Mutual of Omaha Ultra-Secure Plus — 5-year fixed annuity at 4.75%
- Locks in 4.75% for 5 years
- Open with $5,000 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 9, 2026
Projected balance
over 5 years
Compounded at 4.75% guaranteed. No market exposure, no fees deducted from your balance.
| Year | Earnings | Balance |
|---|---|---|
| 1 | $2,375 | $52,375 |
| 2 | $2,488 | $54,863 |
| 3 | $2,606 | $57,469 |
| 4 | $2,730 | $60,199 |
| 5 | $2,859 | $63,058 |
| Total earnings | $13,058 | $63,058 |
Free-withdrawal allowance: 10% / yr after year 1. Withdrawals beyond the allowance trigger the surrender charge below.
- Rank vs. peers
- #148 of 171 (top is 6.35% — Mountain Life Alpine Horizon)
- Top 5-year CD
- 4.20% APY · $61,420 at maturity (taxed annually)
Same product, other terms
Other Ultra-Secure Plus terms from Mutual of Omaha
Projections shown for a $50,000 premium.
| Term | Rate | Projection | |
|---|---|---|---|
| 5-year | 4.75% | $63,058 | You're here |
| 7-year | 5.00% | $70,355 | 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 The charge is a percentage of the amount withdrawn, decreasing each year.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 | 6.0% |
| Year 2 | 6.0% |
| Year 3 | 6.0% |
| Year 4 | 6.0% |
| Year 5 | 5.0% |
Contract terms
What else to know
Term
5 years guaranteed at 4.75% APY
Investment range
$5,000 – $3,000,000
Rate banding
Higher investment amounts qualify for higher rates.
| Premium band | Rate |
|---|---|
| $5,000 – $50,000 | 4.60% |
| $50,000 – $3,000,000 | 4.75% |
Funding sources accepted
Traditional IRA, Non-Qualified, 1035 Exchange, IRA Rollover, IRA Transfer, SEP IRA
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
- Hospital Confinement Waiver
- Disability Waiver
- Unemployment Waiver
- Death Benefit Waiver
- RMD-Friendly (RMD withdrawals exempt from surrender charge)
- Return of Premium
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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