The same portfolios that are available in the are also available as Individual Portfolios. Unlike the Age-Based Option, however, the Individual Portfolios do not change the types and composition of investments as your beneficiary ages. Instead, the types and composition of investments remains fixed over time.
1 The Savings Portfolio invests 100% of its assets in a savings account at First National Bank of Omaha (FNBO). The account is held in an omnibus savings account insured by the FDIC, which is held in trust by the Board at FNBO. Contributions to and earnings on the investments in the Savings Portfolio are insured by the FDIC on a pass-through basis to each account owner up to the maximum amount set by federal law, currently $250,000. The amount of FDIC insurance provided to an account owner is based on the total of: (a) the value of an account owner's investment in the Savings Portfolio; and (b) the value of all other accounts held by the account owner at FNBO, as determined by FNBO and FDIC regulations.