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National Western Life Insurance Company is an American stock life insurance company headquartered in Austin, Texas.[2][3]
 | |
| Nasdaq: NWLI[1] Russell 2000 Component | |
| Industry | Life insurance Financial services |
| Founded | 1956 |
| Headquarters | Austin, Texas, U.S. |
Key people |
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| Products | Life insurance Annuities Financial products |
Number of employees |
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| Website | nationalwesternlife |
The company was founded in 1956, and as of 2019 it has about 275 employees and 25,200 contracted independent agents and operates in 49 US states.
On 1 January 2020, National Western Life Insurance Company (NWLIC) confirmed the formation of The Sterling Group, a strategic partnership between itself and six large regional marketing organizations. Such strategic marketing agencies include Excel Advisors, CreativeOne, Financial Independence Group, Gradient Insurance Brokerage, Impact Partnership and M&O Marketing.[4]
Products
The company offers individual universal life plans, term insurance plans, and whole life plans as well as offering annuities and life insurance products for foreign nationals.[1][5]
Acquisition by Prosperity Life Group.
On 9 October 2023, the company announced an agreement where S. USA Life Insurance Company, Inc., an affiliate of Prosperity Life Group, will acquire National Western in an all-cash transaction valued at approximately $1.9 billion.[6] The merger was completed in July 2024 with its stock being delisted from the Nasdaq.[7]
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