March 27, 2024

2024

Effective April 1, 2024, we are increasing the fixed index loan rate for our IULs from the current 4.00% to 5.00%. Current fixed account credited rates will be updated as follows:

Income Advantage IUL fixed account rate will increase 0.50% from 3.50% to 4.00%
Life Protection Advantage IUL fixed account rate will increase 0.25% from 3.25% to 3.50%
IUL Express fixed account rate will increase 0.50% from 3.25% to 3.75%

The loan rate change applies to new loans taken on or after April 1st and to existing loans after they pass their annual loan anniversary. Your WinFlex illustration software will automatically update to reflect the new fixed account rate on April 1st.

There will be no changes to IUL cap or participation rates. All IUL fixed account money will start receiving the new rates on April 1, 2024.

At United of Omaha, we continue to be transparent in our rate setting. All crediting rates, as well as renewal participation rates and cap rates are published monthly on the Indexed UL page on our Sales Professional Access producer website.

If you have any questions regarding the upcoming changes, please contact your internal wholesaler.