Mutual of Omaha Ultra-Secure Plus — 7-year fixed annuity at 5.00%
- Locks in 5.00% for 7 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 8, 2026
Projected balance
over 7 years
Compounded at 5.00% guaranteed. No market exposure, no fees deducted from your balance.
| Year | Earnings | Balance |
|---|---|---|
| 1 | $2,500 | $52,500 |
| 2 | $2,625 | $55,125 |
| 3 | $2,756 | $57,881 |
| 4 | $2,894 | $60,775 |
| 5 | $3,039 | $63,814 |
| 6 | $3,191 | $67,005 |
| 7 | $3,350 | $70,355 |
| Total earnings | $20,355 | $70,355 |
Free-withdrawal allowance: 10% / yr after year 1. Withdrawals beyond the allowance trigger the surrender charge below.
- Rank vs. peers
- #107 of 157 (top is 6.25% — Sentinel Security Personal Choice)
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 | View → |
| 7-year | 5.00% | $70,355 | You're here |
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 The charge is a percentage of the amount withdrawn, decreasing each year.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% |
| Year 6 | 4.0% |
| Year 7 | 3.0% |
Contract terms
What else to know
Term
7 years guaranteed at 5.00% APY
Investment range
$5,000 – $3,000,000
Rate banding
Higher investment amounts qualify for higher rates.
| Premium band | Rate |
|---|---|
| $5,000 – $50,000 | 4.85% |
| $50,000 – $3,000,000 | 5.00% |
Funding sources accepted
Traditional IRA, Non-Qualified, 1035 Exchange, IRA Rollover, IRA Transfer, SEP IRA
Owner age
0 to 88 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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