National Western Life Introduces Simplified Issue Life Insurance Coverage

AUSTIN, Texas, Jan. 15, 2016 /PRNewswire/ -- After an extended trial launch, National Western Life Insurance Company has officially debuted Simplified Issue Life platform called the NWL® OptionLife Series. The product set features both Rapid Issue Life and Graded Death Benefit versions with the choice of level term or whole life coverage.

"OptionLife is a great alternative for harder-to-place cases or for those clients that can't wait to complete a traditional underwriting process before getting approved for life insurance," said Fabiola Best, Vice President-Life Underwriting and New Business. "With our NOW Underwriting process the risk assessment is done all over the phone, saving the consumer and advisor alike valuable time."

The NWL® OptionLife Series includes ratings from Standard to Table 16 and written exclusively on an electronic application platform. The Rapid Issue Life version of the Series also offers accelerated benefits for chronic illness, critical illness and terminal illness. For more information licensed insurance professionals are encouraged to contact their local National Western Life distributor or view www.nationalwesternlife.com.

About National Western Life Insurance Company

Founded in 1956, National Western Life is a stock life insurance company offering a broad portfolio of individual universal life, whole life and term insurance plans, annuity products, and investment contracts meeting the financial needs of its customers in 49 states as well as residents of various international countries. The Company has 265 employees and approximately 22,700 contracted independent agents, brokers, and consultants. At September 30, 2015, the Company maintained total consolidated assets of $11.5 billion, stockholders' equity of $1.6 billion, and life insurance in force of $22.6 billion.

Contact: Paul Garofoli, FLMI
Marketing Vice President
Phone: [phone], ext 207
FAX: [phone]
E-Mail: [e-mail]

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SOURCE National Western Life Insurance Company