November, 24 2017

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National Western Life Insurance Review

National Western Life Insurance Review

Author
  • Price
  • Financial Strength

National Western Life Insurance Review

Pros: Stock Price– National Western Life Insurance Company is financially strong with an A (Excellent) rating from A.M. Best and a current stock price (as of this writing) is $247.83 a share. Advanced Product Offerings– NWL offers a diverse selection of life insurance interest sensitive life insurance products and annuity contracts for asset accumulation and retirement needs.

Cons: Their term life insurance rates are not the most competitive available.  (See table below)

Bottom Line: National Western Life Insurance Company has been around since 1956 and is a financially strong insurer that has an A (Excellent) rating from the preeminent rating agency A.M. Best.  National Western Life caters more to wealthy individuals as many of their product offerings are interest sensitive such as universal life, whole life and annuity contracts. When comparing their traditional term life insurance prices we found that they are not the most competitive available on the market.  As with all the companies we review, we recommend that you receive a quote from National Western Life Insurance and from the other top life insurance companies in America and choose the best policy for you.

About

Founded: 1956

Type: Public Company- NASDAQ: NWLI

Website:  nationalwesternlife.com

Phone: (800) 531-58442

Address: 850 East Anderson Lane, Austin, TX 78752

A.M Best Rating: A (Excellent) Third highest of 16 possible ratings

Comdex Ranking: 79 out of 100

BBB Rating: A+

Life Insurance Products: Products: Term Life Insurance, Universal Life Insurance, Whole Life and Annuity products

Competitors: ANICO, Allianz Life Insurance Company, Fidelity & Guaranty Life, American General Life, Banner Life, Protective Life, Primerica, Genworth Life, Pacific Life Insurance, North American Co, Lincoln National Life, ING-ReliaStar, Transamerica, Prudential, Midland, Cincinnati Life, Grange Life Insurance Company, Symetra Life Insurance Company, Mutual of Omaha, John Hancock, PennMutual, Principal, State Farm, Farmers, Allstate, TIAA-CREF, Guardian, OneAmerica, Minnesota Life, RiverSource, Allianz Life Insurance Company, Thrivent Financial for Lutherans, AAA, Erie, Sagicor, Amica, Assurity, Colonial Penn, AARP, Globe Life, Ohio National Life Group, New York Life, Northwestern Mutual, EMC National Life, Motorists Life, Pan-American Life, National Life Group, American Family, Shelter, HoraceMann, Country Financial, Group Life Insurance, Supplemental Life Insurance, Aflac, Voluntary Life Insurance, Unum,  MassMutual.

 

Price Comparison

Sample rates for a $250,000 policy on a 20-year term at each company’s preferred health class, for a 40-year old male, non-smoker.

AgeNWLIAIGBanner LifeMetLife
40$31.60$24.85$25.59$33.44

 

 

What is your experience with National Western Life Insurance Company?  Tell others if you would recommend them to your friends and family.  Please leave a comment and rating below.

**This review is for the traditional term life insurance product of National Western Life Insurance Company.  This review did not asses their interest-sensitive products such as universal, whole life or their annuity products.

Summary
Review Date
Reviewed Item
National Western Life Insurance
Author Rating
3