Farmers Harvest
Farmers Life Insurance Company
11.75%
Best Cap
5%
Free W/D
27
States
Farmers Harvest is a fixed indexed annuity designed for people nearing or in retirement who want to grow savings protected from market losses while maintaining tax-deferred growth and the ability to generate guaranteed lifetime income.
Free Withdrawal
5%/yr
Available In
27 states
Min Premium
$10,000
Surrender
10 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Bloomberg Global Momentum Diversified Leaders 5% ER Index | Annual | -- | 140% | -- |
| NASDAQ-100 Volatility Control 7% Index | Annual | -- | 90% | -- |
| S&P 500 Index | Annual | 11.75% | 100% | -- |
| S&P U.S. Dividend Growers VA RC2 7.5% Index (USD) ER | Annual | -- | 70% | -- |
| Fixed Account | Daily | -- | -- | 3.75% |
Key Features
Upside Potential & Downside Protection
Full upside participation, zero downside in declining marketsEarn interest based on market index gains while principal is protected from market losses. Interest credited can never be less than zero.
Tax-Deferred Growth
100% tax deferral on earningsAll interest earned compounds tax-free until withdrawal, potentially generating greater accumulation than taxable alternatives.
Flexible Surrender Periods
3 options to fit different retirement plansChoose 5, 7, or 10-year surrender charge periods based on your timeline and liquidity needs.
Penalty-Free Withdrawal
10% annual access or RMD amountsAfter the first anniversary, withdraw up to 10% of contract value annually or required minimum distributions without surrender charges.
Multiple Index & Fixed Account Options
4 external indices plus fixed accountAllocate premiums across S&P 500, dividend growth indices, Nasdaq, Bloomberg momentum indices, or a fixed interest account.
Premium Bonus Option
5-10% bonus depending on age and termOptional rider providing 5-10% bonus on premiums to accelerate accumulation; vests over the surrender charge period.
Enhanced Liquidity Package
Increased flexibility for emergencies and life eventsOptional rider bundle allowing 20% penalty-free withdrawal (instead of 10%), 30-day waiting period, and access for terminal illness or nursing care without surrender charges.
Lifetime Income via Annuitization
Guaranteed income you cannot outliveConvert accumulated value into guaranteed income stream that lasts your entire lifetime.
Enhanced Death Benefit
Full value to heirs, no additional costAutomatically included at no cost; beneficiaries receive full contract value at death, with flexible payout options.
Spousal Continuation
Preserves contract growth for surviving spouseIf spouse is joint owner or sole beneficiary, they can continue the contract as original owner instead of taking death benefit.
Highlights
Protection from market downturns with potential upside growth through indexed accounts
Tax-deferred accumulation that compounds over time without annual tax burden
Flexible income generation through annuitization to create lifetime paychecks
Optional riders for enhanced liquidity and terminal illness/nursing care access
Multiple index options and crediting strategies for portfolio diversification
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
Yr 8
2.5%
Yr 9
1.5%
Yr 10
0.9%
After
0%
RMD waiver
Best For
Individuals age 0-85 who are planning for retirement, want protection from market risk, desire tax-deferred growth, and may need guaranteed lifetime income while maintaining some liquidity access.
Consider Alternatives If
People who need immediate access to funds, those with short time horizons (less than 5 years), or anyone seeking direct stock market participation and growth.
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