NWL Protector One
The NWL Protector One Annuity is a great tool for retirees and future planners. This robust, high-performing annuity product from National Western Life Insurance Company offers interest accumulation, safety, tax-deferral, and liquidity. Its flexible premium deferred annuity is perfect for secure retirement planning.
With a minimum initial premium of $5,000 and 100% of the premium deposits earning from the start, the NWL Protector One® Annuity provides an excellent set of benefits. It has issue ages upto 85 for non-qualified and upto 75 for qualified. Also, in case of terminal illness, withdrawal charges will be waived. Definitely, a trusted choice for those planning for the future!
NWL Protector One
About Product
Traditional Fixed Annuity Interest Rates
| Surrender Years | First Year Yield | Term Guaranteed Yield | Term Current Yield |
|---|---|---|---|
| 10 | 2.75% | 1.18% | 1.85% |
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
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.
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