What is Investment in Contract and where can I find it?

  • Investment in Contract (IIC) is the nontaxable part of your benefit payment.
  • It can be found on your first Annuity Payment Statement that is sent shortly before you receive your first payment.
  • IIC can also be found on the Annuity Payment Statement that is sent to you after your final calculation is done. This is approximately six months after your first payment.