NWL Impact 7
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Highlights
The NWL Impact 7 annuity is a flexible premium tax deferred indexed annuity that 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. Once credited, your gains are guaranteed for the life of the policy.
Available in states:
AL, AZ, AR, CO, DC, GA, HI, IL, IA, KS, KY, LA, ME, MD, MI, MS, MO, MT, NE, NH, NM, NC, ND, PR, RI, SD, TN, VT, VI, VA, WV, WI, and WY
Type
|
Fixed Index
|
---|---|
Premium Bonus
|
5% |
Term
|
7 Years |
Surrender schedule
|
10%10%10%9%8%7%6% |
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
Market value adjustment
|
|
Return of premium
|
|
Minimum contribution
|
Qualified: $2,000 Non-Qualified: $5,000 |
Types of funds
|
Non-Qualified, 401k, Profit Sharing, IRA, 401a, TSA 403b, SEP IRA, KEOGH, IRA-Roth, 457 plan, and 1035 Exchange |
Brochure
|
Open brochure |
Allocation Accounts
Name | Type | Rates |
---|---|---|
Option U: 1-Year S&P 500 LV DRC 5% ER PTP Participation Rate |
NWL Option U
Annual
|
123%
Participation
|
Option B: 1-Year Fixed Account |
Fixed
|
3.15%
Fixed
|
Option A: 1-Year S&P 500 PTP Monthly Average Participation Rate with Asset Fee |
Point to Point
Annual
Monthly average
|
65%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
---|---|---|---|---|---|---|---|
Penalty | 10% | 10% | 10% | 9% | 8% | 7% | 6% |
Riders
Name | Inbuilt | Fee |
---|---|---|
Income Outlook Plus 5 NH (Withdrawal Benefit Rider) | No | 1.50% annually (2.00% max) |
Income Outlook NH | No | 1.00% annually (2.00% max) (limited to interest) |