Text Size A A A
Have a question?

Summary of WNL Security Builder 5 Annuity

Safety for your funds.1 With the return-of-premium guarantee, you can even return your annuity anytime for an amount equal to your single payment (less any withdrawals of interest or principal), or the withdrawal value (annuity value less any early withdrawal charges), whichever value is greater.

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 annuity offers a choice of the following interest rate options: one-year, three-year, five-year step-up, and five-year with market value adjustment (MVA). Lock in the initial interest rate guarantee that works best for you.

  • With the one- and three-year options, the interest rate on the single payment (premium) is guaranteed for either one or three years, and may include an interest enhancement for either one or three years depending on the option selected.

  • The step-up interest rate option is a set rate guaranteed for the first year. In years two through five, the rate is guaranteed to increase or "step-up" by 0.15% each year.

  • The five-year with market value adjustment option is guaranteed to earn a competitive interest rate for five years. Keep in mind that with the MVA option, if you withdraw more than the annuity's permitted free withdrawal amount before the MVA term ends, a market value adjustment will apply, which could decrease or increase the annuity value depending on whether interest rates are up or down. In addition to the MVA, early withdrawal charges will also apply to excess withdrawals. Also, note that the MVA does not apply to withdrawals representing free withdrawal amounts, the premium guarantee or death benefit.


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 penalty-free early withdrawal privilege.

  • After you’ve had the policy for 30 days, you can make multiple withdrawals each year—penalty free, totaling 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: 7%, 7%, 6%, 5%, 3%, 0%.

  • Remember, if the five-year with market value adjustment option is selected, in addition to withdrawal charges explained above, excess withdrawals made during the MVA term will be subject to a market value adjustment.


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. 

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. 


For more information:

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

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



1 All guarantees are subject to the claims-paying ability of Western National Life Insurance Company. Annuities have limitations. 

2 Distributions prior to age 59½ may be subject to a 10% federal income tax penalty. Distributions at any age are subject to ordinary income tax. 

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.