NWL Ultra Classic
National Western Life Insurance Company
5.75%
Best Cap
10%
Free W/D
36
States
NWL Ultra Classic is a 13-year fixed indexed annuity designed for long-term retirement savings. It combines guaranteed minimum interest rates with opportunities to earn indexed returns tied to the S&P 500, offering flexibility to withdraw funds without surrender charges through multiple options.
Free Withdrawal
10%/yr
Available In
36 states
Min Premium
$2,000
Surrender
13 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| S&P 500 Index | Annual | 5.75% | 100% | -- |
| S&P 500 Index | Monthly | -- | 67% | -- |
| S&P 500 Low Volatility Daily Risk Control 5% USD Excess Return Index | Annual | -- | 120% | -- |
| Fixed Account | Daily | -- | -- | 3.1% |
Key Features
Contract Term
13 yearsThe annuity commitment period during which surrender charges apply
Minimum Guaranteed Interest Rate (MGIR)
1.00% to 3.00% (set quarterly, locked for 13 years)Your account value will never earn less than this rate, guaranteed for the entire contract term
Free Annual Withdrawals
10% annually (cumulative to 50%)Access your money without penalties up to this percentage each year
Interest Credit Options
Fixed rate (Option B), S&P 500 monthly average (Option A), point-to-point cap (Option J), low-volatility index (Option U)Different strategies to earn returns on your account value
Minimum Initial Premium
$2,000 (qualified) or $5,000 (non-qualified)The amount required to open the annuity
Issue Ages
Annuitant ages 0-80; Owner ages 0-85 (state variations apply)Who can purchase this annuity
Policy Loan Availability
Available with 100% Fixed Interest Option allocation at 7.4% interest (non-qualified only)Borrow against your contract value at a fixed rate
Annuitization Option
Available after 5th policy anniversary (1st year in Florida)Convert your account to guaranteed lifetime income payments
Highlights
Flexible premium deferred fixed indexed annuity with up to 13 years to accumulate tax-deferred growth
Multiple interest credit options including indexed strategies tied to the S&P 500 with participation rates and caps
Up to 10% annual free withdrawals (cumulative to 50%) plus systematic interest withdrawals without surrender charges
Guaranteed minimum interest rate (1.00%-3.00%) protects your principal value regardless of market performance
Optional withdrawal benefit riders available for guaranteed lifetime income without annuitization
Surrender Schedule
Yr 1
15%
Yr 2
14.75%
Yr 3
14%
Yr 4
13%
Yr 5
12.25%
Yr 6
11.25%
Yr 7
10.5%
Yr 8
9.75%
Yr 9
8.75%
Yr 10
8%
Yr 11
6%
Yr 12
4%
Yr 13
2%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Individuals age 0-80 seeking long-term tax-deferred growth with downside protection who have at least 13 years before needing full access to their funds and want flexibility to access portions of their money during the accumulation phase.
Consider Alternatives If
Anyone who may need immediate or unrestricted access to their entire investment before 13 years, or those in high tax brackets looking for current income (this product defers taxes but doesn't eliminate them).
Carrier Ratings
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