Nex MYGA
NexAnnuity
5.75%
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
5.75% guaranteed for 5 years
A multi-year guaranteed annuity from NexAnnuity that publishes 3-, 5-, 7-, and 10-year guarantee periods on a single chassis (with the 3- and 5-year currently at the same declared rate), a ten-year declining surrender ladder with a 10% annual free-withdrawal allowance, single or joint annuitization on both non-qualified and qualified money, and a death-benefit rider — issued by a carrier with a B+ A.M. Best rating and available in a restricted set of US jurisdictions.
Best fit
Buyers inside this filing's state footprint who want a single declared rate locked in for a fixed multi-year window, value the ability to choose between a 3-, 5-, 7-, or 10-year term on the same chassis (with the 3- and 5-year at parity), want annual 10% free-withdrawal access and single or joint annuitization on qualified or non-qualified money, and are comfortable with a B+ A.M. Best carrier rating in exchange for the published headline rate.
AM Best
B+ Good
Surrender period
10 years
Free withdrawal
10%/yr
Availability
47 jurisdictions
Product analyst notes
How to think about this contract
Why it can stand out
- Four guarantee periods are published on a single chassis — 3-year, 5-year, 7-year, and 10-year — so a buyer can pick a lock-in horizon as short as three years or as long as ten without switching to a different contract, and the 3-year and 5-year currently credit the same declared rate, so taking the shorter lock-in does not require giving up rate against the 5-year.
- A standard 10% annual free-withdrawal allowance is available alongside the surrender schedule, so a buyer who needs partial liquidity in any contract year is not locked out of small withdrawals — the schedule is for unplanned full exits, not for routine access to a tenth of the contract each year.
- Both single and joint annuitization options are available, and the contract accepts both non-qualified and qualified funds, so couples planning a joint-life payout and buyers using IRA money are both inside the product's accepted-funds and payout-options envelope.
- A death-benefit rider is attached to the contract, so on death before annuitization the beneficiary receives a contractually defined value rather than only what an account-value-only chassis would pay — buyers should still confirm the specifics with the carrier, since the value depends on contract terms, withdrawals, and rider elections.
What to confirm
- The carrier's A.M. Best financial-strength view on this filing is B+ — in the B-grade band rather than the A-grade band most large MYGA issuers carry — and this page shows only a single agency view rather than a multi-agency corroboration. Buyers prioritizing the strongest carrier-credit profile available in the MYGA market should weigh that against the headline rate, especially for the longer 7-year and 10-year lock-in choices where the carrier-credit horizon is materially longer.
- This filing's surrender ladder runs a full ten years, with a high single-digit first-year surrender charge that does not drop into the low single digits until late in the schedule. An unplanned early exit beyond the annual free-withdrawal allowance in the first several years carries a real cost, and the back end of the schedule is materially longer than a typical 5-year or 7-year MYGA. This is a multi-year commitment, not a short-term cash equivalent.
- The 7-year and 10-year guarantee periods on this filing credit a lower declared rate than the 3-year and 5-year, so a buyer extending the lock-in past five years on this chassis is paying for the longer rate-lock by accepting a lower rate — opposite of the conventional MYGA-rate-curve shape where longer terms carry higher rates. Compare the 7- and 10-year rates on this filing against shorter-term peer MYGAs before locking in a long term here.
- This contract has no premium bonus, no guaranteed-lifetime-withdrawal rider (the incomeRiders list on the live feed is empty), and no death-benefit roll-up beyond what the attached rider provides — it is built for rate certainty over a fixed multi-year window, not for upfront bonus, guaranteed lifetime income, or a guaranteed legacy step-up. This filing is also available in a restricted set of jurisdictions rather than the full 50-state footprint, so confirm state availability before treating this contract as an option.
Not ideal for
Buyers outside this filing's available states, buyers who require an A-grade A.M. Best carrier rating or multi-agency financial-strength corroboration before locking principal for up to ten years, buyers who want the longer 7- or 10-year terms to carry the highest rate on the menu (this filing inverts that curve), or buyers who want a premium bonus, a guaranteed-lifetime-withdrawal rider, market-linked upside through index crediting, or a guaranteed death-benefit roll-up beyond the attached rider — a fixed-rate deferred contract from a B+ rated carrier with an inverted long-term-rate curve is not built for any of those things.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 5.75% |
| 5-Year | 5.75% |
| 7-Year | 5% |
| 10-Year | 5% |
Key Features
Death benefit
Death Benefit RiderBeneficiary 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
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%
Carrier Ratings
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