0.00% 

The minimum guaranteed interest rate varies by state from 1.95% to 3.0% on 90% of the premium paid, less any withdrawals taken.  The current rates for the fixed-rate option can be obtained at www.lifeofsouthwest.com or www.lsw.net   
Plan options include: 403(b) TSA; Roth 403(b); IRA, SEP IRA, SIMPLE IRA, ROTH IRA, 457 & non-qualified.
Cannot be used with 412(i) Plan.
Bonus interest:  (a) 3% additional interest is applied upon issue to premiums paid and (b) 5% is paid during years 8 through 12 at a rate of 1% per year.
 

The minimum is $10,000 Q & NQ.  No additional contributions are allowed.  The maximum premium without Home Office approval is $1,000,000 ages 0-75 & $500,000 ages 76-80 [actual age].  

12 

0 - 80 

12 years of early withdrawal penalties: 10%, 10%, 10%, 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%.
Full accumulation value at death of the annuitant.  
Riders are: Nursing Care & Terminal Illness at no additional cost; Guaranteed Lifetime Income Rider for an additional cost. All riders subject to state availability.
Loans: $500 minimum & $50,000 maximum for 403(b) and 457 plans if the plan permits.

**Free Look period is 30 days 

10% of accumulation value available after the first policy year as permitted by law. 


At least $5,000 must be maintained in the annuity to keep it is force.

The Guaranteed Lifetime Income Rider is available at  age 60.
 
There is a Special Enhanced Life Income (“SELI”) option.  If the Annuitant qualifies for and elects the SELI, the life payout can be significantly higher than an otherwise standard GLIR payout. To qualify, the policy must have been in force for 5 policy years, the annuitant must be between 55 and 90 and unable to perform two of six Activities of Daily Living permanently. The SELI option provides an enhanced payout plan of 3% in addition to the single life percentage to which the annuitant is otherwise entitled (not guaranteed in WA or PA) and is available only to the annuitant (is not available as a spousal joint benefit).  
 

The product offers the following interest crediting methods.
1.Fixed rate – declared annually and fixed for one year.
2.Ending Index Account (Annual Point-to-Point) Option 1: higher index rate & cap, S&P500 & Russell
3.Ending Index Account (Annual Point-to-Point) Option 2: Lower index rate & high or no cap: S&P500 & Russell
4.Average Index Account (Annual Point-to-Daily Average): S&P500 only.

Interest earnings are linked to a percentage of the potential growth of the selected index, subject to the participation rate and/or cap.  The interest earned is locked in annually.  A set participation rate and/or cap is guaranteed in advance for each term.
 

LSW_Rates.pdf 

For annual sales of $2,000,000 or more the producer qualified for Performance Plus program which pays an additional 20 bps on accumulation value of all in-force policies issued in a calendar year – can be withdrawn or deferred.

Special Enhanced Life Income option available after the 5th policy anniversary only between ages 55 & 90, and is activated if the policyholder is unable to perform two Activities of Daily Living (“ADL”). 

Annual roll-up rate is 7% & is guaranteed for 10 years;then renews years 11+ at the then declared rate if GLI Rider selected at issue.  
GLI Rider is available at an annual cost at issue and fixed at 65bps for all years and is available for a single or joint life with the joint life determined by the younger of the two.
GLI is based on greater of “calculation base” or “accumulation value” on policy’s 5th, 10th, 15th or 20th anniversaries.
GLI cannot be activated by the annuitant prior to age 60 or before the end of the first policy anniversary.

GLI calculation MUST be printed out, signed and submitted as part of the application paperwork.

Instructions on completing a GLI Rider calculation
1. Go to LSW website (www.lsw.net). 
2. Go to “Agent Login”, if you do not have a username
    and password, sign up for one. 
3. From the “Agent Central” home page scroll down to
    the “Experience Income for Life” section (approx. in 
    the middle of the page). 
4. Select the “Single Premium Indexed Annuities” link 
5. Click on the “GLIR Calculator” to download and install 
    it into your computer. 
6. Input your information into the calculator.
7. Print, sign and submit with case.


*Issue Ages 0-57 (AL, AK, CA, DE, IL, MN)
* GLI Rider not available in: NV, NH, NJ, OR, WA
* Enhanced benefit not available in TN, CA, CT, FL

Licensing appointment with LSW must be accompanied by business (cash with application or transfer business) before processing can occur. 

Issue Ages 0-57 for AL, AK, CA, DE, IL, MN, TX  

Age            Commission                     
0-75              7.00%       
76-80            5.00%


Note: GLIR not available in NV, NH, NJ, OR, WA

Commissions on Policies issued as a replacement for another LSW or National Life Policy will be reduced according to LSW rules in place at such time.

Commission chargeback on death of the owner and/or annuitant:
          100%: up to 183 days following policy issue
            50%: after 183 days but before one (1) year 
                     from policy issue.
Commission chargeback on surrenders or withdrawals, including RMD:
100% for one year following policy issue, 0% thereafter.

LSW will hold commission generated from business sold to self or family members for 30 days after the date of receipt of the policy by the policyholder, and commission on sales over $500,000 will be held for 30 days after the date of receipt of the policy by the policyholder.
 

Connecticut
Indiana
Montana
Nevada
New Jersey
New York
Oregon
Puerto Rico
Utah
Washington