Ash Brokerage Selected to Distribute Transformative New Annuity Product
Transformative New Annuity Product from National Western Life
Ash Brokerage recently partnered with National Western Life Insurance Company (National Western Life), a wholly owned subsidiary of National Western Life Group, Inc. (Nasdaq: NWLI) to be one of a few select distributors of a new and innovative single premium immediate annuity.
The product, NWL® Income +, will provide lifetime income that delivers on two key features advisors and their clients are looking for in an income product: a highly competitive initial annuity payment, and an innovative growth component that presents an opportunity for increasing income to help policyholders keep pace with inflation.
NWL® Income + is a stand-alone product to secure an immediate income stream today and may be offered as an option on select deferred annuity products in the future. It is the first product to utilize product technology developed by Achaean Financial Holdings (Achaean), an intellectual property and product development company.
“This product offers clients new opportunities when it comes to income planning,” says Mike McGlothlin, EVP of Retirement Solutions at Ash Brokerage. “We spend a lot of time building up assets for retirement with the goal of helping clients maintain a comfortable lifestyle. Because it's designed to help offset the impact of inflation on an income stream, NWL® Income + gives us what we need to make that happen.”
NWL® Income+ is currently available through Ash Brokerage, subject to broker-dealer approval. You can read more about the product here.