National Life Group (NLG / LSW)

A Core Carrier at Gameplan Financial
LSW Term • IUL • Living Benefits • Critical Injury

Carrier Information

Type: Mutual-holding company group (National Life Insurance Company & Life Insurance Company of the Southwest)
Focus: Protection-first design with strong Living Benefits across Term & IUL (ABRs: Terminal, Chronic, Critical Illness) + Critical Injury Rider on select forms
Sweet Spots: Mortgage protection with LB, IUL income designs, business owner planning (key person, bonus)
Portfolio: LSW Term w/ LB, Indexed UL lineup (protection-balanced-accumulation), WL in select states, plus riders
Process: Digital e-App, e-Delivery, accelerated UW pathways by age/face/risk; strong client communications
Carrier Portal: Login via NLG SSO Illustrations • Term • Critical Injury • UW Guide
📂 NLG / LSW Resource Folder
⬅ Carrier Menu Home

LSW Term — Term That Can Pay While You Live

Level Term Accelerated UW (case‑by‑case) Living Benefits ABRs
Product Overview
Durations
Commonly 10 / 15 / 20 / 30 year level term (confirm state/SKU specifics)
Living Benefits
ABRs for Terminal, Chronic, and Critical Illness on approved forms/states
Conversion
Pathways to IUL (see product guide for window/eligibility)
e‑Process
e‑App + e‑Delivery; data checks can enable accelerated decisions where eligible
Positioning & UW
Mortgage protection + income replacement with ABRs as a cash‑flow safety valve
Digital UW uses MIB/Rx/MVR; accelerated eligibility varies by age/face/risk
State Variations Verify rider/form availability before quoting

Indexed UL — Protection, Balance, or Accumulation

Indexed UL Income Solve + OLP ABRs Included
Design Framework
Build
Choose DB Option A/B; level‑pay or short‑pay; follow MEC limits
Allocation
Diversify across 2–3 indexed strategies + small fixed bucket; rebalance annually
Loans
Compare variable vs fixed/wash; stress‑test income at conservative/mid/low rates
Riders
Terminal, Chronic, Critical Illness ABRs typically included on IUL forms (state dependent)
Use Cases
Family protection with supplemental, tax‑favored income later
Max‑fund accumulation for retirement gap or opportunity fund
Business planning: key‑person, §162 bonus, buy‑sell

Living Benefits — Accelerated Benefit Riders (ABRs)

Terminal Illness Chronic Illness (2 of 6 ADLs / Cognitive) Critical Illness (covered events)
How It Works
Trigger
Qualifying diagnosis per rider form; state definitions apply
Benefit
Accelerates a portion of the death benefit as a lump sum; discounting applies
Use
Any purpose: treatment, travel, mortgage, income gap, family time
Explain in 60 Seconds
“Traditional life insurance pays if you pass away. NLG can also pay while you’re living if you face a qualifying illness — cash you can use for anything.”
State availability and rider names vary — confirm before quoting

Critical Injury Rider — A Powerful NLG Differentiator

Accidental Severe Injury Lump‑Sum Acceleration State/Form Dependent
Covered Injury Types (examples)
Major burns (significant body surface)
Traumatic brain injury with extended impairment
Coma due to injury
Complete loss of limbs or major bodily function (accident‑related)
How Benefits Pay
Payout
Accelerates a portion of the death benefit as a lump sum
Use of Funds
Medical, rehab, home modification, income replacement — client’s choice
Impact
Remaining death benefit reduced by accelerated amount and discount

Underwriting & Submission

Digital UW MIB • Rx • MVR State Overlays
Cheat‑Sheet
Build, BP/lipids, diabetes, and cardiac history drive classes — gather recent labs & Rx
Financial justification for larger IUL faces (income, purpose, replacement docs)
Carrier‑ordered requirements; accelerated if age/face/risk fits criteria
Submission Tips
Pre‑screen tricky meds/conditions via anonymized email to UW
Match riders to state approvals and keep edition codes consistent
Deliver compliant illustrations & disclosures prior to issue

Admin & State Packets

State‑Specific Forms Payments & Replacement Disclosures
What’s Inside
Applications
Term / IUL applications and state forms; rider disclosures and notices
Payments
Bank draft/ACH authorizations and initial premium handling
Disclosures
Buyer’s guides, replacement forms, ABR & Critical Injury rider disclosures
Best Practices
Confirm state & age before quoting/e‑app to avoid NIGO
Upload current statement and in‑force illustration when replacing
National Life Group — FlexLife® IUL Indexed UL • Protection + Cash Value EZ Underwriting (age/amount rules) LIBR Lifetime Income Option

What is FlexLife® IUL?

FlexLife® is an Indexed Universal Life policy offering lifetime protection, living benefits, and strong income distribution potential when funded properly. It combines a flexible death benefit, multiple index crediting choices, and riders like the Lifetime Income Benefit Rider (LIBR) for guaranteed lifetime income (subject to eligibility).

When to Use It
  • Tax-advantaged accumulation (“tax-free retirement”) with max-funded IUL.
  • Clients wanting death benefit + living benefits + income distribution.
  • Emerging affluent (30s–50s) with surplus income for long-term goals.
  • Downside protection (index floors) with upside market potential.
Level / Increasing DB options 10-yr surrender charge Flexible premium funding
Crediting Strategies
  • Fixed account (min 2%).
  • S&P 500® Point-to-Point (Cap Focus / Participation Focus).
  • S&P 500® Point-to-Point (1% Floor).
  • No-Cap Index (Credit Suisse Balanced Trend Index).
Income & Policy Mechanics
  • LIBR: guaranteed lifetime income (eligibility rules apply).
  • Loans: variable/fixed; available after yr 1.
  • Withdrawals: after yr 1 ($500 min).
  • Interest Bonus (AAVE) starts yr 6.
  • Overloan Protection Rider to prevent lapse.
EZ Underwriting Guide
Issue AgesMax Face (No Fluids if eligible)
18–50$3,000,000
51–60$1,000,000
61–65$250,000

Data checks (Rx, MIB, MVR). Carrier may still order requirements.

Key Advantages
  • Protection + accumulation in one plan.
  • Living Benefits: chronic, critical, terminal, injury.
  • LIBR: lifetime income potential.
  • Systematic Allocation Rider for large annual premiums.
  • Charitable Matching Gift option.
Good Fit Clients
  • Professionals max-funding for retirement.
  • Families wanting life coverage + liquidity.
  • Clients who want market-linked growth with downside protection.
Agent Process
  1. Design: death benefit vs. income needs; run max-funding illustrations.
  2. Illustrate: allocate index options; show LIBR and overloan scenarios.
  3. Submit: e-App, check EZ UW rules; provide financials if large case.
  4. Issue: confirm premium mode; consider Systematic Allocation.
  5. Annual Review: adjust allocations, monitor loans, check LIBR eligibility.
Watch-Outs
  • MEC risk: keep within 7-pay limits if goal is distributions.
  • Loan management: unmanaged loans may cause lapse/tax.
  • Charges: premium load, monthly fee, COI affect early years.
  • Surrender charge: 10 years.
Fast Facts
  • Carrier: National Life Group (NLIC/LSW)
  • Product: FlexLife® IUL
  • Issue Ages: 0–85 (ANB)
  • Min Face: $50k (initial) / $25k (increase)
  • Death Benefit: Level or Increasing
  • Premium: Flexible; $25 min
  • Surrender Charge: 10 yrs
  • Fixed Min Crediting: 2%
  • Policy Fee: $6/mo + premium load
Common Riders
  • Accelerated Benefits Riders (chronic, critical, terminal, injury).
  • Lifetime Income Benefit Rider (LIBR).
  • Overloan Protection Rider.
  • Death Benefit Protection Rider.
  • Benefit Distribution Option.
  • Charitable Matching Gift.
  • Waivers (deductions / specified premium).
  • Children’s Term & Other Insured.
Positioning Tips
  • Highlight tax-free retirement potential with non-MEC design.
  • Stress living benefits as differentiator vs. other IULs.
  • Use annual reviews to adjust allocations and manage loans.
📂 FlexLife® IUL Resources Folder

For agent use only. Not available in all states. Distributions reduce cash value and death benefit and may cause a taxable event. Guarantees rely on the claims-paying ability of the issuing insurer.

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