NexAnnuity Nex10 MYGA
Current Fixed Rate
5.00%
The NexAnnuity Nex10 MYGA fixed annuity is a single-premium contract issued by Ohio State Life. It has a ten-year guaranteed rate lock and an MVA provision. After ten years, owners have a 30-day window to withdraw, transfer, or renew their account value in full. If no action is taken, the account will renew for a new term.
This policy does not automatically include free withdrawals or a surrender-free death benefit. One or both of these features can be added and will reduce the yearly interest rate accordingly. This policy is primarily designed for tax-deferral and account growth.
More Annuity options from: NexAnnuity
Notable Features
When applying, owners can add liquidity features that reduce the yearly rate. A penalty-free withdrawal (.15%), a surrender-free death benefit (.30%), and a nursing home waiver (.15%) are all available. Adding any of these riders decreases the annual interest rate by the corresponding amount in parentheses.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
10 Years
Free Withdrawals Yr1 / Yr2+
0% / 0%
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, 0%
Maximum Age
85
Minimum Investment
$10,000
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
This annuity can be customized by adding different liquidity features if desired. This allows owners to maximize their rate of return. It has low minimums to start and a fair decreasing surrender schedule.
Other Popular Products
NexAnnuity (through Ohio State Life) specializes in fixed annuities only. They do not offer other insurance products at this time.
About NexAnnuity
NexAnnuity
AM Best Rating: B+ Good (6th of 13 ratings)
https://www.nexannuity.com/
About NexAnnuity – Ohio State Life
Founded in 1906, NexAnnuity offers annuity policies through Ohio State Life. The company is domiciled in Dallas, TX, and policies are serviced out of Salt Lake City, UT. They operate in 46 states and the District of Columbia.
With over $570 million in assets and a multi-billion-dollar parent company (NexBank & NexPoint) behind them, they are committed to delivering modern solutions for retirement needs. They specialize in fixed annuity accounts for growth, income, and tax-deferred investing.