NWL ’s Withdrawal Benefit RiderI certify that I reviewed this brochure with the applicant _____ Agent’s Signature & Agent No. Date Applicant to Retain DM-1120-SIG.Rev.1.13 DM-1120-SIG.Rev.1.13

NWL®’s Withdrawal Benefit Rider01-3128-09

Still A Sure WIN to Provide Security For Your Withdrawal Income Needs!Optional Benefit Available on Indexed AnnuitiesCLIENT SERVICES TOLL-FREE 800-922-9422 • FAX 512-339-8350

www.nationalwesternlife.comCLIENT SERVICES TOLL-FREE 800-922-9422 • FAX 512-339-8350

www.nationalwesternlife.com

NATIONAL WESTERN LIFE INSURANCE COMPANY®

PO Box 209080, Austin, TX 78720-9080 | 10801 N Mopac Expy Bldg 3, Austin, TX 78759-5415DM-1120.Rev.3.18


Income Outlook Plus 5 - Withdrawal Benefit RiderThank you for choosing to add Income Outlook Plus 5 to your National Western Life indexed annuity. If you have any ques-tions, please contact your agent or call National Western’s Customer Service Department at 1-800-922-9422.

We want to be sure that you read all 12 pages of this brochure and are aware of the benefits and features ex-plained herein. Please initial and sign where indicated with an asterisk (*), acknowledging that you understand the following:

• This is a withdrawal benefit rider that guarantees lifetime Withdrawal Payments after age 60.

• For purposes of this brochure, the assumption is that the Annuitant and Owner are the same.

• Oncethe WithdrawalPaymentsbegin, there isno furtherAccumulation Period available.

• The full benefits of this rider are not obtained if theWithdrawal Payments are never taken.

• The Account Value of the policyisreducedeachyearby theAnnual Rider Charge shown on page 1 of the rider, regardless of whether Withdrawal Payments are taken.

• Ifat the end of Accumulation Period you have not yet requested Withdrawal Payments or elected the Restart option, the Annual Rider Charge will continue to be deducted from the Account Value and the Accumulation Period Withdrawal Payment Base will no longer accumulate with interest.

• Any election to start or stop Withdrawal Payments must be received at National Western Life Insurance Company at least 20 days prior to the Policy Anniversary.

______* The above-stated features have been fully explained to me.

I have received a copy of this brochure, and I have reviewed it with my agent. I fully understand the brochure and thespecific points outlined above. The brochure is not a part of the rider and does not modify it in any way. The rider itself contains all terms, benefits, guarantees, limitations, re-strictions, and exclusions.

______________________________________*Applicant’s Signature Date

I certify that I reviewed this brochure with the applicant

______________________________________Agent’s Signature & Agent No. Date

Applicant to RetainDM-1120-SIG.Rev.1.13 DM-1120-SIG.Rev.1.13




• This is a withdrawal benefit rider that guarantees lifetime Withdrawal Payments after age 60.

• For purposes of this brochure, the assumption is that the Annuitant and Owner are the same.

• Oncethe WithdrawalPaymentsbegin, there isno furtherAccumulation Period available.


• The Account Value of the policyisreducedeachyearby theAnnual Rider Charge shown on page 1 of the rider, regardless of whether Withdrawal Payments are taken.

• Ifat the end of Accumulation Period you have not yet requested Withdrawal Payments or elected the Restart option, the Annual Rider Charge will continue to be deducted from the Account Value and the Accumulation Period Withdrawal Payment Base will no longer accumulate with interest.



I have received a copy of this brochure, and I have reviewed it with my agent. I fully understand the brochure and thespecific points outlined above. The brochure is not a part of the rider and does not modify it in any way. The rider itself contains all terms, benefits, guarantees, limitations, re-strictions, and exclusions.




Submit with Application

Page 2 Page 11 Page 11

NWL®’s Income Outlook Plus 5 provides:

• GreatgrowthpotentialforyourlifetimeWithdrawalPayments…• ControlofwhenyourWithdrawalPaymentsbegin…• GuaranteedWithdrawalPercentagesthatincreaseatselectedages…• AccesstoyourmoneyforAdditionalWithdrawalsremains…

• GuaranteedWithdrawalPaymentsforlifeanytimeaftertheageof60!

Adding Income Outlook Plus 5 to your National Western Life indexed annuity at purchase will give you all of these benefits. This withdrawal benefit rider works with all of your annuity’s traditional benefits and enhances the benefits with guaranteed Withdrawal Payments you cannot outlive.

INCOMEOUTLOOKPLUS5HIGHLIGHTSIncome Outlook Plus 5 guarantees during the Accumulation Period:

• 4% interest on the Accumulation Period Withdrawal Payment Base until lifetime WithdrawalPayments begin

• 5% Rider Bonus on the premiums received in the first Policy Year subject to the Rider BonusVestingSchedule

• TheGuaranteedWithdrawalPercentagesincreaseateveryfifthageuntilage90oruntilthelifetimeWithdrawal Payments begin

• Accesstotheannuity’sAccountValueremains

• TheoptiontoRestart the ten year Accumulation Period at the end of the fifth Policy Year

Income Outlook Plus 5 guarantees during the Withdrawal Period:

• WithdrawalPaymentsthatcanbepaidforlife

• Theabilitytostop and start Withdrawal Payments

• NowithdrawalchargesonWithdrawalPaymentstakenunderthisrider

• TheWithdrawalPaymentBasetoStep-Uptotheannuity’sAccountValue*iflarger,whentheWithdrawal Period begins and each Policy Anniversary thereafter

• TheMaximumGuaranteedAnnualWithdrawalPaymentincreaseseachtimethereisaStep-Upinthe Withdrawal Payment Base

• Accesstotheannuity’sAccountValueremains

• RequiredMinimumDistributionfriendly

*IfthebaseannuitypolicyhasapremiumbonusthatisnotincludedintheAccountValue,thenforpurposesofRestart,Step-Up,and

Withdrawal Payment Base, theAccountValuewillbeincreasedbyanyapplicablebaseannuityVestedBonusValue.

INCOME OUTLOOK PLUS 5NWL®’sNextGenerationBenefitRiderEnjoy the benefits of guaranteed lifetime retirement income with enhanced accumulations and control of your annuity!National Western Life requires that the Agent review this entire brochure with you.

INCOME OUTLOOK PLUS 5 DETAILSIncome Outlook Plus 5 is available to add as a rider to your National Western Life indexed annuity only at the time of purchase.

The Withdrawal Payment is the amount youchoose to receive each year. The Maximum GuaranteedAnnualWithdrawalPaymentisguaranteed to be paid for your lifetime if no Additional Withdrawals are taken. Your age must be at least 60 before Withdrawal Payments may begin. You may begin taking Withdrawal Payments as early as the first Policy Anniversary or any Policy Anniversary you choose after that. The Withdrawal Payments taken under this rider are deducted from the annuity’s Account Valueandwillnotincuranywithdrawalcharges.

There is an Annual Rider Charge for this benefiton each Policy Anniversary, beginning with the first. The Annual Rider Charge Rate isdetermined on the Policy Date and is shown on page 1 of the rider. This rate is guaranteed not to change while this rider is in force unless Restart (as described below) is elected and will never exceed the maximum rate of 1.5%.

There is a Rider Bonus added to the Accumulation Period Withdrawal Payment Base. The Rider Bonus is the Rider Bonus Rate shown on Page 1 of the rider multiplied by the premium received during the first Policy Year. The Rider Bonus is credited with interest at the same rate as the Account Value of the Policy. The Rider Bonus is available on a pro-rata basis based on the Rider Bonus Vesting Schedule shown on Page 1 of the rider and described on page 6 of this disclosure for Additional Withdrawals, full surrender, or annuitization of the Policy. This means the Rider Bonus will not be available in all Policy Years, as described more fully on page 6 of this disclosure. The Rider Bonus is fully included in the Account Value for purposes of the Death Benefit.

CancellationYou may cancel this rider at anytime. The rider will terminate when the annuity terminates for any reason or whenthe MaximumGuaranteedAnnual Withdrawal Payment is less than $100.

CONCLUSION

Income Outlook Plus 5 from National Western Life provides the security of a guaranteed income stream you can not outlive in retirement. This rider also offers the opportunity for larger income benefits when indexed interest credits increase your annuity’s Account Value.It alsogivesyoucontrolof yourannuity as your needs change and access to your money if needed.

About the CompanyNational Western Life Insurance Company® is a Colorado corporation with executive offices in Austin, Texas. The Company offers a full line of life insurance and annuity products (both on an individual and group basis), through independent agency offices in 49 states and the District of Columbia, and accepts applications fromresidentsof severalforeigncountries.Visitour website at www.nationalwesternlife.com forall current financial information.

Since its start in 1956, National Western has emphasized financial strength for the protection of its policyholders. As a legal reserve insurance company, National Western must set aside aportion of its assets equal to reserves required by law. Annually, a financial statement is filed with each state’s insurance department. These departments have authority to verify that theappropriate reserves are maintained.

Page 3Page 10

The Income Outlook Plus 5 rider has two periods, the Accumulation Period and the Withdrawal Period. Each period is described as follows.

During the Accumulation PeriodThe Accumulation Period Withdrawal Payment Base has a 4% interest rate that is guaranteed each year during the Accumulation Period. The Accumulation Period Withdrawal Payment Base initially equals the premium paid, plus any applicable premium bonus. Additional premiums paid and premium bonuses, if applicable, will be added to the Accumulation Period Withdrawal Payment Base when they are received. Withdrawals madefromtheAccountValuewillreducetheAccumulation Period Withdrawal Payment Base.

As the Payment Base grows, so do your guaranteed Withdrawal Payments for life.

RestartDuring the Accumulation Period, you may Restart the 4% guaranteed interest rate anytime after the fifth Policy Year. At the time you Restart the Accumulation Period, the following will happen:

• The4%guaranteedinterestrateontheAccumulation Period Withdrawal Payment Basewill be guaranteed from Restart;

• TheAccumulationPeriodWithdrawalPaymentBase will be increased to the annuity’s AccountValue*,iflarger;and

• TheAnnualRiderChargeRatemaychange,butwillnot be higher than the maximum guaranteed chargeof 1.5%. You must wait five years after eachRestart before beginning a new AccumulationPeriod.

*If the base annuity policy has a premium bonus that is not includedintheAccountValue,thenforpurposesofRestart,Step-Up,andWithdrawalPaymentBase,theAccountValuewillbeincreasedbyanyapplicablebaseannuityVestedBonusValue.

Withdrawals Withdrawals may be made at anytime as provided by the annuity. Withdrawals from your annuity will reduce the Accumulation Period Withdrawal Payment Base by the same percentage reduction madetotheannuity’sAccountValue.

Issue Age

Number of Full Years of Accumulation before Withdrawal Payments Begin

1 2 3 4 5 6 7 8 9 10

60 5,460 5,678 5,906 6,142 7,026 7,307 7,600 7,903 8,220 9,326 61 5,460 5,678 5,906 6,756 7,026 7,307 7,600 7,903 8,967 9,326 62 5,460 5,678 6,496 6,756 7,026 7,307 7,600 8,622 8,967 9,326 63 5,460 6,246 6,496 6,756 7,026 7,307 8,290 8,622 8,967 9,326 64 6,006 6,246 6,496 6,756 7,026 7,972 8,290 8,622 8,967 9,326 65 6,006 6,246 6,496 6,756 7,665 7,972 8,290 8,622 8,967 10,103 66 6,006 6,246 6,496 7,370 7,665 7,972 8,290 8,622 9,714 10,103 67 6,006 6,246 7,087 7,370 7,665 7,972 8,290 9,340 9,714 10,103 68 6,006 6,814 7,087 7,370 7,665 7,972 8,981 9,340 9,714 10,103 69 6,552 6,814 7,087 7,370 7,665 8,636 8,981 9,340 9,714 10,103 70 6,552 6,814 7,087 7,370 8,304 8,636 8,981 9,340 9,714 10,880 71 6,552 6,814 7,087 7,984 8,304 8,636 8,981 9,340 10,461 10,880 72 6,552 6,814 7,677 7,984 8,304 8,636 8,981 10,059 10,461 10,880 73 6,552 7,382 7,677 7,984 8,304 8,636 9,672 10,059 10,461 10,880 74 7,098 7,382 7,677 7,984 8,304 9,300 9,672 10,059 10,461 10,880 75 7,098 7,382 7,677 7,984 8,942 9,300 9,672 10,059 10,461 11,657 76 7,098 7,382 7,677 8,598 8,942 9,300 9,672 10,059 11,209 11,657 77 7,098 7,382 8,268 8,598 8,942 9,300 9,672 10,777 11,209 11,657 78 7,098 7,950 8,268 8,598 8,942 9,300 10,363 10,777 11,209 11,657 79 7,644 7,950 8,268 8,598 8,942 9,964 10,363 10,777 11,209 11,657 80 7,644 7,950 8,268 8,598 9,581 9,964 10,363 10,777 11,209 12,434 81 7,644 7,950 8,268 9,213 9,581 9,964 10,363 10,777 11,956 12,434 82 7,644 7,950 8,858 9,213 9,581 9,964 10,363 11,496 11,956 12,434 83 7,644 8,518 8,858 9,213 9,581 9,964 11,054 11,496 11,956 12,434 84 8,190 8,518 8,858 9,213 9,581 10,629 11,054 11,496 11,956 12,434 85 8,190 8,518 8,858 9,213 10,220 10,629 11,054 11,496 11,956 12,434

$100,000 Premium – Maximum Guaranteed Annual Withdrawal Payments - Single Annuitant

Page 4 Page 9

This is a hypothetical example that illustrates values for a single annuitant. This example does not demonstrate an actual crediting scenario and is not a projection of the future results.

Example:A$20,000withdrawalismade.TheAccountValueis$250,000beforethewithdrawal.AfterthewithdrawaltheAccountValueis$230,000,or92%oftheAccountValuebeforethewithdrawal.TheAccumulation Period Withdrawal Payment Base is $240,000 before the withdrawal. It is multiplied by 92% and equals $220,800 after the Withdrawal.

The Accumulation Period ends when you begin taking Withdrawal Payments. At that time, the Withdrawal Period begins.

During the Withdrawal PeriodThe Withdrawal Payment amount you choose to receive is guaranteed to be paid for your lifetime if it doesnotexceedtheMaximumGuaranteedAnnualWithdrawalPayment.TheMaximumGuaranteedAnnual Withdrawal Payment will remain level unless there is a Step-Up in the Withdrawal Payment Base, or you take an Additional Withdrawal.

You may receive your Withdrawal Payment annually, semi-annually, quarterly, or monthly. Each payment must be at least $100. Any election to start or stop Withdrawal Payments must be received at National Western Life Insurance Company® at least 20 days prior to the Policy Anniversary.

When the Withdrawal Period begins:

• TheGuaranteedWithdrawalPercentageisdetermined;• TheWithdrawalPaymentBaseisincreasedtotheannuity’sAccountValue*ifitislarger;• TheMaximumGuaranteedAnnualWithdrawalPaymentiscalculated;• Anyoutstandingloanmustberepaid;• NomoreloansorSystematicWithdrawalsofInterestfromtheAccountValueofthePolicymay

be taken; and• Anyapplicablepenalty-freewithdrawalamountthatisavailableeachPolicyYearunderthebase

annuity policy will be reduced by the Withdrawal Payment.

*IfthebaseannuitypolicyhasapremiumbonusthatisnotincludedintheAccountValue,thenforpurposesofRestart,Step-Up,and

Withdrawal Payment Base, theAccountValuewillbeincreasedbyanyapplicablebaseannuityVestedBonusValue.

The Guaranteed Withdrawal Percentage is based on your age at the beginning of the Withdrawal Period.This percentage will not change during the Withdrawal Period.

The Maximum Guaranteed Annual Withdrawal Payment equals the Withdrawal Payment BasemultipliedbytheGuaranteedWithdrawalPercentage.

Example: Five years ago, you purchased an annuity with Income Outlook Plus 5 with $100,000 and have now decided to begin Withdrawal Payments. The Withdrawal Payment Base is now $121,665 afterfiveyearsof4%interestandyourGuaranteedWithdrawalPercentageis6.5%.Atthistime,yourMaximumGuaranteedAnnualWithdrawalPaymentis$7,908andyourannuity’sAccountValueis$131,317.Therefore,theWithdrawalPaymentBaseisincreasedtotheAccountValueandyourMaximumGuaranteedAnnualWithdrawalPaymentis$8,536.

$250,000- 20,000

$230,000

230,000 ÷ 250,000 = 92% $240,000x .92

$220,800

Accumulation Period WithdrawalPayment Base

Account Value

The table below hasthe GuaranteedWithdrawal Percentages when there are joint annuitants. The percentage is based on the age of the younger annuitant on the Policy Anniversary that you begin Withdrawal Payments.

Age Percentage

60-64 4.00%65-69 4.50%70-74 5.00%75-79 5.50%80-84 6.00%85-89 6.50%90+ 7.00%

Page 5Page 8

ADDITIONAL DETAILS

Issue AgesIncome Outlook Plus 5 may be added to the annuity only at the time of purchase, regardless of age.

Premium AllocationPremiums may be allocated to any Interest Credit Options and in any combination that is allowed by the annuity. All premiums paid during the Accumulation Period are guaranteed to be included in the Accumulation Period Withdrawal Payment Base and will receive the 4% guaranteed interest rate.

AnnuitantsThe Annuitant and Joint Annuitant, if any, cannot be changed after the annuity is issued.

Two annuitants are allowed on this rider only. The Withdrawal Payment is guaranteed to be paid until the death of the last surviving annuitant. The Guaranteed Withdrawal Percentage is based on the age of the younger annuitant.

Guaranteed Withdrawal PercentagesThe GuaranteedWithdrawalPercentage isbasedon your age on the Policy Anniversary that you begin Withdrawal Payments.

The table below hasthe GuaranteedWithdrawalPercentages for a single annuitant.

Age Percentage60-64 5.00%65-69 5.50%70-74 6.00%75-79 6.50%80-84 7.00%85-89 7.50%90+ 8.00%

How Is The Maximum Guaranteed Annual Withdrawal Payment (MGAWP) Calculated?

Scenario 1 Scenario 2 Scenario 3

Age 65 - 1 Year Accumulation Age 65 - 5 Year Accumulation Age 65 - 10 Year Accumulation

Policy Years

Annuitants Age

Withdrawal Payment

Base

Guaranteed Withdrawal Percentage

MGAWPWithdrawal

Payment Base


MGAWPWithdrawal

Payment Base


MGAWP

0 65 105,000 105,000 105,000 1 66 109,200 5.50% 6,006 109,200 109,200 2 67 109,200 5.50% 6,006 113,568 113,568 3 68 109,200 5.50% 6,006 118,111 118,111 4 69 109,200 5.50% 6,006 122,835 122,835 5 70 109,200 5.50% 6,006 127,749 6.00% 7,665 127,749 6 71 109,200 5.50% 6,006 127,749 6.00% 7,665 132,858 7 72 109,200 5.50% 6,006 127,749 6.00% 7,665 138,173 8 73 109,200 5.50% 6,006 127,749 6.00% 7,665 143,700 9 74 109,200 5.50% 6,006 127,749 6.00% 7,665 149,448

10 75 109,200 5.50% 6,006 127,749 6.00% 7,665 155,426 6.50% 10,103 11 76 109,200 5.50% 6,006 127,749 6.00% 7,665 155,426 6.50% 10,103 12 77 109,200 5.50% 6,006 127,749 6.00% 7,665 155,426 6.50% 10,103 13 78 109,200 5.50% 6,006 127,749 6.00% 7,665 155,426 6.50% 10,103 14 79 109,200 5.50% 6,006 127,749 6.00% 7,665 155,426 6.50% 10,103 15 80 109,200 5.50% 6,006 127,749 6.00% 7,665 155,426 6.50% 10,103


Page 6 Page 7

Step-UpOn each Policy Anniversary during the Withdrawal Period, the Withdrawal Payment Base will be comparedtotheannuity’sAccountValue*.IftheAccountValue*islargerthantheWithdrawalPaymentBase,theWithdrawalPaymentBasewillStep-UptotheAccountValue*.

FollowingtheStep-Up,theMaximumGuaranteedAnnualWithdrawalPaymentisrecalculatedandincreased, based on this higher Withdrawal Payment Base. These payments are guaranteed for your lifetime.

Example:AttheendoftwoyearsofWithdrawalPayments,yourannuity’sAccountValuehasgrownto$132,725.YourWithdrawalPaymentBaseof$131,317willStep-Upto$132,725.TheMaximumGuaranteedAnnualWithdrawalPaymentwillbeincreasedto$8,627,whichequalstheWithdrawalPaymentBaseof$132,725multipliedbytheGuaranteedWithdrawalPercentageof6.5%.

*IfthebaseannuitypolicyhasapremiumbonusthatisnotincludedintheAccountValue,thenforpurposesofRestart,Step-Up,andWithdrawal Payment Base, theAccountValuewillbeincreasedbyanyapplicablebaseannuityVestedBonusValue.

Additional WithdrawalsAn Additional Withdrawal is any withdrawal that is not a Withdrawal Payment and may be made at anytime during the Withdrawal Period. Additional Withdrawals reduce the Withdrawal Payment Base and Withdrawal Payments using the pro-rata adjustment factor. The pro-rata adjustment factor is based onthechangeinAccountValueduetotheAdditionalWithdrawal.

TheMaximumGuaranteedAnnualWithdrawalPaymentwillchangetoequaltheGuaranteedWithdrawal Percentage multiplied by the Withdrawal Payment Base after the Additional Withdrawal. ThenewMaximumGuaranteedAnnualWithdrawalPaymentwillbecome effective on the Policy Anniversary following the Additional Withdrawal.

Rider Bonus Vesting ScheduleFor purposes of Additional Withdrawals, full surrenders, or annuitization, the Rider Bonus is available onapro-ratabasisbasedontheRiderBonusVestingScheduleshownonPage1oftheRideranddetailedbelow:

RiderBonusVestingSchedule

PolicyYears1-7 [0%]PolicyYear8 [25%]PolicyYear9 [50%]PolicyYear10andlater [100%]

Therefore,inaccordancewiththeRiderBonusVestingScheduleabove,ifyoutakeanyAdditionalWithdrawals, fully surrender, or annuitize pursuant to the terms of the Policy/Contract to which this riderisattached,noportionoftheRiderBonuswillbeavailabletoyouinyears1-7,andonlyalimitedportion will be available in years 8 and 9.

Beginning in Policy Year 10, the full Rider Bonus will be available.

Required Minimum Distributions (RMDs)IftheRMDpaymentisgreaterthantheMaximumGuaranteedAnnualWithdrawalPayment,theadditional amount withdrawn to meet the RMD payment will not be considered an Additional Withdrawal.

How Is The Maximum Guaranteed Annual Withdrawal Payment (MGAWP) Calculated?

Scenario 1 Scenario 2 Scenario 3

Age 65 - 1 Year Accumulation Age 65 - 5 Year Accumulation Age 65 - 10 Year Accumulation

Policy Years

Annuitants Age

Withdrawal Payment

Base


MGAWPWithdrawal

Payment Base


MGAWPWithdrawal

Payment Base


MGAWP

0 65 105,000 105,000 105,000 1 66 109,200 5.50% 6,006 109,200 109,200 2 67 109,200 5.50% 6,006 113,568 113,568 3 68 109,200 5.50% 6,006 118,111 118,111 4 69 109,200 5.50% 6,006 122,835 122,835 5 70 109,200 5.50% 6,006 127,749 6.00% 7,665 127,749 6 71 109,200 5.50% 6,006 127,749 6.00% 7,665 132,858 7 72 109,200 5.50% 6,006 127,749 6.00% 7,665 138,173 8 73 109,200 5.50% 6,006 127,749 6.00% 7,665 143,700 9 74 109,200 5.50% 6,006 127,749 6.00% 7,665 149,448

10 75 109,200 5.50% 6,006 127,749 6.00% 7,665 155,426 6.50% 10,103 11 76 109,200 5.50% 6,006 127,749 6.00% 7,665 155,426 6.50% 10,103 12 77 109,200 5.50% 6,006 127,749 6.00% 7,665 155,426 6.50% 10,103 13 78 109,200 5.50% 6,006 127,749 6.00% 7,665 155,426 6.50% 10,103 14 79 109,200 5.50% 6,006 127,749 6.00% 7,665 155,426 6.50% 10,103 15 80 109,200 5.50% 6,006 127,749 6.00% 7,665 155,426 6.50% 10,103


Page 6 Page 7

Step-UpOn each Policy Anniversary during the Withdrawal Period, the Withdrawal Payment Base will be comparedto the annuity’s Account Value*.Ifthe Account Value* islarger thanthe WithdrawalPaymentBase,the WithdrawalPayment BasewillStep-Upto the Account Value*.

Following the Step-Up, the MaximumGuaranteedAnnualWithdrawalPayment isrecalculatedandincreased, based on this higher Withdrawal Payment Base. These payments are guaranteed for your lifetime.

Example:At the endof two yearsof WithdrawalPayments,yourannuity’s Account Valuehasgrownto $132,725.YourWithdrawalPayment Baseof $131,317willStep-Upto $132,725.The MaximumGuaranteedAnnualWithdrawalPayment willbeincreasedto $8,627,whichequalsthe WithdrawalPayment Baseof $132,725 multipliedby the GuaranteedWithdrawalPercentage of 6.5%.

*If thebaseannuitypolicyhasapremiumbonusthatisnotincludedintheAccount Value,then forpurposesof Restart,Step-Up,andWithdrawal Payment Base, theAccount Valuewillbeincreasedby any applicablebaseannuityVestedBonusValue.

Additional WithdrawalsAn Additional Withdrawal is any withdrawal that is not a Withdrawal Payment and may be made at anytime during the Withdrawal Period. Additional Withdrawals reduce the Withdrawal Payment Base and Withdrawal Payments using the pro-rata adjustment factor. The pro-rata adjustment factor is based on thechangeinAccount Valuedue to theAdditional Withdrawal.

The MaximumGuaranteedAnnualWithdrawalPayment willchangeto equalthe GuaranteedWithdrawal Percentage multiplied by the Withdrawal Payment Base after the Additional Withdrawal. The newMaximumGuaranteedAnnualWithdrawalPayment willbecome effective on the Policy Anniversary following the Additional Withdrawal.

Rider Bonus Vesting ScheduleFor purposes of Additional Withdrawals, full surrenders, or annuitization, the Rider Bonus is available on apro-ratabasisbasedon the Rider BonusVesting Schedule shownon Page 1of the Rider and detailedbelow:

Rider BonusVesting Schedule

PolicyYears1-7 [0%]PolicyYear8 [25%]PolicyYear9 [50%]PolicyYear10 and later [100%]

Therefore,inaccordancewiththe Rider BonusVesting Schedule above,ifyoutake any AdditionalWithdrawals, fully surrender, or annuitize pursuant to the terms of the Policy/Contract to which this rider isattached, no portionof the Rider Bonuswillbeavailable to youinyears1-7,and only alimitedportion will be available in years 8 and 9.

Beginning in Policy Year 10, the full Rider Bonus will be available.

Required Minimum Distributions (RMDs)Ifthe RMDpayment isgreater thanthe MaximumGuaranteedAnnualWithdrawalPayment,theadditional amount withdrawn to meet the RMD payment will not be considered an Additional Withdrawal.

Example:A$20,000withdrawalismade.The Account Valueis$250,000before the withdrawal.Afterthe withdrawalthe Account Valueis$230,000, or 92%of the Account Valuebefore the withdrawal.TheAccumulation Period Withdrawal Payment Base is $240,000 before the withdrawal. It is multiplied by 92% and equals $220,800 after the Withdrawal.

The Accumulation Period ends when you begin taking Withdrawal Payments. At that time, the Withdrawal Period begins.

During the Withdrawal PeriodThe Withdrawal Payment amount you choose to receive is guaranteed to be paid for your lifetime if it doesnotexceedthe MaximumGuaranteedAnnualWithdrawalPayment.The MaximumGuaranteedAnnual Withdrawal Payment will remain level unless there is a Step-Up in the Withdrawal Payment Base, or you take an Additional Withdrawal.

You may receive your Withdrawal Payment annually, semi-annually, quarterly, or monthly. Each payment must be at least $100. Any election to start or stop Withdrawal Payments must be received at National Western Life Insurance Company® at least 20 days prior to the Policy Anniversary.

When the Withdrawal Period begins:

• The GuaranteedWithdrawalPercentage isdetermined;• The WithdrawalPayment Baseisincreasedto the annuity’s Account Value* ifit islarger;• The MaximumGuaranteedAnnualWithdrawalPayment iscalculated;• Any outstanding loanmustberepaid;• No more loansor Systematic Withdrawalsof Interestfromthe Account Valueof the Policymay

be taken; and• Anyapplicablepenalty-freewithdrawal amountthatisavailable each Policy Year underthebase

annuity policy will be reduced by the Withdrawal Payment.

*If thebaseannuitypolicyhasapremiumbonusthatisnotincludedintheAccount Value,then forpurposesof Restart,Step-Up,and

Withdrawal Payment Base, theAccount Valuewillbeincreasedby any applicablebaseannuityVestedBonusValue.

The Guaranteed Withdrawal Percentage is based on your age at the beginning of the Withdrawal Period. This percentage will not change during the Withdrawal Period.

The Maximum Guaranteed Annual Withdrawal Payment equals the Withdrawal Payment Base multipliedby the GuaranteedWithdrawalPercentage.

Example: Five years ago, you purchased an annuity with Income Outlook Plus 5 with $100,000 and have now decided to begin Withdrawal Payments. The Withdrawal Payment Base is now $121,665 afterfiveyearsof 4%interestand yourGuaranteedWithdrawalPercentage is6.5%.At thistime,yourMaximumGuaranteedAnnualWithdrawalPayment is$7,908and yourannuity’s Account Valueis$131,317.Therefore,the WithdrawalPayment Baseisincreasedto the Account Valueand yourMaximumGuaranteedAnnualWithdrawalPayment is$8,536.

$250,000- 20,000

$230,000

230,000 ÷ 250,000 = 92% $240,000x .92

$220,800

Accumulation Period WithdrawalPayment Base

Account Value

ThetablebelowhastheGuaranteedWithdrawal Percentages when there are joint annuitants. The percentage is based on the age of the younger annuitant on the Policy Anniversary that you begin Withdrawal Payments.

Age Percentage

60-64 4.00%65-69 4.50%70-74 5.00%75-79 5.50%80-84 6.00%85-89 6.50%90+ 7.00%

Page 5Page 8

ADDITIONAL DETAILS

Issue AgesIncome Outlook Plus 5 may be added to the annuity only at the time of purchase, regardless of age.

Premium AllocationPremiums may be allocated to any Interest Credit Options and in any combination that is allowed by the annuity. All premiums paid during the Accumulation Period are guaranteed to be included in the Accumulation Period Withdrawal Payment Base and will receive the 4% guaranteed interest rate.

AnnuitantsThe Annuitant and Joint Annuitant, if any, cannot be changed after the annuity is issued.

Two annuitants are allowed on this rider only. The Withdrawal Payment is guaranteed to be paid until the death of the last surviving annuitant. The Guaranteed Withdrawal Percentage is based on the age of the younger annuitant.

Guaranteed Withdrawal PercentagesTheGuaranteedWithdrawalPercentageisbasedon your age on the Policy Anniversary that you begin Withdrawal Payments.

ThetablebelowhastheGuaranteedWithdrawalPercentages for a single annuitant.

Age Percentage60-64 5.00%65-69 5.50%70-74 6.00%75-79 6.50%80-84 7.00%85-89 7.50%90+ 8.00%

The Income Outlook Plus 5 rider has two periods, the Accumulation Period and the Withdrawal Period. Each period is described as follows.

During the Accumulation PeriodThe Accumulation Period Withdrawal Payment Base has a 4% interest rate that is guaranteed each year during the Accumulation Period. The Accumulation Period Withdrawal Payment Base initially equals the premium paid, plus any applicable premium bonus. Additional premiums paid and premium bonuses, if applicable, will be added to the Accumulation Period Withdrawal Payment Base when they are received. Withdrawals madefromthe Account ValuewillreducetheAccumulation Period Withdrawal Payment Base.

As the Payment Base grows, so do your guaranteed Withdrawal Payments for life.

RestartDuring the Accumulation Period, you may Restart the 4% guaranteed interest rate anytime after the fifth Policy Year. At the time you Restart the Accumulation Period, the following will happen:

•The 4%guaranteedinterestrateon theAccumulation Period Withdrawal Payment Base will be guaranteed from Restart;

•The AccumulationPeriod WithdrawalPaymentBase will be increased to the annuity’s Account Value*,iflarger;and

• The AnnualRider ChargeRatemay change,butwillnot be higher than the maximum guaranteed charge of 1.5%. You must wait five years after each Restart before beginning a new Accumulation Period.

*If the base annuity policy has a premium bonus that is not included intheAccount Value,then forpurposesof Restart,Step-Up,andWithdrawal Payment Base,theAccount Valuewillbeincreasedby anyapplicablebaseannuityVestedBonusValue.

Withdrawals Withdrawals may be made at anytime as provided by the annuity. Withdrawals from your annuity will reduce the Accumulation Period Withdrawal Payment Base by the same percentage reduction madeto the annuity’s Account Value.

Issue Age

Number of Full Years of Accumulation before Withdrawal Payments Begin

1 2 3 4 5 6 7 8 9 10

60 5,460 5,678 5,906 6,142 7,026 7,307 7,600 7,903 8,220 9,326 61 5,460 5,678 5,906 6,756 7,026 7,307 7,600 7,903 8,967 9,326 62 5,460 5,678 6,496 6,756 7,026 7,307 7,600 8,622 8,967 9,326 63 5,460 6,246 6,496 6,756 7,026 7,307 8,290 8,622 8,967 9,326 64 6,006 6,246 6,496 6,756 7,026 7,972 8,290 8,622 8,967 9,326 65 6,006 6,246 6,496 6,756 7,665 7,972 8,290 8,622 8,967 10,103 66 6,006 6,246 6,496 7,370 7,665 7,972 8,290 8,622 9,714 10,103 67 6,006 6,246 7,087 7,370 7,665 7,972 8,290 9,340 9,714 10,103 68 6,006 6,814 7,087 7,370 7,665 7,972 8,981 9,340 9,714 10,103 69 6,552 6,814 7,087 7,370 7,665 8,636 8,981 9,340 9,714 10,103 70 6,552 6,814 7,087 7,370 8,304 8,636 8,981 9,340 9,714 10,880 71 6,552 6,814 7,087 7,984 8,304 8,636 8,981 9,340 10,461 10,880 72 6,552 6,814 7,677 7,984 8,304 8,636 8,981 10,059 10,461 10,880 73 6,552 7,382 7,677 7,984 8,304 8,636 9,672 10,059 10,461 10,880 74 7,098 7,382 7,677 7,984 8,304 9,300 9,672 10,059 10,461 10,880 75 7,098 7,382 7,677 7,984 8,942 9,300 9,672 10,059 10,461 11,657 76 7,098 7,382 7,677 8,598 8,942 9,300 9,672 10,059 11,209 11,657 77 7,098 7,382 8,268 8,598 8,942 9,300 9,672 10,777 11,209 11,657 78 7,098 7,950 8,268 8,598 8,942 9,300 10,363 10,777 11,209 11,657 79 7,644 7,950 8,268 8,598 8,942 9,964 10,363 10,777 11,209 11,657 80 7,644 7,950 8,268 8,598 9,581 9,964 10,363 10,777 11,209 12,434 81 7,644 7,950 8,268 9,213 9,581 9,964 10,363 10,777 11,956 12,434 82 7,644 7,950 8,858 9,213 9,581 9,964 10,363 11,496 11,956 12,434 83 7,644 8,518 8,858 9,213 9,581 9,964 11,054 11,496 11,956 12,434 84 8,190 8,518 8,858 9,213 9,581 10,629 11,054 11,496 11,956 12,434 85 8,190 8,518 8,858 9,213 10,220 10,629 11,054 11,496 11,956 12,434

$100,000 Premium – Maximum Guaranteed Annual Withdrawal Payments - Single Annuitant

Page 4 Page 9


INCOME OUTLOOK PLUS 5 DETAILSIncome Outlook Plus 5 is available to add as a rider to your National Western Life indexed annuity only at the time of purchase.

The Withdrawal Payment is the amount you choose to receive each year. The Maximum GuaranteedAnnualWithdrawalPayment isguaranteed to be paid for your lifetime if no Additional Withdrawals are taken. Your age must be at least 60 before Withdrawal Payments may begin. You may begin taking Withdrawal Payments as early as the first Policy Anniversary or any Policy Anniversary you choose after that. The Withdrawal Payments taken under this rider are deducted from the annuity’s Account Valueand willnotincurany withdrawalcharges.

There is an Annual Rider Charge for this benefit on each Policy Anniversary, beginning with the first. The Annual Rider Charge Rate is determined on the Policy Date and is shown on page 1 of the rider. This rate is guaranteed not to change while this rider is in force unless Restart (as described below) is elected and will never exceed the maximum rate of 1.5%.

There is a Rider Bonus added to the Accumulation Period Withdrawal Payment Base. The Rider Bonus is the Rider Bonus Rate shown on Page 1 of the rider multiplied by the premium received during the first Policy Year. The Rider Bonus is credited with interest at the same rate as the Account Value of the Policy. The Rider Bonus is available on a pro-rata basis based on the Rider Bonus Vesting Schedule shown on Page 1 of the rider and described on page 6 of this disclosure for Additional Withdrawals, full surrender, or annuitization of the Policy. This means the Rider Bonus will not be available in all Policy Years, as described more fully on page 6 of this disclosure. The Rider Bonus is fully included in the Account Value for purposes of the Death Benefit.

CancellationYou may cancel this rider at anytime. The rider will terminate when the annuity terminates for anyreasonorwhentheMaximumGuaranteedAnnual Withdrawal Payment is less than $100.

CONCLUSION

Income Outlook Plus 5 from National Western Life provides the security of a guaranteed income stream you can not outlive in retirement. This rider also offers the opportunity for larger income benefits when indexed interest credits increase your annuity’s AccountValue.Italsogivesyoucontrolofyourannuity as your needs change and access to your money if needed.

About the CompanyNational Western Life Insurance Company® is a Colorado corporation with executive offices in Austin, Texas. The Company offers a full line of life insurance and annuity products (both on an individual and group basis), through independent agency offices in 49 states and the District of Columbia, and accepts applications fromresidentsofseveralforeigncountries.Visitour website at www.nationalwesternlife.com for all current financial information.

Since its start in 1956, National Western has emphasized financial strength for the protection of its policyholders. As a legal reserve insurance company, National Western must set aside a portion of its assets equal to reserves required by law. Annually, a financial statement is filed with each state’s insurance department. These departments have authority to verify that the appropriate reserves are maintained.

Page 3Page 10




• This is a withdrawal benefit rider that guarantees lifetimeWithdrawal Payments after age 60.

• For purposes of this brochure, the assumption is that theAnnuitant and Owner are the same.

• OncetheWithdrawalPaymentsbegin,thereisnofurtherAccumulation Period available.


• TheAccountValueofthepolicyisreducedeachyearbytheAnnual Rider Charge shown on page 1 of the rider, regardlessof whether Withdrawal Payments are taken.

• Ifat the end of Accumulation Period you have not yetrequested Withdrawal Payments or elected the Restartoption, the Annual Rider Charge will continue to bededucted from the Account Value and the AccumulationPeriod Withdrawal Payment Base will no longer accumulatewith interest.



I have received a copy of this brochure, and I have reviewed it with my agent. I fully understand the brochure and the specific points outlined above. The brochure is not a part of the rider and does not modify it in any way. The rider itself contains all terms, benefits, guarantees, limitations, re-strictions, and exclusions.




Applicant to RetainDM-1120-SIG.Rev.3.18 DM-1120-SIG.Rev.3.18




• This is a withdrawal benefit rider that guarantees lifetimeWithdrawal Payments after age 60.

• For purposes of this brochure, the assumption is that theAnnuitant and Owner are the same.

• OncetheWithdrawalPaymentsbegin,thereisnofurtherAccumulation Period available.


• TheAccountValueofthepolicyisreducedeachyearbytheAnnual Rider Charge shown on page 1 of the rider, regardlessof whether Withdrawal Payments are taken.

• Ifat the end of Accumulation Period you have not yetrequested Withdrawal Payments or elected the Restartoption, the Annual Rider Charge will continue to bededucted from the Account Value and the AccumulationPeriod Withdrawal Payment Base will no longer accumulatewith interest.



I have received a copy of this brochure, and I have reviewed it with my agent. I fully understand the brochure and the specific points outlined above. The brochure is not a part of the rider and does not modify it in any way. The rider itself contains all terms, benefits, guarantees, limitations, re-strictions, and exclusions.




Submit with Application

Page 2 Page 11 Page 11

NWL®’s Income Outlook Plus 5 provides:

•Great growthpotentialforyourlifetime WithdrawalPayments…•Controlof whenyourWithdrawalPaymentsbegin…•GuaranteedWithdrawalPercentagesthat increaseat selectedages…•Accessto yourmoneyforAdditionalWithdrawalsremains…

•GuaranteedWithdrawalPaymentsforlife anytime afterthe age of 60!

Adding Income Outlook Plus 5 to your National Western Life indexed annuity at purchase will give you all of these benefits. This withdrawal benefit rider works with all of your annuity’s traditional benefits and enhances the benefits with guaranteed Withdrawal Payments you cannot outlive.

INCOMEOUTLOOK PLUS 5HIGHLIGHTSIncome Outlook Plus 5 guarantees during the Accumulation Period:

•4% interest on the Accumulation Period Withdrawal Payment Base until lifetime WithdrawalPayments begin

•5% Rider Bonus on the premiums received in the first Policy Year subject to the Rider Bonus VestingSchedule

•The GuaranteedWithdrawalPercentagesincreaseat everyfifthage untilage 90or untilthe lifetimeWithdrawal Payments begin

•Accessto the annuity’s Account Valueremains

•The optionto Restart the ten year Accumulation Period at the end of the fifth Policy Year

Income Outlook Plus 5 guarantees during the Withdrawal Period:

•WithdrawalPaymentsthat canbepaid forlife

•The abilityto stop and start Withdrawal Payments

•No withdrawalchargeson WithdrawalPaymentstakenunder thisrider

•The WithdrawalPayment Baseto Step-Upto the annuity’s Account Value* iflarger,whenthe Withdrawal Period begins and each Policy Anniversary thereafter

•The MaximumGuaranteedAnnualWithdrawalPayment increaseseachtime there isaStep-Upinthe Withdrawal Payment Base

•Accessto the annuity’s Account Valueremains

•RequiredMinimumDistributionfriendly

*If thebaseannuitypolicyhasapremiumbonusthatisnotincludedintheAccount Value,then forpurposesof Restart,Step-Up,and

Withdrawal Payment Base, theAccount Valuewillbeincreasedby any applicablebaseannuityVestedBonusValue.

INCOME OUTLOOK PLUS 5NWL®’s NextGenerationBenefitRiderEnjoy the benefits of guaranteed lifetime retirement income with enhanced accumulations and control of your annuity!National Western Life requires that the Agent review this entire brochure with you.

National Western Life Insurance Company® • 850 East Anderson Lane • Austin, Texas 78752

NWL®’s Withdrawal Benefit Rider01-3128-09

Still A Sure WIN to Provide Security For Your Withdrawal Income Needs!Optional Benefit Available on Indexed Annuities

DM-1120.Rev.1.13

PO Box 209080, Austin, TX 78720-908010801 N Mopac Expy Bldg 3, Austin, TX 78759-5415


PO Box 209080, Austin, TX 78720-908010801 N Mopac Expy Bldg 3, Austin, TX 78759-5415


Documents

NWL ’s Withdrawal Benefit RiderI certify that I reviewed this brochure with the applicant _____ Agent’s Signature & Agent No. Date Applicant to Retain DM-1120-SIG.Rev.1.13 DM-1120-SIG.Rev.1.13