A Variable Annuity from Farm Bureau puts you in control ― you can receive a guaranteed¹ lifetime income or leave funds to loved ones upon your death.

In addition to offering tax-deferred growth, our Variable Annuity provides greater growth potential by allowing premium dollars to be allocated to a range of investment options. Along with greater grown potential, variable annuities have a higher degree of risk. Whether retirement is approaching or a number of years away, our Variable Annuity offers you choices to help meet your future needs. You can take advantage of:

Flexible premiums ― after making a minimum payment, additional payments can be made when you choose and in the amount you wish.

Greater growth potential ― you can allocate your premium dollars to a range of investment options to provide diversification² and access to various investment philosophies and strategies. Subaccounts are available through EquiTrust^® Mutual Funds,Columbia Management®, DWS Investments, Fidelity Investments^®, Franklin® Templeton® Investments, JPMorgan Asset Management and Summit Investment Partners. In addition, a Declared Interest Option (DIO)³ is available that guarantees¹ you a minimum of three percent earnings.

Within your Variable Annuity, you can build your own investment allocation or select a professionally managed model, and choose from the following features to help manage your investment strategy:

Automatic rebalancing^4,5 ― the accumulated value in the policy is rebalanced to match your premium allocations, which helps maintain your original asset allocation plan.

Dollar cost averaging⁵ ― to help minimize short-term volatility, you can automatically transfer⁶ a specified amount from one investment option to others.

Interest sweep ― any interest earned in the Declared Interest Option³ is automatically transferred monthly to one or more investment options.

Transfer your money ― you can move money⁷ among the investment options without current taxation.

Direct policy changes ― you can specify what investment option the monthly charges are drawn from.

Tax-deferred growth ― your Variable Annuity accumulates interest on a tax-deferred⁸ basis, meaning you don’t pay taxes on your earnings until you begin taking withdrawals.⁹ Your money can accumulate faster than in a taxable investment.

Access to your money ― you may withdraw up to 10 percent of your Variable Annuity’s accumulated value without a surrender charge each year, beginning after the first policy year.¹¹

Systematic withdrawal⁴ ― you receive periodic payments¹⁰ to supplement your retirement income.

Waiver of surrender charges ― to provide you access to money in critical times, surrender charges for withdrawals¹⁰ made during the first 8 policy years will be waived if you experience terminal or chronic illness, total disability or nursing home confinement for 90 days.¹¹

Optional protection available at an additional cost:

Guaranteed income benefit rider¹² ― this guarantees¹ a minimum payout that you cannot outlive.

Performance-enhanced death benefit rider¹² and incremental death benefit rider¹²,¹³ ― these features can maximize the benefit amount¹⁴ your loved ones receive upon your death. Find a Farm Bureau agent today to learn more details.

As the owner of a Variable Annuity, you will receive reports quarterly and annually that list your annuity transactions and current accumulated value.

Let us help simplify your retirement decisions by explaining the many features of a Variable Annuity from Farm Bureau Financial Services. Find an agent now.

¹ The guarantees expressed on this Web page are based on the claims-paying ability of Farm Bureau Life Insurance Company.
² Diversification does not protect an investment from market risks and does not ensure a profit.
³ The Declared Interest Option guarantees a 3 percent rate of return backed by the claims-paying ability of Farm Bureau Life Insurance Company. The current rate of return is declared by the Company and may change at any time for any reason.
⁴ Automatic Rebalancing and Systematic Withdrawals cannot be in place at the same time as the Dollar Cost Averaging option.
⁵ Dollar Cost Averaging and Automatic Rebalancing do not guarantee a profit, nor assure against a loss in a declining market. Because Dollar Cost Averaging involves a continuous investment in securities regardless of fluctuating prices, an investor should consider his/her financial ability to continue purchases through periods of fluctuating price levels.
⁶ Transfers within the Dollar Cost Averaging options are subject to the same provisions and limitations as regular transfers. This feature is considered in the 12 free transfers during a contract year.
⁷ Market timing transfers are not permitted. The first 12 transfers per year are free; a charge may apply for additional transfers.
⁸ If you fund your qualified plan with a Variable Annuity, the tax-deferral feature of a Variable Annuity is not necessary because a qualified plan already offers this feature. However, the guaranteed income payment options and death benefit available through a Variable Annuity may enhance your qualified plan.
⁹Assuming appropriate ownership of the annuity.
¹⁰Withdrawals may be subject to penalties and fees, and will reduce the annuity’s accumulated value and death benefit. An IRS tax penalty may also apply to withdrawals prior to age 59½. Funds received are subject to income tax.
¹¹Available after the first contract year, but may be available during the first contract year by current Company practice, which may change at any time for any reason.
¹²This rider can only be added at policy issue, and once elected, it cannot be terminated.
¹³With the Incremental Death Benefit Rider, 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 an annuity.
¹⁴Partial withdrawal reductions and market fluctuations in the subaccounts may adversely affect the value of the death benefit.