What is an Annuity?

An insurance contract that allows the owner to accumulate funds on a tax-deferred basis and take distributions when desired, often during retirement years.

Benefits: 

• Provides guaranteed income you can't outlive
• A simple way to distribute your estate directly to a beneficiary  

Retirement Annuity

Accumulate tax-deferred earnings for your future at competitive interest rates. 

• Flexible payment schedule allows for future contributions
• Interest rate follows market conditions
• Tax is deferred until your withdrawals begin
• Can be used to fund an IRA

Single Premium Deferred Annuity

You decide whether a one, three, or five-year guarantee period will work best for you - your account then locks in at the interest rate available for that guarantee period. 

• Ideal for people with accumulated assets to invest
• A one-time payment with a guaranteed interest rate
• Tax is deferred until your withdrawals begin
• Can be used to fund an IRA

Single Premium Immediate Annuity

Offering stable protection, an SPIA from Farm Family provides immediate income. 

• Ideal for people wanting to liquidate accumulated assets
• Can be used for retirement income
• Can provide payments covering two lives

Form #s: 40 - 203SPDA 0603; 40 - 203SRA 0603; 40-104 SPIA