United of Omaha Life Bonus Flexible Fixed Annuity is a tax-deferred annuity for retirement savings.
It’s never too early to start planning for retirement.
When selecting the most appropriate retirement vehicle for you, keep in mind your investment objective, risk tolerance, and investment time horizon.
The Bonus Flexible Annuity insurance policy is a product that provides tax-deferred growth and access to your money when you need it.
It also allows for flexible contributions and has a variety of payout options.
If you’re looking for a retirement vehicle that allows you access to your money and offers you the flexibility to change premium payments to fit your needs, United of Omaha Life Insurance Company’s (United of Omaha) Bonus Flexible Annuity may be right for you.
You also get the guarantee and peace of mind of having your investment backed by United of Omaha, a strong, stable, and secure company.
‘Bonus’ and ‘ Flexible’ are the Key Words
The key benefits of a Bonus Flex Annuity are the additional interest rate opportunities and the flexible options you have to make contributions and withdrawals.
Bonus interest rate opportunities:
- An additional one percent interest rate is credited to purchase payments received during the first 12 months.
- An additional 0.15 percent interest rate will be credited to accumulation values equal to or over $50,000
Compare the best MYGA annuity rates.
Flexible contribution options
An initial deposit of $5,000 or a $1,200 annual commitment is required to open a Bonus Flexible Annuity contract.
You can also roll over IRA, and Simplified Employee Pension plans to open a Bonus Flexible Annuity contract.
After your initial deposit, you can make additional contributions either monthly, quarterly, semiannually, or annually – whatever works best for your needs.
Systematic income options
When you’re ready to begin receiving payments from your Bonus Flexible Annuity, you can choose if you want to receive payments monthly, quarterly, semiannually, or annually.
You can also customize the amount of income payments you receive in amounts as low as $100.
Variety of payout options
You also have the flexibility to determine how you want to receive payments from your Bonus Flexible Annuity contract:
- Specified amount
- Specified period
- Lifetime income
- Alternative schedule (may be available upon request)
Access to your money when you need it
We understand that life happens, and situations arise where you may need access to your money.
Rest assured that a Bonus Flexible Annuity contract gives you immediate access to your money, with no withdrawal charges, for the following situations:
- You can withdraw 10 percent of your accumulated account value each year without a withdrawal charge or interest adjustment.
- Annuitization after the second contract year if applied to a payment option (no surrender charge, and you can turn the annuity into a lifetime income stream without a penalty)
Our Guarantee to you
Your principal is guaranteed by United of Omaha, less any money is withdrawn or penalties you may incur. There are no initial sales or administrative charges, meaning all your money works for you. (Early withdrawals may be subject to withdrawal charges.)
Retirement Income Planning
If you’re spending the interest from a CD or a fixed annuity to supplement your retirement income, consider a deferred annuity with a lifetime income rider. These annuities would offer a guaranteed income for life (even if the annuity ran out of money), removing the concern of making your money last in retirement and running out of money.
Some lifetime income riders offer a retirement income that increases to keep up with inflation, help pay for long-term care expenses, and offer an enhanced death benefit to help your beneficiaries.