AUSTIN, Texas, April 13, 2017 /PRNewswire/ -- National Western Life Insurance Company (NWL®) has announced the release of the NWL® Income Protector, the company's newest annuity offering. This flexible premium fixed rate product carries an optional Withdrawal Benefit Rider.
"The product design is unique and continues our tradition of creating innovative products with consumer features," said Dave Ramsey, National Western Life's Senior Vice President and Chief Actuary. "It addresses a need in the market that we feel is underserved."
The company has maintained a competitive stance in the marketplace by continually aiming to provide outstanding financial solutions to their clientele. NWL has sustained solid industry ratings having once again garnered an "A" (EXCELLENT) rating with A.M. Best Company and an "A" (STRONG) rating with Standard & Poor's.
NWL® Income Protector is now available through NWL's network of independent distributors and producers. For additional information about this product, please contact your agent or click here to access the product information brochure (product terms and availability may vary by state).
About National Western Life:
National Western Life Insurance Company (NWLIC) is a wholly owned subsidiary of National Western Life Group, Inc. (Nasdaq: NWLI). Founded in 1956, NWLIC is a stock life insurance company with a broad portfolio of individual universal life, whole life, and term insurance plans, as well as annuity products and investment contracts, meeting the financial needs of its customers in 49 states as well as residents of various international countries. NWLIC has 265 employees and approximately 27,500 contracted independent agents, brokers, producers, and consultants. At December 31, 2016, National Western Life Group, Inc. maintained total consolidated assets of $11.9 billion, stockholders' equity of $1.7 billion, and life insurance in force of $20.9 billion.
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SOURCE National Western Life Insurance Company