Profile: National Western Life Group Inc (NWLI.OQ)
13 Jan 2017
National Western Life Group, Inc., formerly National Western Life Insurance Company, incorporated on March 6, 2015, is a stock life insurance company. The Company's segments include Domestic Life Insurance, International Life Insurance, Annuities and All Others. The Company provides life insurance products for the savings and protection needs of approximately 123,000 policyholders and for the asset accumulation and retirement needs of approximately 137,900 annuity contract holders.
The Company is licensed to do business in all states and the District of Columbia, except for New York. The Company's products marketed include annuities, universal life insurance and traditional life insurance, which include both term and whole life products. The Company markets and distributes its domestic products primarily through independent national marketing organizations (NMOs). The Company's international operations focus on foreign nationals in upper socioeconomic classes. The Company's insurance products are issued primarily to residents of countries in Central and South America, the Caribbean, the Pacific Rim, Eastern Europe and Asia.
The Company offers a portfolio of individual whole life, universal life and term insurance plans, and annuities, which include supplementary riders. The Company's life products provide protection for the life of the insured. The Company's product offerings include universal life insurance (UL), interest-sensitive whole life and traditional products, such as term insurance coverage. The Company's annuity products include flexible premium and single premium deferred annuities, equity-index (fixed-index) annuities and single premium immediate annuities. A single premium deferred annuity (SPDA) provides for a single premium payment at the time of issue, an accumulation period and an annuity payout period commencing at some future date. A flexible premium deferred annuity (FPDA) provides the same features but allows additional payments into the contract.
The Company competes with Pan-American Life Insurance, American Fidelity Life Insurance, Best Meridian Insurance, Allianz Life, American Equity Investment Life, Sammons Financial Group, Security Benefit Life, Fidelity and Guaranty Life, Athene USA, Jackson National Life, Equitrust Life Insurance Company, Pacific Life, National Life Group and Forethought Financial Group.
National Western Life Group Inc
850 E Anderson Ln
AUSTIN TX 78752-1638