Mutual of Omaha Ultra-Secure Plus 5
Current Fixed Rates Bands
Rate Effective Date September 7, 2026
The Mutual of Omaha Ultra-Secure Plus 5 is a single premium, fixed annuity with a five-year rate guarantee. It accepts both qualified and non-qualified deposits. Owners have a 30-day window at maturity to withdraw, transfer, annuitize, or renew their annuity funds. If no action is taken, then a new term will begin.
There are two rate bands available. The higher rate is for amounts above $50K, while a lower rate applies to amounts between $5K and $49.9K. Additional premiums are allowed in the first year, and the policy includes a Return of Premium feature.
This annuity includes several hardship provisions that are unique to MYGA contracts. This policy also includes a Market Value Adjustment provision. There are no surrender or MVA charges upon the owner’s passing.
More Annuity options from: Mutual of Omaha
Notable Features
Several companies offer long term care and terminal illness waivers, but this annuity goes far beyond. Seven life events, when triggered, allow owners to withdraw 100% of their contract penalty-free. These events are confinement to a hospital or long-term care facility, unemployment, disability, terminal illness, death of a spouse or minor dependent, damage to your residence, and transplant surgery. See the contract and brochure for more details.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
5 Years
Free Withdrawals Yr1 / Yr2+
10% / 10%
Additional Withdrawal Information
This account allows for 10% free withdrawals in all years including the first year. It is RMD-friendly and suitable for IRA owners. The contract also includes seven hardship provisions which allow owners to withdraw 100% of the contract value if certain conditions are met. In addition, this contract includes a Return of Premium provision. This feature provides a refund of 100% of remaining premium, less any prior payments received and premium taxes, upon contract surrender at any time.
Surrender Schedule
6%, 6%, 6%, 6%, 5%, 0%
Maximum Age
89
Minimum Investment
$50,000
Maximum Investment
$3,000,000
What We Like About This Annuity
This policy is offered by an A+ rated company and has low minimums to start. It automatically includes a Return of Premium feature. Penalty-free withdrawals of 10% of the contract value are available all years. Several hardship waivers allow for 100% free withdrawals. Larger deposits are accepted.
Other Popular Products
Mutual of Omaha is popular for offering competitively priced Medicare Supplements and traditional long-term care insurance. Life insurance, disability insurance, bonus and indexed annuities, and employer-based plans are also some of their in-demand offerings.
About Mutual of Omaha
Mutual of Omaha
AM Best Rating: A+ Superior (2nd of 13 ratings)
https://www.mutualofomaha.com/
About Mutual of Omaha Insurance Company
Headquartered in Omaha, NE, Mutual of Omaha is one of the most well-known insurance carriers in the United States. Founded in 1909, they are an A+ rated company with over $45 billion under management. They score 90 with Comdex, which provides assurances for annuity buyers.
One of their strengths is their diverse product offerings. They were one of the first companies to offer Medicare Supplement insurance, but have since expanded into annuity, life, health, long term care, disability, dental, and critical illness policies.
Through independent agents, they also market competitive indexed and fixed-indexed annuity plans for growth and income. Innovation, integrity, results, and greatness are just a few of their core values.