Safeguard Plus
Farmers Life Insurance Company
27
States
A fixed annuity that grows your savings at a guaranteed rate with no market risk, offering tax-deferred growth and flexible access to your money. Ideal for those seeking safety and predictability in retirement planning.
Available In
27 states
Min Premium
$10,000
Surrender
10 years
Key Features
Guaranteed Fixed Rates
3, 5, 7, or 10-year terms availableYou earn a locked-in interest rate for your entire guarantee period with no market fluctuations
Tax-Deferred Growth
100% tax deferralInterest compounds tax-free during the contract term; you only pay taxes when you withdraw
Penalty-Free Interest Withdrawals
Minimum $100 per withdrawalAccess accumulated interest each year without surrender charges or market value adjustments
Principal Protection
Full protection guaranteedYour initial investment and earned interest are not subject to market risk
Minimum Premium
$10,000 minimumLow entry point for starting your savings plan
Issue Ages
Ages 0-95Available to a wide range of ages
Annuitization Option
Available at contract annuity dateConvert your accumulated funds into guaranteed lifetime income payments
Death Benefit
No MVA applied to death benefitYour beneficiaries receive the accumulation value without surrender charges if you pass during the contract term
Spousal Continuation
Optional joint ownershipIf elected at purchase, surviving spouse becomes primary owner and provisions continue
30-Day Penalty-Free Window
Full or partial withdrawal allowedAt the end of your guarantee period, withdraw any amount penalty-free for 30 days
Highlights
Guaranteed fixed interest rates for 3, 5, 7, or 10-year periods with no market risk
Tax-deferred growth that compounds over time for potentially greater accumulation
Penalty-free access to accumulated interest each year plus optional riders for flexibility
Can convert to lifetime income payments or provide a death benefit to beneficiaries
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%
Best For
Individuals seeking safe, predictable growth for retirement savings who can commit funds for 3-10 years and want protection from market volatility.
Consider Alternatives If
Those who need frequent access to their full account balance before the guarantee period ends, or investors seeking potential for higher returns through market exposure.
Carrier Ratings
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