Purchasing a Variable Annuity through a Farm Bureau representative puts you in control ― you can receive a guaranteed1 lifetime income or leave funds to loved ones upon your death.
In addition to offering tax-deferred growth, a Variable Annuity provides greater growth potential by allowing premium dollars to be allocated to a range of investment options. Along with greater grown potential, variable annuities have a higher degree of risk. Whether retirement is approaching or a number of years away, a Variable Annuity offers you choices to help meet your future needs. You can take advantage of:
Flexible premiums ― after making a minimum payment, additional payments can be made when you choose and in the amount you wish.
Greater growth potential ― you can allocate your premium dollars to a range of investment options to provide diversification2 and access to various investment philosophies and strategies.
Within your Variable Annuity, you can build your own investment allocation or select a professionally managed model, and choose from the following features to help manage your investment strategy:
Automatic rebalancing3,4 ― the accumulated value in the policy is rebalanced to the allocation percentages requested, which helps maintain your asset allocation plan.
Dollar cost averaging4 ― You can automatically transfer5 a specified amount from one investment option to others.
Transfer your money ― you can move money6 among the investment options without current taxation.
Direct policy changes ― you can specify what investment option the monthly charges are drawn from.
Tax-deferred growth ― your Variable Annuity accumulates interest on a tax-deferred7 basis, meaning you don’t pay taxes on your earnings until you begin taking withdrawals.8 Your money can accumulate faster than in a taxable investment.
Access to your money ― you may withdraw a portion of your Variable Annuity’s accumulated value without a surrender charge each year.
Systematic withdrawal3 ― you receive periodic payments9 to supplement your retirement income.
Waiver of surrender charges ― to provide you access to money in critical times, surrender charges for withdrawals9 may be waived if terminally or confined to a nursing home.
Optional protection riders such as; accumulation, lifetime and death benefit riders may be available at an additional cost.
Find a Farm Bureau agent today to learn more details.
As the owner of a Variable Annuity, you will receive reports quarterly and annually that list your annuity transactions and current accumulated value.
Let us help simplify your retirement decisions by explaining the many features of a Variable Annuity through Farm Bureau Financial Services. Find an agent now.
1 The guarantees expressed on this Web page are based on the claims-paying ability of the issuing company. Fixed products are offered by Farm Bureau Life Insurance Company.
2 Diversification does not protect an investment from market risks and does not ensure a profit.
3 Automatic Rebalancing and Systematic Withdrawals cannot be in place at the same time as the Dollar Cost Averaging option.
4 Dollar Cost Averaging and Automatic Rebalancing do not guarantee a profit, nor assure against a loss in a declining market. Because Dollar Cost Averaging involves a continuous investment in securities regardless of fluctuating prices, an investor should consider his/her financial ability to continue purchases through periods of fluctuating price levels.
5 Transfers within the Dollar Cost Averaging options are subject to the same provisions and limitations as regular transfers.
6 Market timing transfers are not permitted.
7 If you fund your qualified plan with a Variable Annuity, the tax-deferral feature of a Variable Annuity is not necessary because a qualified plan already offers this feature. However, the guaranteed income payment options and death benefit available through a Variable Annuity may enhance your qualified plan.
8Assuming appropriate ownership of the annuity.
9Withdrawals may be subject to penalties and fees, and will reduce the annuity’s accumulated value and death benefit. An IRS tax penalty may also apply to withdrawals prior to age 59½. Funds received are subject to income tax.
IMPORTANT: The information and material contained on this Web site is not an offer to sell or a solicitation to buy any security or any insurance product in any jurisdiction. No security or other insurance product is offered or will be sold in any jurisdiction in which such offer or solicitation purchase or sale would be unlawful under the securities, insurance or other laws of such jurisdiction. Not all products are available in all states. Exclusions, limitations and reductions may apply. This Web site briefly highlights Farm Bureau's insurance policies and their benefits. The contract is contained only in the policy. Farm Bureau products are offered by Farm Bureau agents -- for more information about any Farm Bureau product, please contact your local agent or nearest office using the Agent Locator.
Variable product subaccounts, mutual funds and municipal fund securities are subject to market risk and possible loss of principal. This and other important information is contained in the prospectus and in the issuer's official statement, which can be obtained from a registered representative and should be read carefully before you invest or pay money. Investors should consider the investment objectives, risks, charges and expenses carefully before investing.
Variable products are comprised of insurance-related features including, but not limited to, a death benefit; optional riders; payment options at death, maturity or upon complete surrender or partial withdrawal; and fees and charges. A 10% tax applies to most withdrawals made from a variable annuity prior to age 59½.
Agent must be a registered representative of EquiTrust Marketing Services, LLC to discuss mutual funds or variable products.