Best available rate
5.6%
5-yr guarantee · 7-yr surrender schedule · $50,000+ premium
Highest current rate across the available 3-year, 5-year, and 7-year guarantee terms.
View all rates and terms ↓10%
Free W/D
50
Available jurisdictions
Rates as of August 5, 2026. CANNEX via AdvisorWorld; confirm rates and state availability before purchase.
Product analyzer
Run numbers for Oak ADVantage
guaranteed rates, terms, state availability, surrender details, and contract facts stay scoped to this Midland National product.
Live product data
Rates as of August 5, 2026, from AdvisorWorld and CANNEX.
5-year guaranteed rate
5.6% guaranteed for 5 years
A multi-year guaranteed annuity from A-plus-rated Midland National with three guarantee-period choices (three-, five-, and seven-year terms) and a low, flat surrender-charge schedule across the full surrender ladder, filed in 50 jurisdictions.
Best fit
Buyers who want a known, locked yield from a top-rated carrier and prefer the lower early-year surrender-charge exposure that a flat ladder gives versus a front-loaded ladder.
Available guarantee terms
3, 5, and 7 years
AM Best
A+ Superior
Surrender period
7 years
Free withdrawal
10%/yr
Minimum premium
$50,000
Availability
50 jurisdictions (excl. New York)
Product analyst notes
How to think about this contract
Why it can stand out
- A-plus rated carrier (A.M. Best) — Midland National is one of the larger, longer-tenured fixed-annuity writers in the U.S.
- Three guarantee-period choices on one product (three-, five-, and seven-year terms) — buyers can pick the term that matches their liquidity timeline rather than being forced into a single chassis length.
- Low premium floor relative to peers — the published rate band starts at the standard scenario premium with no high-balance gate, so this contract is accessible without a six-figure rollover.
- Flat surrender-charge ladder across the full surrender window rather than the more common front-loaded ladder — early-year liquidity costs less than at peers with heavier early-year penalties; the year-by-year schedule is shown on this page.
- Nursing-home and RMD surrender-charge waivers are in the schedule, so penalty access for those specific life events does not require selling the contract entirely.
What to confirm
- There is no annual free-withdrawal allowance on the published feed — confirm the contract's actual standing liquidity rules with the carrier before signing if penalty-free interest withdrawals matter to you.
- Market value adjustment applies on early surrender on top of the surrender-charge schedule — buyers who may need full liquidity inside the window face both penalties layered together.
- Surrender schedule runs the full seven-year window even on the shorter-term guarantee variants — confirm which surrender schedule applies to your chosen term before signing.
- Death benefit is the cash surrender value — no enhanced or step-up death benefit on this contract, so it is not built for legacy planning.
- Filed in 50 jurisdictions (every state and DC except New York) — New York residents are not on this contract.
Not ideal for
Anyone who needs an annual free-withdrawal allowance (none shown on the published feed — verify with the carrier), anyone who may need full liquidity inside the surrender window (MVA layers on top of the surrender charge), anyone seeking market-linked growth or lifetime income, and New York residents (not filed there).
Free Comparison Report
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Guaranteed Rates by Term
| Term | Surrender term | Published rate |
|---|---|---|
| 3-Year | 7-Year schedule | 5.45%Rate convention not stated |
| 5-Year | 7-Year schedule | 5.6%Rate convention not stated |
| 7-Year | 7-Year schedule | 5.5%Rate convention not stated |
Key Features
Surrender waivers
2Nursing home waiver, RMD waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
7-Year Version
Yr 1
3%
Yr 2
3%
Yr 3
3%
Yr 4
3%
Yr 5
3%
Yr 6
3%
Yr 7
3%
After
0%
Nursing home waiver, RMD waiver, Surrender waivers
Carrier Ratings
Free Comparison Report
Get an Oak ADVantage rate report
See how Oak ADVantage compares for your age, state, premium, and income goals alongside other Midland National MYGA options.