Page 7 - WLIS-Summer-Magazine-2023

ANNUAL REPORT 2021 – 2022

Valuation Report
As of December 31, 2022 and 2021

ADMITTED ASSETS: 2022 2021
Assets available for payment of
all legal liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 189,781,962 $ 190,978,469
Unassigned funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,729,788 11,491,080
TOTAL ADMITTED ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 203,511,750 $ 202,469,549
LIABILITIES:
Certificate reserves for all benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 177,038,757 $ 175,438,416
Claim reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 974,998 1,268,409
All other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,768,207 14,271,644
TOTAL LIABILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 189,781,962 $ 190,978,469
RATIO OF SOLVENCY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 107% 106%

STATE OF MICHIGAN )
COUNTY OF ST. CLAIR )
Julie L . Jagoda, being duly sworn, deposes and says that she is the National Treasurer who prepared the foregoing
financial statements concerning the financial condition of Woman’s Life Insurance Society as of December 31, 2022
and 2021, and that the same is correct and true to the best of her information, knowledge, and belief,
Subscribed and sworn to
before me this 28th day of March, 2023

Julie L. Jagoda Melissa LaPrairie
Notary Public, St . Clair County
My commission expires September 20, 2023

Privacy Notice us . We also collect this information to: help us and non-affiliated third parties only as permitted
Woman’s Life makes disclosures to affiliated
serve that person’s financial needs; provide
customer service; offer new products or services; by law . This includes disclosures that are needed
oman’s Life Insurance Society values and fulfill any legal and regulatory requirements to underwrite, issue, or maintain your policy or
your business . We also value the trust we must meet . for customer service . We may make disclosures
Wthat you have placed in us . We The type of information we collect varies to other financial institutions with which we
strongly believe in protecting the confidentiality according to the products or services you have joint marketing agreements . We do that in
and the security of the information that we request . It may include information that is: order to provide a better range of benefits to our
collect about you . The following is an outline of • On your application for membership or a members . We provide information regarding
our privacy policy . product or service and on any related forms your membership status to your local Woman’s
(items such as your name, address, social Life chapter .
WE DO NOT: security number, assets, and income) . When non-public personal information is no
• Disclose personal, non-public information • About your relationship with us (such as longer required, under our record retention
about you to anyone, except as permitted or products or services that are purchased, procedures, it is destroyed in a secure manner .
required by law . account balances, and payment history) . This includes information in hard copy or
• Share medical information or motor vehicle • From non-affiliated third parties with which you electronic media format .
reports for marketing purposes . have dealt (third parties such as other insurers) . Our goal is to keep the information you have
• Sell customer lists or information . • From other outside sources (such as on file with us accurate and up-to-date . Please
consumer reports, motor vehicle reports, contact our home office should there be an
WE DO: medical information, and demographic address change or other information that
• Restrict access to non-public personal information) . requires revision .
information about you to employees who • From visitors to the Woman’s Life websites Please refer to our website: www.womans
have a need for such information to provide (such as information provided by you through life.org/legal/privacy-policy/ for further
products or service to you . email, online forms, and site visitor data) . information and complete details including
• Use physical, electronic, and procedural information relating to privacy notices required
safeguards that comply with state and federal We use this information for business by law in specific states in which Woman’s Life
laws to protect all the private information we purposes only . These purposes include: conducts business . Please review the online
receive . assessing requests that are made for insurance privacy policy routinely as it may change, at any
and other services we offer; the administration time, at the sole discretion of Woman’s Life .
We collect information about a person who of our products; and the processing of
applies for or obtains products or services from transactions and claims . (Effective date April 21, 2023)

SUMMER 2023 | WOMANSLIFE.ORG | 5