CUSIP Number:
638512269
CUSIP Name:
9 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The NWL Ultra Value is a flexible premium deferred index annuity. The minimum single premium is $2,000 for qualified and $5,000 non-qualified money. Additional contributions can be made for $100 or more. 10% of the purchase payment may be withdrawn after the first policy year and interest earned may be withdrawn during the first policy year without incurring a surrender charge. Systematic Withdrawal and RMDs are an option. Surrender charges are nine years in duration and are waived in the event of annuitization or death. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. Early surrender charges may also apply. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC
Last Modified:
11 Oct 2024 07:47