Product Details
Product Name
NWL® Core Dynamic
Annuity Type
FIA
Issuing Insurance Company and Ratings
National Western Life
Ratings
A.M. Best
A-
4th of 15
Standard & Poor's
A-
7th of 22
Fitch
N/A
N/A
Product Information
The NWL® Core Dynamic is a flexible premium deferred annuity with a 7 year withdrawal charge period and multiple interest options available (some with charge). It is a long-term contract intended as a secure planning vehicle for retirement accumulation and income. The NWL® Core Dynamic provides the important benefits of many tax deferred annuities: interest accumulation, safety, tax-deferral, and liquidity.
Key Features
Premium Types: Flexible for Life of the Product
Minimum Premium: Non-Qual: 10,000, Qualified: 5,000
Maximum Premium: 500,000
Free Look Period: 30 Days
Rate Lock Period: N/A
Tax-Qualified: IRA, 401k, KEOGH, Other, NonQual, Pension, TSA 403b, IRA-Roth, IRA-Simple, IRA Rollover, Profit Sharing
Rates
Effective Date: 04/03/2024
Initial Guarantee Period: Fixed Rate 1 Year
Next Change: N/A
Premium Amount: $100,000 - See Notes (High-Band)
3 Year Guarantee Period Annual Yield:
Interest rate start of year 1 through end of year 3:
Current
4.05%
4.05%
Effective Date: 04/03/2024
Next Change: N/A
Initial Guarantee Period: Fixed Rate 1 Year
Premium Amount: Non-Qual: 10,000, Qualified: 5,000 - 500,000
Current
1 Year Guarantee Period Annual Yield:
2.1%
Interest rate start of year 1 through end of year 1:
2.1%
Accumulation Value (assuming no withdrawals)
Accumulation Value (assuming no withdrawals)
Deposit Amount: $
Premium Amount: $100,000 - See Notes (Low-Band)
Flex Premiums Permitted: Product Life
Interest rate start of year 1 through end of year 3:
Current
4.05%
4.05%
Accumulation Value (assuming no withdrawals)
Deposit Amount: $
State Approvals
AK CT IA ID IL MA NJ NV OH OK OR PA SC TX UT WA CA DE FL
Withdrawal Provisions
First Year Withdrawals: No
Withdrawal Years 2+: 10%
Wait Period Interest Only : 1 Year
Withdraw from the accumulation Value After : One Year
Minimum Policy Value : $2,000
Withdrawl Calculated On: Accumulation
Date For Calculation: Issue
Systematic Withdrawl: Yes
Min Withdrawl Amount: $100
Cumulative Free Withdrawl: 20%
Eligibility & Restrictions
Age Limits(Owner and Annuitant): Owner: 90, Annuitant: 90
Premium Limits: Flex Premiums Permitted: Product Life
State Restrictions: Not available in GU NY VI