The power of tax deferral at work
$300,000
With Tax Deferral Without Tax Deferral
$250,000
$200,000
Example uses an initial premium of $100,000 with interest compounded at a rate of 5.0% over a period of 20 years, assuming no withdrawals are taken. This chart is for illustrative purposes only. It is not intended to be indicative of the performance of any specific investment. Your results may vary.
$150,000
$100,000
$50,000
$0
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YEAR
ISSUE AGES & PREMIUM REQUIREMENTS Minimum Premium for All Guarantee Periods: $10,000 Maximum Premium for All Guarantee Periods: $1,000,000 3- and 5-Year Issue Ages 18-95 7- and 10-Year Issue Ages 18-90 PENALTY-FREE WITHDRAWALS You may withdraw the accumulated interest earned in any year without any withdrawal or Surrender Charges or Market Value Adjustment (MVA) being applied. Withdrawals must be a minimum of $100. On each policy anniversary, accumulated interest is reset to zero for purposes of penalty- free withdrawals. SPOUSAL CONTINUATION In the unfortunate event you pass away during your contract term, if your spouse is either the surviving joint owner or your surviving beneficiary, rather than take the contract’s death benefit, your spouse may continue the contract as if your spouse were the original owner. DEATH BENEFIT If you are the sole owner of your annuity, in the unfortunate event you pass away during your contract term, your beneficiary(ies) will be paid a death benefit equal to the Accumulation Value 1 of your annuity. No surrender charges or MVA will be assessed, and your beneficiary does not need to wait until the end of the contract term to access to the money. A beneficiary may choose to receive the death benefit in either a lump sum or any of the available annuitization options.
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1 The Accumulation Value of your Farmers Safeguard Plus MYGA is your initial premium plus interest credited less any deductions for prior partial surrenders.
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