Is National Western a Good Insurance Company?
Over 100 Carriers to Quote From. Here are a few of them!
Is National Western a good insurance company? At Diversified Insurance Brokers, we partner with over 100 top-rated carriers to help retirees and pre-retirees find the best insurance and annuity solutions for their needs. National Western Life Insurance Company, headquartered in Austin, Texas, has been serving policyholders since 1956. Known for financial stability and long-term focus, National Western offers a range of annuity and life insurance products designed to help clients grow and protect their retirement savings while ensuring reliable income.
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About National Western Life Insurance Company
National Western has earned a reputation for conservative financial management, consistent performance, and a commitment to long-term policyholder relationships. They focus on providing life insurance and annuity solutions that combine stability, growth potential, and reliable income for retirement planning. Their financial strength and multi-decade experience make them a trusted choice for clients seeking security in uncertain markets.
Popular National Western Products
- Fixed Indexed Annuities (FIAs): Provides market-linked growth potential while safeguarding principal against losses.
- Multi-Year Guaranteed Annuities (MYGAs): Offers predictable growth with guaranteed interest rates over a fixed term.
- Immediate Annuities: Converts lump sums into guaranteed income payments starting immediately.
- Life Insurance Solutions: Includes term life, universal life, and whole life policies for long-term protection and legacy planning.
Who National Western Is a Good Fit For
- Retirees seeking stable, predictable income
- Pre-retirees looking to protect and grow their savings
- Conservative investors wanting guaranteed interest rates
- Individuals interested in combining protection with income planning
Pros of National Western
- Decades of proven financial stability
- Competitive MYGA and FIA offerings
- Diverse selection of annuity and life insurance products
- Strong focus on long-term policyholder relationships
Considerations
- Product availability can vary by state
- Brand recognition may be less than some larger carriers
Our Take
At Diversified Insurance Brokers, we view National Western as a dependable choice for clients who value financial security, long-term planning, and competitive product options. Their conservative approach, combined with a broad selection of annuities and life insurance, makes them well-suited for retirees and pre-retirees seeking both growth potential and guaranteed income for life.
FAQs: Is National Western Life a Good Company?
What financial strength ratings does National Western have?
National Western Life holds strong ratings, including A- from AM Best and A- from S&P, with stable outlooks. Its AM Best rating was previously “A (Excellent)” before a change to A-.
How long has National Western been in business and what is its background?
National Western Life Insurance Company has operated since 1956, serving policyholders primarily with life insurance and annuity products. It is now part of Prosperity Life Group.
What products does National Western offer?
The company offers life insurance (term, whole, indexed), fixed annuities, fixed indexed annuities, and immediate annuities. Product availability varies by state.
What are common complaints or issues customers have with them?
Commonly reported issues include long hold times, inconsistent communication, and occasional concerns about fees or service responsiveness. Experiences can vary by policy and state.
Is National Western licensed in all states?
National Western Life is licensed in most U.S. states, but not all products are available everywhere. It does not operate in New York.
