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Annuity Updates: Refreshed Products, GLIR and Interest Rate Changes Coming Soon

Five adjustments to our annuity product lineup.

National Life continues in our commitment to deliver annuities that allow customers to save on a monthly basis, grow their retirement savings and enjoy income they cannot outlive. Our promise is to protect lives, families, businesses and provide for retirement in both good and challenging times.

Given these unprecedented market conditions, we need to make some necessary adjustments so we can continue to be there for our customers. Beginning January 25, 2021, you will see the following changes to our flexible and single premium products and the withdrawal of certain annuity products.

FPDA Product Enhancements

FIT Secure Growth and FIT Select Income addition of:

  • Global Balanced and US Fundamental Balanced Indexes
  • Rate Booster

FIT Select Income

  • Option between Max or Split Bonus GLIR
  • Features the Income Doubler*

Watch your email the week of January 4th for more details!

Product Withdrawals

  • FIT Rewards Growth
  • FIT Certain Income
  • SecurePlus Platinum
  • SecurePlus Elite 5

For all products listed, the applications must be submitted by close of business on January 22, 2021. The policy must be paid and issued by March 31, 2021.

Guaranteed Lifetime Income Rider Changes

  • All Products: The Guaranteed Withdrawal Percentages will reduce by .25% for all ages
  • FIT Focus Income: Benefit Base Bonus will change to 12% and have a 4.5% simple roll up rate

To keep current, roll-up rates apps must be submitted by close of business on January 22, 2021. Policy must be paid and issued by March 31, 2021.

Legacy Death Benefit Rider Changes

  • FIT Horizon Growth: Roll up will change to 3%
  • FIT Focus Growth: Roll up will change to 7.5%

To keep current, roll-up rates apps must be submitted by close of business on January 22, 2021. Policy must be paid and issued by March 31, 2021.

Interest Rate Changes

Interest rates will begin to change on January 29, 2021.

View Rate Change Details