Senior Market Insurance Announcements

Ohio State Life Raises 3-Year Annuity to 3%

May 7, 2020

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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