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.