NEX MULTI-YEAR GUARANTEED ANNUITY PRODUCT OVERVIEW Contract Value & Withdrawal Charges
Account Value The account value is the single premium shown in the policy schedule, less any premium tax and amounts withdrawn, accumulated with interest as described in the policy values provision. Cash Surrender Value The cash surrender value is the amount that is payable if owner surrenders the policy. Market Value Adjustment Under the terms of the policy, Ohio State Life adjusts the cash surrender value, death benefit, and/or withdrawal amounts during any guarantee period by a factor called the Market Value Adjustment (MVA). The MVA is based on the Constant Maturity Treasury Rate (CMT) appropriate for the guarantee period as shown on the policy schedule.
Withdrawal Charges A withdrawal charge is assessed for each withdrawal before the maturity date. The withdrawal charge is determined based on the amount of time that has elapsed since the beginning of the applicable guarantee period and is calculated as a percentage of the account value at the time of the withdrawal, according to the schedule in the policy.
Nex MYGAs Withdrawal Charge Schedule 2 Contract Year
12345678910
Nex3 MYGA
9% 8% 7% 0%
Nex5 MYGA
9% 8% 7%
0% 6% 5%
Nex7 MYGA
9% 8% 7%
0% 6% 5% 4% 3%
Nex10 MYGA 3
9% 8% 7%
1% 6% 5% 4% 4% 3% 2%
2 Withdrawal charges will be waived during the 30 days following the end of each guarantee period. 3 Withdrawal charges shown in the chart have been rounded to the nearest whole number percentages. Consult the policy contract for exact withdrawal charge rates.
Issued by The Ohio State Life Insurance Company
www.nexannuity.com
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