IRA Accounts and Annuities


An individual retirement account or annuity is a savings program created under the Income Tax Act and Internal Revenue Code of Puerto Rico of 1994, as amended. It may be established through a savings account with a financial institution or through an annuity contract with a life insurance company. 

The individual retirement account or annuity may be established directly by the eligible individual, by an employer for the benefit of their employees or beneficiaries, or by an employee association for the benefit of its employees, members, or beneficiaries. 

Who is eligible to open an Individual Retirement Account or Annuity? Any person under 75 years of age at the close of the tax year, who receives earnings attributable to a profession or occupation, or incomes from salaries, wages, gratuities, bonuses, commissions, or professional services compensation is eligible. Moreover, a spouse may establish an individual retirement account in the other spouse’s name, even if they do not earn income. 

The Triple-S Vida individual retirement account offers you a triple guarantee: 

  • Without risk to the principal, as your account’s growth is guaranteed 
  • Competitive current interest 
  • Guaranteed minimum annual interest rate of 3.5% 

Flexible Premium Deferred Annuity 

The flexible premium annuity allows you to accumulate additional money for your retirement, your children’s college tuition, or any future event for which you need to supplement your monthly income. We offer you a guaranteed minimum annual  interest of 3.5% credited to your account and with the advantage of deferring tax payments for the accumulated interest. With a flexible premium deferred annuity you may achieve a financially secure future.

When you need the funds, we offer you several options: a lump sum, monthly disbursements of accumulated interests , a specific sum for a specific period of time, or lifetime payments that depend on the balance accumulated in your account with the contributions you have made. The interests accumulated with this product are deferred, which means that you will not pay taxes until the money is withdrawn and the death benefit is not subject to taxes under Inheritance Law.

The information described here is a brief summary of the policy. The specific details including conditions, limitations and exclusions that apply to this insurance are set out in the policy.