Farmers Life

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About Farmers Life

Farmers Life Insurance Company offers a focused range of retirement annuity products, including multi-year guaranteed annuities (MYGAs) designed to deliver guaranteed interest, tax-deferred growth, and principal protection. Serving individuals and financial professionals nationwide, Farmers Life emphasizes simplicity, transparency, and personalized service to help clients build predictable income streams for retirement. With competitive rates and straightforward product options, the company is committed to helping retirees achieve long-term financial stability.

Product Lineup

Farmers Harvest

Fixed Indexed Annuity

Protected growth with market upside, tax deferral & lifetime income options

Upside Potential & Downside ProtectionFull upside participation, zero downside in declining markets

Tax-Deferred Growth100% tax deferral on earnings

Flexible Surrender Periods3 options to fit different retirement plans

Penalty-Free Withdrawal10% annual access or RMD amounts

Best for: Individuals age 0-85 who are planning for retirement, want protection from marke...

Farmers Harvest

Fixed Indexed Annuity

Index-linked growth with downside protection

Index Crediting Strategies5 index options including S&P 500, dividend growers, and global momentum indices

Premium Bonus5-10% depending on term length and age at issue

Penalty-Free Withdrawals10% of contract value or required minimum distribution, whichever is greater

Surrender Charge Period5, 7, or 10-year options; charges range from 9% in year 1 down to 0.9% by year 10

Best for: Conservative to moderate investors seeking tax-deferred growth tied to market in...

Farmers Harvest

Fixed Indexed Annuity

Index-Linked Growth with Principal Protection

Index-Based CreditingMultiple crediting strategies available

Premium Bonus5-10% bonus depending on age and term

Enhanced Death BenefitNo extra fee

Penalty-Free Withdrawals10% annually, or RMD if qualified plan

Best for: Investors age 0-85 seeking moderate growth with downside protection, principal s...

Safeguard Plus

Guaranteed growth. Protected principal. Your peace of mind.

Guaranteed Fixed Rates3, 5, 7, or 10-year terms available

Tax-Deferred Growth100% tax deferral

Penalty-Free Interest WithdrawalsMinimum $100 per withdrawal

Principal ProtectionFull protection guaranteed

Best for: Individuals seeking safe, predictable growth for retirement savings who can comm...

Financial Ratings

Live from CANNEX

Rating Agency

A.M. Best

Rating

B++

Description

Good

Effective

December 12, 2022

Farmers Life Products

Fixed Indexed Annuities

Explore Farmers Life fixed indexed annuity products with current rates and features.

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Multi-Year Guaranteed Annuities

Compare Farmers Life MYGA products with guaranteed rates and terms.

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Immediate Annuities (SPIA)

View Farmers Life single premium immediate annuity options.

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Deferred Income Annuities (DIA)

Explore Farmers Life deferred income and QLAC products.

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Free Comparison Report

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Farmers Life Discussions

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Farmers Life Products

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