Fixed index annuity review and rates
NWL Ultra Value
The NWL Ultra Value 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.
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DC, FL, GA, HI, ID, IA, KS, KY, LA, ME, MD, MI, MS, MO, MT, NE, NV, NH, NM, NC, ND, OH, OK, PR, RI, SC, SD, TN, TX, VT, VI, VA, WV, WI, and WY
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| Option B: 1-Year Fixed Account |
Fixed
|
3.55%
Fixed
|
| Option A: 1-Year S&P 500 PTP Monthly Average Participation Rate with Asset Fee |
Point to Point
Annual
Monthly average
|
100%
Participation
6%
Spread
|
| Option U: 1-Year S&P 500 LV DRC 5% ER PTP Participation Rate |
Point to Point
Annual
|
146%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
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) |
Brochure
Free withdrawal
10%
Premium bonus
2%
Surrender schedule
9 years
Return of premium
Market value adjustment
Minimum contribution
Qualified: $2,000
Non-Qualified: 500000%
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