Indexed Annuities

Unlocking the best of both worlds – opportunities for market gains without the risk of loss.

Is an indexed annuity right for you?

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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.

Growth Opportunities and Protection

Indexed annuities can be a great addition to your retirement income strategy. They are indexed to a market – in our case, the S&P 500® - so account values increase when the market does well.  This is tax-deferred1 growth, which means you don’t pay income tax on your earnings until your money is withdrawn, allowing your account to grow more quickly. A 0% floor ensures that your account will never be credited with negative indexed credits, regardless of market performance. 

Our indexed annuities allow you to:

  • Lock in market gains
  • Protect your investment against market losses1
  • Accumulate money on a tax-deferred2 basis

Distribution

Your annuity is designed to be a vehicle to help you earn income for the future. You can begin receiving payouts after 6 years (My6 Indexed Annuity) or 9 years (AccumuLock Indexed Annuity and Lifetime Income Indexed Annuity). 

It is possible to surrender the contract or make withdrawals earlier in the contract, subject to a surrender charge2. After your first policy year, up to 10% of the accumulated value on the previous anniversary may be withdrawn each policy year without a surrender charge. 

Financial Protection for Others

If you die before 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 the proceeds. Funds received may be subject to income tax.

Current Offering

AccumuLock Indexed Annuity is an accumulation-focused annuity with flexible premiums following a $5,000 minimum initial premium.3

Lifetime Income Indexed Annuity has flexible premiums within the first year. It enables you to give yourself a paycheck for life when you activate the Simple Multiplier Rider.4

My6 Indexed Annuity is a single premium annuity featuring a $5,000 minimum premium. With a 2-year point-to-point crediting strategy, it allows greater opportunities for accumulation. 

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1If funded by a qualified plan, please note qualified plans already offer tax-deferred accumulation. 

2Surrender of the contract may be subject to surrender charges. Withdrawals before age 59 ½ may result in a 10% IRS penalty tax for qualified money.  

3Following your initial $5,000 minimum premium payment, you can make premium deposits any time. The Company reserves the right to change the current rate for future purchases without notice, at any time, and for any reason. Contact the Company for current rates.

 4There is a charge for the Simple Multiplier Rider once it is activated. Certain requirements apply to activate the rider. 

The 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.

Neither the Company nor its agents give tax, accounting or legal advice. Consult your professional advisers in these areas. Charts used are illustrative examples only and are not intended to represent actual performance nor guarantee future performance or results. 

To be used with 434-810 series and 434-310 series. In Idaho, to be used with 434-810ID(8-17) and 434-310ID(10-23). W050 (1-24)

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