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  • Single Premium Deferred Annuity

  • With a Single Premium Deferred Annuity from Farm Bureau Life Insurance Company of Michigan, you pay a one-time premium. All of your money goes into an annuity policy, where it earns a competitive rate of interest. We do not charge any maintenance or administrative fees. When you annuitize your policy, you receive periodic income payments according to a schedule you select.

    Because it is an annuity, your income is tax-advantaged.

    Take a look at some of the benefits the Single Premium Deferred Annuity provides.

    100% Invested
    Every dollar you contribute to your Single Premium Deferred Annuity works for you immediately.

    Substantial Tax Advantages
    No federal or state income taxes on your earnings until they are withdrawn.

    Reliable, Lifetime Income
    You're guaranteed a specific amount of income, unshaken by economic and market fluctuation to help you meet your expenses for the rest of your life.

    Immediate Access to Your Money
    You can make withdrawals when you need to. (A nominal surrender charge may apply to the earnings.)

    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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