Overview of Annuities

You've worked hard to build up your financial legacy. Let us help you enjoy a financially secure life.

Annuities are sometimes described as the opposite of life insurance because annuities can help you protect against the possibility of living too long and outliving your resources.

An annuity is a contract under which an insurance company promises to make a series of payments to a person in exchange for a single premium or a series of premiums. You can also use a deferred annuity to help you accumulate money for future use.

State Farm® offers several different types of annuities, which can be part of your personal retirement program.

Use the links below to learn more about our annuities, or contact your State Farm agent.

Future Income

(Flexible Premium Deferred Fixed Annuity): This policy allows you to accumulate money over time at a current interest rate (with a guaranteed minimum), and then allows you to choose from several different payout options.

Future Income Plus

(Deferred Annuity with Single Premium): This policy allows you to accumulate money over time at a current interest rate (with a guaranteed minimum), and then allows you to choose from several different payout options. You may also choose a new interest rate guarantee period from those available during a 30-day window at the end of each interest rate guarantee period. This is a single premium Deferred Annuity product.

Future Income Flex

(Variable Deferred Annuity): This policy allows you to accumulate money over time in a variety of underlying investments, and then allows you to choose from several different payout options.

Guaranteed Income

(Single Premium Immediate Annuities): These policies allow you to immediately convert a lump sum of money into a guaranteed payout for as long as you live. Guaranteed payouts are also available for a certain number of years.

Some annuities are used to fund a "Tax-Qualified" plan.* These tax-qualified plans can include:

• Business Retirement Plans
• TSA/403(b) Plans
• Traditional IRAs
• Roth IRAs

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