Non-Deposit Investment Products

At the Investment Center located at Farmers State Bank in Marion, we can help you make informed decisions about which investments are best suited for your unique situation.

Annuities

  • Fixed, Variable and Indexed annuities
  • Earnings are tax-deferred until withdrawn
  • Annuity withdrawals are subject to a surrender charge during the surrender period. Withdrawals are taxable when made and if made before age 59 1/2 are subject to a 10% IRS penalty.
  • Lump sum or fixed payments at maturity
  • Build retirement income
  • Guarantees are based on the claim paying ability of the issuing insurance company.
  • Provide for heirs and avoid probate. Gains are taxable to the beneficiary as ordinary income.

Annuities are underwritten by the issuing insurance company. Guarantees are based on the claim paying ability of the issuing insurance company. Securities and Annuities are:

  • NOT A DEPOSIT
  • NOT FDIC-INSURED
  • NOT GUARANTEED BY THE BANK
  • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
  • MAY GO DOWN IN VALUE

For more information, contact:

HEIDI PTAK

Farmers State Bank

P.O. Box 7

Marion, SD 57043-0007

(605) 648-3683 phone (605) 648-3989 fax