What is an FPA?
A Flexible Premium Deferred Annuity (FPA) is a variable accumulation annuity contract designed to help you build savings for retirement or other long-term objectives. You have flexibility in the timing and amount of contributions, flexibility in the Investment Alternatives you choose for your account values, flexibility in transferring your money between these Alternatives, and flexibility in accessing account information.

You make after-tax contributions to your individual FPA account. Any investment earnings grow tax-deferred in your account until withdrawn.

Why should you purchase an FPA?
An FPA can be a practical supplement to your retirement savings. You can contribute any amount you want, at any time you want, without restriction to your FPA. So, if you have reached your maximum contribution limit on an employer-sponsored plan such as a 401(k), or on an IRA, you can continue to add to your retirement funds in an FPA.

Who’s eligible?
Generally, an FPA is available to anyone at any time. However, minors cannot purchase an FPA. Not only can you set up an FPA for yourself, but you, as contract owner, can establish an FPA naming your child, spouse or other family member as the annuitant.

Learn more about Features & Benefits.

Flexible Premium Annuity (FPA) is a variable accumulation annuity contract and is issued on form FPA-2002 or a similar form specific to your state of residence.