Secure Your Future with Confidence: Discover the Power of Annuities
Whether you're planning for retirement or looking to grow your savings with peace of mind, annuities offer a reliable way to turn your hard-earned money into lasting financial security. With guaranteed income options, tax-deferred growth, and protection from market volatility, annuities help you build a future you can count on—no matter what life brings.
Annuities
Farm Bureau Insurance Company of Michigan offers individual annuities, annuities for small businesses, as well as deferred and immediate annuities.
Creating a retirement fund is easier than you may think with a deferred annuity. Make one or several contributions and take the funds later with tax advantages. Interest earned in an annuity is tax-deferred until withdrawn, allowing your interest to compound. In addition, an Internal Revenue Service (IRS) form 1099-R isn’t generated until you take a distribution.
Looking for a secure way to grow your savings? Our MYGA offers guaranteed growth with a single premium payment into a qualified or non-qualified annuity. You can choose from 3-, 5-, 7-, or 10-year interest rate guarantee periods—each backed by a minimum rate guarantee at the time of purchase, giving you peace of mind and predictable returns.
For added flexibility, eligible policyholders may benefit from features like our Nursing Home Waiver of Surrender Charges that provides enhanced annual cash value access options, helping you stay prepared for life’s unexpected turns. Make sure to check out our MYGA flyer for current product offerings and rates.
Looking for an annuity that grows with you? Our Accumulator and Flex annuities are designed for individuals who prefer the flexibility of making multiple premium payments over time—rather than a single lump sum.
- Flex accepts qualified funds
- Accumulator accepts non-qualified funds
Both products offer interest rates that may adjust over time, but never fall below the guaranteed minimum rate outlined in your contract—providing a balance of growth potential and security. These annuities are ideal for those seeking a long-term savings option with ongoing contribution opportunities.
When your employer no longer offers a payment stream for the rest of your life, you can create your own with immediate annuity.
Plan Details
Plan details include:
- One-time contribution
- Create guaranteed payments for:
- Your life
- Your spouse’s life
- For a period of time
- Or a combination of all three
Retirement Planning
Start planning for your dream retirement with expert advice from our insurance agents. Your advisor will help you create a plan that lets you retire when and how you want.
Types of Retirement Plans
The most important thing you can do to prepare for retirement is save. Farm Bureau Insurance offers annuities that earn interest and help your savings grow.