Annuities
Farm Bureau Insurance offers annuities tailored to your needs
An annuity is a contract that provides for a series of payments to be made at regular intervals. An annuity may be immediate, starting as soon as the premium has been paid, or deferred, starting at a designated later date. Annuities are a great way to ensure financial security for your retirement.
Farm Bureau Insurance provides the following annuities options:
Traditional IRA
A traditional IRA allows you to set aside retirement savings on a tax-deferred basis. We offer a competitive interest rate and a guaranteed rate as well.
Roth IRA
This type of IRA offers tax-free growth on your retirement savings. There are maximum contribution limits defined by the IRS.
Single Premium Deferred Annuity
If you have retirement savings that you'd like to transfer into a secure plan, this is a great alternative. It pays a competitive interest rate with a guaranteed minimum.
Single Premium Immediate Annuity
You pay us a single premium and we pay back to you a periodic (monthly, quarterly, etc.) income that can continue for the rest of your life.
Other Annuity Options
Tax Sheltered Annuities — A tax-deferred retirement 403(b) plan available to employees of organizations that quality under Section 501(c)(3) of the IRC as nonprofit organizations.
Simplified Employee Pension, or SEP — A tax-deferred retirement plan for self-employed persons or owners of small companies.
