ANNUITIES

An individual fixed annuity is a type of long-term personal retirement account designed to help your assets grow and provide a steady income stream when you retire. Your interest accumulates on a tax-deferred basis with no federal or state income taxes on your earnings until they are withdrawn. The contract also guarantees the return of principal and there is a guaranteed minimum rate of return.

The annuity offers a competitive earnings rate plus many attractive policy features.

SOME FEATURES OF THE ANNUITY CONTRACT:

• Your principal and interest are guaranteed by Farm Bureau Life Insurance Company of Missouri, which has maintained an excellent rating by the A.M. Best Company.
• There is never a front-end sales charge, so 100% of your money immediately earns interest.
• Your account accumulates on a tax-deferred basis.
• Up to 10% of your annuity value is available to you each year, free of contract withdrawal charges. (NOTE: The IRS may impose penalties on certain types of premature withdrawals.)
• The fixed annuity can be used for savings in a non-qualified annuity, or used to fund a tax qualified retirement plan such as a Traditional or Roth IRA, SEP IRA, SIMPLE IRA, or Tax Sheltered Annuity.
• You decide when to receive money from your annuity. Your can receive your payment in a single payment or in periodic payments in the amount you select. Or you can guarantee an income for your lifetime by selecting the life income option.
• If you die before your annuity payout begins, your beneficiaries are guaranteed to be paid the value of the annuity account without the costs and delays of probate in most situations.

THE FLEXGOLD ANNUITY:

• A flexible premium deferred annuity which combines advantages of three annuities into one - single premium deferred annuity, flexible premium deferred annuity, and immediate annuity.
• After an initial deposit of at least $100, contributions are flexible for the amount and can be made when you choose.
• On annuity values over $5,000, up to 10% of the annuity value may be withdrawn per without surrender charges after the first contract year. (Early withdrawal penalties may apply before age 59 ½).
• A surrender charge will be assessed during the first 5 contract years for any withdrawals that do not qualify as surrender charge-free.

THE MEMBER ADVANTAGE ANNUITY:

• A single premium deferred annuity with minimum premium requirements of $10,000.
• Bonus - A 4% bonus of the initial premium (less withdrawals) will be credited at the end of the 7th contract year if the contract is in force. A pro-rata portion of the bonus will be paid in the event of death of the owner during the first 7 contract years.
• Membership Benefit - As long as the contract remains in force, Farm Bureau will provide a Farm Bureau membership for the owner, or an individual designated by the owner. The membership benefit will cease if the annuity value falls below $10,000.
• On annuity values over $10,000, up to 10% of the annuity value may be withdrawn per without surrender charges after the first contract year. (Early withdrawal penalties may apply before age 59 ½).
• A surrender charge will be assessed during the first 7 contract years for any withdrawals that do not qualify as surrender charge-free.

For personal consultation on how a Farm Bureau Annuity program can benefit you, contact your Missouri Farm Bureau Agent.