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Why Consider Retirement Annuity Products?

Finding a safe haven for your retirement dollars and selecting the best financial services depends on your financial goals and market conditions. Fixed annuities from State Farm Life Insurance Company® or State Farm Life and Accident Assurance Company (Licensed in New York and Wisconsin) can help you reach those goals.

Contact a Local State Farm® Agent

For more information, call 844-242-1899844-242-1899

Retirement Annuity Products Explained

What Is an Annuity?

An annuity is a type of policy issued by an insurance company designed to accept and grow funds, and upon annuitization, create a stream of income or payments.

Explaining annuities further

How Do Annuities Work?

Take a look under the hood at how annuities can help earn you money in retirement.

Learn the basics of annuities

Why Pick State Farm?

When purchasing an annuity, financial strength is an important consideration because an annuity contract is only as good as the company's ability to pay. We’ve been at this for well over 80 years.

  • State Farm Life Insurance Company and State Farm Life and Accident Assurance Company (licensed in New York and Wisconsin) have always been able to back up contract promises.
  • The premium dollars we collect are invested using a conservative strategy geared for the long term.
  • We are well positioned to meet the financial commitments that we have made to our customers.
  • Major ratings agencies such as A.M. Best, Moody's, and Standard and Poor's have consistently awarded State Farm top scores for financial stability and claims paying ability.
  • State Farm was built on face-to-face Good Neighbor service. Today, with more than 64 million insurance policies, we still believe in the agent and customer relationship.
See State Farm’s strength

Types of

Americans are living longer, and many of us will enjoy decades of retirement. To help you prepare, State Farm offers a trio of retirement annuity products that allow you to decide how and when you can start receiving protected income for life.

Policy series information

Future Income Plus

Earns a guaranteed interest rate to preserve and protect a portion of your retirement assets from market risk. That single payment will grow tax-deferred, and at a guaranteed rate with an option to convert the value of your annuity into guaranteed lifetime income for retirement. Minimum $10,000 initial premium.

Examine Future Income Plus

Guaranteed Income Now

Begin enjoying your retirement income almost immediately. Quickly convert a single premium into a steady stream of protected income that begins as soon as 30 days and can last a lifetime. Minimum $25,000 initial premium.

Explore Guaranteed Income Now

Guaranteed Income Later

Receive a higher payout than an immediate annuity you can’t outlive by waiting to take your first payment any time between 13 months and up to 30 years from your purchase date. Minimum $10,000 initial premium.

Talk to an agent for details

Contact a State Farm® Agent

For more information, call 844-242-1899844-242-1899

Requesting an
Annuity Change

Thinking about making a change to your annuity? Your State Farm agent would be happy to assist you. But you can also initiate a change yourself.

How to change an annuity

This is a general description of coverage. A complete statement of coverage is found only in the policy.

For more details on coverage, costs, restrictions, and renewability; or to apply for coverage, contact your local State Farm agent.

Insurance policies and/or associated riders and features may not be available in all states, and policy terms and conditions may vary by state.

Contact your State Farm agent for details on coverage, costs, and restrictions.

Neither State Farm® nor its agents provide tax or legal advice.

Withdrawals made prior to age 59½ are subject to a 10% federal income tax penalty.

Guarantees are based on the claims-paying ability of the issuing State Farm Life Insurance company.

Not FDIC Insured

No Bank Guarantee

May Lose Value

Issued by:

State Farm Life Insurance Company (Not licensed in MA, NY or WI)

State Farm Life and Accident Assurance Company (Licensed in NY and WI)

Bloomington, IL

Each insurer is financially responsible for its own products.