0.00% 

The minimum guaranteed interest rate is set for new policies each calendar quarter.  It is never less that 1% or more than 3%.  The minimum guarantee interest rate is guaranteed for the contract term.  At the end of the contract term, the minimum guaranteed interest rate will be re-determined. 

Minimum initial premium for NQ(0-80) is $5,000 and for Q(0-80) $2,000.  The maximum initial premium is $500,000, larger amount require prior home office approval.  The minimum additional premium is $100.  

9 

0 - 80 

Withdrawal charges will apply during the first nine (9) policy years if such withdrawals exceed the free withdrawal amounts.  The withdrawal charges are beginning in year 1:
9.25%, 8.25%, 7.25%, 6.25%, 5%, 4%, 3%, 2%, 1%, 0% 

10% Penalty-Free Withdrawals (once annually) INCLUDING 1st policy year, or 	Systematic withdrawal of interest in first yr.	

Full Account Value at Death (in the state of LA- Contract Value paid out as if under a settlement option or CSV if paid as lump sum payment)

Annuitization at full contract value after 5th policy year for a minimum of 5 years.

For FL:
Annuitization of full contract value: After 1st policy year (but before 2nd anniversary) for a minimum of 10 years; after 2nd anniversary (but before 3rd anniversary) for minimum of 7 years; after 3rd anniversary for minimum of 5 years. 	

 

There are five interest crediting strategies or options.

Option A: S&P 500 Annual Ratchet with Monthly Average 

Option B: Fixed Interest Rate 

Option D: S&P 500Annual Ratchet with Monthly Cap

Option J: S&P 500 Annual Ratchet with Annual Point-to-Point with Cap

Option K: Annual Ratchet with Monthly Average of four Indexes with No Cap
S&P 500® Composite Stock Index, the Nikkei 225 Index, the Dow Jones EURO STOXX 50® Index, and Hang Seng Index (dividends are excluded from each).

Option K Weighted Index Return is determined by multiplying the Index Return for each of the four Indexes by a weighing factor and adding the 
results together, times the Participation Rate, then minus the asset fee.
--The highest Index Return is multiplied by 40%.
--The next highest Index Return is multiplied by 30%.
--The next highest Index Return is multiplied by 20%.
--The lowest Index Return is multiplied by 10%. 
 

NationalWestern_Rates.pdf 

Guaranteed Lifetime Withdrawal Rider – Income Outlook Plus 5
(Available at issue only. Not available in all states; check state availability)
Allows owner/annuitant to receive guaranteed income for life w/o annuitization. The income amount is a percentage of the Withdrawal Payment Base (WPB) based on the age at time of election. The Accumulation Period Withdrawal Payment Base (APWPB) equals all premiums plus the 5% Rider Premium Bonus plus 5% fixed interest rate (“rollup”) for a fixed period of 10 years; restarts (at the Account Value amount if higher than APWPB) available every 5 years during Accumulation Period at the then declared rollup rate. The current rider charge is 0.75%. The rider fee is taken from the Account Value every year but not from the APWPB.

5% Rider Premium Bonus on 1st Yr. Premium: 5% subject to vesting. Immediately vested in the APWPB for purposes calculating withdrawal payments; immediately vested for purposes of the death benefit.

Step-Up: If, at the end of any policy year, the Account Value is greater than the greatest WPB during the Withdrawal Period (WP), the WPB is reset to the Account Value on the first day of the next policy year. 

Owner/annuitant eligible to elect Withdrawal Payments at age 60 and after the first contract year.  


Guaranteed Withdrawal Percentages:

O/A Age    Single O/A      Joint O/A
60-64              5.0%          4.0%
65-69              5.5%          4.5%
70-74              6.0%          5.0%
75-79              6.5%          5.5%
80-84              7.0%          6.0%
85-89              7.5%          6.5%
90+                 8.0%          7.0%

Annuitization at full contract value after 5th policy year for a minimum of 5 years.

Policy Loans: 30 days after issue, up to 60% of the Contract Value earning Fixed Rate; loan rate 7.4% in advance. VA & VT no loans until after 3 years.

 

Commission
NQ - First Year
Ages               Commission
0-75                   7.00%
76-80                  5.00%

Years 2-5
All Ages                     1.00%

Q - First Year
Ages                     Commission
0-70                          7.00%
71-75                        4.50%
76-80                        2.50%

Years 2-5
All Ages                       1.00%

For FL:
Commission
NQ - First Year
Ages               Commission
0-75                   5.00%
76-80                  3.00%
81-85                  0.50%

Years 2-5
All Ages                     1.00%

Q - First Year
Ages                     Commission
0-70                          5.00%
71-75                        2.50%
76-80                        0.50%

Years 2-5
All Ages                       1.00%

Chargebacks to Agent	 at Surrender: 100% 1st six months; 50% 2nd six months; none thereafter.

Chargebacks at Death: 100% 1st six months; 50% 2nd six months; none thereafter.
 

Alabama
Alaska
Massachusetts
New York
Oregon
Vermont
Virginia
Washington