NWL ChoiceOptimizer 5 MVA: Rates & Review

Highlights

The NWL ChoiceOptimizer is a deferred annuity, meaning that income payments don’t start immediately after you pay the premium. Instead, your money may accumulate on a tax-deferred basis until a later date, when you may take it as a lump sum or in the form of regular payments.
It is a single premium annuity, meaning that you pay a one-time premium payment.
It is a Fixed Indexed Annuity, meaning that the value is subject to fixed minimum guarantees, and will never decline due to index movement alone.
All guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company

Available in states: AL, AK, AZ, AR, CO, CT, DE, DC, FL, GA, GU, 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, PR, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Type	Fixed Index
Purpose	Accumulation
Term	5 Years
Surrender schedule	9%8%7%6%5%
Free withdrawal	1st year: 0% 2nd+ year: 5%
Market value adjustment
Return of premium
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, and NQ Stretch
Brochure	Open brochure

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Premium Notes

To purchase an NWL ChoiceOptimizer Fixed Indexed Annuity, a minimum premium payment of at least $25,000 is required. The maximum premium payment is $1,500,000. National Western Life may, at its discretion, credit higher interest rates, participation rates, caps, etc. when the Account Value of the policy is at least $100,000.

Withdrawal Provisions

Withdrawal options

Free Withdrawals: Withdraw up to 5% 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.

Partial Withdrawal
You may withdraw part of your Contract Value at any time, over the Free Withdrawal amount. A Withdrawal Charge will apply.

Settlement Options
You may elect to receive the contract value as series of payments, referred to as settlement options, beginning on the annuity date.
The settlement options that may be elected by the owner include:

Income for life
lifetime income with a guarantee period
lifetime income with installment refund
Survivorship Annuity
Monthly Income for a fixed period
Annual income for a fixed period
Proceeds held at interest only

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	3.35% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	9.05% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	24% Participation
1-Year S&P 500 PTP Monthly Average Participation Rate	Point to Point Annual Monthly average	54% Participation
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	1.95% Cap
1-Year S&P 500 LV DRC 5% ER PTP Participation Rate	Point to Point Annual	140% Participation
2-Year S&P 500 LV DRC 8% ER PTP Participation Rate	Point to Point Biennial	112% Participation
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	7.3% Performance triggered
1-Year Fixed Account	Fixed	3.6% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	9.6% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	27% Participation
1-Year S&P 500 PTP Monthly Average Participation Rate	Point to Point Annual Monthly average	59% Participation
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	2.1% Cap
1-Year S&P 500 LV DRC 5% ER PTP Participation Rate	Point to Point Annual	150% Participation
2-Year S&P 500 LV DRC 8% ER PTP Participation Rate	Point to Point Biennial	120% Participation
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	7.6% Performance triggered

Surrender schedule

Year	1	2	3	4	5
Penalty	9%	8%	7%	6%	5%

Riders

No Riders for NWL ChoiceOptimizer 5 MVA annuity.

Waivers

Hospital

You may withdraw 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. See the Policy for complete details and requirements.

Nursing Home

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. National Western Life reserves the right to obtain a second medical opinion at the Company’s expense. Benefit terms and/or benefit availability may vary by state. See the Policy for complete details and requirements.

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