Want to know more?
Contact your
relationship manager

Qualified Default Investment Alternative (QDIA)

When you invest contributions in a default fund (fund must meet certain requirements) for a participant who has not made investment elections, you are deemed to have made a prudent investment decision on behalf of that participant.

A QDIA is a default investment option that provides additional fiduciary protection for you, assuming additional requirements are met.*

Mutual of Omaha offers two types of QDIA options:

*An annual rate of .75% will be assessed once a year to participants using this service as a default investment. Participants can opt out of this feature at any time.

 

Investment options are offered through a group variable annuity contract (Forms 902-GAQC-09 or 902-GAQC-09(CT) or 902-GAQC-09(OR)) underwritten by United of Omaha Life Insurance Company for contracts issued in all states except New York. United of Omaha Life Insurance Company, Omaha, NE 68175 is not licensed in New York. In New York, Companion Life Insurance Company, Hauppauge, NY 11788 underwrites the group variable annuity (Form 900-GAQC-07(NY)). Each company accepts full responsibility for each of their respective contractual obligations under the contract but does not guarantee any contributions or investment returns except as to the Guaranteed Account and the Lifetime Guaranteed Income Account as provided under the contract. Neither United of Omaha Life Insurance Company, Companion Life Insurance Company, nor their representatives or affiliates offers investment advice in connection with the contract.

AFN40101-626_0411