Fixed index annuity review and rates

NWL Pro Dynamic

The NWL Pro Dynamic Annuity is a flexible premium deferred fixed indexed annuity. It is a long–term contract intended as a secure planning vehicle for retirement accumulation and income. The NWL Pro Dynamic Annuity provides the important benefits of many tax deferred annuities: interest accumulation, safety, tax-deferral, and liquidity. 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
Option B: 1-Year Fixed Account
2.1% Fixed
Option A: 1-Year S&P 500 PTP Monthly Average Participation Rate with Asset Fee
Point to Point
Monthly average
20% Participation
6% Spread
Option D: 1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Monthly sum
1.5% Cap
Option J: 1-Year S&P 500 PTP Cap
Point to Point
4% Cap
Option U: 1-Year S&P 500 LV DRC 5% ER PTP Participation Rate
Point to Point
75% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 10% 10% 10% 10% 10% 9% 8% 6% 4% 2%
National Western Life Insurance Company
Founded: 1956
A.M. Best: A
S&P: A
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
Qualified: $5,000
Non-Qualified: 1000000%
Types of funds
Non-Qualified, 401k, Profit Sharing, IRA, 401a, TSA 403b, SEP IRA, KEOGH, IRA-Roth, 457 plan, and 1035 Exchange