Life insurance refers to a specified amount of capital—the death benefit—that is paid to beneficiaries upon the death of the policyholder. There are many different forms of life insurance including term life, whole life and universal life. Term life is arguably the most basic form of life insurance and is intended to provide financial protection through income replacement in the event of the premature death of the policyholder. There are also many different uses of life insurance such as income replacement, estate planning and tax planning.
Madison National Life Insurance Company, Inc.
Life Insurance Company of the Southwest (LSW) was incorporated in 1955 and is headquartered in Addison, Texas. It is a wholly owned subsidiary of the National Life Group and is licensed to do business in 49 states and the District of Columbia. Life Insurance Company of the Southwest (LSW) provides annuities to individuals and below is a brief description of its annuities:
