YOUR FINANCES

YOUR FINANCES AND YOUR FUTURE. THEY'RE ONE IN THE SAME.

We all want to retire someday. And we all know that we should be getting ready for that…well, today. But for many people, retirement planning is intimidating, so we put it off. Which means that too many people simply haven't started or, aren't saving nearly enough.

Luckily, Indiana Farm Bureau Insurance offers financial products ranging from IRAs to Annuities—and provides you the guidance you need to make your retirement not only possible, but comfortable.

To start planning for your future, contact your local agent.

FIND A LOCAL AGENT

An annuity can help you accumulate cash on a tax-deferred basis,* earning interest that's competitive with what most banks pay on certificates of deposit.

And, if the funds are needed, many products offer a free 10% withdrawal privilege after the first calendar year.**

*Based on current tax laws.
**IRS tax consequences, if applicable, still apply.

Certificate of Annuity V:

he Certificate of Annuity V can help maintain your financial flexibility while saving for your retirement. This annuity can be written either as an IRA rollover or a non-qualified annuity. This plan offers a competitive guaranteed interest rate for the guaranteed interest period.

This is a Single Premium Deferred Annuity, which can be elected for either three or five years. We will notify you prior to the date of renewal. The minimum deposit is $5,000.

Hoosier Plus III:

Maximize the earning potential of your annuity with The Hoosier Plus III. This annuity can be an IRA rollover, Roth IRA rollover, or non-qualified annuity. This plan offers a competitive interest rate with an additional bonus during the first policy year.* There is a 1% rate guarantee after the first year. The minimum deposit is $5,000.

*Bonus percentage depends on amount deposited.

Retirement Builder V:

This annuity can be written as an IRA, Roth IRA, a non-qualified annuity, or as the funding IRA for a SEP plan. This plan offers a competitive interest rate with a guaranteed rate after the first year of 1%. The minimum deposit is $200. Additional deposits are accepted and must be at least $50.

Simply put, if you’re employed, you can take advantage of Individual Retirement Annuities (IRAs). And, if you are not employed, but your spouse is, you can participate similarly through spousal IRAs. IRAs are tax deferred retirement plans and they are important in helping to provide a retiree with a secure financial future.

Roth IRA:

A Roth IRA is a retirement plan that permits you to withdraw accumulated earnings from your account without having to pay federal income taxes, providing certain requirements are met. You will have to pay taxes on income that you put into your Roth IRA, but from then on it grows tax deferred.

Then, when you withdraw your money at retirement, it acts as tax-free income.

Traditional IRA:

A Traditional IRA from Indiana Farm Bureau Insurance allows earnings and deductible contributions to grow tax deferred. That means you don't pay income taxes on the earnings and deductible contributions of your IRA until you begin taking withdrawals (usually after you retire and are possibly in a lower tax bracket).

The maximum annual contribution is $4000.* In addition, the maximum annual contribution amount is increased by $1,000 for individuals who have turned 50 before the close of the taxable year.* You decide how much you want to contribute; and your funds are accessible at any time.**

*Based on current tax laws.
**IRS tax consequences, if applicable, still apply.

Spousal IRA:

Are you a stay-at-home parent? A working spouse who is not covered by an employer-sponsored retirement plan? Or, are you just taking some time off from work?

Any of these positions may qualify you to contribute to a spousal IRA—because there is never a good time to take a break from saving for retirement.

Estate planning is a process that provides an efficient way to distribute your assets with minimal loss and delay. The primary objective of your estate plan should be the avoidance of unnecessary shrinkage of your estate and providing financial security for your heirs. One of the most common causes of estate shrinkage is under-estimation and inadequate preparation for the numerous expenses incurred at the time of death.

Transferring your wealth to heirs when you die doesn't just happen. It requires a strategy—a detailed blueprint of your wishes—to ensure your spouse, children, grandchildren and even charitable causes may carry on your legacy long after you're gone.

If you can answer “yes” to any of these questions, a Wealth Transfer Strategy might be for you:

  • Have you accumulated sufficient assets to consider a family legacy?
  • Do you want to maintain control of assets during your lifetime?
  • Do you have a specific purpose for your legacy? (For example: college expenses for your grandchildren?)

Most pension plans reduce your monthly retirement benefits by as much as 30% if you choose to share your pension with your spouse, which makes it difficult to realize the plan's overall cash value.

At Indiana Farm Bureau Insurance, we can help you select which permanent life insurance policy or annuity product (specific to your needs) is necessary to purchase prior to retirement to ensure that your spouse will receive tax-fee income* in the event of your death. This will allow you to take advantage of the maximum monthly pension benefit that your company offers—and, make it possible for you to create an inheritance for your children and heirs.

Indiana Farm Bureau Insurance provides insurance products and services in the state of Indiana.
Securities products and services are offered through FBL Marketing Services, LLC.

FBL Marketing Services, LLC,*
5400 University Avenue
West Des Moines, Iowa 50266
Member SIPC

FBL Marketing Services Life Insurance Company
P: 1-877-860-2904

* FBL Marketing Services, LLC and FBL Marketing Services Life Insurance Company are not an affiliate of Indiana Farm Bureau Insurance.

A variable annuity offers a range of investment options. The value of your investment as a variable annuity owner will vary depending on the performance of the investment options you choose. Variable annuity subaccounts invest in stocks, bonds, money market instruments or some combination of the three. Variable annuities will typically include such benefits as systematic withdrawal options, annuitization options, death benefits and tax deferral.

Securities and services offered through registered representatives of:
FBL Marketing Services, LLC+
225 South East Street
Indianapolis, Indiana 46202, 317-692-7497
Member SIPC.

Life insurance and equity products offered through:
FBL Marketing Services Life Insurance Company*
P.O. Box 9253
Des Moines, Iowa 50306-9253
P: 877-249-3698

* FBL Marketing Services, LLC and FBL Marketing Services Life Insurance Company are not an affiliate of Indiana Farm Bureau Insurance. Variable Annuity subaccounts are subject to market risk and possible loss of principal. This and other important information is contained in the prospectus, which can be obtained from a registered representative and should be read carefully before you invest or pay money. Investors should consider the investment objectives, risks, charges and expenses carefully before investing.

A mutual fund is a pool of money collected from several investors that is professionally managed for the mutual benefit of all. Mutual funds allow smaller investors to have access to a well-diversified portfolio of stocks, bonds, and other securities. Typically each shareholder participates in the gain or loss of the fund. Investors can open one mutual fund for as little as $50 a month and the mutual fund shares can be redeemed as needed.

Mutual funds are subject to market risk and possible loss of principal. This and other important information is contained in the prospectus, which can be obtained from a registered representative and should be read carefully before you invest or pay money. Investors should consider the investment objectives, risks, charges and expenses carefully before investing.

How do you protect your policy against loss? Well, we suggest you start by completing our Home and Farm Property Inventory and storing it in a secure place, like a safety-deposit box.

IT PAYS TO BE A MEMBER.

Did you know that as an Indiana Farm Bureau Insurance policyholder you're part of a much larger network? Welcome to the Indiana Farm Bureau, where your annual family membership provides everyone in the household (children to age 25) access to Indiana Farm Bureau Insurance products and services, as well as savings and discounts on purchases, travel, hotels, vehicle rentals, airport parking, theme parks, tickets to attractions and events, and more.

MEMBERSHIP BENEFITS