Traditional Fixed Annuity, Equity Index Annuity at Northwest Farmer-Stockman

Annuities are a great way to provide tax deferred retirement accumulation with flexible wealth accumulation opportunities, income choices and safety. No one product fits everyone's needs and we encourage you to contact the Northwest Farmer-Stockman office and talk to one of our agents about the right product for your future.

Traditional Fixed Annuity: A traditional fixed annuity is a contract between you and the insurance company. Your annuity earns a competitive interest rate and is guaranteed for a specified period of time. It also contains a guaranteed minimum interest rate that can never fall below a specific percentage compounded annually over the term of the contract. Taxes are not due on earnings until withdrawn. Some of the benefits and features of a traditional fixed annuity include: tax-deferred growth, competitive interest rates, single or flexible premium, withdrawals of interest or amounts to satisfy IRS minimum distributions, 10% penalty-free withdrawal of contract value starting in year 2, surrender charges are waived at death.
Equity Index Annuity: An equity-indexed annuity is a fixed annuity with the interest earned linked to an external equity or bond index. The most commonly used indexes are the S&P 500 Index, the Dow Jones Industrial Average Index, the NASDAQ-100, and the Lehman US Aggregate or US Treasury Indexes. When purchasing an equity-indexed annuity, you own an annuity contract backed by an insurance company, you are not purchasing shares of stock, bonds, or any indexes. The benefits and features of equity indexed annuities include: tax-deferred growth, choices of how interest is calculated and which index is used, single or flexible premiums, 10% penalty-free withdrawal of contract value starting in year 2, full contract value at first-to-die of owner or annuitant.

P.O. Box 2160 • Spokane, WA 99210 • 800.624.6618 • Fax 509.459.5102

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