Farm Bureau Insurance Main Page Auto
Auto Insurance Motorcycle Insurance Motor Home Insurance Trailer Insurance Commercial Auto Insurance Discounts Special Programs Frequently Asked Questions
Home or Farm
Home Insurance Farm or Ranch Insurance Renters Insurance Condo Insurance Valuable Personal Property Vacant Homes & Rehab Homes Flood Insurance Earthquake Insurance Discounts & Special Programs Frequently Asked Questions
Life
Life Insurance Life Insurance Products Annuities/Retirement Needs Analysis Beneficiary/Claims Assistance Frequently Asked Questions
Business
Business Insurance Commercial Auto Insurance Business Type Employer Provided Group Health Enhanced Coverages Discounts & Special Programs Frequently Asked Questions
Other Services
Other Insurances
Umbrella Liability Insurance Boat Insurance Crop Hail Insurance Health Insurance
Services
Claim Center Safety & Prevention Life Events EFT Information
About
Contact Us Career Opportunities MFB Federation Policy Forms Site Map Fleet Vehicles Salvage Auction Covering You
My Account
Log In Register Now    Make A Payment
Search

Life Insurance - Annuities



Annuities provide an opportunity to accumulate funds on a tax-deferred basis. 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Your interest accumulates on a tax-deferred basis with no federal or state income taxes on your earnings until they are withdrawn.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 fixed annuity also guarantees the return of principal and there is a guaranteed minimum rate of return.

The fixed annuity offers a competitive earnings rate plus many attractive policy features. 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 IRA, Roth IRA, SEP IRA, or SIMPLE IRA. Because deferred annuities and IRAs are designed specifically for retirement, withdrawals made before age 59 ½ may be subject to a 10% tax penalty.


Traditional IRA

A Traditional IRA is a tax-advantaged arrangement that allows earnings and deductible* or nondeductible contributions to grow tax-deferred. That means you don’t pay income taxes on the earnings and contributions of your IRA until you begin taking withdrawals, which is usually after you retire and possibly are in a lower tax bracket. The Traditional IRA is also a way to establish independence from employer based retirement systems as well as providing the ability to leave your assets directly to the beneficiary of your choice. There are maximum contribution limits defined by the IRS and withdrawals made before age 59 ½ may be subject to a 10% tax penalty.

*Deductibility is determined by modified adjusted gross income (MAGI) and participation in an employer sponsored retirement plan.


Roth IRA

This type of IRA is funded by non-deductible contributions* and offers tax-free growth on your retirement savings if you have had a Roth IRA for 5 years and you are over 59 ½. The money you have set aside for retirement is all your money, with no guessing about how much you will have to pay in taxes. The Roth IRA is also a way to establish independence from employer based retirement systems as well as providing the ability to leave your assets directly to the beneficiary of your choice. There are maximum contribution limits defined by the IRS and withdrawals made before age 59 ½ may be subject to a 10% tax penalty.

*Eligibility for making contributions is determined by Modified Adjusted Gross Income (MAGI)


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

Quick Tools

Español

Make A Payment MAKE A PAYMENT
File A Claim FILE A CLAIM
Contact Us CONTACT US
Career Opportunities CAREER OPPORTUNITIES
Missouri Rewards MISSOURI REWARDS

Find An Agent



Just like you, our agents live here. Your calls will receive personal attention, and we promise to assist you with professionalism and quality customer service. With more than 200 agents across Missouri, and at least one in every county, if you live in Missouri, we have an agent for you.


Agent Locator
TV Ads
Missouri Farm Bureau © 2025. All Rights Reserved.

About Us
Career Opportunities
Life Events
MFB Federation
Fleet Vehicles
Privacy Policy
Site Map
Mobile Site Farm Bureau Insurance Mobile Site
Español
Transparency in Coverage
Insurance Products & Services

Auto Insurance
Home Insurance
Farm or Ranch Insurance
Business Insurance
Boat Insurance
Umbrella Liability Insurance
Valuable Personal Property
Claim Center
Safety & Prevention
Life Events
Life Insurance
Life Insurance Products
Annuities/Retirement
Needs Analysis
Life Claims Assistance
Life Insurance FAQ
Contact Us

Missouri Farm Bureau
701 S. Country Club Drive
P.O. Box 658
Jefferson City, Missouri 65102

Email Us | Find An Agent!
Customer Support
1-800-922-4632
Local Number
1-573-893-1400
Claims Reporting
1-800-922-4632


Loading