NexAnnuity Enters Partnership with Fortis to Launch MYGA Product Suite

The NexVantage annuity is available as of October 1, 2026, across 38 states and the District of Columbia. The product offers interest rates of 6.25% for 3- and 5-year terms, while 7- and 10-year terms are set at 5.00%. Designed for individuals up to age 85, the annuity requires a minimum initial investment of $50,000.

Beyond guaranteed interest, the product includes tax-deferred growth, death benefit features, and liquidity provisions. Under the agreement, NexAnnuity handles product strategy, distribution, and insurance services for the newly formed Fortis, which operates through its subsidiary, Opportunity Life Insurance Company. Brad Heiss, NexAnnuity’s Chief Investment Officer, noted the partnership is intended to broaden the firm’s retirement platform and assist financial professionals in long-term income planning. While the product offers contractually guaranteed growth, it remains subject to the financial strength and claims-paying ability of the issuing insurer.