NWL Impact 7S
National Western Life Insurance Company
10%
Free W/D
17
States
The NWL Impact 7 is a fixed indexed annuity designed for long-term retirement savings that offers both growth potential tied to market performance and guaranteed income protection. It's ideal for conservative investors seeking tax-deferred accumulation with access to their money when needed.
Free Withdrawal
10%/yr
Available In
17 states
Min Premium
$2,000
Surrender
8 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
Index-Linked Interest
30%-20% minimum participation rates, up to 6% asset feesChoose between S&P 500 monthly average, fixed rate, or low-volatility annual reset strategies to grow your money
Guaranteed Minimum Interest Rate
1.00% to 3.00%Your money earns at least this rate even if markets perform poorly; set quarterly and guaranteed for the full contract term
5% Premium Bonus
Full death benefit access immediately; withdrawal access after year 6Receive an instant 5% bonus on all premiums paid in year one, vesting gradually over 10 years for better long-term value
Free Annual Withdrawal
10% annual accessWithdraw up to 10% of account value plus vested bonus each year after year one without surrender charges
Lifetime Income Option
Guaranteed 1.25% interest rate for settlement calculationsConvert your accumulated value into guaranteed monthly or annual payments that last your entire life at the 22-year mark
Tax Deferral
Qualified and non-qualified contract optionsInterest and gains compound tax-free until you withdraw, allowing more money to remain invested and grow
Highlights
Earn interest linked to the S&P 500 Index with downside protection—your money never earns less than the guaranteed minimum rate
5% premium bonus on first-year contributions, vesting over 10 years for tax-deferred growth
Flexible access to your money with multiple withdrawal options and a 10% annual free withdrawal after year one
Annuitize at year 22 with guaranteed lifetime income, or keep the contract growing with NWL for life
Surrender Schedule
Yr 1
9%
Yr 2
7.75%
Yr 3
6.5%
Yr 4
5.25%
Yr 5
4.25%
Yr 6
3.25%
Yr 7
2%
Yr 8
1%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Retirees and near-retirees who want tax-deferred growth, guaranteed income potential, and some protection from market downturns while maintaining flexibility to access their money.
Consider Alternatives If
Investors seeking immediate access to all their money penalty-free should avoid this product due to the 7-year surrender charge period and 10-year contract term.
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