Mutual of Omaha Insurance Company by United of Omaha
4.7
based on complex data
Annuity Educator Rating
Annuity review

Ultra-Secure Plus 5-Year

Ultra-Secure Plus 5-Year annuity by United of Omaha is just the right pick for those who seek guaranteed fixed interest rates. It keeps the guesswork out of investing while providing stable growth for your retirement nest egg. You get the guarantee that your investment won't decline, an assurance rarely found in other investments.

Besides, the product stands out when it comes to flexibility - withdrawing upto 10% of accumulated value each year is charge or interest adjustment free. It also caters to unexpected life events by giving free access to your money. An added advantage is immediate payment of all your funds to your beneficiary upon your demise, avoiding probate delays. The 30-day bold policy cancellation policy with no penalties makes it an even more secure choice.

Ultra-Secure Plus 5-Year-brochure Ultra-Secure Plus 5-Year-brochure

Ultra-Secure Plus 5-Year

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About Product

Premium Type
Single Premium
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
Yes
Minimum Contribution
$5,000
Maximum Contribution
$3,000,000
Max Age Qualified
89
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, and 1035 Exchange
Launch Date
03/15/2010

MYGA Interest Rates

Term
Rate
Annual percentage yield (APY)
earned over the investment term
5 years 4.35%
The Ultra-Secure Plus is a Single Premium Deferred Annuity with a Market Value Adjustment that allows additional contributions.

Policy Minimums

The minimum initial contribution is $5,000 for Qualified and Non-Qualified. Additional contributions can be made for a minimum of $500.

Issue Ages
  • 5-year: 0-89 
  • 7-year: 0-88 
Security — United of Omaha guarantees return of purchase payment less any withdrawals and applicable premium tax.

Additional 0.15% added to interest rate on purchase payment and accumulation values over $50,000
Systematic withdrawal option — fixed dollar amount or interest only

Withdrawal Charge Period
  • 30-day window after each 5- or 7-year guarantee period to surrender, continue, or annuitize the contract penalty free.
  • The policyholder is notified by United of Omaha 45 days prior to the end of each 5- or 7-year withdrawal period and provided the options to continue, surrender or annuitize the contract.
  • If the policyholder does not contact United of Omaha, in writing, in the 30-day window after the current Guarantee Period ends, a new Guarantee Period of the same length will begin automatically. Withdrawal charges and an interest adjustment will be reinstated. The annual interest rate credited to your account will be based on then-current rates.  
Systematic withdrawal is an option.  Surrender schedules vary by rate term chosen. Charges are waived in the event of annuitization (after two years), death (including accidental death or the death of a spouse or minor dependent), disability, entrance into a hospital, admittance into a nursing home, diagnosis of a terminal illness, unemployment, an organ transplant, or damage to primary residence.  There is a 30-day window after each guarantee period to surrender, continue, or annuitize the contract penalty free.

Return of Premium guarantee
  • One hundred percent of remaining premium can be returned at anytime, less any withdrawals and applicable premium tax.
  • Surrender value will never be less than purchase payments, less any withdrawals and applicable premium tax.
  • Renews at time of contract renewal and guarantees the client the accumulation value at the time of most recent renewal date, less any withdrawals and applicable premium tax.
Death Benefit
  • The accumulation value less any applicable premium taxes 
Access to your money
With Ultra-Secure Plus, your money is always available, allowing you the flexibility to access your money as you may need it.

Account Withdrawals
We believe that you should have free access to your money – after all it belongs to you. That’s why you’re allowed to withdraw up to 10 percent of your accumulated account value each year without a withdrawal charge or interest adjustment (Withdrawals before age 591/2 are subject to a 10 percent federal income tax penalty).

Life Events
We understand that the unexpected can happen. That’s why you have free access to your money in the following circumstances: 
  • Hospitalization 
  • Disability 
  • Terminal illness 
  • Unemployment 
  • Death of a spouse or minor dependent 
  • Damage to your residence 
  • Transplant surgery 

Year by Year Account Balance

Understand how your money will increase when invested in Ultra-Secure Plus 5-Year.
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Riders

No Riders for Ultra-Secure Plus 5-Year annuity.

Waivers

Death

The maximum allowable surrender is 50% of the accumulation value for the death of a spouse and 25% for the death of a minor dependent.

Hospital

30 days confinement.

Nursing Home

30 days elimination period. The nursing home waiver does not include home health care.

Terminal Illness

12 month life expectancy.

Unemployment

60 days elimination period.

Annuitization

After two years.

Disability

Policy owner must meet criteria for Social Security Disability Benefits and be under age 65.

Company Founded: 1909
TOP Rated Company
Mutual of Omaha Insurance Company by United of Omaha
Company Ratings
4.7
  • A.M. Best A+
  • S&P A+
  • Moody's A1
  • Comdex 90
Assets: $10,978,762,986
Nebraska

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