Ultra-Secure Plus
Mutual of Omaha
4.3%
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
4.3% guaranteed for 5 years
A liquidity-friendly multi-year guaranteed annuity from A+ rated Mutual of Omaha, offered in 5- and 7-year guarantee terms with a soft surrender ladder and a generous annual free-withdrawal allowance — broadly filed in 49 US jurisdictions (every state plus DC except Montana and New York), positioned as the lower-rate / softer-schedule sibling of Ultra-Premier.
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, prioritize a softer surrender schedule and a generous annual free-withdrawal allowance over chasing the highest available MYGA rate, and are comfortable trading some rate for a more flexible exit path.
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.
- Materially softer surrender schedule than the carrier's higher-rate Ultra-Premier MYGA — the first-year charge is meaningfully lower than the Ultra-Premier ladder, and the schedule decays more gently across the deferral, so a buyer who values liquidity protection within the surrender window pays a smaller penalty if life events force an early exit.
- 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
- Ultra-Secure Plus is the carrier's lower-rate MYGA chassis — Ultra-Premier is the sibling chassis at a higher declared rate but a meaningfully heavier surrender schedule. Buyers who prioritize the headline rate over a softer surrender ladder should compare the two on the carrier listing before committing.
- Two guarantee-period lengths are offered (5-year and 7-year), but both apply the same seven-year surrender ladder structure — the 5-year guarantee will still extend penalty exposure beyond the rate-lock period through the end of the surrender schedule. Confirm how the surrender schedule maps to the chosen guarantee period before placing the premium.
- 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 chasing the absolute highest MYGA rate (the Ultra-Premier sibling carries the higher rate at the cost of a heavier surrender ladder), 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 | 4.3% |
| 7-Year | 4.55% |
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
6%
Yr 2
6%
Yr 3
6%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Disability waiver, Nursing home waiver, Terminal illness waiver, Unemployment waiver, Surrender waivers
Carrier Ratings
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