Wichita National Security 5 (w/ liquidity)
Product Overview
Basic Features
| Feature | Details |
|---|---|
| Product Name | Wichita National Security 5 (w/ liquidity) |
| Insurer | Wichita National Life Insurance Company |
| Ratings |
|
| Agent/Broker | PlanEasy Inc. |
| Annuity Type | Multi-Year Guaranteed Annuity (MYGA) |
| Term | 5 Years |
| Current Rate for $10,000 - $1,000,000 | 5.85% |
| Last Rate Change | 3/18/2025, +60bps |
| Interest Type | Compound Interest |
| State Availability | AL, AR, DC, FL, GA, MS, NV, OK, TX, UT |
| Free Withdrawals |
|
| Free RMDs | Yes |
| Death Benefit | Yes |
| MVA | Yes |
| Nursing Home Waiver | No |
| Terminal Illness Waiver | No |
| Surrender Charge by Year | 9.0%, 8.0%, 7.0%, 6.0%, 5.0% |
| Funding Sources | Personal Investment, Cash, Traditional IRA, Roth IRA |
| Terms Available | 5 Years |
| Age Restrictions | 18 to 79 Years Old |
Quick Summary
The Wichita National Security 5 (w/ liquidity) is a 5-year Multi-Year Guaranteed Annuity (MYGA) issued by Wichita National Life Insurance Company and sold through PlanEasy Inc., a national online annuity agency.Earn a guaranteed compound interest rate on this fixed annuity:
- 6.15% for $10,000 - $1,000,000
Key Details
- Ratings: Wichita National Life Insurance Company is rated B+ by A.M. Best.
- Guaranteed Rates: 5.85% for premiums of $10,000 - $1,000,000. This fixed guaranteed rate ensures predictable tax-deferred growth, making it an excellent alternative to bank CDs.
- Term: The interest rate is guaranteed for 5 years with a surrender charge schedule of the same duration.
- Free Withdrawals: Yes, there is liquidity as the product allows for 10% in year 2+ that do not incur any surrender charges.
- RMDs: Yes, RMDs can be taken out without penalty.
- Age Eligibility: Available for owners between 18 to 79 years old.
- Minimum Premium: Investors can contribute a minimum of $10,000
- Death Benefit: Yes, the product has a traditional death benefit of the annuity's accumulation value, available to the beneficiary with no surrender charges.
- Market Value Adjustment (MVA): Yes, the MVA is applicable to any withdrawals that also incur surrender charges.
- Nursing Home Waiver: No, there is no nursing home waiver.
- Terminal Illness Waiver: No, there is no terminal illness waiver.
Current & Historical 5-Year Rates
| Premium Band | Effective Date | Guaranteed 5-Year Yield to Surrender |
|---|---|---|
| $10,000 - $1,000,000 | 3/18/2025 | 5.85% |
| 11/7/2024 | 5.25% | |
| 9/13/2024 | 5.15% | |
| 8/29/2024 | 5.35% |
Available Terms & Current Rates
| Premium Band | Term | Guaranteed Yield to Surrender |
|---|---|---|
| $10,000 - $1,000,000 | 5 | 5.85% |