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.
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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