Wichita National Life Security 5 Annuity – A Safe, Predictable Option for Retirement Growth
At Diversified Insurance Brokers, we specialize in helping individuals protect and grow their retirement savings through secure, guaranteed annuity strategies. One standout solution for conservative investors is the Wichita National Life Security 5 Multi-Year Guarantee Annuity (MYGA)—a five-year fixed annuity designed for those who want stable growth, tax deferral, and peace of mind.
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Guaranteed Growth for Five Full Years
The Security 5 Annuity locks in a fixed interest rate for five years, making it ideal for individuals who want to avoid stock market volatility and ensure predictable accumulation. At the time of publication of this article, the minimum premium is $10,000, and the maximum accepted without prior approval is $1,000,000. Interest compounds daily to maximize growth potential, offering a safe alternative to CDs or bond funds.
Access and Liquidity When You Need It
Policyholders benefit from penalty-free Required Minimum Distributions (RMDs) and can also choose an optional 10% Free Withdrawal Rider. This allows for up to 10% of the contract value to be withdrawn annually without surrender charges—starting after the first year. Additional waivers are available in the case of terminal illness or nursing home confinement, offering added peace of mind for unexpected events.
Strong Benefits for Beneficiaries and Spouses
In the event of death, the Security 5 Annuity pays out the full surrender value to beneficiaries. If the optional Enhanced Death Benefit Rider is chosen, the full account value is instead paid—offering more generous protection. The annuity also includes spousal continuation benefits, which allow a surviving spouse to take over the contract without penalty, helping preserve the retirement plan.
Flexible Options at Maturity
Once the five-year term ends, contract holders have several choices:
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Renew at a new guaranteed rate
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Withdraw funds penalty-free
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Convert the balance into a structured income stream
These options give retirees the flexibility to adjust as their needs evolve.
Why Work With Diversified Insurance Brokers
Our advisors understand the annuity landscape inside and out. When you work with Diversified Insurance Brokers, you gain access to experienced professionals who tailor annuity strategies to your unique retirement goals. Whether you’re rolling over a retirement account or repositioning non-qualified funds, we’ll help you determine if the Security 5 or another MYGA product is the right fit.
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Talk to an Advisor or Request Your Annuity Quote
Ready to explore this annuity in more detail—or compare it with other carriers to see if even higher rates are available? With guaranteed income, principal protection, and long-term growth potential on the line, making the right choice is essential. The experienced advisors at Diversified Insurance Brokers will guide you through the options and design a strategy tailored to your retirement goals.
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FAQs: Wichita National Life Security 5
What is Wichita National Life Security 5?
Security 5 is a five-year multi-year guaranteed annuity (MYGA) offering a fixed interest rate for the entire contract term. It provides predictable growth for conservative savers.
How long is the guaranteed rate locked in?
The interest rate is guaranteed for five full years. Your growth does not fluctuate with market conditions during the term.
Does Security 5 include penalty-free withdrawals?
Most versions offer annual penalty-free withdrawals up to a set percentage. Any excess withdrawal may incur surrender charges during the five-year period.
Is the annuity eligible for IRA rollovers?
Yes. Security 5 accepts rollovers from IRAs and employer-sponsored retirement plans. The process is similar to our guidance on moving a 401(k) to an annuity.
Is there an MVA on early withdrawals?
Some versions include a market value adjustment, which may increase or decrease the surrender value depending on interest rate movements.
What happens when the five-year term ends?
At maturity, you can renew at the current rate, withdraw funds, or transfer to another annuity during the penalty-free window.
Does the product offer lifetime income options?
The Security 5 is primarily for accumulation, but you may annuitize at the end of the term or move into an income-based annuity if stronger retirement income is needed.
How safe is the principal?
Your premium and credited interest are fully guaranteed by the insurer for the entire five-year period.
What is the minimum premium requirement?
Wichita National Life typically sets an accessible minimum deposit, making the Security 5 a suitable option for both smaller and larger portfolios.
Who is Wichita National Life Security 5 best for?
This MYGA is best for savers who want simple, guaranteed growth over five years without market volatility or complicated riders.
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.
