The latest is Mutual of Omaha, which has recently unveiled Mutual of Omaha’s Defined Benefit Advantage, either on a fully-bundled or investment-only basis.
For more than 40 years, United of Omaha Life Insurance Company, a wholly owned subsidiary of Mutual of Omaha Insurance Company, has provided employers with group pension products and services.
Investment options are provided through a group variable annuity (Forms 900-GAQC-97, 728LGAI-U-Rev, and 625-GAQC-00) issued by United of Omaha Life Insurance Company, which accepts full responsibility for all of United’s contractual obligations under the annuity but does not guarantee any contributions or investment returns, except as provided in the annuity for the Guaranteed Account, according to the firm.
In April, Mutual of Omaha extended the reach of its retirement services programs, inking a national strategic marketing relationship with Marsh USA and Marsh Advantage America, through their securities broker dealer Marsh Insurance & Investments Corp (see Mutual of Omaha Extends Reach with Marsh Alliance ).
Mutual of Omaha recently launched a series of initiatives focused on informing plan sponsors of participants’ current investment attitudes and behaviors, so they can help their plan participants make better use of these critical retirement savings vehicles (see Participants Unmoved, Uncertain About Retirement Investing ). Plan sponsors can also take advantage of a series of free seminars in select cities, according to Ryan Bauer, vice president of retirement plan sales and marketing at Mutual of Omaha. The next is scheduled for June 11 in Dayton, Ohio (contact Jenny Van Soelen at (402) 351-2903 for details).
More information on Mutual of Omaha’s Defined Benefit offerings is available at http://www.mutualofomaha.com/brokers/products/defined_benefit_plans/index.html