NWL Ultra Classic
In the complex world of retirement planning, annuities stand out as a popular choice for those seeking steady income streams in their golden years. Amidst a crowded market, a few annuity companies have distinguished themselves through their robust financial strength, customer service excellence, and diverse product offerings.
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The NWL Ultra Classic Annuity is a flexible premium tax-deferred 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 (which excludes dividends).Once credited, your gains are guaranteed for the life of the policy!.
At the end of the 13-year Contract Term, you may withdraw the full Contract Value without any withdrawal charges, take a partial withdrawal, or elect an income settlement option.
You do have the right to keep the Account Value with National Western Life for the rest of your life where it will continue to earn interest at a rate not less than the Minimum Guaranteed Interest Rate that has been re-determined at the end of your Contract Term.
At the end of the 13-year Contract Term, you may withdraw the full Contract Value without any withdrawal charges, take a partial withdrawal, or elect an income settlement option.
You do have the right to keep the Account Value with National Western Life for the rest of your life where it will continue to earn interest at a rate not less than the Minimum Guaranteed Interest Rate that has been re-determined at the end of your Contract Term.
Available in states:
AZ, AR, CA, CO, DC, FL, GA, GU, HI, IA, KS, KY, LA, ME, MD, MI, MS, MO, NE, NH, NM, NC, ND, OH, OK, PR, RI, SD, TN, TX, VT, VI, VA, WV, WI, and WY
Allocation Accounts
Name | Type | Rates |
---|---|---|
Option U: 1-Year S&P 500 LV DRC 5% ER PTP Participation Rate |
NWL Option U
Annual
|
120%
Participation
|
Option J: 1-Year S&P 500 PTP Cap |
NWL Option J
Annual
|
5.75%
Cap
|
Option B: 1-Year Fixed Account |
Fixed
|
4.5%
Fixed
|
Option A: 1-Year S&P 500 PTP Monthly Average Participation Rate with Asset Fee |
Point to Point
Annual
Monthly average
|
67%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Penalty | 15% | 15% | 14% | 13% | 12% | 11% | 11% | 10% | 9% | 8% | 6% | 4% | 2% |
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) |