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
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 5 years | 4.35% |
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
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.
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.
- The accumulation value less any applicable premium taxes
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
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.
- A.M. Best A+
- S&P A+
- Moody's A1
- Comdex 90
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