National Western Life Adds Living Benefit Riders to Term Products
"We believe the addition of these riders make a good product great," said
For those who qualify, the rider can accelerate a lump sum benefit payment of up to 90% of the Face Amount of the policy, less an actuarial discount determined by the Company, and less an administrative fee (other terms and conditions apply). The amount of the actuarial discount is based on the age and severity of the applicable terminal illness, chronic illness or critical illness. NWL® Term and NWL® Secure Term are level term insurance products with guaranteed premiums for 10, 15, 20 or 30 years.
About
Founded in 1956, National Western Life is a stock life insurance company offering a broad portfolio of individual universal life, whole life and term insurance plans, annuity products, and investment contracts meeting the financial needs of its customers in 49 states as well as residents of various countries in Central and
Contact:
Marketing Vice President
Phone: 800-760-3434, ext 207
FAX: 512-339-8350
E-Mail: [email protected]
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SOURCE
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