Best Guaranteed Annuity Rates

Security 5

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Premium Type
Single Premium
Min age Qualified
Max age Qualified
Minimum Contribution
Maximum Contribution
Market value adjustment
Return of premium
Free withdrawal
Launch date
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, and 1035 Exchange
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Wichita National Security 5 is a multi-year guaranteed annuity (MYGA), it might be the perfect fit for you. 
  • An uncomplicated method for securely increasing your savings with tax deferral; 
  • A consistent, fixed interest rate guaranteed for a set duration; 
  • Shielding against market volatility; 
  • Flexibility to withdraw a part of your funds for mandatory minimum distributions (RMDs) if needed; 
  • The choice to convert your annuity into lifelong guaranteed payments; and 
  • An opportunity to ensure financial support for your heirs with a payout through Death Benefit rider. 
The Security 5 is a single premium deferred annuity that starts accumulating a fixed interest rate right from the contract's effective date. The interest you earn is compounded daily. This annuity is designed with a 5-year guarantee period to match your individual financial goals. For the full duration of these five years, you're assured to earn the interest rate that was specified when you signed up.

Spousal Continuation
If you happen to pass away during the term of your Security 5 MYGA contract, and if your spouse is the surviving joint owner or the designated beneficiary, they have an option beyond just receiving the contract's death benefit. Instead, your spouse can choose to continue the contract as if they were the original owner, providing a seamless transition and continued investment benefits.

Death Benefit
In the event of your passing during the term of your Wichita Life Security 5 MYGA annuity, as the sole owner, your beneficiary(ies) will receive a death benefit. This benefit is equivalent to the annuity's Surrender Value, which is the total of your initial premium plus accrued interest, reduced by any amounts deducted for partial surrenders, Market Value Adjustment (MVA), and surrender charges. Beneficiaries have the choice of receiving this death benefit either as a lump sum or through one of the available annuitization options.

Market Value Adjustment (MVA)
If you make a full surrender or a partial withdrawal beyond the maximum penalty-free amount during the guarantee period of your Security 5 MYGA, a Market Value Adjustment (MVA) will be applied. The impact of the MVA on your contract's benefits depends on the fluctuations in interest rates; it could either increase or decrease the benefits available. It's important to note that the MVA does not affect the death benefit or the guaranteed surrender value of the contract.

Penalty-Free Withdrawal Window
The Contract may be returned and cancelled for any reason within 10 days after the Owner receives it. The Contract must be returned to: (a) our authorized agent who sold it; or (b) us at our home office. A return by mail is effective on being postmarked, properly addressed, with prepaid postage. The Contract will be void and considered never in force. We will refund any premium paid for the Contract, less any prior partial surrender(s). If this Contract is a replacement of a life insurance policy or other annuity contract, this right to cancel the Contract is extended to 30 days.

Automatic Renewal
At the end of the guarantee period, if you decide not to make an election, you will automatically be rolled into a contract of the same term and guarantee period with a new rate. This new rate will be the rate currently being credited on new issues of the same term period. Surrender charges will apply

Thinking about how to ensure your money lasts as long as you do? With Security 5 MYGA, you've got a solid plan. When the annuity date is reached (it's already set in your contract), you can choose to turn your annuity into a regular payments. It's like setting up your own personal pension that keeps going as long as you do, taking one big worry off your plate in your retirement years.

Optional Riders
  • Enhanced Death Benefit
  • 10% Free Withdrawal 
Election of one or both optional riders may reduce crediting rates set forth in the contract. 

Find out if the Security 5 is the right product for you.

MYGA Interest Rates

Annual percentage yield (APY)
earned over the investment term
5 years 6.5%


Name Inbuilt Fee
Enhanced Death Benefit Rider No 0.15% rate reduction
10% Free Withdrawal Rider No 0.15% rate reduction


Surrender Window

There is no surrender charge during the first 30 days of each subsequent Surrender Charge Period.

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