NWL Capital Solutions 10 (CA Only)
Highlights
NWL Capital Solutions connects today’s retirement goals with the gift of tomorrow’s legacy. With the optional Guaranteed Minimum Death Benefit Rider you can further protect your legacy and the future needs of your beneficiaries.
|
Type
|
Fixed Index |
|---|---|
| Purpose | Accumulation & Legacy |
|
Term
|
9 Years |
|
Surrender schedule
|
8%7%6%5%4%3%3%2%1% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
05/08/2023 |
|
Minimum contribution
|
$25,000 |
|
Maximum contribution
|
$1,500,000 |
|
Max Age Qualified
|
85 |
|
Types of funds
|
Non-Qualified, IRA, Spousal IRA, SEP IRA, IRA-Roth, Inherited IRA, and NQ Stretch |
Brochure
|
Open brochure |
Find out if the NWL Capital Solutions 10 (CA Only) is the right product for you.
Premium Notes
To purchase NWL Capital Solutions FIA, a minimum premium payment of at least $25,000 is required. The maximum premium payment is $1,500,000. NWL may, at its discretion, credit higher interest rates, participation rates, caps, etc. when the Account Value of the policy is at least $100,000
Issue Age
Annuitant/Owner 0-85: Non-Qualified/Qualified
Withdrawal Provisions
You may access your money at any time, although you may incur a Withdrawal Charge for doing so. NWL Capital Solutions FIA comes with a Market Value Adjustment (MVA) Rider (except in California), which may increase or decrease the amount of a withdrawal, depending on the MVA Index. The MVA does not apply to Free Withdrawals.
Withdrawal options
- Withdraw up to 10% of the Account Value each Policy Year following the first year.*
- Take a systematic withdrawal of interest earnings each Policy Year after the first, as long as each payment is at least $100 and does not invade the principal.* The systematic payments may be paid monthly, quarterly, semi-annually, or annually.
- IRA Required Minimum Distributions (RMDs), if applicable, in all Policy Years.*
- Terminal Illness or Injury Benefit
- Waiver of Withdrawal Charge after Qualifying Medical Stay.*
At the end of the Contract Term, you may withdraw the full Contract Value or take a partial withdrawal without incurring any Withdrawal Charges. You have the right to keep the Contract Value with NWL until the maximum annuity age of 95. The Minimum Guaranteed Interest Rate will be re-determined and your Contract Value, Account Value and Minimum Guaranteed Contract Value will continue to be calculated as before. Any withdrawals will first be deducted from any amounts allocated to the Fixed Interest Rate strategy, and then proportionately from any amounts allocated to the index strategies.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.65%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10.1%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
31%
Participation
|
| 1-Year DJIA PTP Cap |
Point to Point
Annual
|
9.35%
Cap
|
| 1-Year DJIA PTP Participation Rate |
Point to Point
Annual
|
31%
Participation
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
92%
Participation
|
| 1-Year J.P. Morgan Factor Focus PTP Participation Rate |
Point to Point
Annual
|
108%
Participation
|
| 2-Year J.P. Morgan Factor Focus PTP Participation Rate |
Point to Point
Biennial
|
145%
Participation
|
| 1-Year Fixed Account |
Fixed
|
3.9%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10.7%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
34%
Participation
|
| 1-Year DJIA PTP Cap |
Point to Point
Annual
|
9.95%
Cap
|
| 1-Year DJIA PTP Participation Rate |
Point to Point
Annual
|
34%
Participation
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
101%
Participation
|
| 1-Year J.P. Morgan Factor Focus PTP Participation Rate |
Point to Point
Annual
|
116%
Participation
|
| 2-Year J.P. Morgan Factor Focus PTP Participation Rate |
Point to Point
Biennial
|
155%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|
| Penalty | 8% | 7% | 6% | 5% | 4% | 3% | 3% | 2% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| NWL Capital Solutions 10 GMDB Rider (Age 0-75) | No | 1.15% annually |
| NWL Capital Solutions 10 GMDB Rider (Age 76-80) | No | 1.15% annually |
Waivers
Hospital
You may withdraw up to 100% of the Account Value after certain medically necessary stays, as outlined in the Policy. The Annuitant must be 75 years or younger on the Policy Date, and each stay must be for at least 90 consecutive days. The stay must be in a hospital and/or nursing facility (as defined in the Policy), and the Annuitant must receive at least intermediate care (as described in the Policy) for 90 consecutive days during the stay. The stay must begin after the Policy Date. Benefit terms and/or benefit availability may vary by state.
Nursing Home
You may withdraw up to 100% of the Account Value after certain medically necessary stays, as outlined in the Policy. The Annuitant must be 75 years or younger on the Policy Date, and each stay must be for at least 90 consecutive days. The stay must be in a hospital and/or nursing facility (as defined in the Policy), and the Annuitant must receive at least intermediate care (as described in the Policy) for 90 consecutive days during the stay. The stay must begin after the Policy Date. Benefit terms and/or benefit availability may vary by state.
Terminal Illness
Upon receiving satisfactory documentation, Withdrawal Charges will be waived for full surrender or partial withdrawal if the Annuitant is first diagnosed after the Policy Date with an illness or injury from which he or she is not expected to recover and is expected to die within twelve (12) months. NWL reserves the right to obtain a second medical opinion at the Company’s expense.
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