Simplified Employee Pension (SEP) IRA
Fund the following retirement account by using either ADVANTAGE Flex™, ADVANTAGE Plus™, or ADVANTAGE Starter™.
Established by employers, including self-employed individuals (sole proprietorships or partnerships). The SEP, an IRA-based plan, allows employers to make tax-deductible contributions for eligible employees. The employer receives a tax deduction for plan contributions, which are made to each eligible employee’s SEP IRA on a discretionary basis. Employees do not pay taxes on SEP contributions, but will pay taxes when receiving a SEP IRA distribution. Distribution rules do apply. Purchase includes fraternal benefit eligibility.
Not all products available in all states and the District of Columbia. All benefits subject to terms and conditions.
Contact your financial representative or the home office for costs and complete coverage details. This contract subject to terms and conditions. The description of benefits in this section is brief and does not constitute, in itself, a contract. Review contract terms and conditions.