Ultra-Premier
Mutual of Omaha
5%
5-yr guarantee
10%
Free W/D
49
Jurisdictions
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed declared rate
5% guaranteed for 5 years
A multi-year guaranteed annuity from A+ rated Mutual of Omaha, offered in 5- and 7-year guarantee terms with a relatively heavy surrender ladder offset by a generous annual free-withdrawal allowance and a standard liquidity-waiver package — broadly filed in 49 US jurisdictions (every state plus DC except Montana and New York).
Best fit
Safety-first buyers who want a known, contractually guaranteed interest rate for a defined number of years from an A+ rated mutual carrier, value a generous annual free-withdrawal allowance toward the top end of the MYGA market, and are comfortable accepting a heavier surrender schedule in exchange for the higher declared rate.
AM Best
A+ Superior
Surrender period
7 years
Free withdrawal
10%/yr
Availability
49 jurisdictions (excl. Montana, New York)
Product analyst notes
How to think about this contract
Why it can stand out
- A+ AM Best (Superior) and AA- S&P (Very Strong) carrier financial-strength ratings from a long-standing mutual insurer, so the carrier-credit view is corroborated by more than one agency.
- Two guarantee-period lengths are offered (5-year and 7-year), so buyers can match the rate-lock to the deferral horizon they actually want rather than being forced into a single term.
- A relatively generous annual free-withdrawal allowance gives the contract a meaningfully larger penalty-free liquidity envelope than the smaller allowance many competing MYGAs offer at this carrier-strength tier.
- Standard liquidity-waiver package is built in (disability, nursing home, terminal illness, unemployment), giving the contract a baseline escape valve for several defined hardships without paying for an optional rider.
What to confirm
- Long seven-year surrender ladder for buyers who choose the 7-year term, with a high first-year surrender charge that does not drop into the low single digits until late in the schedule. Buyers who may need full liquidity inside that window pay a real penalty even with the annual free-withdrawal allowance.
- Ultra-Premier is the carrier's higher-rate MYGA chassis — Ultra-Secure Plus is the sibling chassis at a lower declared rate but a meaningfully lighter surrender schedule. Buyers who prioritize a softer surrender ladder over the headline rate should compare the two on the carrier listing before committing.
- Filed in 49 US jurisdictions (48 states plus the District of Columbia) — Montana and New York residents cannot buy this filing. California IS available.
- This is a fixed declared-rate contract: no upside participation in any market index, no built-in lifetime-income mechanism, and no income rider available. Buyers looking for either growth participation or guaranteed lifetime income should be comparing FIAs, not this product.
Not ideal for
Buyers who want a softer surrender schedule and would rather trade rate for liquidity (use the Ultra-Secure Plus sibling instead), buyers who need market-index participation or guaranteed lifetime income, or buyers in Montana or New York where this filing is not available.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 5-Year | 5% |
| 7-Year | 5.15% |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
7Disability waiver, Damage to residence, Death of a spouse or minor dependant, Nursing home waiver, Terminal illness waiver, Transplant surgery, Unemployment waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
Yr 1
9%
Yr 2
9%
Yr 3
8%
Yr 4
7%
Yr 5
6%
Yr 6
5%
Yr 7
4%
After
0%
Disability waiver, Nursing home waiver, Terminal illness waiver, Unemployment waiver, Surrender waivers
Carrier Ratings
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