Ratings last updated July 30, 2026
Farmers Life Insurance Company is an insurance carrier whose annuities appear on AnnuaLife's rate boards. It holds an AM Best financial-strength rating of B++ (Good).
AM Best assigns Farmers Life a financial-strength rating of B++, which sits in its "Good" category. An AM Best rating is an independent opinion of an insurer's ability to meet its ongoing insurance and annuity obligations, its claims-paying ability. It is not a measure of investment performance, and it is not a guarantee. Annuities are backed by the issuing insurer, not the FDIC. A B++ reflects AM Best's assessment that the company has a good ability to meet those obligations, a solid rating that sits one tier below the "Excellent" (A) range. Ratings can change; the rating shown here was last checked July 30, 2026.
Farmers Life lists both multi-year guaranteed annuities (MYGAs) and fixed index annuities (FIAs) on AnnuaLife. The MYGA products link to a full detail page; the fixed index products are covered in our fixed index guide. Rates and caps below are examples as of July 30, 2026 and vary by state.
Multi-year guaranteed annuities
| Product | Term | Rate | Minimum | Details |
|---|---|---|---|---|
| Farmers Safeguard Plus 3 | 3 yr | 5.65% | $10,000 | View |
| Farmers Safeguard Plus 5 | 5 yr | 6.00% | $10,000 | View |
| Farmers Safeguard Plus 7 | 7 yr | 5.95% | $10,000 | View |
| Farmers Safeguard Plus 10 | 10 yr | 6.05% | $10,000 | View |
Fixed index annuities
| Product | Index | Cap | Participation | Minimum |
|---|---|---|---|---|
| Farmers Harvest 10 | S&P 500 annual pt-to-pt | 11.50% | 55% | $10,000 |
| Farmers Harvest 7 | S&P 500 annual pt-to-pt | 11.25% | 55% | $10,000 |
| Farmers Harvest 5 | S&P 500 annual pt-to-pt | 11.00% | 55% | $10,000 |
Fixed index annuities work differently from fixed-rate products. Learn how caps and participation rates shape your return in the fixed index annuity guide.
Sources: NAIC Consumer Information Source, complaint trend report, NAIC Consumer Information Source, licensing. Company facts last checked July 30, 2026.
Farmers Life Insurance Company is an established carrier that lists both multi-year guaranteed annuities and fixed index annuities on our board, its Safeguard Plus and Harvest series. Its MYGA rates are competitive, up to 6.05% on the 10-year at the time of writing, and its FIA caps sit around 11%. All of it comes paired with a B++ ("Good") AM Best rating, one tier below the "Excellent" A-range carriers. That is a tradeoff, not a flaw: you may pick up a little yield versus an A-rated carrier while accepting a rating one notch lower. An advisor can weigh the rate against the rating for your timeline.
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