Summary of WNL Flex 5 Annuity

Safety for your funds. ¹ With the return-of-premium guarantee, you can even ask for and receive 100% of your principal back—at any time—less any withdrawals already taken.

Tax-deferral advantage. ² You can postpone taxes on your interest earnings until you are ready to make withdrawals. Meanwhile, your principal and earnings earn interest. Even the money that otherwise would have gone toward paying federal income taxes stays in the account, earning interest. That means you can accumulate more money over a shorter period of time, which ultimately can provide you with a greater income.

Competitive rates—earn guaranteed interest. ³ The WNL Flex 5 Annuity offers a choice of a one-, three-, or five-year interest rate guarantee option on your initial purchase payment (premium). Lock in the initial interest rate guarantee that works best for you. On the one-year and three-year options, an interest enhancement may be included in the initial rate on the original purchase payment during either the first policy year or the first three years.

Minimum guaranteed renewal rate. ¹ Regardless of future economic conditions, your annuity is guaranteed to renew at or above the minimum interest rate stated in your policy.

Easy access to your money. ² In case of an emergency, you can take advantage of the annuity’s penalty-free early withdrawal privilege.

• After you’ve had the policy for 30 days, you can make multiple withdrawals each year—penalty free, up to 15% of the previous anniversary annuity value. Or, you can withdraw the accumulated interest earned. If you do not use all of the 15% free withdrawal percentage in a policy year, you may carry over the unused portion to the next policy year up to a maximum of 20% of the most recent policy anniversary annuity value.
  
  
• You can access more than the permitted free withdrawal amount any time. However, such withdrawals will incur the following withdrawal charges for five years from the policy date: 9%, 8%, 7%, 6%, 5%, 0%.

Early withdrawal charge waivers. ⁴ Multiple early withdrawal charge waivers are available and can be used if you need to: stay in a nursing home; are unable to perform certain activities; or discover you have a terminal illness.

Estate-planning advantage. A guaranteed death benefit makes it easy for you to designate a beneficiary of your choice. Generally, fixed annuity proceeds avoid the probate process. Upon the death of the policyowner, the annuity value is paid directly to the beneficiary—without withdrawal charges, delays and privacy issues.

Multiple income payout options. When you are ready to start taking income, you can choose an income option that guarantees income for life or for a certain period. 

No initial sales charges or annual administrative fees. That means your money can start to work for you right away.

For more information:

Clients: Call Client Care Center at 1-800-424-4990.

Selling Agents: Call Internal Wholesaling at 1-888-237-4210.

¹ This and all guarantees mentioned are subject to the claims-paying ability of Western National Life Insurance Company. 

² Taxes are due upon withdrawal and withdrawals taken prior to age 59½ may be subject to a 10% federal income tax penalty. 

³ Depending on market conditions some interest rate options may not be available at all times. Please check with your licensed representative for availability. 

⁴ May not be available in some states and policy provisions vary from state to state.