#United States #Dallas #NexAnnuity #Fortis Life #NexVantage

NexAnnuity Unveils NexVantage Multi-Year Guaranteed Annuity

NexAnnuity has recently expanded its offerings in the retirement planning space by launching the NexVantage Multi-Year Guaranteed Annuity (MYGA). Designed to provide individuals with predictable growth free from market volatility, this single-premium deferred annuity stands out by offering guaranteed interest rates over time spans of 3, 5, 7, and 10 years. This move aligns with NexAnnuity's commitment to delivering innovative financial solutions, bolstered by a strategic partnership with Fortis Life and Annuity Insurance Company.

The launch of NexVantage marks a significant enhancement to NexAnnuity's fixed annuity platform and showcases its ongoing efforts to diversify and enrich its product lineup. Brad Heiss, Executive Vice President and Chief Investment Officer at NexAnnuity, expressed enthusiasm about the introduction of the NexVantage MYGA, noting how the partnership with Fortis aids in presenting modern retirement solutions to the market. This collaboration allows NexAnnuity to provide robust product strategy, distribution support, and comprehensive insurance services, ensuring the effective development of retirement solutions.

Starting from October 1, 2026, the NexVantage MYGA will be available in 38 states and the District of Columbia, allowing many individuals aged up to 85 years to benefit from its features. With a minimum premium requirement of $50,000, this annuity serves as a valuable option for those seeking financial stability in their retirement years. The guaranteed rates provided by NexVantage are compelling, with 6.25% interest available for the 3- and 5-year terms, and 5.00% for 7- and 10-year terms.

Among the key benefits of the NexVantage MYGA are tax-deferred growth, protection of the principal, flexible liquidity options, and built-in death benefits, ensuring that the policyholder's financial security remains intact. As Brian Graime, Head of NexAnnuity Distribution, highlighted, successful distribution of such retirement products hinges on differentiating features, competitive rates, and the ability to assist financial professionals efficiently in serving a wide array of clients.

Fortis Life and Annuity Insurance Company, the new partners of NexAnnuity, focus on developing effective retirement solutions that cater to individual financial goals, thus enhancing capital preservation and stable income planning. This partnership helps combine resources from both entities, creating a stronger foundation in the insurance market.

In the broader context, NexAnnuity stands firmly as a retirement solutions provider based in Dallas, Texas, having established itself since 2018. The company comprises various affiliates, including an insurance company and an investment management organization, managing approximately $33 billion in total assets. This vast pool of resources bolsters the value and reliability of the annuity offerings they provide.

Overall, NexAnnuity's latest launch represents an integral step in the pursuit of modernized and client-oriented financial solutions, catering to the intricate needs of individuals preparing for retirement. "NexVantage combines simplicity and efficiency, with an emphasis on helping clients achieve their retirement dreams without the stress of market fluctuations," concluded Graime. Individuals interested in more information about NexVantage can visit nexannuity.com or reach out via their customer support line at (855) 890-5206.