory Basis](#fin166690_102) | 61 |
|  [Supplemental Schedule of Investment Risks Interrogatories and Summary Investment Schedule](#fin166690_103) | 64 |
|  [Note to Supplemental Schedules of Supplementary Information – Statutory Basis](#fin166690_104) | 76 |

---

------

#### INDEPENDENT AUDITOR'S REPORT
Audit Committee of Woodmen of the World Life Insurance Society

#### Report on Supplemental Schedules
Our 2025 audit was conducted for the purpose of forming an opinion on the 2025 statutory basis financial statements of Woodmen of the World Life Insurance Society ("the Company") as a whole. The supplemental schedule of investment risk interrogatories, the supplemental summary investment schedule, and the supplemental schedule of selected financial data as of and for the year ended December 31, 2025, are presented for purposes of additional analysis and are not a required part of the 2025 statutory basis financial statements.

These schedules are the responsibility of the Company's management and were derived from and relate directly to the underlying accounting and other records used to prepare the statutory basis financial statements. Such schedules have been subjected to the auditing procedures applied in our audit of the 2025 statutory basis financial statements and certain additional procedures, including comparing and reconciling such schedules directly to the underlying accounting and other records used to prepare the statutory basis financial statements or to the statutory basis financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, such schedules are fairly stated in all material respects in relation to the 2025 statutory basis financial statements as a whole.

/s/ Deloitte & Touche LLP

April 28, 2026

Omaha, Nebraska

------

Woodmen of the World Life Insurance Society

Supplemental Schedule of Selected

Financial Data – Statutory Basis

*(Dollars in Thousands)* 

As of and for the Year Ended December 31, 2025

---

| | |
|:---|:---|
|  Investment income earned: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. government bonds | $57654 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other bonds (unaffiliated) | 203460 |
| &nbsp;&nbsp;&nbsp;&nbsp; Preferred stocks (unaffiliated) | 7414 |
| &nbsp;&nbsp;&nbsp;&nbsp; Common stocks (unaffiliated) | 7970 |
| &nbsp;&nbsp;&nbsp;&nbsp; Common stocks of affiliates |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage loans | 108911 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real estate | 22276 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate loans | 9183 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash on hand and on deposit and short-term investments | 5188 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other invested assets | 10219 |
| &nbsp;&nbsp;&nbsp;&nbsp; Derivative instruments |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aggregate write-ins for investment income | 3924 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gross investment income | $436199 |
|  Real estate owned, at book value less encumbrances | $72395 |
|  Mortgage loans by collateral classification, at book value: |  |
|  Farm mortgages | $- |
|  Residential mortgages |  |
|  Commercial mortgages | 2358107 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total mortgage loans | $2358107 |
|  Mortgage loans by standing, at book value: |  |
|  Good standing | $2358107 |
|  Good standing with restructured terms |  |
|  Interest overdue more than 90 days, not in foreclosure |  |
|  Foreclosure in process |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total mortgage loans | $2358107 |

---

------

Woodmen of the World Life Insurance Society

Supplemental Schedule of Selected (continued)

Financial Data – Statutory Basis

*(Dollars in Thousands)* 

---

| | |
|:---|:---|
|  Securities lending reinvested collateral assets | $89341 |
|  Other Invested assets and receivables for securities | $102069 |
|  Certificate loans | $122332 |
|  Bonds and stocks of parents, subsidiaries, and affiliates, book value: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stocks | 921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total bonds and stocks of parents, subsidiaries, and affiliates | $921 |
|  Bonds, short-term investments, and cash equivalents by maturity (using estimated sinking fund payment level), at statement value: |  |
|  Due within one year or less | $784294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Over one year through five years | 2095646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Over five years through ten years | 2222365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Over ten years through twenty years | 1266499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Over twenty years | 325399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total bonds, short-term investments, and cash equivalents by maturity | $6694203 |
|  Bonds, short-term investments, and cash equivalents by class, at statement value: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; NAIC 1 | $5267239 |
| &nbsp;&nbsp;&nbsp;&nbsp; NAIC 2 | 1408467 |
| &nbsp;&nbsp;&nbsp;&nbsp; NAIC 3 | 18497 |
| &nbsp;&nbsp;&nbsp;&nbsp; NAIC 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; NAIC 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; NAIC 6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total bonds, short-term investments, and cash equivalents by class | $6694203 |
|  Bonds, short-term investments, and cash equivalents by trading category, at statement value: |  |
|  Total publicly traded | $5256410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total privately placed | 1437793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total bonds, short-term investments, and cash equivalents | $6694203 |
|  Preferred stocks, at statement value | $129661 |
|  Common stocks, at market value | $450363 |
|  Short-term investments, at book value | $- |
|  Options, caps, and floors owned, at statement value | $60608 |
|  Options, caps, and floors written and in force, at statement value | $(33097) |

---

------

Woodmen of the World Life Insurance Society

Supplemental Schedule of Selected (continued)

Financial Data – Statutory Basis

*(Dollars in Thousands)* 

---

| | |
|:---|:---|
|  Collar, swap, and forward agreements open, at statement value | $– |
|  Futures contracts open, at current value | $– |
| Jon R. Aerni | Jon R. Aerni |
|  Cash on deposit | $32428 |
|  Cash equivalents | $71904 |
|  Life insurance in-force: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ordinary | $39390075 |
|  Amount of accidental death insurance in force under ordinary certificates | $2474287 |
|  Life insurance certificates with disability provisions in force – ordinary |  |
|  Supplementary contracts in force: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ordinary, not involving life contingencies: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amount on deposit | $180740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income payable | 14019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ordinary, involving life contingencies – income payable | 6535 |
|  Annuities: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ordinary: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Immediate – income payable | $16209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred – fully paid (account balance) | 2657350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred – not fully paid (account balance) |  |
|  Accident and health insurance, certificates in force – ordinary | $59466 |
|  Deposit funds and refund accumulations: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Deposit funds, account balance | $417659 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refund accumulations, account balance | 192198 |
|  Claim payments: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accident and health: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | $8251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | $4411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | $2333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | $2460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | $2198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All prior years | $4100 |

---

------

Woodmen of the World Life Insurance Society

Supplemental Schedule of Investment Risks Interrogatories

and Summary Investment Schedule

*(Dollars in Thousands)* 

December 31, 2025

#### Investment Risks Interrogatories
1. WoodmenLife's total admitted assets, excluding separate account assets, as reported on page two of its Annual Statement are $10,244,578.

2. Following are the ten largest exposures to a single issuer/borrower/investment, by investment category, excluding: (i) U.S. government, U.S. government agency securities, and those U.S. government money market funds listed in the appendix to the SVO *Purposes and Procedures Manual* as exempt; (ii) property occupied by the Company; and (iii) policy loans:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment Category/Issuer** |  | **Amount** | **Percentage of Total<br>Admitted Assets** |
| a. | Royal Bank of Canada | Bonds | $58900 | 0.57% |
| b. | Entergy Corporation | Bonds | 57000 | 0.56 |
| c. | Bank of Montreal | Bonds | 46445 | 0.45 |
| d. | Mars Inc. | Bonds | 46259 | 0.45 |
| e. | Bank of Nova Scotia | Bonds | 45598 | 0.45 |
| f. | Bank of America Corporation | Bonds | 44736 | 0.44 |
| g. | Cargill | Bonds | 43000 | 0.42 |
| h. | Kinder Morgan Inc. | Bonds | 43000 | 0.42 |
| i. | Exelon Corporation | Bonds | 42320 | 0.41 |
| j. | Duke Energy | Bonds | 41815 | 0.41 |

---

------

Woodmen of the World Life Insurance Society

Supplemental Schedule of Investment Risks Interrogatories

and Summary Investment Schedule

*(Dollars in Thousands)* 

#### Investment Risks Interrogatories (continued)
3. WoodmenLife's total admitted assets held in bonds and short-term investments, by NAIC rating, are:

---

| | | |
|:---|:---|:---|
| **Bonds and Commercial Paper** | **Bonds and Commercial Paper** | **Bonds and Commercial Paper** |
|  | | **Percentage of Total** |
| **NAIC Rating** | **Amount** | **Admitted Assets** |
|  NAIC-1 | $5267238 | 51.41% |
|  NAIC-2 | 1408467 | 13.75 |
|  NAIC-3 | 18497 | 0.18 |
|  NAIC-4 |  | 0.00 |
|  NAIC-5 |  | 0.00 |
|  NAIC-6 |  | 0.00 |
|  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6694203 | 65.34% |

---

4. Total admitted assets held in foreign investments on December 31, 2025 was $362,275, 3.54% of WoodmenLife's admitted assets.

5. Aggregate foreign investment exposure categorized by NAIC sovereign rating:

---

| | | |
|:---|:---|:---|
|  | **Amount** | **Percentage of<br>Total<br>Admitted Assets** |
|  Class 1 | $330347 | 3.22% |
|  Class 2 | 21928 | 0.21% |
|  Class 3 | 10000 | 0.10% |
|  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362275 | 3.53% |

---

------

Woodmen of the World Life Insurance Society

Supplemental Schedule of Investment Risks Interrogatories

and Summary Investment Schedule

*(Dollars in Thousands)* 

6. Largest foreign investment exposures by country, categorized by the country's NAIC sovereign rating:

---

| | | |
|:---|:---|:---|
| Countries rated NAIC-1: | **Amount** | **Percentage of Total<br>Admitted Assets** |
| &nbsp;&nbsp;&nbsp;&nbsp; Cayman Islands | $116427 | 1.14% |
| &nbsp;&nbsp;&nbsp;&nbsp; Great Britain | 57478 | 0.56% |
| Countries rated NAIC-2: | **Amount** | **Percentage of Total<br>Admitted Assets** |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexico | $21928 | 0.21% |
|  |  | —% |

---

7-9. WoodmenLife had no unhedged foreign currency exposure.

10. WoodmenLife's ten largest non-sovereign (i.e., non-governmental) foreign issues

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer** | **Amount** | **Percentage<br>of Total<br>Admitted Assets** |
| a. | Honda Motor | $39803 | 0.39% |
| b. | BP Capital | 34937 | 0.34 |
| c. | Toyota Motor Credit Corporation | 28973 | 0.28 |
| d. | Blue Diamond | 23551 | 0.23 |
| e. | Siemens Finance | 23466 | 0.23 |
| f. | Heineken NV | 21357 | 0.21 |
| g. | Coca-Cola Femsa | 18928 | 0.18 |
| h. | AstraZeneca PLC | 12966 | 0.13 |
| i. | CSLB Holdings | 10993 | 0.11 |
| j. | Ferguson PLC | 10662 | 0.10 |

---

------

Woodmen of the World Life Insurance Society

Supplemental Schedule of Investment Risks Interrogatories

and Summary Investment Schedule

*(Dollars in Thousands)* 

11. WoodmenLife's total admitted assets held in Canadian investments of $287,786 supported Canadian-denominated insurance liabilities of $0.

---

| | | |
|:---|:---|:---|
|  | **Amount** | **Percentage<br>of Total<br>Admitted<br>Assets** |
| 11.02 Canadian investments | $287786 | 2.81% |
| 11.03 Canadian currency-denominated investments |  |  |
| 11.04 Canadian-denominated insurance liabilities |  |  |
| 11.05 Unhedged Canadian currency exposure |  |  |

---

12. Assets held in investments with contractual sales restrictions are less than 2.5% of the Company's total admitted assets.

------

Woodmen of the World Life Insurance Society

Supplemental Schedule of Investment Risks Interrogatories

and Summary Investment Schedule

*(Dollars in Thousands)* 

13. WoodmenLife's admitted assets held in the largest ten equity interests (including investments in the shares of mutual funds, publicly traded equity securities, and other equity securities and excluding money market and bond mutual funds listed in the appendix to the *Purposes and Procedures Manual of the NAIC Investment Analysis Office* as exempt or Class 1) are:

---

| | | |
|:---|:---|:---|
|  | | **Percentage<br>of Total<br>Admitted** |
| **Investment Category/Issuer**<br>| **Amount**  | **Assets**  |
| a. Mutual Fund – Vanguard Total Stock Market | $333030 | 3.25% |
| b. Common Stock – Blue Diamond Non-Dir TEI Fund | 23551 | 0.23 |
| c. Common Stock – JP Morgan Chase & Company | 5671 | 0.06 |
| d. Common Stock – IBM Corporation | 5050 | 0.05 |
| e. Common Stock – Bank of America Corp | 4919 | 0.05 |
| f. Common Stock – Southern Company | 4905 | 0.05 |
| g. Common Stock – Coca-Cola Company | 4894 | 0.05 |
| h. Common Stock – Ares Capital Corporation | 4869 | 0.05 |
| i. Common Stock – Exon Mobil Corp | 4761 | 0.05 |
| j. Common Stock – OGE Energy Corporation | 4697 | 0.05 |

---

14. Assets held in nonaffiliated, privately placed equities are less than 2.5% of the Company's total admitted assets.

15. Assets held in general partnership interests are less than 2.5% of the Company's total admitted assets.

------

Woodmen of the World Life Insurance Society

Supplemental Schedule of Investment Risks Interrogatories

and Summary Investment Schedule

*(Dollars in Thousands)* 

16. With respect to mortgage loans reported in Schedule B, the amounts and percentages of the Company's ten largest mortgage interests are as follows:

---

| | | |
|:---|:---|:---|
| **Type/Property** | **Amount** | **Percentage<br>of Total<br>Admitted<br>Assets** |
| a. Commercial | $17000 | 0.17% |
| b. Commercial | 15000 | 0.15 |
| c. Commercial | 14673 | 0.14 |
| d. Commercial | 14519 | 0.14 |
| e. Commercial | 14000 | 0.14 |
| f. Commercial | 13914 | 0.14 |
| g. Commercial | 13893 | 0.14 |
| h. Commercial | 13686 | 0.13 |
| i. Commercial | 13585 | 0.13 |
| j. Commercial | 13500 | 0.13 |

---

------

Woodmen of the World Life Insurance Society

Supplemental Schedule of Investment Risks Interrogatories

and Summary Investment Schedule

*(Dollars in Thousands)* 

Mortgage loans classified by category:

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Amount** | **Percentage<br>of Total<br>Admitted** |
| a. | Construction loans | $– | –% |
| b. | Mortgage loans over 90 days past due |  |  |
| c. | Mortgage loans in the process of foreclosure |  |  |
| d. | Mortgage loans foreclosed |  |  |
| e. | Restructured mortgage loans |  |  |

---

17. Aggregate mortgage loans having the following loan-to-value ratios as determined from the most current appraisal as of the annual statement date:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Residential** | **Residential** | **Commercial** | **Commercial** | **Agricultural** | **Agricultural** |
|  | **Percentage of<br>Total Admitted** | **Percentage of<br>Total Admitted** | **Percentage of<br>Total Admitted** | **Percentage of<br>Total Admitted** | **Percentage of<br>Total Admitted** | **Percentage of<br>Total Admitted** |
| **Loan-to-Value** | **Amount** | **Assets** | **Amount** | **Assets** | **Amount** | **Assets** |
| i. Above 95% | $– | –% | $– | –% | $– | –% |
| ii. 91% to 95% |  |  |  |  |  |  |
| iii. 81% to 90% |  |  |  |  |  |  |
| iv. 71% to 80% |  |  | 7932 | 0.08 |  |  |
| v. Below 70% |  |  | 2350175 | 22.94 |  |  |
|  | $– | –% | $2358107 | 23.02% | $– | –% |

---

------

Woodmen of the World Life Insurance Society

Supplemental Schedule of Investment Risks Interrogatories

and Summary Investment Schedule

*(Dollars in Thousands)* 

18. Assets held in each of the five largest investments in one parcel or group of contiguous parcels of real estate reported in Schedule A are less than 2.5% of the Company's total admitted assets.

19. Assets held in mezzanine real estate loans are less than 2.5% of the Company's total admitted assets.

20. WoodmenLife's total admitted assets are subject to the following types of agreements as of the following dates:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | | **Unaudited at End of Each Quarter** | **Unaudited at End of Each Quarter** | **Unaudited at End of Each Quarter** |
|  | **At Year-End** | **At Year-End** | **1st Quarter** | **2nd Quarter** | **3rd Quarter** |
|  | | **Percentage<br>of Total<br>Admitted** | | | |
|  | **Amount** | **Assets** | **Amount** | **Amount** | **Amount** |
| a. Securities lending (do not include assets held as collateral for such transactions) | $89341 | 0.87% | $112931 | $119675 | $86558 |
| b. Repurchase agreements |  |  |  |  |  |
| c. Reverse repurchase agreements |  |  |  |  |  |
| d. Dollar repurchase agreements |  |  |  |  |  |
| e. Dollar reverse repurchase agreements |  |  |  |  |  |

---

------

Woodmen of the World Life Insurance Society

Supplemental Schedule of Investment Risks Interrogatories

and Summary Investment Schedule

*(Dollars in Thousands)* 

21. Warrants not attached to other financial instruments, options, caps, and floors are:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Owned** | **Owned** | **Written** | **Written** |
|  | | **Percentage<br>of Total<br>Admitted** | | **Percentage<br>of Total<br>Admitted** |
|  | **Amount** | **Assets** | **Amount** | **Assets** |
| a. Hedging | $– | –% | $– | –% |
| b. Income generation |  |  |  |  |
| c. Other | 60608 | 0.59 | (33097) | (0.32) |

---

22. WoodmenLife's potential exposure (defined as the amount determined in accordance with the NAIC's *Annual Statement Instructions*) for collars, swaps, and forwards as of the following dates is:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | | | **Unaudited at End of Each Quarter** | **Unaudited at End of Each Quarter** |
|  | **At Year-End** | **At Year-End** | **1st**<br> **Quarter** | **2nd**<br> **Quarter** | **3rd**<br> **Quarter** |
|  | | **Percentage<br>of Total<br>Admitted** | | | |
|  | **Amount** | **Assets** | **Amount** | **Amount** | **Amount** |
| a. Hedging | $– | –% | $– | $– | $– |
| b. Income generation |  |  |  |  |  |
| c. Replications |  |  |  |  |  |
| d. Other |  |  |  |  |  |

---

------

Woodmen of the World Life Insurance Society

Supplemental Schedule of Investment Risks Interrogatories

and Summary Investment Schedule

*(Dollars in Thousands)* 

23. WoodmenLife's potential exposure (defined as the amount determined in accordance with the NAIC's *Annual Statement Instructions*) for futures contracts as of the following dates is:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | | **Unaudited at End of Each<br>Quarter** | **Unaudited at End of Each<br>Quarter** | **Unaudited at End of Each<br>Quarter** |
|  | **At Year-End** | | **1st<br>Quarter** | **2nd**<br> **Quarter** | **3rd<br>Quarter** |
|  | **Amount** | **Percentage<br>of Total<br>Admitted<br>Assets** | **Amount** | **Amount** | **Amount** |
| a. Hedging | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | –% | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| b. Income generation |  |  |  |  |  |
| c. Replications |  |  |  |  |  |
| d. Other |  |  |  |  |  |

---

------

Woodmen of the World Life Insurance Society

Supplemental Schedule of Investment Risks Interrogatories

and Summary Investment Schedule

*(Dollars in Thousands)* 

#### Summary Investment Schedule

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | | | **Admitted Assets as Reported in the** | **Admitted Assets as Reported in the** | **Admitted Assets as Reported in the** |
|  | **Gross Investment Holdings\*** | **Gross Investment Holdings\*** | **Gross Investment Holdings\*** | **Annual Statement** | **Annual Statement** | **Annual Statement** |
| **Investment Categories** | **Amount** | **Percentage<br>of Total<br>Invested<br>Assets** | **Amount** | **Securities<br>Lending<br>Reinvested<br>Collateral<br>Amount** | **Total<br>Amount** | **Percentage<br>of Total<br>Invested<br>Assets** |
|  Long-Term Bonds: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Issuer Credit Obligations: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Governments | $633 | .01% | $633 | $— | $633 | .01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All Other Governments | 87390 | .86 | 87390 |  | 87390 | .86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-U.S. Sovereign |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Muni Bonds – General Obligations | 164212 | 1.62 | 164212 |  | 164212 | 1.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Muni Bonds – Special Revenue | 443266 | 4.38 | 443266 |  | 443266 | 4.38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project Finance Bonds | 21603 | .21 | 21603 |  | 21603 | .21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds | 3765185 | 37.23 | 3765185 |  | 3765185 | 37.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mandatory Convertible Bonds |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Single Entity Backed Obligations |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SVO-Identified Bond ETFs – FV |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SVO-Identified Bond ETFs – SV |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds issued by Funds Rep OEs |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank Loans – Issued |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank Loans – Acquired |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mtg Loans – Credit Tenant Loans |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Issuer Credit Obligations | 26041 | .26 | 26041 | 89341 | 115382 | 1.41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Issuer Credit Obligations | 4508330 | 44.58 | 4508330 | 89341 | 4597671 | 45.47 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset Backed Securities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial ABS – Self-Liquidating | 2024887 | 20.02 | 2024887 |  | 2024887 | 20.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial ABS – Not Self-Liquidating |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Financial ABS | 89082 | 0.88 | 89082 |  | 89082 | 0.88 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities | 2113969 | 20.90 | 2113969 |  | 2113969 | 20.90 |
| &nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial and miscellaneous |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Unaffiliated) | 129661 | 1.28 | 129661 |  | 129661 | 1.28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parent, subsidiaries and affiliates |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks | 129661 | 1.28 | 129661 |  | 129661 | 1.28 |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stocks |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial and Miscellaneous Publicly |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Traded (Unaffiliated) | 86190 | 0.85 | 86190 |  | 86190 | 0.85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial and Miscellaneous Other | 25861 | 0.26 | 25861 |  | 25861 | 0.26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parent, Subsidiaries and Affiliate |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Publicly Traded |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parent, Subsidiaries and Affiliates |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 921 | 0.01 | 921 |  | 921 | 0.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mutual Funds | 338312 | 3.35 | 338312 |  | 338312 | 3.35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Investment Trusts |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Closed-End Funds |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exchange Traded Funds |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks | 451284 | 4.46 | 451284 |  | 451284 | 4.46 |

---

------

Woodmen of the World Life Insurance Society

Supplemental Schedule of Investment Risks Interrogatories

and Summary Investment Schedule

*(Dollars in Thousands)* 

#### Summary Investment Schedule (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | | | **Admitted Assets as Reported in the** | **Admitted Assets as Reported in the** | **Admitted Assets as Reported in the** |
|  | **Gross Investment Holdings\*** | **Gross Investment Holdings\*** | **Gross Investment Holdings\*** | **Annual Statement** | **Annual Statement** | **Annual Statement** |
| **Investment Categories** | **Amount** | **Percentage<br>of Total<br>Invested<br>Assets** | **Amount** | **Securities<br>Lending<br>Reinvested<br>Collateral<br>Amount** | **Total<br>Amount** | **Percentage<br>of Total<br>Invested<br>Assets** |
|  Mortgage Loans |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Farm Mortgages |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Residential Mortgages |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Mortgages | 2358107 | 23.32 | 2358107 |  | 2358107 | 23.32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mezzanine Real Estate Loans |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Valuation Allowance |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Mortgage Loans | 2358107 | 23.32 | 2358107 |  | 2358107 | 23.32 |
|  Real Estate |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Properties Occupied by Company | 19085 | 0.19 | 19085 |  | 19085 | 0.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Properties Held for Production of Income | 53310 | 0.53 | 53310 |  | 53310 | 0.53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Properties Held for Sale |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Real Estate | 72395 | 0.72 | 72395 |  | 72395 | 0.72 |
|  Cash, Cash Equivalents and Short- |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Investments |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash | 32428 | 0.32 | 32428 |  | 32428 | 0.32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Equivalents | 71904 | 0.71 | 71904 |  | 71904 | 0.71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investments |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Cash, Cash Equivalents and Short-Term Investments | 104332 | 1.03 | 104332 |  | 104332 | 1.03 |
|  Contract Loans | 123601 | 1.22 | 122332 |  | 122332 | 1.21 |
|  Derivatives | 60608 | 0.60 | 60608 |  | 60608 | 0.60 |
|  Other Invested Assets | 101934 | 1.01 | 101934 |  | 101934 | 1.01 |
|  Receivables for Securities | 134 | 0.00 | 134 |  | 134 | 0.00 |
|  Securities lending | 89341 | 0.88 | 89341 | XXX | XXX | XXX |
|  Total invested assets | $10113696 | 100.0% | $10112427 | $89341 | $10112427 | 100.0% |

---

\*Gross investment holdings as valued in compliance with the NAIC's *Accounting Practices and Procedures Manual*.

------

Woodmen of the World Life Insurance Society

Note to Supplemental Schedules of Supplementary Information – Statutory Basis

December 31, 2025

#### Note – Basis of Presentation
The accompanying schedules and interrogatories present selected statutory basis financial data as of December 31, 2025, and for the year then ended, for purposes of complying with Paragraph 9 of the Annual Audited Financial Reports in the Annual Audited Report section of the National Association of Insurance Commissioners' *Annual Statement Instructions* and the National Association of Insurance Commissioners' *Accounting Practices and Procedures Manual* and agree to or are included in the amounts reported in WoodmenLife's 2025 Statutory Annual Statement as filed with the Nebraska Department of Insurance.

Certain items required by Paragraph 9 of the Annual Audited Financial Reports in the Annual Audited Report section of the *Annual Statement Instructions* and the *Accounting Practices and Procedures Manual* have been omitted from the schedule presented herein as amounts are zero or items are not applicable.

The Company has not identified any reinsurance contracts entered into, renewed or amended on or after January 1, 1996 that would require disclosure in the supplemental schedule of life and health reinsurance disclosures as required under SSAP No. 61R, Life, Deposit-Type and Accident and Health Reinsurance.

------

Exhibits and Financial Statement Schedules

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Exhibits. See Exhibit Index following the signature pages to this Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Financial Statement Schedules.

---

| | |
|:---|:---|
|  | Page |
|  [Report of Independent Auditors on Schedules](#fin166690_201) | II-2 |
|  [Schedule I – Summary of Investments Other Than Investments in Related Parties as of December 31, 2025](#fin166690_202) | II-3 |
|  [Schedule III – Supplementary Insurance Information as of December 31, 2025, 2024, and 2023 and for Each of the Years Then Ended](#fin166690_203) | II-4 |
|  [Schedule IV – Reinsurance as of December 31, 2025, 2024, and 2023 and for Each of the Years Then Ended](#fin166690_204) | II-6 |

---

All other schedules, other than those listed above, are omitted because the information is not required or because the information is included in the Financial Statements or Notes to Financial Statements.

------

#### INDEPENDENT AUDITOR'S REPORT
Audit Committee of Woodmen of the World Life Insurance Society

#### Report on Supplemental Schedules
Our 2025 audit was conducted for the purpose of forming an opinion on the 2025 statutory basis financial statements of Woodmen of the World Life Insurance Society ("the Company") as a whole. The supplemental schedules of summary of investments other than investments in related parties as of December 31, 2025, supplementary insurance information as of and for the years ended December 31, 2025 and 2024, and reinsurance for the years ended December 31, 2025, and 2024, are presented for purposes of additional analysis and are not a required part of the 2025 statutory basis financial statements.

These schedules are the responsibility of the Company's management and were derived from and relate directly to the underlying accounting and other records used to prepare the statutory basis financial statements. Such schedules have been subjected to the auditing procedures applied in our audit of the 2025 and 2024 statutory basis financial statements and certain additional procedures, including comparing and reconciling such schedules directly to the underlying accounting and other records used to prepare the statutory basis financial statements or to the statutory basis financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, such schedules are fairly stated in all material respects in relation to the 2025 and 2024 statutory basis financial statements as a whole.

The 2023 supplemental schedules of supplementary insurance information and reinsurance were subjected to auditing procedures by other auditors whose report, dated April 24, 2024, stated that such schedules present fairly, in all material respects, the information set forth therein when considered in conjunction with the 2023 statutory basis financial statements.

---

| |
|:---|
| /s/ Deloitte & Touche LLP |
| April 28, 2026 |
| Omaha, Nebraska |

---

------

Schedule I – Summary of Investments

Other Than Investments in Related Parties

As of December 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Type of Investment** | **Cost** | **Estimated<br>Market<br>Value** | **Statement of<br>Financial<br>Position<br>Amount** |
|  | *(Dollars In Thousands)* | *(Dollars In Thousands)* | *(Dollars In Thousands)* |
|  Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Governments | $634 | $562 | $633 |
| &nbsp;&nbsp;&nbsp;&nbsp; All Other Governments | 87386 | 68205 | 87390 |
| &nbsp;&nbsp;&nbsp;&nbsp; Muni Bonds – General Obligations | 164001 | 150253 | 164212 |
| &nbsp;&nbsp;&nbsp;&nbsp; Muni Bonds – Special Revenue | 442927 | 378382 | 443265 |
| &nbsp;&nbsp;&nbsp;&nbsp; Project Finance Bonds | 21603 | 21633 | 21603 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds | 3754258 | 3655369 | 3765186 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Issuer Credit Obligations | 26340 | 26752 | 26041 |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial ABS – Self-Liquidating | 1993360 | 1907947 | 2024887 |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial ABS – Not Self-Liquidating |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-Financial ABS | 88927 | 88688 | 89082 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total bonds | 6579436 | 6297791 | 6622299 |
|  Equity securities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Preferred stocks: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial, miscellaneous and other | 145001 | 129590 | 129661 |
| &nbsp;&nbsp;&nbsp;&nbsp; Common stocks: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banks, trust, and insurance cos | 5709 | 11122 | 11122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial, miscellaneous, and all other | 72613 | 100929 | 100929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mutual funds | 130852 | 338312 | 338312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total equity securities | 354175 | 579953 | 580024 |
|  Mortgage loans | 2358107 |  | 2358107 |
|  Real estate | 239130 |  | 72395 |
|  Certificate loans | 123601 |  | 122332 |
|  Securities lending reinvestment collateral assets | 89341 |  | 89341 |
|  Cash, cash equivalents and short-term investments` | 104332 |  | 104332 |
|  Derivatives | 60608 |  | 60608 |
|  Other invested assets | 102069 |  | 102069 |
|  Total investments | 10010799 |  | 10111507 |

---

PRELIMINARY AND TENTATIVE FOR DISCUSSIONS ONLY

------

Schedule III – Supplementary Insurance Information

As of December 31, 2025, 2024, and 2023 and for Each of the Years Then Ended

---

| | | |
|:---|:---|:---|
|  | | **Contractholder** |
|  | **Future Policy** | **and Other** |
|  | **Benefits** | **Certificateholder** |
|  | **and Claims** | **Funds** |
|  | *(Dollars In Thousands)* | *(Dollars In Thousands)* |
| **2025** |  |  |
|  Life and health insurance | $**7954716** | $**17039** |
| **2024** |  |  |
|  Life and health insurance | $8107890 | $20630 |
| **2023** |  |  |
|  Life and health insurance | $8274585 | $24357 |

---

------

Schedule III – Supplementary Insurance Information (continued)

As of December 31, 2025, 2024, and 2023 and for Each of the Years Then Ended

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | | **Benefits,** | |
|  | **Premiums** | **Net** | **Claims, and** | **Other** |
|  | **and Other** | **Investment** | **Settlement** | **Operating** |
|  | **Considerations** | **Income (1)** | **Expenses** | **Expenses (1)** |
|  | *(Dollars In Thousands)* | *(Dollars In Thousands)* | *(Dollars In Thousands)* | *(Dollars In Thousands)* |
| **2025** |  |  |  |  |
|  Life and health insurance | **$622523** | $**410202** | $**792422** | $**211552** |
| **2024** |  |  |  |  |
|  Life and health insurance | $697760 | $383909 | $858980 | $202574 |
| **2023** |  |  |  |  |
|  Life and health insurance | $750809 | $374292 | $905841 | $189134 |

---

(1) Allocations of net investment income and certain operating expenses are based on a number of assumptions and estimates, and reported operating results would change if different methods were applied.

------

Schedule IV – Reinsurance

As of December 31, 2025, 2024, and 2023 and for Each of the Years Then Ended

---

| | | | |
|:---|:---|:---|:---|
|  | | **Ceded to** | |
|  | **Gross** | **Other** | **Net** |
|  | **Amount** | **Companies** | **Amount** |
|  | *(Dollars In Thousands)* | *(Dollars In Thousands)* | *(Dollars In Thousands)* |
| **2025** |  |  |  |
|  Life insurance in force | $**39390075** | $**10734382** | $**28655693** |
|  Premiums: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Life insurance | $**631800** | $**31720** | $**600080** |
| &nbsp;&nbsp;&nbsp;&nbsp; Supplemental contracts involving life contingencies | **7528** | **-** | **7528** |
| &nbsp;&nbsp;&nbsp;&nbsp; Supplemental contracts not involving life contingencies |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accident and health insurance | **44762** | **29846** | **14914** |
|  Total | $**684090** | $**61566** | $**622524** |
| **2024** |  |  |  |
|  Life insurance in force | $39435432 | $10087790 | $29347642 |
|  Premiums: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Life insurance | $706371 | $27774 | $678597 |
| &nbsp;&nbsp;&nbsp;&nbsp; Supplemental contracts involving life contingencies | 9640 |  | 9640 |
| &nbsp;&nbsp;&nbsp;&nbsp; Supplemental contracts not involving life contingencies |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accident and health insurance | 17220 | 7698 | 9522 |
|  Total | $733231 | $35472 | $697759 |
| **2023** |  |  |  |
|  Life insurance in force | $39445658 | $9611049 | $29834609 |
|  Premiums: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Life insurance | $764983 | $28673 | $736310 |
| &nbsp;&nbsp;&nbsp;&nbsp; Supplemental contracts involving life contingencies | 6414 |  | 6414 |
| &nbsp;&nbsp;&nbsp;&nbsp; Supplemental contracts not involving life contingencies |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accident and health insurance | 9550 | 1464 | 8086 |
|  Total | $780947 | $30137 | $750810 |

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Financial Statements WoodmenLife Financial & Statements. Other pdf Financial Information—Statutory Basis Woodmen of the World Life Insurance Society Years Ended December 31, 2025, 2024 and 2023, and Independent Auditor's Report

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WoodmenLife Variable Annuity Account

Financial Statements

Years Ended December 31, 2025 and 2024

### Contents

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| | |
|:---|:---|
|  [Reports of Independent Registered Public Accounting Firms](#fin266690_1) | 1 |
|  Financial Statements |  |
|  [Statements of Assets and Liabilities](#fin266690_2) | 3 |
|  [Statements of Operations](#fin266690_3) | 12 |
|  [Statements of Changes in Net Assets](#fin266690_4) | 21 |
|  [Notes to Financial Statements](#fin266690_5) | 34 |

---

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#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Policyowners of WoodmenLife Variable Annuity Account

and the Board of Directors of Woodmen of the World Life Insurance Society

#### Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities for each of the subaccounts of Woodmen of the World Life Insurance Society (the "Account") listed in Note 1 as of December 31, 2025, the related statements of operations for the period ended December 31, 2025, the statements of changes in net assets, financial highlights, and the related notes for the periods ended December 31, 2025 and December 31, 2024 (collectively referred to as the "financial statements and financial highlights"). In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each of the subaccounts constituting the Account as of December 31, 2025, and the results of its operations for the period ended December 31, 2025, the changes in their net assets and financial highlights for the period ended December 31, 2025 and December 31, 2024 presented in Note 1, in conformity with accounting principles generally accepted in the United States of America.

The accompanying financial highlights for the years ended December 31, 2023, 2022, and 2021 were audited by other auditors whose report dated April 24, 2024, expressed an unqualified opinion on those statements.

#### Basis for Opinion
These financial statements and financial highlights are the responsibility of the Account's management. Our responsibility is to express an opinion on the subaccounts' financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The subaccounts are not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the subaccounts' internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of December 31, 2025, by correspondence with the custodians. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Omaha, Nebraska

April 28, 2026

We have served as the Company's auditor since 2024.

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WoodmenLife Variable Annuity Account

Statements of Assets and Liabilities

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **American Asset <br>Allocation<br>Subaccount** | **American<br>Growth<br>Subaccount** | **American<br>Capital World <br>Growth &<br>Income<br>Subaccount** | **American<br>Growth &<br>Income<br>Subaccount** | **American<br>Global<br>Growth**<br> **Subaccount** | **American<br>International<br>Growth &<br>Income**<br> **Subaccount**  |
|  **Assets** |  |  |  |  |  |  |
|  Investments in shares of mutual funds, at net asset value | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70924110 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83223432 | $5915820 | $51381041 | $13644475 | $2547887 |
|  Total assets | $70924110 | $83223432 | $5915820 | $51381041 | $13644475 | $2547887 |
|  **Liabilities** |  |  |  |  |  |  |
|  Liabilities |  |  |  |  |  |  |
|  Net assets | $70924110 | $83223432 | $5915820 | $51381041 | $13644475 | $2547887 |
|  **Net assets** |  |  |  |  |  |  |
|  Accumulation units | $70924110 | $83223432 | $5915820 | $51381041 | $13644475 | $2547887 |
|  Total net assets | $70924110 | $83223432 | $5915820 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51381041 | $13644475 | $2547887 |
|  Investments in shares of mutual funds, at cost | $66323524 | $64947980 | $4620578 | $44822426 | $12976136 | $1901156 |
|  Shares of mutual fund owned | 2621963 | 599592 | 321862 | 775212 | 358029 | 194495 |
|  Accumulation units outstanding | 3158601 | 1712125 | 241788 | 1578895 | 464172 | 145942 |
|  Accumulation unit value | $22.45 | $48.61 | $24.47 | $32.54 | $29.40 | $17.46 |

---

*See accompanying notes.*

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WoodmenLife Variable Annuity Account

Statements of Assets and Liabilities (continued)

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **American<br> Global Small<br> Cap<br> Subaccount** | **Calvert<br>NASDAQ 100<br>Subaccount** | **Calvert EAFE**<br> **International<br>Subaccount** | **Calvert<br>Investment<br>Grade Bond<br>Subaccount** | **Calvert S&P**<br> **500<br>Subaccount** | **Calvert S&P**<br> **Mid Cap 400<br>Subaccount**  |
|  **Assets** |  |  |  |  |  |  |
|  Investments in shares of mutual funds, at net asset value | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1300019 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65521547 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2170115 | $9753826 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50348883 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14471930 |
|  Total assets | $1300019 | $65521547 | $2170115 | $9753826 | $50348883 | $14471930 |
|  **Liabilities** |  |  |  |  |  |  |
|  Liabilities |  |  |  |  |  |  |
|  Net assets | $1300019 | $65521547 | $2170115 | $9753826 | $50348883 | $14471930 |
|  **Net assets** |  |  |  |  |  |  |
|  Accumulation units | $1300019 | $65521547 | $2170115 | $9753826 | $50348883 | $14471930 |
|  Total net assets | $1300019 | $65521547 | $2170115 | $9753826 | $50348883 | $14471930 |
|  Investments in shares of mutual funds, at cost | $1140577 | $41648427 | $1691520 | $10165027 | $41816355 | $13499600 |
|  Shares of mutual fund owned | 68278 | 330950 | 17714 | 197887 | 235418 | 113568 |
|  Accumulation units outstanding | 74015 | 386814 | 66711 | 671627 | 665657 | 220739 |
|  Accumulation unit value | $17.56 | $169.39 | $32.53 | $14.52 | $75.64 | $65.56 |

---

*See accompanying notes.* 

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WoodmenLife Variable Annuity Account

Statements of Assets and Liabilities (continued)

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Calvert**<br> **Russell 2000<br>Small Cap<br> Subaccount**  | **Fidelity<br>Contrafund<br>Subaccount** | **Fidelity**<br> **Equity**<br> **Income<br>Subaccount** | **Fidelity<br>Growth<br>Subaccount** | **Fidelity<br>Growth &<br>Income<br>Subaccount** | **Fidelity<br>Overseas<br>Subaccount** |
|  **Assets** |  |  |  |  |  |  |
|  Investments in shares of mutual funds, at net asset value | $7787675 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74495605 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13505319 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36698643 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23028067 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4396029 |
|  Total assets | $7787675 | $74495605 | $13505319 | $36698643 | $23028067 | $4396029 |
|  **Liabilities** |  |  |  |  |  |  |
|  Liabilities |  |  |  |  |  |  |
|  Net assets | $7787675 | $74495605 | $13505319 | $36698643 | $23028067 | $4396029 |
|  **Net assets** |  |  |  |  |  |  |
|  Accumulation units | $7787675 | $74495605 | $13505319 | $36698643 | $23028067 | $4396029 |
|  Total net assets | $7787675 | $74495605 | $13505319 | $36698643 | $23028067 | $4396029 |
|  Investments in shares of mutual funds, at cost | $7320467 | $61530138 | $11774966 | $36730413 | $18680343 | $3976202 |
|  Shares of mutual fund owned | 85938 | 1255614 | 463145 | 380061 | 701220 | 160909 |
|  Accumulation units outstanding | 153979 | 730872 | 264361 | 364408 | 362479 | 114132 |
|  Accumulation unit value | $50.58 | $101.93 | $51.09 | $100.71 | $63.53 | $38.52 |

---

*See accompanying notes.* 

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WoodmenLife Variable Annuity Account

Statements of Assets and Liabilities (continued)

December 31, 2025

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Fidelity Money<br> Market<br> Subaccount** | **Franklin<br>Income<br>Subaccount** | **Franklin<br>Mutual Global<br>Discovery<br>Subaccount** | **Franklin Rising<br>Dividends<br>Subaccount** | **Franklin<br>Strategic Income<br>Subaccount** | **Franklin<br>Global Bond<br>Subaccount** |
|  **Assets** |  |  |  |  |  |  |
|  Investments in shares of mutual funds, at net asset value | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12612401 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40622966 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6461360 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30588117 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10254836 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3399002 |
|  Total assets | $12612401 | $40622966 | $6461360 | $30588117 | $10254836 | $3399002 |
|  **Liabilities** |  |  |  |  |  |  |
|  Liabilities |  |  |  |  |  |  |
|  Net assets | $12612401 | $40622966 | $6461360 | $30588117 | $10254836 | $3399002 |
|  **Net assets** |  |  |  |  |  |  |
|  Accumulation units | $12612401 | $40622966 | $6461360 | $30588117 | $10254836 | $3399002 |
|  Total net assets | $12612401 | $40622966 | $6461360 | $30588117 | $10254836 | $3399002 |
|  Investments in shares of mutual funds, at cost | $12612401 | $39236455 | $5858809 | $29512341 | $10574371 | $3455852 |
|  Shares of mutual fund owned | 12612401 | 2679615 | 339001 | 1090874 | 1123202 | 258087 |
|  Accumulation units outstanding | 11542799 | 2399493 | 325506 | 1082950 | 896323 | 411523 |
|  Accumulation unit value | $1.09 | $16.93 | $19.85 | $28.25 | $11.44 | $8.26 |

---

*See accompanying notes.* 

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WoodmenLife Variable Annuity Account

Statements of Assets and Liabilities (continued)

December 31, 2025

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| | | |
|:---|:---|:---|
|  | **PIMCO Low<br>Duration<br> Subaccount** | **PIMCO Real**<br> **Return<br> Subaccount**  |
|  **Assets** |  |  |
|  Investments in shares of mutual funds, at net asset value | $2442063 | $13866676 |
|  Total assets | $2442063 | $13866676 |
|  **Liabilities** |  |  |
|  Liabilities |  |  |
|  Net assets | $2442063 | $13866676 |
|  **Net assets** |  |  |
|  Accumulation units | $2442063 | $13866676 |
|  Total net assets | $2442063 | $13866676 |
|  Investments in shares of mutual funds, at cost | $2442687 | $14875097 |
|  Shares of mutual fund owned | 249700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1154594 |
|  Accumulation units outstanding | 181958 | 813663 |
|  Accumulation unit value | $13.42 | $17.04 |

---

*See accompanying notes.* 

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WoodmenLife Variable Annuity Account

Statements of Operations

Year Ended December 31, 2025

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **American<br> Asset<br> Allocation<br> Subaccount** | **American<br>Growth<br>Subaccount** | **American<br>Capital World<br>Growth &<br>Income<br>Subaccount** | **American<br>Growth &<br>Income<br>Subaccount** | **American<br>Global Growth<br>Subaccount** | **American<br>International<br>Growth &<br>Income<br>Subaccount** |
|  Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends | $1346882 | $112431 | $77561 | $442097 | $175718 | $58515 |
|  Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk | (813380) | (923741) | (70989) | (586961) | (153725) | (27442) |
|  Net investment income (loss) | 533502 | (811310) | 6572 | (144864) | 21993 | 31073 |
|  Realized gain (loss) on sales of fund shares | 857554 | 2405604 | 109544 | 1504876 | 213763 | (74637) |
|  Capital gain distributions | 4512426 | 5745618 | 206962 | 7835303 | 1524705 |  |
|  Change in unrealized appreciation (depreciation) of investments | 2922062 | 5634117 | 887760 | (1827707) | 527051 | 670208 |
|  Net increase (decrease) in net assets from operations | $8825544 | $12974029 | $1210838 | $7367608 | $2287512 | $626644 |

---

*See accompanying notes.* 

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WoodmenLife Variable Annuity Account

Statements of Operations (continued)

Year Ended December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **American**<br> **Global Small<br> Cap<br> Subaccount** | **Calvert<br>NASDAQ 100<br>Subaccount** | **Calvert EAFE<br>International<br>Subaccount** | **Calvert<br>Investment<br>Grade Bond<br>Subaccount** | **Calvert S&P<br>500<br>Subaccount** | **Calvert S&P<br>Mid Cap 400<br>Subaccount** |
|  Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends | $4347 | $165594 | $49174 | $290524 | $517400 | $154534 |
|  Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk | (15618) | (741379) | (24353) | (115574) | (560381) | (176482) |
|  Net investment income (loss) | (11271) | (575785) | 24821 | 174950 | (42981) | (21948) |
|  Realized gain (loss) on sales of fund shares | (158804) | 4045845 | 89496 | (326217) | 1263385 | 361977 |
|  Capital gain distributions | 26748 | 971769 |  |  | 4336737 | 930334 |
|  Change in unrealized appreciation (depreciation) of investments | 291420 | 6002449 | 377904 | 650641 | 1232929 | (449216) |
|  Net increase (decrease) in net assets from operations | $148093 | $10444278 | $492221 | $499374 | $6790070 | $821147 |

---

*See accompanying notes.* 

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WoodmenLife Variable Annuity Account

Statements of Operations (continued)

Year Ended December 31, 2025

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Calvert<br> Russell 2000<br> Small Cap**<br> **Subaccount** | **Fidelity<br>Contrafund**<br> **Subaccount** | **Fidelity<br>Equity<br>Income**<br> **Subaccount** | **Fidelity<br>Growth**<br> **Subaccount** | **Fidelity<br>Growth &<br>Income**<br> **Subaccount** | **Fidelity<br>Overseas**<br> **Subaccount**  |
|  Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends | $113121 | $35325 | $218339 | $71332 | $317641 | $65967 |
|  Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk | (93264) | (847790) | (154074) | (423334) | (271680) | (53767) |
|  Net investment income (loss) | 19857 | (812465) | 64265 | (352002) | 45961 | 12200 |
|  Realized gain (loss) on sales of fund shares | 258731 | 3604315 | 409535 | 1230860 | 1474872 | 247858 |
|  Capital gain distributions | 368035 | 11182597 | 711504 | 4530609 | 2054458 | 384165 |
|  Change in unrealized appreciation (depreciation) of investments | 139420 | (1399750) | 818206 | (1078462) | 408194 | 75436 |
|  Net increase (decrease) in net assets from operations | $786043 | $12574697 | $2003510 | $4331005 | $3983485 | $719659 |

---

*See accompanying notes.* 

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WoodmenLife Variable Annuity Account

Statements of Operations (continued)

Year Ended December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Fidelity<br> Money<br> Market<br> Subaccount** | **Franklin<br>Income<br>Subaccount** | **Franklin<br>Mutual Global<br>Discovery<br>Subaccount** | **Franklin<br>Rising<br>Dividends<br>Subaccount** | **Franklin<br>Strategic<br>Income<br>Subaccount** | **Franklin<br>Global Bond<br>Subaccount** |
|  Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends | $516892 | $2022160 | $114925 | $240991 | $513611 | $– |
|  Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk | (163035) | (492955) | (78123) | (368755) | (130854) | (43660) |
|  Net investment income (loss) | 353857 | 1529205 | 36802 | (127764) | 382757 | (43660) |
|  Realized gain (loss) on sales of fund shares | (754) | (327876) | 130113 | 378475 | (288169) | (249654) |
|  Capital gain distributions |  | 425051 | 637038 | 2887172 | 115 |  |
|  Change in unrealized appreciation (depreciation) of investments |  | 2596473 | 435180 | (204668) | 507238 | 772678 |
|  Net increase (decrease) in net assets from operations | $353103 | $4222853 | $1239133 | $2933215 | $601941 | $479364 |

---

*See accompanying notes.*

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WoodmenLife Variable Annuity Account

Statements of Operations (continued)

Year Ended December 31, 2025

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| | | |
|:---|:---|:---|
|  | **PIMCO Low<br>Duration<br> Subaccount** | **PIMCO Real<br>Return <br>Subaccount** |
|  Income: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends | $90583 | $470717 |
|  Expenses: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk | (28702) | (176835) |
|  Net investment income (loss) | 61881 | 293882 |
|  Realized gain (loss) on sales of fund shares | (17560) | (350252) |
|  Capital gain distributions |  |  |
|  Change in unrealized appreciation (depreciation) of investments | 50726 | 950831 |
|  Net increase (decrease) in net assets from operations | $95047 | $894461 |

---

*See accompanying notes.* 

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WoodmenLife Variable Annuity Account

Statements of Changes in Net Assets

Years Ended December 31, 2025 and 2024

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **American Asset Allocation<br>Subaccount** | **American Asset Allocation<br>Subaccount** | **American Growth**<br> **Subaccount** | **American Growth**<br> **Subaccount** | **American Capital World<br>Growth & Income**<br> **Subaccount** | **American Capital World<br>Growth & Income**<br> **Subaccount** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $**533502** | $538317 | $**(811310)** | $(540944) | $**6572** | $21102 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | **5369980** | 3050772 | **8151222** | 3729043 | **316506** | 65688 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) of investments | **2922062** | 4525714 | **5634117** | 12025335 | **887760** | 508605 |
|  Net increase (decrease) in net assets from operations | **8825544** | 8114803 | **12974029** | 15213434 | **1210838** | 595395 |
|  Certificate transactions: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate deposits | **1064010** | 477792 | **2572465** | 940742 | **126009** | 49699 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate surrenders and death benefits | **(6708249)** | (6881061) | **(9111660)** | (8677335) | **(858199)** | (1061403) |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, including fixed interest account | **5900065** | 4247916 | **10290728** | 7560839 | **141339** | 782045 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative charges | **(5233)** | (5646) | **(7767)** | (7456) | **(747)** | (792) |
|  Net increase (decrease) in net assets from certificate transactions | **250593** | (2160999) | **3743766** | (183210) | **(591598)** | (230451) |
|  Total increase (decrease) in net assets | **9076137** | 5953804 | **16717795** | 15030224 | **619240** | 364944 |
|  Net assets at beginning of year | **61847973** | 55894169 | **66505637** | 51475413 | **5296580** | 4931636 |
|  Net assets at end of year | $**70924110** | $61847973 | $**83223432** | $66505637 | $**5915820** | $5296580 |

---

*See accompanying notes.* 

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WoodmenLife Variable Annuity Account

Statements of Changes in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **American Growth & Income<br>Subaccount** | **American Growth & Income<br>Subaccount** | **American Global Growth<br>Subaccount** | **American Global Growth<br>Subaccount** | **American International<br>Growth & Income<br>Subaccount** | **American International<br>Growth & Income<br>Subaccount** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $**(144864)** | $(47857) | $**21993** | $31542 | $**31073** | $23878 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | **9340179** | 2750306 | **1738468** | 683388 | **(74637)** | (269404) |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) of investments | **(1827707)** | 5155721 | **527051** | 526757 | **670208** | 281907 |
|  Net increase (decrease) in net assets from operations | **7367608** | 7858170 | **2287512** | 1241687 | **626644** | 36381 |
|  Certificate transactions: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate deposits | **838089** | 327331 | **350753** | 289150 | **47984** | 27627 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate surrenders and death benefits | **(6292624)** | (4584426) | **(1498824)** | (1746635) | **(121678)** | (349449) |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, including fixed interest account | **6185286** | 4759306 | **1354526** | 1086276 | **150595** | 314835 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative charges | **(3642)** | (3734) | **(1683)** | (1826) | **(373)** | (427) |
|  Net increase (decrease) in net assets from certificate transactions | **727109** | 498477 | **204772** | (373035) | **76528** | (7414) |
|  Total increase (decrease) in net assets | **8094717** | 8356647 | **2492284** | 868652 | **703172** | 28967 |
|  Net assets at beginning of year | **43286324** | 34929677 | **11152191** | 10283539 | **1844715** | 1815748 |
|  Net assets at end of year | $**51381041** | $43286324 | $**13644475** | $11152191 | $**2547887** | $1844715 |

---

*See accompanying notes.* 

------

WoodmenLife Variable Annuity Account

Statements of Changes in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **American Global Small<br>Cap Subaccount** | **American Global Small<br>Cap Subaccount** | **Calvert NASDAQ 100<br>Subaccount** | **Calvert NASDAQ 100<br>Subaccount** | **Calvert EAFE<br>International Subaccount** | **Calvert EAFE<br>International Subaccount** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  Increase (decrease) in net assets from operations: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $**(11271)** | $(2565) | $**(575785)** | $(481399) | $**24821** | $24526 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | **(132056)** | (174321) | **5017614** | 8880333 | **89496** | 59129 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) of investments | **291420** | 188710 | **6002449** | 2548963 | **377904** | (36409) |
|  Net increase (decrease) in net assets from operations | **148093** | 11824 | **10444278** | 10947897 | **492221** | 47246 |
|  Certificate transactions: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate deposits | **35310** | 28114 | **1142489** | 822775 | **24618** | 13106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate surrenders and death benefits | **(277537)** | (220475) | **(8208521)** | (9242082) | **(277083)** | (420235) |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, including fixed interest account | **124411** | 136661 | **5903645** | 5737869 | **171307** | 101412 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative charges | **(287)** | (302) | **(7393)** | (8003) | **(538)** | (633) |
|  Net increase (decrease) in net assets from certificate transactions | **(118103)** | (56002) | **(1169780)** | (2689441) | **(81696)** | (306350) |
|  Total increase (decrease) in net assets | **29990** | (44178) | **9274498** | 8258456 | **410525** | (259104) |
|  Net assets at beginning of year | **1270029** | 1314207 | **56247049** | 47988593 | **1759590** | 2018694 |
|  Net assets at end of year | $**1300019** | $1270029 | $**65521547** | $56247049 | $**2170115** | $1759590 |

---

*See accompanying notes.* 

------

WoodmenLife Variable Annuity Account

Statements of Changes in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Calvert Investment Grade<br>Bond Subaccount** | **Calvert Investment Grade<br>Bond Subaccount** | **Calvert S&P 500<br>Subaccount** | **Calvert S&P 500<br>Subaccount** | **Calvert S&P Mid Cap 400<br>Subaccount** | **Calvert S&P Mid Cap 400<br>Subaccount** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  Increase (decrease) in net assets from operations: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $**174950** | $147503 | $**(42981)** | $1877 | $**(21948)** | $(6865) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | **(326217)** | (289629) | **5600122** | 3130172 | **1292311** | 896580 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) of investments | **650641** | 115909 | **1232929** | 4639149 | **(449216)** | 723163 |
|  Net increase (decrease) in net assets from operations | **499374** | (26217) | **6790070** | 7771198 | **821147** | 1612878 |
|  Certificate transactions: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate deposits | **83682** | 135385 | **663601** | 319081 | **245242** | 175423 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate surrenders and death benefits | **(1227372)** | (1017226) | **(4789183)** | (4049996) | **(2474097)** | (2610245) |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, including fixed interest account | **818452** | 340505 | **5606025** | 4393463 | **1278984** | 1762682 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative charges | **(1378)** | (1630) | **(5268)** | (5491) | **(3365)** | (3949) |
|  Net increase (decrease) in net assets from certificate transactions | **(326616)** | (542966) | **1475175** | 657057 | **(953236)** | (676089) |
|  Total increase (decrease) in net assets | **172758** | (569183) | **8265245** | 8428255 | **(132089)** | 936789 |
|  Net assets at beginning of year | **9581068** | 10150251 | **42083638** | 33655383 | **14604019** | 13667230 |
|  Net assets at end of year | $**9753826** | $&nbsp;&nbsp;&nbsp;&nbsp;9581068 | $**50348883** | $42083638 | $**14471930** | $14604019 |

---

*See accompanying notes.* 

------

WoodmenLife Variable Annuity Account

Statements of Changes in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Calvert Russell 2000<br>Small Cap Subaccount** | **Calvert Russell 2000<br>Small Cap Subaccount** | **Fidelity Contrafund<br>Subaccount** | **Fidelity Contrafund<br>Subaccount** | **Fidelity Equity Income<br>Subaccount** | **Fidelity Equity Income<br>Subaccount** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  Increase (decrease) in net assets from operations: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $**19857** | $(1544) | $**(812465)** | $(697394) | $**64265** | $48326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | **626766** | 159858 | **14786912** | 10609832 | **1121039** | 1025523 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) of investments | **139420** | 548028 | **(1399750)** | 5920061 | **818206** | 395024 |
|  Net increase (decrease) in net assets from operations | **786043** | 706342 | **12574697** | 15832499 | **2003510** | 1468873 |
|  Certificate transactions: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate deposits | **139872** | 104367 | **853875** | 677947 | **118477** | 54710 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate surrenders and death benefits | **(1250044)** | (866092) | **(10209117)** | (10717764) | **(1475460)** | (1893497) |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, including fixed interest account | **275334** | 492813 | **6808061** | 8160142 | **1206361** | 1063266 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative charges | **(1638)** | (1927) | **(12368)** | (13499) | **(2292)** | (2523) |
|  Net increase (decrease) in net assets from certificate transactions | **(836476)** | (270839) | **(2559549)** | (1893174) | **(152914)** | (778044) |
|  Total increase (decrease) in net assets | **(50433)** | 435503 | **10015148** | 13939325 | **1850596** | 690829 |
|  Net assets at beginning of year | **7838108** | 7402605 | **64480457** | 50541132 | **11654723** | 10963894 |
|  Net assets at end of year | $**7787675** | $7838108 | $**74495605** | $64480457 | $**13505319** | $11654723 |

---

*See accompanying notes.* 

------

WoodmenLife Variable Annuity Account

Statements of Changes in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Fidelity Growth Subaccount** | **Fidelity Growth Subaccount** | **Fidelity Growth & Income<br>Subaccount** | **Fidelity Growth & Income<br>Subaccount** | **Fidelity Overseas<br>Subaccount** | **Fidelity Overseas<br>Subaccount** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  Increase (decrease) in net assets from operations: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $**(352002)** | $(386340) | $**45961** | $27274 | $**12200** | $12930 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | **5761469** | 8965103 | **3529330** | 2501568 | **632023** | 412698 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) of investments | **(1078462)** | (1177544) | **408194** | 1067044 | **75436** | (274651) |
|  Net increase (decrease) in net assets from operations | **4331005** | 7401219 | **3983485** | 3595886 | **719659** | 150977 |
|  Certificate transactions: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate deposits | **683882** | 504488 | **535833** | 231767 | **67090** | 49569 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate surrenders and death benefits | **(5107468)** | (6164296) | **(3809516)** | (2851483) | **(621400)** | (762247) |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, including fixed<br>interest account | **4072573** | 4633789 | **1673868** | 1708601 | **331323** | 464822 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative charges | **(5336)** | (5937) | **(3610)** | (4195) | **(1538)** | (1908) |
|  Net increase (decrease) in net assets from certificate transactions | **(356349)** | (1031956) | **(1603425)** | (915310) | **(224525)** | (249764) |
|  Total increase (decrease) in net assets | **3974656** | 6369263 | **2380060** | 2680576 | **495134** | (98787) |
|  Net assets at beginning of year | **32723987** | 26354724 | **20648007** | 17967431 | **3900895** | 3999682 |
|  Net assets at end of year | $**36698643** | $32723987 | $**23028067** | $20648007 | $**4396029** | $3900895 |

---

*See accompanying notes.* 

------

WoodmenLife Variable Annuity Account

Statements of Changes in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Fidelity Money Market<br>Subaccount** | **Fidelity Money Market<br>Subaccount** | **Franklin Income<br>Subaccount** | **Franklin Income<br>Subaccount** | **Franklin Mutual Global<br>Discovery Subaccount** | **Franklin Mutual Global<br>Discovery Subaccount** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  Increase (decrease) in net assets from operations: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $**353857** | $416750 | $**1529205** | $1484114 | $**36802** | $28485 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | **(754)** | (378) | **97175** | (306232) | **767151** | 445667 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) of investments | **–** |  | **2596473** | 960732 | **435180** | (224062) |
|  Net increase (decrease) in net assets from operations | **353103** | 416372 | **4222853** | 2138614 | **1239133** | 250090 |
|  Certificate transactions: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate deposits | **66021611** | 65678224 | **673849** | 417433 | **49152** | 77975 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate surrenders and death benefits | **(1740801)** | (734984) | **(5555741)** | (4103456) | **(1116370)** | (1258964) |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, including fixed interest account | **(64580321)** | (59617129) | **2978372** | 2709833 | **195722** | 5095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative charges | **(939)** | (868) | **(5144)** | (5720) | **(1200)** | (1311) |
|  Net increase (decrease) in net assets from certificate transactions | **(300450)** | 5325243 | **(1908664)** | (981910) | **(872696)** | (1177205) |
|  Total increase (decrease) in net assets | **52653** | 5741615 | **2314189** | 1156704 | **366437** | (927115) |
|  Net assets at beginning of year | **12559748** | 6818133 | **38308777** | 37152073 | **6094923** | 7022038 |
|  Net assets at end of year | $**12612401** | $12559748 | $**40622966** | $38308777 | $**6461360** | $6094923 |

---

*See accompanying notes.* 

------

WoodmenLife Variable Annuity Account

Statements of Changes in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Franklin Rising Dividends<br>Subaccount** | **Franklin Rising Dividends<br>Subaccount** | **Franklin Strategic Income<br>Subaccount** | **Franklin Strategic Income<br>Subaccount** | **Franklin Global Bond<br>Subaccount** | **Franklin Global Bond<br>Subaccount** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  Increase (decrease) in net assets from operations: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $**(127764)** | $(72526) | $**382757** | $358317 | $**(43660)** | $(52367) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | **3265647** | 1648786 | **(288054)** | (335188) | **(249654)** | (499114) |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) of investments | **(204668)** | 978123 | **507238** | 273842 | **772678** | 7408 |
|  Net increase (decrease) in net assets from operations | **2933215** | 2554383 | **601941** | 296971 | **479364** | (544073) |
|  Certificate transactions: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate deposits | **401350** | 312570 | **141547** | 66219 | **44262** | 49878 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate surrenders and death benefits | **(4156314)** | (3854615) | **(1654721)** | (1466332) | **(790598)** | (748690) |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, including fixed interest account | **2524359** | 2081786 | **261063** | 968633 | **278490** | (415407) |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative charges | **(3747)** | (4326) | **(1578)** | (1811) | **(730)** | (1280) |
|  Net increase (decrease) in net assets from certificate transactions | **(1234352)** | (1464585) | **(1253689)** | (433291) | **(468576)** | (1115499) |
|  Total increase (decrease) in net assets | **1698863** | 1089798 | **(651748)** | (136320) | **10788** | (1659572) |
|  Net assets at beginning of year | **28889254** | 27799456 | **10906584** | 11042904 | **3388214** | 5047786 |
|  Net assets at end of year | $**30588117** | $28889254 | $**10254836** | $10906584 | $**3399002** | $3388214 |

---

*See accompanying notes.* 

------

WoodmenLife Variable Annuity Account

Statements of Changes in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **PIMCO Low Duration<br>Subaccount** | **PIMCO Low Duration<br>Subaccount** | **PIMCO Real Return<br>Subaccount** | **PIMCO Real Return<br>Subaccount** |
|  | **2025** | **2024** | **2025** | **2024** |
|  Increase (decrease) in net assets from operations: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $**61881** | $69175 | $**293882** | $199494 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | **(17560)** | (71985) | **(350252)** | (328944) |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) of investments | **50726** | 80120 | **950831** | 252913 |
|  Net increase (decrease) in net assets from operations | **95047** | 77310 | **894461** | 123463 |
|  Certificate transactions: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate deposits | **20993** | 20506 | **531577** | 158155 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate surrenders and death benefits | **(182183)** | (521457) | **(1924183)** | (2433046) |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, including fixed interest account | **186152** | 1334 | **237021** | 1193659 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative charges | **(491)** | (569) | **(2988)** | (3585) |
|  Net increase (decrease) in net assets from certificate transactions | **24471** | (500186) | **(1158573)** | (1084817) |
|  Total increase (decrease) in net assets | **119518** | (422876) | **(264112)** | (961354) |
|  Net assets at beginning of year | **2322545** | 2745421 | **14130788** | 15092142 |
|  Net assets at end of year | $**2442063** | $2322545 | $**13866676** | $14130788 |

---

*See accompanying notes.* 

------

WoodmenLife Variable Annuity Account

Notes to Financial Statements

1. Organization and Significant Accounting Policies

#### Organization
WoodmenLife Variable Annuity Account (the Account), a unit investment trust registered under the Investment Company Act of 1940, as amended, was established by Woodmen of the World Life Insurance Society (the Company) and exists in accordance with the rules and regulations of the Nebraska Department of Insurance. The Account is a funding vehicle for individual flexible premium deferred variable annuity certificates issued by the Company.

At the direction of eligible certificate owners, the Account invests in 26 investment subaccounts which, in turn, own shares of the following open-end registered investment companies (the Funds):

---

| | |
|:---|:---|
| **Subaccount** | **Invests Exclusively in Shares of** |
|  | American Variable Products: |
| American Asset Allocation | &nbsp;&nbsp;&nbsp;&nbsp; Asset Allocation Fund, Class 2 |
| American Growth | &nbsp;&nbsp;&nbsp;&nbsp; Growth Fund, Class 2 |
| American Capital World Growth & Income | &nbsp;&nbsp;&nbsp;&nbsp; Capital World Growth & Income Fund, Class 2 |
| American Growth & Income | &nbsp;&nbsp;&nbsp;&nbsp; Growth-Income Fund, Class 2 |
| American Global Growth | &nbsp;&nbsp;&nbsp;&nbsp; Global Growth Fund, Class 2 |
| American International Growth & Income | &nbsp;&nbsp;&nbsp;&nbsp; International Growth & Income Fund, Class 2 |
| American Global Small Cap | &nbsp;&nbsp;&nbsp;&nbsp; Global Small Capitalization Fund, Class 2 |
|  | Calvert Variable Products: |
| Calvert NASDAQ 100 | &nbsp;&nbsp;&nbsp;&nbsp; NASDAQ-100 Index Portfolio, Class 1 |
| Calvert EAFE International | &nbsp;&nbsp;&nbsp;&nbsp; EAFE International Index Portfolio, Class 1 |
| Calvert Investment Grade Bond | &nbsp;&nbsp;&nbsp;&nbsp; Investment Grade Bond Index Portfolio, Class 1 |
| Calvert S&P 500 | &nbsp;&nbsp;&nbsp;&nbsp; S&P 500 Index Portfolio |
| Calvert S&P Mid Cap 400 | &nbsp;&nbsp;&nbsp;&nbsp; S&P MidCap 400 Index Portfolio, Class 1 |
| Calvert Russell 2000 Small Cap | &nbsp;&nbsp;&nbsp;&nbsp; Russell 2000 Small Cap Index Portfolio, Class 1 |
|  | Fidelity Variable Insurance Products Funds: |
| Fidelity Contrafund | &nbsp;&nbsp;&nbsp;&nbsp; VIP Contrafund-Portfolio<sup>®</sup><sup>,</sup> Service Class |
| Fidelity Equity Income | &nbsp;&nbsp;&nbsp;&nbsp; VIP Equity-Income Portfolio<sup>®</sup>, Service Class |
| Fidelity Growth | &nbsp;&nbsp;&nbsp;&nbsp; VIP Growth Portfolio, Service Class |
| Fidelity Growth & Income | &nbsp;&nbsp;&nbsp;&nbsp; VIP Growth & Income Portfolio, Service Class |
| Fidelity Overseas | &nbsp;&nbsp;&nbsp;&nbsp; VIP Overseas Portfolio, Service Class |
| Fidelity Money Market | &nbsp;&nbsp;&nbsp;&nbsp; VIP Government Money Market Portfolio, Service Class |

---

------

WoodmenLife Variable Annuity Account

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| | |
|:---|:---|
| **Subaccount** | **Invests Exclusively in Shares of** |
|  | Franklin Templeton Variable Products: |
| Franklin Income | &nbsp;&nbsp;&nbsp;&nbsp; Franklin Income VIP Fund, Class 2 |
| Franklin Mutual Global Discovery | &nbsp;&nbsp;&nbsp;&nbsp; Franklin Mutual Global Discovery VIP Fund, Class 2 |
| Franklin Rising Dividends | &nbsp;&nbsp;&nbsp;&nbsp; Franklin Rising Dividends VIP Fund, Class 2 |
| Franklin Strategic Income | &nbsp;&nbsp;&nbsp;&nbsp; Franklin Strategic Income VIP Fund, Class 2 |
| Franklin Global Bond | &nbsp;&nbsp;&nbsp;&nbsp; Templeton Global Bond VIP Fund, Class 2 |
|  | PIMCO Variable Insurance Trust: |
| PIMCO Low Duration | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Low Duration Portfolio Administrative Class |
| PIMCO Real Return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Return Portfolio Administrative Class |

---

Under applicable insurance law, the assets and liabilities of the Account are clearly identified and distinguished from the Company's other assets and liabilities. The portion of the Account's assets applicable to the variable annuity certificates is not chargeable with liabilities arising out of any other business the Company may conduct. All amounts reported are for the entire year ended December 31, 2025.

#### Investments
Investments in shares of the Funds are stated at fair value, which is the closing net asset value per share as determined by the Funds. The first-in, first-out cost basis has been used in determining the net realized gain or loss from investment transactions and unrealized appreciation or depreciation on investments. Investment transactions are accounted for on the trade date.

Dividends and realized capital gain distributions are taken into income on an accrual basis as of the ex-dividend date and are automatically reinvested in shares of the Funds on the payable date.

------

WoodmenLife Variable Annuity Account

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

#### Certificates in Annuitization Period
Net assets allocated to certificates in the annuitization period are computed according to the Annuity 2000 Mortality Table, with an assumed investment return of 3%. The mortality risk is fully borne by the Company and may result in additional amounts being transferred into the Account by the Company to cover greater longevity of annuitants than expected.

Conversely, if amounts allocated exceed amounts required, transfers may be made to the Company. At December 31, 2025, there were no net assets allocated to certificates in the annuitization period.

#### Use of Estimates in the Preparation of Financial Statements
The preparation of the Account's financial statements and accompanying notes in accordance with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and accompanying notes. These estimates and assumptions could change in the future as more information becomes known, which could impact the amounts reported and disclosed herein.

2. Expense Charges

The Account pays the Company certain amounts relating to the distribution and administration of the certificates funded by the Account and as reimbursements for certain mortality and other risks assumed by the Company. The following summarizes those amounts:

*Mortality and expense risk charges*: The Company deducts a daily mortality and expense risk charge from the Account at an effective annual rate of 1.25% of the average daily net asset value of the Account. These charges are assessed in return for the Company's assumption of risks associated with adverse mortality experience or excess administrative expenses in connection with certificates issued, and results in a reduction in the unit value of the fund.

------

WoodmenLife Variable Annuity Account

Notes to Financial Statements (continued)

2. Expense Charges (continued)

*Administrative charge*: Prior to the annuity payment period, the Company deducts an annual administrative charge, which is currently $30 ($45 maximum charge) to reimburse it for administrative expenses related to the certificate. The administrative charge applies to certificates with net assets less than $50,000 in the variable subaccounts as of the assessment day, and results in a reduction in the member's unit holdings.

*Surrender charge*: Surrender charges are assessed on an individual deposit basis. Each deposit has its own surrender schedule. A surrender charge is imposed in the event of a full or partial surrender during the first seven certificate years. A certificate owner may annually surrender a maximum of 10% of the cash value without incurring a surrender charge. Depending on the annuitant's issue age, the amount charged ranges from 5% to 7% of the amount surrendered during the first certificate year and declines by 1% in each of the next four to six certificate years, and results in a reduction in the member's unit holdings. The charge is not reflected as a separate fee in the financial statements, but as a reduction in the surrender amount.

*Transfer charge*: A transfer charge of $25 may be imposed for the thirteenth and each subsequent transfer between subaccounts in any one certificate year, and results in a reduction in the member's unit holdings. The Company has not historically charged customers a transfer fee.

3. Federal Income Taxes

The Company is a tax-exempt fraternal benefit society under the provisions of the Internal Revenue Code (the IRC). Under the current provisions of the IRC, the Company does not expect to incur federal income taxes on the earnings of the Account to the extent the earnings are credited under the certificates. Based on this, no charge is being made currently to the Account for federal income taxes. The Company will review periodically the status of this policy. In the event of changes in the tax law, a charge may be made in future years for any federal income taxes that would be attributable to the certificates.

------

WoodmenLife Variable Annuity Account

Notes to Financial Statements (continued)

4. Purchases and Sales of Investment Securities

The aggregate cost of investment securities purchased and proceeds from investment securities sold by subaccount were as follows for the year ended December 31, 2025:

---

| | | |
|:---|:---|:---|
|  | **Cost of** | **Proceeds** |
| **Subaccount** | **Purchases** | **From Sales** |
|  American Asset Allocation | $6394935 | $6957721 |
|  American Growth | 10369710 | 7549684 |
|  American Capital World Growth & Income | 736090 | 1398677 |
|  American Growth & Income | 5563629 | 5423480 |
|  American Global Growth | 1691424 | 1640377 |
|  American International Growth & Income | 225187 | 176102 |
|  American Global Small Cap | 203536 | 337257 |
|  Calvert NASDAQ 100 | 4860572 | 6771731 |
|  Calvert EAFE International | 229687 | 335735 |
|  Calvert Investment Grade Bond | 1518891 | 1961082 |
|  Calvert S&P 500 | 4955944 | 4041152 |
|  Calvert S&P Mid Cap 400 | 1342655 | 2472372 |
|  Calvert Russell 2000 Small Cap | 600370 | 1530110 |
|  Fidelity Contrafund | 4967544 | 8374883 |
|  Fidelity Equity Income | 1264223 | 1571211 |
|  Fidelity Growth | 3830625 | 4610309 |
|  Fidelity Growth & Income | 2028016 | 3903122 |
|  Fidelity Overseas | 411434 | 689726 |
|  Fidelity Money Market | 44219635 | 44683120 |
|  Franklin Income | 3612453 | 6014073 |
|  Franklin Mutual Global Discovery | 325395 | 1276213 |
|  Franklin Rising Dividends | 2718680 | 4321787 |
|  Franklin Strategic Income | 973112 | 2357655 |
|  Franklin Global Bond | 480428 | 992663 |
|  PIMCO Low Duration | 255727 | 259958 |
|  PIMCO Real Return | 943858 | 2279266 |

---

------

WoodmenLife Variable Annuity Account

Notes to Financial Statements (continued)

5. Summary of Changes from Unit Transactions

Transactions in units of each subaccount were as follows for the years ended December 31, 2025 and 2024:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025 | 2025 | 2024 | 2024 |
| **Subaccount** | **Purchased** | **Redeemed** | **Purchased** | **Redeemed** |
|  American Asset Allocation | 454696 | 447500 | 360998 | 484365 |
|  American Growth | 348253 | 260692 | 269421 | 279273 |
|  American Capital World Growth & Income | 37422 | 62456 | 47050 | 59921 |
|  American Growth & Income | 279637 | 251684 | 238972 | 223355 |
|  American Global Growth | 77929 | 69464 | 68405 | 84440 |
|  American International Growth & Income | 20269 | 15628 | 29711 | 30536 |
|  American Global Small Cap | 16377 | 24224 | 12300 | 16040 |
|  Calvert NASDAQ 100 | 55516 | 63521 | 62777 | 84444 |
|  Calvert EAFE International | 8652 | 11869 | 5376 | 17162 |
|  Calvert Investment Grade Bond | 117951 | 142829 | 81091 | 120778 |
|  Calvert S&P 500 | 106315 | 86315 | 95153 | 85006 |
|  Calvert S&P Mid Cap 400 | 30840 | 45788 | 42566 | 54136 |
|  Calvert Russell 2000 Small Cap | 18568 | 36701 | 19493 | 25930 |
|  Fidelity Contrafund | 98888 | 126332 | 132651 | 158714 |
|  Fidelity Equity Income | 34173 | 37742 | 37115 | 56031 |
|  Fidelity Growth | 62116 | 66041 | 68571 | 81836 |
|  Fidelity Growth & Income | 52009 | 79164 | 62859 | 82156 |
|  Fidelity Overseas | 14994 | 21163 | 17529 | 25069 |
|  Fidelity Money Market | 67629322 | 67895914 | 68257598 | 63095479 |
|  Franklin Income | 341438 | 457264 | 311029 | 378152 |
|  Franklin Mutual Global Discovery | 26264 | 74762 | 23827 | 95151 |
|  Franklin Rising Dividends | 152036 | 198432 | 143413 | 202996 |
|  Franklin Strategic Income | 119198 | 232530 | 156319 | 196764 |
|  Franklin Global Bond | 70626 | 127949 | 36714 | 179198 |
|  PIMCO Low Duration | 20582 | 18966 | 29711 | 69351 |
|  PIMCO Real Return | 82911 | 152372 | 125371 | 193530 |

---

------

WoodmenLife Variable Annuity Account

Notes to Financial Statements (continued)

6. Financial Highlights

The following summarizes units outstanding, unit values, and net assets at the end of each year in the five-year period ended December 31, 2025, and investment income ratios, ratios of expenses to average net assets, and total return ratios for the years ended December 31, 2025, 2024, 2023, 2022 and 2021, as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | | |  | **Ratio of** | |
|  | | | | **Investment** | **Expenses** | |
|  | | | | **Income** | **to Average** | **Total** |
|  | | **Unit** | | **Ratio** | **Net Assets** | **Return** |
| **Subaccount** | **Units** | **Value** | **Net Assets** | **(1) (2)** | **(3)** | **(4)** |
|  American Asset Allocation | American Asset Allocation | American Asset Allocation | American Asset Allocation | American Asset Allocation |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **3158601** | $**22.45** | $**70924110** | **2.07%** | **1.25%** | **14.41%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 3151405 | $19.63 | $61847973 | 2.17% | 1.25% | 14.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 3274772 | $17.07 | $55894169 | 2.28% | 1.25% | 12.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 3242783 | $15.12 | $49044097 | 2.00% | 1.25% | -14.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 2732885 | $17.68 | $48329686 | 1.79% | 1.25% | 13.67% |
|  American Growth | American Growth |  |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **1712125** | $**48.61** | $**83223432** | **0.15%** | **1.25%** | **18.74%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 1624563 | $40.94 | $66505637 | 0.34% | 1.25% | 29.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 1634414 | $31.49 | $51475413 | 0.37% | 1.25% | 36.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 1675745 | $23.03 | $38588783 | 0.32% | 1.25% | -30.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 1624781 | $33.28 | $54073361 | 0.23% | 1.25% | 20.47% |
|  American Capital World Growth & Income | American Capital World Growth & Income | American Capital World Growth & Income | American Capital World Growth & Income | American Capital World Growth & Income |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **241788** | $**24.47** | **$5915820** | **1.37%** | **1.25%** | **23.26%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 266823 | $19.85 | $5296580 | 1.66% | 1.25% | 12.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 279694 | $17.63 | $4931636 | 1.85% | 1.25% | 19.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 302651 | $14.77 | $4470021 | 2.33% | 1.25% | -18.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 297440 | $18.09 | $5380991 | 1.59% | 1.25% | 13.35% |

---

------

WoodmenLife Variable Annuity Account

Notes to Financial Statements (continued)

6. Financial Highlights (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit<br>Value** | **Net Assets** | **Investment<br>Income<br>Ratio**<br> (1) (2) | **Ratio of<br>Expenses<br>to Average<br>Net Assets<br>(3)** | **Total** <br> **Return <br>(4)**  |
|  American Growth & Income | American Growth & Income | American Growth & Income | American Growth & Income | American Growth & Income |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **1578895** | $**32.54** | $**51381041** | **0.94%** | **1.25%** | **16.60%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 1550942 | $27.91 | $43286324 | 1.13% | 1.25% | 22.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 1535326 | $22.75 | $34929677 | 1.39% | 1.25% | 24.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 1597907 | $18.26 | $29181749 | 1.33% | 1.25% | -17.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 1481109 | $22.14 | $32797784 | 1.20% | 1.25% | 22.55% |
|  American Global Growth | American Global Growth | American Global Growth | American Global Growth | American Global Growth |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **464172** | $**29.40** | $**13644475** | **1.43%** | **1.25%** | **20.12%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 455707 | $24.47 | $11152191 | 1.54% | 1.25% | 12.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 471742 | $21.80 | $10283539 | 0.91% | 1.25% | 21.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 493465 | $18.00 | $8883891 | 0.68% | 1.25% | -25.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 488452 | $24.22 | $11830971 | 0.34% | 1.25% | 14.97% |
|  American International Growth & Income | American International Growth & Income | American International Growth & Income | American International Growth & Income | American International Growth & Income |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **145942** | $**17.46** | **$2547887** | **2.66%** | **1.25%** | **33.73%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 141302 | $13.06 | $1844715 | 2.52% | 1.25% | 2.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 142127 | $12.78 | $1815748 | 2.46% | 1.25% | 14.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 156858 | $11.17 | $1752787 | 3.10% | 1.25% | -16.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 144783 | $13.35 | $1932930 | 2.94% | 1.25% | 4.06% |
|  American Global Small Cap | American Global Small Cap | American Global Small Cap | American Global Small Cap | American Global Small Cap |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **74015** | $**17.56** | **$1300019** | **0.35%** | **1.25%** | **13.21%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 81862 | $15.51 | $1270029 | 1.06% | 1.25% | 1.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 85605 | $15.35 | $1314207 | 0.25% | 1.25% | 14.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 110228 | $13.38 | $1474967 | 0.00% | 1.25% | -30.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 112048 | $19.23 | $2155088 | 0.00% | 1.25% | 5.41% |

---

------

WoodmenLife Variable Annuity Account

Notes to Financial Statements (continued)

6. Financial Highlights (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br> **Value** | **Net Assets** | **Investment<br>Income<br>Ratio**<br> (1) (2) | **Ratio of<br>Expenses<br>to Average<br>Net Assets<br>(3)** | **Total <br>Return** <br> (4)  |
|  Calvert NASDAQ 100 | Calvert NASDAQ 100 | Calvert NASDAQ 100 |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **386814** | **$169.39** | **$65521547** | **0.28%** | **1.25%** | **18.90%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 394819 | $142.46 | $56247049 | 0.34% | 1.25% | 23.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 416486 | $115.22 | $47988593 | 0.33% | 1.25% | 52.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 432678 | $75.56 | $32693489 | 0.18% | 1.25% | -33.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 444044 | $113.59 | $50439585 | 0.29% | 1.25% | 25.30% |
|  Calvert EAFE International | Calvert EAFE International | Calvert EAFE International |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **66711** | **$32.53** | **$2170115** | **2.52%** | **1.25%** | **29.28%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 69927 | $25.16 | $1759590 | 2.50% | 1.25% | 1.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 81713 | $24.70 | $2018694 | 2.94% | 1.25% | 16.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 89097 | $21.24 | $1892385 | 3.58% | 1.25% | -15.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 90652 | $25.18 | $2282431 | 1.67% | 1.25% | 9.50% |
|  Calvert Investment Grade Bond | Calvert Investment Grade Bond | Calvert Investment Grade Bond |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **671627** | **$14.52** | **$9753826** | **3.14%** | **1.25%** | **5.57%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 696504 | $13.76 | $9581068 | 2.78% | 1.25% | -0.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 736192 | $13.79 | $10150251 | 2.69% | 1.25% | 4.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 701196 | $13.24 | $9281281 | 2.59% | 1.25% | -13.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 790359 | $15.32 | $2109768 | 2.63% | 1.25% | -3.04% |
|  Calvert S&P 500 | Calvert S&P 500 | Calvert S&P 500 |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **665657** | **$75.64** | **$50348883** | **1.15%** | **1.25%** | **16.05%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 645658 | $65.18 | $42083638 | 1.26% | 1.25% | 23.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 635510 | $52.96 | $33655383 | 1.40% | 1.25% | 24.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 630112 | $42.58 | $26832575 | 1.25% | 1.25% | -19.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 603970 | $52.80 | $31891251 | 1.42% | 1.25% | 26.82% |

---

------

WoodmenLife Variable Annuity Account

Notes to Financial Statements (continued)

6. Financial Highlights (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br> **Value** | **Net Assets** | **Investment<br>Income<br>Ratio**<br> (1) (2) | **Ratio of<br>Expenses<br>to Average<br>Net Assets<br>(3)** | **Total <br>Return** <br> (4)  |
|  Calvert S&P MidCap 400 | Calvert S&P MidCap 400 | Calvert S&P MidCap 400 |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **220739** | **$65.56** | **$14471930** | **1.09%** | **1.25%** | **5.81%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 235686 | $61.96 | $14604019 | 1.21% | 1.25% | 12.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 247256 | $55.28 | $13667230 | 1.22% | 1.25% | 14.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 272744 | $48.20 | $13146046 | 0.93% | 1.25% | -14.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 288494 | $56.31 | $16246157 | 0.85% | 1.25% | 22.87% |
|  Calvert Russell 2000 Small Cap | Calvert Russell 2000 Small Cap | Calvert Russell 2000 Small Cap |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **153979** | **$50.58** | **$7787675** | **1.52%** | **1.25%** | **11.06%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 172111 | $45.54 | $7838108 | 1.24% | 1.25% | 9.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 178549 | $41.46 | $7402605 | 0.89% | 1.25% | 15.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 187955 | $36.00 | $6766993 | 0.81% | 1.25% | -21.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 203398 | $45.87 | $9328990 | 0.79% | 1.25% | 13.10% |
|  Fidelity Contrafund | Fidelity Contrafund | Fidelity Contrafund |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **730872** | **$101.93** | **$74495605** | **0.05%** | **1.25%** | **19.87%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 758316 | $85.03 | $64480457 | 0.09% | 1.25% | 31.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 784378 | $64.43 | $50541132 | 0.40% | 1.25% | 31.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 823336 | $48.93 | $40285380 | 0.40% | 1.25% | -27.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 860793 | $67.30 | $57931110 | 0.05% | 1.25% | 26.12% |
|  Fidelity Equity Income | Fidelity Equity Income | Fidelity Equity Income |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **264361** | **$51.09** | **$13505319** | **1.77%** | **1.25%** | **17.44%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 267929 | $43.50 | $11654723 | 1.68% | 1.25% | 13.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 286845 | $38.22 | $10963894 | 1.83% | 1.25% | 9.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 304375 | $35.01 | $10657190 | 1.86% | 1.25% | -6.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 289204 | $37.35 | $10802768 | 1.82% | 1.25% | 23.28% |

---

------

WoodmenLife Variable Annuity Account

Notes to Financial Statements (continued)

6. Financial Highlights (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br> **Value** | **Net Assets** | **Investment<br>Income<br>Ratio**<br> (1) (2) | **Ratio of<br>Expenses<br>to Average<br>Net Assets<br>(3)** | **Total <br>Return** <br> (4)  |
|  Fidelity Growth | Fidelity Growth | Fidelity Growth |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **364408** | **$100.71** | **$36698643** | **0.21%** | **1.25%** | **13.35%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 368333 | $88.84 | $32723987 | 0.00% | 1.25% | 28.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 381598 | $69.06 | $26354724 | 0.04% | 1.25% | 34.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 395017 | $51.38 | $20297053 | 0.50% | 1.25% | -25.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 392439 | $68.93 | $27051970 | 0.00% | 1.25% | 21.55% |
|  Fidelity Growth & Income | Fidelity Growth & Income | Fidelity Growth & Income |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **362479** | **$63.53** | **$23028067** | **1.46%** | **1.25%** | **19.88%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 389634 | $52.99 | $20648007 | 1.39% | 1.25% | 20.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 408931 | $43.94 | $17967431 | 1.52% | 1.25% | 17.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 464450 | $37.52 | $17425362 | 1.62% | 1.25% | -6.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 434019 | $40.00 | $17360125 | 2.31% | 1.25% | 24.20% |
|  Fidelity Overseas | Fidelity Overseas | Fidelity Overseas |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **114132** | **$38.52** | **$4396029** | **1.53%** | **1.25%** | **18.78%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 120301 | $32.43 | $3900895 | 1.57% | 1.25% | 3.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 127842 | $31.29 | $3999682 | 0.91% | 1.25% | 18.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 145175 | $26.31 | $3819432 | 0.97% | 1.25% | -25.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 151243 | $35.32 | $5342454 | 0.43% | 1.25% | 18.09% |
|  Fidelity Money Market | Fidelity Money Market | Fidelity Money Market |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **11542799** | **$1.09** | **$12612401** | **3.96%** | **1.25%** | **2.74%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 11809391 | $1.06 | $12559748 | 4.85% | 1.25% | 3.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 6647168 | $1.03 | $6818133 | 4.68% | 1.25% | 3.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 5550963 | $0.99 | $5501538 | 1.23% | 1.25% | 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 7307245 | $0.99 | $7234838 | 0.01% | 1.25% | -1.24% |

---

------

WoodmenLife Variable Annuity Account

Notes to Financial Statements (continued)

6. Financial Highlights (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br> **Value** | **Net Assets** | **Investment<br>Income<br>Ratio**<br> (1) (2) | **Ratio of<br>Expenses<br>to Average<br>Net Assets<br>(3)** | **Total <br>Return** <br> (4)  |
|  Franklin Income | Franklin Income | Franklin Income | Franklin Income |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **2399493** | **$16.93** | **$40622966** | **5.13%** | **1.25%** | **11.16%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 2515320 | $15.23 | $38308777 | 5.18% | 1.25% | 5.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 2582442 | $14.39 | $37152073 | 5.10% | 1.25% | 7.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 2568687 | $13.41 | $34447350 | 4.87% | 1.25% | -6.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 2428398 | $14.37 | $4884350 | 4.56% | 1.25% | 15.30% |
|  Franklin Mutual Global Discovery | Franklin Mutual Global Discovery | Franklin Mutual Global Discovery |  |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **325506** | **$19.85** | **$6461360** | **1.84%** | **1.25%** | **21.81%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 374004 | $16.30 | $6094923 | 1.68% | 1.25% | 3.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 445329 | $15.77 | $7022038 | 2.47% | 1.25% | 18.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 488530 | $13.27 | $6483111 | 1.36% | 1.25% | -5.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 539944 | $14.11 | $7617117 | 2.67% | 1.25% | 17.65% |
|  Franklin Rising Dividends | Franklin Rising Dividends | Franklin Rising Dividends | Franklin Rising Dividends |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **1082950** | **$28.25** | **$30588117** | **0.82%** | **1.25%** | **10.42%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 1129347 | $25.58 | $28889254 | 1.00% | 1.25% | 9.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 1188929 | $23.38 | $27799456 | 0.92% | 1.25% | 10.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 1292285 | $21.12 | $27298643 | 0.81% | 1.25% | -11.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 1268649 | $23.92 | $30343293 | 0.85% | 1.25% | 25.22% |
|  Franklin Strategic Income | Franklin Strategic Income | Franklin Strategic Income | Franklin Strategic Income |  |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **896323** | **$11.44** | **$10254836** | **4.91%** | **1.25%** | **5.91%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 1009654 | $10.80 | $10906584 | 4.50% | 1.25% | 2.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 1050099 | $10.52 | $11042904 | 4.67% | 1.25% | 6.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 1234626 | $9.84 | $12151989 | 4.37% | 1.25% | -11.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 1308681 | $11.17 | $14613867 | 3.39% | 1.25% | 0.84% |

---

------

WoodmenLife Variable Annuity Account

Notes to Financial Statements (continued)

6. Financial Highlights (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br> **Value** | **Net Assets** | **Investment<br>Income<br>Ratio**<br> (1) (2) | **Ratio of<br>Expenses<br>to Average<br>Net Assets<br>(3)** | **Total <br>Return** <br> (4)  |
|  Franklin Global Bond | Franklin Global Bond | Franklin Global Bond | Franklin Global Bond | Franklin Global Bond |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **411523** | $**8.26** | $**3399002** | **0.00%** | **1.25%** | **14.29%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 468846 | $7.23 | $3388214 | 0.00% | 1.25% | -12.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 611330 | $8.26 | $5047786 | 0.00% | 1.25% | 1.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 694523 | $8.13 | $5643879 | 0.00% | 1.25% | -6.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 766337 | $8.66 | $6634066 | 0.00% | 1.25% | -6.17% |
|  PIMCO Low Duration | PIMCO Low Duration | PIMCO Low Duration | PIMCO Low Duration | PIMCO Low Duration |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **181958** | $**13.42** | $**2442063** | **3.94%** | **1.25%** | **4.21%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 180341 | $12.88 | $2322545 | 3.99% | 1.25% | 3.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 219982 | $12.48 | $2745421 | 3.59% | 1.25% | 3.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 262735 | $12.04 | $3162861 | 1.68% | 1.25% | -6.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 264665 | $12.93 | $3422558 | 0.53% | 1.25% | -2.16% |
|  PIMCO Real Return | PIMCO Real Return | PIMCO Real Return | PIMCO Real Return | PIMCO Real Return |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025** | **813663** | $**17.04** | $**13866676** | **3.33%** | **1.25%** | **6.51%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 883124 | $16.00 | $14130788 | 2.63% | 1.25% | 0.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 951283 | $15.87 | $15092142 | 2.98% | 1.25% | 2.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 1092115 | $15.48 | $16907548 | 7.03% | 1.25% | -13.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 1079293 | $17.79 | $19204990 | 5.04% | 1.25% | 4.27% |

---

------

WoodmenLife Variable Annuity Account

Notes to Financial Statements (continued)

6. Financial Highlights (continued)

(1) These ratios represent the dividends, excluding distributions of capital gains, received by the subaccount from the underlying mutual fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that result in direct reductions in the unit values. For subaccounts which commenced operations during the period indicated, average net assets have been calculated from the date operations commenced through the end of the reporting period. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying fund in which the subaccount invests.

(2) When net investment income is less than $1, the amount is not reported in the statements of operations but is used in the calculation of the investment income ratio.

(3) These ratios represent the annualized certificates expenses of the separate account, consisting primarily of mortality and expense risk charges, for the period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to certificate holder accounts through the redemption of units and expenses of the underlying fund are excluded.

(4) These ratios represent the total return for the period indicated, including changes in the value of the underlying fund, and reflect deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. For subaccounts which commenced operations during the period indicated, total return has been calculated from the date operations commenced through the end of the reporting period and has not been annualized.

------

WoodmenLife Variable Annuity Account

Notes to Financial Statements (continued)

7. Fair Value Measurements and Fair Value Hierarchy

U.S. generally accepted accounting principles define fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the nature of inputs used to measure fair value and enhances disclosure requirements for fair value measurements.

The Account has categorized its financial instruments into a three level hierarchy which is based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument.

Financial assets and liabilities recorded at fair value on the Statements of Assets and Liabilities are categorized as follows:

• Level 1. Unadjusted quoted prices for identical assets or liabilities in an active market.

• Level 2. Quoted prices in markets that are not active or inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. Level 2 inputs include the following:

a) Quoted prices for similar assets or liabilities in active markets.

b) Quoted prices for identical or similar assets or liabilities in non-active markets.

c) Inputs other than quoted market prices that are observable.

d) Inputs that are derived principally from or corroborated by observable market data through correlation or other means.

• Level 3. Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. They reflect management's own assumptions about the assumptions a market participant would use in pricing the asset or liability.

At December 31, 2025 and 2024, all investments in the Account are valued using a combination of observable inputs, such as market prices of underlying investments, and unobservable inputs, such as mortality and expense, administrative, surrender and transfer charges. This makes them classified as Level 2.

------

WoodmenLife Variable Annuity Account

Notes to Financial Statements (continued)

8. Segment Reporting

Each fund of the Separate Account constitutes a single operating segment and therefore, a single reportable segment because the chief operating decision maker (CODM) manages the activities of the Separate Account using information of each fund. The Separate Account is engaged in a single line of business as a registered unit investment trust. The Separate Account is a funding vehicle for individual variable annuity contracts with the assets owned by Woodmen of the World Life Insurance Society to support the liabilities of the applicable insurance contracts. The subaccounts have identified the President of Woodmen Financial Services, Inc., as the CODM as the Separate Account does not have employees and is not a separate legal entity.

Woodmen Financial Services, Inc. is a wholly owned subsidiary of WFS Holdings, Inc., and operates as an introducing broker-dealer engaged in the sale of a proprietary variable product offered by WoodmenLife to its members. WFS Holdings, Inc. is a wholly owned subsidiary of WoodmenLife, and operates as a holding company for subsidiary entities Woodmen Financial Services, Inc. and Woodmen Insurance Agency, Inc.

The CODM uses increase (decrease) in net assets from operations as their performance measure in order to make operational decisions while monitoring the net assets of each of the funds within the Separate Account. The Accounting policies used to measure profit and loss of the segments are the same as those described in the summary of significant accounting policies (see Note 1). The measure of segment assets is reported on the Statements of Assets and Liabilities. Refer to the Statements of Operations for each fund's operating segment and related footnotes for significant expenses and the existing segment requirements as of and for the year ended December 31, 2025. All assets and revenue are generated in the US and there are no customers greater than 10% of consolidated results for all periods presented.

9. Subsequent Events

The Account is not aware of any transactions or events, which occurred after the date of the Statements of Assets and Liabilities and before the financial statements were issued which would require recognition or disclosure.

------

![LOGO](g66690dsp_86.jpg)

------

#### Part C

#### OTHER INFORMATION

---

| | |
|:---|:---|
| **ITEM 27.** | **EXHIBITS**  |

---

---

| | | | |
|:---|:---|:---|:---|
| (a) |  | [Certified resolution of the Board of Directors of Woodmen of the World Life Insurance Society ("WoodmenLife") Establishing WoodmenLife Variable Annuity Account (the "Account")](http://www.sec.gov/Archives/edgar/data/1205700/000089853102000441/ex-1.txt) | Incorporated herein by reference from the Initial Filing of this Registration Statement (File No 333-101231) as filed with the Securities and Exchange Commission on November 15, 2002. |
| (b) |  | Custodian Agreements | Not Applicable. |
| (c) |  | [Distribution Agreement between WoodmenLife and Woodmen Financial Services, Inc.](http://www.sec.gov/Archives/edgar/data/1205700/000089853102000441/ex-3.txt) | Incorporated herein by reference from the Initial filing of this Registration Statement (File No 333-101231) as filed with the Securities and Exchange Commission on November 15, 2002. |
| (d) | (1) | [Form of Variable Annuity Certificate](http://www.sec.gov/Archives/edgar/data/1205700/000089853102000441/ex-4a.txt) | Incorporated herein by reference from Exhibit (4)(a) to Registrant's<br> Initial Registration Statement on Form N-4 (File No 333-101231) filed with the Securities and Exchange Commission on November 15, 2002. |
|  | (2) | [Form of IRA endorsement](http://www.sec.gov/Archives/edgar/data/1205700/000114420407021456/v072786_ex99-4b.txt) | Incorporated herein by reference from Exhibit (4)(b) to Post-Effective Amendment No. 5 to Registrant's Registration Statement on Form N-4 (File No 333-101231) filed with the Securities and Exchange Commission on April 30, 2007. |
|  | (3) | [Form of Roth IRA endorsement](http://www.sec.gov/Archives/edgar/data/1205700/000114420407021456/v072786_ex99-4c.txt) | Incorporated herein by reference from the Filing of this Registration Statement (File No 333-101231) as filed with the Securities and Exchange Commission on April 30, 2007. |
|  | (4) | [Form of SIMPLE IRA Endorsement](http://www.sec.gov/Archives/edgar/data/1205700/000114420407021456/v072786_ex99-4d.txt) | Incorporated herein by reference from the Filing of this Registration Statement (File No 333-101231) as filed with the Securities and Exchange Commission on April 30, 2007. |
|  | (5) | [Form of 403(b) TSA Endorsement](http://www.sec.gov/Archives/edgar/data/1205700/000114420407021456/v072786_ex99-4e.txt) | Incorporated herein by reference from the Filing of this Registration Statement (File No 333-101231) as filed with the Securities and Exchange Commission on April 30, 2007. |
| (e) | (1) | [Certificate Application](http://www.sec.gov/Archives/edgar/data/1205700/000089853102000441/ex-5a.txt) | Incorporated herein by reference from the Initial Filing of this Registration Statement (File No 333-101231) as filed with the Securities and Exchange Commission on November 15, 2002. |
|  | (2) | [Form of IRA disclosure statement](http://www.sec.gov/Archives/edgar/data/1205700/000089853102000441/ex-5b.txt) | Incorporated herein by reference from the Initial Filing of this Registration Statement (File No 333-101231) as filed with the Securities and Exchange Commission on November 15, 2002. |
|  | (3) | [Form of Roth IRA disclosure statement](http://www.sec.gov/Archives/edgar/data/1205700/000089853102000441/ex-5c.txt) | Incorporated herein by reference from the Initial Filing of this Registration Statement (File No 333-101231) as filed with the Securities and Exchange Commission on November 15, 2002. |
|  | (4) | [Form of SIMPLE IRA disclosure statement](http://www.sec.gov/Archives/edgar/data/1205700/000089853102000441/ex-5d.txt) | Incorporated herein by reference from the Initial Filing of this Registration Statement (File No 333-101231) as filed with the Securities and Exchange Commission on November 15, 2002. |
| (f) |  | [Woodmen of the World Life Insurance Society Articles of Incorporation and Constitution and Laws](d66690dex99f.htm) | Filed herewith. |
| (g) |  | Reinsurance Contracts | Not Applicable. |
| (h) | (1) | [Participation Agreement (Summit (n/k/a Calvert))](http://www.sec.gov/Archives/edgar/data/1205700/000119312522127080/d146526dex99h1.htm) | Incorporated by reference from Exhibit (h)(1) to Post-Effective Amendment No. 26 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 28, 2022. |
|  | (2) | [Participation Agreement (Fidelity)](http://www.sec.gov/Archives/edgar/data/1205700/000119312522127080/d146526dex99h2.htm) | Incorporated by reference from Exhibit (h)(2) to Post-Effective Amendment No. 26 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 28, 2022. |

---

------

---

| | | |
|:---|:---|:---|
| (3) | [Administrative Services Agreement (Summit (n/k/a Calvert))](http://www.sec.gov/Archives/edgar/data/1205700/000119312522127080/d146526dex99h3.htm) | Incorporated by reference from Exhibit (h)(3) to Post-Effective Amendment No. 26 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 28, 2022. |
| (4) | [Service Contract (Fidelity)](http://www.sec.gov/Archives/edgar/data/1205700/000119312522127080/d146526dex99h4.htm) | Incorporated by reference from Exhibit (h)(4) to Post-Effective Amendment No. 26 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 28, 2022. |
| (5) | [Participation Agreement (PIMCO)](http://www.sec.gov/Archives/edgar/data/1205700/000119312522127080/d146526dex99h5.htm) | Incorporated by reference from Exhibit (h)(5) to Post-Effective Amendment No. 26 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 28, 2022. |
| (6) | [Services Agreement (PIMCO)](http://www.sec.gov/Archives/edgar/data/1205700/000119312522127080/d146526dex99h6.htm) | Incorporated by reference from Exhibit (h)(6) to Post-Effective Amendment No. 26 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 28, 2022. |
| (7) | [Participation Agreement (Franklin Templeton)](http://www.sec.gov/Archives/edgar/data/1205700/000119312522127080/d146526dex99h7.htm) | Incorporated by reference from Exhibit (h)(7) to Post-Effective Amendment No. 26 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 28, 2022. |
| (8) | [Shareholder Information Agreement (Franklin Templeton)](http://www.sec.gov/Archives/edgar/data/1205700/000119312522127080/d146526dex99h8.htm) | Incorporated by reference from Exhibit (h)(8) to Post-Effective Amendment No. 26 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 28, 2022. |
| (9) | [Fund Participation and Service Agreement (American Funds)](http://www.sec.gov/Archives/edgar/data/1205700/000119312514457337/d840550dex998i.htm) | Incorporated by reference from Exhibit 8(i) to Post-Effective Amendment No. 14 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on December 31, 2014. |
| (10) | [Business Agreement (American Funds)](http://www.sec.gov/Archives/edgar/data/1205700/000119312514457337/d840550dex998j.htm) | Incorporated by reference from Exhibit 8(j) to Post-Effective Amendment No. 14 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on December 31, 2014. |
| (11) | [22c-2 Agreement (American Funds)](http://www.sec.gov/Archives/edgar/data/1205700/000119312514457337/d840550dex998k.htm) | Incorporated by reference from Exhibit 8(k) to Post-Effective Amendment No. 14 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on December 31, 2014. |
| (12) | [Fund Participation Agreement (Eaton Vance)](http://www.sec.gov/Archives/edgar/data/1205700/000119312517139182/d344967dex998m.htm) | Incorporated by reference from Exhibit (8)(m) to Post-Effective Amendment No. 17 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 26, 2017. |
| (13) | [Consent of Assignment of Administrative Services Agreement (Summit n/k/a Calvert)](http://www.sec.gov/Archives/edgar/data/1205700/000119312522127080/d146526dex99h13.htm) | Incorporated by reference from Exhibit (h)(13) to Post-Effective Amendment No. 26 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 28, 2022. |
| (14) | [Administrative Services Agreement (Calvert n/k/a Eaton Vance)](http://www.sec.gov/Archives/edgar/data/1205700/000119312522127080/d146526dex99h14.htm) | Incorporated by reference from Exhibit (h)(14) to Post-Effective Amendment No. 26 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 28, 2022. |
| (15) | [Fund Participation Agreement (Calvert n/k/a Eaton Vance)](http://www.sec.gov/Archives/edgar/data/1205700/000119312522127080/d146526dex99h15.htm) | Incorporated by reference from Exhibit (h)(15) to Post-Effective Amendment No. 26 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 28, 2022. |
| (16) | [Termination of Agreements (Summit n/k/a Calvert)](http://www.sec.gov/Archives/edgar/data/1205700/000119312522127080/d146526dex99h16.htm) | Incorporated by reference from Exhibit (h)(16) to Post-Effective Amendment No. 26 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 28, 2022. |
| (17) | [Service Contract (Fidelity)](http://www.sec.gov/Archives/edgar/data/1205700/000119312522127080/d146526dex99h17.htm) | Incorporated by reference from Exhibit (h)(17) to Post-Effective Amendment No. 26 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 28, 2022. |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | (18) | [Participation Agreement Amendment (Fidelity)](http://www.sec.gov/Archives/edgar/data/1205700/000119312522127080/d146526dex99h18.htm) | Incorporated by reference from Exhibit (h)(18) to Post-Effective Amendment No. 26 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 28, 2022. |
|  | (19) | [Participation Agreement Amendment (Fidelity)](http://www.sec.gov/Archives/edgar/data/1205700/000119312522127080/d146526dex99h19.htm) | Incorporated by reference from Exhibit (h)(19) to Post-Effective Amendment No. 26 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 28, 2022. |
|  | (20) | [Services Agreement (PIMCO)](http://www.sec.gov/Archives/edgar/data/1205700/000119312522127080/d146526dex99h20.htm) | Incorporated by reference from Exhibit (h)(20) to Post-Effective Amendment No. 26 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 28, 2022. |
|  | (21) | [Participation Agreement Amendment (Franklin Templeton)](http://www.sec.gov/Archives/edgar/data/1205700/000119312522127080/d146526dex99h21.htm) | Incorporated by reference from Exhibit (h)(21) to Post-Effective Amendment No. 26 to Registrant's Registration Statement on Form N-4 (File No. 333-101231) filed with the Securities and Exchange Commission on April 28, 2022. |
| (i) |  | Administrative Contracts | Not applicable. |
| (j) |  | Other Material Contracts | Not applicable. |
| (k) |  | [Legal Opinion](d66690dex99k.htm) | Filed herewith. |
| (l) |  | [Consent of Deloitte & Touche LLP](d66690dex99l.htm) | Filed herewith. |
| (m) |  | Omitted Financial Statements | Not Applicable. |
| (n) |  | Initial Capital Agreements | Not Applicable. |
| (o) |  | Form of Initial Summary Prospectus | Not Applicable – The Registrant does not intend to rely on Rule 498A at this time. |
| (p) |  | Powers of Attorney from Dr. James W. Shaver, Michael C. Shealy, Daryl J. Doise, Dwayne H. Tucker, Cathryn B. Mobley, J. Patrick Caldwell, Tiffany G. Myers, Patrick L. Dees, Denise M. McCauley, Jon R. Aerni, S. Kyle McMahan, C. Shawn Bengston, and Annette M. Devine | Incorporated by reference from Exhibit (p) to Post-Effective Amendment No. 29 to Registrant's Registration Statement on Form N-4 (File No 333-101231) filed with the Securities and Exchange Commission on April 30, 2024. |
| (q) |  | Letter Regarding Change in Certifying Accountant | Not Applicable. |
| (r) |  | Historical Current Limits on Index Gains | Not Applicable. |

---

---

| | |
|:---|:---|
| **ITEM 28.** | **DIRECTORS AND OFFICERS OF THE INSURANCE COMPANY**  |

---

---

| | |
|:---|:---|
| NAME AND PRINCIPAL BUSINESS ADDRESS\* | Positions and Offices with the Insurance Company |
| Denise M. McCauley | President & CEO, Chair of the Board |
| Jon R. Aerni | Executive Vice President, Chief Financial Officer, Director |
| S. Kyle McMahan | Executive Vice President, Chief Marketing Officer, Director |
| C. Shawn Bengston | Executive Vice President, Chief Risk Officer, Director |
| Wilbur Jenkins | Executive Vice President, Chief Operating Officer |
| Charles R. Driffill | Senior Vice President, National Sales Manager |
| John A. Sharp | Senior Vice President, General Counsel |
| Kenneth R. Knaub | Senior Vice President, Chief Information Officer |
| Annette M. Devine | Vice President & Chief Accounting Officer |
| Michael M. Hemenway | Vice President & Chief Human Resources Officer |
| Jacob M. Day | Vice President & Chief Investment Officer |
| Lee A. Janecek | Vice President, Certificate Administration & Chief Underwriter |
| Lori E. Howard | Vice President, Marketing & PR |
| Blake D. Warneke | Vice President & Chief Actuary |
| Daniel R. Molony | Vice President, Fraternal |
| Pam A. Mortenson | Vice President & Strategic Planning Officer |
| Kelly A. Liberty | Vice President, Strategic Execution |
| Timothy K. Buderus | Vice President, WFS Operations & President, WFS |
| Kyle W. Savage | Vice President, Sales |
| Lance R. Larsen | Vice President, Additional Distribution |
| Nicholas C. Olari | Vice President, Chief Compliance & Privacy Official |
| Rob J. LaMagna-Reiter | Vice President & Chief Information Security Officer |
| Dr. James W. Shaver | Director |
| Michael C. Shealy | Director |
| Daryl J. Doise | Director |

---

------

---

| | |
|:---|:---|
| Dwayne H. Tucker | Director |
| Cathryn B. Mobley | Director |
| J. Patrick Caldwell | Director |
| Tiffany G. Myers | Director |
| Patrick L. Dees | Director |

---

\* The principal business address of each person is Woodmen of the World Life Insurance Society, 1700 Farnam Street, Omaha, NE 68102

---

| | |
|:---|:---|
| **ITEM 29.** | **PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE INSURANCE COMPANY OR THE SEPARATE ACCOUNT**  |

---

Registrant is a separate account of Woodmen of the World Life Insurance Society, the Depositor, established by the Board of Directors of the Depositor in 2001 pursuant to the laws of the State of Nebraska. The Depositor is a fraternal benefit society organized under the laws of the State of Nebraska and is owned by and operated for its members. It has no shareholders and is not subject to the control of any affiliated persons. Depositor controls its wholly- owned direct subsidiary, WFS Holdings, Inc., a Nebraska corporation which is a holding company with no independent operations. WFS Holdings, Inc. controls its wholly-owned subsidiary, Woodmen Financial Services, Inc., a Nebraska corporation that is a broker-dealer and principal underwriter hereunder. WFS Holdings also controls one other wholly owned subsidiary, Woodmen Insurance Agency, Inc. All are located at 1700 Farnam Street, Omaha, NE 68102.

---

| | |
|:---|:---|
| **ITEM 30.** | **INDEMNIFICATION**  |

---

Article 3 Section 4 of the Constitution and Laws of Woodmen of the World Life Insurance Society contains provisions governing the indemnification of officers and employees of the depositor, which provides:

"Sec. 4. Indemnification of Officers and Employees. Every current and former officer, employee, and National Director of WoodmenLife shall be indemnified against losses or judgments assessed against him/her by a court of competent jurisdiction and for expenses actually and reasonably incurred by him/her in connection with the defense of any action, suit or proceeding, civil in nature, in which he/she is made a party by reason of serving WoodmenLife, except in relation to matters as to which he/she shall be adjudged in such action, suit or proceeding to be guilty of fraud, gross negligence or malfeasance in the performance of duty."

Under the Nebraska Business Corporation Act, a Nebraska corporation, such as Woodmen Financial Services, Inc., is required to indemnify a director and officer who was wholly successful in the defense of any proceeding to which such person was a party because of his or her position as a director or officer against reasonable expenses, including attorneys' fees, incurred in connection with such proceeding. Under the Nebraska Business Corporation Act, a Nebraska corporation, is permitted, but not required, to indemnify a director or officer against liability if such person conducted himself or herself in good faith, and the director or officer reasonably believed that his or her conduct was in the best interests of the corporation.

Insofar as indemnification for liability arising under the Securities Act of 1933, as amended (the "Act") may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

---

| | |
|:---|:---|
| **ITEM 31.** | **PRINCIPAL UNDERWRITER**  |

---

(a) Woodmen Financial Services, Inc., is the Registrant's principal underwriter and is not the principal underwriter, depositor, sponsor or investment adviser of any investment company, other than the Registrant.

(b) Directors, Officers and Managers of Woodmen Financial Services, Inc.

---

| | |
|:---|:---|
| NAME AND PRINCIPAL BUSINESS ADDRESS\* | POSITIONS AND OFFICES WITH THE UNDERWRITER |
| Timothy K. Buderus | CEO, President, Director |
| C. Shawn Bengston | Chair of the Board, Director |
| Nicholas C. Olari | Director & Secretary |
| Benjamin W. Janecek | Director |
| Charles R. Driffill | Director |
| Jacob M. Day | Director |
| Lindsey Eblen | Treasurer and Financial and Operations Principal |
| Rahja Porter | Chief Compliance Officer |
| Annette M. Devine | AML Officer |

---

\* The principal business address of all of the persons listed above is Woodmen of the World Life Insurance Society, 1700 Farnam Street, Omaha, NE 68102.

(c) Compensation from the Registrant. The following table reflects all commissions and other compensation received, directly or indirectly, from the Registrant during the Registrant's last fiscal year by the principal underwriter:

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; (1)<br> **Name of Principal<br>Underwriter** | (2)<br> **Net Underwriting<br>Discounts** | (3)<br> **Compensation on<br>Redemption** | (4)<br> **Brokerage Commissions** | (5)<br> **Other Compensation** |
| &nbsp;&nbsp;&nbsp; Woodmen Financial Services, Inc. ("WFS") | $0 | $0 | $1930128.29 | $470930.00 |

---

---

| | |
|:---|:---|
| **ITEM 31A.** | **INFORMATION ABOUT CONTRACTS WITH INDEX-LINKED OPTIONS AND FIXED OPTIONS SUBJECT TO A CONTRACT ADJUSTMENT**  |

---

Not Applicable

---

| | |
|:---|:---|
| **ITEM 32.** | **LOCATION OF ACCOUNTS AND RECORDS**  |

---

All of the accounts, books, records or other documents required to be kept by Section 31(a) of the Investment Company Act of 1940 and rules thereunder, are maintained by the depositor at its home office located at 1700 Farnam Street, Omaha, NE 68102.

---

| | |
|:---|:---|
| **ITEM 33.** | **MANAGEMENT SERVICES**  |

---

Not Applicable

---

| | |
|:---|:---|
| **ITEM 34.** | **FEE REPRESENTATION**  |

---

(a) With regard to the variable options, Woodmen of the World Life Insurance Society represents that the fees and charges under the Certificates, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by Woodmen of the World Life Insurance Society.

(b) Woodmen of the World Life Insurance Society represents that in connection with its offering of the Certificates as funding vehicles for retirement plans meeting the requirements of Section 403(b) of the Internal Revenue Code of 1986, it is relying on a no-action letter dated November 28, 1988, to the American Council of Life Insurance (Ref. No. IP-6-88) regarding Sections 22(e), 27(c)(1), and 27(d) of the Investment Company Act of 1940, and that WoodmenLife will comply with paragraphs numbered (1) through (4) of that letter.

(c) Woodmen of the World Life Insurance Society represents that in connection with its offering of the Certificates as funding vehicles for certain retirement plans meeting the requirements of Section 403(b) of the Internal Revenue Code of 1986, it is relying on a no-action letter dated August 30, 2012, to ING Life Insurance and Annuity Company regarding Sections 22(e) and 27(i)(2)(a) of the Investment Company Act of 1940, and that WoodmenLife will comply with the requirements set forth in the no-action letter for entities relying on that no-action position.

------

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant, WoodmenLife Variable Annuity Account, certifies that it meets all of the requirements for effectiveness of this Registration Statement under Rule 485(b) under the Securities Act, and has caused this Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Omaha, State of Nebraska, on this 28th day of April, 2026.

---

| | |
|:---|:---|
| **WoodmenLife Variable Annuity Account** (Registrant) | **WoodmenLife Variable Annuity Account** (Registrant) |
| By: Woodmen of the World Life Insurance Society | By: Woodmen of the World Life Insurance Society |
| By: | /s/ Jon R. Aerni |
| Jon R. Aerni | Jon R. Aerni |
| Executive Vice President, Chief Financial Officer | Executive Vice President, Chief Financial Officer |
| **Woodmen of the World Life Insurance Society** (Depositor) | **Woodmen of the World Life Insurance Society** (Depositor) |
| By: | /s/ Jon R. Aerni |
| Jon R. Aerni | Jon R. Aerni |
| Executive Vice President, Chief Financial Officer | Executive Vice President, Chief Financial Officer |

---

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities with the Depositor and on the dates indicated:

---

| | | |
|:---|:---|:---|
| Signature | Title | Date |
|  \*<br> Daryl J. Doise | Director | April 28, 2026 |
|  \*<br> Dr. James W. Shaver | Director | April 28, 2026 |
|  \*<br> Michael C. Shealy | Director | April 28, 2026 |
|  \*<br> Dwayne H. Tucker | Director | April 28, 2026 |
|  \*<br> Cathryn B. Mobley | Director | April 28, 2026 |
| \*<br> J. Patrick Caldwell | Director | April 28, 2026 |
|  \*<br> Tiffany G. Myers | Director | April 28, 2026 |
|  \*<br> Patrick L. Dees | Director | April 28, 2026 |
|  \*<br> Denise M. McCauley | Director, President & CEO & Chair of the Board (principal executive officer) | April 28, 2026 |
|  /s/ Jon R. Aerni<br> Jon R. Aerni | Director, Executive Vice President, Chief Financial Officer (principal financial officer) | April 28, 2026 |
| \*<br> S. Kyle McMahan | Director | April 28, 2026 |
| \*<br> C. Shawn Bengston | Director | April 28, 2026 |
|  \*<br> Annette M. Devine | Vice President, Chief Accounting Officer (principal accounting officer) | April 28, 2026 |

---

------

---

| | |
|:---|:---|
| \*By: | /s/ Jon R. Aerni |
|  | Jon R. Aerni |
|  | Pursuant to Powers of.Attorney |

---

------

#### EXHIBIT INDEX

---

| | |
|:---|:---|
| **No.** | **Exhibit** |
| (f) | [Woodmen of the World Life Insurance Society Articles of Incorporation and Constitution and Laws](d66690dex99f.htm) |
| (k) | [Legal Opinion](d66690dex99k.htm) |
| (l) | [Consent of Deloitte & Touche LLP](d66690dex99l.htm) |

---

## Ex-99.(F)

**WOODMEN OF THE WORLD** 

**LIFE INSURANCE SOCIETY** 

**ARTICLES OF INCORPORATION** 

**AND** 

**CONSTITUTION AND LAWS** 

The Woodmen of the World Life Insurance Society Articles of Incorporation and Constitution and Laws are part of your benefit certificate. (See Constitution and Laws, Article 6.) They describe how Woodmen of the World Life Insurance Society is governed, its purposes and objectives, as well as your rights as members.

**TABLE OF CONTENTS** 

---

| | | |
|:---|:---|:---|
|  **ARTICLES OF INCORPORATION** | **ARTICLES OF INCORPORATION** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 1** | Name | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 2** | Place of Business | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 3** | Organization and Powers | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 4** | Purposes and Objectives | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 5** | Supreme Governing Body | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 6** | Constitution and Laws | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 7** | Membership | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 8** | Subordinate Bodies, Subsidiaries and Affiliated Entities | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 9** | Amendments | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; **CONSTITUTION AND LAWS** | &nbsp;&nbsp;&nbsp;&nbsp; **CONSTITUTION AND LAWS** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 1** | The National Convention | 2-5 |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 2** | The National Board of Directors | 5-8 |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 3** | Other Duties and Powers | 8-8 |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 4** | Jurisdictions | 8-9 |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 5** | Chapters | 9-10 |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 6** | Benefit Certificates of Membership | 10-13 |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 7** | Dispute Resolution Procedures | 13-15 |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 8** | Judiciary Committee and Appeals Thereto | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp; **ARTICLE 9** | Amendments | 16-16 |

---

**ARTICLES OF INCORPORATION** 

**Revised October 10, 2025** 

**ARTICLE 1** 

**Name.** The name of this corporation is "Woodmen of the World Life Insurance Society," hereinafter "WoodmenLife."

**ARTICLE 2** 

**Place of Business.** WoodmenLife's principal office (Home Office) shall be in Omaha, Nebraska, or at any other place the National Board of Directors may select.

**ARTICLE 3** 

**Organization and Powers.** WoodmenLife is a Fraternal Benefit Society, organized under the laws of the State of Nebraska, without capital stock, conducted solely for the benefit of its members and their beneficiaries, and not for profit. It shall be operated on a lodge system based on local chapters with a ritualistic form of work and a representative form of government. It shall have all the powers granted by law and shall have perpetual existence unless these Articles of Incorporation are surrendered or WoodmenLife is consolidated, merged or dissolved as authorized by law.

**ARTICLE 4** 

**Purposes and Objectives.** The purposes and objectives of WoodmenLife shall be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To seek as members individuals who desire to join together for mutual benefit and protection and, through our lodge system, based on chapters, to establish and implement programs to benefit our communities and our Nation as a whole through organized volunteer efforts. Members of WoodmenLife share common values and work to achieve shared fraternal ideals through their family, civic, charitable and patriotic activities. WoodmenLife shall engage in and support activity consistent with these fraternal ideals. Through a commitment to family, we become more dedicated family members; through volunteerism, we strengthen communities by assisting others and organizations which help others; through patriotic allegiance, we pledge to be better and more dedicated citizens; and through our chapters, we dedicate ourselves as volunteers to strengthen our families, our communities and our Nation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) To issue to its members, either with or without medical examination, certificates providing for such benefits as may be authorized by the Constitution and Laws and in accordance with the laws governing fraternal benefit societies; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) To engage in any and all other business allowed by law, consistent with the above purposes and objectives.

**ARTICLE 5** 

**Supreme Governing Body.** WoodmenLife's supreme governing body shall be known as the "National Convention," which shall be composed of its National Convention Representatives as provided for and defined in the Constitution and Laws.

Regular sessions of the National Convention shall be held as often as once in each four calendar years at such times and places as may be determined by the President & CEO of WoodmenLife. Special sessions or referenda may occur as provided by the Constitution and Laws of WoodmenLife.

------

**ARTICLE 6** 

**Constitution and Laws.** WoodmenLife shall have the power, through its National Convention or National Board of Directors, to provide a Constitution and Laws; to provide rules and regulations for its own government and that of its chapters and members and certificate holders; to alter and amend the same at any session of the National Convention or meeting of its National Board of Directors; to provide for the organization of subordinate, subsidiary or affiliated entities such as local chapters and Jurisdictional Conventions and prescribe the laws, rules and regulations for their government; and to do all other acts and things necessary to carry out the purposes and objectives for which it is organized.

**ARTICLE 7** 

**Membership.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Benefit Members.** A benefit member is a person who meets the qualifications set forth in Article 4 above or is a member of a group and who has been accepted for membership. Each member shall also be a member of a subordinate body of WoodmenLife (Chapter). Benefit members shall be divided into the following classes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) **Adult Benefit Members.** A person who is accepted for membership and who is either sixteen years of age or older, or not considered a minor in his/her state of residence shall be an adult benefit member of WoodmenLife.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) **Youth Benefit Members.** A person who is accepted for membership and who is under sixteen years of age shall be a youth benefit member of WoodmenLife. Such members shall have those rights of membership as may be provided in the benefit certificate or by the National Board of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Good-Standing Benefit Members.** A Good-Standing Benefit Member is one who has made all payments according to the terms of the benefit certificate or under this Constitution and Laws. Benefit members of WoodmenLife who are not in good standing shall not hold any office in the National Convention or any of the subordinate bodies of WoodmenLife or attend or participate in any business, social or other meeting thereof which is limited to Good-Standing Benefit Members.

**ARTICLE 8** 

**Subordinate Bodies, Subsidiaries and Affiliated Entities.** The subordinate bodies of WoodmenLife shall be Jurisdictions and Chapters. The subsidiaries of WoodmenLife shall be those entities established by it. The affiliated entities of WoodmenLife shall include, but are not limited to, not-for-profit organizations as originated by WoodmenLife.

Every Good-Standing Benefit Member is assigned to a chapter and can participate in chapter meetings and activities. Each chapter is located within a defined geographical area called a Jurisdiction. Chapters elect Jurisdictional Convention Delegates who attend Jurisdictional Conventions, which are held every four years.

Jurisdictional Conventions elect National Convention Delegates who attend a National Convention, which is held every four years during the same year as the Jurisdictional Convention.

**ARTICLE 9** 

**Amendments.** These Articles of Incorporation may be altered or amended at any session of the National Convention by a two-thirds vote of the National Convention Representatives or at any meeting of the National Board of Directors by a two-thirds vote of the members thereof.

**CONSTITUTION AND LAWS** 

**Revised October 10, 2025** 

**ARTICLE 1** 

**The National Convention** 

**Sec. 1. Name.** The supreme legislative and governing body of WoodmenLife shall be known as the National Convention.

**Sec. 2. Powers.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Jurisdiction and Powers.** The National Convention shall have plenary, original and appellate jurisdiction in all matters pertaining to WoodmenLife and its general welfare. It shall have the power to enact laws for its own government, the government and management of WoodmenLife in general, and its subordinate bodies and subsidiaries. It shall be the sole judge of its elections and the qualification of its own National Convention Officers, National Convention Representatives and members of WoodmenLife.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Power To Suspend or Remove Its National Convention Representatives and Members of WoodmenLife.** It may, by itself when in session, or through the National Board of Directors when the National Convention is not in session, by a two-thirds vote of either body, suspend or remove any of its National Convention Representatives or members of WoodmenLife for violating any of the laws of WoodmenLife or for doing any other act or thing which tends to bring reproach upon the National Convention, WoodmenLife or any of its National Convention Representatives or members of WoodmenLife or for any other good and sufficient cause. In addition to this provision, all National Convention Officers or the National Board of Directors when the National Convention is not in session may be removed as outlined in Article 2, Section 7 of this Constitution and Laws. Any National Convention Representatives or member of WoodmenLife suspended or removed under this subsection may appeal to the Judiciary Committee and National Convention as provided in Article 1, Section 2(a) and Article 8 of this Constitution and Laws.

**Sec. 3. Composition.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **National Convention Representatives.** The National Convention shall be composed of the National Convention Representatives. The National Convention Representatives include the National Convention Officers, the members of the Judiciary and Legislation Committees,

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Jurisdictional Presidents, Immediate Past Jurisdictional Presidents and duly elected National Convention Delegates from each Jurisdiction. Each National Convention Representative is entitled to one vote on any issue properly before the National Convention for vote.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **National Convention Officers.** The National Convention Officers shall be the same persons as comprise the National Board of Directors of WoodmenLife.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **National Convention Delegates.** The National Convention Delegates consist of the duly elected individuals from certain Jurisdictions as outlined and identified in Article 4, Section 4 of this Constitution and Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Alternate National Convention Representatives.** In case a Jurisdictional President, an Immediate Past Jurisdictional President, or a National Convention Delegate from any Jurisdiction is unable to attend the National Convention, then the Jurisdictional Vice President, the Past Jurisdictional President most recently elected or an alternate National Convention Delegate from such Jurisdiction, respectively, if otherwise qualified, shall be certified by the Credentials Committee as a National Convention Representative of that session of the National Convention with all the powers and privileges of his/her principal, provided that notice requesting the substitution is received in the Home Office at least fourteen days in advance of the opening date of the National Convention. No person shall be certified as an alternate National Convention Representative except as herein provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) **Suspensions.** Any National Convention Representative, or an alternate thereto, who is not a Good-Standing Benefit Member shall, thereby, forfeit all rights and privileges of such office, and such office shall be declared vacant by the President & CEO of WoodmenLife.

**Sec. 4. Officers of the National Convention.** The officers of the National Convention shall be the same persons as comprise the National Board of Directors of WoodmenLife when the National Convention is not in session.

**Sec. 5. Sessions and Quorum of the National Convention.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Regular Sessions.** Regular sessions of the National Convention shall be held every four years in the odd- numbered years beginning in 1965, at such times and places as may be determined by the President & CEO of WoodmenLife. Sessions of the National Convention may be postponed or conducted electronically in the event of war, national emergency, or other circumstances as may justify such actions as determined by the President & CEO of WoodmenLife, in his or her sole discretion, and provided that electronic sessions shall utilize a means of communication by which the National Convention Representatives participating may simultaneously hear each other during the session.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b) Special Sessions.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Special sessions may be called by the President & CEO at any time and place, when authorized by two-thirds of the entire National Board of Directors. Special sessions shall be called and convened by the President & CEO, within sixty days, at such time and place as may be set forth in a demand therefor in writing by at least two-thirds of the entire National Board of Directors.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Special sessions shall have all the authority and powers possessed by regular sessions and shall be composed of the National Convention Representatives who attended, or were entitled to attend, the last regular session of the National Convention.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Quorum.** A majority of the National Convention Representatives entitled to sit in any session of the National Convention shall constitute a quorum to open the National Convention. A simple majority of those present and voting shall be sufficient to decide all motions and other issues rightly before it, except as otherwise provided in this Constitution and Laws.

**Sec. 6. National Convention Committees.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Standing Committees.** There are hereby created the following standing committees of the National Convention the members of which shall be appointed by the President & CEO on the last day of each regular session to serve until the close of the succeeding regular session and whose duties shall be as herein enumerated:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) **Legislation Committee.** The Legislation Committee shall be composed of fifteen National Convention Representatives of the National Convention session at which they are appointed and who shall perform the duties set forth in Article 9, Section 2(c) of this Constitution and Laws. WoodmenLife's General Counsel shall serve as an ex officio member of the committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) **Judiciary Committee.** The Judiciary Committee shall be composed of not fewer than five or more than seven National Convention Representatives. No person shall serve for more than two consecutive terms. The committee shall elect one of its members as Chair and one as Secretary and notify the President & CEO and Secretary of WoodmenLife thereof. The General Counsel of WoodmenLife shall serve as an ex officio member without voting privileges.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) **Additional Standing Committees.** The President & CEO shall have authority to appoint such other standing committees from among the adult benefit members of WoodmenLife and/or the then-National Convention Representatives as the President & CEO shall see fit, to assist the National Convention in the transaction of any of its business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) **Term of Office.** The term of office of the members of all standing committees of the National Convention shall be until the adjournment of the next regular session of the National Convention. No person may serve consecutive terms on the same committee unless serving by virtue of his or her office, except members of the Judiciary Committee who may serve up to two consecutive terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Special Committees.** Notwithstanding Article 1, Section 6(c) of this Constitution and Laws, at the commencement of and during each session of the National Convention, the President & CEO may appoint such special committees from among the current or past National Convention Representatives as he may deem necessary, to serve during that session only.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Nominating Committee.** The Nominating Committee is considered a Special Committee of the National Convention. Sixty days prior to the opening of the next regular session of the National Convention, the President & CEO shall appoint the members of a Nominating Committee, subject to approval by a majority vote of the National Board of Directors, who shall recommend a slate of National Convention Officers for approval by the National Convention Representatives. The terms of office of the members of the Nominating Committee of the National Convention shall be sixty days prior to the commencement of the National Convention until the close of the National Convention. No member of the Nominating Committee may serve more than two consecutive terms on the Nominating Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Vacancies.** Except as otherwise provided in this Constitution and Laws, vacancies occurring on any of the standing or special committees of the National Convention, or any other committee herein authorized, may be filled by the President & CEO.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) **Additional Qualifications of Committee Members.** No person shall be appointed to, or remain a member of, a Special, Nominating or Standing Committee of the National Convention, or any other committee created and/or authorized by this Constitution and Laws, unless he/she is a Good-Standing Adult Benefit Member of WoodmenLife.

**Sec. 7. Expenses of National Convention Representatives.** The National Convention Representatives shall be paid their reasonable expenses for attending the sessions of the National Convention.

**Sec. 8. National Convention Qualification and Disqualification.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Qualification of National Convention Officers.** No person shall be elected by the National Convention as a National Convention Officer thereof, be appointed thereto, or hold such office unless the person is a Good-Standing Benefit Member.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Disqualifying Occupations and Events.** Any person who violates any insurance statute or regulation or any federal or state criminal law that would preclude or prohibit his or her employment by WoodmenLife or who becomes, or has been within the year immediately preceding, an officer of or holder of a position of trust with any other fraternal benefit society or life-insuring institution shall be ineligible to become or remain a National Convention Officer unless such person is granted a specific waiver to serve by WoodmenLife's Governance Committee; or to be a National Convention Delegate or a Jurisdictional Convention Delegate unless such person is granted a specific waiver to serve by WoodmenLife's President & CEO; provided, however, individuals who held a position with another fraternal or life insurance institution who became members of the Sales Force may become secretaries of Chapters of WoodmenLife. This shall not be construed as disqualifying any person who is an attorney or physician employed occasionally or temporarily by any such life-insuring institution and shall not disqualify a person employed by another society that merges with WoodmenLife if such persons are otherwise qualified.

**Sec. 9. Method of Nomination, Election, Term of Office and Installation of the National Convention Officers.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Nominations.** The names of prospective National Convention Officers must be submitted to the President & CEO of WoodmenLife by a Good-Standing Benefit Member of WoodmenLife sixty days prior to the National Convention along with an application stating each member's qualifications for the office. The President & CEO shall forward each name and application of the prospective National Convention Officers to the Nominating Committee, who shall review each application and recommend a slate of National Convention Officers one of whom shall be designated as a nominee for Chair of the National Convention. National Convention Representatives may also nominate from the floor of the National Convention, during the designated time, a prospective National Convention Officer, provided such prospective National Convention Officer's name was submitted to the President & CEO of WoodmenLife by a Good-Standing Benefit Member of WoodmenLife sixty days prior to the National Convention, along with an application stating the member's qualifications for the office. Any floor nomination not first submitted to the President & CEO and Nominating Committee as set forth herein shall be considered out of order and void. Prior to inclusion of any floor nomination to the slate of official nominations to be voted on by the National Convention, said floor nomination(s) must first be sent back to the Nominating Committee to validate whether the nominee has appropriate credentials to serve as a National Director and may only be added to the formal slate of nominees upon express written approval of the Nominating Committee. There shall be no nominations made by the Nominating Committee or made from the floor that create contests between two nominees. All nominations must be submitted as a universal slate of nominees each of whom shall meet the requirements set forth in Article 1, Section 8(a) and Article 2, Section 1 of this Constitution and Laws

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Election.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Except as provided otherwise, the election of all National Convention Officers shall be by voice vote, at such time during the session designated therefor in the order of business or as may be determined by the National Convention, and shall be decided by a majority vote upon a universal slate of nominees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) In the event the number of nominees on the slate exceeds the number of open seats for office, the election of all National Convention Officers shall be by ballot. The nominees receiving the most votes shall be elected as National Convention Officers. In cases where a ballot is used, a committee consisting of WoodmenLife's Vice Presidents (excluding the General Counsel) shall serve to distribute and certify the results to the National Convention.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) No vote may be cast by proxy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) No election shall decide a contest between two nominees.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) No motion, except to take a necessary recess, shall be entertained during the election.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Term of Office.** The election of the National Convention Officers shall be held at each regular session of the National Convention. A National Convention Officer shall serve until his successor is qualified and elected as discussed herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Installation of National Convention Officers.** The National Convention Officers of the National Convention shall be installed by the President & CEO or by anyone he/she may designate.

**Sec. 10. Order of Business.** At all sessions of the National Convention, business shall be taken up in the order established by the President & CEO. The order of business may be transposed by the presiding officer at any time, as occasion may require.

**Sec. 11. Recording and Publishing Proceedings.** The Secretary, or a designee thereof, shall record all the proceedings of the National Convention. A synopsis of the proceedings of the National Convention, including all affirmative actions, thereof, shall be published in the official publication of WoodmenLife.

**ARTICLE 2** 

**The National Board of Directors** 

**Sec. 1. Composition and Independent National Directors.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Composition.** The National Board of Directors shall be composed of the President & CEO; up to three Executive Vice Presidents recommended by the President and CEO as part of the nominating process at each National Convention; and up to ten (10) additional members. A majority of the membership of the National Board of Directors shall be Independent National Directors as defined in Article 2, Section 1(b) of this Constitution and Laws. Other than the President & CEO and up to three Executive Vice President positions, at no time shall the National Board of Directors contain more than two National Directors who have been previously employed or contracted with WoodmenLife as an Executive Officer, Home Office Employee, Recruiting Sales Manager, or Regional Director within the previous ten years unless such requirement is waived by a unanimous vote of the National Board of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Independent National Director.** An Independent National Director is any individual who has not been actively employed with WoodmenLife within the previous three years as an Executive Officer, Home Office Employee, Recruiting Sales Manager, or Regional Director.

**Sec. 2. Duties and Powers.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Powers.** All power and authority of the National Convention, when not in session, shall be vested in the National Board of Directors, except as herein elsewhere provided.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Examine Transactions of its Members.** The National Board of Directors may examine the transactions of its members at any time and shall receive such reports from its members as are required of them in this Constitution and Laws. It shall transact any other business rightfully before it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Authority.** It shall have the authority to act on behalf of the National Convention between regular sessions of the National Convention. The National Board of Directors shall have the authority to approve mergers, divestitures, consolidations, and acquisitions, subject to and in accordance with applicable laws, and pursuant thereto has the authority to execute and enter into merger, divestiture, consolidation, or any form of acquisition agreements, articles of merger, divestiture or consolidation, certificates of assumption, representations and warranties, as well as any other documents necessary to effectuate a merger, divestiture, consolidation or any acquisition. The National Board of Directors shall have further authority, subject to and in accordance with applicable laws and any required regulatory approval, to borrow money and issue financial instruments in connection therewith, including, without limitation, promissory notes, surplus notes or such other instruments of indebtedness as approved by the National Board of Directors, and pursuant thereto to enter into, execute and deliver such financing agreements and instruments for such purposes as the National Board of Directors deems necessary and appropriate, including, without limitation, financing to effectuate mergers, divestitures, consolidations, or acquisitions.

Legislation and other matters may be adopted by means of a referendum submitted by mail to qualified National Convention Representatives when the same is approved as herein provided. Qualified National Convention Representatives, for purposes of a referendum, shall be those National Convention Representatives of the last regular session of the National Convention who are eligible to act in the capacity as a National Convention Representative at the time of the referendum.

The National Board of Directors shall have authority to make rules and regulations for the orderly operation of Chapters and Jurisdictions, which shall include, but not be limited to, changes in the Bylaws and Rules of Order of subordinate bodies, subsidiaries and affiliated entities as defined in WoodmenLife's Articles of Incorporation and Constitution and Laws, provided such changes do not conflict with this Constitution and Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Power in Event of Taxes and Additional Payments.** In the event any state or other taxing authority shall place any levy, tax or other charge upon any benefit certificate of membership issued by WoodmenLife and/or on any payments made by members, the National Board of Directors and/or the National Convention is hereby authorized to add such amount, or any part thereof, to the payments otherwise prescribed by WoodmenLife for any such certificates subject thereto, and the National Board of Directors and/or the National Convention may direct that the amount of such levy, tax or charge shall be a lien on the proceeds of any such certificates, or if a refund is made, it may be deducted therefrom, in both cases with interest thereon at the rate of five percent per annum, compounded annually.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) **Funds of WoodmenLife.** The funds of WoodmenLife shall be as follows:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) **Insurance Fund.** The Insurance Fund shall be a sum equal to the liability of WoodmenLife in connection with all benefit certificates and accrued expenses in relation to such certificates, together with an additional special reserve for fluctuation of assets, mortality, morbidity, interest earnings and expense. The National Board of Directors may provide for the establishment and operation of one or more separate accounts and issue contracts on a variable basis providing for the dollar amount of benefits or other contractual payments or values thereunder to vary so as to reflect the investment results of such separate accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) **Fraternal Fund.** The Fraternal Fund of WoodmenLife shall consist of all of the assets of WoodmenLife, except those set forth in subsection (1) hereof. The liabilities of the Fraternal Fund shall be all liabilities of WoodmenLife except those in connection with benefit certificates and accrued expenses in connection with such benefit certificates.

**Sec. 3. Meetings.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Regular.** The National Board of Directors shall hold regular meetings at least semiannually on such dates and at such places as may be determined by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Special.** Special meetings of the National Board of Directors may be called by the Chair of the National Board or the President & CEO, at such times and places as either shall determine, whenever either of them deems it necessary for the good of WoodmenLife, and shall be called whenever five members of the National Board of Directors, in writing, request the same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Quorum.** A majority of the members of the National Board of Directors shall constitute a quorum at all meetings, but the affirmative vote of a majority of the entire membership thereof qualified to vote thereon shall be required to determine all issues rightfully before it, except as provided to the contrary in this Constitution and Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Guests.** Guests may be invited by the Chair of the National Board or the President & CEO to attend any regular or special meeting of the National Board of Directors. Guests may neither vote nor participate in any debate regarding a matter; however, guests may be called upon by the Chair of the National Board or the President & CEO to present information and answer relevant questions regarding a matter properly before the National Board of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) **Conduct.** Any meeting, regular or special, of the National Board of Directors may be conducted by telephone and/or video conference at the discretion of the Chair of the National Board. Furthermore, in the event a National Director is unable to appear in person at any meeting, regular or special, of the National Board of Directors, said Director may appear via telephone and/or video conference at the discretion of the Chair of the National Board.

**Sec. 4. Rule-Making Powers; Standing and Special Committees.** The National Board of Directors may adopt rules under which it may operate and discharge its duties. No roll call vote shall be required on any issue except in the discretion of the Chair of the National Board or upon the request of a majority of the members of the National Board of Directors. Any vote may be conducted via secret ballot at the discretion of the Chair of the National Board or upon the request of three or more members of the National Board of Directors and any such rules adopted under this section or previously adopted by the National Board prior to the adoption of this section shall remain in full force and effect until such time as two-thirds of the members of the National Board of Directors vote to amend or eliminate said rule. The Chair of the National Board may appoint special committees of the National Board of Directors and Chairs of such committees with the approval of the National Board to expedite work and matters before it for consideration. The standing committees shall be the Audit, Governance, Compensation, and Fraternal Committees, or any other standing committee established by the National Board from time to time. Members of the standing committees shall be appointed by the Chair of the National Board on an annual basis, subject to approval by a majority vote of the National Board, and shall be comprised of no fewer than three or greater than eight Independent National Directors. The members of each standing committee and the Chair thereof shall be appointed solely on the basis of his/her qualifications to serve on a standing committee. No person shall serve as Chair of more than one standing committee. The number of members of each standing committee shall be determined by the National Board of Directors consistent with the requirements set forth herein. Notwithstanding these requirements, the President & CEO and one other Executive Officer recommended by the President & CEO and approved by the National Board shall be members of the Governance Committee, in addition to no fewer than three Independent National Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Audit Committee.** This committee shall transact all business and perform such duties as may be required of it by the National Convention, the National Board of Directors or the President & CEO, and/or as required by law, and shall otherwise perform oversight and review as it shall determine to be appropriate in the proper exercise of its sound judgment and discretion. This committee shall have as its purpose to provide oversight and monitoring of WoodmenLife's internal and outside auditors, financial operations, accounting practices, enterprise risk management and other matters as dictated by the judgment of the committee under guidelines established by the National Board of Directors. This committee and/or the National Board of Directors may, in its discretion, order an examination or audit, in whole or in part, of the affairs of WoodmenLife by an independent agency as often as it shall see fit and shall do so if the Department of Insurance of the State of Nebraska shall fail to do so at such intervals as required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Governance Committee.** The Governance Committee shall recommend to the National Board of Directors applicable governance guidelines; facilitate an annual review of the National Board's engagement and the President & CEO's performance for review by the National Board; recommend and/or review proposals to amend WoodmenLife's Articles, Constitution and Laws; and identify

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individuals qualified to become National Directors other than Executive Vice Presidents, consistent with criteria approved by the National Board. While the National Board of Directors shall be responsible for the election of a President & CEO, the Governance Committee may assist the National Board, if so requested, to seek applicants, conduct interviews and/or recommend individual(s) for the position of President & CEO. Moreover, while the President & CEO is solely responsible for the appointment of all Executive Vice President positions, the Governance Committee may assist the President & CEO, if so requested, to seek applicants, conduct interviews and/or recommend individual(s) for a vacant Executive Vice President position. Notwithstanding anything to the contrary herein, any member of the National Board of Directors shall be empowered to make a nomination on his/her own initiative at any special or regular National Board meeting, and such nomination, if seconded, shall be considered by the National Board of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Compensation Committee.** This committee shall initiate and certify to the National Board for its approval and ratification the regular and supplemental compensation and benefits of all elected Executive Officers and members of the National Board of Directors. No Executive Officer or member of the National Board of Directors shall vote to approve a recommendation of this committee involving his or her regular or supplemental compensation or benefits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Fraternal Committee**. This committee shall review and recommend to the National Board of Directors various fraternal initiatives, programs and benefits for members and the communities served by WoodmenLife members that are consistent with WoodmenLife's mission, values and strategy, and consistent with the laws and regulations set forth for fraternal benefit societies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) **Delegation of Powers.** The National Board of Directors may delegate any of the powers, authority or duties it is required to perform to any standing or special committee or to any officer of WoodmenLife upon such terms or direction as the National Board may determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) **Committee Charters.** Any committee, standing or special, may draft and adopt a charter. While any charter should be interpreted in the context of all applicable laws and regulations, as well as the context of WoodmenLife's Articles of Incorporation and this Constitution and Laws, a charter does not establish by its own force any legally binding obligations. In the event any provision of a charter conflicts with provisions of WoodmenLife's Articles of Incorporation and/or this Constitution and Laws, WoodmenLife's Articles of Incorporation and/or this Constitution and Laws shall govern.

**Sec. 5. Vacancy in Directorate.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Vacancy by a National Director other than the President & CEO or Executive Vice President**. A vacancy on the National Board of Directors of any National Director that is not the President & CEO or an Executive Vice President shall be filled by nomination and election by a majority of the National Board during any regular or special meeting thereof, and a successor member of the National Board of Directors shall serve during the unexpired term and/or until a successor is elected and qualified.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Vacancy by Executive Vice President.** A vacancy on the National Board of Directors of an Executive Vice President shall be filled by the President & CEO, subject to the approval by a majority of the National Board during any regular or special meeting thereof.

**Sec. 6. Procedure in Event of Vacancy in Office of President & CEO.** In the event of the death, total and permanent disability, resignation, suspension, retirement, or removal of the President & CEO, the Chair of the National Board of Directors, if not the President and CEO, or any Executive Vice President serving on the National Board of Directors, in that order, shall immediately call a special meeting of the National Board of Directors, which shall nominate and elect by a majority vote a President & CEO to serve during the unexpired term or the period of such suspension, as applicable. Until the special meeting of the National Board of Directors, the longest-serving Executive Vice President in that capacity shall be ex officio President & CEO.

**Sec. 7. Procedure of Determining Disability, Suspension or Removal of Members of the National Board.** The National Board of Directors shall determine when any member of the National Board should be suspended or removed from office. Any decision by the National Board of Directors that any member should be suspended or removed from office, shall be by an affirmative vote of not less than two-thirds of the total membership of the National Board. The removal of the President & CEO or any Executive Vice President from the National Board of Directors under this section shall also result in the termination of his/her employment with WoodmenLife as President & CEO or as an Executive Vice President.

In the case of the Executive Vice Presidents, in addition to removal as outlined above, they may also be removed by the President & CEO, with or without cause at the sole discretion of the President & CEO.

In the event an employee of WoodmenLife is a member of the National Board of Directors and is removed from such position as an employee, said employee is automatically removed from the National Board of Directors.

**Sec. 8. Conflicts of Interest.** The National Board of Directors shall establish a Conflict of Interest Policy. Any National Board member violating such policy shall be suspended or removed as the National Board shall determine.

**Sec. 9. Chair of the National Board of Directors.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Qualifications for Chair.** No person except the President and CEO of WoodmenLife or an Independent National Director who has never been employed by WoodmenLife may serve as Chair of the National Board of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Preside Over National Board of Directors.** The Chair shall preside over the meetings of the National Board of Directors. In the absence of the Chair, the entire National Board of Directors shall elect by majority vote an interim Chair to preside.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Additional Duties.** The Chair shall perform such other and additional duties as may be assigned by the National Board of Directors, upon such terms and conditions as may be agreed upon.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Removal of Chair.** The Chair of the National Board may be removed as Chair by an affirmative vote of a majority of the National Board of Directors. Upon such removal, the National Board of Directors shall elect another member of the National Board of Directors to serve as the Chair by an affirmative vote of a majority of the National Board of Directors.

**ARTICLE 3** 

**Other Duties and Powers** 

**Sec. 1. Executive Officers.** The President shall be the Chief Executive Officer (CEO) of WoodmenLife and shall report to the National Board of Directors. The additional Executive Officers shall be the Executive Vice Presidents serving on the National Board of Directors pursuant to Article 2, Section 1 of this Constitution and Laws. The National Board of Directors may approve additional Executive Vice Presidents, for appointment by the President & CEO, as may be deemed necessary to manage WoodmenLife. The Executive Vice Presidents shall report to the President & CEO.

The specific duties of the WoodmenLife President and CEO and the Secretary shall be as described in this Constitution and Laws, in the attached Duties of Officers and as assigned. In the case of the President & CEO, the National Board of Directors shall assign additional duties and responsibilities; and in the case of the other Executive Officers, the President & CEO shall assign all other additional duties and responsibilities.

**Sec. 2. Bonds of Officers and Employees; Fidelity Bond.** The National Board of Directors and/or the President & CEO shall procure and maintain in force surety bonds on such officers and employees of WoodmenLife in such form and at least in such amount as required and specified by the Nebraska Department of Insurance.

**Sec. 3. Indemnification of Officers and Employees.** Every current and former officer, employee, and National Director of WoodmenLife shall be indemnified against losses or judgments assessed against him/her by a court of competent jurisdiction and for expenses actually and reasonably incurred by him/her in connection with the defense of any action, suit or proceeding, civil in nature, in which he/she is made a party by reason of serving WoodmenLife, except in relation to matters as to which he/she shall be adjudged in such action, suit or proceeding to be guilty of fraud, gross negligence or malfeasance in the performance of duty.

**ARTICLE 4** 

**Jurisdictions** 

**Sec. 1. Their Establishment and Territorial Limits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Established Jurisdictions.** The territory in which WoodmenLife is authorized to do business shall be divided into units known as Jurisdictions, based on the guidelines established in this Article. A list of Jurisdictions is included with the Jurisdictional Bylaws, which are attached to this Constitution and Laws.

Except as otherwise provided, the National Board of Directors shall have authority to assign members of WoodmenLife not residing in any Jurisdiction to a Jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Establishment of Jurisdictions.** Whenever there shall be 4,000 beneficiary members in any state or combination of states, upon notification thereof by the President & CEO and Secretary of WoodmenLife, the National Convention or National Board of Directors may establish a Jurisdiction. Additional Jurisdictions may be established or subdivided, provided that any state, portion of a state or states, formerly a part of a Jurisdiction, shall be merged into one or more Jurisdictions adjacent thereto. The District of Columbia shall be regarded as a state.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Abolition of Jurisdictions.** The National Board of Directors shall vacate any Jurisdiction which has less than 4,000 beneficiary members on November 30 for two consecutive years. The state, portion of a state or states comprising a Jurisdiction thus abolished shall be merged into or attached to one or more Jurisdictions adjacent thereto. When so abolished and merged, all Jurisdictional offices shall stand vacated except Past Presidents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Jurisdictional Funds.** Whenever any Jurisdiction is created and/or abolished, as provided in this Section, the funds and all other property of the Jurisdiction affected thereby shall be distributed and/or divided as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) **Newly Created Jurisdictions.** The funds of any Jurisdiction from which a new Jurisdiction is created shall be divided in proportion to the number of benefit members residing within the territory of the new Jurisdictions and the number residing in the Jurisdiction affected by any such subdivision thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) **Abolished Jurisdictions.** The funds of any Jurisdiction which has been abolished shall be divided between the Jurisdictions into which its former territory is merged in proportion to the number of benefit members residing within that part thereof so merged.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) **Past Presidents.** No member shall be a Past President of more than one Jurisdiction at any one time. Past Presidents shall be such only with respect to the Jurisdiction in which they were elected, provided they hold membership in a chapter located therein. All Past Presidents moving from the Jurisdiction, but retaining their membership in a local chapter of the Jurisdiction, shall be entitled to attend all Jurisdictional Conventions and have all rights and privileges in the Jurisdictional Conventions as any Past President residing within the Jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) **Notice to All Chapters Affected.** The Secretary of WoodmenLife, or designee thereof, shall notify the Secretary of every chapter affected by the establishment and/or abolition of any Jurisdiction at least sixty days prior to the time fixed for the convening of any such Jurisdictional Convention, giving the time, date and place thereof, which shall be fixed by the President & CEO of WoodmenLife.

**Sec. 2. Composition of Jurisdictional Conventions; Members to Make Reports.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Composition.** Each Jurisdictional Convention shall be composed of the Jurisdictional Convention Representatives. Jurisdictional Convention Representatives include the Jurisdictional Convention

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Officers, the National Convention Delegates to the last regular session of the National Convention and the following, each of whom shall be a Good-Standing Benefit Member of a chapter located in the Jurisdiction: Past Jurisdictional Presidents, Jurisdictional Convention Delegates from chapters located therein, and the Regional Director from each state or division thereof. Each Jurisdictional Convention Representative shall be entitled to one vote on matters considered by the Jurisdictional Convention. No person may be a Jurisdictional Convention Delegate from more than one chapter or a Jurisdictional Convention Delegate to more than one Jurisdictional Convention each quadrennium.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Jurisdictional Convention Representatives to Make Reports.** All Jurisdictional Convention Representatives shall report to their respective Chapters at the next regular meeting thereafter concerning the actions of the Jurisdictional Convention attended by them.

**Sec. 3. Jurisdictional Convention Officers and Their Duties.** Jurisdictional Convention Officers and their duties are described in the Jurisdictional Bylaws, which are attached to this Constitution and Laws and which may be modified by the National Convention or the National Board of Directors.

**Sec. 4. National Convention Representative from the Jurisdictional Convention and Alternates Thereto.** The President and the Immediate Past President of Jurisdictions shall, by virtue of their offices, be National Convention Representatives and shall be the sole National Convention Representatives of Jurisdictions comprising a single state with more than 4,000 but fewer than 7,000 beneficiary members. Each such Jurisdiction shall also be entitled to a National Convention Delegate for each succeeding 4,000 such members or three-fourths fraction thereof within said Jurisdiction in excess of the first 4,000 such members.

Jurisdictions comprised of more than one state shall be entitled to National Convention Representatives in addition to the President and Immediate Past President as follows: one National Convention Delegate from each state within its territorial limits having at least 1,000 beneficiary members therein, except the state wherein the President resides, plus one National Convention Delegate-at-large for each succeeding 4,000 such members or three-fourths fraction thereof within said Jurisdiction in excess of the first 4,000 such members. Benefit membership shall be determined by the records of the Secretary of WoodmenLife, or designee thereof, as of November 30 immediately preceding any regular session of the Jurisdictional Convention.

Each Jurisdictional Convention in regular session shall elect its National Convention Delegates and a like number of alternates. The Secretary of WoodmenLife, or designee thereof, shall mail to the Jurisdictional Presidents and Secretaries, in ample time, a statement showing the number of benefit members within their Jurisdiction as of the November 30 preceding and the number of National Convention Delegates, if any, to which their Jurisdiction is entitled. Benefit members of WoodmenLife who are benefit members of subordinate bodies located within any Jurisdiction shall be regarded as living within the same for all purposes hereof.

**Sec. 5. Jurisdictional Sessions and Quorums.** Provisions describing Jurisdictional Sessions and quorum requirements are set forth in the Jurisdictional Bylaws, which are attached to this Constitution and Laws and which may be modified by the National Convention or the National Board of Directors.

**ARTICLE 5** 

**Chapters** 

**Sec. 1. Chapters and Members Thereof.** WoodmenLife acts on a lodge system based on chapters. Chapters may be further defined as subordinate bodies of WoodmenLife as stated in Article 8 of WoodmenLife's Articles of Incorporation. Chapters shall exist only by the issuance of a charter signed by the President & CEO and Secretary of WoodmenLife. All benefit members of WoodmenLife shall be members of the chapter into which they are assigned, or into which they are transferred, subject to Articles 4 and 7 of the Articles of Incorporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Supervisory Power of National Convention or National Board of Directors Over All Chapters.** The National Convention or the National Board of Directors may prescribe rules and regulations to permit and facilitate any or all of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The consolidation or merger of Chapters;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Joint meetings of members under a common ritual;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The organizing, creating and establishing, on a local basis within Jurisdictions, of District Meetings; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The orderly operations of Chapters.

**Sec. 2. New Chapters.** 

**How Chartered.** New chapters may be chartered when at least twenty Good- Standing Benefit Members are secured. Upon attaining charter strength, a charter and all necessary supplies shall be forwarded by the Secretary of WoodmenLife, or designee thereof, to all new chapters.

**Sec. 3. Powers and Duties of Chapters.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Power and Limitations.** Chapters shall have only such powers as are given them by this Constitution and Laws. The bylaws prescribed for their government and this Constitution and Laws shall govern them in all their transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Duties.** Every chapter shall receive all members using the prescribed ritual of introduction. They shall not deviate from the prescribed ceremony of introduction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Additional Limitations.** No chapter shall organize any corporation, association or other entity for the purpose of holding title to or managing any of its property without prior written approval of the President & CEO and Secretary of WoodmenLife and on such terms and conditions as each may prescribe. Any such entity now in existence shall hold and/or manage all such property subject to this Constitution and Laws and for the sole use and benefit of the chapter to which it belongs, beneficially or otherwise. All such entities holding legal title to any such property shall also

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account to the President & CEO of WoodmenLife as and when he/she shall direct and shall conform to his/her directives, even to the extent of dissolution and liquidation.

**Sec. 4. Officers of Chapters, Their Duties, Meetings, and Quorum Requirements of Chapters.** All provisions relating to chapter officers, their duties, meetings and quorum requirements are contained in the Chapter Bylaws which are attached to this Constitution and Laws and which may be modified by the National Convention or the National Board of Directors.

**Sec. 5. Election and Qualification of Jurisdictional Delegates.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) At any regular meeting prior to January 31, immediately preceding each regular session of the Jurisdictional Convention, Jurisdictional Convention Delegates and a like number of alternates shall be elected thereto in the same manner as the officers of Chapters, and the Chapter Secretary shall immediately certify the same to the Secretary of the Jurisdiction and to the Secretary of WoodmenLife. The Secretary of WoodmenLife, or designee thereof, shall determine if all persons so elected are eligible to serve, based on guidelines established in WoodmenLife's Chapter Bylaws, and certify them to the Jurisdiction by the Secretary of WoodmenLife. If any such person is found to be ineligible to serve, the Secretary of WoodmenLife, or designee thereof, shall immediately notify the chapter, which may elect another Jurisdictional Convention Delegate or alternate. The Secretary of WoodmenLife shall not certify the eligibility of any person whose notice of election is received later than March 1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each chapter located within the territorial limits of each Jurisdiction and which has not fewer than twenty beneficiary members shall be entitled to representation in the Jurisdictional Convention according to its membership as follows: one Jurisdictional Convention Delegate for twenty benefit members; one Jurisdictional Convention Delegate for each additional 100 benefit members up to 500 additional members; one Jurisdictional Convention Delegate for each additional 200 benefit members between 520 members and 920 additional benefit members; and thereafter, one Jurisdictional Convention Delegate for each additional 300 benefit members.

The number of such Jurisdictional Convention Delegates to which any chapter shall be entitled shall be determined by the records of the Secretary of WoodmenLife as of November 30 immediately preceding the election thereof. Alternate Jurisdictional Convention Delegates to Jurisdictional Conventions shall have the same rights and privileges as their principals, in the absence of the latter.

The charters of eligible Chapters failing to elect Jurisdictional Convention Delegates and alternates shall stand suspended. Failure to so elect Jurisdictional Convention Delegates and alternates to two consecutive Jurisdictional Conventions may result in a forfeiture of chapter charters, and the President of WoodmenLife may consolidate said chapter as provided in this Article 5.

**Sec. 6. Consolidation and Merger.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The President & CEO of WoodmenLife, in his/her discretion, may consolidate or merge two or more

chapters whenever he/she deems it to be in the best interest of WoodmenLife, or he/she may, under like circumstances, transfer all the members thereof to any other such subordinate body, provided satisfactory provision is made for the payment of all liabilities of all such bodies dissolved and consolidated or merged or whose members are transferred to another such body. The President & CEO of WoodmenLife shall also have authority, in his discretion, to transfer only part of the members of any such body to another appropriate subordinate body without regard to the liabilities of the body from which they are transferred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The records, paraphernalia, badges and all other property, real, personal, and mixed, belonging to any chapter dissolved, consolidated or merged, shall become the property of the subordinate body with which it is consolidated or merged except any specific property the President & CEO requests to be forwarded to WoodmenLife. The officers of the chapter which has been dissolved, consolidated or merged shall execute all deeds, bills of sale and other documents that may be necessary or required to affect any such transfer of property.

**Sec. 7. Suspension, Revocation and Reinstatement of Charters.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Upon the suspension or revocation of the charter of any chapter, the officers thereof shall deliver to the President & CEO of WoodmenLife, or his/her duly authorized representative, the charter thereof, seal, rituals, records, funds, and all property of whatever kind or nature, title to which shall immediately vest in WoodmenLife. All members of such chapter shall be immediately transferred by the Secretary of WoodmenLife, or designee thereof, to some other appropriate chapter when the charter thereof has been revoked.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon the reinstatement of any suspended charter, all property not disposed of and the proceeds of all property disposed of, together with the charter and records taken at the time of such suspension, shall be restored.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Funds belonging to chapters whose charters have been suspended shall be held by WoodmenLife until their charters are restored. If said charters are not restored, but are finally revoked, the funds shall be paid to those chapters to which the members are transferred in proportion to the number of such members being transferred.

**ARTICLE 6** 

**Benefit Certificates of Membership** 

**Sec. 1. Benefit Certificate, Form and How Obtained.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Benefit Certificate.** A benefit certificate (which term includes a settlement option contract) creates contractual and membership relationships between WoodmenLife and others, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) membership in WoodmenLife vests in the person identified as a member in a benefit certificate or as the payee in a settlement option contract or a member of a group subscribing to a benefit certificate; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) contractual rights and privileges as set out in the benefit certificate and which vest in the owner of the benefit certificate, if different from the member.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Contracts and Waivers.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) **The Contract.** The contract between WoodmenLife and the owner consists of: the certificate, including any riders, endorsements and amendments; the application and any applications for modification of the certificate, which are based upon evidence of insurability; and the Articles of Incorporation and this Constitution and Laws, including all amendments to each, except that, where required by law, a contract on a variable basis shall be subject to the Articles of Incorporation and this Constitution and Laws in force on the date of its issue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) **Waiver.** No officer, employee or member of WoodmenLife, the National Convention or any of its subordinate bodies, or any other person whatsoever, shall have the power, right or authority to waive any of the conditions upon which benefit certificates are issued, or to change or waive any of the provisions of this Constitution and Laws, nor shall any custom or course of dealing on the part of any person or entity whatsoever, with or without the knowledge of any officer of WoodmenLife, have the effect of so changing, modifying, waiving, or forgoing such laws or requirements. Each and every benefit certificate is issued only upon the conditions stated in, and subject to, this Constitution and Laws then in force or thereafter enacted. The knowledge or act of any employee or representative of WoodmenLife shall not constitute a waiver of the provisions hereof by WoodmenLife or an estoppel of WoodmenLife.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Issued in Name of WoodmenLife.** All such certificates shall be issued in the name of WoodmenLife and shall bear facsimile signatures of the President & CEO and Secretary of WoodmenLife.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Assignment and Alienation of Benefit Certificate.** Subject to the notice provisions provided herein, nothing contained in this Constitution and Laws shall be construed to limit the right to assignment or alienation by a member of his or her benefit certificate, which shall not, of itself, terminate such membership. However, no assignment or pledge of a benefit certificate shall be effective until WoodmenLife shall have received, at WoodmenLife's Home Office, written notice of such assignment or pledge. WoodmenLife shall be entitled to deal only with the owner of a benefit certificate (whether as the original owner or any subsequent assignee or pledgee of the benefit certificate pursuant to an assignment duly received at WoodmenLife's Home Office), as then reflected on its books and records, until WoodmenLife shall have received, at WoodmenLife's Home Office, written notice of the assignment or pledge of a benefit certificate or written notice of termination of the assignment or pledge, each as the case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) **Ownership/Control of Youth Certificates.** For certificates which so provide, ownership of a certificate issued in the name of a youth member shall be under the sole control of the applicant until the member reaches age sixteen; under the joint control of the applicant and the member between the member's age sixteen and the

age of majority; and under the sole control of the member after the member's reaching the age of majority. The applicant may, by a writing approved by WoodmenLife, transfer the applicant's rights to any person having an insurable interest in the life of the youth member or to any person as allowed by applicable law. In the event of the death of the applicant before the youth member reaches the age of majority, WoodmenLife shall recognize that person who has the duty to support the youth member, and who in fact does support the youth member, as the person who is entitled to exercise the rights of ownership and control which the applicant could have exercised.

As soon as shall be administratively practical after August 1, 2002, WoodmenLife shall provide certificates which allow the adult applicant, when applying for a certificate in the name of a youth member, an option to have ownership either in the applicant or in the youth member.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) **Ownership/Control by a Youth Member.** If the youth member is the owner of the certificate, the applicant shall retain control over the certificate until the youth member reaches the age of majority. The applicant controller can exercise all rights in the certificate, except for the right of assignment, on behalf of the youth member until the youth member reaches the age of majority. The applicant controller may, by a writing approved by WoodmenLife, transfer control to any person having an insurable interest in the life of the youth member or to any person as allowed by applicable law. In the event of the death of the applicant controller before the youth member reaches the age of majority, WoodmenLife shall recognize that person who has the duty to support the youth member, and/or who in fact does support the youth member, as the person who is entitled to exercise the rights which the applicant controller could have exercised.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) **Ownership/Control by an Adult Applicant.** If the applicant is the owner of the certificate issued in the name of a youth member, the applicant shall have the right to exercise all rights in the certificate.

**Sec. 2. Applications for Membership.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Every application for benefit membership in WoodmenLife shall be signed by the applicant or a designee approved by WoodmenLife. Only duly authorized members of WoodmenLife's Sales Force shall have authority to solicit such applications. Each application shall be dated as of the date it is signed by the applicant. Youth members shall be admitted to WoodmenLife only upon the application of some adult person, under such rules, regulations and requirements as shall be prescribed by the President & CEO or the National Board of Directors. "Person" shall be defined to include the trustee of a trust under which the youth member is a beneficiary, unless a trustee is not allowed under applicable law.

All provisions of this Constitution and Laws shall apply to youth certificates when the context does not indicate that they apply only to adult certificates.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All applications for benefit membership must be for a benefit certificate underwritten by WoodmenLife.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Secretary of WoodmenLife, or designee thereof, shall assign each new member to the appropriate chapter nearest the member's home. A member shall have the right to make a written request to be assigned or transferred to another chapter under procedures established by WoodmenLife.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Benefit certificates in the form approved by the applicable regulatory entity and the President & CEO shall be issued only upon application for membership as provided in this section.

**Sec. 3. Designation of Beneficiaries and Changes Thereof.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Designation.** The beneficiary or beneficiaries, and alternate or alternates, if any, shall be designated in every benefit certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Change of Beneficiary.** Should any person having such right desire to change the beneficiary or beneficiaries named in a certificate, he may do so, during his lifetime, by submitting an electronic or written request to the Home Office of WoodmenLife giving the name or names of the new beneficiary or beneficiaries. Upon receipt of a properly completed WoodmenLife form used for this purpose and in accordance with WoodmenLife operating procedures, when such change of beneficiary or beneficiaries is approved, WoodmenLife shall formally record the change of beneficiary and send an acknowledgement. Such a change of beneficiary or beneficiaries shall not be legally effective until such time as it has been formally adopted by WoodmenLife.

WoodmenLife shall not be required to ascertain whether or not a certificate is in full force and effect before complying with any such request, and acknowledgment of any change shall not be construed as validating any such certificate.

**Sec. 4. Certificate Payments.** 

**All Members Required To Make Payments.** All certificate payments due shall be made to the Home Office of WoodmenLife, on or before the first day of the monthly, quarterly, semiannual, or annual period it is intended to cover. If the reserves of WoodmenLife as to all or any class of certificates should become impaired, the National Board of Directors may require each certificate owner of WoodmenLife to make additional payments equal to the amount of the owner's equitable proportion of such deficiency as determined by the National Board, and if the said additional payment shall not be made, it shall stand as an indebtedness against the certificate and draw interest not to exceed five percent per year, compounded yearly, or alternatively the owner may consent to a reduction of the corresponding insurance benefit proportionate to the value of the additional contributions, provided there shall be no personal liability upon any member or upon any applicant for youth certificate for any such additional payments. The provisions of this paragraph shall not apply to contracts issued on a variable basis.

**Sec. 5. Payment to Beneficiaries and Surviving Beneficiaries.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event that two or more beneficiaries are designated as herein provided and one or more thereof predeceases the member, or perishes in the same disaster, or

otherwise, so that it is not evident as to which died first, or if one or more of said beneficiaries are nonexistent or are unauthorized by the applicable law or under this Constitution and Laws to receive the benefits under any such certificate, and no new designation of beneficiary has been made by any person entitled to do so, that part of such benefits made payable to any such person shall be paid equally to the surviving beneficiary or beneficiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Should a beneficiary predecease the member, or die simultaneously with the member, so that it cannot be determined who died first, or if the member, having provided that the rights of the beneficiary shall be conditioned upon survivorship of the beneficiary for a specified period of time, and the beneficiary has failed to survive for the specified period of time, then the proceeds of the certificate shall be paid as though the beneficiary had predeceased the member.

**Sec. 6. Payment of Benefits When All Primary and Alternate Beneficiaries Are Deceased.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event a member, who is also the owner of a certificate, shall decease and be survived by no properly designated beneficiary to whom benefits can be paid, the benefits due shall be paid to the member-owner's surviving spouse. If there is no surviving spouse, then said benefits shall be paid in equal shares, to the surviving children and legally adopted children of the member-owner; if none, then said benefits shall be paid in equal shares to the surviving parents of the member-owner; if none, then said benefits shall be paid to the member-owner's estate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the event a member is not the owner of the certificate and there is no provision for successor ownership at the owner's death, and the member dies without a designated or valid beneficiary, the benefits shall be paid to the surviving owner(s); if none, then said benefits shall be paid to the estate of the last surviving owner of the certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In the case of an annuity certificate owned by an individual other than the annuitant, if benefits become payable at the death of the owner and the owner dies without a designated or valid beneficiary, the benefits shall be paid to the estate of the owner of the certificate.

**Sec. 7. Conflicts Between Certificate Provisions and Constitution and Laws.** All provisions in benefit certificates shall prevail in the construction of the contractual rights thereunder when there is a real or apparent conflict between said provisions and this Constitution and Laws.

**Sec. 8. Applicable Conditions to Certificates Regarding Costs of Litigation.** The following shall apply to every benefit certificate: In the event WoodmenLife becomes or is made a party to any court proceeding to determine to whom any payment shall be made because of conflicting claims, or otherwise, to the proceeds of a benefit certificate, then all court costs and other necessary costs, including a reasonable fee to the attorney representing WoodmenLife, shall be paid out of the amount due under any such certificate.

**Sec. 9. No Person to Have Any Rights Except as Herein Provided.** No member, or any other person claiming benefits or rights under any benefit certificate of membership issued by WoodmenLife, shall have any rights in, or claim to, any funds of WoodmenLife, except as provided in any such benefit certificate and/or this Constitution and Laws.

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**Sec. 10. Miscellaneous Values Payable at Death.** At the death of an insured member, the benefits to be paid to the person or persons designated by the member, or to any person identified pursuant to Section 6 of this Article 6, or to any collateral assignee, shall include the contractual benefits provided by the certificate, plus any funds held by WoodmenLife in an advance premium deposit fund, and any other funds which WoodmenLife shall determine to be payable in respect to or incidental to the certificate at the member's death.

**Sec. 11. Total and Permanent Disability at Age Seventy.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) When any member of WoodmenLife in good standing who holds a combined benefit certificate shall have reached the age of seventy years, and shall have become presumably permanently totally physically disabled by reason of old age, and who has made provision for same by contributing at the rate therefor, as set forth in Section 12 of this Article 6, on application therefor and satisfactory proof thereof being furnished, on blanks provided therefor, to the Secretary of WoodmenLife at its Home Office, there shall be paid to said member from the beneficiary fund, less any indebtedness standing against the certificate, an amount equal to ten percent of that which would be due under the provisions of this certificate if he/she were deceased and at the end of each year thereafter, if he/she shall be presumably permanently totally physically disabled by reason of old age, upon making application therefor (on blanks provided for that purpose) during his/her lifetime a like amount shall be paid to him/her, less any indebtedness standing against his/her certificate, for nine consecutive years. In the event he/she dies before he/she shall have received the ten payments above provided, the amount remaining unpaid on his certificate, less any indebtedness standing against the certificate, shall be paid to his/her beneficiary, provided no sum shall be paid to said member unless he/she executes a release to WoodmenLife for the portion thereof so paid.

When any such member shall have become presumably permanently totally physically disabled by reason of old age, WoodmenLife may make a cash settlement with such member in lieu of the payment of the annual installments above mentioned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The payment of any installment or installments on a certificate by WoodmenLife to the owner of said certificate does not bind WoodmenLife for further payments unless the member has continued to be presumably totally disabled and has continued the payments of the rates prescribed in Section 12 of this Article 6.

**Sec. 12. Plan of Apportionment and Readjustment of WoodmenLife.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) WoodmenLife's plan of apportionment and readjustment identified by the signatures of W.A. Fraser, Sovereign Commander, John T. Yates, Sovereign Clerk, and attested by the Seal of WoodmenLife and marked "Filed July 23, 1919, John T. Yates, Sovereign Clerk" and now on file in the office of the Secretary of WoodmenLife, the tables of rates as adopted by the Sovereign Camp at Atlanta, Georgia, at its 1917 session and at Chicago, Illinois, at its 1919 session, and the provisions of Section 60 of WoodmenLife's Constitution,

Laws and Bylaws, as enacted at Chicago, Illinois, July, 1919, subsequently amended and reenacted at the Sovereign Camp held at San Francisco, California, June-July, 1941, and which has appeared in each edition of WoodmenLife's Constitution, Laws and Bylaws, to and including that of the 27th Session of the Sovereign Camp held at San Antonio, Texas, in June 1949, said Section 60 having been renumbered from session to session until it became Section 108 at the 26th Session of the Sovereign Camp held in October 1947, are all made a part of these Laws, by reference, as fully as though the said plan of apportionment and readjustment, the said tables of rates and the said original Section 60 of the Constitution, Laws and Bylaws, as amended, were expressly rewritten, incorporated and included herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Members to whom Universal Whole Life Certificates were issued on and after December 31, 1919, shall pay the rates per $1,000 of benefits at age of entry as set forth in the tables of rates as adopted by the Sovereign Camp at Chicago, Illinois, July, 1919, and on file in the office of the Secretary, and as last published in the Constitution, Laws and Bylaws of WoodmenLife, as amended and reenacted in June- July 1941 at San Francisco, California.

**Sec. 13. Modifying the Terms of a Life Insurance Certificate After Issue.** Modifying the terms of a life insurance certificate after issue by adding or removing a rider or endorsement, increasing or decreasing the death benefit, changing the death benefit option, reinstating the certificate after lapse or changing the rating class is permitted by WoodmenLife, except as limited by the certificate provisions and subject to WoodmenLife's underwriting requirements and administrative practices.

**ARTICLE 7** 

**Dispute Resolution Procedures** 

**Sec. 1. Resolution of Chapter and Jurisdiction Disputes.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Purpose.** The purpose of this Section 1 is to identify the means by which members, chapters, Jurisdictions, or WoodmenLife may present and resolve grievances involving chapter or Jurisdiction matters or charges against other members, chapters, Jurisdictions or WoodmenLife consistent with the fraternal nature of WoodmenLife and the role of the fraternal lodge system, as defined by law, in fulfilling the purposes and objectives of WoodmenLife.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Scope.** This Section 1 shall apply whenever a member, chapter, Jurisdiction, or WoodmenLife has a grievance involving chapter or Jurisdiction matters or wishes to initiate charges against any other member, chapter, Jurisdiction or WoodmenLife believed to have violated this Constitution and Laws or the chapter or Jurisdictional Bylaws, or to have engaged in conduct detrimental to the best interests of the member, chapter, Jurisdiction, or WoodmenLife. This Section 1 shall not apply, and Section 2 of this Article 7 shall apply, whenever the matter in dispute involves a member's, benefit certificate owner's, beneficiary's or payor's claim for damages, or claim for redress for a violation of his or her individual rights or for a denial of individual privileges or benefits which he/she claims as a member, benefit certificate owner, beneficiary, or payor

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or in cases where WoodmenLife invokes the procedure against a member, benefit certificate owner, beneficiary, or payor regarding individual rights, individual privileges or benefits. This section shall not apply to any dispute regarding a security owned by a public customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Procedures.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) **Chapter Grievances and Charges Against Members.** Chapter grievances and charges against members initiated by other members under this Section 1 shall be filed in writing with the Chapter Secretary, with a copy to the President & CEO of WoodmenLife. The Chapter Secretary shall review the grievance and/or charge and render a determination within thirty days of receipt of the grievance and/or charge. The Chapter Secretary's determination of the grievance and/or charge may be appealed in writing to the President & CEO of WoodmenLife within thirty days of the Chapter Secretary's determination. The President & CEO's decision shall be final unless the member or chapter files a written appeal of the decision within thirty days to the Judiciary Committee as provided for in Article 8 of this Constitution and Laws. The decision of the President & CEO will be effective unless and until the decision is modified by the Judiciary Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) **Chapter and Jurisdiction Grievances or Charges Against WoodmenLife.** 

Chapter and Jurisdiction grievances and charges against WoodmenLife under this Section 1 shall be filed in writing with the President & CEO of WoodmenLife. The President & CEO shall review the grievance and/or charge and render a determination within thirty days of receipt of the grievance or charge. The President & CEO's decision will be final unless the chapter files a written appeal of the decision within thirty days to the Judiciary Committee as provided for in Article 8 of this Constitution and Laws. The decision of the President & CEO will be effective unless and until the decision is modified by the Judiciary Committee.

**Sec. 2. Resolution of Individual Disputes.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Purpose.** The purpose of this Section 2 is to provide opportunities for members, benefit certificate owners, beneficiaries, payors, and WoodmenLife or any subordinate bodies or affiliates of WoodmenLife, including its former and current members of the National Board of Directors, officers, employees, Representatives, associates and agents of same, to be promptly heard and to seek fair resolution of any and all disputes arising from or related to the rights, privileges, benefits, entitlements or status that a member, benefit certificate owner, beneficiary, or payor may claim or enjoy from a benefit certificate or membership in WoodmenLife, including any disputes arising from or related to a member's involvement in the activities of any subordinate body or affiliate of WoodmenLife. Said process is consistent with the fraternal nature of WoodmenLife without the delay and expense of formal legal proceedings. This Section 2 is intended to apply to WoodmenLife or any subordinate body or affiliate of WoodmenLife, including its former and current

members of the National Board of Directors, officers, employees, Representatives, associates and agents of same, to all current and future members, benefit certificate owners, beneficiaries, and payors and to all current and future benefit certificates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Scope.** This Section 2 shall apply whenever a member, benefit certificate owner, beneficiary, or payor of WoodmenLife makes any claim for damages, or claims any form of redress for any alleged interference with, or violation of, any right, privilege, benefit, or interest as set forth in subsection (a) above which he or she claims or enjoys as a member, benefit certificate owner, beneficiary, or payor including, but not limited to, disputes involving alleged fraud, tortuous conduct, negligence, misrepresentation, breach of contract, discrimination, denial of civil rights, conspiracy, defamation, or infliction of distress caused by WoodmenLife or any subordinate body or affiliate of WoodmenLife or any former or current member of the National Board of Directors, officers, employees, Representatives, associates, or agents of same and disputes regarding the denial of benefit claims under any certificate to the extent procedures of this Section 2 are not prohibited by applicable law. No lawsuit may be filed against WoodmenLife or any former or current member of the National Board of Directors, officers, employees, Representatives, associates or agents of WoodmenLife or any subordinate body or affiliate of WoodmenLife regarding any dispute covered by this Section 2 until the procedures described herein have been exhausted; a lawsuit may then be filed only if the applicable law does not recognize the procedures herein to be final and binding with respect to the matter in dispute. The scope of this paragraph is intended to include any and all claims of any nature that WoodmenLife or any subordinate body or affiliate of WoodmenLife might wish to invoke against a member, benefit certificate owner, beneficiary, or payor regarding individual rights, privileges, or benefits claimed by a member, benefit certificate owner, beneficiary, or payor. Nothing contained herein shall be deemed to supersede the provisions of Article 6, Section 8 of this Constitution and Laws.

This Section 2 shall specifically apply (i) in the event WoodmenLife or any former or current member of the National Board of Directors, officers, employees, Representatives, associates, or agents of same or any subordinate body or affiliate of WoodmenLife becomes or is made a party to any court or other legal proceeding to determine to whom any benefit of a benefit certificate shall be made payable because of conflicting claims, or (ii) to the payment of any benefit of a benefit certificate whereby WoodmenLife acknowledges that money or a benefit is payable but because two or more parties have submitted conflicting claims for the money or benefit payment, WoodmenLife is unable to determine to whom such benefit shall be paid. This Section 2 shall apply even in circumstances where WoodmenLife has not been made a party to any such dispute, conflicting claim, court, or other legal proceeding.

This Section 2 shall not apply to any dispute regarding a security owned by a public customer. Such disputes are governed by Article 7, Section 3 of this Constitution and Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Initiating the Procedure.** A member, benefit certificate owner, beneficiary, payor, or WoodmenLife seeking to initiate the dispute resolution procedure of this Section 2 shall contact the designated Dispute Resolution

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Official of WoodmenLife, who shall assist the member, benefit certificate owner, beneficiary, payor, or WoodmenLife in requesting and arranging for the following dispute resolution steps:

Step 1. **Informal negotiation** arranged by the Dispute Resolution Official, involving the member, benefit certificate owner, beneficiary or payor, and officials of WoodmenLife as appropriate to the dispute.

Step 2. If step 1 does not result in a mutually satisfactory resolution, **mediation** administered by and in accordance with the applicable mediation rules of the American Arbitration Association (or another neutral organization or party mutually agreed upon. If either party to the dispute elects not to participate in mediation, then the parties will proceed to step 3.

Step 3. If step 2 does not result in a mutually satisfactory resolution, **arbitration** administered by and in accordance with the applicable arbitration rules of the American Arbitration Association (or another neutral organization or party mutually agreed upon. The arbitrator may award any and all damages, or other relief allowed for the claim in dispute by applicable federal or state law. Unless (and to the extent) prohibited by the applicable law with respect to the issue in dispute, the decision of the arbitrator shall be final and binding, subject only to the right to appeal such decision by applicable state and/or federal law. In no event shall an appeal be taken in or through the American Arbitration Association or under any rules providing for such appeals by any other neutral or neutral third party organization. The member, benefit certificate owner, beneficiary, or payor shall have the right to consult with legal counsel of his or her choosing at any time and, throughout steps 2 and 3, shall have the right to be directly represented by legal counsel, shall have reasonable access to and discovery of relevant information, and shall have reasonable notice of the dates and times of the mediation and/or arbitration meetings. Any costs for representation by legal counsel shall be borne by the member, benefit certificate owner, beneficiary, or payor. Every reasonable effort shall be made to complete step 1 within thirty days of the date the notice of dispute is received from the member, benefit certificate owner, beneficiary, or payor; step 2 within an additional forty-five days; and step 3 within an additional ninety days. These timelines are intended as a guideline only, and failure to complete any step within the aforementioned time periods will not invalidate the process or the continuation of the process. It is in everyone's best interest to raise and resolve disputes promptly; WoodmenLife shall not be obligated to process a dispute brought after the applicable statute of limitations period has expired. All mediation and arbitration meetings/hearings shall be conducted at a location convenient to the parties in the member's, benefit certificate owner's, beneficiary's, or payor's state of residence, unless the parties mutually agree on another location.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Rules and Procedures.** WoodmenLife has established rules and procedures for handling all matters submitted under each step in the Dispute Resolution Procedure. Those rules and procedures are incorporated by this reference and may be modified from time to time by WoodmenLife.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) **Restriction on Joinder of Disputes.** The procedures of this Section 2 are designed to afford individual members, benefit certificate owners, beneficiaries, payors, and WoodmenLife or any former or current member of the National Board of Directors, officers, employees, Representatives, associates, or agents of same, or any subordinate body or affiliate of WoodmenLife, a prompt, fair and efficient means of resolving their individual disputes. Accordingly, no disputes may be brought forward in a representative capacity or on behalf of any "class" of persons, and the disputes of multiple members, benefit certificate owners, beneficiaries, or payors (other than immediate family, which shall be defined as the spouse of any member, benefit certificate owner, beneficiary, or payor filing a claim and any dependent children currently residing in the same home) may not be joined together for purposes of these procedures without the express written consent of (i) all members, benefit certificate owners, beneficiaries, and payors affected thereby, and (ii) the President & CEO of WoodmenLife.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) **Costs.** The costs incurred by the member/benefit certificate owner/beneficiary/payor and WoodmenLife in proceedings under this Section 2 are limited to the fees of mediators or arbitrators and filing fees, which shall be paid out of a Dispute Resolution Fund established by WoodmenLife. Each party shall pay its own attorneys' fees and all associated costs. Because all decisions made by any arbitrator are final and binding on all parties, WoodmenLife shall not be obligated to pay any costs associated with or incurred by any member/benefit certificate owner/beneficiary or payor who attempts to appeal any final decision of any arbitrator, whether such attempt is made through appeal to the state or federal courts or through any neutral or neutral third party organization. Any and all such costs shall be borne solely by the member/beneficiary/certificate owner or payor who attempts such appeal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) **Effect of Applicable Law.** In cases where a claim or dispute is subject to law which prohibits agreements to submit future disputes to binding arbitration and where such law is applicable and not preempted by any contrary law, then unless both the individual (member, benefit certificate owner, beneficiary, or payor) and WoodmenLife have voluntarily agreed to binding arbitration after the claim or dispute has arisen, step 3 of the procedure set forth above shall be nonbinding, and the member, benefit certificate owner, beneficiary or payor will be so advised. In all other cases, step 3 of the procedure set forth above shall be binding.

**Sec. 3. Resolution of Disputes of Security Holders.** Any dispute regarding a security owned by a public and/or institutional customer shall be governed by the terms and conditions of Woodmen Financial Services, Inc.'s Customer Agreement and Pre-Dispute Arbitration Agreement.

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**ARTICLE 8** 

**Judiciary Committee and Appeals Thereto** 

**Jurisdiction and Powers.** The Judiciary Committee shall have appellate de novo jurisdiction, based on the written record only, in all cases where the alleged offender is found guilty of violating any provision of this Constitution and Laws, provided an appeal is taken as provided in Article 7, Section 1 of this Constitution and Laws, within thirty days after written notice is received by the person found guilty, setting forth the grounds, together with the record, or that part thereof, upon which the appeal is based and the same is filed with the Secretary of WoodmenLife. The Secretary of WoodmenLife, or designee thereof, shall forward the appeal, together with the record of said proceedings, to the Secretary of the Judiciary Committee. The committee shall meet prior to each regular session of the National Convention when any such appeal is pending, at which time it shall consider all such appeals and render a written decision thereon, which shall be reported by the Chair to the National Convention, which may affirm or reverse the decision in whole or in part. The Judiciary Committee may allow arguments by the appellant and respondent, or any attorney on their behalf, during the consideration of any appeal.

**ARTICLE 9** 

**Amendments and Other** 

**Matters** 

**Sec. 1. Modes of Amending.** This Constitution and Laws may be altered or amended at any session of the National Convention by two-thirds vote of the National Convention Representatives constituting the same or any meeting of the National Board of Directors by a two-thirds vote of the members thereof or otherwise the same shall be rejected.

**Sec. 2. Amendment Proposals.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Duties of the Governance Committee of the National Board of Directors.** The Governance Committee of the National Board of Directors may recommend and/or review proposals for amending WoodmenLife's Articles, Constitution and Laws and such recommendations, if any, shall be submitted to the National Board of Directors for consideration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Duties of General Counsel.** WoodmenLife's General Counsel or his designee(s) shall consider all proposals for amending the Constitution and Laws as may be submitted to him from any National Director and the General Counsel shall submit such proposal along with his analysis, if any, to the National Board of Directors. WoodmenLife's General Counsel or his designee shall further consider all proposals for amending the Constitution and Laws from any of the Jurisdictional Conventions and/or the National Convention Officers that were submitted to the General Counsel at least sixty days prior to the National Convention, and he shall present his recommendations, if any, to the, Legislation Committee in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Duties of Legislation Committee.** The President & CEO of WoodmenLife shall establish a time and place for the Legislation Committee to meet prior to each regular session of the National Convention. The Committee shall consider all proposals for amending this Constitution and Laws as may be submitted to it from the General Counsel pursuant to Article 9, Section 2(b) of this Constitution and Laws. The Committee shall submit in writing its recommendations, if any, to the next regular session of the National Convention for consideration by the National Convention Representatives.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Two-Thirds Vote Required to Adopt.** The recommendations of the Legislation Committee, if any, shall be submitted to the next regular session of the National Convention which may adopt same only by a two-thirds vote of all National Convention Representatives, or otherwise the same shall be rejected.

**Sec. 3. Power to Correct Typographical Errors.** The National Convention directs the Executive Officers of WoodmenLife to correct typographical errors that might appear in the foregoing Constitution and Laws and to renumber the Articles, Sections, subsections, and/or subparagraphs in codifying the same so as to place them in proper order but without changing the context, intent and purpose thereof.

Should any Article, Section, or part of this Constitution and Laws be held invalid for any reason whatsoever by any court of competent jurisdiction, such holding shall not affect the remainder or any part thereof.

**Sec. 4. Masculine Includes Feminine and Plural the Singular.** Whenever in this Constitution and Laws and attachments thereto the masculine pronoun is used, it shall be deemed to include the feminine. Whenever any word or words denoting the singular number is used, it shall be deemed to include the plural, and vice versa; provided, however, the context thereof does not clearly prohibit such interpretation.

**Sec. 5. Effective Date of This Constitution and Laws.** This Constitution and Laws and attachments thereto, as amended and adopted by a regularly scheduled meeting of WoodmenLife's National Board of Directors and effective October 10, 2025, shall be in full force and effect on and after October 10, 2025 and shall apply to all benefit certificates of membership issued or assumed by WoodmenLife.

**Sec. 6. Parliamentary Authority.** For all matters of procedure before the National Convention, the National Board of Directors and subordinate bodies, the most currently available edition of *Robert's Rules of Order* shall be the parliamentary authority unless specifically covered in this Constitution and Laws or by specific rules of procedure adopted by the National Board of Directors.

**Sec. 7. Official Publication.** WoodmenLife maintains an official publication in which it may provide information of general interest to membership, including member stories, news on fraternal events, and chapter information, as well as certain legally required notices, reports, and statements. The official publication shall be published in such form and at such intervals as the National Board of Directors may determine. Each member agrees that the official publication may be published solely in electronic form.

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**CHAPTER BYLAWS** 

**The following Bylaws are prescribed for the Governance of WoodmenLife chapters. The term "chapters" shall include those subordinate bodies described in Article 8 of WoodmenLife's Articles of Incorporation. The blank spaces should be filled, not inconsistent with the Constitution and Laws of WoodmenLife, and may be adopted by chapters subject to the approval of the President & CEO of WoodmenLife. Any language in parentheses () is optional and may or may not be incorporated into the Bylaws of a Chapter.** 

**ARTICLE 1** 

**Name and Purpose** 

**Sec. 1. Name.** The name of this chapter shall be<u> </u>Chapter No. (If chapter), located in<u> </u>, State of<u> </u>.

**Sec. 2. Members.** This chapter shall be composed of its adult and youth members.

**Sec. 3. Purposes.** This chapter is a subordinate body of Woodmen of the World Life Insurance Society ("WoodmenLife"), a fraternal benefit society that exists for the exclusive benefit of its members and operates under a lodge system based on local chapters. The chapter serves four essential purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The chapter and its members form a part of the system that is the foundation through which WoodmenLife's representative form of government is structured and operates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The chapter represents WoodmenLife in the community by fostering and communicating WoodmenLife's:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Common Bond:** As members of WoodmenLife, we share a commitment to family, community and country. Through a commitment to family, we become more dedicated family members. Through volunteerism, we strive to be better friends and neighbors. Through our patriotic allegiance, we pledge to be better and more dedicated citizens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Mission:** Uniting hardworking Americans to secure their financial future while strengthening our communities and country.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Values:** At WoodmenLife, we value:

◆ *PASSION FOR MEMBERS:* We act in the best interest of our members at all times, providing them with support and superior service. We own our actions and strive to make a difference for our members and their communities. We operate with speed, integrity and commitment.

◆ *SERVICE TO OTHERS:* ****We care deeply about our communities and our country.

We give back to our members and the places they call home. We are there for people when they need us most.

◆ *INCLUSION:* We value our differences and respect what each of us brings to the table. We are committed to providing opportunities for growth, leadership and service to all.

◆ *COLLABORATIVE SPIRIT:* We drive results through collaboration and teamwork. We share a commitment to our goals and to each other throughout every level of the organization. We speak openly and have the courage to address issues to arrive at the best results for our members and our associates.

◆ *OPEN-MINDEDNESS:* We are open to new ideas and improved ways of doing things. We are solution-oriented and future- focused. We embrace innovation in our pursuit of growth.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The chapter develops and implements plans and initiatives (with specific action items and timelines) to engage in and support community outreach and fraternal activity consistent with WoodmenLife's Common Bond, Mission and Values; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The chapter partners with all of WoodmenLife's associates, community organizations and community leaders to support community outreach and fraternal activity, increase membership and promote WoodmenLife's insurance and financial services products.

**ARTICLE 2** 

**Officers, Election and Installation** 

**Sec. 1. Officers and Their Duties.** The chapter shall have the following mandatory officers: President, Secretary, Treasurer, and Auditor. The chapter may also have the following officers: Past President; Vice President; additional Auditors; Vice President, Community Outreach; Vice President, Youth Outreach; Vice President, Membership; and Vice President, Publicity. Officers shall be elected and serve for one year and until their successors are elected and qualified. The Past President shall attain his/her office by virtue of having previously served as President.

Chapter officers, and their successors in office, shall safeguard the legal title to all property, real, personal and mixed belonging to the chapter. They shall have charge of the securities and all other evidence of property belonging to the chapter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **President.** The President shall preside at all meetings of the chapter; facilitate developing and implementing a plan for the chapter to carry out the purposes noted in Article 1, Section 3 of the Bylaws; approve all expenses of the chapter ; sign all checks or warrants before payment is made; keep and preserve all property belonging to WoodmenLife and entrusted to his care; instruct all chapter officers in their duties (including the assigning of duties) and see that the duties are timely performed; and fill vacancies in an office by appointment until an election is held.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Secretary.** The Secretary shall have charge of the records of the chapter and keep the minutes of its meetings; attend to chapter correspondence; serve as the contact person with the Home Office through the Fraternal Portal (for all electronic communications); issue all requests for approval of expenses incurred by the chapter; deliver all books and records to the officers of WoodmenLife and/or their representatives when called upon to do so; provide notification to the Treasurer as to the funds deposited into the proper designated account of the chapter by WoodmenLife; receive all other payments due the chapter and immediately turn them over to the Treasurer; make a monthly statement to the chapter of all funds received on its behalf; notify the Secretary of WoodmenLife immediately of all transfers and expulsions of members; make all reports and deliver all notices required by the National Board of Directors and/or the President & CEO of WoodmenLife; and promptly notify WoodmenLife, after each election, of the roster of all newly elected officers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Treasurer.** The Treasurer shall verify the deposit of funds into the appropriate chapter account; shall receive all other chapter funds from the Secretary thereof; shall pay all expenses as approved by the Secretary and attested by the President; shall keep a separate account or record of the different funds received by him/her and deposit them in a secure depository designated by, and to the sole credit of, the chapter; shall report to the chapter annually the activities of the office during the preceding year; and shall perform all other duties required as assigned by the President of the chapter. NOTE: The Treasurer shall not pay out, or contract to pay out, any sum of money, except for current expenses, unless there has been full compliance with the provisions of Article 4, Section 1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Auditor.** The Auditor shall investigate all loans and investments, audit all reports, books and accounts of the chapter at the end of every year, and make a report at the first meeting of the chapter in January of each year. More frequent audits may be conducted at the request of the chapter's President or Secretary or upon the request of the President & CEO of WoodmenLife or his designee.

**(Optional Officers)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) **Past President.** The Past President shall install all incoming officers and shall support such officers in their work toward advancing the common bond and mission of WoodmenLife. In the event the President and Vice President are unable to assume the responsibilities of the office of President, the Past President shall assume those duties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) **Vice President.** The Vice President shall assist the President by assuming responsibility for programs, projects, initiatives, or other assignments that may be made by the President and, in the absence of the President, shall assume his/her duties. The Vice President shall also be responsible for community outreach initiatives that generate new members, the orientation of new members and maintaining a high level of member participation in Chapter events and activities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) **Additional Auditors.** The chapter may elect up to two (2) additional Auditors. If the chapter elects multiple Auditors, the chapter shall elect of the Auditors as the chairperson thereof.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) **Vice President, Community Outreach.** The Vice President, Community Outreach shall coordinate community outreach activities and events as scheduled (on the chapter calendar) with the members/committees responsible for organizing each such activity or event. The Vice President, Community Outreach should also, along with the efforts of the President and other chapter officers, develop/maintain positive relationships between the chapter and various community partners. The Vice President, Community Outreach should participate in the annual calendar planning session to help set the schedule for future community outreach activities and events.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) **Vice President, Youth Outreach.** The Vice President, Youth Outreach shall coordinate youth activities and events as scheduled (on the chapter calendar) with the members/committees responsible for organizing each such activity or event. The Vice President, Youth Outreach should also develop/maintain positive relationships between the chapter and various youth organizations. The Vice President, Youth Outreach should participate in the annual calendar planning session to help set the schedule for youth activities and events.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) **Vice President, Membership.** The Vice President, Membership shall coordinate new member outreach activities and events as scheduled (on the chapter calendar) and encourage members to attend these new member activities and events (including meetings and social functions). The Vice President, Membership is also responsible for introducing new members to others from the chapter and coordinating with any and all of WoodmenLife's associates to develop referral lists and make introductions of prospective members.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) **Vice President, Publicity.** The Vice President, Publicity shall coordinate with the Chapter President and other officers, chapter committees and the Home Office to publicize local chapter activities and events. This officer should also work closely with WoodmenLife's Sales associates to bring awareness of WoodmenLife in the community.

**Sec. 2. Election and Installation of Officers.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Chapter officers shall be elected by a majority ballot of all members present during a regular or special meeting in August, September, October, November, or December of each year. The officers so elected or appointed shall be installed on or before the first meeting the following January. No person may serve as President, Secretary, Treasurer, or Auditor and another office at the same time. If an office holder accepts appointment or election to the office of President, Secretary, Treasurer, or Auditor, he/she shall automatically vacate the first office held.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The outgoing President shall be the installing officer or shall appoint another member to perform that duty or the chapter may do so. All chapter officers may be jointly or severally installed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) It shall be the duty of the Secretary of every chapter to verify that only qualified members are elected and installed as officers and as Jurisdictional Convention Delegates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Whenever any officer-elect of any chapter shall not be present at the time set forth for installation, unless excused by a two-thirds vote of those present, his/her office

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shall be declared vacant and an election held to fill the vacancy. Should such officer-elect be excused, as herein provided, he/she shall be installed at the next regular meeting and should he/she fail to do so, his/her office shall be declared vacant and an election held to fill the vacancy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) If charges are proffered against the President, he/she shall stand suspended and, if there is a sitting Vice President, the Vice President shall assume the office until the charges are determined by the chapter. If there is no sitting Vice President, the chapter shall, at the next regular meeting following the charges, elect one of the existing chapter officers in the same manner it elects other officers of the chapter to assume the office until the charges are determined by the chapter. If charges are filed against any other officer, the President shall appoint another member to perform the duties of the officer charged until the charges are determined. If determined adversely to such officer, the office shall stand vacated and the chapter shall immediately fill same by election.

**Sec. 3. Qualifications of Officer.** Any chapter member over the age of sixteen who is in good standing may be qualified as an officer of the chapter, except that no member who is, becomes during his/her tenure in office, or has been within the year immediately preceding, an officer of, an agent of, employed by, independently contracted with or in any other manner associated with, including becoming a holder of a position of trust with, another fraternal benefit society or life-insuring institution, may serve as an officer of the chapter or a Jurisdictional Convention Delegate.

If an officer becomes an officer of, an agent of, employed by, independently contracted with, or in any other manner associated with, including becoming a holder of a position of trust with, another fraternal benefit society or life-insuring institution during his/her tenure in office, his/her position shall immediately become vacant and the President shall appoint an individual to fill such office until the next election.

**Sec. 4. Consecutive Terms.** In order to offer greater opportunity for service by all, and especially to new members of WoodmenLife, no elected officer other than the Secretary and Treasurer of the chapter shall serve more than two consecutive terms in the same office, unless there are special reasons for making an exception to the rule. Whether to make an exception shall be determined by a two-thirds vote of the members present after one meeting's written notice shall have been given. The exception must also be submitted to and approved by the President & CEO of WoodmenLife or his/her designee.

**Sec. 5. Duty to Assist All Sales Associates.** All Chapter officers and members shall cooperate and aid authorized WoodmenLife Sales associates and Regional Directors in securing increased membership and retaining members. Members working counter to this purpose and/or counter to the mission and common bond of WoodmenLife shall stand suspended from the chapter and may not participate in any of the business or social affairs of the chapter, Jurisdiction or National Convention. "Working counter to this purpose" includes, but is not limited to, becoming an officer of, an agent of, employed by, independently contracted with, or in any

other manner, including selling or promoting products of or becoming a holder of a position of trust with, another fraternal benefit society or life-insuring institution, unless such sales or activity is permitted by WoodmenLife.

**Sec. 6. Duties at End of Term of Office.** Every Chapter officer shall, at the expiration of his/her term of office, deliver to the successor in office all funds, securities, property, records, vouchers, seal, and papers of every kind pertaining to the affairs of their Chapter or members attached thereto.

**Sec. 7. Absence.** Absence of the most recent Past President, if applicable, or of any elective officer from three consecutive meetings, unless excused for reasonable cause by a majority vote, will be considered on the fourth or any subsequent meeting as equivalent to the resignation of said officer, and the President may order a new election to fill the vacancy. No affirmative action by the chapter is required prior to the calling of a new election by the President. Such election may be called and held during the fourth meeting from which the officer in question is absent.

**Sec. 8. Removal.** Removal from office of any chapter officer shall automatically occur when any officer is found to have violated any insurance statute or regulation, any securities regulation or any federal or state criminal law that would preclude employment or contracting with WoodmenLife, or who becomes, or has been within the year immediately preceding, an officer of, or holder of a position of trust with, another fraternal benefit society or life-insuring institution. Removal from office of any chapter officer also may be made after one meeting's notice, upon the complaint of a member and a vote of two-thirds of the members present, provided that there shall be at least twelve members in attendance and the accused officer shall have been notified in writing by the Chapter Secretary to appear and show cause why he/she should not be removed. In the event the accused officer is the Chapter Secretary, such notice shall be given by the Chapter President

**Sec. 9. Vacancies.** The President of the chapter shall have the right to appoint an officer to fill a vacancy until such time as the chapter shall elect a new officer. Should the office of President become vacant, the Vice President shall assume that office and shall appoint an individual to fill the vacated office of Vice President. If there is no sitting Vice President, the chapter shall, at the next regular meeting following the date on which the office of President becomes vacant, elect a President to serve the remainder of the term in the same manner it elects other officers of the chapter.

**Sec. 10. Compensation.** No compensation shall be paid officers of the chapter. However, nothing in these Bylaws shall preclude the payment of reasonable expenses incurred in the legitimate conduct of Chapter business.

**ARTICLE 3** 

**Membership, Equal Access, Meetings and Quorum Requirements** 

**Sec. 1. Membership.** The chapter shall accept members in accordance with WoodmenLife's Constitution and Laws.

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**Sec. 2. Transfer of Membership.** A member may transfer membership to another chapter by submitting a transfer card to the Home Office. Transfer cards shall be issued in accordance with WoodmenLife's Constitution and Laws.

**Sec. 3. Equal Access.** The chapter shall implement and enforce WoodmenLife's Equal Access Policy, which states: WoodmenLife is an equal access fraternal benefit society. It is the policy of WoodmenLife to seek qualified members on a nondiscriminatory basis and to provide all members with equal access to and allow their participation in WoodmenLife's lodge system based on chapters, chapter events, customer benefits and all other fraternal activities on a nondiscriminatory basis.

**Sec. 4. Regular Meetings.** Chapters shall schedule regular meetings on such dates, times and places as decided by them, as required by law, and in conformity with WoodmenLife's chapter calendar guidelines. Failure to hold meetings as required under this provision for a period of one year may result in the following: suspension of the chapter charter, consolidation with another chapter, forfeiture of funds remittance, or transfer of members to another chapter(s) by the President & CEO of WoodmenLife.

**Sec. 5. Special Meetings.** Special meetings of chapters may be called by the Chapter President or, in his/her absence, by the Vice President if there is a sitting Vice President, at any time, and shall be called when requested in writing to do so by at least three members. The call of any such special meeting must state the object of the meeting and be mailed by the Secretary to each member's last-known address at least ten days prior to the date of such meeting. No other business than that stated in the notice shall be considered at the special meeting.

**Sec. 6. Quorum.** Five members at a regular or special chapter meeting shall constitute a quorum. A fewer number may adjourn to another date.

**Sec. 7. Electronic Meetings.** Regular and special chapter meetings may be conducted electronically in the event of war, national emergency, or other circumstances as may justify such actions as determined by the President & CEO of WoodmenLife, in his or her sole discretion, and provided that electronic sessions shall utilize a means of communication by which the participants may simultaneously hear each other during the meeting.

**ARTICLE 4** 

**Chapter Funds, Property, Audits, and Bonds** 

**Sec. 1. Chapter Funds and Property.** Legal title to all property, real, personal and mixed, as well as securities, shall be held in the name of and owned by the chapter. The Treasurer shall not pay out, or contract to pay out, any sum of money, except for current expenses, and the chapter officers shall not purchase, acquire, sell, loan, lease, mortgage, encumber, or otherwise deal with any real or personal

property entrusted to their care, unless all of the following conditions are strictly complied with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) A written resolution is adopted by the chapter containing detailed instructions as to the property, the contents of which shall have been first communicated to every member thereof, together with a written notice mailed/transmitted at least ten days in advance informing the member as to the place and time the resolution will be offered for consideration. The resolution shall pass only if it receives the affirmative vote of two-thirds of the members present at the meeting referred to in the notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The resolution and a copy of the written notice must be submitted to the President & CEO and Secretary of WoodmenLife for approval of the action described in the resolution. If approved, the chapter shall appoint and authorize two chapter officers to execute any and all documents necessary to effectuate the transaction involving chapter assets, including real property. Any and all funds which shall come into the hands of the chapter officers as a result of any transactions involving chapter assets shall be paid over immediately by the chapter officers to the Treasurer of the chapter or credited to the proper account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Funds of the chapter not needed to meet current expenses shall be invested by the Treasurer. In dealing with the funds and property of the chapter, the chapter officers and Treasurer shall observe the standards in dealing with the assets that would be observed by a "prudent person" dealing with the property of another, with a focus upon preservation of capital rather than upon income or gain, and if the chapter officer has special skills, or is named chapter officer on the basis or representations of special skills or expertise, he/she is under a duty to use those skills. WoodmenLife's National Board of Directors can, by resolution, give further guidance as to investments that would be appropriate for the funds of a chapter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) In no event shall any Chapter divide or distribute funds, or any part thereof, among its members. However, nothing in these Bylaws shall preclude monetary donations to members facing extreme hardship or illness. Such distributions shall be brought to the membership during a regular or special meeting and be voted on by a majority of members present.

**Sec. 2. General Fund.** The general fund shall be used for the payment of the necessary expenses of conducting the business of the chapter and for such other purposes as may be provided by the Bylaws of the chapter. The general fund of the chapter shall be used only for the purpose of promoting the welfare of the chapter and for the perpetuation of the chapter as an organization, and its property shall never be divided among its members.

**Sec. 3. Auditing Committee.** Each Secretary and Treasurer shall have his/her books current and his/her report made out noting the balance of each fund on the last day of December, and the Auditor shall examine the books, vouchers and reports, and give a report at the first regular meeting in the following February.

**Sec.4. Bonds of Officers.** WoodmenLife's National Board of Directors and/or members of a chapter may require such officers of chapters to furnish a bond to insure the faithful

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performance of their duties, the same to be in such forms and sums as they shall determine. Bonds required by the National Board of Directors shall be paid for by WoodmenLife and those required by the chapter shall be paid for by the chapter. A blanket bond, instead of individual bonds, may be authorized.

**Sec. 5. Political Contributions.** Chapters shall not contribute or donate chapter funds to any federal, state, or local election; political committee; or citizen initiative or referendum.

**ARTICLE 5** 

**Disputes and Grievances.** Any disputes or grievances involving a member or a chapter shall be resolved pursuant to the procedures set forth in Article 7, Section 1 of WoodmenLife's Constitution and Laws and such other procedures as may be established by WoodmenLife's National Board of Directors for handling such disputes or grievances.

**ARTICLE 6** 

**Amendments.** These Bylaws may be amended from time to time by the National Convention or by the National Board of Directors of WoodmenLife.

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**JURISDICTIONAL BYLAWS** 

**(The following are rules which prescribe the governance of Jurisdictions of WoodmenLife and should be adopted as provisions of the Bylaws of the Jurisdiction.)** 

**ARTICLE 1** 

**Established Jurisdictions and Purposes** 

**Sec. 1. Established Jurisdictions.** The territory in which the Woodmen of the World Life Insurance Society ("WoodmenLife") is authorized to do business shall be divided into units known as Jurisdictions, and the same shall be named to reflect the geographic location in which they are organized. The specific Jurisdictions shall be as described in these Bylaws, in the attached List of Jurisdictions, and the same may be amended at any time or from time to time as deemed by the National Board of Directors of WoodmenLife to be in the best interests of WoodmenLife and/or each Jurisdiction.

**Sec. 2. Purposes.** Jurisdictions are subordinate bodies of WoodmenLife. WoodmenLife is a fraternal benefit society that exists for the exclusive benefit of its members and operates under a lodge system based on chapters. This Jurisdiction serves the following essential purposes:

(1) The Jurisdiction and its members form a part of the system that is the foundation through which WoodmenLife's representative form of government is structured and operates;

(2) The Jurisdiction represents WoodmenLife in its respective geographic area by fostering and communicating WoodmenLife's:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Common Bond** – As members of WoodmenLife, we share a commitment to family, community and country. Through a commitment to family, we become more dedicated family members. Through volunteerism, we strive to be better friends and neighbors. Through our patriotic allegiance, we pledge to be better and more dedicated citizens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Mission:** Uniting hardworking Americans to secure their financial future while strengthening our communities and country.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Values:** At WoodmenLife, we value:

◆ *PASSION FOR MEMBERS:* We act in the best interest of our members at all times, providing them with support and superior service. We own our actions and strive to make a difference for our members and their communities. We operate with speed, integrity and commitment.

◆ *SERVICE TO OTHERS:* ****We care deeply about our communities and our country. We give back to our members and the places they call home. We are there for people when they need us most.

◆ *INCLUSION:* We value our differences and respect what each of us brings to the table. We are committed to providing opportunities for growth, leadership and service to all.

◆ *COLLABORATIVE SPIRIT:* We drive results through collaboration and teamwork. We share a commitment to our goals and to each other throughout

every level of the organization. We speak openly and have the courage to address issues to arrive at the best results for our members and our associates.

◆ *OPEN-MINDEDNESS:* We are open to new ideas and improved ways of doing things. We are solution-oriented and future-focused. We embrace innovation in our pursuit of growth.

**ARTICLE 2** 

**Membership** 

**Sec. 1. Composition.** Each Jurisdictional Convention shall be comprised of its Jurisdictional Convention Representatives, which consists of its Jurisdictional Convention Officers, its National Convention Delegates to the last regular session of the National Convention, members of National Committees residing in the Jurisdiction, and the following, each of whom shall be a Good-Standing Benefit Member of a chapter located in the Jurisdiction: Past Jurisdictional Convention Presidents, Jurisdictional Convention Delegates from chapters located therein, Fraternal Service Committee members and the Regional Director from each state or division thereof within the Jurisdiction.

**Sec. 2. Jurisdictional Convention Representatives Leaving the Jurisdiction.** Jurisdictional Convention Representatives relocating outside the Jurisdiction shall be considered to have voluntarily resigned their representation in the Jurisdiction. In the event a Jurisdictional Convention Delegate relocates or is not a Good-Standing Benefit Member of a chapter located in the Jurisdiction, the Alternate Jurisdictional Convention Delegate elected by the chapter from which the resigning member was elected shall take over his/her representation. In the case of a Jurisdictional Convention Officer, the President of the Jurisdiction shall appoint a replacement until the vacancy is filled under the election procedure described in Article 3, Section 11(a) of these Bylaws.

**Sec. 3. Duty to Assist All Sales Associates.** All Jurisdictional Convention Representatives shall cooperate and aid authorized WoodmenLife Sales associates and Regional Directors in securing increased membership and retaining members. Jurisdictional Convention Representatives working counter to this purpose and/or counter to the mission and vision of WoodmenLife shall stand suspended from the Jurisdiction and may not participate in any of the business or social affairs of the Jurisdictional Convention or National Convention. "Working counter to this purpose" includes, but is not limited to, becoming an agent of, employed by or independently contracted with, or in any other manner, including selling or promoting products of or becoming a holder of a position of trust with, another fraternal benefit society or life-insuring institution, unless such sales activity and products are permitted by WoodmenLife

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**ARTICLE 3** 

**Officers, Election and Installation** 

**Sec. 1. Jurisdictional Convention Officers and Their Duties.** The Jurisdictional Convention Officers shall be the following: President, Immediate Past President, Vice President, Secretary, Treasurer, and a minimum of three and maximum of five Auditors. The Jurisdiction may also have the following optional officers: Vice President, Community Outreach; Vice President, Youth Outreach; Vice President, Membership; and Vice President, Publicity. Jurisdictional Convention Officers shall be elected and serve for four years and until their successors are elected and qualified. The Past President shall attain his/her office by virtue of having previously served as President.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Past President.** The Immediate Past President shall support the Jurisdictional Convention Officers in their work toward advancing the mission and vision of WoodmenLife. In the event the President and Vice President are unable to assume the responsibilities of the office of President, the immediate Past President shall assume those duties until the vacancies are filled under the election procedure described in Article 3, Section 3 of these Bylaws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **President.** The President shall preside at all sessions of the Jurisdictional Convention; be the judge of elections and declare the results thereof; except as otherwise set forth in these Bylaws, appoint all committees necessary to expedite the business of the Jurisdictional Convention; fill vacancies in offices by appointment until an election is held under the election procedure described in Article 3, Section 3 of these Bylaws; sign all documents issued by order of the Jurisdictional Convention; cooperate with the President & CEO of WoodmenLife to further the interests of WoodmenLife within the geographic area of the Jurisdiction; make a report to every session pertaining to the business of the Jurisdiction, together with such recommendations as he/she may deem advisable; and perform such other duties as may be required by WoodmenLife's Constitution and Laws or these Bylaws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Vice President.** The Vice President shall assist the President by assuming responsibility for programs, projects, initiatives, or other assignments that may be made by the President and, in the absence of the President, shall assume his/her duties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Secretary.** The Secretary shall have charge of the records of the Jurisdiction and keep the minutes of its meetings; attend to Jurisdictional correspondence; receive all funds due the Jurisdiction and pay the same immediately to the Treasurer; and perform such other duties as may be required by the Jurisdiction or by the President & CEO of WoodmenLife. The Secretary shall also, within ten days after the adjournment of every session of the Jurisdiction, forward to the Secretary of WoodmenLife a copy of the recorded proceedings of the Jurisdiction, duly signed by the Secretary and the President of the Jurisdiction, together with a duplicate certificate of the Jurisdictional Convention Representatives thereof elected to all offices, including National Convention Delegates and their alternates when appropriate, and a copy of all resolutions and recommendations adopted by the Jurisdictional Convention.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) **Treasurer.** The Treasurer shall be the custodian of the funds of the Jurisdiction, which shall be deposited into a secure depository designated by, and to the sole credit of, the Jurisdiction; shall pay all expenses as approved by the Secretary and attested by the President; shall keep a correct record and complete account of all receipts and disbursements; and shall make a detailed report to each session of the Jurisdictional Convention regarding his/her transactions and furnish a copy thereof to the President, Secretary and Chairperson of Auditors of the Jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) **Auditors.** The Auditors of the Jurisdiction and their successors in office shall examine all claims upon the Jurisdiction; audit the books of the Secretary and Treasurer at each regular session of the Jurisdictional Convention; and make a full report thereon to the Jurisdictional Convention, copies of which they shall furnish to the President, Secretary and Treasurer of the Jurisdiction. Jurisdictional Conventions shall elect one of the Auditors as Chairperson

**(Optional Officers)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) **Vice President, Community Outreach.** The Vice President, Community Outreach shall monitor the community outreach activities and events as scheduled by the chapters within the Jurisdiction and assist in coordinating such activities and events if conducted by the Jurisdiction with the Jurisdictional Convention Representatives/ committees responsible for organizing such activities or events. The Vice President, Community Outreach should also encourage the chapters in the Jurisdiction to develop/maintain positive relationships with community partners and conduct an annual calendar planning session for each chapter to set the schedule for future community outreach activities and events.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) **Vice President, Youth Outreach.** The Vice President, Youth Outreach shall monitor youth activities and events as scheduled by the chapters in the Jurisdiction as well as assist in coordinating such activities and events if conducted by the Jurisdiction. The Vice President, Youth Outreach should also encourage the chapters within the Jurisdiction to develop/maintain positive relationships with various youth organizations and participate in an annual calendar planning session for each chapter to schedule youth activities and events.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) **Vice President, Membership.** The Vice President, Membership shall monitor new member outreach activities and events as scheduled by chapters and shall encourage members to attend these new member outreach activities and events. The Vice President, Membership should also encourage chapters to introduce new members and coordinate with WoodmenLife's Sales associates to develop referral lists and invite prospective members to chapter activities and social events.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) **Vice President, Publicity.** The Vice President, Publicity shall coordinate with the Jurisdictional President and other Jurisdictional Convention Officers, Jurisdictional committees and the Home Office to publicize activities and events within the Jurisdiction. This officer should also work closely with chapters within the Jurisdiction and WoodmenLife's Sales associates to bring greater awareness of WoodmenLife within the geographic area of the Jurisdiction.

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**Sec. 2. Jurisdictional Fraternal Committee, Election, Term of Office, Report to the Jurisdiction; Vacancy.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Jurisdictional Fraternal Committee shall be composed of a chairperson and not fewer than two or more than four additional members and shall be elected by each Jurisdiction in the same manner and for the same term as the officers of the Jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The members of the Jurisdictional Fraternal Committee shall be members of the Jurisdictional Convention with all rights and privileges of any other member.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The committee shall have the responsibility of promoting fraternalism within the Jurisdiction and of preparing reports and making recommendations concerning the advancement of WoodmenLife's fraternal endeavors. The committee shall coordinate the Jurisdictional Fraternal Program with the National Program through the Office of the Secretary of WoodmenLife, and the committee chairperson shall make a report to each session of the Jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Any vacancy existing on the committee may be filled by the Jurisdictional President.

**Sec. 3. Election and Installation of Jurisdictional Convention Officers.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) A procedure for nominating a Jurisdictional Convention Representative to serve as a Jurisdictional Convention Officer shall be established by the Jurisdiction and may involve nominating such Jurisdictional Convention Representatives through a nominating committee or nominations made from the floor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Once the report of the nominating committee is accepted and no additional nominations are received or, in the case of nominations from the floor, all nominations are received and the process is closed, Jurisdictional Convention Officers shall be elected by a majority of all Jurisdictional Convention Representatives present at each quadrennial session of the Jurisdiction. The Jurisdictional Convention Officers so elected shall be installed during the same meeting of the Jurisdiction in which they were elected.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any National Director who is present may preside at the installation of all incoming Jurisdictional Convention Officers. In the event that no National Director is present, the Immediate Past President shall preside at the installation or shall appoint any other Jurisdictional Convention Representative to perform that duty. All Jurisdictional Convention Officers may be jointly or severally installed.

**Sec. 4. Qualifications of Jurisdictional Convention Officers.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any Good-Standing Benefit Member of WoodmenLife who resides in the Jurisdiction and is a Jurisdictional Convention Representative as described in Article 2, Section 1 of these Bylaws is qualified to serve as a Jurisdictional Convention Officer, except that no such Jurisdictional Convention Representative who is, becomes during his/her tenure in office, or has been within the year immediately preceding, an agent of, employed by, independently contracted with, or in any other manner selling or promoting products of another fraternal benefit society or

life-insuring institution unless such sales and products are authorized by WoodmenLife, may serve as a Jurisdictional Convention Officer or a National Convention Representative. If a Jurisdictional Convention Representative becomes disqualified during his/her tenure in office, his/her position shall immediately become vacant and the Jurisdictional Convention President shall appoint an individual to fill such office until an election is held.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No person who has retired as an officer, member of the National Board of Directors, employee, or Sales Representative of WoodmenLife, and is drawing retirement or disability benefits from WoodmenLife, may be elected as the Jurisdictional President or as a National Convention Delegate or alternate thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No person, including an alternate National Convention Delegate, may serve in two Jurisdictional offices at the same time. If a Jurisdictional Convention Officer or National Convention Delegate accepts appointment to an additional office, he/she shall automatically vacate the first office held.

**Sec. 5. Officers to Report to the Jurisdictional Convention**. All Jurisdictional Convention Officers and National Convention Delegates shall make written report to the Jurisdictional Conventions, reporting their activities on behalf of WoodmenLife since assuming their offices.

**Sec. 6. National Convention Delegates and Alternates.** National Convention Delegates and alternates thereto shall be elected at all regular sessions of the Jurisdiction held in the same year as WoodmenLife's National Convention in the manner described in Article 3, Section 3 of these Bylaws.

**Sec. 7. Bonds of Jurisdictional Convention Officers.** WoodmenLife's National Board of Directors and/or Jurisdictional Convention Representatives may require certain Jurisdictional Convention Officers to furnish a bond to insure the faithful performance of their duties, the same to be in such forms and sums as they shall determine. Bonds required by the National Board of Directors shall be paid for by WoodmenLife, and those required by the Jurisdictional Convention Representatives shall be paid for by the Jurisdiction. A blanket bond, instead of individual bonds, may be authorized.

**Sec. 8. Consecutive Terms.** In order to offer greater opportunity for service by all, and especially to newer members of WoodmenLife, no elected Jurisdictional Convention Officer other than the Secretary or Treasurer shall serve consecutive terms in the same office, unless there are special reasons for making an exception to the rule. Whether to make an exception shall be determined by a two- thirds vote of the members present at either a regular or special meeting of the Jurisdiction.

**Sec. 9. Duties at End of Term of Office.** Every Jurisdictional Convention Officer shall, at the expiration of his/her term of office, deliver to the successor in office all funds, securities, property, records, vouchers, seals, and papers of every kind pertaining to the affairs of the Jurisdiction.

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**Sec. 10. Removal.** Removal from office of any Jurisdictional Convention Officer shall automatically occur when any Jurisdictional Convention Officer is found to have violated any insurance statute or regulation, any securities regulation or any federal or state criminal law that would preclude employment with WoodmenLife or who becomes, or has been within the year immediately preceding, an agent of, employed by, independently contracted with, or in any other manner sold or promoted products of another fraternal benefit society or life-insuring institution unless such sales and products are authorized by WoodmenLife. Removal from office of any Jurisdictional Convention Officer may also occur upon the complaint of any Jurisdictional Convention Representative to the President of the Jurisdiction after ten days' written notice by the Secretary to each Jurisdictional Convention Representative and a vote of two-thirds of the Jurisdictional Convention Representatives present at any regular meeting of the Jurisdiction or at a special meeting called for that purpose, provided that there shall be at least twelve Jurisdictional Convention Representatives in attendance and the accused Jurisdictional Convention Officer shall have been notified in writing by the Jurisdictional Secretary to appear and show cause why he/she should not be removed. If any Jurisdictional Convention Representative seeks to remove the Jurisdictional President from office, complaint shall be made to the Jurisdictional Vice President, who shall cause the Secretary to send the notices described above.

**Sec. 11. Vacancies.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The President of the Jurisdiction shall have the right to appoint a Jurisdictional Convention Officer to fill a vacancy until such time as the Jurisdictional Convention Officers shall elect a new officer. In the event the office of President should become vacant, either through removal, resignation or death, the Vice President shall assume the position of President and shall appoint a Jurisdictional Convention Officer to the office of Vice President until such time as the Jurisdictional Convention Officers shall elect a new Vice President. In the event that both the offices of President and Vice President shall become vacant at the same time, the Immediate Past Jurisdictional President shall serve in the office of President and shall appoint a Vice President, each of whom shall serve in such offices until such time as the election is held and the new Jurisdictional Convention Officers are installed. In the event the Immediate Past Jurisdictional President is unable to serve as Jurisdictional President, a preceding Past Jurisdictional President, in order of he/she who most recently served in such position, shall serve in his/her stead.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) When any Jurisdictional Convention Officer or National Convention Delegate from any Jurisdiction and/or his/her alternate moves from the geographic area of his/her Jurisdiction for any reason, his/her office and membership therein shall immediately become vacant, except in the case where he/she resides in an adjoining state and continues to be active in the Jurisdiction he/she represents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If the Chapter to which any Jurisdictional Convention Officer or National Convention Delegate from a Jurisdiction belongs shall have less than twenty members in good standing on December 31 immediately preceding the session of the Jurisdictional Convention, his/her office therein shall immediately become vacated, and all rights and privileges thereof shall cease.

**Sec. 12. Compensation.** No compensation shall be paid to the Jurisdictional Convention Officers. Nothing in these Bylaws, however, shall preclude the payment of reasonable expenses incurred in the legitimate conduct of Jurisdictional business.

**ARTICLE 4** 

**Equal Access, Meetings and Quorum Requirements** 

**Sec. 1. Equal Access.** The Jurisdiction shall implement and enforce WoodmenLife's Equal Access Policy, which states: WoodmenLife is an equal access fraternal benefit society. It is the policy of WoodmenLife to seek qualified members on a nondiscriminatory basis and to provide all members with equal access to and allow their participation in WoodmenLife's chapter system, chapter events, customer benefits and all other fraternal activities on a nondiscriminatory basis.

**Sec. 2. Sessions and Quorums of Jurisdictional Conventions.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Regular Sessions.** Regular sessions of Jurisdictional Conventions shall be held quadrennially. These regular sessions shall be held at such places within the geographic area of the Jurisdiction as the Jurisdictional Convention Officers shall determine, on such dates as the President & CEO of WoodmenLife shall approve, which shall not be earlier than the first Tuesday in March or later than the fourth Tuesday in May of the Jurisdictional meeting year. The Secretary of the Jurisdiction shall notify the Secretary of WoodmenLife of the place chosen for the next session of their Jurisdictional Convention not later than November 30 preceding any session thereof. Sessions of the Jurisdictional Convention may be postponed or conducted electronically in the event of war, national emergency, or other circumstances as may justify such actions as determined by the President & CEO of WoodmenLife, in his or her sole discretion, and provided that electronic sessions shall utilize a means of communication by which all Jurisdictional Convention Representatives participating may simultaneously hear each other during the session.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Special Sessions.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Special sessions of the Jurisdictional Convention may be called by the President of the Jurisdiction, at such times and places as he/she shall determine, whenever the President deems it necessary for the good of the Jurisdiction and shall be called whenever five Jurisdictional Convention Officers, in writing, request the same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Special sessions shall have all the authority and powers possessed by regular sessions and shall be composed of the Jurisdictional Convention Representatives who attended, or were entitled to attend, the last regular session of the Jurisdictional Convention.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Quorum.** A majority of the Jurisdictional Convention Representatives entitled to sit in any session of any Jurisdictional Convention shall constitute a quorum for the transaction of any business rightfully presented for action. A

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fewer number may adjourn to another date. A majority of any committee of any Jurisdictional Convention shall constitute a quorum for the transaction of any business rightfully presented for action. A fewer number may adjourn to another date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Order of Business.** The order of business at each regular or special session shall be determined by the Jurisdictional President and the Jurisdictional Convention Officers.

**Sec. 3. Meetings and Quorums of Jurisdictional Convention Officers.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Regular.** The Jurisdictional Convention Officers may hold regular meetings on such dates and at such places as may be determined by them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Special.** Special meetings of the Jurisdictional Convention Officers may be called by the President of the Jurisdiction, at such times and places as he/she shall determine, whenever the President deems it necessary for the good of the Jurisdiction and shall be called whenever five Jurisdictional Convention Officers, in writing, request the same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Quorum.** A majority of the Jurisdictional Convention Officers shall constitute a quorum at all meetings, but the affirmative vote of a majority of the Jurisdictional Convention Representatives qualified to vote on any matter shall be required to determine all issues rightfully before the Jurisdictional Convention Representatives. A fewer number may adjourn to another date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Order of Business.** The order of business at each regular or special meeting shall be determined by the Jurisdictional President and the Jurisdictional Convention Officers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) **Conduct.** Any meeting, regular or special, of the Jurisdictional Convention Officers may be conducted by telephone and/or video conference at the discretion of the President of the Jurisdiction. Furthermore, in the event a Jurisdictional Convention Officer is unable to appear in person at any meeting, regular or special, of the Jurisdictional Convention Officers, said Officer may appear via telephone and/or video conference at the discretion of the President of the Jurisdiction.

**Sec. 4. Prerogatives of the National Convention Officers.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) National Convention Officers shall be admitted to all sessions of the Jurisdictional meetings, with full authority to report and discuss any matter affecting WoodmenLife, but they shall have no voting rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Should the President or any other Jurisdiction Convention Representative proceed contrary to the laws of WoodmenLife, the highest-ranking National Convention Officer present shall have authority to assume the position and authority of the Jurisdictional President.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Should any Jurisdictional Convention Representative refuse to allow or prevent said National Convention Officer from assuming the position and authority of the Jurisdictional President, said Jurisdiction shall be denied representation in the National Convention.

**ARTICLE 5** 

**Jurisdiction Funds, Property and Audits** 

**Sec. 1. Jurisdictional Expenses.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Jurisdictions shall approve and pay those expenses associated with the Jurisdictional meetings and conducting the affairs of the Jurisdiction. As to reasonable expenses of Jurisdictional Convention Representatives or Jurisdictional Convention Officers, no claim shall be allowed by any Jurisdiction unless and until the same has been referred to, and approved by, the Treasurer or a committee of the Jurisdiction appointed for that purpose, and then only after such recommendation has been adopted, in whole or in part, by a vote of the Jurisdictional Convention Representatives.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any Past President not residing within the territory of the Jurisdiction shall be limited to travel expenses from the chapter within the Jurisdiction in which he/she holds a membership to the site of the Jurisdictional meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The reasonable expenses of Jurisdictional Convention Delegates to attend the Jurisdictional meetings, or any part of such expense, may be paid by the chapter represented by such Jurisdictional Convention Delegate.

**Sec. 2. Member Proration.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In addition to all other sums, WoodmenLife shall pay a member proration to help defray the costs of holding each regular meeting of the Jurisdiction. The amount of the member proration shall be established by the National Board of Directors for each and every Good-Standing Benefit Member credited to the subordinate bodies located within the geographic area of the Jurisdiction as shown on the records of the Secretary of WoodmenLife as of November 30 immediately preceding any regular meeting of the Jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Should the proration herein provided for, and contributed by WoodmenLife, exceed the expenses of the regular meeting of the Jurisdiction, the surplus funds may be used to pay, in whole or in part, a Jurisdictional Convention Delegate's reasonable expenses.

**Sec. 3. Jurisdictional Funds and Property.** The Treasurer shall not pay out, or contract to pay out, any sum of money, except for current expenses, and the Auditors shall not purchase, acquire, sell, loan, lease, mortgage, encumber, or otherwise deal with any real or personal property entrusted to their care, unless all of the following conditions are strictly complied with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) A written resolution is adopted by the Jurisdiction containing detailed instructions as to the property, the contents of which shall have been first communicated to every Jurisdictional Convention Representative thereof together with a written notice mailed/transmitted at least ten days in advance informing the Jurisdictional Convention Representatives as to the place and time the resolution will be offered for consideration. The resolution shall pass only if it receives the affirmative vote of two-thirds of the Jurisdictional Convention Representatives present at the meeting referred to in the notice.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The resolution and a copy of the written notice must be submitted to the President & CEO and Secretary of WoodmenLife for approval of the action described in the resolution. Any and all funds which shall come into the possession of the Auditors as a result of any transactions involving Jurisdiction assets shall be paid over immediately by the Auditors to the Treasurer or credited to the proper account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Funds of the Jurisdiction not needed to meet current expenses shall be invested by the Treasurer. In dealing with the funds and property of the Jurisdiction, the Jurisdictional Convention Officers and Treasurer shall observe the standards in dealing with the assets that would be observed by a "prudent person" dealing with the property of another, with a focus upon preservation of capital rather than income or gains, and if the Jurisdictional Convention Officer or Treasurer has special skills or is named Jurisdictional Convention Officer or Treasurer on the basis or representations of special skills or expertise, he or she is under a duty to use those skills. WoodmenLife's National Board of Directors can, by resolution, give further guidance as to investments that would be appropriate for the funds of a Jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) In no event shall any Jurisdiction divide or distribute funds, or any part thereof, among its Jurisdictional Convention Representatives.

**Sec. 4. Auditing Committee.** Each Secretary and Treasurer shall have his/her books current and his/her report made noting the balance of each fund on the last day of December each year, and the Auditors, acting as the Auditing Committee, shall examine the books, vouchers and reports and give a written report to the President by March 1 of the following year. Such report shall be made available for examination by any Jurisdictional Convention Representative who so requests.

**Sec. 5. Political Contributions.** Jurisdictions shall not contribute or donate jurisdictional funds to any federal, state, or local election; political committee; or citizen initiative or referendum.

**ARTICLE 6** 

**Disputes and Grievances.** Any disputes or grievances involving a Jurisdictional Convention Representative may be submitted by a Jurisdictional Convention Representative having knowledge of the issue with the President of the Jurisdiction. The President of the Jurisdiction shall review the dispute or grievance and render a determination within thirty days of receipt of the dispute or grievance. The President of the Jurisdiction's determination of the dispute or grievance may be appealed in writing to the President & CEO of WoodmenLife within thirty days of the President of the Jurisdiction's determination. The President & CEO decision shall be final unless the member or Jurisdiction files a written appeal of the decision within thirty days to the Judiciary Committee as provided for in Article 8 of the Constitution and Laws. The decision of the President & CEO will be effective unless and until the decision is modified by the Judiciary Committee.

**ARTICLE 7** 

**Amendments.** These Bylaws may be amended in the following manner only: (a) by the method set forth in Article 2, Section 2 (c), of WoodmenLife's Constitution and Laws; or (b) by adopting proposals for such amendments in writing, originating from any of the regular meetings of a Jurisdiction or the National Convention and enacted in accordance with Article 9, Section 1 of WoodmenLife's Constitution and Laws.

**ESTABLISHED JURISDICTIONS** 

**WOODMENLIFE** 

The territory in which WoodmenLife is authorized to do business shall be divided into units known as Jurisdictions and the same shall be as follows:

(1) Jurisdiction of Alabama, composed of the State of Alabama.

(2) Jurisdiction of Arkansas, composed of the State of Arkansas and the counties of Boone, Cass, Clay, Greene, Howell, Jackson, Livingston, and Platte, Missouri.

(3) Jurisdiction of the Pacific, composed of the States of California, Hawaii, Nevada, Washington, Oregon, Idaho, Utah, Wyoming, Alaska, and Montana.

(4) Jurisdiction of Florida, composed of the State of Florida. (5) Jurisdiction of Georgia, composed of the State of Georgia. (6) Jurisdiction of the Great Lakes, composed of the States of Illinois, Indiana and Michigan and the counties of Audrain, St. Charles and St. Louis, Missouri.

(7) Jurisdiction of Iowa, composed of the States of Iowa, Minnesota and Wisconsin.

(8) Jurisdiction of Kentucky, composed of the State of Kentucky and the county of Dunklin, Missouri.

(9) Jurisdiction of Louisiana, composed of the State of Louisiana.

(10) Jurisdiction of the Mid-Atlantic, composed of the States of Delaware, Maryland and the District of Columbia.

(11) Jurisdiction of Mississippi, composed of the State of Mississippi.

(12) Jurisdiction of Nebraska, composed of the States of Nebraska, North Dakota, South Dakota, and Colorado. (13) Jurisdiction of New Mexico, composed of the States of New Mexico and Arizona and the counties of El Paso and Hudspeth, Texas.

(14) Jurisdiction of the Northeast, composed of the States of New York, Connecticut, Massachusetts, Rhode Island, Maine, New Hampshire, New Jersey, and Vermont.

(15) Jurisdiction of North Carolina, composed of the State of North Carolina.

(16) Jurisdiction of Ohio, composed of the State of Ohio (17) Jurisdiction of Oklahoma-Kansas, composed of the States of Oklahoma and Kansas.

(18) Jurisdiction of Pennsylvania, composed of the State of Pennsylvania.

(19) Jurisdiction of South Carolina, composed of the State of South Carolina.

(20) Jurisdiction of Tennessee, composed of the State of Tennessee.

(21) Jurisdiction of Texas, composed of the State of Texas except for the counties of El Paso and Hudspeth.

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(22) Jurisdiction of Virginia, composed of the State of Virginia.

(23) Jurisdiction of West Virginia, composed of the State of West Virginia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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**RULES OF ORDER FOR USE BY SUBORDINATE BODIES** 

**Sec. 1.** When the President takes the Chair, the officers and members take their respective seats.

**Sec. 2.** No member shall interrupt another while speaking unless to raise a point of order, and while speaking no member shall pass between him/her and the President.

**Sec. 3.** Every member who desires to speak shall arise and respectfully address the President and, while speaking, shall confine himself/herself to the question under consideration and avoid all personalities, indecorous and sarcastic language or reflection on the subordinate body, or its members.

**Sec. 4.** If two or more members arise to speak at the same time, the President shall decide who is entitled to the floor.

**Sec. 5.** No member shall speak more than once on the same subject until all members desiring to speak shall have had an opportunity to do so and not more than twice without permission from the President.

**Sec. 6.** If a member, while speaking, be called to order by the President, he/she shall cease speaking and take his (her) seat until the question of order has been determined and permission is given him/her by the President to proceed.

**Sec. 7.** No motion shall be subject to debate until it has been seconded and stated by the President, and it shall be reduced to writing if requested by any member.

**Sec. 8.** Any member may call for a division of a question, which shall be divided if it embraces two or more distinct propositions.

**Sec. 9.** When a question is before the subordinate body, no other motion shall be entertained except to move the previous question, to lay on the table, to postpone indefinitely, to postpone to a certain time, to recommit or to amend, which motions shall severally have precedence in the order named.

**Sec. 10.** When a question is postponed indefinitely, it shall not be acted on again during the session.

**Sec. 11.** On the call of five members, the subordinate body may demand that the previous question shall be put, and until it is decided, further amendments to the main question and debate thereon shall be precluded.

**Sec. 12.** The previous question shall be put in this form: "Shall the main question be now put?"

**Sec. 13.** When a blank is to be filled and different sums, numbers or times shall be proposed, the question shall first be taken on the highest sum or number and on the longest or latest time.

**Sec. 14.** Every member present shall, if requested, vote on every question before the subordinate body unless for special reason the subordinate body shall excuse him/her.

**Sec. 15.** No motion for reconsideration shall be entertained unless moved by a member who voted with the majority in the first instance and be made within two meetings after taking the vote on the motion.

**Sec. 16.** The member first named on a committee shall act as chair thereof, unless one shall be agreed on by the committee.

**Sec. 17.** The consequences of a measure may be attacked in strong terms, but the good faith of those who propose or advocate it shall not be challenged.

**Sec. 18.** While the President is putting a question or addressing the subordinate body, no member shall walk about or leave the hall or engage in conversation.

**Sec. 19.** No motion can be made by a member while another is speaking, and no motion can be made without the member's arising and addressing the Chair.

**Sec. 20.** No member shall arise to speak until the one occupying the floor shall have taken his/her) seat, and if the member wishing to follow has spoken on the subject twice, he/she shall not be recognized by the President until others have had an opportunity to speak.

**Sec. 21.** No member shall commence speaking on a question until recognized by the President.

**Sec. 22.** Whenever a question shall arise in the subordinate body as to the construction of the laws, it shall be referred to the President & CEO of WoodmenLife, whose decision shall be entered on the minutes and be final.

**Sec. 23.** In all matters not expressly covered above, any questions of order shall be resolved as provided by the most currently available edition of *Robert's Rules of Order.*

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**DUTIES OF OFFICERS** 

**Sec. 1. The President & CEO.** 

The President & CEO shall be the chief executive officer of WoodmenLife and shall have general supervision over the affairs of WoodmenLife. The President & CEO shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) preside over all sessions of the National Convention or designate someone to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) enter into written contracts with Sales associates for the solicitation of applications for membership under such terms as may be agreed upon, subject to the review of any such contracts by the National Board of Directors at its discretion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) prescribe and/or approve all forms and blanks and all other printed materials and publications issued or used by WoodmenLife or the National Convention and any of its departments, subdivisions, subordinate bodies, and associates, or cause the same to be done, and no officer, associate or member, or other persons, shall publish or use any such materials not so authorized or approved;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) prescribe the forms of all benefit certificates of membership to be issued by WoodmenLife and prescribe all plans under which persons are admitted to membership in WoodmenLife, together with the rates of payments under any and all such certificates when such plans and amounts have not been theretofore prescribed by the National Convention or the National Board of Directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) have authority to reinsure or coinsure WoodmenLife's liability, or any portion thereof, on any and all certificates of membership now outstanding and/or hereafter issued;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) with the assistance and approval of the National Board of Directors, prepare and publish the rituals and ceremonials of WoodmenLife; be the custodian of and instructor in all the rituals thereof; and promulgate to all chapters the password to be used in conjunction with the historic ritual;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) examine, or cause to be examined, every application for membership in WoodmenLife and every application for any benefit and, if found to conform to all requirements for such, shall approve said applications or cause the same to be done;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) subject to the limitations elsewhere contained in the Constitution and Laws, establish rules and rates with reference to applications on standard and substandard risks and, with respect thereto, shall classify all such risks as to physical and mental impairment, occupation, residence, habits, morals, environment, finances, previous experience and any other factors that may be deemed wise, and cause to be fixed such rules, rates and extra rates as may be required by customary underwriting practices;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) grant written dispensations for any purpose except to admit a person to membership who is not physically or mentally qualified under the Constitution and Laws, provided that no authority is given to do anything that will impair the contract of a beneficiary member of WoodmenLife;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) make a report on the state of affairs of WoodmenLife at each regular session of the National Convention;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) sign all documents and other papers requiring his/her signature and customarily signed by the president of a corporation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) appoint committees from the Good-Standing Benefit Members of WoodmenLife to assist in WoodmenLife's management, to be known as Presidential Committees, and which committees shall be responsible to and under the direction of the President & CEO;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) appoint persons to examine or audit the books, records and accounts of any subordinate body of WoodmenLife, or officers thereof, and may suspend or remove from office any officer of any subordinate body thereof when satisfactory information exists that any such officer is negligent of his/her duties or incompetent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) whenever the President & CEO of WoodmenLife believes that the funds and/or property of any subordinate body are being or will be improperly diverted, disposed of, wasted, destroyed or distributed, he/she shall have full authority, in the name of WoodmenLife, to have such action enjoined and to seize such funds and/or property by action in court or otherwise, in order to preserve the same. He/She may render to the subordinate body concerned such report regarding any examination of its books or such other action herein authorized as he/she shall deem necessary; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) discipline and, in furtherance thereof, have power to suspend or revoke charters of subordinate bodies for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) refusing to conform to the Constitution and Laws and Bylaws and Rules of Order of Subordinate Bodies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) refusing to make reports required by WoodmenLife or any of its officers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) wrongfully withholding any funds or property belonging to WoodmenLife or any of its subordinate bodies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) disseminating communications or circulars derogatory to WoodmenLife or any of its officers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) soliciting contributions when not authorized by the President & CEO of WoodmenLife except for typical fraternal and community activities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) instituting suits or other legal proceedings against WoodmenLife or any of its officers without first using the Dispute Resolution Procedures as outlined in Article 7 of the Constitution and Laws; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) failing or refusing to comply with or conform to any lawful demand by the President & CEO or other officers of WoodmenLife.

The members of any subordinate body whose charter has been suspended or revoked shall continue to make their required payments to the Home Office of WoodmenLife until the matter shall be finally determined in accordance with the Constitution and Laws.

Any member of WoodmenLife who is found by the President & CEO of WoodmenLife, after due inquiry, to be responsible for any of the foregoing acts shall be barred from

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a seat in any Jurisdictional or National Convention and, if occupying such an office, shall be removed; and if such member is an officer of a subordinate body of WoodmenLife, the President & CEO of WoodmenLife may declare the office vacant.

Any subordinate body, and any member thereof, aggrieved by any action herein authorized may appeal to the Judiciary Committee by giving written notice thereof to the Secretary of WoodmenLife within thirty days after notice of any such action. The matter shall be disposed of by the Judiciary Committee as provided in Article 8 of the Constitution and Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) appoint one or more approving officers who shall serve at the pleasure of the President & CEO, and whose duty it shall be to examine and approve every claim against WoodmenLife payable from any of its funds, except in any benefit certificate, and no check shall be drawn unless and until approved by an approving officer (no such person shall have authority to approve his/her own claim against WoodmenLife);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) except as otherwise specified by the National Board of Directors within its constitutional authority, and not inconsistently with or repugnant to their duties and functions set forth and defined elsewhere in the Constitution and Laws, have authority to designate the title of any officer or other person employed in any capacity by WoodmenLife and to assign and reassign the duties of all Executive Officers, officers and associates of WoodmenLife;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) make recommendation to the National Board of Directors for the appointment of a General Counsel and/or Chief Legal Officer, who shall serve at the pleasure of the Board and who shall be under the direct supervision of the President & CEO and perform all duties assigned;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) recommend up to three Executive Vice Presidents for election and/or appointment and any other additional Executive Vice President position approved by the National Board of Directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t) appoint a Medical Director, who shall be under the direct supervision of the Chief Underwriter and who shall perform all duties assigned;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u) administer the National Fraternal Program and report on same to the National Convention;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) have the authority to suspend or remove chapter and/or Jurisdictional officers or members of any subordinate body of WoodmenLife when, in his opinion, good cause exists for such removal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w) make recommendation to the National Board of Directors for the appointment of the Secretary of WoodmenLife; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) perform such other duties as are imposed upon him/her in the Constitution and Laws or as may be assigned to him/her by the National Convention and/or the National Board of Directors and which are not otherwise inconsistent with the Constitution and Laws.

**Sec. 2. Secretary.** 

The Secretary, or designee thereof as may be approved by the President and CEO, shall be the chief recording officer of WoodmenLife organizational documents and shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) be responsible for and keep and maintain all the official organizational records of WoodmenLife, the

National Convention, the National Board of Directors, and all committees provided for herein, except such records as are specifically exempted and made the special trust of another officer under the Constitution and Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) at all sessions of the National Convention, meetings of the National Board of Directors and Standing Committees, all bills, communications and all other papers shall be read by him/her, or they shall be read by someone appointed by the President & CEO, except reports of other committees, which may be read by the Chair or any member thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) make a full and complete report of all his/her transactions to every regular session of the National Convention;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) make full and complete reports, in the manner and time required by the several state insurance departments and all other government agencies having jurisdiction over any of the affairs of WoodmenLife;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) sign all official documents of WoodmenLife requiring his/her signature, affixing thereto the seal of WoodmenLife when necessary; and he/she shall prepare and certify, under the seal of WoodmenLife, all copies of books, records and other documents of WoodmenLife, or portions thereof, which may be required for any purpose;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) in addition to the President & CEO, shall sign all new certificates issued by WoodmenLife;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) perform all other duties customarily performed by the Secretary of a corporation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) perform all duties as required by the Constitution and Laws and such other duties as may be assigned by the President & CEO.

## Ex-99.(K)

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| | |
|:---|:---|
| ![LOGO](g66690g59h58.jpg) | 800-225-3108<br> WoodmenLife.org<br> 1700 Farnam Street. Omaha, NE 68102 |

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April 28, 2026

Woodmen of the World Life Insurance Society

1700 Farnum Street

Omaha, NE 68102

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| | |
|:---|:---|
| **Re:** | **Flexible Premium Deferred Variable Annuity Certificates**  |

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Ladies and Gentlemen,

I have served as counsel for Woodmen of the World Life Insurance Society ("Woodmen life") in connection with the preparation and filing of the registration statement on Form N-4 (File Nos. 333-101231, 811-21254) (the "Registration Statement") for Woodmen life Variable Annuity Account (the "Separate Account"), as such Registration Statement relates to certain individual flexible premium deferred variable annuity certificates (the "Certificates") issued by Woodmen life.

I have examined the Certificates, corporate records and regulatory authorizations of Woodmenlife, and such additional documents and laws as I considered appropriate, and on the basis of such examinations, it is my opinion that Woodmen life is a fraternal benefit society duly organized and validly existing under the laws of the State of Nebraska and is duly authorized to sell variable annuity contracts, the Separate Account is a separate investment account of Woodmen life and is duly established and validly existing under the laws of the State of Nebraska, the Certificates have been duly authorized for sale by Woodmen life, and that the Certificates and interests therein, when issued as contemplated by the Registration Statement will, when sold, be legally issued and represent binding obligations of Woodmen life.

I consent to the filing of this opinion as an exhibit to the Registration Statement. In giving this opinion and consent, I am not admitting that I am in the category of persons whose consent is required under Section 7 of the Securities Act of 1933.

Sincerely,

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| |
|:---|
|  */s/* Nicholas C Olari<br>|
|  Nicholas C Olari |
|  Vice President, Chief Compliance & Privacy Official |
|  Woodmen of the World Life Insurance Society |

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Woodmen of the World Life Insurance Society • Omaha, Nebraska

## Ex-99.(L)

CONSENT OF INDEPENDENT AUDITORS

We consent to the use in this Registration Statement 333-101231 and 811-21254 on Form N-4 of our report dated April 28, 2026, relating to the statutory basis financial statements of Woodmen of the World Life Insurance Society appearing in the Statement of Additional Information, which is part of such Registration Statement. We also consent to the reference to us under the heading "Financial Statements" in such Registration Statement.

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| |
|:---|
|  /s/ Deloitte & Touche LLP |
|  Omaha, Nebraska |
|  April 28, 2026 |

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CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the use in this Registration Statement No. 333-101231 and 811-21254 on Form N-4 of our report dated April 28, 2026, relating to the financial statements and financial highlights of the subaccounts of WoodmenLife Variable Annuity Account appearing in the Statement of Additional Information, which is part of such Registration Statement. We also consent to the reference to us under the heading "Financial Statements" in such Registration Statement.

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| |
|:---|
|  /s/ Deloitte & Touche LLP |
|  Omaha, Nebraska |
|  April 28, 2026 |

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