National Life Group LSW FIT Select Income Fixed Index Annuity


The LSW FIT Select Income fixed index annuity is a personal pension plan designed to provide retirees an income for life.


The FIT Select Income is a flexible premium indexed annuity from Life Insurance Company of the Southwest. Build your retirement savings with a Fixed Indexed Annuity that offers guaranteed lifetime income to help you realize a Financially Independent Tomorrow.


About National Life Group



Benefits and Features 

Helping to Achieve Financial Fitness

Tax Deferral Helps your savings grow faster than if you paid taxes on your earnings each year.

Guarantees You can be assured that your premiums paid and interest earned will never lose value.

Index Strategies With several index strategies to choose from, your account can benefit from interest crediting tied in part to the change in a major market index.

FIT Select Income has a Guaranteed Lifetime Income Rider to help turn what you’ve saved for retirement into guaranteed income for life.

Premiums paid and interest credited are not subject to market risk with our 0% floor guarantee.

You have control with flexible premium options, withdrawal features, and a wide choice of crediting strategies to allocate your values.


A closer look at Fixed Indexed Annuities (FIAs)

A fixed indexed annuity is a type of annuity contract that can credit interest based on the performance of an index, like the S&P 500, without actually participating in the stock market.

Fixed Indexed Annuities Can Provide:

  • Tax Deferral
  • Guaranteed Accumulation Value
  • Guaranteed safety of premiums paid and interest earned
  • Potential for higher interest crediting than traditional fixed annuities
  • Death Benefit Protection – upon death, the accumulated value passes to your beneficiaries

The Power of Tax Deferral

Annuities receive a tax benefit in the form of tax deferral on earnings.

This means that the interest you are credited with today won’t be taxed until you decide to withdraw it and can help further build your retirement savings.

Already saving pre-tax?

If you are already saving through an IRA, 403(b) or 457, these plans allow you to save pre-tax and defer taxes on the interest you earn.

 National Life Group’s FIT Select Income annuity may be a good choice for your qualified retirement plan.

Remember, annuities offer the benefit of guaranteed accumulation and guaranteed safety of premiums and earnings.

Retire on Your Terms with a Guaranteed Lifetime Income Rider

Retirement is about more than what you save. It’s also important to make your income last a lifetime.

FIT Select Income with the Guaranteed Lifetime Income Rider can help you turn what you’ve saved into retirement income that you can never outlive.

When the GLIR benefit is activated, you are guaranteed a stream of income for the rest of your life!

What About Inflation?

Market risk isn’t the only factor that can impact your retirement savings.

Over time, inflation can erode your spending power as the cost of goods and services rises and your money just doesn’t go as far as before.

Increases in Lifetime Income

The PassThrough Feature provides the potential to increase your income any time-indexed interest is credited.

It’s like getting a raise in retirement to help meet the rising cost of living.

And, don’t worry – your guaranteed income will never decrease because you are protected by the 0% floor.

Nursing Care and Terminal Illness Riders

(in states where approved)
These riders give you peace of mind knowing that in case of a qualifying medical event, you can access up to $250,000 of your money at any time without paying a withdrawal charge

10% Free Withdrawal in Policy Years 2+

We know there are times when you may need to access your policy values.

That is why you can take up to 10% per year from your policy without a withdrawal charge, if available by law.

Required Minimum Distributions

Surrender charges will not be applied to any amounts withdrawn from your policy to satisfy the required minimum distributions starting at age 72.



FIT Select Income Special Features

Emergency Access Waiver

Available on FIT Retirement Series products currently in 403(b) or 457(b) status (types of retirement plans) and policy are eligible for a distribution. 

For 403(b) Hardship or 457(b) Unforeseen Emergency distributions:

  • The policy must be in force for one year and distribution payable to the annuitant is approved by the Plan/Third Party Administrator (TPA)
  • All Withdrawal Charges and Market Value Adjustment (MVA) are waived

For separation from service or disability:

  • The policy must be in force for one year and the Policy owner must be separated from service from the plan sponsor or disabled
  • Distributions payable to the annuitant will have the Withdrawal Charge and MVA waived on ––20% of the accumulation value in years 2-4 –– 100% of the accumulation value in years 5+


Minimum Premium

Maximum Premium

Enhanced Benefits


Contract Length

Company Rating (A.M. Best)

Maximum Issue Age

Accepted Funds

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Insurance Company

Premium Type

Annuitization Required

Annual Penalty-Free Withdrawals

Death Benefit


State Availability

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Liquidity Options

Annual Fees

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