Company Information
Company Name
Wichita Life
Product Name
Wichita National Life Security 5
Description
This is a single premium, five-year annuity designed primarily for growth. It offers a higher interest rate in place of liquidity features like free withdrawals and a surrender-free death benefit. A spousal continuance option is allowed.
It is only available in the States of AL, AR, DC, FL, GA, MS, NV, OK, TX, UT, & WY.
AM Best Rating
B+
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
0% / 0%
Rate
5.55%
Term
5 Years
Minimum Investment
$ 10,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
79
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 0%
What We Like About This Annuity
At times, this will be one of the higher rates available on a 5 year MYGA. Those looking for the highest rate of return may find it with this product in certain States.
Notable Features
This annuity does not offer automatic free withdrawals or a waiver of surrender charges at passing. Adding those features reduce the yearly rate of return by 0.15% fro each.
Other Popular Products
Wichita Life is primarily known for their five-year annuity, but they do offer individual life, credit products and various ancillary insurance.
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About Wichita National Life Insurance
A niche insurance company with over 60 years of insurance experience located in Lawton, Oklahoma. More recently began offering fixed annuities.
A stable company evolving to meet the modern needs of consumers with innovative life, annuity, credit, and ancillary insurance products.