Safeguard Plus®
Multi-Year Guaranteed Annuity (MYGA)
A simple, guaranteed option for clients seeking fixed growth, tax deferral, and protection from market volatility.
- Guaranteed fixed interest for 3, 5, 7, or 10 years
- No direct market exposure
- Tax-deferred growth
- Strong fit for conservative money
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Why Producers Are Looking at Safeguard Plus
This product may be a strong fit for clients who want predictable growth without market risk, while giving you a straightforward way to position a fixed annuity solution.
Easy to explain to conservative clients: fixed rate, fixed term, tax deferral, and no direct market exposure.
Works well for clients seeking a safer place for a portion of retirement assets while maintaining growth potential over a set time horizon.
A quick illustration can help move the conversation from curiosity to a real recommendation discussion.
Have a client in mind?
We can help you review fit, generate an illustration, and talk through the riders, liquidity, and renewal details.
Product Overview
Safeguard Plus is a single premium-deferred annuity that begins earning a fixed rate of interest immediately upon the contract effective date. It offers 3-, 5-, 7-, or 10-year guarantee periods, tax-deferred growth, and protection from market risk.
Core Product Highlights
- Guaranteed fixed interest for the full guarantee period selected.
- Protection from market risk — principal and credited interest are not subject to market fluctuations.
- Tax-deferred growth — interest compounds over time and taxes are deferred until withdrawal.
- Single premium design with qualified and non-qualified funding options.
- Annuitization option available beginning at the first contract anniversary.
- Free look period of 30 days or longer as required by state law.
Issue Ages & Eligibility
Interest rates are subject to change. Annuity contracts and features may vary by state and may not be available in all states.
Safeguard Plus may fit clients looking for a straightforward way to safely grow savings on a tax-deferred basis with a guaranteed fixed rate over a pre-determined period of time.
Optional Rider Snapshot
Optional riders are available at the time of application. Multiple riders may be elected, but only one withdrawal provision may be elected on a contract.
Access the greater of 5% of contract value as of the last contract anniversary or the required minimum distribution (RMD), without surrender charges or MVA.
Access the greater of accumulated interest earned in a contract year or the required minimum distribution (RMD), without surrender charges or MVA. Accumulated interest resets to zero on each policy anniversary.
Provides access to account value without surrender charges or MVA if diagnosed with a terminal illness or after at least 90 days of confinement in a qualified nursing care facility.
The death benefit equals the Accumulation Value, defined as initial premium plus interest credited less deductions for prior partial surrenders.
Election of optional riders may reduce crediting rates. The fact sheet states the crediting rate is reduced 0.10% when the 5% Free Withdrawal Rider, Earned Interest Withdrawal Rider, or Enhanced Benefit Rider is elected, and reduced 0.25% if the Death Benefit Rider is elected.
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Call us to talk through client fit, rider tradeoffs, and where this MYGA may work best.
Product Resources
Download the Farmers Safeguard Plus materials below.
Product materials are for informational use. Rates, riders, features, and availability may vary by state and are subject to change.
Ready to Offer Safeguard Plus?
Request an illustration, talk with our team, or move forward with contracting if you’re ready to offer this MYGA.