Immediate Annuity –
Guaranteed Income Now
You work hard, do research, and save carefully. Yet, there’s one aspect of your retirement that you can’t control – that’s how long your retirement is going to last. Guaranteed Income Now helps there. It provides income that lasts a lifetime.
How does Guaranteed
Income Now work?
Guaranteed Income Now allows you to convert a single premium – often coming from an IRA or 401(k) rollover, a maturing CD, inheritance or life insurance payout, or proceeds from the sale of a business – to help you cover your retirement expenses.
This is money you can count on no matter how long you live. The certainty of guaranteed income from an annuity increases, and reduces stress in retirement.
Set yourself up to keep pace with inflation. By adding this benefit to your Single Premium Immediate annuity at the time of purchase, the payments you receive can increase from 1% to 5% each year. It’s like giving yourself a retirement raise.
This is a general description of coverage. A complete statement of coverage is found only in the policy.
Contact your State Farm agent for details on coverage, costs, and restrictions.
Neither State Farm nor its agents provide tax or legal advice. Please consult your tax, legal, or investment advisor regarding your specific circumstances.
Each State Farm insurer has sole financial responsibility for its own products.
Guarantees are based on the claims-paying ability of the issuing State Farm life insurance company.
In a tax-qualified retirement plan, federal-income-tax deferral is provided by the tax-qualified retirement plan. No additional tax deferral is provided by an annuity. You should contact your attorney or tax advisor for more complete information.
Insurance policies and/or associated riders and features may not be available in all states, and policy terms and conditions may vary by state.
Not FDIC Insured
No Bank Guarantee
State Farm Life Insurance Company (Not licensed in MA, NY, or WI)
State Farm Life and Accident Assurance Company (Licensed in NY and WI)