What is the minimum guaranteed surrender value for Farmers Life – Safeguard Plus MYGA (3-, 5-, 7-, 10-Year Terms)?

Safeguard Plus® MYGA is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate for the entire duration of the selected guarantee period. The owner makes a one-time premium payment and selects a 3-, 5-, 7-, or 10-year term, during which interest is compounded daily and grows tax-deferred. The policy allows penalty-free withdrawals of accumulated interest earned in any year (subject to a $100 minimum), while withdrawals above the penalty-free amount may be subject to surrender charges and a Market Value Adjustment (MVA). Surrender charges under the contract are waived on any Required Minimum Distribution (RMD) under the Internal Revenue Code. During the first 30 days of each Multi-Year Interest Rate Guarantee Period, the owner may take a penalty-free partial or total withdrawal of principal and earned interest without surrender charges or MVA. At the end of the guarantee period, if no election is made, the contract automatically renews into a contract of the same term and guarantee period with a new rate, and a new surrender charge period applies.

What is the minimum premium amount for Farmers Life – Safeguard Plus MYGA (3-, 5-, 7-, 10-Year Terms)?

The minimum premium amount is $10,000.

What is the maximum issue age for Farmers Life – Safeguard Plus MYGA (3-, 5-, 7-, 10-Year Terms)?

The maximum issue age is 95 years.

What is the current interest rate for Farmers Life – Safeguard Plus MYGA (3-, 5-, 7-, 10-Year Terms)?

The current interest rate is 5.3%.

What is the surrender charge schedule for Farmers Life – Safeguard Plus MYGA (3-, 5-, 7-, 10-Year Terms)?

Withdrawals exceeding the penalty-free withdrawal amount, or a full surrender during the guarantee period, are subject to surrender charges and may also incur an MVA. Charges decline each year until reaching 0% at the end of the term. All funds become fully penalty-free at the end of the guarantee period or during the applicable 30-day window. Surrender charges may differ by state.

What are the best rates available for Farmers Life – Safeguard Plus MYGA (3-, 5-, 7-, 10-Year Terms)?

The best available rate is 5.80% for a 10 year term.

Farmers Life Insurance Company

Farmers Life – Safeguard Plus MYGA (3-, 5-, 7-, 10-Year Terms)

About this product

The Farmers Life Safeguard Plus® MYGA is a single-premium Multi-Year Guaranteed Annuity (MYGA) issued by Farmers Life Insurance Company that provides fixed, tax-deferred interest growth and full principal protection across 3-, 5-, 7-, and 10-year guarantee periods. It delivers predictable, contractually guaranteed rates insulated from market volatility, making it ideal for conservative savers seeking stable accumulation. With penalty-free access to accumulated interest each year, a 30-day penalty-free window at the start of each guarantee period, and optional liquidity riders for added flexibility, Safeguard Plus MYGA supports long-term financial planning with security, simplicity, and consistent growth.

Available Rates

Rates are based on current simulation settings with premium amount $100,000.00

3 Years	5.30%
5 Years	5.75%
7 Years	5.70%
10 Years	5.80%

Available Guarantee Periods

Rates are based on current simulation settings with premium amount $100,000.00

$10,000.00 - $1,000,000.00

5.3%

Features
Maximum Issue Age	95 years

Lifetime Income Details

Payout Options

Annuitization

Lump Sum Withdrawal

Additional Options

Actual payout options may vary by insurance carrier and specific products. Common alternatives include:

Life Income Only: Payments for the rest of your life, stopping upon death
Period Certain: Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
Life with Period Certain: Lifetime payments with a minimum guaranteed period
Joint Life: Payments continue for both you and your spouse's lifetimes
Systematic Withdrawal: Regular withdrawals of a specified amount or percentage