Annuities: Retirement Solutions Powered by NexAnnuity

We recognize that most Americans do not prioritize retirement early enough, that’s why Ohio State Life partnered with NexAnnuity to create Nex MYGA products, which address the needs of people who are already retired or nearing retirement.
Nex MYGAs are single premium deferred annuities designed to provide a solution to today’s retirement challenges. With this type of annuity, investors earn a fixed and guaranteed rate of interest higher than savings accounts and Certificate of Deposits (CDs), and your money can grow on a tax-deferred basis.
NexAnnuity has partnered with Ohio State Life to power a suite of Nex MYGA products with 3-, 5-, 7-, and 10-year guarantee periods.

Fixed Annuities

Fixed annuities are insurance products that earn a fixed rate of interest. These annuities are sometimes known by other terms such as multi-year guaranteed annuities (MYGAs), fixed-rate annuities, fixed deferred annuities, and single premium deferred annuities.

This allows the policy owner’s money to grow on a tax-deferred basis until they decide to begin receiving annuity payments.

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Variable Annuities

Variable annuities are tax-deferred insurance products where the policy owner bears the risk of any loss of premium from the performance of the underlying investment options. Variable annuities are higher risk, as the policy owner could lose some or all of their premium. However, they also offer a greater upside if the underlying investment options appreciate.

Coming Soon to NexAnnuity

Fixed Index Annuities

Similar to fixed annuities, fixed index annuities grow tax differed but feature a different method for determining the crediting rate based on a choice of indices. The policy owner chooses one or several indices and the insurance company provides a crediting rate based on performance.

Coming Soon to NexAnnuity

This material is intended to provide educational information regarding the features and mechanics of the products and is intended for use with the general public. It should not be considered, and does not constitute, personalized investment advice. The issuing insurance company is not an investment adviser nor registered as such with the SEC or any state securities regulatory authority. The issuing insurance company is not acting in any fiduciary capacity with respect to any contract and/or investment.

The product brochures provided here are summaries of the benefits that may be included in the annuity policy contracts when they are issued. They are for informational purposes only. In the event of an ambiguity or conflict of terms between any brochure and the annuity policy contract, the terms of the annuity policy contract are controlling.

Nex MYGA annuities are issued by The Ohio State Life Insurance Company, 300 Crescent Court, Suite 700, Dallas, Texas 75201 (“Ohio State Life”). Available in most states under contract form series ICC19 NA001, NA00I, ICC19 NA001RI, NA001RI, ICC19 NA001R2 and state variations thereof. Rider benefits and rider forms numbers may vary by state. Insurance and annuity products, optional features, and riders are not available in all states and may be subject to firm availability. Click here to see current product availability. Ohio State Life is not licensed in Connecticut, Maine, New York, or Vermont, and operates in California with license number 08115. Annuities contain features, exclusions and limitations that vary by state. Read the contract for complete details. Payment obligations and guarantees are subject to the financial strength and claims-paying ability of Ohio State Life. Ohio State Life may change or discontinue a product at any time.

ANNUITIES ARE PRODUCTS OF THE INSURANCE INDUSTRY AND NOT GUARANTEED BY ANY BANK NOR INSURED BY FDIC OR NCUA/NCUSIF. ANNUITIES MAY LOSE VALUE AND HAVE NO BANK/CREDIT UNION GUARANTEE. ANNUITIES ARE NOT A DEPOSIT AND ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. ANNUITIES MAY ONLY BE OFFERED BY A LICENSED INSURANCE PRODUCER/AGENT. This material should not be interpreted as a recommendation by NexAnnuity or Ohio State Life.

Withdrawals of taxable amounts from an annuity are subject to ordinary income tax, and, if taken before age 59½, may be subject to a 10% IRS penalty. Any discussion or mention of taxes is for general informational purposes only, does not purport to be complete or cover every situation, and should not be construed as legal, investment, tax or accounting advice. NexAnnuity, Ohio State Life and their affiliates, including any distribution partners, do not offer legal, investment, tax or accounting advice. Please consult your own qualified legal, investment, tax and accounting advisors.

“NexAnnuity” and “Nex” are used as marketing names for NexAnnuity Holdings, Inc., its subsidiaries and some affiliates, including The Ohio State Life Insurance Company. Each subsidiary or affiliate is responsible for its own financial and contractual obligations. Certain subsidiaries and affiliates, including The Ohio State Life Insurance Company, are not authorized to do business in New York.