What is a Select IV Fixed Annuity?

This annuity offers you flexibility, choices for accumulating your money and preservation of your principal. This annuity provides multiple premium options that can help you take advantage of different interest rate strategies.

Annuity Features:
The Select IV Annuity offers you:

Flexible premium options – Portfolio 6 and Portfolio 10– With these flexible premium options: You make payments ($500 minimum or $25 periodic) when you choose and in the amount you wish (unless limited by tax-qualified plan requirements). There is no initial interest rate guarantee, so the credited interest rate will fluctuate. However, when your contract is issued, the guaranteed 1 minimum interest rate is determined and will never change. You have a choice of surrender charge periods (the length and time your money must be held in the annuity without experiencing a fee for withdrawals) – six years for the Portfolio 6 option and 10 years for the Portfolio 10 option. Single Premium Options – New Money 2– With this single premium option: You receive an initial interest rate guarantee, meaning the current rate is guaranteed 1 for two years. In addition, when your contract is issued, the guaranteed 1 minimum interest rate is determined and will never change. After this initial interest rate guaranteed period, your funds will earn a renewal portfolio rate, which will fluctuate, but your guaranteed 1 minimum interest rate will never change. The surrender charge period is just two years.           Year:                 1          2                       Charge:             4%       2%

For a complete Select IV Annuity surrender charge schedule, click on the "Surrender Charges" link in the Additional Resources section to the right of this page.
 
Things to Consider about a Select IV Annuity:
No Fees – There are no annual fees or sales charges, so all of your money works for you immediately.

Banded Interest Rates – Under current company practice, your annuity will earn a higher credited interest rate when your annuity’s value is above $25,000, and an even higher rate when your annuity’s value is above $100,000.

Access to Your Money – You may withdraw ² up to 10 percent of your annuity’s accumulated value without a surrender charge each year, beginning after the first policy year. ³ Money can also be withdrawn without charge after the first policy year due to total disability, terminal illness, nursing home confinement for at least three months, to satisfy an IRS-required minimum distribution, or death.

Tax-Deferred Growth ⁴ – Your money accumulates interest on a tax-deferred basis, meaning you don’t pay taxes on your earnings until you begin taking withdrawals. ⁵ So more of your money earns interest and accumulates faster than in a taxable vehicle.

Additional Protection – When your annuity is purchased, you may add the Incremental Death Benefit Rider ⁶ to it for an additional cost. This additional benefit amount is intended to help your beneficiaries pay a portion of the income tax on the growth of the annuity, thus preserving more of its value.

Supplemental Income ² – You may receive periodic income, known as systematic withdrawals, from your annuity to supplement your income after you retire, while your balance continues to grow tax-deferred. Withdrawals may be taxed as ordinary income.

Income for the Future – Income payment options give you flexibility in receiving income for the long term – even for life! The dollar amount of the payment depends on the balance in your contract and the payment option you select. If you die before all guaranteed ¹ payments are made, any remaining guaranteed amounts will be paid to your beneficiaries.

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1	The guarantees expressed on this site are based on the claims-paying ability of Farm Bureau Life Insurance Company.
2	Withdrawals may be subject to penalties and fees, and will reduce the accumulated value and death benefit of the annuity. An IRS tax penalty may apply to withdrawals prior to age 59½.
3	Under current company practice, which may change at any time for any reason, you may withdraw up to 10 percent of your annuity's accumulated value without a surrender charge during the first policy year.
4	If you fund your qualified plan with the Select IV Fixed Annuity, the tax-deferral feature of this annuity is not necessary because a qualified plan already offers this feature. However, the guaranteed income payment options and death benefit available through the Select IV Fixed Annuity may enhance your qualified plan. Neither the Company nor its agents give tax, accounting or legal advice. Consult your professional advisers in these areas
5	Assuming appropriate ownership of the annuity.
6	The Incremental Death Benefit Rider may not be available in all states. Both the gain and overall maximum are adjusted for any partial withdrawals from the annuity. The benefits from this rider will be taxed as a death benefit from the annuity. Some states require that the owner be permitted to discontinue this rider if so desired.
	Policy Form Number 434-060 series