NexAnnuity Launches NexVantage MYGA in Partnership with Fortis
NexAnnuity has launched the NexVantage Multi-Year Guaranteed Annuity (MYGA), a single-premium deferred annuity offering guaranteed interest rates of up to 6.25% for 3- and 5-year terms, through its new partnership with Fortis Life and Annuity Insurance Company. The product is designed to provide predictable growth without market exposure and includes features such as tax-deferred growth, principal protection, liquidity provisions, death benefits, and annuitization flexibility. The minimum initial premium for NexVantage MYGA is $50,000, with availability up to issue age 85. The product will be issued by Opportunity Life Insurance Company (OLIC), a subsidiary of Fortis, and is available in 38 states as well as the District of Columbia starting October 1, 2026. NexAnnuity aims to expand its fixed annuity platform through this partnership with Fortis. The company provides product strategy, distribution, and insurance services for retirement solutions offered by Fortis.
