National Western Life Insurance Company

About National Western Life Insurance Company

National Western Life Insurance Company offers 6 annuity products tracked on our platform. The combination of a meaningful 7% premium bonus, three distinct interest credit strategies (including indexed options), guaranteed minimum interest floor, and flexible annual access without surrender charges makes this product well-suited for conservative savers wanting both protection and growth potential.

Product Lineup

NWL Impact 10

Fixed Indexed Annuity

Fixed Indexed Annuity with 7% Bonus & Flexible Access

Premium Bonus7% of first-year premiums

Minimum Guaranteed Interest Rate1.00% to 3.00% annually

Interest Credit Options3 options available

Free Annual Withdrawal10% annual access

Best for: Individuals age 0-80 seeking long-term retirement accumulation with principal pr...

NWL Impact 7

Fixed Indexed Annuity

Flexible Growth Annuity with Index Upside & Principal Protection

Premium Bonus5% of first-year premiums

Interest Options3 strategies with 30-20% minimum participation rates

Minimum Guaranteed Interest Rate1.00% to 3.00%, set quarterly

Free Withdrawals10% annually or interest-only systematic withdrawals

Best for: Investors aged 0-80 (annuitants) seeking long-term retirement savings with a mix...

NWL Impact 7S

Fixed Indexed Annuity

Indexed Growth + Guaranteed Downside Protection

Index-Linked Interest30%-20% minimum participation rates, up to 6% asset fees

Guaranteed Minimum Interest Rate1.00% to 3.00%

5% Premium BonusFull death benefit access immediately; withdrawal access after year 6

Free Annual Withdrawal10% annual access

Best for: Retirees and near-retirees who want tax-deferred growth, guaranteed income poten...

NWL Ultra Classic

Fixed Indexed Annuity

Tax-Deferred Growth with Indexed Returns & Guaranteed Protection

Contract Term13 years

Minimum Guaranteed Interest Rate (MGIR)1.00% to 3.00% (set quarterly, locked for 13 years)

Free Annual Withdrawals10% annually (cumulative to 50%)

Interest Credit OptionsFixed rate (Option B), S&P 500 monthly average (Option A), point-to-point cap (Option J), low-volatility index (Option U)

Best for: Individuals age 0-80 seeking long-term tax-deferred growth with downside protect...

NWL Ultra Future

Fixed Indexed Annuity

Index-linked growth with downside protection & tax deferral

Premium Bonus9% first year (7.75% in Puerto Rico); 4.75% in years 2–5

Indexed Interest OptionsOption A, Option B, or Option U (can allocate in any combination)

Guaranteed Minimum Interest Rate (MGIR)1.00%–3.00%, set quarterly and guaranteed for entire contract term

Minimum Guaranteed Contract Value (MGCV)Never less than 87.5% of premiums paid, accumulated at the MGIR

Best for: Investors aged 0–80 seeking long-term retirement accumulation who want tax-defer...

NWL Ultra Value

Fixed Indexed Annuity

Index-linked growth with principal protection for retirement

Premium Bonus2% of premiums in years 1–5

Minimum Guaranteed Interest RateNever less than 1.00%, never more than 3.00%

Free Withdrawals10% annually plus interest withdrawals

Interest Options3 strategies with different risk/return profiles

Best for: Investors seeking tax-deferred retirement accumulation with downside protection,...

Financial Ratings

Live from CANNEX

Rating Agency

A.M. Best

Rating

A-

Description

Excellent

Effective

March 31, 2025

Rating Agency

Fitch

Rating

A

Description

Strong

Effective

January 10, 2023

Rating Agency

Moody's

Rating

A2

Description

Good

Effective

August 13, 2020

Rating Agency

Standard & Poor's

Rating

A-

Description

Strong

Effective

March 31, 2025

National Western Life Insurance Company Products

Fixed Indexed Annuities

Explore National Western Life Insurance Company fixed indexed annuity products with current rates and features.

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Multi-Year Guaranteed Annuities

Compare National Western Life Insurance Company MYGA products with guaranteed rates and terms.

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Immediate Annuities (SPIA)

View National Western Life Insurance Company single premium immediate annuity options.

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Deferred Income Annuities (DIA)

Explore National Western Life Insurance Company deferred income and QLAC products.

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National Western Life Insurance Company Discussions

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National Western Life Insurance Company Products

All 91 Carriers 199 Product Reviews All National Western Life Insurance Company Products

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