NexAnnuity Launches NexVantage Multi-Year Guaranteed Annuity Through New Carrier Partnership

Partnership with Fortis Life and Annuity Insurance Company Expands NexAnnuity's Carrier Relationships and Product Suite

DALLAS, Oct. 1, 2026 /PRNewswire/ -- NexAnnuity today announced the launch of the NexVantage Multi-Year Guaranteed Annuity (MYGA), a single-premium deferred annuity that offers guaranteed interest rates over 3-, 5-, 7-, and 10-year guarantee periods. The launch expands NexAnnuity's fixed annuity platform through a new carrier partnership with Fortis Life and Annuity Insurance Company ("Fortis").

Under the partnership, NexAnnuity will provide product strategy, distribution, and insurance services to support the development and delivery of retirement solutions offered through Fortis.

The NexVantage MYGA is designed for individuals seeking predictable, contractually guaranteed growth without direct exposure to market fluctuations. As of October 1, 2026, NexVantage offers guaranteed rates of 6.25% for the 3- and 5-year terms and 5.00% for the 7- and 10-year terms.ⁱ The minimum initial premium is $50,000, and the product is available to individuals through issue age 85. Key features include tax-deferred growth, principal protection, liquidity provisions, death benefit features, and annuitization flexibility.

"NexAnnuity is excited to introduce the NexVantage MYGA as we continue to broaden our platform through carrier relationships that help bring modern retirement solutions to market," said Brad Heiss, EVP and Chief Investment Officer. "This partnership expands our product suite and strengthens our ability to support individuals and their financial professionals with solutions for income planning and long-term asset allocation."

"Successful distribution starts with a differentiated product, competitive rates, and the support to move efficiently from opportunity to execution," said Brian Graime, Head of NexAnnuity Distribution. "NexVantage combines a straightforward fixed annuity solution with multiple guarantee periods, responsive service, and practical sales resources that help distribution partners equip financial professionals to serve a broad range of retirement clients."

Fortis is a newly formed, Texas-based insurance company that works with specialized service providers and strategic partners to deliver retirement solutions. NexAnnuity provides Fortis with product strategy, distribution, and insurance service capabilities to develop and bring to market insurance-based offerings designed to help individuals address retirement income needs, preserve capital, and pursue long-term financial goals. NexAnnuity is part of the Nex family of companies, which includes an investment management organization, a bank, an insurance company, and other financial services providers that, together with affiliates, oversee approximately $33 billion in total platform assets.ⁱⁱ

NexVantage is available beginning October 1, 2026, in 38 states and the District of Columbia. NexVantage annuities are issued by Opportunity Life Insurance Company ("OLIC"), a wholly owned subsidiary of Fortis. Product availability is subject to state approval.

For more information on NexVantage, visit nexannuity.com or call (855) 890-5206.

About NexAnnuity

NexAnnuity is a retirement solutions business based in Dallas, Texas, which was founded in 2018. It includes NexAnnuity Holdings, Inc., an insurance holding company, as well as affiliates and subsidiaries that offer investment advisory services through SEC-registered investment advisors, insurance services, wealth management, and annuity and insurance distribution services to clients throughout the United States. NexAnnuity distributes annuity and life products offered by both affiliate and non-affiliated insurance companies. For more information, visit nexannuity.com.

About Fortis Life and Annuity Insurance Company

Fortis Life and Annuity Insurance Company ("Fortis") is a Texas-based insurance holding company focused on delivering retirement solutions designed to help individuals protect and grow their savings and plan for long-term financial security. Fortis works with specialized service providers and strategic partners across product development, distribution, investment management, and insurance operations. Its wholly owned subsidiary, Opportunity Life Insurance Company ("OLIC"), issues annuity products offered through the Fortis platform, with all guarantees subject to OLIC's financial strength and claims-paying ability.

For more information on Fortis, visit fortisannuity.com or call (800) 871-7114.

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ⁱRates current as of 10/1/2026 and subject to change. Applications for annuitants ages 75 or older or for policies more than $250 ,000 may be referred for enhanced underwriting and suitability review and/or home office approval. Rates shown apply in all states where the product is available. Market Value Adjustments apply to amounts withdrawn or surrendered. Withdrawal charges apply during the guarantee period and are waived during the 30 days following the end of each guarantee period. Fortis may change or discontinue a product at any time.

ⁱⁱ As of 3/31/2026. Includes approximately $15.7B in assets under management across NexPoint and its affiliates, as well as approximately $17.4B in assets held on the balance sheet of NexBank, an FDIC-insured commercial bank.

Annuity policy contract issued under form series ICC26 MYGA GEN POL, ICC26 MYGA GEN APP and state variations thereof. The NexVantage MYGA is subject to state regulations, and the product and certain features or optional benefits may not be available in all states. OLIC is not licensed in Arkansas, California, Hawaii, Idaho, Minnesota, New York, Oregon, Pennsylvania, or Rhode Island. Annuity contracts have limitations. Please consult your annuity policy contract for the actual terms and conditions that apply, including the definitions, limitations and exclusions, and charges.

All guarantees, including any optional benefits, are subject to the financial strength and claims-paying ability of the issuing insurer. The NexVantage MYGA, like all annuities, is an insurance product and is not insured by the FDIC, the NCUSIF, or a federal government agency.

Withdrawals of taxable amounts are subject to ordinary income tax and, if taken before age 59½, may be subject to a 10% IRS penalty. "NexAnnuity" and "Nex" are marketing names for the entity that, through its network of financial services affiliates, provides investment management, product development, financial services expertise and management services to Fortis retirement products. Fortis does not offer legal, investment, tax or accounting advice . Please consult your own qualified legal, investment, tax and accounting advisors.

NOT A DEPOSIT | MAY LOSE VALUE | NOT FDIC OR NCUA/NCUSIF INSURED | NOT GUARANTEED BY A BANK/SAVINGS ASSOCIATION OR CREDIT UNION | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

SOURCE NexAnnuity