Retirement products 

Horace Mann offers a variety of retirement products, each designed to meet different needs, many of which can provide tax-deferred growth. Whether it has a fixed rate, enables you to invest in the market, or only requires one payment for you to start getting guaranteed income, the right products depend on your retirement income and goals.

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Horace Mann Retirement Advantage® is a mutual fund platform designed to help you set and achieve your retirement goals.

Some of the features include:

  • Savings options with a wide range of institutional mutual funds including target date funds as well as a fixed account
  • Transparent and easy-to-understand fees, with a reduced fee structure
  • No surrender charges or revenue sharing
  • Easy-to-understand retirement planning tools
  • Enroll in under 5 minutes*
  • Personal and automated customer service support

Horace Mann annuity products

Horace Mann offers a variety of annuity products, each designed to meet different needs. Qualified annuities, which can be used for 403(b), 457(b) and IRAs, can provide tax-deferred growth. Our current annuity products include:
  • PRP Variable Annuity
  • PRP Fixed Indexed Annuity II
  • PRP Single Premium Immediate Annuity
  • PRP Single Premium Deferred Fixed Annuity
  • MY Guaranteed Solution II

The Personal Retirement Planner Variable AnnuityTM is an annuity product that offers investors the opportunity to put their money into investment options . The investor can allocate money to a number of different investment options covering a wide variety of investment choices. This provides the potential for larger market gains, but the annuity investments can also lose money during down markets.


The Personal Retirement Planner Fixed Indexed Annuity IITM is a fixed indexed annuity offering investors the opportunity to invest in accounts that track indexes that follow the stock market, without investing in the market itself. This fixed indexed annuity also has a floor of 0%, meaning it limits your market risk.

Indexed accounts are tied to the performance of an equity index, and the annuitant can decide the percentage of premium they wish to allocate to fixed and indexed portions. Besides the Fixed Account, investors can choose from the S&P 500 indexed account or the Dow Jones Industrial Average indexed account.


The Personal Retirement Planner Single Premium Immediate AnnuityTM is a product where the annuitant pays a lump sum, then immediately starts receiving fixed payments on the annuity for either a specified period of time or their lifetime.


The Personal Retirement Planner Single Premium Deferred Fixed AnnuityTM offers the investor a product where they can choose a certain period of time (5, 7 or 10-year periods) to invest a lump sum in the annuity to earn a fixed rate of return. At the end of that period, they can choose to reinvest or to receive the accumulation as annuity payments for a period of their choosing or lifetime income.


MY Guaranteed Solution IITM offers the investor a product where they can choose a certain period of time (5, 7 or 10-year periods) to invest a lump sum in the annuity to earn a fixed rate of return. It also offers a first-year interest bonus - a higher percentage rate of return for premiums received during the first year of investment. At the end of the overall investment period, they can choose to reinvest or to receive the accumulation as annuity payments for a period of their choosing or lifetime income.


Horace Mann annuity products

Horace Mann offers a variety of annuity products, each designed to meet different needs. Qualified annuities, which can be used for 403(b), 457(b) and IRAs, can provide tax-deferred growth. Our current annuity products include:
  • PRP Variable Annuity

    The Personal Retirement Planner Variable AnnuityTM is an annuity product that offers investors the opportunity to put their money into investment options that act as mutual funds. The investor can allocate money to a number of different investment options within different style categories, from conservative fund options to riskier stock fund choices. This provides the potential for larger market gains, but the annuity investments can also lose money during down markets.

    Variable Annuity brochure

  • PRP Fixed Indexed Annuity II

    The Personal Retirement Planner Fixed Indexed Annuity IITM is a fixed indexed annuity offering investors the opportunity to invest in accounts that track indexes that follow the stock market, without investing in the market itself. This fixed indexed annuity also has a floor of 0%, meaning it cannot lose money during down markets.

    Indexed accounts are tied to the performance of an equity index, and the annuitant can decide the percentage of premium they wish to allocate to fixed and indexed portions. Besides the Fixed Account, investors can choose from the S&P 500 indexed account or the Dow Jones Industrial Average indexed account.

    PRP Fixed Indexed Annuity II brochure

  • PRP Single Premium Immediate Annuity

    The Personal Retirement Planner Single Premium Immediate AnnuityTM is a product where the annuitant pays a lump sum, then immediately starts receiving payments on the annuity for either a specified period of time or their lifetime.

    PRP Single Premium Immediate Annuity brochure

  • PRP Single Premium Deferred Fixed Annuity

    The Personal Retirement Planner Single Premium Deferred Fixed AnnuityTM offers the investor a product where they can choose a certain period of time (5, 7 or 10-year periods) to invest a lump sum in the annuity to earn a fixed rate of return. At the end of that period, they can choose to reinvest or to receive the accumulation as annuity payments for a period of their choosing or lifetime income.

    Single Premium Deferred Fixed Annuity brochure

  • MY Guaranteed Solution II

    MY Guaranteed Solution IITM offers the investor a product where they can choose a certain period of time (5, 7 or 10-year periods) to invest a lump sum in the annuity to earn a fixed rate of return. It also offers a first-year premium bonus - a higher percentage rate of return for premiums received during the first year of investment. At the end of the overall investment period, they can choose to reinvest or to receive the accumulation as annuity payments for a period of their choosing or lifetime income.

    MY Guaranteed Solution II brochure

Annuity FAQs

  • Can I cancel my transaction online?
    No. You will be asked to confirm your transaction before finalizing it. If you do not want to complete the transaction, you will be able to cancel at that point.
  • Can I use units and percentages for transfers?
    You can use either units or percentages per fund, but you cannot transfer more than 100%.
  • How can I find more information about an investment option?
    Click on each investment option name to read a summary of its objectives.
  • What does the web server time indicate?
    It indicates when you conducted your transaction. Our cutoff time is 3:00 p.m. CT, the normal close of the New York Stock Exchange (NYSE).
  • Why aren't my values up-to-date?
    You have a transaction pending. See "Why is my transaction pending?" below.
  • Why can't I find a certain investment option in my list of choices?
    If you have a transaction pending for a certain investment option, that option won't be available until processed.
  • Why did my nearly-completed transaction automatically cancel?

    For security, the summary page times-out after five minutes of inactivity. To avoid a time-out:

    • Confirm your transaction on the summary page within five minutes;
    • Move your mouse to reset the time-out time; or
    • Back out of the summary page if you want to make a different selection.
  • Why is my transaction pending?

    Once you submit a transfer or allocation change, it shows as pending until processed. You may also receive the transaction pending message on scheduled holidays and unscheduled stock market closings. You can view the effects of changes as follows:

    • A request submitted before 3 p.m. CT Monday through Friday appears the next business day at 7 a.m.
    • A request submitted after 3 p.m. CT Monday through Friday appears at 7 a.m. on the second business day after the transaction.
    • A request submitted after 3 p.m. CT Friday or any time Saturday or Sunday appears the following Tuesday at 7 a.m.
  • Why is the "Transfer money" button not available?
    All investment options have been selected for transfer and are pending, or your contract is within 120 days of maturity. To extend your maturity date, contact our Customer Care representatives toll free at 800-999-1030.

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*For Retirement Advantage® plans only.

Horace Mann Life Insurance Company underwrites Horace Mann annuities. Annuities should be considered long-term investments. If you take your money out early, you could be subject to an additional 10 percent federal income tax. In addition, withdrawals on tax-qualified contracts may be restricted by the IRS or your employer’s plan. You should consult with your tax advisor regarding any tax-favored products. While an annuity is not required in order to obtain tax deferral within a 403(b) or other tax-qualified retirement plan, an annuity offers additional benefits. In order to offer these benefits there are additional charges and fees in the annuity.

Horace Mann Investors, Inc. offers Horace Mann Retirement Advantage® as 403(b), 457(b) and 401(a) investment options. Horace Mann Investors, Inc., member FINRA, is located at 1 Horace Mann Plaza, Springfield, IL 62715. You can receive prospectuses from your Horace Mann representative, by calling 877-602-1870 or by visiting horacemann.com/retirementadvantage. You should read the prospectuses carefully and consider the investment objectives, risks, charges and expenses carefully before you invest or send money. The prospectuses will provide complete information about these subjects. As with all securities, mutual funds involve a risk of loss, including a loss of principal.

Custodial services are provided by Matrix Trust Company, a Colorado state-chartered trust company located at 717 17th Street, Suite 1300, Denver, CO 80202.

The information provided here is for general informational purposes only, and should not be considered a recommendation or investment, tax or legal advice. Retirement Advantage is not structured to the individualized needs of a particular plan, participant or beneficiary. The plan sponsor is responsible for selecting and monitoring investment options in which participants and beneficiaries may invest. Each investor needs to create an investment strategy for his or her own particular situation before making any investment decisions.

Withdrawals from 403(b) and 457(b) plan accounts are restricted by the Internal Revenue Code and may be further restricted by your employer’s plan. Generally, you may make a withdrawal from a 403(b) plan account only upon reaching age 59½, severance from employment, disability, or certain hardships (if allowed by the plan); from a 457(b) plan account only upon reaching age 59½, severance from employment, disability, or an unforeseeable emergency (if allowed by the plan).

While you can receive the benefits of tax deferral in any product used in an IRA, an annuity offers additional benefits, including a death benefit and the opportunity to choose lifetime income options. In order to offer these benefits, there may be additional fees included in the annuity. There are no additional tax benefits in an annuity when used in an IRA. Annuities should be considered long-term investments.

This information is not intended to be tax advice. The factors which affect your decision to contribute to a traditional or Roth IRA are complicated and can change each year. Contributions to traditional and Roth IRAs are aggregated for purposes of annual limits. If you take money out before age 59 ½, you could be subject to a penalty tax of 10% in addition to income taxes. This is not intended to be tax advice. You should consult with a tax adviser regarding any tax-favored products and your specific situation.