In a world filled with uncertainty, it’s not surprising that many people are unsure about whether they’re adequately prepared for what the future may hold. Our signature FIA series is designed to help you protect and grow a portion of your nest egg; diversify through interest earned based on the movement of a variety of innovative index options; and generate income you cannot outlive when you need it most, ultimately increasing your retirement readiness.
* Upside potential through a fixed account, four indices or a combination of the two
* Downside protection from potential market downturns
* 5 and 7 and 10-year chassis available
In addition to these fundamentals, the Harvest FIA series also features:
PENALTY-FREE WITHDRAWALS
After the first contract anniversary, you may withdraw the greater of 10% of the Contract Value or your Required Minimum Distribution (RMD)1
SPOUSAL CONTINUATION
If you pass away during your contract term, your spouse can become the primary owner of the contract and provisions will continue2
DEATH BENEFIT
If you pass away during your contract term, your beneficiary(ies) will be paid the full Contract Value3
A Snapshot of How It Works
A Snapshot of How It Works
Click to enlarge the chart
This chart assumes no fees, charges, or withdrawals are taken from the FIA during the illustrated period. This hypothetical example is for illustrative purposes only and not intended to be the performance of any specific product. With the purchase of any additional-cost riders, the contract’s value will be reduced by the cost of the rider. If there is no growth in the applicable index, the funds in the index interest account will receive no interest credit. With the rider’s cost deducted from an enhanced index interest crediting account, there would be a loss in the index interest account’s funds.
Customize the annuity to meet your unique needs4
PREMIUM BONUS
Give the value of your annuity contract a larger base from which to grow, which may help you in pursuit of your accumulation goals.
ENHANCED LIQUIDITY PACKAGE
Access funds early in the event you are diagnosed with a qualifying terminal illness or are confined to a qualified nursing care, or to address a variety of planned or unplanned needs.
Download a copy of the Harvest marketing materials for more information.
Consumer Brochure
Product At a Glance
Index Guide
Product Rate Sheet
Product Availability
1 Withdrawals must be a minimum of $100. On each policy anniversary, accumulated interest is reset to zero.
2 Joint spousal owner must be elected at the time of annuity purchase.
3 The Enhanced Death Benefit Rider is automatically included with your contact for no additional fee.
4 The Enhanced Liquidity Package is not available with election of the Premium Bonus. The Enhanced Liquidity Package includes the Enhanced Liquidity Rider and Enhanced Benefit Rider, which cannot be purchased separately. Election of one or more optional riders will reduce crediting rates set forth in the contract. See contract for complete details.
Withdrawals of earnings will be subject to income tax and may be subject to a 10% IRS penalty tax if taken prior to age 59½. An annuity contract may be purchased on a non-qualified basis or for use within certain qualified retirement plans or arrangements that receive favorable tax treatment. Many of these qualified plans, including IRAs, provide the same type of tax-deferral as provided by an annuity contract, and the annuity contract does not provide any additional tax-deferral benefit. An annuity contract, however, does provide a number of other benefits and features not provided by such retirement plans or arrangements alone. Consult with a qualified tax and/or financial professional regarding the use of an annuity contract within a qualified plan or in connection with other employee benefit plans or arrangements.
Farmers Life Insurance Company is a licensed life insurance company. Guarantees associated with all annuity policies sold by Farmers Life Insurance Company (NAIC #60230), 243 North Peters Rd. Knoxville, TN 37923 (“Farmers Life”) are backed by the financial strength and claims paying ability of Farmers Life. Annuity contracts and features may vary by state and may not be available in all states. Once an optional rider is selected, it may not be removed during the Surrender Charge period.
This product is an individual single premium fixed indexed annuity with the option to pay additional premium during the first contract year. Some exclusions and exceptions apply. Please refer to the contract for the actual terms and conditions that apply.