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Product Details
NWL Ultra Value®
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Product Name
NWL Ultra Value®
Annuity Type
FIA
Issuing Insurance Company and Ratings
National Western Life
Ratings
Product Information
The NWL Ultra Value® Annuity is a flexible premium tax-deferred annuity with a 9 Year Surrender Charge Period. The NWL Ultra Value® combines the safety, benefits, and features of traditional fixed interest deferred annuities while at the same time giving you the option of having your credited interest linked in part to the S&P 500 Composite Stock Index (which excludes dividends). Once credited, your gains are guaranteed for the life of the policy!
Key Features
Premium Types: Flexible for Life of the Product
Minimum Premium: Non-Qual: 5,000, Qualified: 2,000
Maximum Premium: 500,000
Free Look Period: 20 Days
Rate Lock Period: N/A
Tax-Qualified: IRA, 401k, KEOGH, Other, NonQual, Pension, TSA 403b, IRA-Roth, IRA-Simple, IRA Rollover, Inherited IRA, 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%
Premium Amount: Non-Qual: 5,000, Qualified: 2,000 - 500,000
Current
1 Year Guarantee Period Annual Yield:
3.15%
Interest rate start of year 1 through end of year 1:
3.15%
Accumulation Value (assuming no withdrawals)
Accumulation Value (assuming no withdrawals)
Deposit Amount: $
Premium Amount: $100,000 - See Notes (Low-Band)
Each premium payment in the First 5 Years receives a 2% premium bonus.
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
Not available in DE IL IN MA MN NJ NY OR PA UT WA
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: $500
Cumulative Free Withdrawl: No
Eligibility & Restrictions
Age Limits(Owner and Annuitant): Owner: 85, Annuitant: 80
Premium Limits: Each premium payment in the First 5 Years receives a 2% premium bonus.
State Restrictions: Not available in DE IL IN MA MN NJ NY OR PA UT WA
