The basics of annuity benefits Annuities are long-term saving vehicles that can provide a variety of features and benefits to help you prepare for your retirement and manage your money during those years. In purchasing an annuity, you pay a premium to Farmers Life Insurance Company in exchange for a contract that provides detailed benefits to you throughout the contract term. An annuity can help protect and grow your nest egg, with the option of converting your account into scheduled income payments you cannot outlive. GUARANTEED RATES The Farmers Safeguard Plus is a single premium-deferred annuity that begins earning a fixed rate of interest immediately upon the contract effective date. Interest earnings will be compounded daily. Our annuity offers multiple guarantee periods to align with your specific needs: 3, 5, 7 or 10 years. You will earn the specified interest rate for the entire time period you select — guaranteed! PROTECTION FROM MARKET RISK Our MYGA series ensures your principal and interest earned are not subject to market risk or potential fluctuations. With no market risk and a guaranteed interest rate, your money and the interest you earn are protected. TAX-DEFERRED GROWTH With a Farmers Safeguard Plus MYGA, your money grows on a 100% tax- deferred basis, meaning you don’t pay taxes on the interest as it’s earned, only at the time of withdrawal. Because the interest earned will compound over time, you may be able to generate greater accumulation.
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