Measured Financial Guidance for Farmers

Farmers directly benefit the entire population by ensuring everyone has access to fresh and healthy food options.

But farmers also assume significant financial risks and expenses, including:

  • The cost and maintenance of expensive machinery and costly equipment
  • The cost and maintenance of specially designed buildings
  • The cost of caring for livestock
  • The cost of insurance for machinery, equipment, and buildings
  • The threat of volatile weather patterns that can damage crops and harm livestock

Because these major expenses and other factors may create fluctuations in your profitability, it’s essential to ensure you’re following the right financial strategy to protect your family now and in the years after you retire—when it’s time to harvest the fruits of your investments.

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Financial Products and Services for Farmers

To help, we offer a wide variety of Products and Services, including:

Life Insurance: Life insurance is an effective way to help protect your family's lifestyle and future. Plus, the cash value in a whole life insurance policy can be accessed via policy loans to help you supplement your retirement income when your protection needs decrease*. This cash value can also be accessed for other major life events and can play an important part in business succession or charitable giving plans*.

Long-Term Care Insurance: Going through life may require a little help along the way. So, if you're planning ahead, long-term care insurance may help protect you or a family member's future plans and help preserve the assets you've worked so hard to build.

Retirement Income: Preparing for retirement is easier with the help of our guaranteed^ lifetime income annuity products. You can select an immediate annuity that pays income right away, or a tax-deferred fixed annuity that allows you to set aside money until you need it1. Either way, you will be assured a steady, dependable source of income for life.

Investments#: We offer products and services to help you develop a sound, long-term investment strategy. You can choose from over 2,500 mutual funds, including selfdirected, tax-deferred Individual Retirement Accounts (IRAs). We also offer products to fund plans for companies of all sizes, ranging from SIMPLE IRAs to full-service defined contribution and defined benefit plans.

Other Products: We have established relationships with other carriers, and can supply you with information on disability income insurance as well as individual and group health insurance products. If we don't offer it, chances are we can assist you.

*Policy loans will accrue interest. Any outstanding loans plus interest will reduce the cash value and death benefit of the policy.

^Guarantees are backed by the claims-paying ability of the issuer.

#Securities products and services are offered through NYLIFE Securities LLC (Member FINRA/SIPC), a Licensed Insurance Agency.

1Early withdrawals may incur charges. In addition to paying income taxes that may be due, distributions from annuities before age 59 1/2 may also be subject to a 10% federal tax penalty.