NWL Protector One
Highlights
Premium Type
|
Flexible Premium
|
---|---|
Max age Qualified
|
75
|
Minimum Contribution
|
$5,000
|
Maximum Contribution
|
$500,000
|
Market value adjustment
|
|
Return of premium
|
|
Free withdrawal
|
10% |
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 |
Premium Payment and Issue Ages
A minimum initial premium payment of $5,000 is required. Additional premium payments of at least $100 can be made. Premium payments in excess of $500,000 may require prior Company approval. 100% of the premium deposits earn interest from the date funds are received at the Company.
If applicable, Federal, State, and Municipal taxes, and any fees or assessments related to the policy, payment of which is required or authorized by law, will be deducted from the benefits under the policy as required or authorized by law.
National Western Life will not issue this annuity if the age of the Annuitant or owner exceeds the maximum issue age, which is published from time to time. If the Owner is not the Annuitant, the maximum Owner age at issue is 85.
Free Withdrawals
10% Account Value once annually INCLUDING the 1st policy year. Cumulative annually to 50%. IRA Qualified - RMD free of a withdrawal charge in all Policy Years
Early Withdrawals Charges
10.00, 10.00, 9.00, 9.00, 7.00, 5.00, 5.00, 5.00, 5.00, 5.00, 0.00
VAR - 9.00, 8.50, 7.50, 6.50, 5.75, 4.75, 3.75, 2.75, 1.75, 0.75, 0.00
FL - 12.00, 12.00, 11.00, 11.00, 9.00, 7.00, 7.00, 7.00, 7.00, 7.00, 0.00
Find out if the NWL Protector One is the right product for you.
Traditional Fixed Annuity Interest Rates
Surrender Years | First Year Yield | Term Guaranteed Yield | Term Current Yield |
---|---|---|---|
10 | 2.75% | 1.18% | 1.85% |
Riders
No Riders for NWL Protector One annuity.
Waivers
Terminal Illness
Upon receiving satisfactory documentation, withdrawal charges and any Market Value Adjustment 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 twelve (12) months. National Western Life reserves the right to obtain a second medical opinion at the Company’s expense.
Annuitization
Annuitize at Full Accumulation Account on 24th anniversary, for a minimum of 5 years.
Request a free quote or talk to our financial expert to get help