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SecurePlus VIP Credited Interest Rates
The SecurePlus VIP (Value and Income Plan1) fixed indexed annuity offered by National Life Group, through its member company Life Insurance Company of the Southwest, is especially designed to compliment traditional 401(k) investment choices. SecurePlus VIP has been specifically designed for 401(k) plans – it is today’s product for today’s needs and focuses on delivering safety and predictability for retirement savings while providing flexibility for changing circumstances. SecurePlus VIP offers the ultimate protection – protection of premiums paid assuming no withdrawals and interest earned, protection of having guaranteed2 income for life, protection against unexpected expenses and protection of death benefit for beneficiaries. No other solution makes the retirement journey as simple—or as powerful. SecurePlus VIP is appropriate for employees who want guarantees and are risk averse and/or approaching retirement, yet does not displace the other traditional investment selections offered in any 401(k) retirement plan. Participants receive upside earning potential if they choose the index interest crediting option, but no downside risk if the markets fall because the annuity Accumulation Value can move in only two directions: up or sideways, never down.
The required Guaranteed Lifetime Income Rider (“GLIR”)3 creates an additional withdrawal option for the annuity. The Rider uses a formula to determine the amount that may be withdrawn for the life of an annuitant without annuitization. The annuitant has the peace of mind that they have an income they cannot outlive while retaining total control of their money. The policy will continue to earn interest and Lifetime Income payments will continue until the annuitant elects to stop payments or until the death of the annuitant. If the Accumulation Value is drawn down to zero, no further interest will be applied, however, Lifetime Income payments will continue until the death of the annuitant. SecurePlus VIP delivers Value, Income and Protection that employees want and deserve.
For questions, please email 401kservice@nationallife.com or contact Policyholder Relations at 800-732-8939.
1. Policy Form No. 8891(0910)
2. Guarantees are dependant on the claims paying ability of the issuing company
3. Rider Form No. 7965, 7966, or state variations thereof.