REMINDER: Important Change to Texas Annuities

What does it mean for you?

Join us for a WebEx with Mike Ward, Vice President, Actuarial, to discuss what has changed for the LSW annuities now available in Texas.

Date: June 4
Time: 10:00 a.m. CT
Where: Log on to nationallife.webex.com

Click here for WebEx Instructions

Texas Annuities Change Beginning June 1

Effective June 1, 2010, the state of Texas requires that all individual fixed and fixed indexed annuities sold in Texas conform to regulations that effectively limit withdrawal charges for higher issue ages. These regulations will result in changes to many of the annuities offered by Life Insurance Company of the Southwest (LSW) as well as future products to be introduced. There will also be one product withdrawn. The regulations and effective date are applicable to all life insurance companies doing business in Texas.

What types of product changes have been made?

Product changes will be of two types: (1) lower maximum issue ages, or (2) reduced Withdrawal Charges at higher issue ages. Please see the Summary of LSW Product Changes in Texas for a summary of products affected and the changes that are effective June 1, 2010. Please note that on some products commissions are reduced at older ages.

What is important for me to know right now?

Policies issued prior to June 1, 2010 are not affected nor are any contributions made to such policies on or after June 1, 2010. Policies issued after May 31, 2010 are required to conform to the new regulations.
For more information about current product specifications, please call the Annuity Sales Desk at 800-906-3310 or visit lifeofsouthwest.com.

Agent Use Only - Not For Use With The Public

Form No. 10263(0510); LR11016(0310)