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National Life Group
The trade name of National Life Insurance Company (Montpelier, Vermont, founded 1848) and Life Insurance Company of the Southwest (Addison, Texas, chartered 1955), both rated A+ (Superior) by AM Best, offering the RetireMax Secure MYGA outside New York and the Green Mountain Freedom MYGAs in New York.
Financial strength
A+
AM Best
A+
S&P Global
A1
Moody's
AM Best A+ (Superior)
AM Best affirmed the A+ (Superior) Financial Strength Rating of National Life Insurance Company and Life Insurance Company of the Southwest on July 30, 2026, with a stable outlook.
Source: AM Best press release, July 30, 2026Founded 1848
National Life Insurance Company was founded in Montpelier, Vermont in 1848.
Source: National Life Group website disclosureMutual holding structure
AM Best describes NLV Financial Corporation as the intermediate holding company in the organization's mutual holding company structure, with National Life Insurance Company and Life Insurance Company of the Southwest as its life insurance subsidiaries.
Source: AM Best press release, July 30, 2026Two legal issuers
Each National Life Group company is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York.
Source: National Life Group website disclosureRun live numbers on National Life Group products
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MYGAs / Fixed Annuities
Selected product: Green Mountain Freedom
A fixed annuity group for buyers who want a declared guaranteed rate, principal protection, and tax-deferred growth.
Other current products
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Multi-Year Guaranteed Annuity
Fixed-rate contracts grouped separately from indexed annuities so guaranteed terms are compared on their own terms.
- Fixed-rate contracts grouped separately from indexed annuities
- Check each product page for guaranteed term rates and surrender context
Best for: Savers who want a declared fixed rate for a set period and a direct path to each product review.
Green Mountain Freedom
Guaranteed rate
Guaranteed term rate varies by deposit size and state - view product for live rates.
Green Mountain Freedom 5
Guaranteed rate
Guaranteed term rate varies by deposit size and state - view product for live rates.
Green Mountain Freedom Flex
Guaranteed rate
Guaranteed term rate varies by deposit size and state - view product for live rates.
RetireMax Secure
Guaranteed rate
Guaranteed term rate varies by deposit size and state - view product for live rates.
This directory is not a statement of current availability. Confirm current rates, state availability, premium bands, and rider terms in the analyzer or on each product page.
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Company overview
What National Life Group is
National Life Group is a trade name of National Life Insurance Company (Montpelier, Vermont), Life Insurance Company of the Southwest (Addison, Texas) and their affiliates. Each company is solely responsible for its own financial condition and contractual obligations.
Accessed 2026-11-14 · National Life Group website disclosure
Life Insurance Company of the Southwest is a wholly owned subsidiary of National Life Insurance Company. It is not an authorized insurer in New York and does not conduct insurance business there.
2026-07-30 · AM Best press release, July 30, 2026; National Life Group website disclosure
National Life Group currently offers four multi-year guaranteed annuities: RetireMax Secure and the Green Mountain Freedom, Green Mountain Freedom 5 and Green Mountain Freedom Flex products.
Verified 2026-11-14 · CANNEX Financial Exchanges via AdvisorWorld
Scale, labeled
Founded
1848 / 1955
National Life Insurance Company founded 1848 (Montpelier, VT); Life Insurance Company of the Southwest chartered 1955 (Addison, TX).
Accessed 2026-11-14 · National Life Group website disclosure
Structure
Mutual holding
NLV Financial Corporation is the intermediate holding company in a mutual holding company structure.
2026-07-30 · AM Best press release, July 30, 2026
AM Best
A+ (Superior)
A+ Financial Strength Rating and aa- Long-Term Issuer Credit Rating for both NLIC and LSW, stable outlook, affirmed July 30, 2026.
2026-07-30 · AM Best press release, July 30, 2026
History highlights
National Life Insurance Company was founded in Montpelier, Vermont in 1848.
Founded 1848 · National Life Group website disclosure
Life Insurance Company of the Southwest was chartered in 1955 in Addison, Texas.
Chartered 1955 · National Life Group website disclosure
In 1999 National Life Holding Company became the group's top-level entity and National Life bought the remaining one third of LSW; "National Life Group" was added to the company's stacked-triangle logo in 2000.
1999-2000 · National Life Group history, 1999-2024
A mutual holding company structure with two issuers
AM Best identifies NLV Financial Corporation, headquartered in Montpelier, Vermont, as the intermediate holding company in National Life's mutual holding company structure. National Life Insurance Company and Life Insurance Company of the Southwest are its life insurance subsidiaries, collectively known as National Life Group.
2026-07-30 · AM Best press release, July 30, 2026
In 1999 National Life Holding Company became the highest-level entity of National Life Group, and National Life bought the remaining one third of Life Insurance Company of the Southwest.
Financial strength
AM Best
A+
Superior Financial Strength Rating with an aa- Long-Term Issuer Credit Rating for National Life Insurance Company and Life Insurance Company of the Southwest; stable outlook, affirmed July 30, 2026.
2026-07-30
S&P Global
A+
Strong financial strength rating for National Life Insurance Company and Life Insurance Company of the Southwest, as published on National Life's ratings page.
Accessed 2026-11-14
Moody's
A1
Good financial strength rating for National Life Insurance Company and Life Insurance Company of the Southwest, as published on National Life's ratings page.
Accessed 2026-11-14
What makes National Life Group different
Which product, which state
RetireMax Secure is available in every state except New York. The Green Mountain Freedom MYGAs (Green Mountain Freedom, Green Mountain Freedom 5 and Green Mountain Freedom Flex) are New York products.
Accessed 2026-11-14 · National Life Group, What is a MYGA?; CANNEX Financial Exchanges via AdvisorWorld
A choice of MVA or no MVA on RetireMax Secure
RetireMax Secure is offered in a version with a market value adjustment and a version without one. The MVA version may increase or decrease the amount received on withdrawals or surrenders during its adjustment period, based on changes in market interest rates.
February 2025 · National Life Group RetireMax Secure agent material (TC7586013); CANNEX Financial Exchanges via AdvisorWorld
Ratings from three agencies
National Life lists A+ (Superior) from AM Best, A+ (Strong) from S&P and A1 (Good) from Moody's for National Life Insurance Company and Life Insurance Company of the Southwest.
Accessed 2026-11-14 · National Life Group ratings page
About National Life Group
National Life Group is the trade name of National Life Insurance Company, founded in Montpelier, Vermont in 1848, and Life Insurance Company of the Southwest, chartered in Addison, Texas in 1955, together with their affiliates. Both insurers are subsidiaries of NLV Financial Corporation within a mutual holding company structure.
Accessed 2026-11-14 · National Life Group website disclosure; AM Best press release, July 30, 2026
AM Best affirmed both insurers at A+ (Superior) on July 30, 2026, citing very strong balance sheet strength and strong operating performance, and noting growing reliance on reinsurance.
2026-07-30 · AM Best press release, July 30, 2026
The current annuity lineup is four multi-year guaranteed annuities: RetireMax Secure for buyers outside New York, and Green Mountain Freedom, Green Mountain Freedom 5 and Green Mountain Freedom Flex for New York.
Verified 2026-11-14 · National Life Group, What is a MYGA?; CANNEX Financial Exchanges via AdvisorWorld
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Sources
- National Life Group website disclosure (trade name, NLIC founded 1848, LSW chartered 1955, each company solely responsible, LSW not authorized in NY) — 2026-11-14
- AM Best press release: AM Best Affirms Credit Ratings of NLV Financial Corporation and Its Insurance Subsidiaries (A+ / aa-, stable) — 2026-07-30
- National Life Group ratings page (AM Best, S&P, Moody's, current as of the last business day) — 2026-11-14
- National Life Group, What is a MYGA? (RetireMax Secure not available in NY; Green Mountain Freedom 5 NY only) — 2026-11-14
- National Life Group history, 1999-2024 (National Life Holding Company; remaining one third of LSW; National Life Group logo) — 2026-11-14
- National Life Group RetireMax Secure agent material, TC7586013 (MVA version description, form series 20949) — February 2025
- Live product catalog (RetireMax Secure, Green Mountain Freedom, Green Mountain Freedom 5, Green Mountain Freedom Flex), rates, terms and state availability: CANNEX Financial Exchanges via AdvisorWorld — Verified 2026-11-14
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