Best Guaranteed Annuity Rates

NWL Ultra Future (State Variation)

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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! 

At the end of the 9-year Contract Term, you may withdraw the full Contract Value without any withdrawal charges, take a partial withdrawal, or elect an income settlement option. 

You do have the right to keep the Account Value with National Western Life for the rest of your life where it will continue to earn interest at a rate not less than the Minimum Guaranteed Interest Rate that has been re-determined at the end of your Contract Term.
Available in states: DE, IL, IN, MA, MN, NJ, PA, UT, and WA
Fixed Index
Purpose Lifetime Income
Premium Bonus
9 Years
Surrender schedule
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
Max Age Qualified
Types of funds
Non-Qualified, 401k, Profit Sharing, IRA, 401a, TSA 403b, SEP IRA, KEOGH, IRA-Roth, 457 plan, and 1035 Exchange
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Find out if the NWL Ultra Future (State Variation) 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. 

Withdrawal Provisions

You may choose an Annuity Date that occurs as early as the end of the 5th policy anniversary. At this 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 ast long as you and your joint annuitant live.
In IL: Annuitize at full Contract Value AFTER 1st Policy Year (but before 2nd Anniversary) for a minimum of 14 years or Annuitize at full Contract Value after 2nd Anniversary (but before 3rd Anniversary) for a minimum of 7 years or Annuitize at Full Contract Value after 3rd Anniversary for a minimum of 5 years 

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, J, or K is in effect. In addition, any loan would have to be repaid before Interest Credit Option A, D, J, or K 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.

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.

Minimum Distributions 
If you have reached the age of 72 ½, you may need to begin taking Required Minimum Distributions (RMD) if your NWL Ultra Future - WA annuity is issued as a tax-qualified plan. Beginning in the first Policy Year, the RMD may be taken penalty-free. 

Allocation Accounts

Name Type Rates
Option B: 1-Year Fixed Account
3.15% Fixed
Option A: 1-Year S&P 500 PTP Monthly Average Participation Rate with Asset Fee
Point to Point
Monthly average
67% Participation
Option U: 1-Year S&P 500 LV DRC 5% ER PTP Participation Rate
Point to Point
128% Participation

Surrender schedule

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


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)



Accidental Death Benefit (Terminates on Annuitant's Age 75)


Annuitant Up to Age 75 on Policy Date

Nursing Home

Annuitant Up to Age 75 on Policy Date

Terminal Illness

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