National Western Life Insurance Co. offers term life and universal life insurance, according to National Western Life. It also offers fixed annuities, fixed indexed annuities and individual retirement accounts.Continue Reading
Life insurance provides for the financial needs of a member’s family when the member dies, states National Western Life. It covers expenses such as education, medical, funeral and burial, among others. The company offers flexible universal life insurance products with different premium payments. When a member pays premiums, the money goes into a policy account that earns interest. Insurance charges are deducted from the account, and insurance is uninterrupted as long as premiums are paid. Types of policies under universal life include Lifetime Returns, MAXwealth, ProviderSelect and Life 100.
The company offers both immediate and deferred annuities, says National Western Life. An immediate annuity starts making payments immediately the premium is paid, mainly during retirement. A deferred annuity allows members to benefit from accumulated money on a tax-deferred basis. Fixed annuities guarantee the premium and a minimum return rate. Fixed-indexed annuities have interest rates that are partly dependent on the equity market growth.
Roth IRAs are designed for married couples with an adjusted gross income below $181,000 and for single investors with an adjusted gross income below $114,000, explains National Western Life.Learn more about Insurance