Nov 7 2017

Annuities – Horace Mann #credit #reports

#horace mann insurance


An annuity is a contract between you and a life insurance company that allows you to save money for retirement. Annuities can provide a lump sum payment or periodic payments at specified intervals, usually after retirement.

Annuities can be fixed, variable or indexed depending on the level of risk you are willing to take. And, they can be qualified or non-qualified.

Annuities may be issued in connection with qualified retirement plans or arrangements (qualified annuities) or issued as a non-qualified annuity. All annuities receive tax deferral on the earnings. Qualified annuities receive additional tax advantages as a result of the qualified plan or arrangement for which they are purchased. Purchasing an annuity as an investment vehicle for a qualified retirement plan or arrangement does not provide any additional tax advantage beyond that already available through the qualified plan or arrangement.

Qualified annuities include:

  • 403(b)
  • 457(b)
  • Traditional IRA
  • Roth IRA

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Annuities should be considered long-term investments. If you take your money out early, you could be subject to contract charges, income taxes and an additional 10-percent tax. In addition, withdrawals on tax-qualified contracts may be restricted by the IRS or your employer s plan. You should consult with your tax advisor regarding any tax-favored product.

As with all securities, variable annuities are subject to market volatility and involve a risk of loss, including a loss of principal.

Horace Mann Life Insurance Company underwrites Horace Mann annuity products. Horace Mann s variable annuities are distributed by Horace Mann Investors, Inc. member FINRA. Horace Mann Investors, Inc. is located at #1 Horace Mann Plaza, Springfield, IL 62715.

You can receive variable annuity prospectuses from your Horace Mann representative or by calling 1-800-999-1030. You should read the contract prospectus and the underlying investment option prospectuses carefully and consider the investment objectives, risks and charges and expenses carefully before you invest or send money. The prospectuses will provide complete information about Horace Mann s variable annuity contracts, Horace Mann Life Insurance Company and the underlying investment options.

MOBI-0204 (6/13)

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