National Life Group announced that two new indexes and four new index crediting options are now available for its SummitLife Indexed Universal Life Insurance product that provides a death benefit of $1 million or more. The updated crediting options allow policyholders greater choice in how their policy value can potentially grow without being directly invested in the market.

The new options – based on the performance of the Bloomberg Mavin 10 Index, Nasdaq 100 Multi-Asset Edge 8% Index and S&P 500® – offer different approaches, allowing policyholders to select an option based on their financial goals, perspective on the underlying indexes and comfort with risk.

About the New Index Crediting Options

  • The Bloomberg MAVIN 10 Index focuses on diversification through exposure to U.S. large-cap equities, Treasuries, the U.S. dollar and gold. By spreading exposure across multiple asset classes, the index is designed to prioritize more consistent risk over maximizing returns during rising markets. It may appeal to those seeking diversified, multi-asset exposure, faster response time in risk targeting and a transparent, rules-based approach.

  • The Nasdaq 100 Multi-Asset Edge 8% Index™ focuses on innovation, combining exposure to U.S. large-cap technology stocks, gold and U.S. Treasuries. Its returns may differ from those of the S&P 500® and may be lower during periods of strong market rallies. The option may appeal to policyholders seeking growth potential driven by innovative, U.S. large-cap companies.

  • The S&P 500® No Cap and 2% Floor provides broad U.S. market exposure through 500 large-cap U.S. companies. Its performance depends on that segment of the market and may appeal to those seeking long-term growth potential tied to U.S. large-cap companies. The two new options join the existing S&P 500® Cap Focus and Participation Focus.

Policyholders can select one index or allocate policy value among multiple crediting options. Future allocations can also be updated as goals, market perspectives or financial needs change. As with other indexed universal life products, policy value is based in part on a portion of the performance of the selected index crediting option, but policyholders’ money is not directly invested in the market.

“Life insurance is about protecting what matters today while helping people prepare for what is possible tomorrow,” said Mehran Assadi, Chair, CEO, and President of National Life Group. “SummitLife gives financial professionals more choice and flexibility to help people build stronger financial futures.”

Broader Financial Needs

SummitLife is designed to support a range of financial strategies including wealth transfer, retirement income, premium financing, living benefits and business planning.

  • Wealth Transfer: SummitLife can help families plan for the transfer of wealth through strategies related to Spousal Limited Access Trusts, Legacy IRAs and Dynasty Trusts.

  • Retirement: Clients approaching retirement may use this product to provide a death benefit to protect family during working years while creating an additional potential source of retirement income. Four loan options allow financial professionals to consider different approaches based on the economic environment.

  • Premium Financing: For affluent individuals and business owners, premium financing can help address significant life insurance needs while preserving liquidity and aligning funding with future cash flows or liquidity events.

  • Living Benefits: The product incorporates living benefits that, if you qualify, can help address the financial impact of critical, chronic and terminal illnesses and critical injury. For larger cases, these benefits may help policyholders preserve other assets and manage their financial plans while providing access to accelerated death benefits for qualifying expenses.

  • Business Planning: SummitLife can be considered in business planning strategies, including succession planning, buy-sell arrangements and executive benefit programs designed to attract, reward and retain key employees.

Expertise Behind Complex Cases

The expanded index choices are supported by National Life Group’s capabilities in helping financial professionals navigate complex, large-case life insurance cases. National Life Group’s large-case resources include:

  • 20 dedicated large-case experts

  • 130 underwriters with more than 250 years of combined experience

  • 3–5 business days to turnaround an informal quote

  • $100+ million supported through National Life Group’s reinsurance network

  • Simple informal submissions enabled through Paperclip

  • Support from Advanced Planning and Wealth Strategies Group to help with large case design

  • Concierge-style support proving direct access to underwriting professionals

Financial professionals can work with their National Life Group agent to learn more about the new index crediting options and determine which options may be appropriate for individual policyholders. To learn more, visit nationallife.com/SummitLife-indexes.

About National Life Group

National Life Group has been keeping promises since 1848, providing access to flexible, secure life insurance and annuities for families, businesses, educators, and first responders nationwide. With an independent, entrepreneurial spirit, our values are to “Do good, Be good, Make good” for our customers, agents, employees, and the communities we serve. Learn more at NationalLife.com.

National Life Group® is a trade name of National Life Group Insurance Company (NLIC), Montpelier, VT founded in 1848, Life Insurance Company of the Southwest (LSW), Addison, TX chartered in 1955, and its affiliates. Each company is solely responsible for its own financial condition and contractual obligations. LSW is not an authorized insurer in New York and does not conduct insurance business in New York. NLIC, the flagship of National Life Group was founded in 1848, and all references to 1848 are attributable to NLIC.

Products are issued by Life Insurance Company of the Southwest. TC9115163(0926)1

SummitLife Indexed Universal Life Insurance, form series 21052(0326)/ICC26-21052(0326), Annual Accumulated Value Enhancement (AAVE) rider, form series 20914(0823)/ICC23-20914(0823), Flexible Accumulated Value Enhancement Rider (Enhancer, Enhancer Plus, Enhancer Max), form series 20644(0119)/ICC19-20644(0119), or state variations thereof, are underwritten by Life Insurance Company of the Southwest, Addison, Texas. This advertising material is used by multiple states, some with varying form number requirements; therefore, all required variations are provided. Not all policies or riders are available in all states – please check with your agent to see what is available where you live.

  1. The death benefit is generally tax-free per Internal Revenue Code § 101(a)(1). There are some exceptions to this rule. Please consult a qualified tax professional for advice concerning your individual situation. Sufficient premiums are required to keep the policy in force.

  2. The use of cash value life insurance to meet accumulation goals, such as a potential resource for retirement, assumes that there is first a need for life insurance. The ability of a life insurance contract to accumulate sufficient cash value to help meet accumulation goals will be dependent upon the amount of extra premium paid into the policy, and the performance of the policy, and is not guaranteed. Policy loans and withdrawals reduce the policy’s cash value and/or death benefit, loans will become taxable if the policy lapses or is surrendered, and if too much is taken out, you risk lapsing the policy. Surrender charges may reduce the policy’s cash value in early years.

  3. Indexed Universal Life (IUL) insurance does not directly participate in any stock or equity investments. All indexes are unmanaged and you cannot invest directly in any market index.

  4. Excess Interest Formula: Index earnings for each indexed segment are calculated at the end of the crediting period as follows: index growth is multiplied by the segment’s participation rate, adjusted so that this rate is no greater than the segment’s index earnings cap, and no less than the floor; multiplied by the value in the indexed segment value. To receive indexed interest for a crediting period, your indexed segment must remain in that index crediting option until the end of the crediting period. If you move or remove money before the crediting date, you will not receive indexed interest for that period. Index earnings are not direct participation in any stock or equity investment.

  5. Diversification does not assure a profit or protect against a loss in declining markets.

  6. Participation Focus has a higher participation rate than other crediting methods. A participation rate determines how much of the index gains are credited to your policy.

  7. The premium finance strategy is offered and managed by an independent third party. No National Life Group company nor anyone acting on its behalf has evaluated the strategy or the suitability of using life insurance in connection with the strategy. No National Life Group company nor anyone acting on its behalf is authorized to make any representation regarding the suitability, effectiveness or legality of the strategy. Please consult with your own advisors regarding whether this strategy is appropriate for your situation.

  8. All SummitLife index crediting options, form series 20829(0624)/ICC24-20829(0624), have a zero percent floor. The 0% floor provided by an IUL policy ensures that during crediting periods where the index is negative, that no less than 0% interest is credited to the index strategy. However, monthly deductions continue to be taken from the accumulated value, including a monthly policy fee, monthly expense charge, monthly accumulated value charge, cost of insurance charge, and applicable rider charges, regardless of interest crediting. With a 2% floor, the least interest you are ever credited is 2%.

  9. Using the Systematic Allocation Rider, form series 20431(0616)/ICC16-20431(0616).

No bank or credit union guarantee | Not a deposit | Not FDIC/NCUA insured | May lose value | Not insured by any federal or state government agency

Guarantees are dependent upon the claims-paying ability of the issuing company.

Cap and Participation Rates can vary by product or strategy. Past performance is not indicative of future index performance and historical interest rates should not be construed as interest rates to be paid in the future on any product offered by the insurance companies of National Life Group. There are administrative, cost of insurance and other charges associated with these IUL insurance policies which are deducted regardless of any interest that is credited. The hypothetical values shown in this exhibit do not reflect these charges. Policy values may decline if premiums paid out-of- pocket are insufficient to cover insurance costs and other charges. The values shown assume that the current cap, floor and participation rate shown are applied to the historical values of the index. This does not represent actual historical interest crediting for these indexes as caps and participation rates have changed over time. The Participation Rate is the maximum percentage of the annual increase in the Index that will be credited. The Cap is the maximum earnings percent that will be credited. The floor is the minimum interest that will be credited to a strategy for that crediting period. Participation Rates and Caps are subject to change annually for a given indexed segment. Monthly deductions from the account value include a monthly policy fee, monthly expense charge, cost of insurance charge, and applicable rider charges. In addition there is a surrender charge if the policy is lapsed or surrendered in the first 10 years from issue or following an increase. Surrender charges vary based on gender, rate classification, issue age, and policy year.

S&P 500

The “S&P 500” is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and S&P Opco, LLC and has been licensed for use by National Life Insurance Company (“NLIC”) and Life Insurance Company of the Southwest (“LSW”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (”Dow Jones”). The trademarks have been licensed to SPDJI and have been sublicensed for use for certain purposes by NLIC and LSW. The Flexible Premium Adjustable Benefit Life Insurance Policy with Index-Linked Interest Option (“the Policy”) Policy is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, “S&P Dow Jones Indices”). Neither S&P Dow Jones Indices nor S&P Opco, LLC make any representation or warranty, express or implied, to the owners of the Policy or any member of the public regarding the advisability of investing in securities generally or in the Policy particularly or the ability of the S&P 500 to track general market performance.

S&P Dow Jones Indices and S&P Opco, LLC’s only relationship to NLIC and LSW with respect to the S&P 500 is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The S&P 500 is determined, composed and calculated by S&P Dow Jones Indices or S&P Opco, LLC without regard to NLIC or LSW or the Policy. S&P Dow Jones Indices and S&P Opco, LLC have no obligation to take the needs of NLIC or LSW or the owners of Policy into consideration in determining, composing or calculating the S&P 500. Neither S&P Dow Jones Indices nor S&P Opco, LLC are responsible for and have not participated in the determination of the prices, and amount of Policy or the timing of the issuance or sale of the Policy or in the determination or calculation of the equation by which the Policy is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices and S&P Opco, LLC have no obligation or liability in connection with the administration, marketing or trading of the Policy. There is no assurance that investment products based on the S&P 500 will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.

NEITHER S&P DOW JONES INDICES NOR S&P OPCO, LLC GUARANTEES THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P 500 OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES AND S&P OPCO, LLC SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES AND S&P OPCO, LLC MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY NLIC or LSW, OWNERS OF THE POLICY, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500 OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES OR S&P OPCO, LLC BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND NLIC or LSW, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

Bloomberg MAVIN 10

“Bloomberg®” and the indices referenced herein (the “Indices”, and each such index, an “Index”) are trademarks or service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Index (collectively, “Bloomberg”), and/or one or more third-party providers (each such provider, a “Third-Party Provider,”) and have been licensed for use for certain purposes to LIFE INSURANCE COMPANY OF THE SOUTHWEST (the “Licensee”). To the extent a Third-Party Provider contributes intellectual property in connection with the Index, such third party products, company names and logos are trademarks or service marks, and remain the property of such Third-Party Provider.

The financial products referenced herein (the “Financial Products”) are not sponsored, endorsed, sold or promoted by Bloomberg or any Third-Party Provider. Neither Bloomberg nor any Third-Party Provider makes any representation or warranty, express or implied, to the owners of or counterparties to the Financial Products or any member of the public regarding the advisability of investing in securities generally or in the Financial Products particularly. The only relationship between Bloomberg, Third-Party Providers, and the Licensee is the licensing of certain trademarks, trade names and service marks and of the Index, which is determined, composed and calculated by BISL without regard to the Licensee or the Financial Products. Bloomberg has no obligation to take the needs of the Licensee or the owners of the Financial Products into consideration in determining, composing or calculating the Index. Bloomberg is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the Financial Products to be issued. Neither Bloomberg nor any Third-Party Provider shall have any obligation or liability, including, without limitation, to the customers of the Financial Products, or in connection with the administration, marketing or trading of the Financial Products.

NEITHER BLOOMBERG NOR ANY THIRD-PARTY PROVIDER GUARANTEES THE ACCURACY AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA RELATED THERETO AND SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS THEREIN. NEITHER BLOOMBERG NOR ANY THIRD-PARTY PROVIDER MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE FINANCIAL PRODUCTS OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR ANY DATA RELATED THERETO. NEITHER BLOOMBERG NOR ANY THIRD-PARTY PROVIDER MAKES ANY EXPRESS OR IMPLIED WARRANTIES AND EACH EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE INDEX OR ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, TO THE MAXIMUM EXTENT ALLOWED BY LAW, BLOOMBERG, ITS LICENSORS, THIRD-PARTY PROVIDERS, AND ITS AND THEIR RESPECTIVE EMPLOYEES, CONTRACTORS, AGENTS, SUPPLIERS, AND VENDORS SHALL HAVE NO LIABILITY OR RESPONSIBILITY WHATSOEVER FOR ANY INJURY OR DAMAGES—WHETHER DIRECT, INDIRECT, CONSEQUENTIAL, INCIDENTAL, PUNITIVE OR OTHERWISE—ARISING IN CONNECTION WITH THE FINANCIAL PRODUCTS OR INDICES AND BLOOMBERG, ANY THIRD-PARTY PROVIDER, THEIR LICENSORS, AND THEIR RESPECTIVE EMPLOYEES, CONTRACTORS, AGENTS, SUPPLIERS, AND VENDORS SHALL HAVE NO LIABILITY OR RESPONSIBILITY WHATSOEVER FOR ANY INJURY OR DAMAGES— WHETHER DIRECT, INDIRECT, CONSEQUENTIAL, INCIDENTAL, PUNITIVE OR OTHERWISE—ARISING IN CONNECTION WITH THE INDEX OR ANY DATA OR VALUES RELATING THERETO—WHETHER ARISING FROM THEIR NEGLIGENCE OR OTHERWISE, EVEN IF NOTIFIED OF THE POSSIBILITY THEREOF.

Nasdaq-100 Multi-Asset Edge 8%™ Index

The Product(s) is not sponsored, endorsed, sold or promoted by Nasdaq, Inc. or its affiliates (Nasdaq, with its affiliates, are referred to as the “Corporations”). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Product(s). The Corporations make no representation or warranty, express or implied to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly, or the ability of the Nasdaq-100 Multi-Asset Edge 8%™ index to track general stock market performance. The Corporations’ only relationship to NATIONAL LIFE INSURANCE COMPANY and LIFE INSURANCE COMPANY OF THE SOUTHWEST, the insurance companies of National Life Group (“Licensee”) is in the licensing of the Nasdaq®, Nasdaq-100 Multi Asset Edge 8%™, and certain trade names of the Corporations and the use of the Nasdaq-100 Multi-Asset Edge 8%™ index which is determined, composed and calculated by Nasdaq without regard to Licensee or the Product(s). Nasdaq has no obligation to take the needs of the Licensee or the owners of the Product(s) into consideration in determining, composing or calculating the Nasdaq-100 Multi-Asset Edge 8%™ index. The Corporations are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. The Corporations have no liability in connection with the administration, marketing or trading of the Product(s).

THE CORPORATIONS DO NOT GUARANTEE THE ACCURACY AND/OR UNINTERRUPTED CALCULATION OF NASDAQ-100 MULTI-ASSET EDGE 8%™ INDEX OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE PRODUCT(S), OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE NASDAQ-100 MULTI-ASSET EDGE 8%™ INDEX OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE NASDAQ-100 MULTI-ASSET EDGE 8%™ INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL THE CORPORATIONS HAVE ANY LIABILITY FOR ANY LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

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