EXHIBIT 21

SUBSIDIARIES OF THE REGISTRANT

Name of SubsidiaryState of
Incorporation
Owner%
Ownership
National Western Life Insurance CompanyColoradoNational Western Life Group, Inc.100 %
The Westcap Corporation (of Delaware)DelawareNational Western Life Insurance Company100 %
NWL Financial, Inc.NevadaNational Western Life Insurance Company100 %
NWL Services, Inc.NevadaNational Western Life Group, Inc.100 %
NWLSM, Inc.NevadaNational Western Life Insurance Company100 %
Regent Care San Marcos Holdings, LLCTexasNational Western Life Group, Inc.100 %
Braker P III, LLCTexasNational Western Life Insurance Company100 %
Ozark National Life Insurance CompanyMissouriNational Western Life Insurance Company100 %
N.I.S. Financial Services, Inc.MissouriNational Western Life Group, Inc.100 %

The subsidiaries conduct business under the same corporate names as detailed above.