4.1
based on complex data
Annuity Educator Rating
Annuity review
NWL Ultra Future (Most States)
Retire with a smile! NWL Ultra Future offers guaranteed returns and peace of mind - just what you need for a carefree retirement. Enjoy a personalized income stream tailor-fit for your golden years.
Goodbye, market risks! Hello, financial stability! And what's more? You can even leave a legacy for your loved ones. With NWL Ultra Future, you're never a step behind.
NWL Ultra Future (Most States)
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About Product
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%
Fee withdrawal:
10%
Flexible premium
Product Life
Market Value Adjustment
No
Return Of Premium
No
Minimum Contribution
Qualified: $2,000
Non-Qualified: $5,000
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
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
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.
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 InterestInterest available systematically in lieu of Free Withdrawal option above. Each payment must be at least $100.00.
Company Founded: 1956
Excellent Rated
Company
Company Ratings
4.6
- A.M. Best A-
- S&P A-
- Comdex 61
Assets: $9,803,486,050
Colorado
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