Effective May 9, 2020, Ohio State Life has made another rate adjustment to its MYGA annuity line:
- 3-year: 3.00%
- 5-year: 3.50%
- 7-year: 4.00%
- 10-year: 4.05%
These rates are the strongest rates we currently have in our MYGA lineup! Get them while they're hot!
- Commission is the highest we have – all ages through age 90
- Backed by state guaranty fund
- Partnership with investment advisors managing $10.1 billion in assets and FDIC-regulated bank with $8.5 billion in assets
The Nex MYGAs offer the following benefits:
- Free withdrawal provision (rider): Owner can withdraw up to 10% of the accumulated value each contract year
- Death benefit (rider): Beneficiary receives the surrender value or accumulated value
- Annuitization: Owner has the flexibility to choose payout of income over lifetime or defined period
- Terminal illness & nursing home (rider): Owner can access accumulated value of the annuity, with no surrender charge
- Issue ages: 0-90 (age last birthday of owner)
- Premium: Minimum is $10,000 (Over $1 million with home office approval)
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