NWL Ultra Future
National Western Life Insurance Company
10%
Free W/D
45
States
NWL Ultra Future is a deferred fixed indexed annuity designed for long-term retirement savings that offers tax-deferred growth linked to stock market performance while protecting against market downturns through a guaranteed minimum interest rate.
Free Withdrawal
10%/yr
Available In
45 states
Min Premium
$2,000
Surrender
15 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| S&P 500 Index | Monthly | -- | 58% | -- |
| S&P 500 Low Volatility Daily Risk Control 5% USD Excess Return Index | Annual | -- | 110% | -- |
| Fixed Account | Daily | -- | -- | 3% |
Key Features
Premium Bonus
9% first year (7.75% in Puerto Rico); 4.75% in years 2–5Your initial premiums receive an immediate boost to your account value
Indexed Interest Options
Option A, Option B, or Option U (can allocate in any combination)Choose how your money earns interest: fixed rate, monthly-average index tracking, or annual-reset low-volatility index strategy
Guaranteed Minimum Interest Rate (MGIR)
1.00%–3.00%, set quarterly and guaranteed for entire contract termYour account value is guaranteed to earn at least this rate every year, regardless of market performance
Minimum Guaranteed Contract Value (MGCV)
Never less than 87.5% of premiums paid, accumulated at the MGIRYour account is protected to never fall below this floor, no matter what
Free Withdrawal Allowance
10% annually, or systematic interest-only withdrawals (minimum $100)You can access up to 10% of your account value each year after the first year without penalty
Withdrawal Charge Period
15-year surrender period with declining penalty rates (19.25% year 1 down to 0% year 16+)Penalties apply if you withdraw more than allowed during the first 15 years; charges decline each year and reach zero after year 15
Contract Term
15 yearsThe period during which withdrawal charges apply; after this, you can access funds penalty-free
Death Benefit
Contract Value as lump sum or settlement optionIf you pass away before annuitization, your beneficiary receives the full contract value
Policy Loan Option
Up to 60% of contract value at 7.4% interest in advanceBorrow against your account value without withdrawing (non-qualified contracts only)
Settlement Options
Available starting year 5 (year 1 in Florida); includes life income, period-certain, and refund optionsConvert your accumulated value to guaranteed lifetime income through various annuitization choices
Tax Deferral
Tax-deferred accumulation throughout contract termInterest earned is not taxed annually; taxes are deferred until withdrawal, allowing compound growth on money that might otherwise go to taxes
Highlights
Earn interest linked to the S&P 500® index with downside protection—your money never earns less than the guaranteed minimum rate
Flexible premium payments starting at just $2,000 (qualified) or $5,000 (non-qualified) with no maximum requirement
Tax-deferred growth means your interest compounds without annual tax bills until you withdraw
Multiple withdrawal options including 10% annual free withdrawals, systematic interest payments, and policy loans to access your money without penalties
Surrender Schedule
Yr 1
19.25%
Yr 2
18.5%
Yr 3
17.75%
Yr 4
16.75%
Yr 5
16%
Yr 6
15.25%
Yr 7
14.5%
Yr 8
13.5%
Yr 9
12.75%
Yr 10
12%
Yr 11
10%
Yr 12
8%
Yr 13
6%
Yr 14
4%
Yr 15
2%
After
0%
Best For
Investors aged 0–80 seeking long-term retirement accumulation who want tax-deferred growth with stock market upside potential but need downside protection and guaranteed minimum returns, and who can commit funds for at least 5–15 years.
Consider Alternatives If
Investors who need immediate access to their full account value without penalties, those uncomfortable with the surrender charge structure, or individuals unable to commit funds long-term.
Carrier Ratings
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