Financial Strength Ratings for National Life Insurance Co. and Life Insurance Company of the Southwest are in GREEN BOLD and are current as of the end of the last business day.

**Green Bold

 A++   (Superior) 
 AAA   (Extremely Strong) 
 Aaa   (Exceptional) 
 National Life is rated A plus Superior **
 AA+   (Very Strong) 
 AA   (Very Strong) 
 AA-minus   (Very Strong) 
 Aa1   (Excellent) 
 Aa2   (Excellent) 
 Aa3   (Excellent) 
 A   (Excellent) 
 A-minus   (Excellent) 
 National Life is rated A plus Strong **
 A   (Strong)
 A-minus   (Strong) 
 National Life is rated A1 Good **
 A2   (Good) 
 A3   (Good) 
 B++   (Good) 
 B+   (Good) 
 BBB+   (Good) 
 BBB   (Good) 
 BBB-minus   (Good) 
 Baa1   (Adequate) 
 Baa2   (Adequate) 
 Baa3   (Adequate) 
 B   (Fair) 
 B-minus   (Fair) 
 BB+   (Marginal) 
 BB   (Marginal) 
 BB-minus   (Marginal) 
 Ba1   (Questionable) 
 Ba2   (Questionable) 
 Ba3   (Questionable) 
 C++   (Marginal) 
 C+   (Marginal) 
 B+   (Weak) 
 B   (Weak) 
 B-minus   (Weak) 
 B1   (Poor) 
 B2   (Poor) 
 B3   (Poor) 
 C   (Weak) 
 CCC+   (Very Weak) 
 CCC   (Very Weak) 
 CCC-minus   (Very Weak) 
 Caa1   (Very Poor) 
 Caa2   (Very Poor) 
 Caa3   (Very Poor) 
 C-minus   (Weak) 
 CC   (Extremely Weak) 
 Ca   (Extremely Poor) 
 D   (Poor) 
 E   (Under Regulatory
 F   (In Liquidation) 
 S   (Rating Suspended) 
 R   (Regulatory Action) 
 C   (Lowest) 

Ratings are subject to change.

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

One National Life Drive, Montpelier, Vermont 05604 - Telephone: 802-229-3333