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Fixed Annuities

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Ready, set, earn for your future with a fixed annuity.

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Tax Advantages

With annuities, you can accumulate earnings on a tax-deferred basis, which means you don鈥檛 pay income tax on your earnings until your money is withdrawn. This typically happens at retirement, when your tax bracket may be lower. This can allow the value of your annuity to grow more quickly than a taxable investment earning the same return.1

Distribution

When it comes to receiving income, if you choose to, you can start receiving an annuity income stream upon reaching age 59陆 (any earlier and you could be charged penalties). When you鈥檙e ready to receive your annuity income stream, you can receive payments monthly, quarterly, annually, etc.1 鈥� whatever is best for your situation. You can also decide on how you want to structure your annuity income stream. Do you want an income stream for a certain number of years, in a certain dollar amount or as long as either you or your spouse are alive?

Financial Protection for Others

If you die before your annuity payout begins, your beneficiaries will receive the accumulated value of the annuity. Death proceeds are paid directly to your beneficiaries, so there should be fewer costs or delays in receiving the proceeds. Funds received may be subject to income tax.

Minimum premium payment required. Four-year contract required, surrender charges for early termination are as follows: Year 1: 8%; Year 2: 6%; Year 3: 4%; Year 4: 2%. 1Based on the Company鈥檚 8/23/2023 declared interest rate for the New Money 4 (Select IV Fixed Premium Annuity) product. Current interest rates posted above are neither guaranteed nor estimated for the future and premium banding is as follows: Years 1-4 4.75% ($25,000-99,999); 5.00% ($100,000+). Credited rates following the initial rate guarantee period are neither guaranteed nor estimated for the future. The Company reserves the right to change the current rate for future purchases without notice at any time for any reason. Contact the company for the current rate. Based on the claims-paying ability of Farm Bureau Life Insurance Company. 

1Neither the Company nor its agents or advisors give tax, accounting or legal advice. Consult your professional advisor in these areas.



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