Enjoy the ‘Best of Both Worlds’ with Indexed Annuities
Banking on the market to grow your funds for the future can be risky. But what if you could lock in your gains and never lose money?1
Growth Opportunities and Protection
Indexed Annuities are often considered the ‘best of both worlds’ because they allow you to take advantage of potential gains in the market while protecting you from loss with a guaranteed² minimum interest rate. Our AccumuLock Indexed Annuity® does just that. This product allows you to:
- Lock in market gains annually
- Protect your investment against market losses
- Accumulate money on a tax-deferred³ basis
- Give yourself a paycheck for life¹ when you activate the Simple Multiplier Rider¹
Simple Multiplier Rider
When it comes to reaching your retirement goals, having a guaranteed² stream of income is important. The Simple Multiplier Rider provides you the flexibility to make guaranteed annual withdrawals from your annuity, while maintaining control over the remaining account. When you activate the rider, an amount called the “benefit base” is established. This benefit base will increase each year for a period of up to 20 years at 4 percent simple interest. You decide when to activate this 20-year period and when to receive withdrawal benefits.⁴
Financial Protection for Others
AccumuLock provides a guaranteed² death benefit to beneficiaries at the death of the owner. As owner, if you die prior to the time your annuity payout begins, your beneficiaries will receive the greater of the accumulated value of the annuity or the guaranteed minimum surrender value. Death proceeds are paid directly to your beneficiaries, so there should be fewer costs or delays in receiving proceeds. Funds received may be subject to income tax.
The AccumuLock Indexed Annuity can be a great addition to your retirement income strategy. The flexibility to add premium when it’s convenient for you,⁵ helps set AccumuLock apart from other indexed annuities. Connect with a Farm Bureau agent to see how he or she can help you take control of your retirement.
¹ Surrender of the contract may be subject to surrender charges. Withdrawals before age 59 ½ may result in a 10% IRS penalty tax. Additionally, there is a charge for the Simple Multiplier Rider once it is activated. Certain requirements apply to activate the rider.
² he guarantees expressed on this web page are based on the claims-paying ability of Farm Bureau Life Insurance Company. Not FDIC insured, not bank guaranteed, may lose value, not a deposit, not insured by any federal or state government agency.
³ If AccumuLock Indexed Annuity is funded by a qualified plan, please note qualified plans already offer tax-deferred accumulation.
⁴ 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.
⁵ Following your initial $5,000 minimum premium payment, you can make premium deposits any time. W050 (03-20)
To be used with 434-810 series