Limits
Mutual of Omaha
Deferred Income Protector is a deferred income annuity that converts a lump sum into guaranteed, predictable income payments starting at a future date you choose. It's designed for people nearing or already in retirement who want to ensure their money lasts as long as they do.
Key Features
Lifetime Income Guarantee
Payments continue for lifeReceive guaranteed monthly payments for the rest of your life, no matter how long you live
Flexible Income Start Date
Choose your start dateYou choose when to begin receiving payments — could be immediately or decades in the future
QLAC Eligibility
Up to IRS limitsCan be funded with pre-tax retirement account dollars (IRA or 401k) with favorable tax treatment
Annual Increase Option
1%, 2%, or 3% annuallyOptionally increase your payments by 1%, 2%, or 3% each year starting in year two
Adjustable Start Date
±5 years flexibilityChange your income start date one time by up to five years earlier or later than originally planned
Accelerated Payments
3 times during contractOn non-qualified contracts, request seven months of payments at once (available three times)
Subsequent Contributions
Up to 2 years before startAdd more money to your annuity anytime up to two years before your income start date
Highlights
Guaranteed income payments that last for life, regardless of how long you live
Flexible income start dates — begin payments now or defer them until later in life
Can be funded with IRA or 401(k) rollovers as a qualified longevity annuity contract (QLAC)
Optional annual increases (1%, 2%, or 3%) to help your income keep pace with inflation
Adjustable features including the ability to accelerate payments, adjust start dates, and make additional contributions
Best For
People within 2-15 years of retirement or already retired who want to convert a portion of their savings into guaranteed lifetime income and don't need immediate access to those funds.
Consider Alternatives If
People who need access to their money in the near term, prefer investment growth potential, or want maximum flexibility and liquidity.
Free Comparison Report
Get a personalized Limits illustration
See year-by-year projections for your specific age, premium, and income goals.
Mutual of Omaha Discussions
E2E curl probe 1777013999000
Customer satisfaction drops 6 points while 92% of retirees fear inflation
DIAs vs SPIAs: Why Waiting 2 Years Could Boost Your Payout by 1.5-2%
Athene Aviator FIA: Does 'Simplified' Mean Lower Returns?
From the AdvisorWorld.com Community