INCOME DRIVER

Income Driver 10 SINGLE PREMIUM INDEXED ANNUITY

Protected From Market Risk

Ready to Grow

Predictable Guaranteed Lifetime Income

Income Driver is a single premium, fixed indexed annuity that provides predictable income for life — while protecting your principal from market loss

Get Predictable Income for Life

Products issued by Life Insurance Company of the Southwest®

25% Benefit Calculation Bonus with a Standard Guaranteed Lifetime Income Rider

Make your income last a lifetime. You have saved diligently for your retirement — but can you make your savings last for the rest of your life? Income Driver 10 with the Guaranteed

Lifetime Income Rider (GLIR) can help your savings become retirement income that you can never outlive, while you still retain access to the remaining cash value.

When the GLIR benefit is activated, you are guaranteed a predictable income stream  for the rest of your life!

Lifetime income can start immediately

The lifetime income you receive is determined by the amount in the Benefit Calculation Base, which is not a value that can be withdrawn. The Benefit Calculation Base is boosted from the start with a 25% bonus if you choose the Standard GLIR, which has an annual charge.

* You also have the option of a No-Charge GLIR, which does not offer a Benefit Calculation bonus. You can receive lifetime income as soon as you’re ready to activate the GLIR.

Level or increasing income

When you activate your Guaranteed Lifetime Income Rider, you can choose to get a level payment for life or an amount that will increase over time. If you select increasing income, your initial income will be lower than the level income, but your income will increase by 2.5% per year — until your accumulation value reaches zero dollars. Then, your income will lock in at the amount it has reached at that time.

Make your savings last Many seniors plan for a 20-year retirement, but for some that  may result in outliving their savings. According to data from the Social Security  Administration

*The Standard GLIR has a charge of 1% of the benefit base, deducted from the accumulated value annually

Choose the GLIR that's right for you

Both the Standard GLIR and the No-Charge GLIR provide a guaranteed lifetime income. You can choose the GLIR that works best for you when you purchase the Income Driver 10 annuity

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No-Charge GLIR

The No-Charge GLIR Benefit Calculation Base builds at an 10% simple roll-up rate until you activate the GLIR or after 10 years, whichever comes first.

Standard GLIR

The Standard GLIR credits an upfront 25% bonus to the Benefit Calculation Base. Then, the Benefit Calculation Base grows at a 10% simple roll-up rate until you activate the GLIR or after 10 years, whichever comes first.

Double your income when you need it most. Both of the GLIR options offer Income Doubler, which you can use if you become incapacitated. With Income Doubler, your income can be doubled for up to five years if:

  • Your policy has been in force for two years.
  • You cannot perform two of the six activities of daily living without the assistance of another individual, who is permanently helping you with: – Bathing– Dressing– Transferring– Toileting– Continence – Eating
  • Your policy has an accumulation value greater than zero dollars.
  • The elected income is based on one life only.
  • No withdrawals in excess of the current lifetime income have been taken in the current policy year. If Connie qualifies for the Income Doubler, her income for the next five years will double from $28,250 to $56,500

 

How your retirement savings can grow. To make sure you’re in the best position possible before drawing a lifetime income stream, Income Driver 10 gives you multiple options to grow the value of your annuity. You can choose a fixed rate or opt for getting interest credited based on the growth of a market index of your choice — without directly participating in the market.

Available indexes You have the choice between three market indexes

S&P 500® Index The S&P 500® is widely regarded as the best single gauge of the U.S. equities market. This world-renowned index includes a representative sample of 500 leading companies in leading industries of the U.S. economy. Although the S&P 500® focuses on the large-cap segment of the market, it is also an ideal proxy for the total market.

US Fundamental Balanced Index This index aims to minimize volatility through a blend of U.S. equities, U.S. treasuries, and cash. The asset classes are rebalanced daily to seek to minimize risk and the mix of U.S. equities is revised quarterly. This index was created and is owned by PIMCO.

Global Balanced Index This index aims to enhance risk-adjusted returns by tracking a blend of global asset classes: equities, bonds, and commodities. The index composition is rebalanced among asset classes monthly based on the SG Sentiment Indicator. This indicator is made up of six cross-asset market risk measures. The overall allocation is then reviewed daily to reduce market exposure in case of high volatility. This index was created and owned by Société Générale

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Never lose a penny. As the longest standing issuer of indexed annuities, National Life  Group has seen many stock market upswings and downturns. As retirement gets  closer, volatility is a worry for many, because there’s not much time to recover from  market losses.

The good news is that you’re not exposed to this risk because indexed annuities do not directly participate in any stock or equity investment, and you can never get less than 0% interest in any given period. That means that you can grow your retirement savings when markets do well — and never lose a penny of your interest earned and premium paid when markets fall

As with all Investment vehicles there is a decreasing surrender charge, an equal standard feature even if retaining a CD from a financial institution.

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Upside Potential

Grow the value of your policy.
• Diversify with multiple index crediting options, including a performance trigger option, which credits interest as long as the index did not lose value.
• Ask your financial professional about which options best suit your needs.

Tax-Deferred Growth

• Your money can potentially earn interest and grow tax deferred until withdrawn or received as income.
• Annuities owned by trusts or corporate entities may not enjoy tax deferral.

Downside Protection

Avoid market losses.
• Never lose a penny.*
• The least interest you are ever credited is 0%.

As with all Investment vehicles there is a decreasing surrender charge, an equal standard feature even if retaining a CD from a financial institution.
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What Happens After I Die?

With Income Driver 10, your named beneficiaries can avoid the expense, delay, and publicity of probate. If you are the Annuitant and you die while this annuity is in force, the full accumulation value will be paid to your beneficiary without withdrawal charges.

Growth Driver 10 fixed indexed annuity, Policy Form Series 20834(0123), or state variation thereof, the Guaranteed Lifetime Income Rider is Rider Form Series 20835(0123), or state variation thereof, Emergency Access Waiver rider, form series 20834(0123)EAW, Nursing Care Rider form series Form No. 7648, and Terminal Illness Rider form series Form No. 7649, are issued by Life Insurance Company of the Southwest. This advertising material is used by multiple states, some with varying form number requirements; therefore, all required variations are provided. Not all policies or riders are available in all states — please check with your agent regarding availability in your state. This advertising is not approved for use in DE, ID, OK, OR, WY.

  1. Buying an annuity within an IRA or other tax-deferred retirement plan doesn’t give you any extra tax benefits. If you’re thinking about purchasing an annuity as part of a retirement plan, base your decision on the annuity’s features and benefits, and on its risks and costs, not on tax considerations.

  2. Indexed annuities do not directly participate in any stock or equity investments.

  3. Cap and participation rates may change. When they change, new deposits will get updated rates. Premiums deposited before the rate change will keep their original rates until the end of the crediting period.

  4. The 0% floor provided by an indexed annuity ensures that during crediting periods where the index is negative, that no less than 0% interest is credited to the index strategy. This means that premiums paid and interest earned will not be reduced by market volatility. Rider charges continue to be deducted regardless of whether interest is credited.

  5. Assuming no withdrawals during the withdrawal charge period. Rate Booster charges continue to be deducted regardless of whether interest is credited.

  6. Assumes $100,000 growing at 3% interest and a 25% tax bracket. This is a hypothetical example for illustrative purposes only and does not represent the actual results of any particular financial product.

  7. The Rate Booster strategy is optional for all indexing strategies. Money allocated to a Rate Booster strategy has a 1% annual charge deducted from the accumulation value. Charges continue to be deducted as long as rate boosters are used, whether or not interest is credited.

  8. Insurance News Net, FIAs at Age 20, 2015. Not intended as a current statistic, this is included for historical perspective.

  9. Time Magazine, October 7, 2008. Not intended as a current statistic, this is included for historical perspective.

  10. Fortune, “Commentary: What’s Next for the Stock Market”, 2/13/2018. Not intended as a current statistic, this is included for historical perspective.

  11. Market Insider March 12, 2020 – Stock Market Erased $6 Trillion in Wealth Last Week. Not intended as a current statistic, this is included for historical perspective.

  12. See your policy for full details about withdrawal charges and the Market Value Adjustment. A Market Value Adjustment will apply to withdrawals in excess of the penalty-free withdrawal amount for the first 10 policy years.

  13. If permitted by the IRS. All withdrawals made from annuities with pre-tax contributions are taxed as ordinary income. All withdrawals from an annuity purchased with non-qualified monies are taxable as ordinary income only to the extent there is a gain in the policy. In addition, withdrawals prior to age 59½ may be subject to a 10% Federal Tax Penalty. You will still incur a bonus recapture charge, based on how long you’ve had the annuity and how much you withdraw.

  14. Dollar Cost Averaging (DCA) does not guarantee an advantage over not using the DCA feature.

  15. Depending on state availability. Use the Nursing Care Rider or Terminal Illness Rider to access a portion of your accumulation value without a withdrawal charge if you become confined to a nursing care facility or are diagnosed with a terminal illness, starting in year 2.

  16. Use the Emergency Access Waiver to have all withdrawal charges waived for 403(b) hardship or 457(b) unforeseen emergency distributions, if approved by the Plan/TPA. For separation from service or disability, withdrawals up to 20% of the accumulation value in years 2–4, and all withdrawals starting in year 5, don’t incur a withdrawal charge. To use this waiver, the policy must have been in force for at least one year. The MVA and bonus recapture are waived for Emergency Access Waiver benefits. All amounts withdrawn under the Emergency Access Waiver rider must be paid directly to the annuitant. At the time of the withdrawal, the policy must qualify under Internal Revenue Code Section 403(b) or 457(b). The withdrawal must be a legally permitted distribution under the applicable Internal Revenue Code. See your policy for full details.

LIMRA LOMA U.S. Individual Annuities Sales Survey, Participant’s Report, 3Q2024, published by LL Global, IncSM

TC7871447(0425)1

Products issued by Life Insurance Company of the Southwest®

National Life Group® is a trade name of National Life Insurance Company (NLIC), Montpelier, VT, Life Insurance Company of the Southwest (LSW), Addison, TX, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in NY.

No bank or credit union guarantee | Not a deposit | Not FDIC/NCUA insured | May lose value | Not insured by any federal or state government agency Guarantees are dependent upon the claims-paying ability of the issuing company.

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