Wichita National Security 5 (w/ liquidity)

Product Overview

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Brochure: View
$10,000 - $1,000,000: 5.85%
60bps Effective: 3/18/2025

Basic Features

FeatureDetails
Product Name Wichita National Security 5 (w/ liquidity)
Insurer Wichita National Life Insurance Company
Ratings
  • A.M. Best: B+
  • Rating Date: 3/2024
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 Alabama, Arkansas, District of Columbia, Florida, Georgia, Mississippi, Nevada, Oklahoma, Texas, Utah
Free Withdrawals
  • Year 1: None
  • Year 2+: 10%
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

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 BandEffective DateGuaranteed 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 BandTermGuaranteed Yield to Surrender
$10,000 - $1,000,000 55.85%

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