403(b) Plans

In today’s volatile economy, it is important that employees have a place to save for their retirement – with a company that specializes and continues to be a leader in the 403(b)/457(b) market. It’s our core business. Life Insurance Company of the Southwest offers excellent traditional fixed and indexed annuities with Guaranteed Lifetime Income Riders (GLIR).


Guarantees are dependent upon the claims-paying ability of the insurer. The GLIR is an optional benefit for which premium is charged. Deferred annuities are designed for long-term accumulation purposes. Early withdrawals may be subject to surrender charges and if taken prior to age 59 1/2, a 10% federal penalty may apply. All withdrawals made from annuities with pre-tax contributions are taxed as ordinary income. All withdrawals from an annuity purchased with non-qualified monies are taxable as ordinary income only to the extent there is a gain in the policy. 

Life Insurance Company of the Southwest (LSW) based in Addison, Texas was established in 1955 and is a wholly owned subsidiary of National Life Insurance Company, Montpelier, VT and recognized as an industry leader in annuity and life insurance products. LSW is licensed to do business in 49 states and the District of Columbia. It is not licensed in NY.