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  • Payout Annuity

  • The Payout Annuity is a single premium immediate annuity which can provide you with a guaranteed income. This annuity will pay you selected benefits monthly, quarterly, semi-annually, or annually during your lifetime or for a guaranteed period.

    With a Payout Annuity, you purchase your annuity with a single deposit and begin to receive your income payments immediately. A Payout Annuity from Farm Bureau Life Insurance Company of Michigan has many important features that can help you to make your future more predictable

    One of the primary advantages of the Payout Annuity is that you can be assured you will receive income from this annuity as long as you live. Your Payout Annuity is based on a guaranteed interest rate and provides favorable tax treatment.

    You can decide how often and for how long you will receive your income from this annuity. The choices offered by a Payout Annuity provide flexibility in planning your secure, long-term investment.

    Contact your Farm Bureau Insurance agent for more information on insurance products from Farm Bureau Insurance of Michigan.

    The product information included in the Farm Bureau Insurance of Michigan web site is intended for Michigan residents only, and is neither an offer to sell nor an invitation to purchase any insurance product.

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