Farmers Harvest 7
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Highlights
The Farmers Harvest is an individual modified single premium fixed indexed annuity (FIA) that offers
- An opportunity to protect and grow your nest egg;
Keep your retirement savings protected from market downturns while enjoying the ability to continue accumulating funds tax deferred as you approach retirement. - Protection from unexpected retirement expenses;
Customize the product by purchasing optional benefit riders to have more flexibility over when and how your funds are available to you as life unfolds. - Diversification through various index options; and
With a number of indices and crediting strategies available, you can allocate premiums to capture interest credits in varying market environments. - The ability to generate an income you cannot outlive.
Through annuitization, you can create a stream of “paychecks” that makes it easier to meet your basic retirement needs and increase your confidence in the future.
Several product variations will be offered based on the length of the surrender charge period and the election of optional benefit riders. Three surrender charge periods will be offered (5, 7, and 10-years) along with the following optional benefit riders.
- Premium Bonus Rider
- Enhanced Death Benefit Rider
- Enhanced Liquidity Rider
- Enhanced Benefit Rider (Terminal Illness/Confinement Waiver of Surrender Charges).
Available in states:
AL, AK, AZ, AR, GA, IN, IA, LA, MA, MS, MO, NE, NV, NM, ND, OH, OK, PA, TN, TX, WV, and WY
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
7 Years |
|
Surrender schedule
|
9%8%7%6%5%4%3% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$10,000 |
|
Types of funds
|
Non-Qualified, IRA, Spousal IRA, IRA Rollover, IRA Transfer, IRA-Roth, SIMPLE IRA, 1035 Exchange, and TSP |
Brochure
|
Open brochure |
Find out if the Farmers Harvest 7 is the right product for you.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.5%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
11%
Cap
|
| 1-Year S&P 500 PTP Enhanced Cap |
Point to Point
Annual
|
13%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
| 1-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Annual
|
60%
Participation
|
| 1-Year S&P U.S. Dividend Growers VA RC2 7.5% PTP Participation Rate |
Point to Point
Annual
|
100%
Participation
|
| 1-Year S&P U.S. Dividend Growers VA RC2 7.5% PTP Enhanced Participation Rate |
Point to Point
Annual
|
120%
Participation
|
| 1-Year Nasdaq-100 Volatility Control 7% PTP Participation Rate |
Point to Point
Annual
|
125%
Participation
|
| 1-Year Nasdaq-100 Volatility Control 7% PTP Enhanced Participation Rate |
Point to Point
Annual
|
150%
Participation
|
| 1-Year Bloomberg Global Momentum Diversified Leaders 5% ER PTP Participation Rate |
Point to Point
Annual
|
150%
Participation
|
| 1-Year Bloomberg Global Momentum Diversified Leaders 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
175%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
No Riders for Farmers Harvest 7 annuity.
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