NWL Core Dynamic

A subsidiary of National Western Life Group, Inc., the National Western Life Insurance Company, often abbreviated to NWLIC, was founded in 1956. The company has grown into a respected player in the insurance industry, serving well-defined market sectors with its diversity of financial solutions. Offering various individual universal life plans, term insurance, whole life policies, as well as annuities, NWLIC strives to provide financial protection for its policyholders and their loved ones.

National Western Life Insurance Company
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NWL Core Dynamic-brochure NWL Core Dynamic-brochure

NWL Core Dynamic

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Ratings:

  • A.M. Best A
  • S&P A-
  • Comdex 71

About Product

Type
Fixed Index
Purpose
Accumulation
Term
7 Years
Surrender schedule
9%9%8%7%6%5%4%
Fee withdrawal:
10%
Flexible premium
Product Life
Market Value Adjustment
No x
Return Of Premium
No x
Minimum Contribution
Qualified: $5,000
Non-Qualified: $10,000
Maximum Contribution
$500,000
Max Age Qualified
90
Types Of Funds
Non-Qualified, 401k, Profit Sharing, IRA, 401a, TSA 403b, SEP IRA, KEOGH, IRA-Roth, 457 plan, and 1035 Exchange
The NWL Core Dynamic Annuity is a flexible premium deferred fixed indexed annuity. It is a long-term contract intended as a secure planning vehicle for retirement accumulation and income. The NWL Core Dynamic Annuity provides the important benefits of many tax-deferred annuities: interest accumulation, safety, tax deferral, and liquidity.

Asset Fee Rate
The Asset Fee Rate is a percentage that is subtracted from the index change before interest is calculated. The Asset Fee Rate is guaranteed never to be greater than the Maximum Asset Fee Rate for the respective strategy. 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, 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

Allocation Accounts

Name Type Rates
Option B: 1-Year Fixed Account
Fixed
2.1% Fixed
Option A: 1-Year S&P 500 PTP Monthly Average Participation Rate with Asset Fee
Point to Point
Annual
Monthly average
20% Participation
6% Spread
Option D: 1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.5% Cap
Option U: 1-Year S&P 500 LV DRC 5% ER PTP Participation Rate
Point to Point
Annual
75% Participation
Option J: 1-Year S&P 500 PTP Cap
Point to Point
Annual
4% Cap

Surrender schedule

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

Riders

No Riders for NWL Core Dynamic annuity.

Waivers

Hospital

Unavailable in states: CA

You may withdraw up to 75% of the Account Value without a Withdrawal Charge 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. Any withdrawal in excess of 75% of the Account Value will be subject to the Policy’s regular Withdrawal Charge.

Nursing Home

Unavailable in states: CA

You may withdraw up to 75% of the Account Value without a Withdrawal Charge 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. Any withdrawal in excess of 75% of the Account Value will be subject to the Policy’s regular Withdrawal Charge.

Terminal Illness

Unavailable in states: CA, and PR

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.

Premium Notes

Premium Payment
A minimum initial premium payment of at least $5,000 (qualified) or $10,000 (non-qualified) is required. Additional premium payments of at least $100 can be made. 
Any premiums received more than 20 calendar days after the issue date, or after any subsequent Policy Anniversary, will earn the non-indexed fixed interest rate until the next Policy Anniversary. 

Withdrawal Provisions

Free Withdrawals
10% of the Account Value once annually after the 1st Policy Year, cumulative to a maximum of 20% if none taken in previous years. IRA Qualified - RMD free of a withdrawal charge in all Policy Years 

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