Security MYGA
Wichita National Life Insurance Company
6.25%
5-yr guarantee
10%
Free W/D
17
Jurisdictions
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed rate
6.25% guaranteed for 5 years
A multi-year guaranteed annuity from Wichita National Life Insurance Company that publishes 3-, 5-, 7-, and 10-year terms with a ten-year declining surrender ladder and an annual free-withdrawal allowance — available in a limited set of states from a B-grade A.M. Best carrier, with single or joint annuitization on both non-qualified and qualified money.
Best fit
Buyers inside this filing's state footprint who want a single declared rate locked in for a fixed multi-year window, value being able to pick a 3-, 5-, 7-, or 10-year term on the same filing without switching carriers, want annual free-withdrawal access alongside the surrender schedule, and are comfortable with a B-grade A.M. Best carrier rating in exchange for the published headline rate.
AM Best
B+ Good
Surrender period
10 years
Free withdrawal
10%/yr
Availability
17 jurisdictions
Product analyst notes
How to think about this contract
Why it can stand out
- Four guarantee periods on the same filing — 3, 5, 7, and 10 years — so a buyer can pick the rate-lock horizon that matches their plan without leaving the product, rather than shopping a separate carrier for a different term.
- Ten-year declining surrender ladder that drops the surrender charge by a full percentage point every year from the year-one charge down to a low single-digit charge by year five, with the same low charge held flat through year ten and an annual free-withdrawal allowance running alongside the schedule — partial liquidity in the back half of the contract therefore costs materially less than on a flat-charge schedule.
- Both single and joint annuitization options are available, and the contract accepts both non-qualified and qualified funds, so couples planning a joint-life payout and buyers using IRA money are both inside the product's accepted-funds and payout-options envelope.
- Each term publishes more than one declared rate on the live feed, which signals a premium-banding mechanic — a buyer bringing a larger single premium can land in a higher band at the same term rather than collecting the same rate as a smaller-premium buyer.
What to confirm
- This filing is available in roughly a third of US jurisdictions — well under half on the live feed — so a buyer outside that footprint cannot purchase Security MYGA at all, regardless of how the headline rate compares. Confirm state availability before treating this contract as an option.
- The carrier's only published financial-strength view on this filing is an A.M. Best rating in the B-grade band, and this page shows only a single agency view rather than a multi-agency corroboration. Buyers prioritizing the strongest carrier-credit profile available in the MYGA market should weigh that against the headline rate, especially for the longer 7-year and 10-year lock-in choices where the credit exposure runs further.
- The ten-year surrender term is at the long end of the MYGA market, with a high single-digit first-year charge that does not drop into the low single digits until year five. Buyers who do not need a full ten-year deferral and want shorter liquidity should compare the 3-year or 5-year option on this filing, or a shorter-surrender MYGA at a different carrier, before locking in for the full ladder.
- There is no premium bonus, no guaranteed-lifetime-withdrawal rider, and the death benefit is the standard contract value with no guaranteed roll-up or step-up — this contract is built for rate certainty over a fixed multi-year window, not for an upfront bonus, guaranteed lifetime income, or a legacy enhancement. Buyers who need any of those features should evaluate them separately.
Not ideal for
Buyers outside this filing's available states (most US jurisdictions), buyers who require an A-grade A.M. Best carrier rating or multi-agency financial-strength corroboration before locking principal, buyers who want a premium bonus, a guaranteed-lifetime-withdrawal rider, market-linked upside through index crediting, or a death benefit with a guaranteed roll-up or step-up — a fixed-rate deferred contract from a B-rated regional carrier is not built for any of those things.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 5.85% |
| 5-Year | 6.25% |
| 7-Year | 6.1% |
| 10-Year | 6.05% |
Key Features
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
5%
Yr 7
5%
Yr 8
5%
Yr 9
5%
Yr 10
5%
After
0%
Carrier Ratings
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