Farm Bureau Financial Services
Account Login
Investments
Home > Investments > Annuities > Variable Annuity
Variable Annuity

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, Summit Investment Partners and T. Rowe Price®3. In addition, a Declared Interest Option (DIO)4 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 rebalancing5,6 ― the accumulated value in the policy is rebalanced to match your premium allocations, which helps maintain your original asset allocation plan.

Dollar cost averaging6 ― to help minimize short-term volatility, you can automatically transfer7 a specified amount from one investment option to others.

Interest sweep ― any interest earned in the Declared Interest Option4 is automatically transferred monthly to one or more investment options.

Transfer your money ― you can move money8 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-deferred9 basis, meaning you don’t pay taxes on your earnings until you begin taking withdrawals.10 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.12

Systematic withdrawal5 ― you receive periodic payments11 to supplement your retirement income.

Waiver of surrender charges ― to provide you access to money in critical times, surrender charges for withdrawals11 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.12

Optional protection available at an additional cost:

Guaranteed income benefit rider13 ― this guarantees1 a minimum payout that you cannot outlive.

Performance-enhanced death benefit rider13 and incremental death benefit rider13,14 ― these features can maximize the benefit amount15 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 T. Rowe Price is a registered trademark of T. Rowe Price Group, Inc.
4 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.
5 Automatic Rebalancing and Systematic Withdrawals cannot be in place at the same time as the Dollar Cost Averaging option.
6 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.
7 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.
8 Market timing transfers are not permitted. The first 12 transfers per year are free; a charge may apply for additional transfers.
9 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.
10 Assuming appropriate ownership of the annuity.
11 Withdrawals 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.
12 Available 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.
13 This rider can only be added at policy issue, and once elected, it cannot be terminated.
14 With 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.
15 Partial withdrawal reductions and market fluctuations in the subaccounts may adversely affect the value of the death benefit.

Life insurance can be a valuable asset after your death and while you’re living.

Become a Farm Bureau agent
Help people and your community while keeping flexible hours and earning rewards. 

Check out our great rates!
Learn more about a variety of flexible investment options.

 
Related Links

IMPORTANT: The information and material contained on this Web site is not an offer to sell or a solicitation to buy any security or any insurance product in any jurisdiction. No security or other insurance product is offered or will be sold in any jurisdiction in which such offer or solicitation purchase or sale would be unlawful under the securities, insurance or other laws of such jurisdiction. Not all products are available in all states. Exclusions, limitations and reductions may apply. This Web site briefly highlights Farm Bureau's insurance policies and their benefits. The contract is contained only in the policy. Farm Bureau products are offered by Farm Bureau agents -- for more information about any Farm Bureau product, please contact your local agent or nearest office using the Agent Locator.

Variable product subaccounts, mutual funds and municipal fund securities are subject to market risk and possible loss of principal. This and other important information is contained in the prospectus and in the issuer's official statement, which can be obtained from a registered representative and should be read carefully before you invest or pay money. Investors should consider the investment objectives, risks, charges and expenses carefully before investing.

Variable products are comprised of insurance-related features including, but not limited to, a death benefit; optional riders; payment options at death, maturity or upon complete surrender or partial withdrawal; and fees and charges. A 10% tax applies to most withdrawals made from a variable annuity prior to age 59½.

Agent must be a registered representative of EquiTrust Marketing Services, LLC to discuss mutual funds or variable products.

Securities & services offered through EquiTrust Marketing Services, LLC+, 5400 University Ave., West Des Moines, IA 50266, 877/860-2904, Member SIPC. Property-casualty insurance products are offered through Farm Bureau Mutual Insurance Company+* and Western Agricultural Insurance Company+*/West Des Moines, IA and are intended for residents of AZ, IA, KS, MN, NE, NM, SD and UT.

Life insurance & annuity products are offered through Farm Bureau Life Insurance Company+*/West Des Moines, IA and are intended for residents of AZ, CO, IA, ID, KS, MN, MT, ND, NE, NM, OK, SD, UT, WI and WY.

+Affiliates *Company providers of Farm Bureau Financial Services

Terms and Conditions
Using this site means you accept its terms.