National Western Life introduces new 10-year FIA with death benefit rider

National Western Life Insurance Company (National Western Life) announced the launch of NWL® Capital Solutions, a 10-year FIA that includes an optional Guaranteed Minimum Death Benefit Rider (GMDB), exclusive access to the J.P. Morgan Factor Focus^SM Index, and seven different index strategy options, including strategies linked to the Dow Jones Industrial Average.

As with other recently launched National Western Life products, NWL® Capital Solutions 10-year FIA has an all-electronic product design from sales to policy issue. Producers can submit applications electronically with NWL® e-Apps.

The addition of NWL® Capital Solutions 10-year FIA to a growing product suite serves as an important step in positioning National Western Life as a provider advisors can look to with confidence when helping their clients reach their retirement goals.

"NWL® Capital Solutions 10-year FIA provides advisors with a compelling FIA accumulation design with unique index options including the Dow Jones Industrial Average," said Paul A. Caspers, Vice President, Head of Sales. "The 10-year design is a sound alternative for clients looking for longer-term accumulation options. The Guaranteed Minimum Death Benefit Rider can help clients achieve their legacy planning goals."

Focusing on new product designs with competitive new and renewal rates, as well as cutting edge technology, are significant ways National Western Life is focused on changing the way business is done.

"Since 2021, we have been evolving in the way we do business to create a new National Western Life vastly different from what advisors have previously known," said Chad J. Tope, Chief Marketing Officer and Executive Vice President. "With these changes and upcoming new enhancements to our product portfolio, National Western Life is well-positioned to remain competitive in the industry for years to come."

The entrance of NWL® Capital Solutions into the marketplace is one more example of how National Western Life continues to meet the unique accumulation, income, and legacy planning needs of clients.

About National Western Life:

National Western Life Group, Inc. is the parent organization of National Western Life Insurance Company, which is the parent organization of Ozark National Life Insurance Company, both stock life insurance companies in aggregate offering a broad portfolio of individual universal life, whole life and term insurance plans, as well as annuity products. At December 31, 2022, the Company maintained consolidated total assets of $13.1 billion, consolidated stockholders' equity of $2.0 billion, and combined life insurance in force of $19.7 billion.