Thanks for visiting our site.

It looks like you’re about to view a page that includes products we don’t offer in your state. You’re welcome to continue on the site anyway, or find a local agent to learn more about products and services available in your state and how an annual review can check to ensure your coverage is keeping up with your busy life.

×
Farm Bureau Financial Services Agent

Thanks for your interest!

I want to help you protect your auto, home, farm or business. Give me a call or send me a message to set up a time to talk.

×
SCBanner_Annuities

Funding Your Future with Annuities

When it comes to filling the gaps of your retirement income, an annuity can help. Designed to pay a steady stream of income in your retirement years, ​Farm Bureau agents offer two types of annuities:

  • Fixed Annuities: Offer a fixed interest rate ensuring your balance will grow at a steady rate. 
  • Indexed Annuities: Are often considered the best of both worlds, taking advantage of potential gains in the market while protecting you from loss with a guaranteed1 minimum interest rate.

You can begin to receive annuity payments upon reaching age 59 ½ (any earlier and you could be charged penalties). It’s up to you how you’ll be paid – one lump sum, annually, quarterly, etc.2 – and you can also decide how long you’ll receive payment with options ranging from one-time to a lifetime. 

Annuities are often just one component of a retirement strategy that could include Social Security, 401(k) plans and/or IRAs. Your Farm Bureau agent can be a valuable resource when it comes to choosing an annuity as part of your overall strategy. 

Contact an agent today to see our great rates.


1 The guarantees expressed on this Web page are based on the claims-paying ability of Farm Bureau Life Insurance Company.

2 Depending on which income payment option is selected and whether the annuity is qualified or non-qualified, you may need to pay federal income tax on any earnings withdrawn from the annuity and/or the principal withdrawn. Also, surrender charges may apply if funds are withdrawn before the annuity’s surrender charge period expires. IRS penalty if withdrawn before age 59½. Neither the Company nor its agents give tax, accounting or legal advice. Consult your professional advisers in these areas.

The Learning Center Plan Today. Prepare for tomorrow.

  • Understanding How Taxation of Annuities Can Impact You

    Buying an annuity can be an excellent way to save for your retirement—understanding how annuities are taxed is a key to making that decision. Read Article »

  • Annuities 101: Everything You Need to Know

    Annuities have a reputation for being complicated--but here's why you shouldn't ignore them! Read Article »

  • Adding Annuities to Your Retirement Plan: Get the Facts

    Annuities may be a great investment addition to your retirement plan. Find out the pros and cons to see if they might be a good solution for you. Read Article »