Fixed Rate Guaranteed Interest Contract (GIC) for Stable Value Funds
Fixed Rate Guaranteed Interest Contract (GIC) for Stable Value Funds
The value of a Fixed Rate GIC
A Fixed Rate GIC offers stable value funds guarantee of principal and protection against interest rate volatility. The contract authorizes withdrawals and transfers for employees in the stable value fund offered by 401(k) or 457 plans.
How our Fixed Rate GIC works
Our single deposit GIC guarantees both principal and interest at a fixed rate until maturity. The contract authorizes withdrawals for employee benefit payments and employee-directed transfers.
This product is designed for trustees of plans qualified under Section 401(a), including 401(k) plans, as well as collective trust funds composed of 401(a), 401(k) and governmental 457 plans (based on United of Omaha Life Insurance Company’s underwriting requirements).
Funds deposited are held as part of the United of Omaha Life Insurance Company General Asset Account.