Annuity Atlas
Reviews

Expert review · 2025

National Western Life review

Annuity Atlas has published 8 editorial reviews of National Western Life products. Average peer-group rating 3.5 / 5, top-rated product earns 3.9 / 5. Browse the full lineup below.

Our rating

3.5
Avg ★ / 5
Products reviewed8
A.M. BestA
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Reviews published
8
Average rating
★ 3.5 / 5
A.M. Best
A
Categories covered
FIA · MYGA
01

8 National Western Life annuities reviewed

Sorted by star rating. Click any product for the full peer-group review.

ProductTypeSurrenderRatingIncome riderBonus
Ultra Value
Accumulation-focused buyers using long-term money who want principal protection, a small day-one boost to account value, and uncapped participation crediting — and who can leave the money alone for most of nine years
FIA9yr★ 3.9—2% (Account Value, Policy Years 1–5)Review →
Impact 7
Buyers who genuinely intend to leave the money untouched for a full decade, want uncapped index-linked crediting, and understand that the headline 5% bonus is a stay-the-course reward, not free cash at signing
FIA7yr★ 3.8—5%Review →
Impact 10
Buyers who are certain they can leave the money untouched for the full 10 years and want a bonus-boosted, principal-protected accumulation contract with an optional income rider they can add at issue
FIA10yr★ 3.7—7%Review →
Core Dynamic
Accumulation-focused buyers who want a mid-length surrender period, no income-rider complexity, and built-in medical-stay withdrawal relief, and who are willing to get a fresh rate quote before committing
FIA7yr★ 3.5——Review →
Pro Dynamic
Long-horizon savers who want a plain, no-rider fixed indexed annuity and are willing to call the carrier or their agent for a current rate sheet before signing
FIA10yr★ 3.5——Review →
Ultra Classic
Buyers with a genuinely long time horizon who want indexed growth potential, are comfortable with National Western Life's A- rating, and don't need a premium bonus to justify a long commitment
FIA13yr★ 3.5——Review →
Ultra Future
A younger, patient buyer who wants the largest upfront premium bonus available, will genuinely not touch the money for fifteen years, and values a full-account-value death benefit that carries the bonus intact
FIA15yr★ 3.2—9.00% Year 1 (7.75% in Puerto Rico) + 4.75% Years 2-5, applied to premiums/Account ValueReview →
Protector One
Conservative savers who want a floor-rate guarantee and are comfortable carrying renewal-rate uncertainty for nine of the ten surrender years
MYGA10yrA——Review →
02

Income rider fees

Disclosed charges for optional riders on National Western Life products, live from Annuity Rate Watch. Product-level detail is on each review.

RiderProductFee
Income OutlookImpact 101.00% annually (limited to interest) (1.00% max)
Income Outlook NHImpact 101.00% annually (limited to interest) (2.00% max)
Income Outlook Plus 5Impact 101.50% annually (1.50% max)
Income Outlook Plus 5 NHImpact 101.50% annually (2.00% max)
03

Frequently asked questions

Is National Western Life a good annuity company?
National Western Life earns an average rating of 3.5/5 across the 8 products we've reviewed, and A.M. Best rates the carrier A for financial strength.
What are the fees for National Western Life annuities?
Fee structures vary by product. Optional income riders on National Western Life products carry disclosed charges — for example Income Outlook (Impact 10): 1.00% annually (limited to interest) (1.00% max); Income Outlook NH (Impact 10): 1.00% annually (limited to interest) (2.00% max); Income Outlook Plus 5 (Impact 10): 1.50% annually (1.50% max). See each product review for the full fee detail.
What is the surrender period for National Western Life annuities?
Surrender periods on National Western Life's current lineup run 7–15 years, depending on the product. Most products allow an annual free-withdrawal amount before charges apply — the product table above shows each product's surrender length, and each review covers the exact schedule.

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