Annuities - Interest Rates

Annuity Interest Rates

Interest rates on investments like CDs, bonds and money market accounts have remained low for many months, often less than one percent. As a result, annuities have emerged as way to earn more money on your investment and provide guaranteed income during your retirement.  

Our fixed and indexed annuities offer a guaranteed minimum interest rate of one percent. Your local Farm Bureau agent can help you understand which option would best fit your retirement strategy.  

Current Annuity Interest Rates, Effective December 1, 2022

New Money 4
Portfolio 6
Portfolio 10
AccumuLock Indexed Annuity
My6 Indexed Annuity
Current Interest Rate
(includes first year bonus
rate, if any)
Years 1-4:
4.00% $100,000+

3.75% $25,000-99,999            
$0 - 24,999
$25,000 - 99,999
$0 - 24,999
Fixed Rate
Point to Point Cap
Monthly Avg. Cap
2-Year Point-to-Point Cap
6.00% Bailout Cap
Bonus Rate N/A
Guaranteed Rate 1.00% 1.00% 1.00% 1.00% 1.00%
Premium Type Single Premium Flexible Premium Flexible Premium Flexible Premium Single Premium
Minimum Premium $25,000 Single Premium $500 initial premium, or $25 monthly EFT $500 initial premium, or $25 monthly EFT $5,000 initial premium $5,000 Single Premium

A 10% tax applies to most withdrawals made from an annuity prior to age 59½.

Surrender charges may apply to any withdrawals. Surrender charge periods for Select IV fixed annuity range from: New Money 4, 8% - 0% over four years; Portfolio 6, 7% - 0% over six years; Portfolio 10, 9% - 0% over ten years for issue age 60+ or 10% - 0% over ten years for issue up to age 59.

Surrender charge periods for AccumuLock indexed annuity range from 9% - 0% over 9 years.

The renewal rates apply to each option of Select IV after the surrender charge period expires.

The current credited interest rate posted above (excluding the first year bonus rate) is guaranteed four years for New Money 4. The current credited interest rate posted above is neither guaranteed or estimated for the future for Portfolio 6 and Portfolio 10.

Renewal rates for AccumuLock and My6 are subject to change each anniversary and are independent of the rates for new sales.

Bonus rate, if any, is added to the current rate for the first year only.

The guaranteed rate is the guaranteed minimum rate for the life of the contract.

The guarantees expressed are based on the claims-paying ability of the issuing life insurance

Bank CDs and accounts are FDIC insured, the other products referenced here are not federally insured.

For AccumuLock and New Money sales, the actual interest rate or indexed cap rates applied to the contract will be the current rates in effect on the date the application is complete and in good order, and the money has been received at the home office. For New Money 4, a four-year contract is required.

Rates are based on the Company's 12/1/2022 declared interest rates. Listed rates are neither guaranteed nor estimated for the future. Please call 1-800-247-4170 for today's rates.

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