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Potentia® Fixed and Variable Annuity

Product Overview

Potentia is offered as an investment contract under "special pay" retirement plans for not-for-profit employers. In addition, Potentia is offered as an investment contract under Social Security (FICA) alternative plans sponsored by governmental employers who are not covered by Social Security. Potentia offers a broad spectrum of variable investment options with a fixed interest alternative from which to choose.

Annuities are long-term investments. Income taxes are payable upon withdrawal. Federal withdrawal restrictions and tax penalties may apply to early withdrawals. Investment values will fluctuate so that your investment units when redeemed can be worth more or less than their original cost. Annuity contracts typically include limitations, exclusions and expense charges. Fees may apply, including Separate Account Annual Expenses, which are annualized at 1.45% and Annual Net Fund Expenses, which range from 0.39% to 1.16% based on the investment option selected. The current Annual Net Fund Expense is the Total Annual Fund Expense less any expense waivers or reimbursement. Fees and expense waivers or reimbursements are subject to change.

Contributions to your Potentia Fixed and Variable Annuity contract qualify to be tax deferred, subject to applicable contribution limits and related rules. That tax deferral is a result of issuing the contract, which satisfies specific important tax law requirements, including plan requirements, under your employer's retirement plan. It does not result from the mere fact that the contract is an annuity. Therefore, you do not receive any additional tax-deferred treatment of earnings beyond the treatment provided by the tax-qualified retirement plan itself.*

*Taxes are due at withdrawal.

Features and Benefits

Tax-exempt organizations can take advantage of powerful tax legislation enacted especially for them to fund special pay amounts due to employees. A tax-exempt employer may contribute unused sick pay, annual leave pay, vacation pay, or other forms of special pay into a retirement plan. If such pay is contributed to the plan, the employee defers taxes on the contributions until distributed and both the employer and the employee permanently save any Social Security and Medicare taxes otherwise due on the contributions.

Certain governmental employees can contribute to a FICA Alternative Plan instead of Social Security. As a part-time, seasonal or temporary employee, you are eligible to participate in your organization's FICA Alternative Plan with pretax contributions. The FICA Alternative Plan reduces your current tax liability because your contributions are made before tax withholding.

To obtain 403(b) Potentia contract and underlying prospectuses, click here. The prospectuses contain the investment objectives, charges, expenses and other information about the respective investment companies that you should consider carefully before investing. Please read the prospectuses carefully before investing or sending money.