Tax deferred savings - Reduce the amount of taxes you pay each month!

A provision in the Internal Revenue Code (Section 403(b)) allows you to defer from your taxable income, the portion of your salary that is contributed to purchase a 403(b) contract. Under a salary reduction agreement with your qualified employer, your pay will be reduced by the amount of your contribution and will be sent directly to American Fidelity. Your salary is reduced by the amount you want to pay into the program; you pay federal income tax only on the remaining portion!

For example, if your salary is $30,000 and you contribute $1,200, your gross taxable income is only $28,800... perhaps placing you in a lower tax bracket.

Your tax-deferred payments plus interest earnings accumulate in your account until you retire and begin receiving monthly payments. At that time you pay tax on the payments as you receive them, but during your accumulation period, you have dollars working for you that you would have otherwise paid in taxes. In addition, reduced income following retirement places many people in a lower tax bracket. Because these funds are intended for retirement purposes, tax law permits you to withdraw only under certain circumstances. Click here to view withdrawal restrictions.

• Fixed Before Tax Annuity (FPDA Series)
• Fixed Before Tax Annuity with High Interest Option (where available)
• Variable Annuities available - contact us for information

• Deferred Growth - no annual taxation on earnings as your money grows
• Earns a competitive interest rate, click here for additional information.
• Annual Statements - sent periodically to report current account value
• Flexible - you may stop, start, increase, or decrease your contributions as allowed by your employer
• Loan Provision - 403(b) plan loans are available with some funding options. If guidelines are followed carefully you will avoid both the income tax and any penalty on loan amounts.

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The information contained on this and other product pages generally highlight the important features of the particular American Fidelity product listed, and does not constitute a statement of contract, nor a complete description of the conditions, benefits, exclusions and other terms of coverage. The product listed and/or all benefits may not be available in all states and coverage is subject to all applicable policy provisions as authorized by the proper state regulatory authorities. For more complete information, please consult the terms of the product policy form approved in your state or contact us.