Best available rate
4.25%
10-yr guarantee · 10-yr surrender schedule · $2,000+ premium
Highest current rate across the available 3-year, 4-year, 5-year, 6-year, 7-year, 8-year, 9-year, and 10-year guarantee terms.
View all rates and terms ↓10%
Free W/D
47
Available jurisdictions
Rates as of August 24, 2026. CANNEX via AdvisorWorld; confirm rates and state availability before purchase.
Product analyzer
Run numbers for Platinum Edge
guaranteed rates, terms, state availability, surrender details, and contract facts stay scoped to this Nationwide Life Insurance Company product.
Live product data
Rates as of August 24, 2026, from AdvisorWorld and CANNEX.
5-year guaranteed rate
3.5% guaranteed for 5 years
A multi-term MYGA from A+-rated Nationwide offering 3-, 5-, 7-, and 10-year guaranteed rates, a wide free-withdrawal allowance, and standard nursing-home and RMD surrender waivers.
Best fit
Safety-first MYGA buyers who value carrier balance-sheet strength and flexibility to choose among multiple guarantee periods, and who can use the free-withdrawal allowance for liquidity rather than relying on full surrender.
Available guarantee terms
3, 4, 5, 6, 7, 8, 9, and 10 years
AM Best
A+ Superior
Available surrender terms
3, 4, 5, 6, 7, 8, 9, and 10 years
Free withdrawal
10%/yr
Product analyst notes
How to think about this contract
Why it can stand out
- Four guarantee-period choices (3, 5, 7, and 10 years) — buyers can match the lock-up to their actual liquidity horizon rather than being forced into a single term.
- Free-withdrawal allowance is wider than the standard at many MYGAs — meaningful penalty-free liquidity even on the long terms.
- A.M. Best A+ from a top-tier national carrier with three-agency coverage (Moody's A1, S&P A+) — strength view triangulates across sources rather than resting on one rating.
- Nursing-home and RMD surrender waivers built into the base contract — common life-event liquidity escape hatches included without an extra rider.
What to confirm
- The longer 7- and 10-year terms come with a full 10-year surrender schedule and Market Value Adjustment — full surrender outside the free-withdrawal allowance can hit principal hard if rates move against the buyer.
- Death benefit is contract value (CV) without a step-up — heirs receive the account value as of date of death rather than a guaranteed enhanced payout.
- Joint annuitization is not available on this contract — single-life only at annuitization, which can be a real limitation for couples planning shared lifetime income later.
- Rates on this contract have historically trailed the highest-yielding MYGAs in the market — Platinum Edge is a balance-sheet-safety play more than a yield play.
Not ideal for
Buyers chasing top-of-market headline MYGA rates (this contract tends to trail the highest yields), or couples who need joint-life annuitization at conversion.
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Guaranteed Rates by Term
| Term | Surrender term | Rate effective | Published rate |
|---|---|---|---|
| 3-Year | 3-Year schedule | Aug 17, 2026 | 2.7%Rate convention not stated |
| 4-Year | 4-Year schedule | Aug 17, 2026 | 3.35%Rate convention not stated |
| 5-Year | 5-Year schedule | Aug 17, 2026 | 3.5%Rate convention not stated |
| 6-Year | 6-Year schedule | Aug 17, 2026 | 3.75%Rate convention not stated |
| 7-Year | 7-Year schedule | Aug 17, 2026 | 4%Rate convention not stated |
| 8-Year | 8-Year schedule | Aug 17, 2026 | 4.05%Rate convention not stated |
| 9-Year | 9-Year schedule | Aug 17, 2026 | 4.15%Rate convention not stated |
| 10-Year | 10-Year schedule | Aug 17, 2026 | 4.25%Rate convention not stated |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
2Nursing home waiver, RMD waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single lifeContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
3-Year Version
Yr 1
5%
Yr 2
5%
Yr 3
4%
After
0%
4-Year Version
Yr 1
5%
Yr 2
5%
Yr 3
4%
Yr 4
4%
After
0%
5-Year Version
Yr 1
5%
Yr 2
5%
Yr 3
4%
Yr 4
4%
Yr 5
3%
After
0%
6-Year Version
Yr 1
5%
Yr 2
5%
Yr 3
4%
Yr 4
4%
Yr 5
3%
Yr 6
3%
After
0%
7-Year Version
Yr 1
5%
Yr 2
5%
Yr 3
4%
Yr 4
4%
Yr 5
3%
Yr 6
3%
Yr 7
2%
After
0%
8-Year Version
Yr 1
5%
Yr 2
5%
Yr 3
4%
Yr 4
4%
Yr 5
3%
Yr 6
3%
Yr 7
2%
Yr 8
2%
After
0%
9-Year Version
Yr 1
5%
Yr 2
5%
Yr 3
4%
Yr 4
4%
Yr 5
3%
Yr 6
3%
Yr 7
2%
Yr 8
2%
Yr 9
100%
After
0%
10-Year Version
Yr 1
5%
Yr 2
5%
Yr 3
4%
Yr 4
4%
Yr 5
3%
Yr 6
3%
Yr 7
2%
Yr 8
2%
Yr 9
100%
Yr 10
100%
After
0%
Nursing home waiver, RMD waiver, Surrender waivers
Carrier Ratings
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