Expert review · 2026

Farmers Life review

Annuity Atlas covers 15 Farmers Life annuity products with live rates and contract specs. 15 carry full editorial reviews.

How we rank →Today's rates →

A.M. Best

B++

Insurer claims-paying rating

Products tracked: 15
MYGA yield (lineup max): 6.25% · 10yr · Safeguard Plus MYGA 10-Year
Surrender range: 3–10 years

Rate as of Oct 19, 2026

Start my comparison

Products covered

A.M. Best

B++

Categories covered

FIA · MYGA

15 Farmers Life annuities

Click any product for rates, specs, and the full peer-group review.

Product	Type	Surrender	Rating	Income rider	Bonus
Safeguard Plus MYGA 10-Year buyers who specifically want a decade-long rate lock and value the certainty of a fixed rate that far out more than the five basis points it adds over Farmers' own five-year	MYGA	10yr	B++	—	—	Review →
Safeguard Plus MYGA 5-Year rate-focused savers who will not touch the money for five years, do not need the contract to pay a full death benefit, and understand they are buying the stripped version at the headline rate	MYGA	5yr	B++	—	—	Review →
Safeguard Plus MYGA 7-Year buyers who have already settled on a seven-year horizon for a reason unrelated to rate (a laddering plan or a known date) rather than anyone shopping for the best guaranteed yield	MYGA	7yr	B++	—	—	Review →
Safeguard Plus MYGA 3-Year savers with a hard, dated three-year need who want a strong short rate and can accept that the money is genuinely untouchable in between	MYGA	3yr	B++	—	—	Review →
Farmers Harvest 10-Year Buyers with genuine 10-year money who want the strongest crediting terms available anywhere in the Farmers Harvest lineup and a no-fee, full-value death benefit, and who are comfortable accepting a B++-rated carrier to get there	FIA	10yr	B++	—	—	Review →
Farmers Harvest 5-Year Buyers who want a short-commitment, no-frills FIA with a genuinely competitive cap and are comfortable with a below-A carrier	FIA	5yr	B++	—	—	Review →
Farmers Harvest 7-Year Buyers who want a no-annual-fee, index-linked accumulation contract with a strong automatic death benefit and can accept a mid-tier carrier and a 22-state availability gap	FIA	7yr	B++	—	—	Review →
Farmers Harvest Enhanced Liquidity Package 10-Year Farmers Harvest 10-Year buyers who specifically want a bigger penalty-free withdrawal allowance and a built-in nursing-home/terminal-illness waiver, and are willing to give up meaningfully higher crediting rates to get them	FIA	10yr	B++	—	—	Review →
Farmers Harvest Enhanced Liquidity Package 5-Year buyers who want index-linked growth on a short five-year term and place real value on a 20% withdrawal allowance plus a nursing-home and terminal-illness waiver, and accept lower crediting on every strategy to get them	FIA	5yr	B++	—	—	Review →
Farmers Harvest Enhanced Liquidity Package 7-Year buyers committing to a seven-year indexed contract who want a 20% withdrawal allowance and a contractual nursing-home and terminal-illness waiver, and accept lower crediting on every strategy to get them	FIA	7yr	B++	—	—	Review →
Farmers Harvest Enhanced Premium Bonus 10-Year Buyers who specifically want the largest available upfront account-value bonus and a clean full-contract-value death benefit, are comfortable committing to a B++ carrier for ten years, and do not need liquidity	FIA	10yr	B++	—	17% (through age 75) / 10% (ages 76–85)	Review →
Farmers Harvest Enhanced Premium Bonus 7-Year Buyers who want a larger day-one premium bonus, plan to hold the full seven years, and are comfortable with a B++ carrier	FIA	7yr	B++	—	10% (through age 75) / 8% (ages 76–85)	Review →
Farmers Harvest Premium Bonus 10-Year Long-horizon buyers who want a large upfront account-value bonus and will hold the full 10 years or leave the contract to heirs, accepting lower crediting rates and a below-A-rated carrier to get it	FIA	10yr	B++	—	14% (through age 75) / 8% (ages 76–85)	Review →
Farmers Harvest Premium Bonus 5-Year Buyers who want a short-duration, principal-protected FIA and value an upfront premium bonus more than the highest possible caps, provided they can hold long enough for the bonus to vest	FIA	5yr	B++	—	7% (through age 75) / 3% (ages 76–85)	Review →
Farmers Harvest Premium Bonus 7-Year Accumulation-focused buyers who intend to hold the full seven years, want an upfront account-value cushion, and are comfortable trading away crediting potential and a top-tier carrier rating to get it	FIA	7yr	B++	—	8% (through age 75) / 6% (ages 76–85)	Review →

Safeguard Plus MYGA 10-Year

buyers who specifically want a decade-long rate lock and value the certainty of a fixed rate that far out more than the five basis points it adds over Farmers' own five-year

B++

A.M. BEST

MYGA10-YR SURRENDER

Review →

Safeguard Plus MYGA 5-Year

rate-focused savers who will not touch the money for five years, do not need the contract to pay a full death benefit, and understand they are buying the stripped version at the headline rate

B++

A.M. BEST

MYGA5-YR SURRENDER

Review →

Safeguard Plus MYGA 7-Year

buyers who have already settled on a seven-year horizon for a reason unrelated to rate (a laddering plan or a known date) rather than anyone shopping for the best guaranteed yield

B++

A.M. BEST

MYGA7-YR SURRENDER

Review →

Safeguard Plus MYGA 3-Year

savers with a hard, dated three-year need who want a strong short rate and can accept that the money is genuinely untouchable in between

B++

A.M. BEST

MYGA3-YR SURRENDER

Review →

Farmers Harvest 10-Year

Buyers with genuine 10-year money who want the strongest crediting terms available anywhere in the Farmers Harvest lineup and a no-fee, full-value death benefit, and who are comfortable accepting a B++-rated carrier to get there

B++

A.M. BEST

FIA10-YR SURRENDER

Review →

Farmers Harvest 5-Year

Buyers who want a short-commitment, no-frills FIA with a genuinely competitive cap and are comfortable with a below-A carrier

B++

A.M. BEST

FIA5-YR SURRENDER

Review →

Farmers Harvest 7-Year

Buyers who want a no-annual-fee, index-linked accumulation contract with a strong automatic death benefit and can accept a mid-tier carrier and a 22-state availability gap

B++

A.M. BEST

FIA7-YR SURRENDER

Review →

Farmers Harvest Enhanced Liquidity Package 10-Year

Farmers Harvest 10-Year buyers who specifically want a bigger penalty-free withdrawal allowance and a built-in nursing-home/terminal-illness waiver, and are willing to give up meaningfully higher crediting rates to get them

B++

A.M. BEST

FIA10-YR SURRENDER

Review →

Farmers Harvest Enhanced Liquidity Package 5-Year

buyers who want index-linked growth on a short five-year term and place real value on a 20% withdrawal allowance plus a nursing-home and terminal-illness waiver, and accept lower crediting on every strategy to get them

B++

A.M. BEST

FIA5-YR SURRENDER

Review →

Farmers Harvest Enhanced Liquidity Package 7-Year

buyers committing to a seven-year indexed contract who want a 20% withdrawal allowance and a contractual nursing-home and terminal-illness waiver, and accept lower crediting on every strategy to get them

B++

A.M. BEST

FIA7-YR SURRENDER

Review →

Farmers Harvest Enhanced Premium Bonus 10-Year

Buyers who specifically want the largest available upfront account-value bonus and a clean full-contract-value death benefit, are comfortable committing to a B++ carrier for ten years, and do not need liquidity

B++

A.M. BEST

FIA10-YR SURRENDERBONUS 17% (through age 75) / 10% (ages 76–85)

Review →

Farmers Harvest Enhanced Premium Bonus 7-Year

Buyers who want a larger day-one premium bonus, plan to hold the full seven years, and are comfortable with a B++ carrier

B++

A.M. BEST

FIA7-YR SURRENDERBONUS 10% (through age 75) / 8% (ages 76–85)

Review →

Farmers Harvest Premium Bonus 10-Year

Long-horizon buyers who want a large upfront account-value bonus and will hold the full 10 years or leave the contract to heirs, accepting lower crediting rates and a below-A-rated carrier to get it

B++

A.M. BEST

FIA10-YR SURRENDERBONUS 14% (through age 75) / 8% (ages 76–85)

Review →

Farmers Harvest Premium Bonus 5-Year

Buyers who want a short-duration, principal-protected FIA and value an upfront premium bonus more than the highest possible caps, provided they can hold long enough for the bonus to vest

B++

A.M. BEST

FIA5-YR SURRENDERBONUS 7% (through age 75) / 3% (ages 76–85)

Review →

Farmers Harvest Premium Bonus 7-Year

Accumulation-focused buyers who intend to hold the full seven years, want an upfront account-value cushion, and are comfortable trading away crediting potential and a top-tier carrier rating to get it

B++

A.M. BEST

FIA7-YR SURRENDERBONUS 8% (through age 75) / 6% (ages 76–85)

Review →

Frequently asked questions

Is Farmers Life a good annuity company?

We have reviewed 15 Farmers Life products, and A.M. Best rates the carrier B++ for financial strength.

What is the surrender period for Farmers Life annuities?

Surrender periods on Farmers Life's current lineup run 3–10 years, depending on the product. Most products allow an annual free-withdrawal amount before charges apply. The product table above shows each product's surrender length, and each review covers the exact schedule.

Sources & standards

How we know what's on this page

Rates, terms & availability: Annuity Rate Watch, which aggregates carriers' filed rate sheets. Refreshed every night.
Financial strength: A.M. Best. We publish the carrier's letter rating rather than a score of our own.
Contract detail: The carrier's own brochure, minimum guaranteed surrender value, death benefit, RMD treatment, annuitization options, waiver riders and free-withdrawal terms. Where the brochure and the rate feed disagree, the brochure wins: it is the filed document. Where neither carries a fact, the page omits it. We do not fill gaps with estimates.

Full methodology →Who publishes this →

See your Farmers Life income projection

Answer a few questions and compare the products that fit you, on today's rates.

Start my comparison Compare Farmers Life →