Fixed index annuity review and rates

NWL Ultra Future (Most States)

The NWL Ultra Future - 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!

Premium Bonus
Premium Bonus 9.00% First Year  4.75% Years 2-5

Policy Loan NQ Contracts Only: Available 30 days after issue, up to 60% of the Contract Value. Must be allocated 100% to Fixed Interest (Option B). Loan Rate is 7.4% in Advance. 
Available in states: AZ, AR, CA, CO, DC, FL, GA, 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 B: 1-Year Fixed Account
3.6% Fixed
Option A: 1-Year S&P 500 PTP Monthly Average Participation Rate with Asset Fee
Point to Point
Monthly average
100% Participation
6% Spread
Option U: 1-Year S&P 500 LV DRC 5% ER PTP Participation Rate
Point to Point
140% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Penalty 19% 19% 18% 17% 16% 15% 15% 14% 13% 12% 10% 8% 6% 4% 2%


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)
National Western Life Insurance Company
Founded: 1956
A.M. Best: A
S&P: A
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Premium bonus
Surrender schedule
15 years
Return of premium
Market value adjustment
Minimum contribution
Qualified: $2,000
Non-Qualified: 500000%
Types of funds
Non-Qualified, 401k, Profit Sharing, IRA, 401a, TSA 403b, SEP IRA, KEOGH, IRA-Roth, 457 plan, and 1035 Exchange