FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Perez Rey JR

2. Date of Event Requiring Statement (MM/DD/YYYY)
3/16/2015 

3. Issuer Name and Ticker or Trading Symbol

NATIONAL WESTERN LIFE INSURANCE CO [NWLI]

(Last)        (First)        (Middle)

850 E. ANDERSON LANE

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
Sr. V.P. - CLO & Secretary /

(Street)

AUSTIN, TX 78752       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4) 		2. Amount of Securities Beneficially Owned
(Instr. 4) 		3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) 		4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 		2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 		3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) 		4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) 		6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Appreciation Rights   12/11/2016   (1) 12/11/2023   Class A Common Stock   500   $210.22   D    
Stock Appreciation Rights   12/14/2014   (1) 12/14/2021   Class A Common Stock   250   $132.56   D    
Stock Appreciation Rights   2/19/2015   (3) 2/19/2019   Class A Common Stock   100   $114.64   D    
Non Qualified Stock Options   4/18/2011   (2) 4/18/2018   Class A Common Stock   250   $255.13   D    

Explanation of Responses:
( 1)  The SARs are exercisable as they vest. The SARs vest in five equal annual installments beginning on the Date Exercisable.
( 2)  The options are exercisable as they vest. The options vest in five equal annual installments beginning on the Date Exercisable.
( 3)  The SARs are exercisable as they vest. The SARs vest in two equal annual installments beginning on the Date Exercisable.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Perez Rey JR
850 E. ANDERSON LANE
AUSTIN, TX 78752

Sr. V.P. - CLO & Secretary

Signatures
Rey Perez 3/25/2015
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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