NWL New Frontiers MVA
Highlights
|
Type
|
Fixed Index |
|---|---|
| Purpose | Accumulation |
|
Term
|
6 Years |
|
Surrender schedule
|
9%8%7%6%5%4% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 5% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
08/10/2022 |
|
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 New Frontiers MVA is the right product for you.
Premium Notes
Annuitant/Owner 0-85: Non-Qualified/Qualified
Minimum Premium
$25,000
Maximum Premium
$1,500,000 per Annuitant without prior approval
Withdrawal Provisions
5% of the Account Value once annually after the first Policy Year
Systematic Interest
Interest available systematically in lieu of Free Withdrawal Option above. Each payment must be at least $100. See Policy for details.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 6-Year J.P. Morgan Factor Focus PTP Participation Rate with Performance Triggered |
NWL Part Rate & Perf Triggered
6-Year
|
236%
Participation
1%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
3.75%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.45%
Cap
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
96%
Participation
|
| 1-Year J.P. Morgan Factor Focus PTP Participation Rate |
Point to Point
Annual
|
167%
Participation
|
| 2-Year J.P. Morgan Factor Focus PTP Participation Rate |
Point to Point
Biennial
|
189%
Participation
|
| 6-Year J.P. Morgan Factor Focus PTP Participation Rate with Performance Triggered |
NWL Part Rate & Perf Triggered
6-Year
|
255%
Participation
1%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
4%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10%
Cap
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
105%
Participation
|
| 1-Year J.P. Morgan Factor Focus PTP Participation Rate |
Point to Point
Annual
|
175%
Participation
|
| 2-Year J.P. Morgan Factor Focus PTP Participation Rate |
Point to Point
Biennial
|
200%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 4% |
Riders
No Riders for NWL New Frontiers MVA annuity.
Waivers
Hospital
Waiver of Withdrawal Charge after Qualifying Medical Stay. 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. See the Policy for complete details and requirements.
Nursing Home
Waiver of Withdrawal Charge after Qualifying Medical Stay. 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. See the Policy for complete details and requirements.
Terminal Illness
Terminal Illness or Injury Benefit. 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.
Annuitization
6 years from the Policy Date. It can be extended to age 95.
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