Product Details
Product Name
NWL Protector One
Annuity Type
FA
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 Protector One Annuity is a flexible premium deferred annuity with a 10 year surrender charge period. It is a long-term contract intended as a secure planning vehicle for retirement accumulation and income with a terminal illness benefit. The NWL Protector One Annuity provides the important benefits of any tax deferred annuity: interest accumulation, safety, tax-deferral, and liquidity. The NWL Protector One Annuity is an excellent combination of performance and flexibility.
Key Features
Premium Types: Flexible for Life of the Product
Minimum Premium: 5,000
Maximum Premium: 500,000
Free Look Period: 20 Days
Rate Lock Period: 0 Days
Tax-Qualified: IRA, 401k, KEOGH, Pension, NonQual, SEP IRA, IRA Transfer, IRA Rollover
Rates
Effective Date: 04/03/2024
Initial Guarantee Period: N/A
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: N/A
Premium Amount: 5,000 - 500,000
Current
0 Year Guarantee Period Annual Yield:
1.75%
Interest rate start of year 1 through end of year 0:
1.75%
Accumulation Value (assuming no withdrawals)
Accumulation Value (assuming no withdrawals)
Deposit Amount: $
Premium Amount: $100,000 - See Notes (Low-Band)
$500,000 max without prior approval.
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
N/A
Withdrawal Provisions
First Year Withdrawals: 10%
Withdrawal Years 2+: 10%
Wait Period Interest Only : 30 Days
Withdraw from the accumulation Value After : Immediately
Minimum Policy Value : $2,000
Withdrawl Calculated On: Accumulation
Date For Calculation: Issue
Systematic Withdrawl: Yes
Min Withdrawl Amount: $100
Cumulative Free Withdrawl: 50%
Eligibility & Restrictions
Age Limits(Owner and Annuitant): Owner: 85, Annuitant: 85
Premium Limits: $500,000 max without prior approval.
State Restrictions: Not available in AK CA DE GU ID IN MA MN MO NJ NY OR PA WA