Is Wichita National a Good Insurance Company?
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Is Wichita National a good insurance company? For many retirement savers, the answer depends on fit: your timeline, risk tolerance, and income goals. At Diversified Insurance Brokers, we help retirees and pre-retirees evaluate insurers for safety, income potential, and long-term reliability. This review explains where Wichita National may stand out, potential trade-offs to consider, and how to compare it against other well-known providers before you commit your retirement dollars.
Compare Wichita National Against Other Annuity Options
See rates, income features, and liquidity side-by-side—or request a personalized quote.
Estimate Your Guaranteed Income
Use the tool below to preview lifetime income estimates based on your age, premium, and start date. This is helpful for benchmarking Wichita National against other carriers like Jackson National and Transamerica.
Company Snapshot & Financial Perspective
Wichita National is positioned as a retirement-focused life insurer with an emphasis on principal protection and predictable income. As with any insurer, always verify the current financial strength rating for the specific issuing entity in your state before purchase and confirm product availability. Your decision should weigh the company’s solvency profile, product design, and how its rates compare to the broader market of fixed annuities and FIAs.
- Focus: Retirement accumulation and income solutions designed for conservative savers.
- Risk controls: Fixed and fixed indexed annuities to limit downside exposure while participating in measured upside.
- Planning fit: Often used to create a baseline income floor alongside Social Security and pensions.
Where Wichita National May Stand Out
- Fixed Indexed Annuities (FIAs): Crediting strategies (caps/participation/spreads) that target steady growth without market loss. If you’re new to FIAs, start with our primer: Fixed Indexed Annuity Myths—Debunked.
- Income Rider Options: Optional GLWB features that can turn savings into guaranteed lifetime income (single or joint life) when you’re ready to retire.
- MYGAs for Simplicity: Multi-Year Guaranteed Annuities with CD-style terms, useful for laddering or rate-locking in today’s market.
Popular Product Archetypes (Illustrative)
- Accumulation-Focused FIA: Broader index menu and participation emphasis for measured growth.
- Income-Ready FIA + GLWB: For those prioritizing guaranteed income in 2–10 years with flexible start dates.
- MYGA 3–7 Years: Straightforward terms for savers comparing to CDs or short treasuries—see our current annuity rates for context.
Pros
- Principal protection with 0% floor in FIAs (no market-loss risk).
- Optional lifetime income riders for predictable paychecks.
- MYGA choices for simple, guaranteed multi-year rates.
- Potentially competitive participation/caps (varies by product/state).
Potential Trade-Offs
- Indexed crediting adds complexity (caps/participation/spreads).
- Surrender charges and MVA may limit early liquidity.
- New-business rates and rider costs change with the market.
Who Is Wichita National a Good Fit For?
- Pre-retirees who want to lock in future income while protecting principal.
- Conservative savers comparing FIAs to keep growth potential without equity drawdowns.
- CD/treasury investors exploring MYGAs for tax-deferred accumulation and potentially higher rates than bank CDs.
Planning Examples
Example 1: Income in 5 Years. A 62-year-old funds an FIA now, defers five years, and activates a joint-life income rider at retirement. Guaranteed income complements Social Security. For comparisons, review peers like Zurich and Brighthouse to see differences in rider pricing and liquidity.
Example 2: MYGA Ladder. A conservative saver builds a 3/5/7-year MYGA ladder to manage reinvestment risk and keep access rolling. If interest rates rise, maturing rungs can capture new yields; if they fall, remaining rungs preserve prior rates. Compare rate tiers on our Current Annuity Rates page.
How to Compare Wichita National to Other Providers
- Check rates & guarantees: Benchmark against carriers like Voya, Ohio National, and Gainbridge.
- Evaluate liquidity: Penalty-free withdrawal provisions, RMD handling, nursing-home/terminal-illness waivers.
- Model income: Use the calculator above to compare guaranteed payouts, then run quotes.
- Keep it simple: If FIAs feel complex, consider a MYGA for set-term growth while you revisit FIA basics.
Bottom Line
Wichita National can be a solid choice for savers who value principal protection, tax-deferred growth, and the option to convert assets into guaranteed income later. The right fit comes from comparing rates, liquidity, and rider structures across multiple carriers—and aligning those features with your retirement timeline.
Want a side-by-side comparison? We’ll benchmark Wichita National against other top carriers and show personalized income figures.
Tip: If you’re comparing plan providers as you near retirement, our overviews of Empower, Vanguard, Fidelity, and Charles Schwab can help you coordinate investments with annuity income.
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FAQs: Is Wichita National a Good Insurance Company?
What types of annuities does Wichita National typically offer?
Commonly: fixed annuities (for guaranteed multi-year rates), fixed indexed annuities (for principal protection with index-linked growth), and income options with lifetime withdrawal riders. Availability varies by state.
Is a Wichita National annuity safe from market losses?
Fixed and fixed indexed annuities protect principal from market declines. FIA interest credits are based on an index but are not invested directly in the market; your credited rate is capped or participation-based per the contract.
How do I know if the rates are competitive?
Benchmark Wichita National’s rates and income quotes against other carriers on our Current Annuity Rates page and request a custom comparison.
What about liquidity if I need money early?
Most contracts include penalty-free withdrawals (often up to 10% annually after year one) and may include health-based waivers. Exceeding free-withdrawal limits can trigger surrender charges or MVA.
Can I add guaranteed lifetime income later?
Yes—many FIAs support optional income riders (GLWBs). We’ll compare rider pricing and payout factors to alternatives from carriers such as Jackson National and Transamerica.
How do I get started?
Run the income calculator above, then request a quote. We’ll provide side-by-side comparisons and help you design an allocation that fits your retirement plan.
About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
