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Fixed Indexed Annuity

SmartBoost Index Annuity

Farmers Life Insurance Company

8%

Best Cap

7%

Free W/D

49

Jurisdictions

Product data status: May 29, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Live product data

Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.

S&P 500 annual point-to-point cap

8% cap on S&P 500

A focused ten-year accumulation FIA with an S&P 500 cap and a single volatility-controlled alternative index.

1-year termAdvisorWorld + CANNEX data

Best fit

An accumulator who values a simple, two-strategy menu and is comfortable with a ten-year surrender commitment.

AM Best

B++ Good

Surrender period

10 years

Free withdrawal

7%/yr

Availability

49 jurisdictions (excl. California, New York)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

8% cap rate

S&P 500

S&P 500 Index

100% participation rate + 6.5% declared rate

S&P 500

S&P 500 Index

50% participation rate

Fixed Account

Fixed Account

4.5% declared rate

+ 1 volatility-controlled index option (S&P 500)

Product analyst notes

How to think about this contract

Why it can stand out

  • Ten-year accumulation chassis pairs the recognizable S&P 500 with the S&P 500 Dynamic Intraday TCA alternative in a focused two-index menu.
  • Available across 49 jurisdictions.
  • Straight accumulation design — no premium bonus, no optional rider, no rider fee — keeping the contract mechanics simple.

What to confirm

  • Dynamic Intraday TCA is a volatility-controlled excess-return index — its participation rate is not directly comparable to an S&P 500 cap; the engineering reduces both upside and downside.
  • Ten-year surrender ladder; verify the free-withdrawal terms before committing illiquid capital.
  • Accumulation chassis only — no optional income rider; not a fit if lifetime-income guarantees are the goal.

Not ideal for

A buyer who wants a broader index menu, an upfront premium bonus, or lifetime-income guarantees from a rider.

All crediting strategies

View rate listings (10 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 100% + Fixed: 6.5% · 1-yr

S&P 500 Index

trigger

10-yr surrender

Par: 70% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

participation

10-yr surrender

Par: 50% · 1-yr

S&P 500 Index

participation

10-yr surrender

Cap: 8% · 1-yr

S&P 500 Index

cap

10-yr surrender

Fixed: 4.5% · 1-yr

Fixed Account

fixed

10-yr surrender

Par: 100% + Fixed: 6.5% · 1-yr

S&P 500 Index

Par: 70% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

Par: 50% · 1-yr

S&P 500 Index

Cap: 8% · 1-yr

S&P 500 Index

Fixed: 4.5% · 1-yr

Fixed Account

Income riders

Accumulation-focused — no income rider

This contract is designed for tax-deferred accumulation, not guaranteed lifetime income. No GLWB rider was returned because none is part of the contract design — compare against other accumulation FIAs on cap, participation rate, and surrender terms rather than lifetime income.

Key Features

Free withdrawal

7%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

2

Nursing home waiver, Terminal illness waiver

Death benefit

Standard Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Strategy guarantee

Minimum guaranteed cap: 1.00%

Strategy guarantee

Minimum guaranteed declared rate: 1.00%

Strategy guarantee

Guaranteed minimum interest rate (fixed): 1.00%

Annuitization options

Single and joint

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

9%

Yr 2

8%

Yr 3

7%

Yr 4

6.5%

Yr 5

5.5%

Yr 6

4.5%

Yr 7

3.5%

Yr 8

2.5%

Yr 9

1.5%

Yr 10

0.5%

After

0%

Nursing home waiver, Terminal illness waiver, Surrender waivers

Documents

product guide

ET-SMB-BR-1102-2.PDF

Confidence: highReviewed Apr 7, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestB++
S&PA-
S&PA-

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

SmartBoost Index Annuity currently shows 5 distinct indexed or fixed crediting choices across 10 current rate listings, including S&P 500 Index and S&P 500 Dynamic Intraday TCA Index (USD) ER. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 8% cap
  • S&P 500 Index: 100% participation
  • S&P 500 Dynamic Intraday TCA Index (USD) ER: 70% participation

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 7%/yr free withdrawal
  • 10 surrender years
  • Nursing home waiver
  • Terminal illness waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as ET-SMB-BR-1102-2.PDF help explain the contract language behind the data on this page; the latest document activity we see is Apr 8, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

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