Farmers Annuity Plus

The Income Tax-Deferred Way to Accumulate Wealth

The Farmers Annuity Plus is one of the most flexible ways you can accumulate wealth income tax-deferred.  It is specifically designed to provide tax-advantaged growth without risk to either your payments or credited interest.  So you can build your nest egg and protect your assets at the same time.

Income Tax Advantages

Income Farmers Annuity Plus provides you with several tax-saving opportunities:

• As a non-deductible Roth IRA, monies can accumulate income tax-deferred and qualified distributions are not subject to income taxes
• A traditional IRA can provide an income tax deduction in the current tax year as well as income tax-deferred accumulation when you qualify
• Farmers Annuity Plus can also be used for tax-advantaged SIMPLE IRAs, SEPs and TSAs

Settlement Options

There are many convenient and flexible settlement options available:

• Life income with period certain -- Monthly payments for life, also including a guaranteed payment period of at least 10, 15, or 20 years
• Joint and survivor life income -- Monthly payments during your and your spouse's lives
• Life Only -- Monthly payments for life

You may choose one of the standard options listed above or any other payment method agreed to by the company

Contributions

A qualified Farmers Annuity Plus can be opened for as little as $50 a month on Bank Check Plan.  Qualified or non-qualified, there are no loads, sales, charges, or administration charges.  Your money -- 100 percent -- goes to work for you immediately, earning a competitive rate of interest.

Withdrawals

Every year up to 10 percent of your fund balance at the beginning of the policy year may be withdrawn without charge.  The amount of withdrawn must be at least $500 and the fund balance may not fall below the stated minimum.  Additional monies may be withdrawn at any time but subject to a graduated surrender charge.  There is no charge after the seventh year

Repetitive Payment Option

If you want to make withdrawals on a regular basis, you can use our Repetitive Payment Option.  We will automatically send you regular payments from your annuity on a monthly, quarterly, semi-annual or annual basis.  Once every 12 months, you may change the amount and/or frequency of the payments. 

There is a $100 minimum for repetitive payments, and the fund balance must not fall below the minimum balance as stated in your contract. 

Surrender charges may apply, and all or part of any withdrawal may be subject to a federal and state tax penalty.  You should consult with a tax advisor before requesting any withdrawals, especially before the age of 59 1/2. 

A Secure, Smart Way to Build for Your Retirement

When you put your money into a Farmers Annuity Plus, your annuity payments and interest credit are protected.  You are also protected by the financial strength of Farmers New World Life Insurance Company.

We seek the optimum rate of return for our customers that is consistent with safety.  Our policy is to apply stringent investment guidelines to ensure quality, safety and liquidity.

For more information on Farmers Annuity Plus Program, please call Hatcher & Associates toll-free at (888) 925-3874.