NexAnnuity NexHaven7 MYGA
Current Fixed Rate
Rate Effective Date September 14, 2026
The NexAnnuity NexHaven 7 MYGA is a single-premium, multi-year guaranteed fixed annuity policy issued by Ohio State Life. It has a seven-year guaranteed rate lock and an MVA provision. After seven 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. Non-qualified and qualified funds are accepted including Traditional, Roth, SEP, Simple, and Inherited accounts.
Several annuitization options are available in lieu of a lump sum death benefit. Policies over $250K or for annuitants over age 75 may require additional underwriting and suitability review.
More Annuity options from: NexAnnuity
Notable Features
When applying, owners can add three different liquidity riders to their policy if desired. A 10% Free Partial Withdrawal rider reduces the yearly rate by .15%, a surrender-free Death Benefit Feature rider reduces the rate by .30%, and the Nursing Home Waiver rider lowers the annual rate by .15%. Any or all of these riders can be added during the application process. Please see the brochure and contract for more details.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
7 Years
Free Withdrawals Yr1 / Yr2+
Optional
Additional Withdrawal Information
If the Free Partial Withdrawal Rider is elected, after a 12-month waiting period, the first withdrawal each policy year—up to the applicable free withdrawal percentage of the account value—is available without withdrawal charges or a Market Value Adjustment (MVA).
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 4%, 3%, 0%
Maximum Age
85
Minimum Investment
$50,000
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
Owners can customize this annuity by adding different liquidity features if they are desired. This allows for higher rates if that is the primary goal. The policy has low minimums to start and a fair decreasing surrender schedule.
Other Popular Products
NexAnnuity (through Ohio State Life) specializes in fixed and fixed-indexed annuities. They offer competitive MYGA policies as well as the NexCompounder, which is a fixed-indexed annuity account designed to capture market upside without losses.
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.