Ohio State Life Raises 3-Year Annuity to 3%

Ohio State Life Raises 3-Year Annuity to 3%
May 6, 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)

Compare annuity rates

Get contracted with OSL

Want to be the first to hear the latest senior market announcements? Join our list and we'll send them right to your inbox.