AFN32287_1007

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PLAN FOR RETIREMENT
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AFN32287_1007
AFN32287_0512
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Why Mutual of Omaha?

• Proven financial strength and stability
• Customer-focused core values

Investment options are underwritten by either
United of Omaha Life Insurance Company or
Companion Life Insurance Company, wholly owned
subsidiaries of Mutual of Omaha.
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Todays Agenda

• Why save for retirement?
• What is a 401(k) plan?
• How much do you need to save?
• Where should you invest your money?
• How do you get started?
• Specific features about your plan

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Why Save for Retirement?

• Social Security will not be enough
• The impact of inflation
• Increased years in retirement

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Current Income Sources for Todays Retirees
ASSET INCOME 11
SOCIAL SECURITY 37
PENSIONS 19
OTHER 3
EARNINGS 30
Source Social Security Administration, Income of
the Aged Chartbook, 2010, released March 2012
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Higher Cost of Inflation
TAKE A LOOK AT HOW PRICES MAY CHANGE OVER TIME
TODAY IN 15 YEARS IN 25 YEARS
NEW CAR 28,400 42,040 54,610
WEEK-LONG VACATION 2,500 3,700 4,810
WINTER COAT 150 222 288
1 LB. OF COFFEE 4.10 6.07 7.88
Sources Inflation Data.com, 2012 Current prices
are estimates. Future prices based on an annual
2.65 percent rate of inflation.
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Increased Years in Retirement
WHY DOES MY LIFE EXPECTANCY MATTER?
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What is a 401(k) Plan?

• A retirement plan offered by your employer
• You contribute
• Your employer may contribute matching
  contributions
• Convenience
• Tax advantages

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Advantages of Investing Pretax Dollars
Assumes Adam and Michael are in a 27.5 percent
tax bracket and an employer matching contribution
of 50 cents per dollar is contributed.
Calculation shows federal income tax withholding
only. See the Plan Highlights section for
information about your company match.
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The Power of Tax-Deferred Growth
Assumes both investors are in a 27.5 percent tax
bracket and a 6 percent annualized return on both
accounts. Upon distribution, Michael potentially
may be in a lower tax bracket of 15 percent and,
if elected, would receive a lump-sum amount of
38,730.
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How Much Do You Need to Save?

• Identify personal needs
• Develop a plan

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How Much Money Will I Need?
Age Annual Salary Amount Needed at Retirement
25 20,000 40,000 60,000 80,000 286,037 810,466 1,470,965 2,181,130
35 20,000 40,000 60,000 80,000 207,741 588,619 1,068,321 1,584,094
45 20,000 40,000 60,000 80,000 150,876 427,498 775,892 1,150,483
55 20,000 40,000 60,000 80,000 109,577 310,480 563,509 835,544
This chart is for illustration purposes only. Not
intended to be investment advice consult your
financial/tax adviser for information about your
specific situation. Assumes pretax savings
through this plan and other tax deferred savings,
no change in Social Security benefits, a 6
percent annual rate of return on investments
after retirement, retiring at age 67 and living
until age 85, with all funds exhausted by age 85.
Assumes that salary and payout will grow at an
annual rate of inflation of 3.25 percent.
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How Much Should I Contribute?
Age Annual Salary Suggested Contribution Percent Suggested Weekly Contribution
25 20,000 40,000 60,000 80,000 8 11 14 15 30 86 156 231
35 20,000 40,000 60,000 80,000 11 16 19 21 43 121 219 325
45 20,000 40,000 60,000 80,000 17 24 29 32 65 184 334 495
55 20,000 40,000 60,000 80,000 32 45 54 60 121 344 623 924
This chart is for illustration purposes only.
Chart computes contributions suggested to reach
75 percent of income needed for retirement. Not
intended to be investment advice consult your
financial/tax adviser for information about your
specific situation. Some amounts may exceed plan-
or IRS-imposed participant contribution limits
for defined contribution plans. Check the Plan
Highlights section of your enrollment book for
the IRS-imposed contribution limits.
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Why is Time Important?
The Benefits of Starting Early Even though Alana
contributed more money to her retirement savings
plan, Suzanne ended up with nearly twice as much
at age 65. Why? Because Suzanne started early and
took advantage of the power of time and
compounding. This illustration assumes a 6
percent earned rate per year with money deposited
at the beginning of the month. This rate is used
for illustration purposes only and doesn't
represent the actual performance of any specific
investment. Theres no guarantee that any
particular return will be achieved, and past
performance is no guarantee of future results.
Investment returns will vary and principle
values, when redeemed, may be worth more or less
than the original investment. Where applicable,
figures have been reduced based on a tax rate of
27.5 percent.
191,696
136,694
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Where Should I Invest My Money?

• Professional investment portfolios
• Risk-based
• Time-based
• Build your own portfolio
• Professionally managed account options
• Self-directed Brokerage Account (SDBA)
• Not all plans qualify for the SDBA. Additional
  costs may apply.
• Not intended to be investment advice.

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Time Horizon
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Risk/Return Profiles
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Asset Classes
Annual Investment Returns of Various Asset Classes
This graph shows the rolling 12 month returns
through 12/31/2011 for Domestic Stocks,
International Stocks, Bonds and Stable Value
categories
Legend Stable Value 90-day T-bills Domestic
Stocks SP 500 Index Bonds BarCap Aggregate
Bond Index International Stocks MSCI EAFE
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Simplified Investing Through Professional
Investment Portfolios

• Portfolios that match your needs
• Rigorous expert selection process
• Professional diversification
• Automatically rebalanced based on pre-set
  allocation over time

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Mutual Directions Portfolios

• Series of five risk-based portfolios
• One investment decision (determined by risk
  tolerance)
• Designed to meet the objectives of the
  conservative to aggressive investor

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Mutual Directions Portfolios
Conservative to Aggressive Portfolios
Diversification does not ensure a profit or
protect against a loss in a declining market.
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Which Portfolio is Right for You?
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Mutual GlidePathSM Portfolios
Mutual GlidePathSM portfolios are designed to
help investors achieve a broadly diversified
portfolio that will gradually become more
conservative in its allocation as the target
retirement date nears. The portfolios continue to
be allocated along their investment glidepaths
for approximately 20 years beyond the target
retirement date. Mutual GlidePath portfolios
offer higher equity exposure at the target
retirement date than to retirement style time
based portfolios.
Diversification does not ensure a profit or
protect against a loss in a declining market.
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Mutual GlidePathSM
Mutual GlidePath 2010Designed for investors who
intend to retire within five years of
2010. Mutual GlidePath 2015Designed for
investors who intend to retire within five years
of 2015. Mutual GlidePath 2020Designed for
investors who intend to retire within five years
of 2020. Mutual GlidePath 2025Designed for
investors who intend to retire within five years
of 2025.
Mutual GlidePath 2030Designed for investors who
intend to retire within five years of
2030. Mutual GlidePath 2035Designed for
investors who intend to retire within five years
of 2035. Mutual GlidePath 2040Designed for
investors who intend to retire within five years
of 2040. Mutual GlidePath 2045Designed for
investors who intend to retire within five years
of 2045.
Mutual GlidePath 2050Designed for investors who
intend to retire within five years of
2050. Mutual GlidePath 2055Designed for
investors who intend to retire within five years
of 2055.
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Vanguard Target Retirement Funds
Vanguard Target Retirement Funds are time-based
investments that become more conservative as the
target retirement date nears. Vanguard Target
Retirement Funds offer lower equity exposure at
the target retirement date than through
retirement style time-based portfolios.
Diversification does not ensure a profit or
protect against a loss in a declining market.
All Vanguard Target Retirement funds are
managed by The Vanguard Group, Inc. Vanguard and
Mutual of Omaha are not affiliated companies.
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Vanguard Target Retirement Funds
Vanguard Target Retirement Income FundDesigned
for investors already in retirement. Vanguard
Target Retirement 2015 FundDesigned for
investors who intend to retire within five years
of 2015. Vanguard Target Retirement 2020
FundDesigned for investors who intend to retire
within five years of 2020. Vanguard Target
Retirement 2025 FundDesigned for investors who
intend to retire within five years of 2025.
Vanguard Target Retirement 2030 FundDesigned for
investors who intend to retire within five years
of 2030. Vanguard Target Retirement 2035
FundDesigned for investors who intend to retire
within five years of 2035. Vanguard Target
Retirement 2040 FundDesigned for investors who
intend to retire within five years of
2040. Vanguard Target Retirement 2045
FundDesigned for investors who intend to retire
within five years of 2045.
Vanguard Target Retirement 2050 FundDesigned for
investors who intend to retire within five years
of 2050. Vanguard Target Retirement 2055
FundDesigned for investors who intend to retire
within five years of 2055.
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Vanguard is a trademark of The Vanguard Group,
Inc.
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Build Your Own

• Customized portfolios
• High level of involvement
• Carefully selected, monitored investment options
• Mutual funds universe
• Self-directed brokerage account
• Not all plans qualify for the SDBA. This feature
  may impact pricing.

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Monitored Funds

• Fixed Income/Bonds
• BlackRock High Yield Bond Portfolio
• Bond Index fund
• Goldman Sachs High Yield Fund
• Guaranteed Account
• Lifetime Guaranteed Income Account
• Metropolitan West Total Return Bond Fund
• PIMCO Total Return Fund
• Templeton Global Total Return Fund
• TIPS Index Fund
• Domestic Stock Funds
• Alliance Bernstein Small/Mid Cap Value Fund
• Allianz NFJ Dividend Value Fund
• Blackrock Capital Appreciation Fund

The Guaranteed Account is an individual
investment choice that is not part of the Mutual
Directions or Mutual GlidePath portfolios and is
not part of the program used by Mutual of Omaha
to monitor the portfolios and their underlying
funds at the product level. Lifetime Guaranteed
Income Account (Rider Forms 651-GAQR-10 or
651-GAQR-10(OR)) may not be available in all
states and specific features may vary by state.
Availability may vary by plan. The Lifetime
Guaranteed Income Account is not available in New
York. Availability may vary by plan and may
change over time.
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Monitored Funds (Continued)

• Domestic Stock Funds (continued)
• Dreyfus/ The Boston Company Small/Mid Cap Growth
  Portfolio
• Goldman Sachs Small CapValue Fund
• Growth Stock Index Fund
• Harbor Capital Appreciation Fund
• John Hancock Disciplined Value Mid Cap Fund
• Lord Abbett Value Opportunities Fund
• MFS Value Fund
• Mid Cap Stock Index Fund

• Royce Total Return Fund
• Small Company Fund
• Small Cap Stock Index Fund
• Stock Market Index Fund
• Strategic Value Fund
• Target Small Capitalization Value Portfolio
• T. Rowe Price Growth Stock Fund
• Value Stock Index Fund
• Vanguard Morgan Growth Fund
• Vanguard Windsor II Fund
• Waddell Reed New Concepts Fund
• William Blair Small-Mid Cap Growth I Fund

Not available in New York. Availability may
vary by plan and may change over time.
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Monitored Funds (Continued)

• International Stock Funds
• Causeway International Value Fund
• Dodge Cox International Stock Fund
• Emerging Markets Index Fund
• Franklin International Small Cap Growth Fund
• Harbor International Fund
• International Developed Countries Fund
• International Stock Index Fund
• International Emerging Markets Fund
• MFS International Growth Fund
• Wells Fargo Advantage Emerging Markets Equity
  Fund

• Specialty Funds
• Cohen Steers Institutional Realty Shares
• Franklin Growth Fund
• Lord Abbett Fundamental Equity Fund
• Oppenheimer Global Fund
• Vanguard Global Equity Fund

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Availability may vary by plan and may change over
time.
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Self-directed Brokerage Account

• For participants who want to select and trade in
  
• Individual stocks listed on major U.S. stock
  exchanges
• New York Stock Exchange
• American Stock Exchange
• NASDAQ
• Fixed income funds including U.S. government and
  corporate securities
• A large list of mutual funds

Not all plans qualify for the SDBA. An
additional cost may apply.
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Professionally Managed Account Options

• For participants who want a do it for me
  approach
• Personalized retirement strategy recommendations
• Professional account management
• Regular monitoring and detailed reports

Additional costs apply
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Professionally Managed Account Option

• Stadion
• Fully automated feature
• Manages investments based on current market
  conditions
• Defaulted based on age or individual preference

Additional costs apply
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Professionally Managed Account Option

• Morningstar Retirement Manager
• Professional investment guidance
• Managed account services
• Ongoing account review

Additional costs apply
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Qualified Default Investment Alternatives (QDIA)

• QDIA solutions include
• Stadion
• Mutual GlidePath portfolios
• Vanguard Target Retirement Funds

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How Do I Get Started?

• Determine how much to contribute
• Choose how to invest your money
• Complete the enrollment forms

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Your Plan Features

• Plan highlights
• Plan tools

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Plan Highlights

• Eligibility
• Contributions
• Vesting
• Investment options
• Loans
• Distributions

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Roth 401(k) More Ways to Save for Retirement

• After-tax contributions
• Tax-free withdrawals
• No income restrictions
• Eligible for matching contributions
• Eligible for rollover into another qualified
  plan
• Contributions must remain in the plan for 5
  years from the first time Roth 401(k)
  contributions are made and begin after age 59 ½.
• Check your plan provisions.

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What is more advantageous Roth or Pretax

• You may want to consider pretax contributions if
• Minimizing the taxes you pay today is very
  important to you
• You think your tax rates will be lower when you
  retire than they are today
• The current tax savings you get by making pretax
  contributions is substantial
• Increasing your income would reduce tax credits
  you may be eligible for now
• You believe the certainty of an immediate tax
  reduction outweighs a potentially larger, but
  uncertain tax reduction in the future
• You have the self-discipline to take the tax
  savings and invest them for retirement

• You may want to consider Roth contributions if
• You want your retirement savings to be tax free
  when withdrawn (subject to IRS conditions)
• You think your tax rates will be higher when you
  retire than they are today
• Your personal tax situation limits the benefits
  of pretax contributions today (your income is low
  or you have high tax deductions or credits)
• You plan to leave the money in the plan until you
  retire
• You are younger and have a long time to
  accumulate earnings on your contributions
  (compounding earnings will have a greater impact
  on the amount distributed tax free)
• You are not eligible for a Roth IRA due to income
  limitations

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Plan Tools

• Information to help manage your 401(k) account
• Customer service options
• Account access capabilities
• Ongoing communications
• Education and planning tools

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Convenient Customer Service Options

• Interactive Voice Response (IVR) System
• 1-888-917-7191
• Speak with a Retirement Specialist
• Call IVR System
• Press 0
• 800 a.m. 800 p.m. (CST)
• Monday - Friday

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Quick Access

• Web site GetRetirementRight.com
• Account balance information
• Investment election changes
• Deferral percentage changes
• Transfers among current funds
• Sample loan modeling
• Loan requests
• Statements on demand
• Fund performance information
• Distribution requests
• Retirement planning tools
• Wireless application protocol

The bullets on this slide may be variable,
depending on the specific plans features - for
example, if loans are not available, the bullet
may be deleted.
Availability may vary by plan
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Ongoing Communications

• Quarterly Statements Quarterly Newsletters

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Education and Planning Tools

• Enrollment Booklet Retirement
  Calculator

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Education and Planning Tools

• SmartPlan EnterpriseSM

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Online Tools
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Remember

• Start saving early
• Contribute regularly
• Choose investments that meet your unique needs
• Online and telephone support is always available

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Important Information
All graphs and charts are for illustration
purposes only and do not represent actual
performance of specific investments. Your
investment results will differ. Unless noted,
illustrations assume 6 percent growth per year
with money deposited at the beginning of the
month. Figures have been reduced based on a tax
rate of 27.5 percent. Taxes must be paid when
funds are withdrawn. This presenter does not
offer investment advice, legal advice, tax advice
or tax opinions. Consult with your investment,
legal or tax professional before taking any
action based on this information. Past
performance is no guarantee of future
results. 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. Lifetime
Guaranteed Income Account (Rider Forms
651-GAQR-10 or 651-GAQR-10(OR)) may not be
available in all states and specific features may
vary by state. Availability may vary by plan.
The Lifetime Guaranteed Income Account is not
available in Nevada or New York.
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