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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.25%
7-Year
6.00%
10-Year
5.80%

NWL Impact 10

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Highlights

The NWL Impact 10 annuity is a flexible premium tax deferred indexed 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. Once credited, your gains are guaranteed for the life of the policy! 
Available in states: AL, AZ, AR, CO, DC, FL, GA, GU, HI, IL, IA, KS, KY, LA, ME, MD, MI, MS, MO, MT, NE, NH, NM, NC, ND, PR, RI, SD, TN, VT, VI, VA, WV, WI, and WY
Type
Fixed Index
Purpose Lifetime Income
Premium Bonus
7%
Term
10 Years
Surrender schedule
10%10%10%10%10%9%8%6%4%2%
Free withdrawal
1st year: 0%
2nd+ year: 10%
Flexible premium Product Life
Market value adjustment
Return of premium
Minimum contribution
Qualified: $2,000
Non-Qualified: $5,000
Maximum contribution
$1,500,000
Max Age Qualified
80
Types of funds
Non-Qualified, 401k, Profit Sharing, IRA, 401a, TSA 403b, SEP IRA, KEOGH, IRA-Roth, 457 plan, and 1035 Exchange
Brochure
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Premium Notes

Premium Payment 
A minimum initial premium payment of at least $2,000 (qualified) or $5,000 (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 nonindexed fixed interest rate until the next Policy Anniversary. 

Withdrawal Provisions

Death Benefit 
The NWL Impact 10 annuity provides a death benefit payable to the named Beneficiary. If the Annuitant’s death occurs before the Annuity Date, the Beneficiary will receive the Account Value and the Bonus Value as a single sum, OR the Beneficiary can elect to receive the Account Value and the Bonus Value applied under one of the Settlement Options. If the Annuitant dies on or after the Annuity Date, the Beneficiary will receive any unpaid guaranteed amounts as provided by the Settlement Option in force on the date of death. The death benefit paid to the Beneficiary (except for the estate) may pass without the costs and delays of probate. 

Annuitization 
You may choose a Settlement Option that will apply on or after the Annuity Date. The Annuity Date is 22 years after the Policy Date and cannot be changed. At that time you may elect to receive payments under one of the many available options, including but not limited to: 
  • Income for a specific number of years (minimum of 5), or
  • Income for as long as you live, or
  • Income for as long as you and your joint annuitant live.
Free Withdrawals 
Once each year after the first policy year you may take a penalty-free withdrawal (penalty-free means no Withdrawal Charges) up to 10% of the Account Value plus any Vested Bonus Value (i.e., any portion of your Bonus Value that has vested – please remember that partial vesting does not begin until the end of Policy Year 8). 

Systematic Withdrawal 
Once each year after the first policy year you may elect to make withdrawals of interest earnings without withdrawal charges, limited to the annual amount of interest credited during the prior Policy Year. 

Minimum Distributions 
If you have reached the age of 70 ½, you may need to begin taking Required Minimum Distributions (RMD) if your NWL Impact 10 annuity is issued as a tax-qualified plan. Beginning in the first Policy Year, the RMD may be taken penalty-free. 

Loan Provision
Starting the 2nd Policy Month, a policy loan for a minimum of $500 may be taken for up to 60% of the Contract Value (greater of the Account Value plus any Vested Bonus Value,or the Minimum Guaranteed Contract Value) if the Interest Credit Allocation Percentage for Interest Credit Option B is 100%. (In Vermont and Virginia the loan privilege is Endorsement Form 01-4087P-VA. Starting the 4th Policy Year, a policy loan may be taken for up to 100% of the Cash Surrender Value if the Interest Credit Allocation Percentage for Interest Credit Option B is 100%.) 
Loans are not available if Interest Credit Option A, D, or J, is in effect. In addition, any loan would have to be repaid before Interest Credit Option A, D, or J could be elected. All or part of a loan may be repaid at any time, but each payment must be at least $25. The interest on the loan must be paid annually at 7.4% in advance. If not, the interest will be added to the amount of the loan. Also, cash loans are not available for IRAs or Roth IRAs or for some other qualified plans. 
If any loan amount is owed to us when a settlement option is elected or upon the Annuitant’s death, whichever occurs first, such amount will be treated as a partial withdrawal and subject to withdrawal charges. 

Allocation Accounts

Name Type Rates
Option U: 1-Year S&P 500 LV DRC 5% ER PTP Participation Rate
NWL Option U
Annual
109% Participation
Option B: 1-Year Fixed Account
Fixed
3% Fixed
Option A: 1-Year S&P 500 PTP Monthly Average Participation Rate with Asset Fee
Point to Point
Annual
Monthly average
57% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 10% 10% 10% 10% 10% 9% 8% 6% 4% 2%

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)

Waivers

Hospital

You may withdraw up to 75% of the Account Value plus any Vested Bonus 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 at least 180 days after the Policy Date and must not be for a medical condition that involved a prior stay of any length in the two-year period before the Policy Date. The stay must not have been recommended by a physician in the two-year period before the Policy Date. Any withdrawal in excess of 75% of the Account Value plus any Vested Bonus Value will be subject to the Policy’s regular Withdrawal Charge. Benefit terms and/or benefit availability may vary by state. See Policy for complete details and requirements.

Nursing Home

You may withdraw up to 75% of the Account Value plus any Vested Bonus 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 at least 180 days after the Policy Date and must not be for a medical condition that involved a prior stay of any length in the two-year period before the Policy Date. The stay must not have been recommended by a physician in the two-year period before the Policy Date. Any withdrawal in excess of 75% of the Account Value plus any Vested Bonus Value will be subject to the Policy’s regular Withdrawal Charge. Benefit terms and/or benefit availability may vary by state. See Policy for complete details and requirements.

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 from which he or she is not expected to recover and is expected to die within 12 months. NWL 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 Policy for complete details and requirements.

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