Single Deposit Guaranteed Interest Contract (GIC)

This nonparticipating single deposit GIC guarantees both principal and interest at a fixed rate until maturity. The contract holder can make withdrawals for plan benefit payments, participant-directed transfers, and other withdrawals required by the plan trustee or collective trust fund and authorized by the contract.

Designed for trustees of plans qualified under IRC Section 401(a), including 401(k) plans, this product also may be sold to collective trust funds composed of 401(a), 401(k), and governmental 457 plans (based on our underwriting requirements).

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