Oak ADVantage
Midland National
5.1%
Best Rate
50
States
Oak ADVantage is a multi-year guaranteed annuity that protects your retirement savings by locking in a fixed interest rate while offering tax-deferred growth and flexible access to your funds. It's designed for people near retirement who want guaranteed returns without market risk.
Available In
50 states
Min Premium
$50,000
Surrender
7 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.85% |
| 5-Year | 5.1% |
| 7-Year | 4.85% |
Key Features
Guaranteed Fixed Interest Rate
3-, 5-, or 7-year guarantee periodsYour rate is locked in for your chosen term and credited daily, protecting you from market downturns.
Tax-Deferred Growth
Defer taxes until withdrawalYou don't pay taxes on interest earnings until you withdraw, allowing your money to compound longer and potentially reducing taxes in retirement.
Penalty-Free Interest Withdrawals
Up to 100% of annual interest earnedAfter the first contract year, withdraw interest earned each year without surrender charges or market value adjustments.
No Upfront Costs
0% initial chargesThere are no front-end charges or annual fees, so your entire premium begins earning immediately.
Flexible Renewal Options
3 options with 30-day election windowAt the end of your term, take your money penalty-free, renew for another period, or convert to guaranteed income payments.
Nursing Home Waiver
Full liquidity if confinedIf confined to a qualified nursing care facility after year one, withdraw 100% without surrender charges (not available in all states).
Minimum Premium
$50,000 minimumAvailable for both qualified (IRA/401k rollover) and non-qualified funds.
Market Value Adjustment
Inverse to external index rateThe surrender value adjusts based on interest rate changes since purchase, protecting the insurer and potentially benefiting you if rates fall.
Highlights
Lock in a guaranteed interest rate for 3, 5, or 7 years with no market risk to your principal
Grow your money tax-deferred until you withdraw, potentially lowering your tax burden in retirement
Access penalty-free withdrawals of interest earned each year, plus flexible renewal options at term end
No front-end charges or annual fees—100% of your premium works for you from day one
Surrender Schedule
Yr 1
3%
Yr 2
3%
Yr 3
3%
Yr 4
3%
Yr 5
3%
Yr 6
3%
Yr 7
3%
After
0%
Nursing home waiver, RMD waiver
Best For
People approaching or in retirement who want guaranteed returns, tax deferral, and principal protection without market risk, especially those seeking to diversify beyond stocks and bonds.
Consider Alternatives If
Investors who need liquidity within the first few years without penalty, or those seeking higher returns that require exposure to market risk.
Carrier Ratings
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