| Feature | Details |
|---|---|
| Product Name | Farmers Life Safeguard Plus 7 (no liquidity) |
| Insurer | Farmers Life Insurance Company |
| Ratings |
|
| Agent/Broker | PlanEasy Inc. |
| Annuity Type | Multi-Year Guaranteed Annuity (MYGA) |
| Term | 7 Years |
| Current Rate for $0+ | 5.60% |
| Last Rate Change | 2/24/2025, +10bps |
| Interest Type | Compound Interest |
| State Availability | Alabama, Alaska, Arizona, Arkansas, Georgia, Indiana, Iowa, Louisiana, Massachusetts, Mississippi, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, West Virginia, Wyoming, Kentucky |
| Free Withdrawals | No. If you request a withdrawal or surrender your contract before the end of your current guarantee period, you would be subject to a withdrawal charge and market value adjustment on any amount you withdraw. |
| Free RMDs | Yes |
| Death Benefit | Yes |
| MVA | Yes |
| Nursing Home Waiver | No |
| Terminal Illness Waiver | No |
| Surrender Charge by Year | 9.0%, 8.0%, 7.0%, 6.0%, 5.0%, 4.0%, 3.0% |
| Funding Sources | Personal Investment, Cash, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Pension |
| Terms Available | 3, 5, 7, 10 Years |
| Age Restrictions | 18 to 95 Years Old |
| Premium Band | Effective Date | Guaranteed 7-Year Yield to Surrender |
|---|---|---|
| $0+ | 2/24/2025 | 5.60% |
| 1/30/2025 | 5.50% | |
| 1/11/2025 | 5.40% | |
| 12/14/2024 |