Modern Woodmen of America announced it has increased dividends for eligible life insurance certificates, effective Wednesday, July 1.
The higher dividends were announced in a brief news release the same day by the Rock Island-based fraternal financial services company.
“Favorable interest rates, coupled with Modern Woodmen’s continued sound investment principles and financial practices, have made it possible for us to pay higher dividends at this time,” Modern Woodmen President and CEO Jerry Lyphout said. “The decision to increase dividends is a reflection of our organization’s long-term financial strength.”
Modern Woodmen’s total projected dividend payout will increase by $3.7 million over the next 12 months. The increase raises the total dividend payout to $14.6 million in 2026.
According to the release, about 133,000 life insurance certificates will receive higher dividends over the next year. The increase will be applied to life insurance plans that are eligible to receive a dividend and have a register date prior to Jan. 1, 2022.
Dividends are reviewed and determined annually by the organization’s board of directors. Payments and increases are subject to market conditions and may vary over time, the organization said.
In March, Modern Woodmen reported strong fraternal and financial results for year-end 2025, including increased life insurance in force, growth of surplus and continued community impact. At the time, Mr. Lyphout said the growth initiatives will “continue to lead us into a strong future.”
Among the year-end report highlights were:
- Life insurance in force increased to $46.04 billion.
- Total assets grew to $18.64 billion.
- Fraternal support for members and their communities totaled $22.6 million.
