|
|
 |
| |
|
Home > Health Insurance > Life Insurance > National Western Life Insurance Company
National Western Life Insurance Company
National Western Life Insurance Company is a life insurance company, chartered in the State of Colorado in 1956, and doing business in 49 states, the District of Columbia and four U.S. territories or possessions. It is also licensed in Haiti, and although not otherwise licensed, the Company accepts applications from and issues policies to residents of various Central and South American, Caribbean, and Pacific Rim countries. National Western operates within segments organized along product types and geographic marketing areas. These operating segments include domestic life insurance, international life insurance, and annuities.
The Company's domestic life insurance operations concentrate marketing efforts on federal employees, seniors, and specific employee groups in private industry, as well as individual sales. The products marketed are universal life insurance and traditional life insurance, which includes both term and whole life products. National Western markets and distributes its domestic products primarily through independent agents and brokers and independent marketing organizations. The IMO’s also assisting the Company in recruiting, contracting, and managing agents as well as providing additional financial resources for product marketing. Geographically, the domestic life insurance operations market products in most of the United States, which encompasses 49 states and the District of Columbia. The Company does not conduct business in the state of New York.
The Company's international life insurance operations focus marketing efforts on foreign nationals in upper socioeconomic classes with substantial financial resources. Insurance products are issued primarily to residents of countries in Central and South America, the Caribbean, and the Pacific Rim. Issuing policies to residents in countries in these different regions provides diversification that helps to minimize large fluctuations that could arise due to various economic, political, and competitive pressures that may occur from one country to another. Products issued to international residents are almost entirely universal life and traditional life insurance products.
At National Western Life, they offer universal life and term life insurance products. Universal life insurance is a flexible premium product that lets you vary your premium payments every year, and even skip a payment if you wish. The premiums you pay go into a policy account that earns interest, and charges for the insurance are deducted from the account. Here, insurance continues as long as there is enough money in the account to pay the insurance charges.
Everything you need to know about
Health Insurance is here at CoverMeHealthInsurance.com
Permission is granted to reproduce this article as long as the above resource paragraph is left intact with active links.
Back to Life Insurance
|
|
|
|
|
|
|
|