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Annuity Contracts

Annuity contracts are contracts made with an insurance company to provide certain benefits upon a participant's retirement. The arrangement with the insurance company can involve individual contracts for each employee or a group contract with separate accounts for each employee.

Contributions made under a tax-sheltered annuity (TSA) contract are invested with the insurance company. The insurance company provides either a guaranteed interest rate or a variable rate of return. A wide assortment of other investment options may also be available.

Financial Calculator

Financial Calculators

To see how contributions to an annuity can fit into your retirement plan, use this Variable Annuity Calculator.

A group annuity contract can offer life insurance protection for the employee as long as the life insurance benefit is incidental to the retirement annuity. Similarly, a separate life insurance policy can be purchased as part of a TSA so long as the death benefit is incidental to the retirement benefit.


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