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The definitions contained herein are for general information only and are not designed for use in connection with the interpretation of any insurance policy or annuity policy issued through Insurance Answer Center.
Life Insurance Glossary Terms  4 A B C D E F G H I J K L M N O P Q R S T U V W Y

403(b) Plan


This is a type of retirement plan authorized in Section 403(b) of the Internal Revenue Code that allows employees of qualifying nonprofit organizations, such as public school teachers, to contribute pre-tax funds for retirement.

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