Our Verdict
Who Owns Wichita National and Why It Matters
Wichita National Life Insurance Company was founded in 1957 and is domiciled in Lawton, Oklahoma. Pillar Life Insurance Company acquired it on June 10, 2022 and has since rebuilt the annuity platform and the technology behind it. Wichita National remains the legal issuing carrier, so its statutory balance sheet is what stands behind every contract and guarantee.
For a buyer, that ownership history explains the product menu. Pillar Life’s strategy is to distribute a simple, competitively priced MYGA through independent channels rather than to build a broad lineup. Contracts are backed by the claims-paying ability of Wichita National, with additional protection from your state guaranty association up to state-specific limits.
What Wichita National Offers
Security MYGA
The Security series is a multi-year guaranteed annuity available in 3, 5, 7 and 10 year terms. The interest rate is locked for the full term, the minimum premium is $10,000, and the base contract carries no optional riders.
Two optional riders can be added at issue, and each one lowers the credited rate. The 10% free withdrawal rider allows annual penalty-free access, and the enhanced death benefit rider pays beneficiaries the full account value without surrender charges. Choosing both riders lowers the rate the most, so the base contract is the right fit for money you do not expect to touch during the term.
Wichita National does not currently issue fixed index annuities or income annuities through our platform. Product availability is limited to the states where the Security series is approved, which the rate table below reflects.
Current Wichita National Annuity Rates
Live rates from AnnuityRateWatch · Rates updated September 12, 2026
| Product | Term | Rate (APY) | Min Premium | Last Rate Change | |
|---|---|---|---|---|---|
|
Security 3
AM Best B+ |
3 Years | 5.85% | $10,000+ | Oct 28, 2025 | View Details → |
|
Security 3 w/ 10% Free Withdrawal Rider
AM Best B+ |
3 Years | 5.7% | $10,000+ | Oct 28, 2025 | View Details → |
|
Security 3 w/ Enhanced Death Benefit Rider
AM Best B+ |
3 Years | 5.7% | $10,000+ | Oct 28, 2025 | View Details → |
|
Security 3 w/ 10% Free Withdrawal & Enhanced Death Benefit Riders
AM Best B+ |
3 Years | 5.55% | $10,000+ | Oct 28, 2025 | View Details → |
|
Security 5
AM Best B+ |
5 Years | 6.25% | $10,000+ | Oct 28, 2025 | View Details → |
|
Security 5 w/ 10% Free Withdrawal Rider
AM Best B+ |
5 Years | 6.1% | $10,000+ | Oct 28, 2025 | View Details → |
|
Security 5 w/ Enhanced Death Benefit Rider
AM Best B+ |
5 Years | 6.1% | $10,000+ | Oct 28, 2025 | View Details → |
|
Security 5 w/ 10% Free Withdrawal & Enhanced Death Benefit Riders
AM Best B+ |
5 Years | 5.95% | $10,000+ | Oct 28, 2025 | View Details → |
|
Security 7
AM Best B+ |
7 Years | 6.1% | $10,000+ | Oct 28, 2025 | View Details → |
|
Security 7 w/ 10% Free Withdrawal Rider
AM Best B+ |
7 Years | 5.95% | $10,000+ | Oct 28, 2025 | View Details → |
|
Security 7 w/ Enhanced Death Benefit Rider
AM Best B+ |
7 Years | 5.95% | $10,000+ | Oct 28, 2025 | View Details → |
|
Security 7 w/ 10% Free Withdrawal & Enhanced Death Benefit Riders
AM Best B+ |
7 Years | 5.8% | $10,000+ | Oct 28, 2025 | View Details → |
|
Security 10
AM Best B+ |
10 Years | 6.05% | $10,000+ | Oct 28, 2025 | View Details → |
|
Security 10 w/ 10% Free Withdrawal Rider
AM Best B+ |
10 Years | 5.9% | $10,000+ | Oct 28, 2025 | View Details → |
|
Security 10 w/ Enhanced Death Benefit Rider
AM Best B+ |
10 Years | 5.9% | $10,000+ | Oct 28, 2025 | View Details → |
|
Security 10 w/ 10% Free Withdrawal & Enhanced Death Benefit Riders
AM Best B+ |
10 Years | 5.75% | $10,000+ | Oct 28, 2025 | View Details → |
Rates apply to standard products. State availability varies. Not an offer or solicitation. Always verify current rates before purchasing.
Rates come from our live AnnuityRateWatch feed and update daily. The Wichita Security MYGA brochure (PDF) covers surrender charges, rider terms and issue ages, and you can compare these rates against every carrier on our current fixed annuity rates page.
Is Wichita National a Good Annuity Company?
Wichita National is financially sound for its size, but it is a small insurer. AM Best assigns a B+ (Good) financial strength rating with a stable outlook, which is the sixth of fifteen rating levels. Most carriers on our platform hold ratings of A- or higher, so this is the main point to weigh.
The year-end 2024 statutory statement shows about $85.4 million in admitted assets, $68.4 million in liabilities and $17.0 million in capital and surplus. That is a healthy ratio of assets to liabilities, but the absolute size means a large contract represents a bigger share of the company than it would at a national carrier. Our guide to insurance company ratings explains how to read the AM Best scale, and annuity safety covers how the guaranty system works.
A practical rule many buyers use is to keep any single contract inside their state guaranty association limit. For a smaller carrier with a strong rate, that turns the size question into a sizing question.
Wichita National Financial Charts
How to Buy a Wichita National Annuity
Wichita National sells through independent licensed agents, and My Annuity Store is an appointed distributor. Start with a free annuity quote and a licensed producer will confirm the current rate for your term, state and premium amount. Applications are completed electronically and funded by check, wire or transfer from an existing IRA or annuity.
Frequently Asked Questions
Is Wichita National Life a safe and financially stable annuity company?
Who owns Wichita National Life?
What annuity products does Wichita National offer?
What is the minimum premium to buy a Wichita National annuity?
Sources
- Pillar Life Insurance: our story (acquisition of Wichita National Life)
- Wichita National Life Insurance Company
- AM Best financial strength ratings
Statutory financial data is year-end 2024; ratings as of October 2025 (source: VitalSales Suite). Rates update daily from AnnuityRateWatch.
