AUSTIN, Texas, July 9, 2015 /PRNewswire/ -- National
Western Life Insurance Company (Nasdaq: NWLI) announced today that
it has added a suite of Accelerated Death Benefit Riders to its
term product series, NWL® Term and NWL® Secure Term. The
riders, generally known as Living Benefits, provide an advance of
the death benefit for terminal illness, chronic illness and
critical illness.
"We believe the addition of these riders make a good product
great," said S. Christopher Johnson,
the Company's Domestic Chief Marketing Officer. Mr. Johnson added,
"Considering that these benefits were added at no additional cost
demonstrates the Company's commitment to providing its
policyholders with real value."
For those who qualify, the rider can accelerate a lump sum
benefit payment of up to 90% of the Face Amount of the policy, less
an actuarial discount determined by the Company, and less an
administrative fee (other terms and conditions apply). The amount
of the actuarial discount is based on the age and severity of the
applicable terminal illness, chronic illness or critical illness.
NWL® Term and NWL® Secure Term are level term insurance products
with guaranteed premiums for 10, 15, 20 or 30
years.
About National Western Life Insurance Company
Founded in 1956, National Western Life is a stock life insurance
company offering a broad portfolio of individual universal life,
whole life and term insurance plans, annuity products, and
investment contracts meeting the financial needs of its customers
in 49 states as well as residents of various countries in Central
and South America, the
Caribbean, Eastern Europe, Asia, and the Pacific Rim. The Company has approximately 270
employees and 21,000 contracted independent agents, brokers, and
consultants, and at March 31, 2015,
maintained total assets of $11.5
billion, stockholders' equity of $1.6
billion, and life insurance in force of $23.1 billion.
Contact: Paul Garofoli,
FLMI
Marketing Vice President
Phone: 800-760-3434, ext 207
FAX: 512-339-8350
E-Mail: pgarofoli@nationalwesternlife.com
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SOURCE National Western Life Insurance Company