Variable Rate Guaranteed Interest Contract (GIC)
Underwritten by United of Omaha Life Insurance Company
The contract interest rate is adjusted each month or quarter, based on the London Interbank Offered Rate (LIBOR), plus a basis point spread determined at the time of purchase. The contractholder can make withdrawals for plan benefit payments and participant directed withdrawals.
Designed for plans qualified under IRC Section 401(a), including 401(k) plans, this product also may be sold to collective trust funds composed of 401(a), 401(k) and government 457 plans (based on our underwriting requirements).
Early Termination Option
The contractholder or United of Omaha Life Insurance Company may discontinue the contract for any reason with 30 to 90 days notice prior to the last day of the interest rate period.
For more information, please contact John Fischer at John.Fischer@mutualofomaha.com.