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UNITED
STATES
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SECURITIES
AND EXCHANGE COMMISSION
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WASHINGTON,
D.C. 20549
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FORM
8-K
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CURRENT
REPORT
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Pursuant
to Section 13 or 15(d) of
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the
Securities Exchange Act of 1934
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Date
of Report (Date of Earliest Event Reported) February 18,
2010
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NATIONAL
WESTERN LIFE INSURANCE COMPANY
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(Exact
Name of Registrant as Specified in Its Charter)
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COLORADO
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84-0467208
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(State
or Other Jurisdiction of Incorporation)
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(I.R.S.
Employer Identification Number)
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2-17039
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(Commission
File Number)
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850
EAST ANDERSON LANE, AUSTIN, TEXAS
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78752-1602
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(Address
of Principal Executive Offices)
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(Zip
code)
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(512)
836-1010
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(Registrant's
Telephone Number, Including Area Code)
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Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
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[ ]
Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
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(17
CFR 240.14d-2(b))
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[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
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(17
CFR 240.13e-4(c))
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Item
8.1 Other Events
National
Western Life Insurance Company (the "Company") has reached a settlement
agreement with the plaintiffs and plaintiff in intervention (California
Department of Insurance) who filed a class action lawsuit against the Company in
the State of California. The lawsuit was filed on behalf of a statewide
class of purchasers aged 65 and over who made various allegations on select
Company annuity products. National Western denies liability for the claims
asserted by the plaintiff in intervention and the plaintiffs on behalf of
themselves and the class. The settlement agreement, subject to preliminary
and final court approval, will provide a settlement benefit of approximately $17
million. The settlement amount will be charged against the Company’s
operating results for the year ended December 31, 2009, which are scheduled to
be reported on or before March 16, 2010.
National
Western Life Insurance Company is a stock life insurance company with assets in
excess of $7.3 billion and stockholders’ equity of $1.1 billion, as of September
30, 2009.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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NATIONAL
WESTERN LIFE INSURANCE COMPANY
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Date:
February 22, 2010
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By:
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/S/
Brian M. Pribyl
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Brian
M. Pribyl
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Senior
Vice President
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Chief
Financial Officer and Treasurer
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