The United of Omaha Ultra-Secure Plus Annuity is a fixed or fixed indexed annuity (depending on version) designed to protect principal while offering conservative, tax-deferred growth. It can be used to accumulate savings for retirement and later convert those savings into an income stream or withdrawals under contract terms.

Premiums are credited interest based on the options you choose. Some versions may offer a fixed interest rate, while others use index-linked crediting strategies that track a market index using caps, participation rates, or spreads. Your money is not directly invested in the stock market; only the crediting formula references index performance.

Yes. As a fixed or fixed indexed annuity, Ultra-Secure Plus is structured to protect your accumulation value from market downturns. Negative index performance alone will not reduce your contract value, although withdrawals, surrender, or rider charges can affect your balance.

The contract includes a surrender-charge period during which larger withdrawals or full surrender may incur penalties. This makes the annuity best suited for money you can leave in place for the full term. If you want to compare surrender schedules and guarantees across multiple products, you can review other options on our page covering today’s best annuity rates.

Most contracts allow a limited free-withdrawal amount (often a percentage of account value) each year after the first contract year, without surrender charges. Withdrawals above that amount, or cashing out during the surrender period, can trigger charges and may reduce future growth or income benefits.

When the initial guarantee or surrender period ends, you typically receive a notice outlining your options. Common choices include renewing into a new term, leaving funds in the contract under renewal provisions, beginning an income stream, or taking withdrawals subject to the contract rules at that time.

Depending on the specific version, you may be able to annuitize the contract or add income riders that convert your accumulation value into a guaranteed income stream for a set period or for life. These options can help turn your savings into predictable retirement income.

Earnings grow tax-deferred while they remain in the contract. When you take withdrawals or start income payments, the taxable portion is generally taxed as ordinary income. Distributions before age 59½ may also be subject to additional tax penalties, depending on your situation.

If you pass away while the annuity is in force, your beneficiaries typically receive a death benefit according to the contract terms. This is often based on the accumulation value or a guaranteed minimum. If income payments have already begun, continuation depends on the payout option you selected.

This annuity may appeal to conservative or moderate savers who want principal protection, tax-deferred growth, and the option to create future income. It can be especially useful for those with a multi-year time horizon who do not need full liquidity and want a predictable, contract-based solution rather than direct market exposure.

Key items include the surrender-charge schedule, free-withdrawal provisions, crediting options (fixed or index-linked), any rider fees, death-benefit details, and how the annuity fits into your broader retirement plan alongside other tools like traditional deferred annuities and employer plans.