NWL Ultra Future (Most States)
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Highlights
The NWL Ultra Future - Annuity is a flexible premium tax-deferred 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 (which excludes dividends). Once credited, your gains are guaranteed for the life of the policy!
Policy Loan NQ Contracts Only: Available 30 days after issue, up to 60% of the Contract Value. Must be allocated 100% to Fixed Interest (Option B). Loan Rate is 7.4% in Advance.
Policy Loan NQ Contracts Only: Available 30 days after issue, up to 60% of the Contract Value. Must be allocated 100% to Fixed Interest (Option B). Loan Rate is 7.4% in Advance.
Available in states:
AZ, AR, CA, CO, DC, FL, GA, GU, HI, IA, KS, KY, LA, ME, MD, MI, MS, MO, NE, NH, NM, NC, ND, OH, OK, PR, RI, SD, TN, TX, VT, VI, VA, WV, WI, and WY
|
Type
|
Fixed Index |
|---|---|
| Purpose | Lifetime Income |
|
Premium Bonus
|
9% |
|
Term
|
15 Years |
|
Surrender schedule
|
19.25%18.5%17.75%16.75%16%15.25%14.5%13.5%12.75%12%10%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
|
$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
|
Open brochure |
Find out if the NWL Ultra Future (Most States) is the right product for you.
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 non-indexed fixed interest rate until the next Policy Anniversary.
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 non-indexed fixed interest rate until the next Policy Anniversary.
Withdrawal Provisions
Free Withdrawals
10% Account Value once annually AFTER the 1st policy year – systematic withdrawal of interest after 1st policy year, or Required Minimum Distribution in all policy years
Systematic Interest
Interest available systematically in lieu of Free Withdrawal option above. Each payment must be at least $100.00.
10% Account Value once annually AFTER the 1st policy year – systematic withdrawal of interest after 1st policy year, or Required Minimum Distribution in all policy years
Systematic Interest
Interest available systematically in lieu of Free Withdrawal option above. Each payment must be at least $100.00.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 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
|
58%
Participation
|
| Option U: 1-Year S&P 500 LV DRC 5% ER PTP Participation Rate |
Point to Point
Annual
|
110%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 19% | 19% | 18% | 17% | 16% | 15% | 15% | 14% | 13% | 12% | 10% | 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
No Waivers for NWL Ultra Future (Most States) annuity.
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