Plain-English options for teachers & school staff.
Every product on this page is a fixed insurance contract issued by a state-licensed insurance carrier — not a stock, mutual fund, or variable product. Each card outlines the key features and trade-offs. Tap any card for full contract details.
Fixed-Rate Savings
Similar in concept to a bank CD, but issued by an insurance carrier — a fixed declared interest rate for a set number of years.
- Choose your term: typically 3, 5, or 7 years
- Interest grows tax-deferred (no annual 1099 on credited interest)
- Most contracts allow a limited free withdrawal each year; amounts above that may incur surrender charges
Growth Without Market Losses
Credited interest is linked to an external market index, but you are not invested in the market. In a negative index year the credited interest is 0%.
- 0% index credit floor — credited interest will not be less than 0% due to index losses (rider charges may still reduce account value)
- Optional lifetime-income riders available for an annual cost
- Caps, spreads, and participation rates are set by the carrier and may reset each contract year
Lifetime Income
Convert a lump sum into a stream of guaranteed monthly payments for life or for a stated period, subject to the carrier's claims-paying ability.
- Single life, joint life, or period certain payout options
- Payments typically begin within about a month of contract issue
- Can supplement other pension income such as TRS, FRS, or PERS
Life Insurance
Fixed and whole life insurance designed to help cover final expenses, mortgages, or income replacement for your family.
- Whole life and simple permanent options from rated carriers
- Death benefits are generally federal income-tax-free to beneficiaries (IRC §101(a))
- Permanent policies may build cash value subject to the policy's terms
Pension & 403(b) Rollover
Move eligible retirement plan dollars via direct trustee-to-trustee transfer into a fixed-rate insurance contract, avoiding a current taxable event.
- Direct rollover — funds do not pass through your personal bank account
- Eligible plans may include 403(b), 457(b), TSP, and certain pension lump sums
- New contract holds a fixed-rate or fixed indexed annuity (subject to its own contract terms)
Not sure which one fits you?
A licensed agent will walk you through it in plain English — no jargon, no pressure, no obligation to do anything. We'll show you what your TRS/FRS/PERS, 403(b), or DROP money can do.