Nex MYGAs: Ohio State Life Fixed Annuity Products

Nex MYGAs are single premium deferred annuity products offered by Ohio State Life in 3-, 5-, 7-, and 10-year guarantee period options.

Introduction to Fixed Annuities

Fixed annuities can provide a number of key benefits, from principal protection to tax-deferred income, that can help you plan for your retirement and support your individual retirement goals.

Review the basics of fixed annuities and learn more about the potential benefits to determine if a Nex MYGA is the right solution for your retirement needs.

Nex MYGA Product Information

Download the product brochure for more information on fixed annuities and an overview of the Nex MYGA products.

For information on a specific Nex MYGA product, see the full list of Nex MYGA offerings below. Through various available riders and other flexible terms, Nex MYGA products can be customized to support your individual retirement needs.

Product Brochure

Nex MYGAs

Download the brochure for more information on fixed annuities and details on Nex MYGAs, Ohio State Life’s fixed annuity products.

PRODUCT BROCHURE

Fixed Annuity Basics

Is a fixed annuity the right retirement solution for you? See answers to basic questions about fixed annuities and get familiar with some of the other terms used to describe these annuity products.

What are fixed annuities?

Fixed annuities are insurance products that, after a single initial premium payment, earn a fixed rate of interest.

Why choose a fixed annuity?

With a fixed annuity, your money grows on a tax-deferred basis until you decide to begin receiving annuity payments. It therefore provides guaranteed growth as long as funds remain in the annuity until the end of any surrender charge period.

What other terms are used to describe fixed annuities?

Fixed annuities are known by a number of other names. Other terms used to describe fixed annuities include:

• MYGAs (Multi-Year Guaranteed Annuities)
• Fixed Rate Annuities
• Fixed Deferred Annuities
• Single Premium Deferred Annuities

Key Benefits

  • Income & Growth
    Tax-deferred income designed to grow and compound money efficiently
  • Access & Liquidity
    Ability to access money through flexible withdrawal terms and available riders
  • Principal Protection
    Securing income and savings via principal and interest protection
  • Succession Planning
    Helps provide families and beneficiaries with an asset that can be structured to avoid the lengthy probate process

Nex MYGA Product Offerings

The Nex5 MYGA, a fixed annuity with a 5-year guarantee period, was the first Nex MYGA product available through Ohio State Life. Building on the Nex5 MYGA, we expanded our fixed annuity offerings to include 3-, 7-, and 10-year guarantee period options, providing more flexibility for clients to tailor the annuity product to meet individual retirement needs.

Product Rate Sheet

(All Nex MYGAs)

See the latest rates offered for all Nex MYGA products

PRODUCT RATE SHEET (ALL NEX MYGAS)

Nex3 MYGA

Single premium deferred annuity with 3-year interest rate guarantee period

NEX3 MYGA PRODUCT SHEET

Nex5 MYGA

Single premium deferred annuity with 5-year interest rate guarantee period

NEX5 MYGA PRODUCT SHEET

Nex7 MYGA

Single premium deferred annuity with 7-year interest rate guarantee period

NEX7 MYGA PRODUCT SHEET

Nex10 MYGA

Single premium deferred annuity with 10-year interest rate guarantee period

NEX10 MYGA PRODUCT SHEET