Mutual of Omaha Ultra-Premier — 5-year fixed annuity at 5.20%
- Locks in 5.20% for 5 years
- Open with $25,000 to $3,000,000
- Free withdrawals allowed for:
- 10% of your balance each year
- Required IRA distributions
- Your full investment for nursing home confinement or terminal illness
Rates as of May 8, 2026
Projected balance
over 5 years
Compounded at 5.20% guaranteed. No market exposure, no fees deducted from your balance.
| Year | Earnings | Balance |
|---|---|---|
| 1 | $1,300 | $26,300 |
| 2 | $1,368 | $27,668 |
| 3 | $1,439 | $29,106 |
| 4 | $1,514 | $30,620 |
| 5 | $1,592 | $32,212 |
| Total earnings | $7,212 | $32,212 |
Free-withdrawal allowance: 10% / yr. Withdrawals beyond the allowance trigger the surrender charge below.
- Rank vs. peers
- #101 of 171 (top is 6.35% — Mountain Life Alpine Horizon)
- Top 5-year CD
- 4.20% APY · $30,710 at maturity (taxed annually)
Same product, other terms
Other Ultra-Premier terms from Mutual of Omaha
Projections shown for a $25,000 premium.
| Term | Rate | Projection | |
|---|---|---|---|
| 5-year | 5.20% | $32,212 | You're here |
| 7-year | 5.35% | $36,007 | View → |
If you withdraw early
Surrender charge schedule
Surrender charges apply to withdrawals beyond the free-withdrawal allowance during the contract term. The charge is a percentage of the amount withdrawn, decreasing each year. They exist because the carrier matches your premium against long-duration assets — early redemption forces them to unwind those positions.
| Contract year | Charge |
|---|---|
| Year 1 | 9.0% |
| Year 2 | 9.0% |
| Year 3 | 8.0% |
| Year 4 | 7.0% |
| Year 5 | 6.0% |
Contract terms
What else to know
Term
5 years guaranteed at 5.20% APY
Investment range
$25,000 – $3,000,000
Funding sources accepted
Non-Qualified, 1035 Exchange, TSA 403b, 401k
Owner age
0 to 89 years old
Free look period
30 days after policy issue to change your mind without penalty.
Death benefit
Full accumulated value passes to your beneficiary, no surrender charge.
Riders & waivers
- Terminal Illness Waiver
- Nursing Home Waiver
- Disability Waiver
- Unemployment Waiver
- Death Benefit Waiver
- RMD-Friendly (RMD withdrawals exempt from surrender charge)
Maturity
30-day window at the end of the term to withdraw, reinvest, or convert to guaranteed income via annuitization.
Tax treatment
Interest accumulates tax-deferred. Personal post-tax funds: only the interest is taxable on withdrawal. Withdrawals before age 59½ may be subject to a 10% IRS penalty.
Source: Mutual of Omaha contract brochure (download PDF). Anything you act on should be confirmed against the carrier's most recent filing.
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