Ultra Advantage
United Life Insurance Company
10%
Free W/D
51
States
A fixed index annuity that lets you earn interest tied to market index performance while protecting your principal with guaranteed minimums. Designed for people nearing or in retirement who want growth potential without direct market risk.
Free Withdrawal
10%/yr
Available In
51 states
Min Premium
$10,000
Surrender
10 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| BofA U.S. Agility Index | Annual | -- | 165% | -- |
| S&P 500 Index | Annual | -- | 50% | -- |
| Fixed Account | Daily | -- | -- | 3.5% |
Key Features
Index Interest Crediting Strategies
0% minimum guarantee on index strategies; 0.05% on fixed accountFive different ways to earn returns based on S&P 500 or BofA U.S. Agility Index performance, plus a fixed account option
Free Withdrawal Access
Up to 25% maximum lifetime penalty-free accessWithdraw up to 10% annually penalty-free during the first contract year, with unused amounts rolling over to next year
Flexible Term Selection
3, 4, 5, 7, or 10-year terms availableChoose the annuity duration that matches your retirement timeline and guaranteed income needs
Return of Premium Rider
No fee for this riderOptional rider guarantees surrender value will never be less than original premiums paid, minus any withdrawals
Waiver of Withdrawal Charges
Multiple qualifying life events coveredWithdrawal charges waived for qualifying events including hospitalization, disability, terminal illness, job loss, major home damage, or transplant surgery
Market Value Adjustment
Protects company from interest rate riskAdjustment applied to surrenders/withdrawals based on interest rate changes since purchase; no adjustment on penalty-free amounts
Highlights
Tax-deferred growth with choice of five index-based strategies or fixed account
Flexible term options (3, 4, 5, 7, or 10 years) tailored to your retirement timeline
Penalty-free access to 10% of funds annually, up to 25% maximum
Optional Return of Premium rider guarantees you get back what you invested
Waiver of withdrawal charges for qualifying life events like hospitalization or disability
Surrender Schedule
Yr 1
9%
Yr 2
9%
Yr 3
8%
Yr 4
7%
Yr 5
6%
Yr 6
5%
Yr 7
4%
Yr 8
3%
Yr 9
2%
Yr 10
1%
After
0%
Damage to residence, Death of a spouse or minor dependant, Disability waiver, Nursing home waiver, Terminal illness waiver, Transplant surgery, Unemployment waiver
Best For
Retirees and near-retirees who want their accumulated assets to grow tax-deferred with market-linked returns but need protection against principal loss and the assurance of guaranteed minimums.
Consider Alternatives If
People who need immediate access to all their funds without penalties, or those seeking high growth with unlimited upside potential.
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