Monthly Average with a Participation Rate and Asset Free Rate
Option A
To calculate your annual return under Interest Credit Option A, NWL first calculates the Index Average. The Index Average is the average of the S&P 500® Index Values corresponding to the 12 Index Dates each Policy Year. The Index Value on the Policy Date (or prior Policy Anniversary if not the first Policy Year) is then subtracted from the Index Average. This difference is then divided by the Index Value on the Policy Date (or prior Policy Anniversary if not the first Policy Year). The resulting value is multiplied by the Participation Rate for the Policy Year and then reduced by the Asset Fee Rate for the Policy Year. To calculate annual return amount, multiply the annual return by the premium. For Policy Year 1, premiums received within 20 days after the Policy Date, or in subsequent years, the previous Policy Anniversary Account Value. The Index Date is the same day each month as the day immediately before the Policy Date. For example, if the Policy Date is August 10th, NWL® will average the Index Value for the 9th day of each month beginning with September 9th and concluding for that year with the next August 9th. The Index Value is the closing value of the S&P 500® Index on a scheduled trading day. The Index Value on the Policy Date is the Index Value on the first day preceding the Policy Date for which the Index Value is available. The Index Value on any
Policy Anniversary is the Index Value on the first day preceding the Policy Anniversary for which the Index Value is available. The Interest Credit for Option A will never be less than zero.
Index
S&P 500®
Minimum Participation Rate
30.00%
Maximum Asset Fee Rate
6.00%
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