NWL Impact 7
National Western Life Insurance Company
10%
Free W/D
33
States
A long-term savings annuity that lets you grow your money through fixed or market-indexed interest options while maintaining tax deferral. Designed for retirees and pre-retirees who want safety, flexibility, and growth potential in one product.
Free Withdrawal
10%/yr
Available In
33 states
Min Premium
$2,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| S&P 500 Index | Monthly | -- | 65% | -- |
| S&P 500 Low Volatility Daily Risk Control 5% USD Excess Return Index | Annual | -- | 123% | -- |
| Fixed Account | Daily | -- | -- | 3.15% |
Key Features
Premium Bonus
5% of first-year premiumsYou receive an immediate 5% bonus on all premiums deposited in the first policy year, which vests over 10 years.
Interest Options
3 strategies with 30-20% minimum participation ratesChoose between a fixed rate (Option B), S&P 500 monthly average (Option A), or low-volatility annual point-to-point (Option U), or split your money across all three.
Minimum Guaranteed Interest Rate
1.00% to 3.00%, set quarterlyYour account is guaranteed to earn at least this rate every year, protecting you if markets decline.
Free Withdrawals
10% annually or interest-only systematic withdrawalsEach year after the first, withdraw up to 10% of your account value or take systematic interest payments without penalty.
Withdrawal Charges
7-year charge period; declines from 10% to 6%Surrender charges start at 10% in year 1 and decline to 0% by year 8. Charges don't apply if you use free withdrawal options.
Annuitization Date
Year 22 from policy start (can be deferred indefinitely)At year 22, you can begin receiving guaranteed lifetime income or continue accumulating without forcing annuitization.
Tax Deferral
Lifetime tax deferral while in accumulation phaseInterest accumulates tax-free until you withdraw it, allowing your money to compound faster than in a taxable account.
Highlights
Flexible premium deferred annuity with both fixed and indexed interest options for growth potential
5% premium bonus on first-year contributions with a 10-year vesting schedule
Multiple withdrawal options to access money without surrender charges, including 10% annual free withdrawals and systematic interest payments
Choice of three interest strategies: fixed rate, S&P 500 monthly average, or low-volatility annual reset options
Guaranteed minimum interest rate of 1.00% to 3.00% protects your principal
Surrender Schedule
Yr 1
10%
Yr 2
10%
Yr 3
10%
Yr 4
9%
Yr 5
8%
Yr 6
7%
Yr 7
6%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Investors aged 0-80 (annuitants) seeking long-term retirement savings with a mix of safety and growth potential, who want flexibility to access funds and the option to convert to lifetime income later.
Consider Alternatives If
Anyone who may need to access their full account value within the first 5-7 years, as surrender charges and bonus vesting schedules significantly reduce returns on early withdrawals.
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