Classic Product Information

NWL Ultra Classic

Product Type Fixed Indexed Flexible Premium Deferred Annuity

Issue Ages*

Annuitant 0 – 80: Q/NQ

TX: 0 – 57, OH: 0 – 56, FL: 0 – 85, CA: 0 – 56

Owner Ages

(If Different from Annuitant)

0 – 85: Q/NQ

Premium

Minimum Q – $2,000 NQ – $5,000

Maximum Up to $500,000 per annuitant without prior approval

Additions $100 Minimum

Interest Strategies

Option A Annual Reset – Monthly Average with a Participation Rate and Asset Fee

Option B Fixed Interest Rate

Option J Annual Reset – Annual Point-to-Point with an Annual Cap and Annual Charge

Option U Annual Reset – Low Volatility Daily Risk Control 5% Excess Return

MGIR The Minimum Guaranteed Interest Rate is never less than 1.00% and never more than 3.00%.

MGCV The Minimum Guaranteed Contract Value equals 87.5% of premiums received, less withdrawals and withdrawal charges, accumulated at the MGIR.

Free Withdrawals

10% Account Value once annually AFTER the 1st policy year – Cumulative to a maximum of 50%, or Systematic withdrawal of interest after 1st policy year,

or Required Minimum Distribution in all policy years

Early Withdrawal Charges**

Policy Year

1         2            3        4           5          6           7          8       9       10      11      12      13     14+

% 15.00   14.75   14.00   13.00   12.25   11.25    10.50   9.75   8.75   8.00   6.00   4.00   2.00  0.00

Death Benefit*

Contract Value

Additional Benefits

Medical Stay Waiver (Annuitant Up to Age 75 on Policy Date),

Accidental Death Benefit (Terminates on Annuitant’s Age 75),

Terminal Illness Benefit

Withdrawal Benefit Riders

Income Outlook Plus 5 Withdrawal Benefit Rider and Income Outlook Withdrawal Benefit Rider

Policy Loan*

NQ Contracts Only: Available 30 days after issue, up to 60% of the Contract Value.

Must be allocated 100% to Fixed Interest (Option B). Loan Rate is 7.4% in advance.

Annuitization* Annuitize full Contract Value AFTER 5th policy year for a minimum of 5 years

State Specific Variations

Death Benefit LA: Contract Value paid out as a settlement option or CSV if paid as a lump sum Policy Loan VA & VT: No Loans until after Premiums have been paid for 3 full years, then up to 100% of the cash surrender value.

Annuitization FL: 1st Annv-10yrs+, 2nd Annv-7yrs+, 3rd Annv-5yrs+; or Life

Financial Ratings

A.M. Best: A (Excellent) S&P: A (Strong)

*See State Specific Variations. **Maximum charges may vary by issue age and state.

For Agent Use Only. This document has not been approved under the advertising laws of your state for dissemination to individual purchasers.

Future Product Information

NWL Ultra Future

Western National Life.

Ultra Future

Bonus Product

Fixed Indexed Flexible Premium Deferred Annuity

Product Term 15 Years

Premium Bonus

9.00% First Year (7.75% in Puerto Rico)

4.75% Years 2-5

Issue Ages

Annuitant

0 – 80: Q/NQ

TX: 0 – 55, OH: 0 – 54, CA: 0 – 54

Owner

(If Different from Annuitant)

0 – 85: Q/NQ

Premium

Minimum Q – $2,000 NQ – $5,000

Maximum $500,000 without prior approval

Additions $100 Minimum

Interest Strategies

Option A – Annual Reset – Monthly Average with a Participation Rate and Asset Fee

Option B – Fixed Interest Rate – Minimum Guaranteed Interest Rate = 1.00%

Option U – Annual Reset – Low Volatility Daily Risk Control 5% Excess Return

MGIR   The Minimum Guaranteed Interest Rate is never less than 1.00% and never more than 3.00%.

MGCV  The Minimum Guaranteed Contract Value equals 87.5% of premiums received, less withdrawals and withdrawal charges, accumulated at the MGIR.

Free Withdrawals

10% Account Value once annually AFTER the 1st policy year – systematic withdrawal of interest after 1st policy year, or Required Minimum Distribution in all policy years

Early Withdrawal Charges**

Policy Year

1       2          3       4        5         6        7       8         9       10      11     12   13    14    15     16+

% 19.25 18.50 17.75 16.75 16.00 15.25 14.50 13.50 12.75 12.00 10.00 8.00 6.00 4.00 2.00     0

Death Benefit* Contract Value

Withdrawal Benefit Riders

Income Outlook Plus 5 Withdrawal Benefit Rider and Income Outlook Withdrawal Benefit Rider

Policy Loan*

NQ Contracts Only: Available 30 days after issue, up to 60% of the Contract Value.

Must be allocated 100% to Fixed Interest (Option B). Loan Rate is 7.4% in Advance.

Annuitization* Annuitize full Contract Value AFTER 5th policy year for a minimum of 5 years

State Specific Variations

Death Benefit LA: Contract Value paid out as a settlement option or CSV if paid as a lump sum Policy Loan VA & VT: No Loans until after Premiums have been paid for 3 full years, then up to 100% of the cash surrender value.

Annuitization FL: 1st Annv-14yrs+, 2nd Annv-7yrs+, 3rd Annv-5yrs+; or Life

Early Withdrawal Charges for TX:

Policy Year

1        2        3        4       5       6       7       8       9      10    11      12     13     14    15     16+

% 12.50  11.75 10.75 10.00  9.00 8.25  7.25  6.25  5.50  4.50  3.75  3.00  2.25  1.50  0.75  0.00

Selling Points 5×5 Annuitization Option

Financial Ratings

A.M. Best: A (Excellent) S&P: A (Strong)

*See State Specific Variations. **Maximum charges vary by issue age and state.

For Agent Use Only. This document has not been approved under the advertising laws of your state for dissemination to individual purchasers.

The NWL Ultra Future® (Policy Form 01-1137-04 and state variations, 01-1148-13-TX in Texas) is issued by National Western Life Insurance Company®, Austin, TX. See policy for details. Product, additional benefits, and withdrawal benefit riders not available in all states. Certain limitations and exclusions apply. There may be restrictions on premiums received after the first policy year.

Suitablility Guidelines

A general NWL suitability guideline for a client at or nearing retirement age typically (age 65+) is to have at least 1.5 – 2 years of their annual expenses in liquid assets in the event of an emergency after the purchase of one of our annuities.

Typically, annuities – including the one being applied for – should not make up more than 60% of a client’s liquid net worth. The older the client, the less of his/her assets we’d expect to see allocated to long term annuities.

Liquid assets include:

  • Cash
  • Checking/Savings Accounts
  • Matured CDs
  • Penalty free amounts from deferred annuities
  • Some Stocks/Mutual Funds/Bonds

Illiquid assets include:

  • Real Property excluding primary residence, such as investment/rental property
  • Retirement Accounts including 401(k), 403(b), Annuities, Pension Plans (for clients under 59 ½)
  • Life Insurance
  • Annuities in deferral

Commissions and Chargebacks

National Western Life Ultra Classic FIA  (Effective for all policies submitted on or after 07/01/2021)

NWL ULTRA CLASSIC® NWL ULTRA CLASSIC®
All states except FL, TX, LA, CA, PR (State of TX Only)
Non-Qualified Annuities and Non-Qualified Annuities and
Roth Annuities > $24,999 Roth Annuities > $24,999
First Year (Issue Ages 0 – 75) …….. 5.4% Issue Ages 0-57
First Year (Issue Ages 76 – 80) ….. 4.2% First Year ………………………….. 4.00%
Qualified Annuities and Qualified Annuities and
Roth Annuities < $25,000 Roth Annuities < $25,000
First Year (Issue Ages 0 – 70) ……….. 4.12% Issue Ages 0 – 57
First Year (Issue Ages 71 – 75) ……… 3.01% First Year ………………………….4.00%
First Year (Issue Ages 76 – 80) ………. 2.52%
NWL ULTRA CLASSIC®
NWL ULTRA CLASSIC® (State of LA Only)
(State of Florida Only) Non-Qualified Annuities and
Non-Qualified Annuities and Roth Annuities > $24,999
Roth Annuities > $24,999 First Year (Issue Ages 0 – 75) ………  5.93%
First Year (Issue Ages 0 – 75) ……….. 4.60% First Year (Issue Ages 76 – 80) …… 5.00%
First Year (Issue Ages 76 – 80) …… 3.40%
First Year (Issue Ages 81 – 85) ……… 1.80%
Qualified Annuities and
Qualified Annuities and Roth Annuities < $25,000
Roth Annuities < $25,000 First Year (Issue Ages 0 – 70) ……… 5.93%
First Year (Issue Ages 0 – 70) ……… 4.60% First Year (Issue Ages 71 – 75) ……. 4.87%
First Year (Issue Ages 71 – 75) …… 2.60% First Year (Issue Ages 76 – 80) ……. 4.33%
First Year (Issue Ages 76 – 80) …… 2.60%
First Year (Issue Ages 81 – 85) ……… 0.60%
NWL ULTRA CLASSIC®
(Puerto Rico Only)
Non-Qualified Annuities and
Roth Annuities > $24,999
First Year (Issue Ages 0 – 75) ……….. 4.60%
First Year (Issue Ages 76 – 80) …… 2.60%
Qualified Annuities and
Roth Annuities < $25,000
First Year (Issue Ages 0 – 70) ……….. 4.60%
First Year (Issue Ages 71 – 75) …..  2.60%
First Year (Issue Ages 76 – 80) ……… 2.20%

National Western Life Impact 10  (Effective for all policies submitted on or after 07/01/2021)

NWL IMPACT 10®
(All other states approved)
Non-Qualified Annuities and
Roth Annuities > $24,999
First Year (Issue Ages 0 – 75) …….. 4.26%
Qualified Annuities and
Roth Annuities < $25,000
First Year (Issue Ages 0 – 70) ……….. 4.26%
NWL IMPACT 7S®
(All other states approved)
Non-Qualified Annuities and
Roth Annuities > $24,999
First Year (Issue Ages 0 – 75) …….. 3.19%
Qualified Annuities and
Roth Annuities < $25,000
First Year (Issue Ages 0 – 70) …….. 3.19%
First Year (Issue Ages 71 – 75) …….. 2.45%

CHARGEBACKS

For deaths, full surrenders, partial withdrawals and/or Required Minimum Distributions (RMDs) occurring within the first contract anniversary year, the following chargeback percentages apply: 1) All products National Western Life products: 100% chargeback from the date of issue through the end of the first contract anniversary date; and 50% chargeback during the second contract year.

For cancellations by National Western Life, there is a 100% commission chargeback throughout the entire surrender charge period of the contract. In addition and not limited by the forgoing, National Western Life reserves the right to chargeback commissions at any time, in its sole discretion.

COMMISSION REDUCTIONS

Applicable state reductions will be applied based on age and state of issue.  All applications submitted for California residence will incur a 7% commission reduction.

All annuity commissions will be held for a period of 30 days following the provider receiving all requirements pertaining to the policy.  Commissions will be paid on the cycle following the expiration of the 30 day hold period.  This includes but is not limited to the delivery requirements.

AAG reserves the right to update any commissions or payment rules at it’s sole discretion and without notice.