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The Single Premium Immediate Annuity (SPIA) is designed so that you make one premium payment of $5,000 or more, and then receive a guaranteed
1 stream of income payments, including principal and interest, right away.
The guaranteed period during which income payments are made depends on the payment option you select. The income payment amount and frequency of payments that you choose are fixed at the time you purchase the annuity. This annuity cannot be surrendered once payments begin. If you die before all payments have been made, any remaining guaranteed
1 amounts will be paid to your beneficiaries according to the terms of your income payment option.
The income payment options available include:
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You can elect to receive income payments for as long as you live, with payments guaranteed
1 for a specific number of years, such as 10, 15 or 20. If you die prior to the end of the selected time period, your beneficiaries will receive payments for the balance of the guaranteed period.
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Proceeds are paid in equal installments for a designated number of years, such as 10, 15 or 20.
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Payments are made to you and another payee for as long as one or both of you live. Upon the death of either payee, payments continue to the survivor while he or she is living. Payments cease upon the death of the second payee.
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You receive lifetime income with payments guaranteed
1 for a certain time period, such as 10, 15 or 20 years. Payments increase by three percent each year to help keep pace with inflation.
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| The guarantees expressed on this site are based on the claims-paying ability of Farm Bureau Life Insurance Company. |
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For additional information regarding Farm Bureau's products and services, please contact your local agent using the
Agent Locator. |
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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.
Life insurance and annuity products offered through Farm Bureau Life Insurance Company+/West Des Moines, IA
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