As life expectancy increases and planning uncertainties continue, it is essential for everyday Americans to make saving for retirement a priority. Our signature MYGA series is designed to help you protect a portion of your nest egg against major financial risks and position yourself to generate income you cannot outlive when you need it most.

* A guaranteed rate of return for a fixed time frame

* Tax-deferred growth at a guaranteed fixed interest rate

* 3, 5 and 7 and 10-year guarantee periods available

In addition to these fundamentals, the Safeguard Plus MYGA series also features:


You may withdraw the accumulated interest earned in any year without penalty1


If you pass away during your contract term, your spouse can become the primary owner of the contract and provisions will continue2


If you pass away during your contract term, your beneficiary(ies) will be paid a death benefit3

*For example purposes only. Assumes no withdrawals or surrenders.

Customize your coverage with our optional riders4


Access funds early in the event you are diagnosed with a qualifying terminal illness or are confined to qualified nursing care.


Increase your financial flexibility and access 5% of the contract value or your required minimum distribution (RMD) without penalty.

Download a copy of the Safeguard Plus marketing materials for more information.

Consumer Brochure
Product At a Glance
Product Rate Sheet
Product Availability

1 Withdrawals must be a minimum of $100. Accumulated interest is reset to zero at each policy anniversary for purposes of penalty-free withdrawals.
2 Joint spousal owner must be elected at the time of annuity purchase.
3 Death benefit is equal to the Accumulation Value of your annuity.
4 Election of one or both optional riders may reduce crediting rates set forth in the contract. See contract for complete details.

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 guarantee period.

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.

This product is a single premium, deferred fixed annuity that provides a minimum guaranteed surrender value. You should understand how the minimum guaranteed surrender value is determined before purchasing an annuity contract. Interest rates are subject to change.