Mutual of Omaha Introduces Fixed Index Annuity Product
Share
OMAHA, Neb. – Mutual of Omaha is proud to announce the launch of its first fixed index annuity (FIA) product, Ultra AdvantageSM, which aims to offer policyholders greater flexibility and control over their retirement savings.
Ultra Advantage FIA allows policyholders to earn interest based on the performance of selected index crediting strategies while protecting their principal from market downturns.
The product offers two differentiating features in the fixed index annuity market:
- Cumulative-Free Withdrawals: Policyholders can withdraw up to 10% of their funds without penalty in the first contract year. Unused portions of this penalty-free withdrawal amount can be carried over to the next contract year, up to a maximum of 25%, offering increased liquidity and planning flexibility.
- Variety of Surrender Charge Periods: Customers can choose from five surrender charge periods – 3, 4, 5, 7 or 10 years – providing options for those who prefer shorter commitments, as well as those seeking longer-term growth.
“Ultra Advantage FIA is designed with today’s retirement investor in mind,” said Jim Duff, senior vice president of Brokerage Sales at Mutual of Omaha. “We’re giving customers more options and control over how and when they access their money. It’s a product that reflects our ongoing commitment to meeting evolving financial needs with innovative, customer-focused solutions.”
Ultra Advantage FIA is available for customers to purchase through licensed agents and brokers in all states except California, New York and the Virgin Islands.
For more information about the product and Mutual’s full suite of annuity solutions, visit mutualofomaha.com/annuities/plans.
About Mutual of Omaha
Founded in 1909, Mutual of Omaha is a highly rated, Fortune 500 organization offering a variety of insurance and financial products for individuals, businesses and groups throughout the United States. Mutual of Omaha is owned by its policyholders and committed to providing outstanding service to its customers. For more information about Mutual of Omaha, visit mutualofomaha.com.
Resources
