Options A, D, and J: Interest on the Account Value is linked in part to the S&P 500 ** Composite Stock Index

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1 NWL IMPACT 7 Name of Plan Product Type Equity Indexing Interest Strategies NWL IMPACT 7 Form and state variations FPDA Lookback Feature, Annual Ratchet with Monthly Index Average, Participation Rate, and Asset Rate Fee or Annual Ratchet Monthly Index Change Rate with Cap, No Asset Fee Rate, or an Annual Ratchet Annual Index Change Rate with Cap, No Asset Fee Rate. See Current Interest Rate Sheet (SA-8649) for all current rates! Options A, D, and J: Interest on the Account Value is linked in part to the S&P 500 ** Composite Stock Index Option A: Option B: Option D: Option J: Indexed Interest Rate Annual Ratchet with Monthly Average Guaranteed Minimum Participation Rate - 30% Guaranteed Maximum Asset Fee Rate - 6.0% Fixed Interest Rate Indexed Interest Rate Annual Ratchet with Monthly Cap Guaranteed Minimum Monthly Cap Rate 0.50% Indexed Interest Rate - Annual Ratchet with Annual Cap Guaranteed Minimum Annual Cap Rate 3.00% Option K: Interest on the Account Value is linked in part to the S&P 500 ** Composite Stock Index, the Nikkei 225** Index, the EURO STOXX 50 ** Index, and the Hang Seng** Index. (Note: The Indexes do not include dividends that may be paid on the stocks making up the Indexes.) Option K: Indexed Interest Rate - Annual Ratchet with Monthly Average Guaranteed Minimum Participation Rate 20% Guaranteed Maximum Asset Fee Rate 2.0% Minimum Guaranteed Interest Rate Minimum Guaranteed Contract Value Premium Bonus Bonus Vesting Schedule Early Withdrawal Charge You may elect to allocate the premium to more than one Interest Credit Option. The Interest Credit Allocation Percentages for available Interest Credit Options can be any whole number percentages, in any combination, whose total is 100%. The Minimum Guaranteed Interest Rate is set for new policies each calendar quarter. It is the average of the 5 Year Constant Maturity Treasury Rate minus 1.25% for the 6 month period ending 1 month prior to the beginning of the current calendar quarter, rounded to the nearest 1/20 th of 1.00%. It is never less than 1.00% and never more than 3.00%. The Minimum Guaranteed Interest Rate is guaranteed for the Contract Term. At the end of the Contract Term, the Minimum Guaranteed Interest Rate will be re-determined. Minimum Guaranteed Interest Rate 1.00% for Policies with Policy Dates in Apr, May, Jun 2011 The Minimum Guaranteed Contract Value equals 87.5% of premiums received, less withdrawals and withdrawal charges, accumulated at the Minimum Guaranteed Interest Rate. 5.00% of premiums received in the First Policy Year, Subject to 10 year Vesting Schedule, Not included in Account Value or MGCV Bonus not available for withdrawals or surrender in Policy Years 1-5; bonus is vested 10% at end of Policy Year 6, 20% at end of Policy Year 7, 30% at end of Policy Year 8, 50% at end of Policy Year 9 and 100% at end of Policy Year Years Policy Year Percent % Policy Year Percent % % % % % % % % Thereafter 0.00% Withdrawal Charge Free Death Benefits Before Annuity Date Withdrawal Benefit Riders ( and ) Riders not available in all states. Policy Loan For agent use only. This document has not been approved under the advertising laws of your state for dissemination to individual purchasers. NWL IMPACT 7 (form and state variations) is a flexible premium deferred fixed annuity issued by National Western Life Insurance Company, Austin, Texas. Products not approved in all states. Certain limitations and exclusions apply. See policy for complete information and details. *Rates are effective as of date of publication and subject to change. ** Standard & Poor s, S&P, S&P 500, Standard & Poor s 500, and 500 are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by National Western Life Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor s and Standard & Poor s makes no representation regarding the advisability of purchasing the Product. The EURO STOXX 50 is the intellectual property (including registered trademarks) of Stoxx Limited, Zurich, Switzerland (the Licensor ), which is used under license. The Product is in no way sponsored, endorsed, sold or promoted by the Licensor and the Licensor shall have no liability with respect thereto. The copyright relating to the Nikkei Stock Average ( NSA ) and intellectual property rights as to the indications for Nikkei Inc. ( Nikkei ) and the NSA and any other rights shall belong to Nikkei. Nikkei shall be entitled to change the details of the NSA and to suspend the announcement thereof. All the businesses and implementation relating to the license agreement between National Western Life Insurance Company ( NWL ) and Nikkei Digital Media, Inc. shall be conducted exclusively at the risk of NWL, and Nikkei and Nikkei Digital Media, Inc. shall assume no obligation or responsibility therefor. Hang Seng Indexes Company Limited and Hang Seng Data Services Limited do not sponsor, endorse, sell, or promote the Product and make no representations or warranties with respect thereto. DM-1185.Rev % of sum of Account Value plus any Vested Bonus Value, free of a withdrawal charge, once annually AFTER 1 st Policy Year or Systematic Withdrawal of Interest, each year after 1 st Policy Year or IRA Qualified - RMD free of a withdrawal charge in all Policy Years Account Value plus Bonus Value 5% Interest Rate on the Accumulation Period Withdrawal Payment Base; Ability to Stop and Start Withdrawal Payments; Guaranteed Withdrawal Payments for Life After Age 60; and RMD Friendly. 5% rider bonus subject to vesting schedule (available only on Rider ). See riders for qualifications and requirements. Review DM-1049 and DM-1120 Consumer Disclosure Brochure for more details. YES! Thirty (30) days after issue, up to 60% of the Contract Value (100% Fixed Option only) Loan Rate 7.4% in advance. In VA and VT up to 100% Cash Surrender Value after Premiums have been paid for three full years; see endorsement P-VA for details. Yes! Annuitize at Full Contract Value on 22 nd policy anniversary, for a minimum of 5 years. Annuitization Premium Limits Minimum Initial Premium - $5,000; Minimum for Qualified - $2,000 Maximum Initial Premium without prior approval - $1,500,000; Additional Minimum Premium - $100 Issue Ages Annuitant 0-80 Non-Qualified & Qualified; Owner 0-85 Non-Qualified & Qualified (if different than annuitant) Sizzle Co-Annuitant Endorsement ; may vary by state. Financial Ratings A.M. Best: A (Excellent) S&P : A (Strong)

2 NWL IMPACT 10 Name of Plan Product Type Equity Indexing Interest Strategies NWL IMPACT 10 Form and state variations FPDA Lookback Feature, Annual Ratchet with Monthly Index Average, Participation Rate, and Asset Rate Fee or Annual Ratchet Monthly Index Change Rate with Cap, No Asset Fee Rate, or an Annual Ratchet Annual Index Change Rate with Cap, No Asset Fee Rate. See Current Interest Rate Sheet (SA-8649) for all current rates! Options A, D, and J: Interest on the Account Value is linked in part to the S&P 500 ** Composite Stock Index Option A: Option B: Option D: Option J: Indexed Interest Rate Annual Ratchet with Monthly Average Guaranteed Minimum Participation Rate - 30% Guaranteed Maximum Asset Fee Rate - 6.0% Fixed Interest Rate Indexed Interest Rate Annual Ratchet with Monthly Cap Guaranteed Minimum Monthly Cap Rate 0.50% Indexed Interest Rate - Annual Ratchet with Annual Cap Guaranteed Minimum Annual Cap Rate 3.00% Option K: Interest on the Account Value is linked in part to the S&P 500 ** Composite Stock Index, the Nikkei 225** Index, the EURO STOXX 50 ** Index, and the Hang Seng** Index. (Note: The Indexes do not include dividends that may be paid on the stocks making up the Indexes.) Option K: Indexed Interest Rate - Annual Ratchet with Monthly Average Guaranteed Minimum Participation Rate 20% Guaranteed Maximum Asset Fee Rate 2.0% Minimum Guaranteed Interest Rate You may elect to allocate the premium to more than one Interest Credit Option. The Interest Credit Allocation Percentages for available Interest Credit Options can be any whole number percentages, in any combination, whose total is 100%. The Minimum Guaranteed Interest Rate is set for new policies each calendar quarter. It is the average of the 5 Year Constant Maturity Treasury Rate minus 1.25% for the 6 month period ending 1 month prior to the beginning of the current calendar quarter, rounded to the nearest 1/20 th of 1.00%. It is never less than 1.00% and never more than 3.00%. The Minimum Guaranteed Interest Rate is guaranteed for the Contract Term. At the end of the Contract Term, the Minimum Guaranteed Interest Rate will be re-determined. Minimum Guaranteed Interest Rate 1.00% for Policies with Policy Dates in Apr, May, Jun 2011 Minimum Guaranteed Contract Value Premium Bonus Bonus Vesting Schedule Early Withdrawal Charge Withdrawal Charge Free Death Benefits Before Annuity Date Withdrawal Benefit Riders ( and ) Riders not available in all states. Policy Loan Annuitization The Minimum Guaranteed Contract Value equals 87.5% of premiums received, less withdrawals and withdrawal charges, accumulated at the Minimum Guaranteed Interest Rate. 7.00% of premiums received in the First Policy Year, Subject to Vesting Schedule, Not included in Account Value or MGCV Bonus not available for withdrawals or surrender in Policy Years 1-7; bonus is vested 25% at end of Policy Year 8, 50% at end of Policy Year 9 and 100% at end of Policy Year Years Policy Year Percent % Policy Year Percent % % % % % % % % % % Thereafter 0.00% % 10% of sum of Account Value plus any Vested Bonus Value, free of a withdrawal charge, once annually AFTER 1 st Policy Year or Systematic Withdrawal of Interest, each year after 1 st Policy Year or IRA Qualified - RMD free of a withdrawal charge in all Policy Years Account Value plus Bonus Value 5% Interest Rate on the Accumulation Period Withdrawal Payment Base; Ability to Stop and Start Withdrawal Payments; Guaranteed Withdrawal Payments for Life After Age 60; and RMD Friendly. 5% rider bonus subject to vesting schedule (available only on Rider ). See riders for qualifications and requirements. Review DM-1049 and DM-1120 Consumer Disclosure Brochure for more details. YES! Thirty (30) days after issue, up to 60% of the Contract Value (100% Fixed Option only) Loan Rate 7.4% in advance. In VA and VT up to 100% Cash Surrender Value after Premiums have been paid for three full years; see endorsement P-VA for details. Yes! Annuitize at Full Contract Value on 22 nd policy anniversary, for a minimum of 5 years. Florida only - Annuitize at full Contract Value on or after the 1 st policy anniversary, for Settlement Option 1 (Life Only) prior to the 10th policy anniversary, and for a minimum of five (5) years after the 10th policy anniversary. Premium Limits Minimum Initial Premium - $5,000; Minimum for Qualified - $2,000 Maximum Initial Premium without prior approval - $1,500,000; Additional Minimum Premium - $100 Issue Ages Annuitant 0-80 Non-Qualified & Qualified; Owner 0-85 Non-Qualified & Qualified (if different than annuitant) Sizzle Co-Annuitant Endorsement ; may vary by state. Financial Ratings A.M. Best: A (Excellent) S&P : A (Strong) For agent use only. This document has not been approved under the advertising laws of your state for dissemination to individual purchasers. NWL IMPACT 10 (form and state variations) is a flexible premium deferred fixed annuity issued by National Western Life Insurance Company, Austin, Texas. Products not approved in all states. Certain limitations and exclusions apply. See policy for complete information and details. *Rates are effective as of date of publication and subject to change. ** Standard & Poor s, S&P, S&P 500, Standard & Poor s 500, and 500 are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by National Western Life Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor s and Standard & Poor s makes no representation regarding the advisability of purchasing the Product. The EURO STOXX 50 is the intellectual property (including registered trademarks) of Stoxx Limited, Zurich, Switzerland (the Licensor ), which is used under license. The Product is in no way sponsored, endorsed, sold or promoted by the Licensor and the Licensor shall have no liability with respect thereto. The copyright relating to the Nikkei Stock Average ( NSA ) and intellectual property rights as to the indications for Nikkei Inc. ( Nikkei ) and the NSA and any other rights shall belong to Nikkei. Nikkei shall be entitled to change the details of the NSA and to suspend the announcement thereof. All the businesses and implementation relating to the license agreement between National Western Life Insurance Company ( NWL ) and Nikkei Digital Media, Inc. shall be conducted exclusively at the risk of NWL, and Nikkei and Nikkei Digital Media, Inc. shall assume no obligation or responsibility therefor. Hang Seng Indexes Company Limited and Hang Seng Data Services Limited do not sponsor, endorse, sell, or promote the Product and make no representations or warranties with respect thereto. DM-1184.Rev.3.11

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