Platinum Edge
Nationwide Life Insurance Company
3.5%
5-yr guarantee
10%
Free W/D
47
Jurisdictions
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
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.
AM Best
A+ Superior
Surrender period
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 filing 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 filing tends to trail the highest yields), or couples who need joint-life annuitization at conversion.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 2.7% |
| 4-Year | 3.35% |
| 5-Year | 3.5% |
| 6-Year | 3.75% |
| 7-Year | 4% |
| 8-Year | 4.05% |
| 9-Year | 4.15% |
| 10-Year | 4.25% |
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
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
1%
Yr 10
1%
After
0%
Nursing home waiver, RMD waiver, Surrender waivers
Carrier Ratings
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