Newest FIA offers protection and accumulation, plus access to proprietary J.P. Morgan Factor FocusSM Index
AUSTIN, Texas, Aug. 10, 2022 /PRNewswire/ -- National Western Life Insurance Company (National Western Life) announced the launch of NWL® New Frontiers, an innovative addition to the Company's product suite. This new fixed indexed annuity exclusively offers access to the J.P. Morgan Factor FocusSM Index, while providing customers with the opportunity to take advantage of market gains and help with accumulation.
NWL® New Frontiers offers index strategies with one-year, two-year, and six-year durations. Customers interested in the six-year option can choose the J.P. Morgan Factor FocusSM Six Year Strategy, which includes an innovative Lock-In Index Value option. NWL® New Frontiers will be available exclusively through The Sterling Group, who assisted in the design of the product. This fixed indexed annuity is the second product made available to The Sterling Group and the first developed by the alliance.
"The launch of the NWL® New Frontiers annuity is exciting for all involved," said Chad J. Tope, National Western Life's Chief Marketing Officer and Executive Vice President. "With the help of The Sterling Group, we've created a powerful accumulation product that producers and customers will certainly gravitate toward."
As the Company continues implementing new systems and technological enhancements, the NWL® New Frontiers annuity will be one of several new products available only on the FireLight® platform, allowing producers to submit applications electronically for easier business. This system offers producers a more efficient and streamlined process, plus the ability to provide electronic delivery to clients.
"We look forward to continually enhancing our business process, and NWL® New Frontiers is one of several new and innovative products we are introducing to the marketplace," commented Mr. Tope. "We are excited to share it with customers and producers."
National Western Life Group, Inc. is the parent organization of National Western Life Insurance Company, which is the parent organization of Ozark National Life Insurance Company, both stock life insurance companies in aggregate offering a broad portfolio of individual universal life, whole life and term insurance plans, as well as annuity products. At June 30, 2022, the Company maintained consolidated total assets of $13.3 billion, consolidated stockholders' equity of $2.1 billion, and combined life insurance in force of $20.3 billion.
The J.P. Morgan Factor FocusSM Index ("Index") has been licensed to National Western Life Insurance Company (the "Licensee") for the Licensee's benefit. Neither the Licensee nor any National Western Life fixed indexed annuity (the "Annuity Product") is sponsored, operated, endorsed, recommended, sold, or promoted by J.P. Morgan Securities LLC ("JPMS") or any of its affiliates (together and individually, "J.P. Morgan"). J.P. Morgan makes no representation and gives no warranty, express or implied, to purchasers of the Annuity Product nor does J.P.
Morgan have any liability for any errors, omissions, or interruptions of the J.P. Morgan Index. Such persons should seek appropriate professional advice before making an investment or purchasing insurance. The Index has been designed and is compiled, calculated, maintained, and sponsored by J.P. Morgan without regard to the Licensee, the Annuity Product, or any policyholder. J.P. Morgan is under no obligation to continue compiling, calculating, maintaining, or sponsoring the Index. J.P. Morgan may independently issue or sponsor other indices or products that are similar to and may compete with the Index and the Annuity Product. J.P. Morgan may transact in assets referenced in the Index (or in financial instruments such as derivatives that reference those assets). These activities could have a positive or negative effect on the value of the Index and the Annuity Product.
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SOURCE National Western Life Insurance Company