Nex MYGA
NexAnnuity
47
States
A fixed annuity that grows your retirement savings at a guaranteed interest rate over a set period (3-10 years), with tax-deferred growth and flexible withdrawal options. Ideal for retirees or near-retirees seeking principal protection and predictable income.
Available In
47 states
Min Premium
$10,000
Surrender
10 years
Key Features
Guaranteed Interest Rate
Varies by market; guaranteed minimum shown on policy scheduleFixed rate guaranteed for your chosen period (3, 5, 7, or 10 years) with automatic renewal at maturity
Tax-Deferred Growth
Allows faster compounding compared to taxable productsInterest compounds daily and is not taxed until you withdraw or receive annuity payments
Free Partial Withdrawal Rider
Specified free withdrawal percentage of account valueAfter penalty-free waiting period, withdraw up to a set percentage annually without surrender charges or market value adjustments
Death Benefit Feature Rider
Account value on date of deathIf you die before annuity payments begin, your beneficiary receives the full account value with all charges waived
Nursing Home Waiver
Full surrender value without penaltiesAfter year one, surrender without withdrawal charges if confined to a nursing home for 90+ consecutive days
Multiple Annuity Payout Options
Six payout options availableChoose lifetime income, fixed period payments, or combination options to match your retirement needs
Minimum Investment
$10,000 minimum (up to $1 million+ with home office approval)Low entry point for retirement planning
Highlights
Guaranteed fixed interest rates for 3, 5, 7, or 10-year periods with no market risk
Tax-deferred growth that compounds faster than taxable savings accounts or CDs
Multiple withdrawal options and riders for access to money when you need it
Principal protection backed by an insurance company with automatic policy renewals
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
4%
Yr 8
3%
Yr 9
2%
Yr 10
1%
After
0%
Best For
Retirees or near-retirees who want guaranteed principal protection, predictable income, and tax-deferred growth without exposure to stock market volatility.
Consider Alternatives If
Investors seeking growth above inflation rates, those who may need immediate access to all their funds without penalties, or individuals in lower tax brackets who don't benefit from tax deferral.
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