Fixed Indexed Annuities in North Carolina & South Carolina (2026–2027)

If you’re approaching retirement and looking for a way to protect your savings while still having the opportunity to earn more than a traditional savings account, CD, or money market account, a Fixed Indexed Annuity (FIA) may be worth considering.

Many retirees in North Carolina and South Carolina are searching for financial products that offer principal protection, growth potential, and flexibility without unnecessary complexity.

One option that may appeal to conservative investors is the Mutual of Omaha Ultra Advantage FIA®, which is designed for individuals who want accumulation potential rather than guaranteed lifetime income riders or numerous optional features.

What Is a Fixed Indexed Annuity?

A Fixed Indexed Annuity (FIA) is an insurance product that allows your money to grow based on the performance of a market index, such as the S&P 500®, while helping protect your principal from direct market losses. Unlike investing directly in the stock market, your account is not invested in the index itself.

Because FIAs are insurance products, they are designed for long-term retirement planning and include terms and conditions that should be reviewed carefully before purchase.

Why North & South Carolina Retirees Are Considering Fixed Indexed Annuities

Many retirees throughout the Carolinas are asking the same questions:

• How can I protect my retirement savings from market volatility?
• Can I earn more than a traditional CD?
• Where can I safely invest money after selling a home?
• How can I help reduce inflation’s impact on my savings?
• What should I do with money sitting in a low-interest savings account?
• Are there alternatives to money market accounts?

For some investors, a Fixed Indexed Annuity may help address these concerns while offering principal protection and tax-deferred growth.

Highlights of the Mutual of Omaha Ultra Advantage FIA®

The Ultra Advantage FIA® is designed for individuals seeking accumulation-focused growth without adding optional income riders.

Some features include:

• Multiple guarantee periods including 3-, 4-, 5-, 7-, and 10-year options.
• Interest crediting strategies linked to the performance of the S&P 500® Index.
• Principal protection from direct market losses, subject to contract terms.
• Tax-deferred growth.
• 10% penalty-free withdrawals beginning in the first contract year (subject to contract provisions).
• Carryforward feature allowing unused penalty-free withdrawal amounts to accumulate, subject to contract terms.
• Optional Return of Premium (ROP) Rider available at issue.
• Acceptance of eligible inherited qualified and non-qualified assets, subject to product rules.

Interest-crediting methods, caps, participation rates, spreads, and other contract features are subject to change and vary based on the selected strategy and contract.

Who May Benefit from an Accumulation-Focused FIA?

An accumulation-focused FIA may be appropriate for individuals who:

• Are nearing retirement.
• Want principal protection.
• Prefer not to purchase an income rider.
• Are concerned about inflation.
• Have money in CDs, savings accounts, or money market funds earning lower interest.
• Recently sold a home.
• Received an inheritance.
• Want tax-deferred growth.
• Seek diversification within their retirement portfolio.

Frequently Asked Questions

Can I lose money in a Fixed Indexed Annuity?

Your principal is generally protected from direct market losses, provided you follow the terms of your annuity contract. However, withdrawals above the penalty-free amount during the surrender period may result in surrender charges, and early withdrawals may have tax consequences.

Is an FIA better than a CD?

That depends on your financial goals. CDs typically offer a fixed interest rate for a specified period, while Fixed Indexed Annuities provide tax-deferred growth and interest that may be linked to an external market index. Each product has advantages and limitations.

Can I access my money?

Many FIAs allow annual penalty-free withdrawals, subject to contract provisions. Additional withdrawals during the surrender period may incur surrender charges.

Are earnings taxable each year?

Generally, earnings inside a non-qualified annuity grow tax deferred until withdrawn. Consult your tax advisor regarding your individual circumstances.

Can I use inherited IRA money?

Certain inherited qualified and non-qualified assets may be eligible, depending on the annuity contract and applicable tax rules.

Why Compare Multiple Fixed Indexed Annuities?

Every insurance company designs its annuity products differently. Interest-crediting strategies, withdrawal provisions, surrender periods, riders, financial strength ratings, and other features can vary significantly.

Comparing multiple companies helps ensure you choose an annuity that aligns with your retirement goals, risk tolerance, and liquidity needs.

Serving North Carolina & South Carolina

Mintco Financial works with individuals and families throughout North Carolina and South Carolina, including Charlotte, Raleigh, Cary, Wilmington, Pinehurst, Southern Pines, Asheville, Greensboro, Winston-Salem, Myrtle Beach, Charleston, Greenville, Hilton Head, Bluffton, Columbia, and surrounding communities.

Our licensed professionals offer secure virtual appointments, allowing you to meet from the comfort of your home or office anywhere in either state.

Disclosure

This article is for educational purposes only and should not be considered financial, tax, legal, or investment advice. Fixed Indexed Annuities are insurance products issued by insurance companies and are not direct investments in the stock market. Interest is credited according to the terms of the annuity contract, and guarantees are backed solely by the financial strength and claims-paying ability of the issuing insurance company. Product features, caps, participation rates, riders, and availability may vary by state and are subject to change. Consult with a qualified financial professional before making investment or retirement planning decisions.