Retirement Plans if You’re Self-Employed
Annuity Interest Rates
Interest rates on investments like CDs, bonds and money market accounts have remained low for many months, often less than one percent. As a result, annuities have emerged as way to earn more money on your investment and provide guaranteed income during your retirement.
Our fixed and indexed annuities offer a guaranteed minimum interest rate of one percent.
Your local Farm Bureau agent can help you understand which option would best fit your retirement strategy.
Current Annuity Interest Rates, Effective July 11, 2022
|
|
New Money 4
|
Portfolio 6
|
Portfolio 10
|
AccumuLock Indexed Annuity
|
My6 Indexed Annuity |
|---|---|---|---|---|---|
|
Current Interest Rate
(includes first year bonus rate, if any) |
Years 1-4: 3.15% $100,000+ 2.90% $25,000-99,999 |
1.00% $100,000+ 1.00% $25,000-99,999 1.00% $0 - 24,999 |
1.00% $100,000+ 1.00% $25,000 - 99,999 1.00% $0 - 24,999 |
1.50%
Fixed Rate 5.50% Point to Point Cap 6.00% Monthly Avg. Cap |
12.50%
2-Year Point-to-Point Cap 6.00% Bailout Cap |
| Bonus Rate |
N/A
|
N/A | N/A | N/A | N/A |
| Guaranteed Rate | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
| Premium Type | Single Premium | Flexible Premium | Flexible Premium | Flexible Premium | Single Premium |
| Minimum Premium | $25,000 Single Premium | $500 initial premium, or $25 monthly EFT | $500 initial premium, or $25 monthly EFT | $5,000 initial premium | $5,000 Single Premium |
