485BPOS 1 485bfvuli.htm
As filed with the Securities and Exchange Commission on April 30, 2026
Registration Nos. 333-84023; 811-09507

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 
FORM N-6

 
REGISTRATION STATEMENT
UNDER
 
THE SECURITIES ACT OF 1933
  
 
Pre-Effective Amendment No.
☐
 
Post-Effective Amendment No. 30
☒
and/or
REGISTRATION STATEMENT
UNDER
 
THE INVESTMENT COMPANY ACT OF 1940
  
 
Amendment No. 58
☒

 
FARMERS VARIABLE LIFE SEPARATE ACCOUNT A
(Exact Name of Registrant)

 
FARMERS NEW WORLD LIFE INSURANCE COMPANY
(Name of Depositor)
12822 SE 32nd Street, Suite 2, Bellevue, Washington 98005
(Address of Depositor’s Principal Executive Offices)
1-800-238-9671
(Depositor’s Telephone Number)
Tina de Jong
Managing Corporate Counsel and Corporate Secretary
Farmers New World Life Insurance Company
12822 SE 32nd Street, Suite 2
Bellevue, Washington 98005
(Name and Address of Agent for Service)

 
Approximate date of proposed public offering: Continuous
It is proposed that this filing will become effective (check appropriate box):

 ☐
immediately upon filing pursuant to paragraph (b) of Rule 485

☒
on May 1, 2026 pursuant to paragraph (b) of Rule 485

☐
60 days after filing pursuant to paragraph (a)(1) of Rule 485

☐
on (date) pursuant to paragraph (a)(1) of Rule 485
If appropriate, check the following box:

 ☐
this post-effective amendment designates a new effective date for a previously-filed post-effective amendment.

 

 

Prospectus
May 1, 2026
Farmers® Variable Universal Life
A Flexible Premium Variable Universal Life Insurance Policy
ISSUED THROUGH:
Farmers Variable Life Separate Account A
BY
Farmers New World Life Insurance Company
 
This prospectus describes the Farmers® Variable Universal Life, an individual flexible premium variable life insurance policy, (the “Policy”) issued by Farmers New World Life Insurance Company. The Policy provides life insurance, with a life insurance benefit (the Death Benefit Proceeds) payable on the Insured’s life if the Insured dies while the Policy is in force. The amount of life insurance, may increase or decrease, depending on the number of years the Policy is in force and the investment experience of the Subaccounts of the Farmers Variable Life Separate Account A (the “Variable Account”) in which you invest. You choose one of two death benefit options. This Policy is currently not being issued.
This prospectus provides basic information that you should know before investing. You should keep this prospectus for future reference. Additional information about certain investment products, including variable life insurance, has been prepared by the Securities and Exchange Commission’s staff and is available at www.investor.gov.
 
Replacing your existing life insurance with this Policy may not be to your advantage. In addition, it may not be to your advantage to finance the purchase of or to maintain this Policy through a loan or through Surrenders or partial Surrenders from another policy.
An investment in this Policy is not a bank deposit, and the Policy is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Investing in this Policy involves risk, including possible loss of Premiums. Please read the “Policy Risks” section of this prospectus. It describes some of the risks associated with investing in the Policy.


















 
The Securities and Exchange Commission has not approved or disapproved this Policy or determined
that this prospectus is accurate or complete.
Anyone who tells you otherwise is committing a federal crime.
 



Not FDIC Insured
 
May Lose Value
 
No Bank Guarantee

Table of Contents

 

 
 
   
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A-1
B-1
C-1
 
Glossary

 

 
For your convenience, we are providing a glossary of the special terms we use in this prospectus.
 
Accelerated Benefit for Terminal Illness Insured
(as the term is used in the Accelerated Benefit Rider for Terminal Illness). The Primary Proposed Insured named on the application for life insurance under the policy. No other Insured covered under the Policy or its riders is included as an Accelerated Benefit for Terminal Illness Insured. Subject to this definition, the Accelerated Benefit for Terminal Illness Insured is sometimes referred to as the “Insured” in this rider.
Accumulation Unit Value
An accounting unit used to calculate the variable account value. It is a measure of the net investment results of each of the variable Subaccounts.
Attained Age
The Insured’s age on the issue date plus the number of years completed since the issue date.
Beneficiary
The beneficiary is the person or persons named to receive the proceeds at the insured’s death. The beneficiary is as named in the application or as changed by the owner’s signed request while the insured is living.
Benefit Amount
(as the term is used in the Accelerated Benefit Rider for Terminal Illness). The Accelerated Benefit for Terminal Illness amount payable under the rider, as specified in the Benefits section of this rider.
Benefit Percentage
(as the term is used in the Accelerated Benefit Rider for Terminal Illness). The Benefit Percentage is:

 1.
The Benefit Amount before any adjustments and deductions, divided by

2.
The current death benefit provided by the Policy excluding any attached riders.
Business Day/Valuation Day
Each day on which the New York Stock Exchange (“NYSE”) is open for business. Farmers New World Life Insurance Company is open to administer the policy on each day that NYSE is open for regular trading. When we use the term “Business Day” in this statement of additional information, it has the same meaning as the term “Valuation Day” found in the Policy.
Cash Value
The Contract Value minus any applicable Surrender charge.
Company (we, us, our, Farmers, FNWL)
Farmers New World Life Insurance Company
Contract Value
The sum of the values you have in the variable account plus the fixed account and the loan account.
Cumulative Minimum Premiums
The sum of all monthly-mode minimum premiums due since the issue date. The initial minimum premium is specified on the Policy specifications page. The minimum premium will change if you increase or decrease the principal sum or if certain other changes in the Policy occur.
Death Benefit Proceeds
If the insured dies while the Policy is in force, we will pay the proceeds to the beneficiary on receipt of due proof of death. The amount payable is: 1) the death benefit then in effect; less 2) any monthly deductions due and unpaid at the date of death; less 3) any loans and accrued loan interest; plus 4) the amounts to be paid under the terms of any attached riders.
Diagnosis
(as the term is used in the Accelerated Benefit Rider for Terminal Illness). The definitive establishment, acceptable to us, of a Terminal Illness through the use of clinical and/or laboratory findings and subject to the terms and conditions of the rider. The Diagnosis must be made by a Physician as defined in the rider.
Fixed Account
An account that is part of our general account, and is not part of or dependent on the investment performance of the variable account.
Fixed Account Value
The portion of the contract value allocated to the fixed account.
Fund(s)
Investment companies that are registered with the SEC. The Policy allows you to invest in the portfolios of the Funds that are listed in Appendix A of the Prospectus.
General Account
The account containing all of Farmers’ assets, other than those held in its separate accounts.
Home Office
The address of our Home Office is 12822 SE 32nd Street, Suite 2, Bellevue, Washington 98005.
Initial Premium
The amount you must pay before insurance coverage begins under the Policy. The Initial Premium is shown on your Policy’s specification page.
Insured
The person whose life is insured by the Policy.
Issue Age
The Insured’s age as of the last birthday before the issue date.
Issue Date
The effective date for coverage. Policy months, years, and anniversaries are measured from the issue date. The initial premium (times the percent of premium factor) is allocated to the fixed account on the issue date. The first monthly deduction occurs on the issue date. The entire contract value remains allocated to the fixed account until the reallocation date.
Lapse
If the surrender value becomes zero, the policy will enter a 61-day grace period unless cumulative premiums less withdrawals exceed cumulative minimum premiums. If cumulative premiums less withdrawals exceed cumulative minimum premiums, the policy will enter the 61-day grace period when the contract value minus any outstanding policy loan and accrued loan interest is insufficient to pay the entire monthly deduction due. At the end of the grace period the policy will terminate without value unless a premium payment or loan repayment is made and is sufficient to cause either one of the following conditions: 1) The surrender value exceeds zero, after deducting all due and unpaid monthly deductions; or 2) Both of the following occur: a) cumulative premiums less withdrawals exceed cumulative minimum premiums; and b) the contract value minus any outstanding policy loan and accrued loan interest exceeds zero, after deducting all due and unpaid monthly deductions.
Loan Amount
While the Policy is in force, you may make a loan for all or part of the loan value. You must assign the Policy to us as sole security. An amount equal to the loan will be transferred from the Subaccounts and the fixed account to the loan account. The loan account is part of our general account. If allocation instructions are not specified in your loan request, the loan will be withdrawn from the Subaccounts and the fixed account on a pro-rata basis.
Major Organs
(as the term is used in the Accelerated Benefit Rider for Terminal Illness). Human bone marrow or an entire human heart, kidney, lung, pancreas or liver.
Maturity Date
The Maturity Date of the Policy is the Policy anniversary when the Insured’s Attained Age is 110. The maturity date is shown on the Policy Specifications page. If the Policy is in force on the Maturity Date we will send you the Surrender Value and all coverage will end.
Monthly Deduction
The amount deducted from the contract value each month to pay for the insurance coverage. This includes the monthly cost of insurance charge and any monthly administration charge. The monthly deduction for the policy and the riders are separate deductions. The first monthly deduction occurs on the issue date.
Monthly Due Date
The day of each month on which policy charges are determined and deducted. The monthly due date is shown on the Policy Specification page.
NYSE
The New York Stock Exchange
Percent of Premium Factor
The factor multiplied by all premium payments to determine the amount of premium credited to the contract value. This factor is shown on the Policy Specifications page.
Physician
(as the term is used in the Accelerated Benefit Rider for Terminal Illness). A licensed Doctor of Medicine (M.D.) or Doctor of Osteopathy (D.O.), practicing within the scope of his or her license issued by the jurisdiction in which such person’s services are rendered. Such jurisdiction must be within the United States of America or its territories.
The Physician may not be:

 1.
The Insured;

2.
The Policy Owner;

3.
A Family Member;

4.
A person who practices in the same medical group as the Insured, Policy Owner, or a Family Member;

5.
A business partner of the Insured, Policy Owner, or a Family Member;

6.
A person living at the same address as the Insured, Policy Owner, or a Family Member.
Portfolio
A series of a Fund with its own objectives and policies, which represents shares of beneficial interest in a separate portfolio of securities and other assets. Portfolio is sometimes referred to herein as a Fund.
Premium Class
A classification that affects the cost of insurance rate and the premium required to insure an individual.
Premiums
All payments you make under the Policy other than loan repayments. When we use the term “premium” in the Prospectus, it generally has the same meaning as “net premium” in the Policy, and means a premium multiplied by the percent of premium factor.
Principal Sum
The amount of initial death benefit shown on the Policy Specifications page. You may increase or decrease the principal sum, subject to certain conditions. The actual death benefit proceeds paid may be more or less than the principal sum.
Reallocation Date
The date the contract value in the fixed account is allocated to the Subaccounts and to the fixed account based on the premium payment allocation percentages specified in the application. The reallocation date is the record date plus the number of days in your state’s right to examine period, plus 10 days.
Record Date
The date we record your Policy on our books as an in force policy.
Right to Examine Period
You may cancel the Policy at any time within 10 days after you receive it be delivering or mailing it to our Home Office. This shall void the Policy from the beginning and the parties shall be in the same positions as if no Policy had been issued. We will refund the greater of all premiums you paid for the Policy or the contract value on the date we receive the returned Policy at our Home Office.
Service Center
The address of the Service Center is P.O. Box 724208, Atlanta, GA 31139. Infosys McCamish Systems, L.L.C. is the administrator of the Policy. You can call the Service Center toll free at 1-877-376-8008.
Subaccount
A division of the variable account. The assets of each Subaccount are invested in a corresponding portfolio of a designated mutual fund.
Surrender
To cancel the Policy by signed request from the owner.
Surrender Value
The cash value minus any outstanding policy loan and accrued loan interest.
Tax Code
The Internal Revenue Code of 1986, as amended.
Terminal Illness
(as the term is used in the Accelerated Benefit Rider for Terminal Illness). A medical condition that with reasonable medical certainty will result in the Insured’s death within 12 months from the date of the Physician’s Statement, regardless of any medical treatment the Insured receives, or a condition that requires a Major Organ transplant to prevent the Insured’s death within the next 12 months.
Valuation Period
The interval of time commencing at the close of normal trading on the New York Stock Exchange on one valuation day and ending at the close of normal trading on the New York Stock Exchange on the next succeeding valuation day.
Variable Account
The variable account is named on the Policy Specifications page. The variable account is not part of our general account. The variable account has subaccounts, each of which is invested in a corresponding portfolio of a designated mutual fund.
Written Notice
The written notice you must sign and send us to request or exercise your rights as Owner under the Policy. To be complete, it must: (1) be in a form we accept, (2) contain the information and documentation that we determine is necessary, and (3) be received at our Service Center.
You (your, Owner)
The person entitled to exercise all rights as Owner under the Policy.
Key Information

 

 
Important Information You Should Consider About the Contract
 
FEES AND EXPENSES
Charges for Early Withdrawal
There are surrender charges assessed if, during the first 14 Policy years, you: 1) fully surrender the Policy, 2) take a partial withdrawal from your Policy, if you have elected a level death benefit (Option B), or 3) you decrease the Principal Sum that was in effect at the time of issue. The amount of the charge depends on the age of the insured person and other factors, but the maximum charge is $75 per $1000 of Premiums paid. For example, if the amount of Premiums paid is $100,000, the highest possible surrender charge would be $7,500.
 
See “Charges and Deductions – Surrender Charge.”
Transaction Charges
In addition to surrender charges (if applicable), you may also be charged for the following transactions:
 
• A premium expense charge will be deducted upon the payment of each premium.
 
• A partial surrender processing fee will be deducted upon any partial surrender.
 
• A transfer fee may be deducted upon transfers into or out of a variable subaccount (or the fixed account) after you have made more than 12 such transfers in a year.
 
• A fee may be charged upon request for an additional annual report.
 
See “Charges and Deductions.”
Ongoing Fees and Expenses (annual charges)
In addition to surrender charges and transaction charges, you will also be subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance under the Policy and the cost of optional benefits under the Policy. Some of these fees and expenses are based wholly or in part on the characteristics of the insured person (e.g., age, sex, and underwriting classification). You should view the policy specifications page of your Policy for rates applicable to your Policy.
 
See “Charges and Deductions.”
 
You will also bear expenses associated with the underlying portfolios under the Policy, as shown in the following table:
 
 
 
Annual Fee
Minimum
Maximum
 
 
 
Investment options (Portfolio fees and expenses)*
 
0.19%
 
1.37%
 
   
* As a percentage of Portfolio net assets.
 
See “Appendix A: Portfolios Available Under the Policy.”
 
 
RISKS
Risk of Loss
You can lose money by investing in the Policy.
 
See “Principal Policy Risks.”
Not a Short-Term Investment
The Policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash. The Policy is unsuitable as a short-term savings vehicle because of the substantial policy-level charges, including the premium expense charge and the surrender charge, as well as potential adverse tax consequences from such short-term use.
 
See “Principal Policy Risks – Effects of Surrender Charges.”
Risks Associated
with Investment
Options
An investment in the Policy is subject to the risk of poor performance and can vary depending on the performance of the Subaccount allocation options available under the Policy (i.e., Portfolios). Each such option (as well as the Fixed Account) will have its own unique risks, and you should review these options before making an allocation decision.
 
See “Principal Policy Risks – Risk of Poor Investment Performance.”
Insurance
Company Risks
Your investment in the policy is subject to risks related to Farmers New World Life Insurance Company (“Farmers”), including that the obligations (including under the Fixed Account option), guarantees, or benefits are subject to the claims-paying ability of Farmers. Information about Farmers, including its financial strength ratings, is available upon request from your Farmers representative. Our current financial strength ratings can also be obtained at www.ambest.com.
 
See “Farmers New World Life Insurance Company and Fixed Account – Farmers New World Life Insurance Company.”
Contract Lapse
The Policy may lapse as a result of insufficient premium payments, poor performance of the variable Subaccounts and/or Fixed Account you have chosen, withdrawals, or unpaid loans or loan interest. If a default is not cured within a 61-day grace period, your policy will lapse without value, and no death benefit or other benefits will be payable. You can apply to reinstate a policy that has gone into default, subject to conditions including payment of a specified amount of additional premiums.
 
See “Policy Lapse and Reinstatement.”
RESTRICTIONS
Investments
There are limitations on the transfer of Policy value among investment options (i.e., Subaccounts and the Fixed Account). These restrictions include an annual limit on the number of free transfers you may make, and a charge for transfers in excess of that limit, as well as a minimum dollar amount for transfers. We also impose additional restrictions to discourage market timing and disruptive trading activity.
 
See “Transfers.”
 
The Policy also allows us to eliminate the shares of a Portfolio or class of Portfolio shares, or to substitute shares of another new or existing Portfolio, subject to applicable legal requirements.
 
See “The Variable Account and the Portfolios.”
Optional Benefits
There are restrictions and limitations relating to supplemental benefits (riders) offered under the Policy, as well as conditions under which a supplemental benefit may be modified or terminated by us. For example, certain supplemental benefits may be subject to underwriting, and your election of an option may result in restrictions on certain policy benefits.
 
See “Other Benefits Available Under the Policy.”
 
 
TAXES
Tax Implications
You should consult with a tax professional to determine the tax implications of an investment in and payments received under the Policy. There is no additional tax benefit to you if the policy is purchased through a tax-qualified plan. If we pay out any amount of your policy value upon surrender or partial withdrawal, all or part of that distribution would generally be treated as a return of the premiums you’ve paid and not subjected to income tax, unless the Policy is a Modified Endowment Policy in which case to the extent there are earnings in the contract, they will be treated as being distributed first and subject to tax. Any portion not treated as a return of your premiums is includible in your income. The taxable portion of distributions also is subject to tax penalties under some circumstances.
 
See “Federal Tax Considerations.”
CONFLICTS OF INTEREST
Investment Professional Compensation
The Policy is currently not being issued, however, some investment professionals may receive compensation in connection with additional Premiums in an outstanding Policy, including by means of commissions, and may have a financial incentive to recommend such additional premiums over another investment.
 
See “Additional Information.”
Exchanges
Some investment professionals may have a financial incentive to offer you a new policy in place of the one you already own, and you should only exchange your policy if you determine, after comparing the features, fees, and risks of both policies, that it is preferable for you to purchase the new policy rather than continue to own the existing policy.
 
See “The Policy – Tax-Free“Section 1035” Exchanges.”
 
Overview of the Contract

 

 
The Policy is currently not available for sale.
Purpose
The purpose of the Policy is to provide lifetime insurance protection, with a death benefit payable if the insured dies while the Policy is in effect. The Policy gives you the potential for long-term life insurance coverage with the opportunity for tax-deferred cash value accumulation. The Policy may be appropriate for persons seeking both life insurance protection and the potential for the accumulation of cash values.
Premiums
You can vary the frequency and amount of premiums subject to certain limitations discussed in the Premium Flexibility section of this Prospectus. You may be able to skip premium payments under certain circumstances. However, you greatly increase your risk of Lapse if you do not regularly pay premiums at least as large as the current minimum premium. After you pay an Initial Premium, you can pay subsequent Premiums (minimum $25) at any time.
You may allocate premiums to one or more Subaccounts of the Variable Account. Each Subaccount invests exclusively in one of the Portfolios listed in “Appendix A: Portfolios Available Under the Policy.” Investment returns from amounts allocated to the Subaccounts will vary each day with the investment experience of these Subaccounts. You may also allocate premiums to the Fixed Account where we guarantee that it will earn interest at an annual rate of at least 3%. We may declare higher rates of interest, but are not obligated to do so.
Policy Features
Death Benefit
As long as the Policy remains in force, we will pay a death benefit payment to the Beneficiary upon the death of the Insured. You must choose one of two death benefit options under the Policy.

 ◾
Option A is a variable death benefit through Attained Age 99 that is the greater of:

¡ 
the Principal Sum plus the Contract Value on the date of death; or

¡  
the Contract Value multiplied by the applicable death benefit percentage.

◾
Option B is a level death benefit through Attained Age 99 that is the greater of:

¡ 
the Principal Sum on the date of death; or

¡  
the Contract Value multiplied by the applicable death benefit percentage.
Any Death Benefit Proceeds paid will be increased by any additional insurance benefits that are payable under the terms of any riders you added to the Policy, and will be reduced by the amount of any outstanding Loan Amount (and any interest you owe) and any due and unpaid Monthly Deductions.
Change in Death Benefit Option and Principal Sum. After the first Policy year, you may change the death benefit option or increase or decrease the Principal Sum once each Policy year if the Insured provides evidence of insurability satisfactory to us (but you may not change both the death benefit option and Principal Sum during the same Policy year unless done simultaneously). Surrender charges may apply. A change in death benefit option or Principal Sum may have tax consequences
Surrender and Withdrawals
Surrender. At any time while the Policy is in force, you may submit a written request to Surrender your Policy and receive the Surrender Value (that is, the Contract Value minus any Surrender charge, and minus any outstanding Loan Amount and any interest you owe). A Surrender may have tax consequences.
Partial Withdrawals. After the first Policy year, you may submit a written request to withdraw part of the Surrender Value, subject to the following rules. Withdrawals may have tax consequences.

 ◾
You may make only 1 withdrawal each calendar quarter.

◾
You must request at least $500.

◾
You may not request more than 75% of the Surrender Value.

◾
For each withdrawal, we deduct a processing fee equal to the lesser of $25 or 2% of the withdrawal.

◾
In addition, Surrender charges may apply to the withdrawal if you have selected a level death benefit (Option B).
 

 ◾
If you select a level death benefit (Option B), the Principal Sum will be reduced by the amount of the partial withdrawal (but not by any Surrender charges or the processing fee).
See “Full and Partial Surrenders.”
Loans
You may take a loan against the Policy, unless it is a Modified Endowment Contract, for amounts up to the Surrender Value, as calculated at the end of the Business Day on which we receive your signed request at the Service Center, minus the loan interest you would have to pay by the next Policy anniversary. To secure the loan, we transfer an amount equal to the loan from the Subaccounts and Fixed Account to the loan account (part of our General Account). Unless you specify otherwise, the amount is withdrawn from the Subaccounts and the Fixed Account on a pro-rata basis. Amounts in the loan account earn interest at the guaranteed minimum rate of 3% per year, compounded annually. During the first fourteen Policy years, we currently charge you interest at 4.5% per year, compounded annually, with a maximum loan interest rate of 8% per year on your loan. After the fourteenth Policy year, the maximum loan interest rate is 3%, compounded annually. Interest is charged daily, and is due and payable at the end of each Policy year, or date of any Policy loan increases or repayment, if earlier. Unpaid interest becomes part of the outstanding loan and accrues interest daily. You may repay all or part of your outstanding loans at any time. Loan repayments must be at least $25, and must be clearly marked as “loan repayments” or they will be credited as Premiums. We deduct any unpaid loans, plus any interest you owe, from the proceeds payable on the Insured’s death. A loan may have adverse tax consequences.
Supplemental Benefits (Riders)
The Policy offers the following riders that provide supplemental benefits under the Policy.

 ◾
Accelerated Benefit Rider for Terminal Illness

◾
Accidental Death Benefit Rider

◾
Automatic Increase Benefit

◾
Children’s Term Rider

◾
Additional Insured Term Rider

◾
Waiver of Deduction Rider

◾
Monthly Disability Benefit Rider (not available under Policies issued after August 7, 2015)
Additional fees are charged for certain riders. See “Other Benefits Available Under the Policy.”
 
Fee Table

 

 
The following tables describe the fees and charges that you will pay when buying, owning, and surrendering or making withdrawals from the Policy. Please refer to your Policy specifications page for information about the specific fees you will pay each year based on the options you have elected.
The first table describes the fees and expenses that you will pay at the time that you buy the Policy, surrender or make withdrawals from the Policy, or transfer cash value between investment options.
 
Transaction Fees
Charge
 
 
When Charge is Deducted
 
Amount Deducted
 
Guaranteed
Maximum Charge
 
Current Charge
 
Sales Expense
Upon payment of each premium
1.25%
1.25%
Premium Taxes
Upon payment of each premium
2.25%
2.25%
Surrender Charge
Upon full Surrender of the Policy during first 14 Policy years
 
 
1. Maximum Deferred Sales Charge (Load)1
 
 
 
(Per $1,000 of Premiums Paid)
 
 
 
 
 
 
 
◆ Minimum Charge in Policy Year 12
 
$50
$50
 
 
 
 
◆ Maximum Charge in Policy Year 13
 
$75
$75
 
 
 
 
◆ Charge in Policy year 1 for an Insured younger than age 66 on the issue date
  
$75
$75
 

1 
The Surrender charge is equal to: (a) + (b), where (a) is the deferred sales charge component; and (b) is the administrative component. The deferred sales charge component of the Surrender charge is assessed on the sum of all Premiums paid under the Policy. The administrative component of the Surrender charge is based upon the Issue Age, gender and Premium Class of the Insured and number of full Policy years since the issue date. The Surrender charge for an Insured with an Issue Age 65 or younger is level for 5 Policy years, then declines each year until it reaches zero in Policy year 15. For Insureds with an Issue Age greater than 65, the charge begins to decline in the 4th Policy year. The Surrender charges shown in the table may not be typical of the charges you will pay. You can obtain more detailed information about the Surrender charges that apply to you by contacting your agent and by referring to the Surrender charge tables in this prospectus.
2 
The minimum deferred sales charge is based on an Insured who is older than 65 at issue.
3 
The maximum deferred sales charge is based on an Insured who is younger than 66 at issue.
 
 
       
Transaction Fees
Charge
 
When Charge is Deducted
 
Amount Deducted
 
Guaranteed
Maximum Charge
 
Current Charge
 
2. Administrative Component4:
Upon full Surrender of the Policy, upon a decrease in Principal Sum7, and/or upon certain partial withdrawals8, during first 14 Policy years
 
 
(Per $1,000 of Principal Sum Surrendered or decreased)
 
 
 
 
 
 
 
◆ Minimum Charge in Policy year 15
 
$5.32
$5.32
 
 
 
 
◆ Maximum Charge in Policy year 16
 
$17.70
$17.70
 
 
 
 
◆ Charge during Policy years 1-5 for a Policy insuring a male, Issue Age 32, who is a preferred or standard non-nicotine Premium Class
  
$5.98
$5.98
Partial Withdrawal Charge
Upon cash withdrawal
2.0% of the amount
withdrawn, not to
exceed $25
2.0% of the amount withdrawn, not to exceed $25
Transfer Charge
Upon transfer
First 12 transfers in a Policy year are free, $25 for each subsequent transfer
First 12 transfers in a Policy year are free, $25 for each subsequent transfer
Increase in Principal Sum Charge
Upon increase in Principal
Sum
$300
$1.50 per $1000 of Principal Sum increase
Additional Annual Report Fee
Upon request for additional annual report
$5
$5
The next table describes the fees and expenses that you will pay periodically during the time that you own the Policy, not including Portfolio Company fees and expenses.
 

4 
The administrative component of the Surrender charge is calculated by multiplying the appropriate Surrender charge factor from the tables in Appendix C by the number of thousands of Principal Sum being Surrendered or decreased.
5 
The minimum charge is based on a female Insured younger than age 11.
6 
The maximum charge is based on a male Insured in either the nicotine or non-nicotine standard class who is 66 or older at issue.
7 
Only a decrease in the Principal Sum in effect on the issue date incurs a charge. If you decrease the Principal Sum that was in effect on the issue date, we will assess the administrative component of the Surrender charge on the amount of the decrease in the Principal Sum.
8 
If the level death benefit (Option B) is in effect and you make a partial withdrawal during the first 14 Policy years, your Policy’s Principal Sum will be reduced by the amount of the withdrawal and we will assess the administrative component of the Surrender charge on this reduction.
 
 
Periodic Charges Other Than Annual Portfolio Company Expenses
Charge
 
 
When Charge is Deducted
 
Amount Deducted
 
Guaranteed
Maximum Charge
 
Current Charge
 
Base Contract Charge:
      
Cost of Insurance9 (No Special Premium Class Charge or Extra Ratings)10
Monthly on the Issue Date
and on each Monthly Due
date
Per $1,000 of Risk Insurance Amount13
Per $1,000 of Risk Insurance Amount
 
 
 
 
◆ Minimum Charge11
 
$0.06
$0.06
 
 
 
 
◆ Maximum Charge12
 
$83.07
$41.82
 
 
 
 
◆ Charge for a Policy insuring a male, Issue Age 32, in the standard non-nicotine Premium Class, in Policy year 4
  
$0.15
$0.15
Monthly Special Premium Class Charge14
Monthly on the issue date and on each Monthly Due Date
Factor multiplied by Cost of Insurance Charge
Factor multiplied by Cost of Insurance Charge
 
 
 
 
◆ Minimum Charge
 
1
1
 
 
 
 
◆ Maximum Charge
  
5
5
Mortality and Expense Risk Fees
(As an annualized percentage of daily net assets in each Subaccount)
Daily
0.90% (on an annual basis) of daily net assets in each Subaccount in which you are invested
0.90% (on an annual basis) of daily net assets in each Subaccount in which you are invested
Administrative Expenses
Monthly on the Issue Date
and on each monthly due
date
$8.00
$5.00
 

9 
Cost of insurance charges are based on the Insured’s Issue Age, sex, and Premium Class, the Risk Insurance Amount and the number of months since the issue date. The cost of insurance charge rate you pay increases annually with the age of the Insured. The current cost of insurance rates generally increase significantly on the earlier of the 21st Policy year or the Insured’s age 80. The cost of insurance charges shown in the table may not be representative of the charges you will pay. Your Policy will indicate the guaranteed maximum cost of insurance charge applicable to your Policy. You can obtain more information about your cost of insurance charges by contacting your agent.
10 
Special Premium Class charges and extra ratings are additional charges assessed on policies insuring individuals considered to have higher mortality risks based on our underwriting standards and guidelines.
11 
The minimum guaranteed charge is based on a female Insured, Attained Age 10. The minimum current charge is based on a female Insured, Issue Age 5 in Policy year 6.
12 
This maximum charge is based on a male non-smoker Insured, Attained Age 99. This maximum charge will be higher for a Policy if it has a special Premium Class rating and/or a flat extra monthly charge.
13 
The Risk Insurance Amount equals the death benefit on a Monthly Due Date, minus the Contract Value at the end of the Business Day preceding the Monthly Due Date, plus all other charges that are due on the Monthly Due Date.
14 
If the Insured is in a special Premium Class, the cost of insurance charge will be the base rate times a special premium rating factor shown on the Policy’s specifications page. The monthly special Premium Class charge shown in the table may not be representative of any charge you may pay. If a monthly special Premium Class charge applies to your Policy, the charge will be shown on the Policy’s specifications page. You can obtain more information about the charge by contacting your agent.
 
 
Periodic Charges Other Than Annual Portfolio Company Expenses
Charge
 
When Charge is Deducted
 
Amount Deducted
 
Guaranteed
Maximum Charge
 
Current Charge
 
Flat Extra Monthly Charge15
Monthly on the issue date
and on each monthly due date
    
(Per $1,000 of Risk Insurance Amount each month)
 
 
 
 
 
 
 
◆ Minimum Charge
 
$0
$0
 
 
 
 
◆ Maximum Charge
 
$1,000
$25.00
 
 
 
 
◆ Charge for an Insured in a standard Premium Class
  
$0
$0
Loan Interest Spread16
At the end of each Policy
year
5.0% annually of amount in the loan account during the first 14 Policy years
1.5% annually of amount in loan account during the first 14 Policy years
Optional Benefit Charges17:
  
Accelerated Death Benefit Rider18,19
When a benefit is paid under this rider
Charge per $1,000 of the amount of death benefit accelerated plus the actuarial discount
Charge per $1,000 of the amount of death benefit accelerated plus the actuarial discount
Accelerated Death Benefit Rider for Terminal Illness20
When a benefit is paid under this rider
$250 plus the actuarial discount
$150 plus the actuarial discount
Accidental Death Benefit Rider
Monthly on the Issue Date and on each Monthly Due Date
 
 
(Per $1,000 of rider Principal Sum)
 
 
 
 
 
 
 
◆ Minimum Charge21
 
$0.09
$0.04
 
 
 
 
◆ Maximum Charge22
 
$0.38
$0.34
 
 
 
 
◆ Charge for an Insured at Attained Age 36
  
$0.09
$0.06
 

15 
A flat extra monthly charge is assessed on policies insuring individuals considered to have higher mortality risks according to our underwriting standards and guidelines. Flat extra charges usually apply to Insureds in hazardous occupations, to Insureds who participate in hazardous avocations, such as aviation, and to Insureds with certain physical impairments. Any flat extra charge will be shown on the Policy’s specifications page. The flat extra monthly charge shown in the table may not be representative of any charge you may pay. You can obtain more information about the charge by contacting your agent
16 
During the first 14 Policy years, the loan interest spread is the difference between the amount of interest we charge you for a loan (currently 4.5%, guaranteed not to exceed 8.00%, compounded annually) and the amount of interest we credit to the amount in your loan account (currently 3%, guaranteed to be no lower than 3%, annually). After the 14th Policy year, the maximum loan interest rate we charge and the minimum loan interest we credit is 3%, compounded annually, so that the loan interest spread is 0%.
17 
Charges for the Accidental Death Benefit rider, the Monthly Disability Benefit rider (when available), and Disability Waiver rider vary with the age of the Insured. Charges for the Additional Insured Term rider are based on the Additional Insured’s age, sex and Premium Class and generally increase annually with the age of the Additional Insured. The rider charges shown in the table may not be representative of the charges you will pay. The rider will indicate the maximum guaranteed rider charges applicable to your Policy. You can obtain more information about these rider charges by contacting your agent.
18 
Charges for the accelerated death benefit rider vary by the amount of death benefit that is accelerated. The charges shown may not be representative of the charges you will pay. You can obtain more information about these rider charges by contacting your agent.
19 
We are phasing out the availability of the Accelerated Death Benefit Rider, and replacing it with the Accelerated Benefit Rider for Terminal Illness (“ABR-TI”) as soon as the ABR-TI is approved for sale in a state.
20 
The administrative charge for this rider varies by state. It is guaranteed not to exceed $250 or the maximum allowed by state regulation. In addition to the administrative charge, we reduce the single sum benefit at the time of payment by an actuarial discount to compensate us for lost income due to the early payment of the death benefit.
21 
The minimum charge is based on any Insured at Attained Age 13.
22 
The maximum charge is based on an Insured at Attained Age 69 whose occupation and/or avocations at issue lead the Company to believe the Insured’s risk of accidental death is roughly double that of a typical Insured.
 
 
Periodic Charges Other Than Annual Portfolio Company Expenses
Charge
 
When Charge is Deducted
 
Amount Deducted
 
Guaranteed
Maximum Charge
 
Current Charge
 
Children’s Term Insurance Rider
(Per $1,000 of rider amount)
Monthly on Issue Date and on each Monthly Due Date
$0.87
$0.78
Monthly Disability Benefit Rider23
(Per $100 of monthly benefit)
Monthly on Issue Date and
on each Monthly Due Date
 
 
 
 
 
 
◆ Minimum Charge24
 
$6
$4
 
 
 
 
◆ Maximum Charge25
 
$40
$30
 
 
 
 
◆ Charge at the Insured’s Attained Age 35
  
$7
$4.50
Disability Waiver Rider
 
 
 
(Charge assessed as a percentage of all other monthly charges)
 
 
 
 
 
 
 
◆ Minimum Charge21
 
6%
4%
 
 
 
 
◆ Maximum Charge22
 
40%
30%
 
 
 
 
◆ Charge at the Insured’s Attained Age 34
  
7%
4.5%
Additional Insured Term Rider
Monthly on issue date and on each Monthly Due Date
 
 
(Per $1,000 of Additional Insured Term Rider amount)
 
 
 
 
 
 
 
◆ Minimum Charge26
 
$0.09
$0.09
 
 
 
 
◆ Maximum Charge27
 
$4.35
$4.10
 
 
 
 
◆ Charge for a rider where the Additional Insured is a female, Issue Age 31, in the preferred non-nicotine Premium Class, in Policy year 8
  
$0.16
$0.11
 

23 
The Monthly Disability Benefit rider charge and the disability waiver rider charge depend on the Insured’s Attained Age and generally increase as the Insured ages. The rider charges shown in the table may not be representative of the charges you will pay. The rider will indicate the maximum guaranteed rider charges applicable to your Policy. Effective August 7, 2015, the Monthly Disability Benefit rider was no longer available and could not be added to a Policy; Monthly Disability Benefit riders that were in force as of August 7, 2015 were not affected. You can obtain more information about these rider charges by contacting your agent.
24 
The minimum charge is for an Insured at Attained Age 21.
25 
The maximum charge is for an Insured at Attained Age 56 or older whose medical condition, occupation or avocations at issue lead the Company to believe the Insured’s risk of disability is roughly double that of a typical Insured.
26 
The minimum charge is for an additional Insured in the female preferred non-nicotine class, Issue Age 21, in the first Policy year.
27 
The maximum charge is at Attained Age 69 for a male smoker additional Insured whose rider was issued at his age 45 or younger. This maximum charge will be higher for a Policy with special Premium Class ratings and/or flat extra monthly charges.
 
The Policy charges a Monthly Deduction, which consists of the total of 1) Cost of Insurance, 2) Administrative Expenses, 3) Monthly Underwriting and Sales Expense Charge and 4) risk charges of any attached riders. See “Charges and Deductions – Monthly Deductions.”
The next item shows the minimum and maximum total operating expenses charged by the Portfolio Companies that you may pay periodically during the time that you own the Contract. [These amounts also include applicable Platform Charges if you choose to invest in certain Portfolio Companies.] A complete list of Portfolio Companies available under the Contract, including their annual expenses, may be found at the back of this document.
 
Annual Portfolio Company Expenses28
Minimum
Maximum
(expenses that are deducted from Portfolio Company assets, including management fees, distribution and/or service (12b-1) fees, and other expenses)
 
0.19%
 
1.37%
 

28 
Before expense reimbursements or fee waiver arrangements. The Portfolio expenses used to prepare this table were provided to Farmers by the Portfolio(s). Farmers has not independently verified such information. The expenses shown are those incurred for the year ended December 31, 2025. Current or future expenses may be greater or less than those shown.
 
Principal Policy Risks

 

 
Risk of Poor Investment Performance
If you invest your Contract Value in one or more Subaccounts, you will be subject to the risk that investment performance will be unfavorable and that your Contract Value will decrease. You could lose everything you invest and your Policy could Lapse without value, unless you pay additional Premiums. In addition, we deduct Policy fees and charges from your Contract Value, which can significantly reduce your Policy Value. During times of declining investment performance, the deduction for monthly charges based on the Risk Insurance Amount could accelerate and further reduce your Contract Value.
If you allocate Premiums and Contract Value to the Fixed Account, we will credit your Contract Value in the Fixed Account with a declared rate of interest. You assume the risk that the rate may decrease, although it will never be lower than a guaranteed minimum annual effective rate of 3%.
Risks of Market Timing and Disruptive Trading
This Policy and the underlying Portfolios are not designed for market timers. However, there is no assurance that we will be able to identify and prevent all market timing and other forms of disruptive trading in the Policy and the underlying Portfolios. For a discussion of our policies and procedures on market timing and of the potential costs and risks to you that can result if market timing or disruptive trading occurs in the underlying Portfolios, see the “Transfers – Policy and Procedures Regarding Disruptive Trading and Market Timing” section.
Risk of Lapse
This Policy does not provide a no-Lapse period. You greatly increase your risk of Lapse if you do not regularly pay Premiums at least as large as the current minimum premium. Paying the minimum Premiums for the Policy will not necessarily keep your Policy in force because poor investment performance and/or partial surrenders could result in a lapse of a Policy, notwithstanding payment of minimum Premiums. It is likely that additional Premiums will be necessary to keep your Policy in force until maturity.
Loans, withdrawals, any increase in the Principal Sum, any increase in the current charges, and/or poor investment returns, could increase your risk of Lapse.
Your Policy will enter a 61-day pre-Lapse grace period if either of the following occurs:

 •
total Premiums paid (minus withdrawals, but not including Surrender charges or the processing fee) are less than the Cumulative Minimum Premiums, and the Surrender Value is not large enough to cover the Monthly Deduction when due; or

•
total Premiums paid (minus withdrawals, but not including Surrender charges or the processing fee) are greater than the Cumulative Minimum Premiums, but the Contract Value, minus any outstanding Loan Amount and any interest you would owe if you Surrender the Policy, is too low to pay the entire Monthly Deduction when due.
Whenever your Policy enters the 61-day grace period, you must make a sufficient payment before the grace period ends. Market performance alone will not be deemed to constitute a sufficient payment. A premium payment is required. If you do not make a sufficient payment during the grace period, your Policy will terminate without value, insurance coverage will no longer be in effect, and you will receive no benefits. We will notify you if a grace period begins and of the minimum payment due.
A Policy Lapse may have adverse tax consequences.
You may reinstate a Lapsed Policy within three years after the Policy enters the grace period, if the Insured meets our insurability requirements and you pay the amount we require. We will not reinstate a Policy that has been Surrendered for the Surrender Value.
Tax Risks
A Policy must satisfy certain requirements in the Tax Code in order to qualify as a life insurance contract for Federal income tax purposes and to receive the tax treatment normally accorded life insurance contracts under Federal tax law. There is limited guidance as to how these requirements are to be applied. Nevertheless, we believe that a Policy issued on a standard Premium Class basis should satisfy the applicable Tax Code requirements. There is, however, some uncertainty about the application of the Tax Code requirements to a Policy issued on a special Premium Class basis, particularly if the full amount of Premiums permitted under the Policy is paid.
 
Depending on the total amount of Premiums you pay during the first seven years of a Policy, the Policy may be treated as a modified endowment contract (“MEC”) under Federal tax laws. In addition, any Section 1035 Exchange coming from a Policy that is a MEC makes the new Policy a MEC. If a Policy is treated as a MEC, then withdrawals, a Surrender and loans under a Policy will be taxable as ordinary income to the extent there are earnings in the Policy. In addition, a 10% penalty tax may be imposed on the taxable portion of withdrawals, a Surrender and loans taken before you reach age 591/2. There may also be tax consequences to distributions from Policies that are not MECs. However, the 10% penalty tax will not apply to distributions from Policies that are not MECs. Loans from or secured by a Policy that is not a MEC are generally not treated as distributions. You should consult a qualified tax adviser about such loans.
The Federal tax laws are unclear in a variety of areas. You should review the “Federal Tax Considerations” section of this prospectus carefully, especially if you are purchasing this Policy with the intention of taking Policy loans or partial withdrawals at any time in the future, and/or you intend to keep the Policy in force after the Insured reaches age 100. You should consult a qualified tax adviser for assistance in all tax matters involving your Policy.
Limits on Cash Withdrawals
The Policy permits you to take only one partial withdrawal in any calendar quarter, after the first Policy year has been completed. The amount you may withdraw is limited to 75% of the Surrender Value. You may not withdraw less than $500. If 75% of the Surrender Value is less than $500, then a partial withdrawal is not available.
A withdrawal reduces the Surrender Value and Contract Value and will increase the risk that the Policy will Lapse. Surrender charges are assessed on certain partial withdrawals. A withdrawal also may have tax consequences.
A withdrawal will reduce the death benefit. If you select a level death benefit (Option B), a partial withdrawal will permanently reduce the Principal Sum by the amount of the withdrawal (not including the Surrender charge or the processing fee). If a variable death benefit (Option A) is in effect when you make a withdrawal, the death benefit will be reduced by the amount that the Contract Value is reduced.
Loan Risks
A Policy loan, whether or not repaid, will affect Contract Value over time because we subtract the amount of the loan from the Subaccounts and Fixed Account and place this amount into the loan account as collateral. We credit a fixed interest rate of 3% per year to the loan account. During the first fourteen Policy years, we currently charge you interest at 4.5% annually, with a maximum loan interest rate of 8% per year on your loan. After the fourteenth Policy year, the maximum loan interest rate is 3%, compounded annually. As a result, the loan collateral does not participate in the investment results of the Subaccounts, nor does it receive as high an interest rate as amounts allocated to the Fixed Account. The longer the loan is outstanding, the greater the effect is likely to be. Depending on the investment results of the Subaccounts and the interest rate charged against and credited to the Fixed Account, the effect could be favorable or unfavorable.
A Policy loan affects the death benefit because a loan reduces the Death Benefit Proceeds by the amount of the outstanding loan, plus any interest you owe on Policy loans.
A Policy loan will increase the risk that the Policy will Lapse. There is a risk that if the Loan Amount, together with poor investment performance and payment of monthly insurance charges, reduces your Surrender Value (or Contract Value, in certain circumstances) to an amount that is not large enough to pay the Monthly Deduction when due, then the Policy will enter the 61-day grace period, and possibly Lapse. Adverse tax consequences could result. In addition, the tax consequences of loans after the fourteenth Policy year are uncertain. You should consult a tax adviser about such loans.
Increase in Current Fees and Expenses
Certain fees and expenses are currently assessed at less than their maximum levels. We may increase these current charges in the future up to the guaranteed maximum levels. If fees and expenses are increased, you may need to increase the amount and/or frequency of Premiums you pay to keep the Policy in force.
Effects of Surrender Charges
The Surrender charges under this Policy are significant during the first 14 Policy years. It is likely that you will receive no Surrender Value if you Surrender your Policy in the early Policy years. You should purchase this Policy only if you have the financial ability to keep it in force at the initial Principal Sum for a substantial period of time.
 
Even if you do not ask to Surrender your Policy, Surrender charges may play a role in determining whether your Policy will Lapse. If you have not paid sufficient Premiums, the Surrender Value is the measure we use to determine whether your Policy will enter a grace period, and possibly Lapse.
Portfolio Risks
A comprehensive discussion of the risks of each Portfolio may be found in each Portfolio’s prospectus, if available. Please refer to the prospectuses, if available, for the Portfolios for more information. There is no assurance that any of the Portfolios will achieve its stated investment objective.
Cybersecurity and Business Continuity Risk
Like others in our industry, we are subject to operational and information security risks resulting from “cyber-attacks,” “hacking” or similar illegal or unauthorized intrusions into computer systems and networks. These risks include, among other things, the theft, misuse, corruption and destruction of data maintained online or digitally, denial of service attacks on websites and unauthorized release of confidential customer information. Additionally, our operations support complex transactions and are highly dependent on the proper functioning of information technology and communication systems. Any failure of, disruption to, or gap in the systems and processes necessary to support complex transactions and avoid systems failure, fraud, information security failures, processing errors, loss of data and breaches of regulation caused by cyber-attacks or other similar illegal, or unauthorized intrusions may lead to a materially adverse effect on our operations, results, financial condition, and corporate reputation.
In addition, we must commit significant resources to maintain and enhance our existing systems in order to keep pace with applicable regulatory requirements, industry standards and customer preferences. If we fail to maintain secure and well-functioning information systems, we may not be able to rely on information for product pricing, compliance obligations, risk management and underwriting decisions. Although we seek to limit our vulnerability to such risks through technological and other means to maintain the integrity and security of our information systems and data, it is not possible to anticipate or prevent all potential forms of cyber-attack or other similar illegal or unauthorized intrusions or to guarantee our ability to timely detect, remediate, and defend against all such attacks. In addition, due to the sensitive nature of much of the financial and personal information we maintain, we may be at particular risk for targeting.
Cyber-attacks affecting us, any third-party administrator, the underlying funds, intermediaries and other affiliated or third-party service providers may adversely affect us and your account value. For instance, cyber-attacks may interfere with our processing of contract transactions, including the processing of orders from our website or with the underlying funds, impact our ability to calculate accumulation unit values, cause the release and possible destruction of confidential customer or business information, impede order processing, subject us and/or our service providers and intermediaries to regulatory fines and financial losses and/or cause reputational damage. Cyber security risks may also affect the issuers of securities in which the underlying funds invest, which may cause the funds underlying your contract to lose value. There can be no assurance that we or the underlying funds or our service providers will avoid losses affecting your contract that result from cyber-attacks or information security breaches in the future.
We are also exposed to risks related to natural and man-made disasters and catastrophes, any of which could adversely affect our ability to conduct business. A natural or man-made disaster or catastrophe, including a pandemic (such as COVID-19), could affect the ability of our employees or the employees of our service providers to perform their responsibilities. In the event our employees and/or the employees of our service providers are required to work remotely, those remote work arrangements could result in our business operations being less efficient than under normal circumstances and could lead to delays in our processing of contract-related transactions, including orders from owners. Catastrophic events may also negatively affect the computer and other systems on which we rely. There can be no assurance that we, our service providers or the underlying funds will be able to avoid negative impacts associated with natural and man-made disasters and catastrophes.
Farmers New World Life Insurance Company and the Fixed Account

 

 
Farmers New World Life Insurance Company
Farmers New World Life Insurance Company (“Farmers”) is located at 12822 SE 32nd Street, Suite 2, Bellevue, Washington 98005. We are obligated to pay all benefits under the Policy.
 
The Fixed Account
You may allocate some or all of your premium payments and transfer some or all of your Contract Value to the Fixed Account. The Fixed Account offers a guarantee of principal accumulating at a specified rate of interest that will be reduced by deductions for fees and expenses. The Fixed Account is part of Farmers’ General Account. We use our general assets to support our insurance and annuity obligations other than those funded by our separate investment accounts (i.e., the Variable Account), and those obligations amounts are subject to our claims-paying ability and financial strength. Subject to applicable law, Farmers has sole discretion over investment of the Fixed Account’s assets. Farmers bears the full investment risk for all amounts contributed to the Fixed Account. Farmers guarantees that the amounts allocated to the Fixed Account will be credited interest daily at an annual net effective interest rate of at least 3%. We will determine any interest rate credited in excess of the guaranteed rate at our sole discretion. All assets in the General Account are subject to our general liabilities from business operations. The Fixed Account may not be available in all states.
Money you place in the Fixed Account will earn interest that is compounded annually and accrues daily at the current interest rate in effect at the time of your allocation. We intend to credit the Fixed Account with interest at current rates in excess of the minimum guaranteed rate of 3%, but we are not obligated to do so. We have no specific formula for determining current interest rates.
The Fixed Account Value will not share in the investment performance of our General Account. Because we, in our sole discretion, anticipate changing the current interest rate from time to time, different allocations you make to the Fixed Account will be credited with different current interest rates. You assume the risk that interest credited to amounts in the Fixed Account may not exceed the minimum 3% guaranteed rate.
We reserve the right to change the method of crediting interest from time to time, provided that such changes do not reduce the guaranteed rate of interest below 3% per year or shorten the period for which the interest rate applies to less than one year (except for the year in which such amount is received or transferred).
We currently allocate amounts from the Fixed Account for partial withdrawals, transfers to the Subaccounts, or charges for the Monthly Deduction on a last in, first out basis (“LIFO”) for the purpose of crediting interest.
The Fixed Account is not registered with the Securities and Exchange Commission (“SEC”). The disclosures included in this prospectus about the Fixed Account are for your information and have not been reviewed by the staff of the SEC. However, Fixed Account disclosure may be subject to certain provisions of the federal securities laws relating to the accuracy and completeness of statements made in this prospectus.
The Variable Account and the Portfolios

 

 
The Variable Account
Farmers established the Variable Account as a separate investment account under the law of the State of Washington on April 6, 1999. Farmers owns the assets in the Variable Account. Farmers may use the Variable Account to support other variable life insurance policies Farmers issues. The Variable Account is registered with the SEC as a unit investment trust under the Investment Company Act of 1940 (the “1940 Act”) and qualifies as a “separate account” within the meaning of the Federal securities laws.
The Variable Account is divided into Subaccounts, each of which invests in shares of one Portfolio of a Fund.
Income, gains, and losses credited to, or charged against, a Subaccount of the Variable Account reflect the Subaccount’s own investment experience and not the investment experience of our other assets. The Variable Account’s assets may not be used to pay any of our liabilities other than those arising from the Policies and other variable life insurance policies we issue. Farmers is obligated to pay all amounts promised to investors under the Policies. If the Variable Account’s assets exceed the required reserves and other liabilities, we may transfer the excess to our General Account.
Changes to the Variable Account. We reserve the right in our sole discretion, and subject to applicable law, to add, close, remove, or combine one or more Subaccounts, combine the Variable Account with one or more other separate accounts, or operate the Variable Account as a different kind of investment company. Subject to obtaining any approvals or consents required by law, the assets of one or more Subaccounts may also be transferred to any other Subaccount if, in our sole discretion, conditions warrant. In addition, we reserve the right to modify the provisions of the Policy to reflect changes to the Subaccounts and the Variable Account and to comply with applicable law. Some of these future changes may be the result of changes in applicable laws or interpretation of the law.
 
The Portfolios
Each Subaccount of the Variable Account invests exclusively in shares of a designated Portfolio of a Fund. Shares of each Portfolio are purchased and redeemed at net asset value, without a sales charge. Any dividends and distributions from a Portfolio are reinvested at net asset value in shares of that Portfolio. Each Fund available under the Policy is registered with the SEC under the 1940 Act as an open-end, management investment company. Such registration does not involve supervision of the management or investment practices or policies of the Funds by the SEC.
The assets of each Portfolio are separate from the assets of any other Portfolio, and each Portfolio has separate investment objectives and policies. As a result, each Portfolio operates as a separate investment Portfolio and the income or loss of one Portfolio has no effect on the investment performance of any other Portfolio.
Each of the Portfolios is managed by an investment adviser registered with the SEC under the Investment Advisers Act of 1940, as amended. Each investment adviser is responsible for the selection of the investments of the Portfolio. These investments must be consistent with the investment objective, policies and restrictions of that Portfolio.
Some of the Portfolios have been established by investment advisers that manage retail mutual Funds sold directly to the public having similar names and investment objectives to the Portfolios available under the Policy.
While some of the Portfolios may be similar to, and may in fact be modeled after, publicly traded mutual Funds, you should understand that the Portfolios are not otherwise directly related to any publicly traded mutual Fund.
Consequently, the investment performance of publicly traded mutual Funds and any similarly named Portfolio may differ substantially from the Portfolios available through this Policy.
An investment in a Subaccount, or in any Portfolio, including the DWS Government Money Market VIP, is not Insured or guaranteed by the U.S. Government and there can be no assurance that the DWS Government Money Market VIP will be able to maintain a stable net asset value per share. During extended periods of low interest rates, and due in part to insurance charges, the yields on the money market Subaccount may become extremely low and possibly negative.
Information regarding each Portfolio, including (i) its name, (ii) its type, (iii) its investment adviser and any sub-investment adviser, (iv) current expenses, and (v) performance is available in an appendix to this prospectus. See “Appendix A: Portfolios Available Under the Policy.”
Please read the attached prospectuses and/or summary prospectus for the Portfolios to obtain more complete information regarding the Portfolios.
Selection of the Portfolios
The Portfolios offered through the Policies are selected by Farmers, and Farmers may consider various factors, including, but not limited to asset class coverage, the strength of the investment adviser’s (and/or sub-adviser’s) reputation and tenure, brand recognition, performance, and the capability and qualification of each investment firm. We also consider whether the Portfolio or one of its service providers (e.g., the investment adviser) will make payments to us in connection with certain administrative, marketing, and support services, or whether the Portfolios adviser is an affiliate. We review the Portfolios periodically and may remove a Portfolio, or limit its availability to new Premiums and/or transfers of Contract Value if we determine that a Portfolio no longer satisfies one or more of the selection criteria and/or if the Portfolio has not attracted significant allocations from Policy Owners.
You are responsible for choosing to invest in the Portfolios and the amounts allocated to each that are appropriate for your own individual circumstances and your investment goals, financial situation, and risk tolerance. Since you bear the investment risk of investing in the Subaccounts, you should carefully consider any decisions regarding allocations of premium and Contract Value to each Subaccount.
In making your investment selections, we encourage you to thoroughly investigate all of the information regarding the Portfolios that is available to you, including each Portfolio’s prospectus and/or summary prospectus, statement of additional information, and annual and semi-annual reports. Other sources such as the Portfolio’s website or newspapers and financial and other magazines provide more current information, including information about any regulatory actions or investigations relating to a Portfolio. After you select Subaccounts in which to allocate premium or Contract Value, you should monitor and periodically re-evaluate your investment allocations to determine if they are still appropriate.
 
You bear the risk of any decline in the Contract Value of your Policy resulting from the performance of the Subaccounts you have chosen.
We do not provide investment advice and we do not recommend or endorse any of the particular Portfolios available as investment options in the Policy.
Revenue We Receive From the Portfolios and/or Their Service Providers. We and/or Farmers Financial Solutions, LLC (“FFS”) may directly or indirectly receive payments from the Portfolios and/or their service providers (investment advisers, administrators, and/or distributors), in connection with certain administrative, marketing and other services we and/or FFS provide and expenses we incur. We and/or FFS generally receive three types of payments:

 •
Rule 12b-1 Fees. We and/or FFS, the principal underwriter and distributor for the Policies, receive some or all of the 12b-1 fees from the Portfolios that charge a 12b-1 fee. See the prospectuses, if available, of the Portfolios for more information. The 12b-1 fees we and/or FFS receive are calculated as a percentage of the average daily net assets of the Portfolios owned by the Subaccounts available under this Policy and certain other variable insurance products that we issue.

•
Administrative, Marketing and Support Service Fees (“Support Fees”). We and/or FFS may receive compensation from some of the Portfolios’ service providers for administrative and other services we perform relating to Variable Account operations that might otherwise have been provided by the Portfolios. The amount of this compensation is based on a percentage of the average assets of the particular Portfolios attributable to the Policy and to certain other variable insurance products that we issue. These percentages currently range from 0.00% to 0.25% and may be significant. Some service providers may pay us more than others.
The chart below provides the current maximum combined percentages of 12b-1 fees and Support Fees that we anticipate will be paid to us and/or FFS on an annual basis:
 
Incoming Payments to Farmers and/or FFS
From the following Funds and
their Service Providers:
Maximum %
of assets*
From the following Funds and their
Service Providers:
Maximum %
of assets*
DWS
0.25%
Goldman Sachs
0.00%
BNY Mellon
0.25%
Janus
0.25%
Fidelity®
0.25%
PIMCO
0.15%
Franklin Templeton
0.25%
Principal
0.25%
*
Payments are based on a percentage of the average assets of each underlying Portfolio owned by the Subaccounts available under this Policy and under certain other variable insurance products offered by us.

•
Other payments. We and/or FFS also may directly or indirectly receive additional amounts or different percentages of assets under management from some of the Portfolio’s service providers with regard to the variable insurance products we issue. These payments may be derived, in whole or in part, from the advisory fees deducted from assets of the Portfolios. Policy Owners, through their indirect investment in the Portfolios, bear the costs of these advisory fees. Certain investment advisers or their affiliates may provide us and/or FFS with wholesaling services to assist us in the distribution of the Policy, may pay us and/or FFS amounts to participate in sales meetings or may reimburse our sales costs, and may provide us and/or FFS with occasional gifts, meals, tickets, or other compensation or reimbursement. The amounts in the aggregate may be significant and may provide the investment adviser (or other affiliates) with increased access to us and FFS.
Proceeds from these payments made by the Portfolios, investment advisers, and/or their affiliates may be used for any corporate purpose, including payment of expenses that we and FFS incur in promoting, issuing, distributing, and administering the Policies, and that we incur, in our role as intermediary, in marketing and administering the underlying Portfolios. We and our affiliates may profit from these payments.
For further details about the compensation payments we make in connection with the sale of the Policies, see the “Distribution of the Policies” section.
 
Availability of the Portfolios
We do not guarantee that each Portfolio will always be available for investment through the Policies.
We reserve the right, subject to applicable law, to add new Portfolios or classes of Portfolio shares, remove or close existing Portfolios or classes of Portfolio shares, or substitute Portfolio shares held by any Subaccount for shares of a different Portfolio. New or substitute Portfolios or classes of Portfolio shares may have different fees and expenses and their availability may be limited to certain classes of purchasers. If the shares of a Portfolio are no longer available for investment or if, in our judgment, further investment in any Portfolio should become inappropriate, we may redeem the shares of that Portfolio and substitute shares of another Portfolio. We will not add, remove or substitute any shares without notice and prior approval of the SEC and state insurance authorities, to the extent required by the 1940 Act or other applicable law.
Your Right to Vote Portfolio Shares
Even though we are the legal Owner of the Portfolio shares held in the Subaccounts, and have the right to vote on all matters submitted to shareholders of the Portfolios, we will vote our shares only as you and other Policy Owners instruct, so long as such action is required by law.
Before a vote of a Portfolio’s shareholders occurs, you will receive voting materials from us. We will ask you to instruct us on how to vote and to return your proxy to us in a timely manner. You will have the right to instruct us on the number of Portfolio shares that corresponds to the amount of Contract Value you have in that Portfolio (as of a date set by the Portfolio). When we solicit your vote, the number of votes you have will be calculated separately for each Subaccount in which you have an investment.
If we do not receive voting instructions on time from some Owners, we will vote those shares in the same proportion as the timely voting instructions we receive. Should Federal securities laws, regulations and interpretations change, we may elect to vote Portfolio shares in our own right. If required by state insurance officials, or if permitted under Federal regulation, we may disregard certain Owner voting instructions. If we ever disregard voting instructions, we will send you a summary in the next annual report to Policy Owners advising you of the action and the reasons we took such action.
The Policy

 

 
Purchasing a Policy
Please note that we are no longer offering the Policies for sale. This “Purchasing a Policy” section is included in the prospectus for your information.
To purchase a Policy, you must send the application and, in most cases, an Initial Premium, to us through any licensed Farmers insurance agent who is also a registered representative of a broker-dealer having a selling agreement with the principal underwriter that offers the Policy, Farmers Financial Solutions, LLC.
There may be delays in our receipt and processing of applications and premium payments that are outside of our control (for example, because of the failure of a registered representative to forward the application to us or our Service Center promptly, or because of delays in determining whether the Policy is suitable for you). Any such delays will affect when your Policy can be issued and your premium is allocated among the investment choices you have selected.
Acceptance of an application is subject to our insurance underwriting. We use different underwriting standards in relation to the Policy. We can provide you with details as to these underwriting standards when you apply for a Policy. We must receive evidence of insurability that satisfies our underwriting standards before we will issue a Policy. We reserve the right to reject an application for any reason permitted by law.
We reserve the right to decline an application for any reasons subject to the requirements imposed by law in the jurisdiction where the requested insurance Policy was to be issued and delivered. If the application is declined or canceled, the full amount paid with the application will be refunded.
We determine the minimum Principal Sum (death benefit) for a Policy based on the Attained Age of the Insured when we issue the Policy. The minimum Principal Sum for the preferred Premium Class is $150,000, and $50,000 for all others. The maximum Issue Age for Insureds in the preferred underwriting class is age 75, and for all other Premium Classes is age 80. We base the minimum Initial Premium for your Policy on a number of factors including the age, sex and Premium Class of the Insured and the amount of the Principal Sum. We currently require a minimum Initial Premium as shown on your Policy’s specifications page.
 
Tax-Free “Section 1035” Exchanges
You can generally exchange one life insurance policy for another in a “tax-free exchange” under Section 1035 of the Tax Code. Before making an exchange, you should compare both policies carefully. Remember that if you exchange another policy for the one described in this prospectus, you might have to pay a Surrender charge on your old policy. There will be a new Surrender charge period for this Policy and other charges may be higher (or lower) and the benefits may be different. This Policy will have new suicide and incontestability periods, during which benefits may be denied in certain circumstances. Your old policy’s suicide and incontestability periods may have expired. If the exchange does not qualify for Section 1035 treatment, you may have to pay federal income and penalty taxes on the exchange. You should not exchange another policy for this one unless you determine, after knowing all the facts, that the exchange is in your best interest and not just better for the person trying to sell you this Policy (that person will generally earn a commission if you buy this Policy through an exchange or otherwise).
State Variations
This prospectus provides you with important information about Farmers® Variable Universal Life. However, we will also issue you a Policy, which is a separate document from this prospectus. There may be differences between the description of the Policy contained in this prospectus and the Policy issued to you due to differences in state law. Please consult your Policy (and the endorsements and riders attached to your Policy) for the provisions that apply in your state. If you would like an additional copy of your Policy and its endorsements and riders, if any, contact our Service Center.
Other Policies
We offer other life insurance policies that have different investment options, death benefits, policy features and policy charges from this Policy. For more information about the other policies, please contact our Service Center or your agent.
Ownership Rights
The Policy belongs to the Owner named in the application. The Owner may exercise all of the Ownership rights and options described in the Policy. The Insured is the Owner unless the application specifies a different person as the Owner. If the Owner dies before the Insured and no successor Owner is named, then ownership of the Policy will pass to the Insured. The Owner may designate the Beneficiary (the person to receive the death benefit when the Insured dies) in the application.
Changing the Owner

 •
You may change the Owner by providing a written request to us at any time while the Insured is alive.

•
The change takes effect on the date that the written request is signed.

•
We are not liable for any actions we may have taken before we received the written request.

•
Changing the Owner does not automatically change the Beneficiary.
Changing the Owner may have tax consequences. You should consult a tax adviser before changing the Owner.
Selecting and Changing the Beneficiary

 •
If you designate more than one beneficiary, then each beneficiary shares equally in any Death Benefit Proceeds unless the Beneficiary designation states otherwise.

•
If the Beneficiary dies before the Insured, then any contingent beneficiary becomes the Beneficiary.

•
If both the Beneficiary and contingent Beneficiary die before the Insured, then we will pay the death benefit to the Owner or the Owner’s estate once the Insured dies.

•
You can request a delay clause that provides that if the Beneficiary dies within a specified number of days (maximum 180 days) following the Insured’s death, then the Death Benefit Proceeds will be paid as if the Beneficiary had died first.

•
You can change the Beneficiary by providing us with a written request while the Insured is living.

•
The change in Beneficiary is effective as of the date you sign the written request.

•
We are not liable for any actions we may have taken before we received the written request.
Assigning the Policy

 •
You may assign Policy rights while the Insured is alive.

•
The Owner retains any ownership rights that are not assigned.

•
The assignee may not change the Owner or the Beneficiary, and may not elect or change an optional method of payment. We will pay any amount payable to the assignee in a lump sum.

•
Claims under any assignment are subject to proof of interest and the extent of the assignment.

•
We are not:

•
bound by any assignment unless we receive a Written Notice of the assignment.

•
responsible for the validity of any assignment.

•
liable for any payment we made before we received Written Notice of the assignment.
Assigning the Policy may have tax consequences. See “Federal Tax Considerations.”
Modifying the Policy
Only one of our officers may modify the Policy or waive any of our rights or requirements under the Policy. Any modification or waiver must be in writing. No agent may bind us by making any promise not contained in this Policy.
Upon notice to you, we may modify the Policy to:

 •
conform the Policy, our operations, or the Variable Account’s operations to the requirements of any law (or regulation issued by a government agency) to which the Policy, our company or the Variable Account is subject;

•
assure continued qualification of the Policy as a life insurance contract under the Federal tax laws; or

•
reflect a change in the Variable Account’s operations.
If we modify the Policy, we will make appropriate endorsements to the Policy. If any provision of the Policy conflicts with the laws of a jurisdiction that govern the Policy, we will amend the provision to conform with such laws.
Policy Termination
Your Policy will terminate on the earliest of:

 •
the Maturity Date (Insured’s Attained Age 110);

•
the date the Insured dies;

•
the end of the grace period without a sufficient payment; or

•
the date you Surrender the Policy.
Premiums

 

 
Premium Flexibility
You have flexibility to determine the frequency and the amount of the Premiums you pay. You do not have to pay Premiums according to any schedule. However, you greatly increase your risk of Lapse if you do not regularly pay Premiums at least as large as the current minimum premium. Paying the minimum Premiums for the Policy will not necessarily keep your Policy in force. It is likely that additional Premiums will be necessary to keep the Policy in force until maturity.
Before the issue date of the Policy (or if premium is paid on delivery of the Policy, before the Record Date), we will require you to pay the premium indicated on your Policy’s specification page. Thereafter, you may pay Premiums ($25 minimum) at any time. You must send all Premiums to our Service Center. We reserve the right to limit the number and amount of any unscheduled Premiums. You may not pay any Premiums after the Insured reaches Attained Age 100.
We multiply each premium by the Percent of Premium Factor (currently 0.965) and credit the resulting value to the Contract Value. We retain the balance of each premium to compensate us for certain expenses such as premium taxes and selling expenses.
We will treat any payment you make as a premium unless you clearly mark it as a loan repayment. We have the right to limit or refund any premium, if the premium would disqualify the Policy as a life insurance contract under the Tax Code, or if the payment would increase the death benefit by more than the amount of the premium.
Planned Premiums. You may determine a planned premium schedule that allows you to pay level Premiums at fixed intervals over a specified period of time. You are not required to pay Premiums according to this schedule. You may change the amount, frequency, and the time period over which you make your planned Premiums by sending us a written request. We have the right to limit the amount of any increase in planned Premiums. Even if you make your planned Premiums on schedule, your Policy may Lapse if your Surrender Value (or unloaned Contract Value, in certain circumstances) ever becomes less than the Monthly Deduction. See “Policy Risks,” “Policy Lapse.”
Electronic Payments or Billing. If you authorize electronic payment of your Premiums from your bank account, or if you ask to be billed for your planned Premiums, the total amount of Premiums being debited, or billed, must be at least $300 per year. You can be billed, or make electronic payments, on an annual, semi-annual, quarterly or monthly basis for the applicable fraction of $300, but the total for the year must add up to at least $300.
You can stop paying Premiums at any time and your Policy will continue in force until the earlier of the Maturity Date (when the Insured reaches Attained Age 110), or the date when either (1) the Insured dies, or (2) the grace period ends after the Surrender Value has been exhausted, or (3) we receive your signed request to Surrender the Policy.
Tax Code Processing. If we receive any premium payment that we anticipate will cause a Policy to become a modified endowment contract (“MEC”) or will cause a Policy to lose its status as life insurance under Section 7702 of the Tax Code, we will not accept the excess portion of that premium. We will immediately notify the Owner and give an explanation of the issue by sending a letter to the Owner’s address of record. We will refund the excess premium no later than 2 weeks after receipt of the premium at the Service Center (the “refund date”), except in the following circumstances:

 a.
the tax problem resolves itself prior to the refund date; or

b.
the tax problem relates to a MEC and we receive a signed acknowledgment from the Owner prior to the refund date instructing us to process the premium notwithstanding the tax issue involved.
During this two-week period, we will hold such excess Premiums in a suspense account until the refund date. Premiums held in the suspense account will not be credited interest. Farmers will treat the excess premium as having been received on the date the tax problem resolves itself or the date Farmers receives the signed acknowledgement at the Service Center. We will then process the excess premium accordingly.
Minimum Premiums
The full Initial Premium is the only premium required to be paid under the Policy. However, you greatly increase your risk of Lapse if you do not regularly pay Premiums at least as large as the minimum premium. Paying the minimum Premiums will not necessarily keep your Policy in force. It is likely that additional Premiums may be necessary to keep the Policy in force to maturity.
The initial minimum premium for two alternative payment modes (for example, annual and monthly) is shown on your Policy’s specifications page. The minimum premium depends on a number of factors including the age, sex, and Premium Class of the proposed Insured, and the Principal Sum.
The minimum premium will change if:

 •
you increase or decrease the Principal Sum;

•
you change the death benefit option;

•
you change or add a rider;

•
you take a partial withdrawal when you have elected the level death benefit option (Option B); or

•
the Insured’s Premium Class changes (for example, from nicotine to non-nicotine, or from standard to substandard).
If your Surrender Value (that is, the Contract Value, minus the Surrender charge, and minus any outstanding Loan Amount and any interest you would owe if you Surrendered the Policy) becomes zero or less, and if the total Premiums you have paid, minus withdrawals (not including Surrender charges and processing fees), are less than the Cumulative Minimum Premiums under your Policy, then your Policy will enter a 61-day grace period. During the grace period, you must make a payment large enough to keep the Policy in force. The cumulative minimum premium is the sum of all past monthly-mode minimum Premiums since the issue date.
But if the total Premiums you have paid, minus withdrawals (not including Surrender charges and processing fees), are greater than the Cumulative Minimum Premiums, then your Policy will enter a grace period only if your Contract Value (minus any outstanding Loan Amount and any interest you would owe if you Surrendered the Policy), is too low to pay the entire Monthly Deduction when due.
 
Your Policy can Lapse before maturity, depending on the Premiums you pay and the investment results of the Subaccounts in which you invest your Contract Value. Your agent can provide you with an illustration that can show how many years your Policy would stay in force under various premium and hypothetical investment scenarios. For certain Issue Ages, classes and Policy sizes, this illustration may show that regular payments of the minimum premium will keep your Policy in force several years even if investment results are very low and even if we impose the maximum charges allowed by the Policy. This is not true for all ages, classes, and investment results, however, so we encourage you to request an illustration from your agent to help you decide what level of premium payments to pay in your particular circumstances.
Allocating Premiums
When you apply for a Policy, you must instruct us to allocate your Initial Premium(s) to one or more Subaccounts of the Variable Account and to the Fixed Account according to the following rules:

 •
You must put at least 1% of each premium in any Subaccount or the Fixed Account you select.

•
Allocation percentages must be in whole numbers and the sum of the percentages must equal 100.
You can change the allocation instructions for additional Premiums without charge at any time by providing us with written notification (or any other notification we deem satisfactory). Any allocation change will be effective on the date we record the change. Any future Premiums will be allocated in accordance with the new allocation, unless we receive contrary written instructions. Changing your allocation instructions will not change the way your existing Contract Value is apportioned among the Subaccounts or the Fixed Account. We reserve the right to limit the number of premium allocation changes. We also reserve the right to limit the number of Subaccount allocations in effect at any one time.
Investment returns from amounts allocated to the Subaccounts will vary with the investment experience of these Subaccounts and will be reduced by Policy charges. You bear the entire investment risk for amounts you allocate to the Subaccounts.
On the issue date, we will allocate your premium(s) received, times the Percent of Premium Factor, minus the Monthly Deduction(s), to the Fixed Account. If you make your first full premium payment upon delivery of the Policy, we will allocate your premium to the Fixed Account on the Business Day it is received at the Service Center. We also allocate any Premiums we receive from the issue date to the Reallocation Date (the Record Date, plus the number of days in your state’s Right to Examine period, plus 10 days) to the Fixed Account. While held in the Fixed Account, premium(s) will be credited with interest at the current Fixed Account rate. On the Reallocation Date, we will reallocate the Contract Value in the Fixed Account to the other Subaccounts (at the unit value next determined) and the Fixed Account in accordance with the allocation percentages provided in the application.
Unless additional underwriting is required or a situation described above in the “Tax Code Processing” section occurs, we invest all Premiums paid after the Reallocation Date on the Business Day they are received in our Service Center. We credit these Premiums to the Subaccounts at the unit value next computed at the end of a Business Day on which we receive them at our Service Center. If we receive your additional Premiums after the close of a Business Day, we will calculate and credit them as of the end of the next Business Day.
Personalized Illustrations
Your Policy can Lapse before maturity, depending on the Premiums you pay and the investment results of the Subaccounts in which you invest your Contract Value. Your agent can provide you with personalized illustrations that can show how many years your Policy would stay in force under various premium and hypothetical investment scenarios. You should request personalized illustrations from your agent to help you decide what level of premium payments to pay in your particular
 
Your Contract Values

 

 
 
Your Contract Value:
• varies from day to day, depending on the investment experience of the Subaccounts you choose, the interest credited to the Fixed Account, the charges deducted and any other Policy transactions (such as additional premium payments, transfers, withdrawals and Policy loans);
 
• serves as the starting point for calculating values under a Policy;
 
• equals the sum of all values in each Subaccount, the loan account and the Fixed Account;
 
• is determined on the issue date and on each Business Day;
 
• on the issue date, equals the Initial Premium times the Percent of Premium Factor, less the Monthly Deduction; and
 
• has no guaranteed minimum amount and may be more or less than Premiums paid.
Subaccount Value
Each Subaccount’s value is determined at the end of each Business Day. We determine your Policy’s value in each Subaccount by multiplying the number of units that your Policy has in the Subaccount by the Accumulation Unit value of that Subaccount at the end of the Business Day.
 
The number of units in any Subaccount on any Business Day equals:
• the initial units purchased at the unit value on the issue date; plus
• units purchased with additional Premiums net of the Percent of Premium Factor; plus
• units purchased via transfers from another Subaccount or the Fixed Account; minus
• units redeemed to pay a pro-rata share of the Monthly Deductions; minus
 
• units redeemed to pay for partial withdrawals and any applicable Surrender charges; minus
 
• units redeemed as part of a transfer to another Subaccount, the loan account or the Fixed Account.
Every time you allocate or transfer money to or from a Subaccount, we convert that dollar amount into units. We determine the number of units we credit to, or subtract from, your Policy by dividing the dollar amount of the allocation, transfer, or withdrawal, by the unit value for that Subaccount at the end of the Valuation Period.
Subaccount Unit Value
The Accumulation Unit value (or price) of each Subaccount will reflect the investment performance of the Portfolio in which the Subaccount invests. Unit values will vary among Subaccounts. The unit value of each Subaccount was originally established at the figure shown on the Variable Account’s financial statements. The unit value may increase or decrease from one Valuation Period to the next. For a discussion of how unit values are calculated, see the SAI.
 
Fixed Account Value
On the issue date, the Fixed Account Value is equal to the Premiums paid multiplied by the Percent of Premium Factor, less the first Monthly Deduction.
 
The Fixed Account Value at the end of any Valuation Period equals:
• the Fixed Account Value on the preceding Business Day plus interest from the preceding Business Day to the date of calculation; plus
• the portion of the premium(s), multiplied by the Percent of Premium Factor, allocated to the Fixed Account since the preceding Business Day, plus interest from the date such Premiums were received to the date of calculation; plus
• any amounts transferred to the Fixed Account since the preceding Business Day; plus interest from the effective date of such transfers to the date of calculation; minus
 
• the amount of any transfer from the Fixed Account to the Subaccounts and the loan account since the preceding Business Day, plus interest from the effective date of such transfers to the date of calculation and any processing fee; minus
 
• the amount of any partial withdrawals and any applicable Surrender charges deducted from the Fixed Account since the preceding Business Day, plus interest on those Surrendered amounts from the effective date of each withdrawal to the date of calculation; minus
 
• a pro-rata share of the Monthly Deduction, on each Business Day when a Monthly Deduction is due.
Your Policy’s guaranteed minimum Fixed Account Value will not be less than the minimum values required by the state where we deliver your Policy.
Loan Account Value
 
The loan account value at the end of any Valuation Period equals:
• the loan account value on the preceding Business Day plus interest from the preceding Business Day to the date of calculation; plus
• any amounts transferred to the loan account since the preceding Business Day, plus interest from the effective date of such transfers to the date of calculation; minus
• the amount of any transfer from the loan account to the Subaccounts and the Fixed Account since the preceding Business Day, plus interest from the effective date of such transfers to the date of calculation.
Interest is charged daily on Policy loans. Interest is due and payable at the end of each Policy year or, if earlier, on the date of any Policy loan increase or repayment. Any interest not paid when due will be transferred from the Fixed Account and Subaccounts to the loan account on a pro-rata basis if sufficient Funds are available for transfer. Unpaid interest becomes part of the outstanding loan and accrues interest daily.
 
Charges and Deductions

 

 
This section describes the charges and deductions that we make under the Policy to compensate for: (1) the services and benefits we provide; (2) the costs and expenses we incur; and (3) the risks we assume. The fees and charges we deduct under the Policy may result in a profit to us.
 
Services and benefits we provide:
• the death benefit, Surrender and loan benefits under the Policy, and the benefits provided by riders.
 
• investment options, including premium allocations.
 
• administration of elective options.
 
• the distribution of reports to Owners.
 
Costs and expenses we incur:
• costs associated with processing and underwriting applications, issuing and administering the Policy (including any riders).
• overhead and other expenses for providing services and benefits.
 
• sales and marketing expenses, including compensation paid in connection with the sale of the Policies.
 
• other costs of doing business, such as collecting Premiums, maintaining records, processing claims, effecting transactions, and paying Federal, state and local premium and other taxes and fees.
 
Risks we assume
include but are not limited to:
• that the cost of insurance charges we deduct are insufficient to meet our actual claims because Insureds die sooner than we anticipate.
• that the costs of providing the services and benefits under the Policies exceed the charges we deduct.
All of the charges we deduct are used to pay aggregate Policy costs and expenses, including a profit to us, that we incur in providing the services and benefits under the Policy and assuming the risks associated with the Policy.
Premium Deductions
When you make a premium payment, we apply a Percent of Premium Factor currently equal to 0.965 to the premium to determine the amount that we will allocate to the Subaccounts and the Fixed Account according to your instructions. The 3.5% of each premium that we retain is the sum of 1.25%, which compensates us for a portion of our sales expenses, and 2.25%, which compensates us for the estimated average state premium taxes we expect to incur in the future. State premium tax rates vary from state to state and currently range from 0% to 3.50% in the states in which the Policy is sold. The estimated charge does not necessarily reflect the actual premium tax rate that applies to a particular Policy. If the actual premium tax rate is less than 2.25%, the difference between the actual rate and the 2.25% will be retained by us to help cover additional premium tax charges that may be imposed in the future, and to help cover premium taxes imposed on Policies in states that charge a higher premium tax rate.
Monthly Deduction
We take a Monthly Deduction from the Contract Value on the issue date and on the Business Day nearest each Monthly Due Date (the same day of each succeeding month as the issue date). We will make deductions by canceling units in each Subaccount and withdrawing Funds from the Fixed Account. We will take the Monthly Deduction on a pro-rata basis from all accounts except the loan account (i.e., in the same proportion that the value in each Subaccount and the Fixed Account bears to the sum of all Subaccounts and the Fixed Account on the Monthly Due Date). Because portions of the Monthly Deduction can vary from month-to-month, the Monthly Deduction will also vary.
The Monthly Deduction is equal to:

 •
The monthly administration charge; plus

•
The cost of insurance charge for the Policy; plus

•
The special premium factor applied to the cost of insurance for a special Premium Class, if any; plus

•
Extra charges for a special Premium Class, if any; plus

•
The charges for any riders.
 
Monthly Administration Charge. We deduct this charge to compensate us for a portion of our administrative expenses such as recordkeeping, processing death benefit claims and Policy changes, and overhead costs. The monthly administration charge currently equals $5. We may increase or decrease this charge but it is guaranteed never to be higher than $8.
Cost of Insurance Charge. We assess a monthly cost of insurance charge to compensate us for the anticipated cost of paying a death benefit in excess of your Contract Value. The charge depends on a number of variables (e.g., the Principal Sum, the Contract Value, the Death Benefit Option, the Insured’s Issue Age, sex, and Premium Class, and the number of months since the issue date, among other factors) that will cause it to vary from Policy to Policy and from month to month. The current (but not the maximum) cost of insurance rates generally increase significantly at the earlier of the 21st Policy year or age 80.
The cost of insurance charge is equal to the cost of insurance rate at the Insured’s Attained Age, times the number of thousands of Risk Insurance Amount, as defined below.
The Risk Insurance Amount is:

 1.
The current death benefit; minus

2.
The Contract Value at the end of the Business Day preceding the Monthly Due Date; plus

3.
The monthly administrative charge for the month that begins on the Monthly Due Date; plus

4.
Any charges for riders for the month that begins on the Monthly Due Date.
The Risk Insurance Amount may increase or decrease each month depending on investment experience of the Portfolios in which you are invested, the payment of additional Premiums, the fees and charges deducted under the Policy, the death benefit option you chose, Policy riders, any Policy transactions (such as loans, partial withdrawals, changes in death benefit option) and the application of the death benefit percentage formula. Therefore, the cost of insurance charges can increase or decrease each month.
Cost of insurance rates vary by the Insureds Attained Age, sex, Premium Class, the number of months since the Issue Date, and the amount of the Principal Sum, among other factors. The cost of insurance rates are generally higher for male Insureds than for female Insureds of the same age and Premium Class, and ordinarily increase with age. Cost of insurance rates may never exceed the guaranteed maximum cost of insurance rates that are shown in Appendix B or your Policy’s specification page.
The Premium Class of the Insured will affect the cost of insurance rates. We currently place Insureds into preferred and standard Premium Classes and into special Premium Classes involving higher mortality risks. The cost of insurance rates for Insureds in special Premium Classes involving higher mortality risks are multiples of the standard rates. If the Insured is in a special Premium Class, the guaranteed maximum monthly cost of insurance rate will be the rate shown in the table in Appendix B (or on your Policy’s specification page) times a special Premium Class rating factor shown on your Policy’s specification page.
We calculate the cost of insurance separately for the initial Principal Sum and for any increase in Principal Sum. If you request and we approve an increase in your Policy’s Principal Sum, then a different Premium Class (and a different cost of insurance rate) may apply to the increase, based on the Insured’s age and circumstances at the time of the increase.
The Policies are based on 1980 C.S.O. mortality tables that distinguish between men and women. As a result, the Policy may pay different benefits to men and women of the same age and Premium Class. We also offer Policies based on unisex mortality tables if required by state law.
Monthly Special Premium Class Charge. If the Insured is in a special Premium Class, the guaranteed maximum monthly cost of insurance rate will be the rate shown in the table in the Policy times a special Premium Class rating factor shown on your Policy’s specification page. This factor is applied to both current and guaranteed cost of insurance rates. This charge is deducted as part of the Monthly Deduction and compensates us for additional costs associated with policies in a special Premium Class. If applicable to you, your Policy’s specification page will show you the amount of this charge.
Flat Extra Monthly Charge for Policies in a Special Premium Class. We may deduct an additional flat extra monthly charge as part of the Monthly Deduction if the Insured is in a special Premium Class. This compensates us for additional costs we anticipate from Policies in a special Premium Class. The charge, if any, will be shown on your Policy’s specifications page.
 
Rider Charges. The Monthly Deduction includes charges for certain optional insurance benefits you add to your Policy by rider. The rider charges are summarized in the Fee Table in this prospectus. Any rider charges applicable to your Policy will be indicated in the rider you receive. Please contact your agent for additional information.
Mortality and Expense Risk Charge
We deduct a daily charge from your Contract Value in each Subaccount to compensate us for a portion of certain mortality and expense risks we assume. The mortality risk is the risk that an Insured will live for a shorter time than we project. The expense risk is the risk that the expenses we incur will exceed the maximum charges we can impose according to the terms of the Policy. The mortality and expense risk charge is equal to:

 •
your Contract Value in each Subaccount; multiplied by

•
the daily portion of the annual mortality and expense risk charge rate of 0.90%.
If this charge and the other charges we impose do not cover our actual costs, we absorb the loss. Conversely, if the charges we impose more than cover actual costs, the excess is added to our surplus. We expect to profit from the mortality and expense risk charge. We may use any profits for any lawful purpose including covering distribution costs.
Surrender Charge
We deduct a Surrender charge if, during the first 14 Policy years, you:

 •
fully Surrender the Policy,

•
take a partial withdrawal from your Policy, if you have elected a level death benefit (Option B), or

•
you decrease the Principal Sum that was in effect at the time of issue.
In the case of a full Surrender, we pay the remaining Contract Value (less any Surrender charge and any outstanding Loan Amount, including any interest you owe) to you. The payment you receive is called the Surrender Value.
If you take a partial withdrawal, we will reduce the Contract Value on a pro-rata basis from the Subaccounts and the Fixed Account (unless you instruct us otherwise) by the amount of the partial withdrawal, the processing fee, and any Surrender charge.
The Surrender charge may be significant. You should carefully calculate this charge before you request a Surrender. Under some circumstances the level of Surrender charges might result in no Contract Value available if you Surrender your Policy during the period when Surrender charges apply. This will depend on a number of factors, but is more likely if:

 1.
you pay Premiums equal to or not much higher than the minimum premium shown in your Policy, or

2.
investment performance is too low.
The Surrender charge is equal to the sum of the Deferred Sales Charge Component and the Administrative Component.
The Deferred Sales Charge Component is calculated by:

 1.
find the sum of all Premiums that have been paid to the Policy (do not deduct amounts withdrawn or the Percent of Premium Factor);

2.
multiply this sum by 0.075 if the Insured’s Issue Age was 65 or younger, or by 0.050 if the Insured’s Issue Age was 66 or older;

3.
multiply the result by the appropriate number on this table:
 
Policy Year:
1-3
4
5
6
7
8
9
10
11
12
13
14
15 or more
Issue ages 0-65
1.00
1.00
1.00
0.90
0.80
0.70
0.60
0.50
0.40
0.30
0.20
0.10
0.00
Issue ages 66 and older
1.00
0.90
0.80
0.70
0.60
0.50
0.40
0.30
0.20
0.15
0.10
0.05
0.00
The Administrative Component is calculated by:

 1.
the appropriate Surrender charge factor from the tables in Appendix C for the Insured’s age on the issue date and the number of full Policy years since the issue date (regardless of whether the Policy has Lapsed and been reinstated) (the tables vary by sex and Premium Class); multiplied by

2.
the number of thousands of Principal Sum on the issue date; minus

3.
any reductions in Principal Sum for which a Surrender charge has already been imposed.
Surrender Charge on a Decrease in Principal Sum. If you decrease the Principal Sum that was in effect on the issue date, we will assess the administrative component of the Surrender charge. To determine the Surrender charge for a decrease in Principal Sum: multiply the appropriate Surrender charge factor from the tables in Appendix C by the number of thousands of Principal Sum at the time of issue that are now being decreased. Only a reduction in the original Principal Sum amount (as of the issue date) incurs a Surrender charge.
Surrender Charge for a Partial Withdrawal. If you make a partial withdrawal during the first 14 years from the issue date and you have elected the level death benefit (Option B), we may deduct a Surrender charge from your Contract Value. The Surrender charge on a withdrawal is equal to the appropriate Surrender charge factor from the table in Appendix C, multiplied by the number of thousands by which the Principal Sum (on the issue date) is reduced by the withdrawal, minus any reductions in the original Principal Sum for which we have already imposed a Surrender charge.
An example of calculating the Surrender charge follows:
This example is for a Policy issued to a male non-nicotine that is in its seventh Policy year. The Principal Sum is $200,000 and the Issue Age is 35. A premium of $1,000 has been paid at the beginning of each year and the total cumulative premium payments are $7,000.
The total Surrender charge is the sum of a Deferred Sales Charge Component and an Administrative Component.
The Deferred Sales Charge Component is calculated by multiplying the cumulative premium by 0.075, then multiplying the result by the appropriate number from the table. For this example the appropriate number is 0.80. The result is ($7,000)(0.075)(0.80) = $420.
The Administrative Component is calculated by multiplying the number of thousands of Principal Sum by the appropriate factor from the Surrender charge table. In this example the factor is5.26. The result is ($200)(5.26) = $1052.
The total Surrender charge is the sum of the Deferred Sales Charge Component and the Administrative Component. The total Surrender charge is therefore $420 + $1052 = $1,472.
Partial Withdrawal Processing Fee. We deduct a processing fee equal to the lesser of $25 or 2% of the amount withdrawn.
Transfer Charge

 •
We currently allow you to make 12 transfers each Policy year free from charge. Any unused free transfers do not carry over to the next Policy year.

•
We charge $25 for each additional transfer. We will not increase this charge.

•
For purposes of assessing the transfer charge, each written or telephone request is considered to be one transfer, regardless of the number of Subaccounts (or Fixed Account) affected by the transfer.

•
We deduct the transfer charge from the amount being transferred, or from the remaining Contract Value, according to your instructions.

•
Transfers we affect on the Reallocation Date, and transfers due to loans, automatic asset rebalancing, and dollar cost averaging, do not count as transfers for the purpose of assessing this charge.
Loan Charges

 •
During the first fourteen Policy years, we currently charge you interest at 4.5% annually, with a maximum loan interest rate of 8% per year on your loan. After the fourteenth Policy year, the maximum loan interest rate is 3%, compounded annually. Interest is charged daily, and is due and payable at the end of each Policy year, or date of any Policy loan increases or repayment, if earlier. Unpaid interest becomes part of the outstanding loan and accrues interest daily.

•
Amounts in the loan account earn interest at the guaranteed minimum rate of 3% per year.
Portfolio Management Fees and Expenses
Each Portfolio deducts Portfolio management fees and expenses from the amounts you have invested in the Portfolios through the Subaccounts. You pay these Portfolio fees and expenses indirectly. In addition, some Portfolios deduct 12b-1 fees at an annual rate of up to 0.25% of average daily Portfolio assets. For 2025, total annual Portfolio fees and charges for the Portfolios offered through this Policy ranged from 0.19% to 1.37% of average daily Portfolio assets. See the prospectuses, if available, for the Portfolios for more information.
Redemption Fees. A Portfolio may assess a redemption fee of up to 2% on Subaccount assets that are redeemed out of the Portfolio in connection with a withdrawal or transfer. Each Portfolio determines the amount of the redemption fee and when the fee is imposed. The redemption fee is retained by or paid to the Portfolio and is not retained by us. The redemption fee will be deducted from your Contract Value. For more information on each Portfolio’s redemption fee, see the Portfolio prospectus. See also “Transfers – Policy and Procedures Regarding Disruptive Trading and Market Timing.”
Other Charges

 •
We charge $5 for each additional annual report you request.

•
We charge $1.50 per $1,000 for each increase in Principal Sum (this charge cannot exceed $300 per increase).

•
Certain riders attached to the Policy will have their own charges.
Death Benefit

 

 
Death Benefit Proceeds
As long as the Policy is in force, we will pay the Death Benefit Proceeds once we receive satisfactory proof of the Insured’s death at our Home Office. We may require return of the Policy. We will pay the Death Benefit Proceeds to the primary Beneficiary or a contingent beneficiary. If the Beneficiary dies before the Insured and there is no contingent beneficiary, we will pay the Death Benefit Proceeds to the Owner or the Owner’s estate. We will pay the Death Benefit Proceeds in a lump sum or a series of payments according to the payment option selected by the Beneficiary. For more information, see “Payment Options” in the SAI.
 
Death benefit proceeds equal:
• the death benefit (described below); minus
• any past due Monthly Deductions; minus
 
• any outstanding Policy loan on the date of death; minus
 
• any interest you owe on the Policy loan(s); plus
 
• any additional benefits payable under the terms of any riders attached to the Policy.
If all or a part of the Death Benefit Proceeds are paid in one lump sum and the proceeds are at least $10,000, we will place the lump-sum payment into an interest-bearing special account opened in the Beneficiary’s name unless the Beneficiary elects to receive the lump sum by check or payment by check is required by applicable law.
We will provide the Beneficiary with a checkbook to access these Funds from the special account within seven days of our receipt of due proof of death and payment instructions at the Service Center. The Beneficiary can withdraw all or a portion of the Death Benefit Proceeds at any time, and will receive interest on the proceeds remaining in the account. The special account is part of our General Account, is not FDIC Insured, and is subject to the claims of our creditors. We may receive a benefit from the amounts held in the account.
We may further adjust the amount of the Death Benefit Proceeds under certain circumstances. See “Additional Policy Provisions – Our Right to Contest the Policy, Misstatement of Age or Sex, and Suicide Exclusion” in the SAI.
Death Benefit Options
In your application, you tell us how much life insurance coverage you initially want to purchase on the life of the Insured. We call this the “Principal Sum” of insurance. You also choose whether the death benefit we will pay is Option A (variable death benefit through Attained Age 99), or Option B (level death benefit through Attained Age 99). For Attained Ages after age 99, the death benefit equals the Contract Value. You may change the death benefit option after the first Policy year.
 
The variable death
benefit under
Option A is the
greater of:
• the Principal Sum plus the Contract Value (determined as of the end of the Valuation Period during which the Insured dies); or
• the death benefit required by the Tax Code (Contract Value on the date of death multiplied by the applicable death benefit percentage).
 
Under Option A, the death benefit varies with the Contract Value.
 
The level death benefit under Option B is the greater of:
• the Principal Sum on the date of death; or
• the death benefit required by the Tax Code (Contract Value on the date of death multiplied by the applicable death benefit percentage).
Under Option B, your death benefit generally equals the Principal Sum and will remain level, unless the Contract Value becomes so large that the Tax Code requires a higher death benefit (Contract Value times the applicable death benefit percentage).
Under Option A, your death benefit will tend to be higher than under Option B. However, the monthly insurance charges we deduct will also be higher to compensate us for our additional risk. Because of this, your Contract Value will tend to be higher under Option B than under Option A.
In order for the Policy to qualify as life insurance, Federal tax law requires that your death benefit be at least as much as your Contract Value multiplied by the applicable death benefit percentage. The death benefit percentage is based on the Insured person’s Attained Age. For example, the death benefit percentage is 250% for an Insured at age 40 or under, and it declines for older Insureds. The following table indicates the applicable death benefit percentages for different Attained Ages:
 
Attained Age
 
 
 
Death Benefit Percentage
 
40 and under
 
250%
41 to 45
 
250% minus 7% for each age over age 40
46 to 50
 
209% minus 6% for each age over age 46
51 to 55
 
178% minus 7% for each age over age 51
56 to 60
 
146% minus 4% for each age over age 56
61 to 65
 
128% minus 2% for each age over age 61
66 to 70
 
119% minus 1% for each age over age 66
71 to 74
 
113% minus 2% for each age over age 71
75 to 90
 
105%
91 to 94
 
104% minus 1% for each age over age 91
95 and above
 
100%
If the Tax Code requires us to increase the death benefit by reference to the death benefit percentages, that increase in the death benefit will increase our risk, and will result in a higher monthly cost of insurance.
Option A Example. Assume that the Insured’s Attained Age is under 40, that there have been no decreases in the Principal Sum, and that there are no outstanding loans. Under Option A, a Policy with a Principal Sum of $50,000 will have a death benefit equal to the greater of $50,000 plus Contract Value or 250% of the Contract Value. Thus, a Policy with a Contract Value of $10,000 will have a death benefit of $60,000 (that is, the greater of $60,000 ($50,000 + $10,000) or $25,000 (250% of $10,000)).
However, once the Contract Value exceeds $33,334, the death benefit determined by reference to the death benefit percentage ($33,334 X 250% = $83,335) will be greater than the Principal Sum plus Contract Value ($50,000 + $33,334 = $83,334). Each additional dollar of Contract Value above $33,334 will increase the death benefit by $2.50. This is a circumstance in which we have the right to prohibit you from paying additional Premiums because an additional dollar of premium would increase the death benefit by more than one dollar.
Similarly, under this scenario, any time Contract Value exceeds $33,334, each dollar taken out of Contract Value will reduce the death benefit by $2.50.
Option B Example. Assume that the Insured’s Attained Age is under 40, there have been no withdrawals or decreases in Principal Sum, and that there are no outstanding loans. Under Option B, a Policy with a $50,000 Principal Sum will generally have a $50,000 death benefit. However, because the death benefit must be equal to or be greater than 250% of Contract Value, any time the Contract Value exceeds $20,000, the death benefit will be determined as required by the Tax Code (Contract Value X 250%) and will exceed the Principal Sum of $50,000. Each additional dollar added to the Contract Value above $20,000 will increase the death benefit by $2.50. This is a circumstance in which we have the right to prohibit you from paying additional Premiums because an additional dollar of premium would increase the death benefit by more than one dollar.
Similarly, so long as the Contract Value exceeds $20,000, each dollar taken out of the Contract Value will reduce the death benefit by $2.50.
 
Changing Death Benefit Options
After the first Policy year, you may change death benefit options or change the Principal Sum (but not both, unless done simultaneously) once each Policy year.
A change in death benefit option may affect the future monthly cost of insurance charge, which varies with the Risk Insurance Amount. Generally, the Risk Insurance Amount is the amount by which the death benefit exceeds the Contract Value. (See “Charges and Deductions – Monthly Deduction – Cost of Insurance Charge.”) If the death benefit does not equal Contract Value times the death benefit percentage under either Options A or B, changing from Option A (variable death benefit) to Option B (level death benefit) will generally decrease the future Risk Insurance Amount. This would decrease the future cost of insurance charges. Changing from Option B (level death benefit) to Option A (variable death benefit) generally results in a Risk Insurance Amount that remains level. Such a change, however, results in an increase in cost of insurance charges over time, since the cost of insurance rates increase with the Insured’s age. Changing the death benefit option may have tax consequences. You should consult a tax adviser before changing the death benefit option.
After any change in death benefit option, the total Surrender charge for the Policy will continue to be based on the Principal Sum on the issue date on which Surrender charges have not already been imposed.
For a more detailed discussion on changing death benefit options, see the SAI.
Effects of Withdrawals on the Death Benefit
If you have selected the variable death benefit (Option A), a withdrawal will not affect the Principal Sum. But if you have selected the level death benefit (Option B), a partial withdrawal will reduce the Principal Sum by the amount of the withdrawal (not including Surrender charges or the processing fee). The reduction in Principal Sum will be subject to the terms of the Changing the Principal Sum section below.
Changing the Principal Sum
When you apply for the Policy, you tell us how much life insurance coverage you initially want on the life of the Insured. We call this the Principal Sum. After the first Policy year, you may change the Principal Sum subject to the conditions described below. You may either change the Principal Sum or change the death benefit option (but not both, unless done simultaneously) no more than once per Policy year. We will send you a Policy endorsement with the change to attach to your Policy.
Increasing the Principal Sum could increase the death benefit. Decreasing the Principal Sum could decrease the death benefit. The amount of change in the death benefit will depend, among other things, upon the selected death benefit option and the degree to which the death benefit exceeds the Principal Sum prior to the change.
Changing the Principal Sum could affect the subsequent level of death benefit we pay and your Policy values. An increase in the Principal Sum may increase the Risk Insurance Amount, thereby increasing your cost of insurance charge. Conversely, a decrease in the Principal Sum may decrease the Risk Insurance Amount, thereby decreasing your cost of insurance charge.
We will not permit any change that would result in your Policy being disqualified as a life insurance contract under Section 7702 of the Tax Code. However, changing the Principal Sum may have other tax consequences. You should consult a tax adviser before changing the Principal Sum.
Increases

 •
You may increase the Principal Sum by submitting a written request and providing evidence of insurability satisfactory to us. The increase will be effective on the Monthly Due Date following our approval of your request. We can deny your request for reasons including but not limited to the following:

¡ 
We do not wish to increase the death benefits due to the Insured’s health, occupation, avocations, or any factor that we believe has a bearing on the Insured’s risk of death.

¡ 
We conclude the Insured has an excessive amount of insurance coverage.

¡  
We conclude the Owner no longer has an insurable interest in the Insured.

•
You can increase the Principal Sum at any time after the first Policy year and before the Insured’s Attained Age 80.

•
The minimum increase is $10,000.
 

 •
We deduct a processing fee from the Contract Value equal to $1.50 per $1,000 of increase. The fee cannot exceed $300 per increase. The processing fee will be deducted from the Subaccounts and the Fixed Account on a pro-rata basis, unless you give us different instructions.

•
If the amount of the Contract Value is insufficient to cover the processing fee, you must add sufficient additional Premiums before the increase in Principal Sum will become effective.

•
Increasing the Principal Sum will increase your Policy’s minimum premium.
Decreases

 •
You may decrease the Principal Sum, but not below the minimum Principal Sum amount shown on your Policy’s specifications page.

•
You must submit a written request to decrease the Principal Sum. Evidence of insurability is not required.

•
Any decrease will be effective on the Monthly Due Date following our approval of your request.

•
Any decrease will first be used to:

1.
reduce the most recent increase; then

2.
the next most recent increases in succession; and then

3.
the Principal Sum on the issue date (subject to a Surrender charge).

•
If you decrease the Principal Sum that was in effect on the issue date, we will assess the Administrative Component of the Surrender charge. To determine the Surrender charge for a decrease in Principal Sum, multiply the appropriate Surrender charge factor from the tables in Appendix C by the number of thousands of Principal Sum (as of the issue date) that are now being decreased. Only a reduction in the original Principal Sum amount (as of the issue date) incurs a Surrender charge. Surrender charges will be deducted from the Subaccounts and the Fixed Account on a pro-rata basis, unless you give us different instructions.

•
A decrease in Principal Sum may require that a portion of a Policy’s Surrender Value be distributed as a partial Surrender in order to maintain federal tax compliance. Decreasing the Principal Sum may also cause your Policy to become an MEC under federal tax law and receive less favorable tax treatment than other life insurance policies. See “Tax Treatment of Policy Benefits, Modified Endowment Contracts.”

•
Decreasing the Principal Sum will reduce your Policy’s minimum premium.
Payment Options
There are several ways of receiving proceeds under the death benefit and Surrender provisions of the Policy, other than in a lump sum. None of these options vary with the investment performance of the Variable Account. For a discussion of the settlement options described in your Policy, see the SAI.
 
Other Benefits Available Under the Policy

 

 
In addition to the standard death benefit associated with your contract, other standard and/or optional benefits may also be available to you. The following tables summarize information about those benefits. Information about the fees associated with each benefit included in the tables may be found in the Fee Table.
 
Optional Benefits With No Additional Charge
  
Name of Benefit
 
 
Purpose
 
Brief Description of Restrictions/Limitation
 
  
Accelerated Benefit Rider for Terminal Illness
Access up to 50% of the Death Benefit (subject to a $150,000 maximum) under the Policy if the Insured is diagnosed with a terminal illness as defined in the Policy.
• The Policy’s expiration/maturity date must be more than 2 years from the request of the benefit under this rider.
• Consent from irrevocable beneficiaries and permitted assignees, if any, needed.
• No benefit if the Policy Owner is a) required by law to use this benefit to meet the claims of creditors, whether in bankruptcy or otherwise, or b) required by a government entity to use this benefit in order to apply for, obtain, or otherwise keep a government benefit or entitlement, or for any other reason.
• No benefit if the Terminal Illness results from actions of the Insured that are intended or would be expected to result in injury.
  
Automatic Increase Benefit Rider
Automatic annual increases in principal sum of this policy
• Increases apply on each Policy Anniversary prior to the Insured’s Attained Age 55 unless benefits are paid under the terms of the Waiver of Deduction or Monthly Disability Benefit riders.
• The rider ends when the Insured attains age 55.
  
Optional Benefits With Additional Charge
  
Name of Benefit
 
Purpose
 
Brief Description of Restrictions/Limitation
 
  
Accidental Death Benefit Rider
Payment of an additional death benefit if the Insured’s death was caused by accidental bodily injury.
• Exclusions from Coverage – Death resulting from:
¡ Suicide whether sane or insane;
¡ War or any act attributable to war, declared or undeclared, whether the Insured is in the military service or not;
¡ Bodily or mental infirmity, illness or disease of any kind;
¡ Bacterial infection other than infection occurring as a result of accidental or external bodily injuries;
¡ Committing or attempting to commit an assault or felony;
¡ Voluntary taking of any poison, drug or sedative, asphyxiation from voluntary inhalation of gas;
¡ Participating in aviation, except as a passenger.
  
 
Optional Benefits With No Additional Charge
 
Name of Benefit
 
Purpose
 
Brief Description of Restrictions/Limitation
 
 
Children’s Term Insurance Rider
Term insurance on the Insured’s current and future legal dependent children.
• Insurance coverage for each insured child continues until the earlier: (1) the child’s 22nd birthday, or (2) the Insured reaches Attained Age 65.
 
Waiver of Deduction Rider
Waives Monthly Deductions due to the Insured’s qualifying total disability.
• Exclusions from coverage – disability resulting from:
¡ Intentional self-inflicted injury;
¡ War or any act attributable to war, declared or undeclared, while the Insured is in the military, naval or air service of any country;
¡ Participation in aviation, except as a passenger
 
Additional Insured Term Insurance Rider
Provides level term insurance to the additional insured’s attained age 70
• While this policy and rider are in force, the insurance on the additional insured may be converted to a permanent plan of life insurance available at the time of conversion. This rider may be converted:
¡ prior to the additional insured’s attained age 59; or
¡ within 60 days of the insured’s death prior to the additional insured’s attained age 70.
 
Monthly Disability Benefit Rider
Payment of a Monthly Disability Benefit if the insured is totally Disabled.
• Not available under Policies issued after August 7, 2015
• Exclusions from Coverage – Disability resulting from:
¡ Intentional self-inflicted injury;
¡ War or any act attributable to war, declared or undeclared, while the Insured is in the military, naval or air service of any country.
Accelerated Benefit Rider For Terminal Illness
We will pay the Policy Owner the Benefit Amount, subject to the terms and conditions of this rider, if the Insured is diagnosed by a Physician as having a Terminal Illness. The Benefit Amount is a part of the Policy’s death benefit paid while the Insured is living. If the Insured dies before payment is made then no Benefit Amount is payable.
The maximum portion of the death benefit available for acceleration is the lesser of: (1) $150,000; or (2) 50 percent of the death benefit available on the policy to which this rider is attached on the date the request for the Benefit Amount is received in our home office. If, however, at the time of request for the Benefit Amounts, the death benefit equals the surrender value, and the Insured’s death is anticipated within 24 months, any amount up to 100 percent of the death benefit is available for acceleration.
Non-accelerated benefits provided by riders attached to the policy are not included in the determination of the Benefit Amount.
Adjustments and Deductions. The Benefit Amount is subject to the following adjustments and deductions:

 1.
We will pay the present value of the amount available for acceleration under the Benefit Amount. This calculation will be based on the applicable actuarial discount appropriate to the Policy. The maximum interest rate used for the discount is the greater of:

a.
the current yield on 90 day US Treasury Bills; or

b.
the current maximum statutory adjustable policy loan interest rate.
 

 2.
If, on the date we approve the request, there is an outstanding policy loan, the Benefit Amount will be reduced by the Benefit Percentage multiplied by the outstanding loan balance. This reduction repays a portion of the policy loan.

3.
If this rider is attached to a Universal Life Policy, we will reduce the Benefit Amount by any monthly deductions that are due and unpaid at the time we approved the request for payment of the Benefit Amount. Otherwise, we will reduce the Benefit Amount by any premiums which are due and unpaid at the time we approve the request.

4.
We may reduce the Benefit Amount by an administrative charge not to exceed $250.
Conditions for Payment. Payment of the Benefit Amount is subject to the following conditions:

 1.
The expiration or maturity date of the Policy must be more than 2 years from the date the Benefit Amount is requested. The Policy must not be in force as extended term or reduced paid-up insurance.

2.
The sum of Benefit Amounts on this and any other policies issued by us on the life of the Insured may not exceed $150,000. Only one Benefit Amount is allowed per Policy. These limitations will not apply to this Policy if the benefit is requested at a time when the death benefit proceeds that would be payable under the Policy in the event of the Insured’s death are the same as the proceeds that would be payable if the Policy was surrendered.

3.
We must receive proof of eligibility that is acceptable to us and will only pay the Benefit Amount during the Insured’s Lifetime.

4.
We must receive a consent form from all irrevocable beneficiaries and permitted assignees, if any. We also reserve the right to require a consent form from the Insured and the Policy Owner of this policy, their spouses, other beneficiaries, and any other person if, in our sole discretion, such person’s consent is necessary to protect our interests.

5.
This benefit is not meant to cause involuntary access to proceeds. Therefore, this benefit is not available if the Policy Owner is:

a.
required by law to use this benefit to meet the claims of creditors, whether in bankruptcy or otherwise, or

b.
required by a government entity to use this benefit in order to apply for, obtain, or otherwise keep a government benefit or entitlement, or for any other reason.

6.
Limitations—In addition to any other conditions, exclusions or limitations set forth in this rider, no benefit will be provided by this rider if the Terminal Illness results from actions of the Insured that are intended or would be expected to result in injury
Proof of Eligibility. Written proof of the Insured’s Terminal Illness, in form and content acceptable to us, must be received by us at our home office before we will pay the Benefit Amount. This proof will include properly completed claim forms, a Physician’s Statement, and medical information acceptable to us supporting the Diagnosis including documentation supported by clinical, radiological, histological and laboratory evidence. We may require additional medical information from the Physician submitting the statement and from other Physicians, specialists, or institutions having knowledge of the Insured’s Terminal Illness.
Physical Examination At our expense, we reserve the right to have a Physician of our choosing examine the Insured prior to paying the Benefit Amount, and as often as we deem reasonably necessary to determine the validity of your claim. We reserve the right to rely on the Physician we choose for claim purposes.
Payment of Claims. The Benefit Amount will be paid to the Policy Owner. We may place benefits in an interest bearing account to which the Policy Owner will have full access, unless the Policy Owner directs otherwise.
Effect on the Policy. After the Benefit Amount is paid, the policy will remain in force subject to the following adjustments:

 1.
This rider will terminate.

2.
The death benefit or principal sum, contract value or cash value, accumulation account, excluding any riders other than the Critical Illness Accelerated Benefit Rider, if any, and any outstanding loans, as applicable, will be reduced by the Benefit Percentage. For Variable Policies, amounts in any subaccounts and the fixed account will be reduced by the same percentage.
 

 3.
Cost of insurance charges and other monthly charges, if any, and any required premiums will be adjusted appropriately to reflect the current coverage.

4.
Any outstanding loan will be reduced by the amount of loan repayment as described in item 2 of the Adjustments and Deductions section of this rider.

5.
The benefits for any Accidental Death Benefit Rider and/or Children’s Term Insurance Rider will not be affected, provided these riders remain in effect according to the terms and conditions of any such riders.

6.
We will send the Policy Owner, any irrevocable beneficiary and any permitted assignee, a statement showing the effect of the payment of the Benefit Amount on the Policy.
Termination of Rider. This rider ends on the earlier of the following:

 1.
When we receive the Policy Owner’s written request to cancel this rider;

2.
When the policy to which this rider is attached ends for any reason;

3.
When the policy is in force as reduced paid-up or extended term insurance;

4.
When we pay the Benefit Amount provided by this rider; or

5.
When the Insured dies.
Guaranteed Values. This rider does not increase or decrease any Guaranteed Values of the Policy.
Example.
John Doe is 49 years old, lives in Texas, and meets the medical condition requirements for the Accelerated Benefit Rider for Terminal Illness. His increasing death benefit option policy has a face amount of $325,000, and a current account value of $123,000 on the date the request for accelerated benefit is received. He has a $50,000 loan balance on the policy, and no other policies with Farmers.
The maximum death benefit available for acceleration is $150,000.
 
= min (150000, 50% × Death Benefit Available)
 
= min (150000, 50% × (325000 + 123000 – 50000))
 
= min (150000, 199000)
 
= 150000
The interest rate used for the actuarial discount of the benefit is 2.96%.
= max (Current Yield on 90 day US Treasury Bills, Current Max Stat Adjustable Policy Loan Interest Rate)
= max (0.12%, 2.96%)
= 2.96%
The benefit amount will be reduced by $18,844.22 due to the policy loan balance.
 
=
Maximum Benefit Available
 
x
Outstanding Loan Balance
Current Death Benefit
 
= 
150000
 
×  50000 
(325000 + 123000 – 50000)
 
 
 
 
     = 18844.22
 
For this example, there are no monthly deduction that are due and unpaid, and no premiums which are due and unpaid.
The benefit will be reduced by an additional $150, because John Doe lives in Texas.
 
The final benefit amount received will be $126,693.42
 
=
Max Benefit
 
– Reduction for  Loan – Administrative Charge
(1 + Interest Rae  for Discounting)
 
= 
150000
 
— 
18844.22 – 150
 
1 + 2.96%
 
 
 
= 126693.42
Automatic Increase Benefit Rider
We will automatically increase the principal sum of this policy on each anniversary of the policy issue date subject to the terms below. Evidence of insurability is not required.
On each policy anniversary prior to the insured’s attained age 55 we will increase: 1) the planned (billed) premium by 3 percent and 2) the principal sum of this policy by the lesser of 3 percent of the original principal sum or $10,000
These increases will continue automatically unless: 1) benefits are paid under the terms of the Waiver of Deduction or Monthly Disability Benefit riders (automatic increases will resume when benefits are no longer being paid under the terms of either of these riders); or 2) this rider ends as described in the Termination of Rider section.
There are no monthly charges for this rider. Cost of insurance charges are applied to the increased risk insurance amount as described in the policy.
Termination of Rider This rider will end when:

 1.
the insured attains age 55;

2.
an increase is refused by the owner of this policy (we must receive the owner’s signed notice of refusal within 30 days of the policy anniversary);

3.
the total of all increases equals the original principal sum of this policy;

4.
the policy ends for any reason;

5.
the owner requests a decrease in

6.
the owner’s signed request for termination is received.
Example.
Joyce Ward purchased a $125,000 policy on September 9th, 2020 when she was 51. Each policy anniversary prior to attained age 55, Joyce’s policy will increase by 3% of the face amount on the policy’s issue date, $3750. See the table below for a face amount schedule.
 
Attained Age
 
 
 
Date
 
 
Total Face
Amount
 
51
 
9/20/2020
 
125,000
52
 
9/20/2021
 
128,750
53
 
9/20/2022
 
132,500
54
 
9/20/2023
 
136,250
55
 
9/20/2024
 
136,250
56
 
9/20/2025
 
136,250
Accidental Death Benefit Rider
This Accidental Death Benefit provides insurance on the life of the Insured, but does not provide insurance on any other person or persons insured. We will pay the Accidental Death Benefit amount to the beneficiary upon receipt of due proof that the insured’s death was caused by accidental bodily injury subject to the terms below. The Accidental Death Benefit amount is shown on the policy specifications page.
Death must occur:

 1.
as a direct result of accidental bodily injury and independently of all other causes; and

2.
within 90 days of such injury; and

3.
before the insured reaches attained age 70; and

4.
while this policy and rider are in force.
 
We will not pay this benefit if the death results from:

 1.
suicide whether sane or insane;

2.
war or any act attributable to war, declared or undeclared, whether the insured is in the military service or not;

3.
bodily or mental infirmity, illness or disease of any kind;

4.
bacterial infection other than infection occurring as a result of accidental or external bodily injuries;

5.
committing or attempting to commit an assault or felony;

6.
the voluntary taking of any poison, drug or sedative, asphyxiation from voluntary inhalation of gas;

7.
participation in aviation, except as a passenger.
The charge for this rider will be added to the monthly deduction for this policy. The monthly charge for this rider is the sum of:

 1.
the risk rate at the insured’s attained age times the number of thousands of Accidental Death Benefit amount shown on the policy specifications page; plus

2.
the extra monthly charge for a special premium class for this rider, if any.
If this policy provides for Waiver of Deduction, the monthly charge for this rider will be waived if the monthly deduction for the policy is waived.
Guaranteed maximum monthly risk rates are shown in the following table.
 
GUARANTEED MAXIMUM RISK RATES PER $1,000 BY ATTAINED AGE
AGE
RISK
RATE
AGE
RISK
RATE
AGE
RISK
RATE
AGE
RISK
RATE
AGE
RISK
RATE
<S>
<C>
<C>
<C>
<C>
<C>
<C>
<C>
<C>
<C>
 
 
 
 
 
 
 
 
 
 
1
0.104
15
0.104
29
0.083
43
0.104
57
0.125
 
                  
2
0.104
16
0.125
30
0.083
44
0.104
58
0.125
 
                  
3
0.083
17
0.146
31
0.083
45
0.104
59
0.125
 
                  
4
0.083
18
0.146
32
0.083
46
0.104
60
0.125
 
                  
5
0.083
19
0.146
33
0.083
47
0.104
61
0.146
 
                  
6
0.083
20
0.146
34
0.083
48
0.104
62
0.146
 
                  
7
0.083
21
0.146
35
0.083
49
0.104
63
0.146
 
                  
8
0.083
22
0.125
36
0.083
50
0.104
64
0.167
 
                  
9
0.083
23
0.125
37
0.083
51
0.104
65
0.167
 
                  
10
0.083
24
0.104
38
0.083
52
0.104
66
0.167
 
                  
11
0.083
25
0.104
39
0.083
53
0.104
67
0.188
 
                  
12
0.083
26
0.104
40
0.083
54
0.104
68
0.188
 
                  
13
0.083
27
0.104
41
0.083
55
0.125
69
0.188
 
                  
14
0.083
28
0.083
42
0.083
56
0.125
    
This rider will end when: 1) the insured attains age 70; or 2) the policy ends; or 3) the owner’s signed request for termination is received.
 
Example
Jane Smith is 57 when her base policy is issued. She elects an additional $100,000 of Accidental Death Benefit coverage.
Under the guaranteed maximum charges, she will pay the following schedule of charges, each month.
 
Attained Age
 
 
 
Risk Rate
 
 
Guar Max monthly Charges for
$100,000 Coverage
 
57
 
0.125
   
$ 12.50
58
 
0.125
 
$ 12.50
59
 
0.125
 
$ 12.50
60
 
0.125
 
$ 12.50
61
 
0.146
 
$ 14.60
62
 
0.146
 
$ 14.60
63
 
0.146
 
$ 14.60
64
 
0.167
 
$ 16.70
65
 
0.167
 
$ 16.70
66
 
0.167
 
$ 16.70
67
 
0.188
 
$ 18.80
68
 
0.188
 
$ 18.80
69
 
0.188
 
$ 18.80
For example, when Jane has an attained age of 61, she will pay $14.60 each month, 175.20 for the year, for her accidental death coverage. If Jane dies prior to attained age 70, under applicable causes, the beneficiary will receive an additional $100,000 of death benefit. If Jane lives to attained age 70 or dies of other causes not covered by the rider, the beneficiary will only receive the base coverage death benefit.
Children’s Term Insurance Rider
This rider provides for a payment to the Beneficiary of the rider a Children’s Term Rider amount which will be shown on the Policy Specifications page upon our receipt of due proof of the death of an Insured Child, provided 1) this rider is in force on the date of death; and 2) death occurred prior to the Insured Child’s 22nd birthday. Upon receipt of due proof of the insured’s death while this rider is in force, we will waive the monthly charges for this rider and continue the term insurance to age 22 on each insured child.
Each of the children described below is an Insured Child from age 15 days until the earliest of either the child’s 22nd birthday or the Insured’s Attained Age 65.

 1.
A child of the Insured who is listed in the application and is not yet 20 years of age on the effective date of this rider.

2.
A future child born to the Insured.

3.
A child legally adopted by the Insured before the child is age 20 and before the Insured Attains Age 63.
The insured is the beneficiary under this rider. If the owner is living at the time of the insured’s death, the owner will become the beneficiary. If the owner is not living, the surviving insured children will share and share alike.
The charge for this rider will be added to the monthly deduction for this policy. The guaranteed maximum monthly charge for this rider is $X.XX times the number of thousands of Children’s Term Rider amount.
If this policy provides for Waiver of Deduction, the monthly charge for this rider will be waived if the monthly deduction for the policy is waived.
The insurance on each child may be converted to a permanent plan of life insurance available at the time of conversion. Conversion is subject to the following terms:

 1.
The new policy will be based on the child’s attained age on the date it takes effect. The new policy will contain the provisions then being included in new policies. It will be based on the policy minimums and rates in effect at that time.

2.
The amount of the policy may not exceed $1,000 for each $1,000 of insurance provided by this rider. If the conversion is made within 31 days following the earliest of either the child’s 22nd birthday or the insured’s attained age 65, the amount of the new policy may not exceed $5,000 for each $1,000 of insurance provided by this rider.
 

 3.
If the charge for this rider is being waived at the date of conversion, the charge or premium for the new policy will not continue to be waived.

4.
Evidence of insurability will not be required for the new policy. It will be required for:

a.
accidental death benefits, or

b.
disability benefits, or

c.
any other benefits which increase the insurance risk.

5.
The suicide and incontestability will be measured from the effective date of this rider.

6.
We must receive the owner’s signed request for conversion while this policy and rider are in force or within 31 days of the end of this rider.

7.
The required premium and this policy must accompany the request for conversion. We will endorse this rider to exclude the child with the new policy and return the policy to the owner.
Upon receipt of due proof that the death of a child eligible to be insured under a new policy occurred during the 31 days following the expiry of that child’s insurance under this rider and before any new policy had become effective, we will pay to the beneficiary of this rider the amount which would have been paid if such child’s term insurance had not expired.
Termination of Rider. This rider will end when:

 1.
the Insured dies or Attains Age 65;

2.
the youngest Insured Child covered by this rider reaches age 22;

3.
all Insured Children have exercised their conversion privilege;

4.
the policy ends; or

5.
we receive your signed request for termination of this rider.
Example.
Aaron Johnson is 40 years old when he purchases his policy with an additional $5000 of coverage under the Children’s Term Insurance Rider for his son, Mark, who is 5 years old. When Aaron is 45 years old, he has a second child, Mary, who is eligible for an additional $5000 of coverage under the Children’s Term Insurance Rider for her when she is 15 days old. The following table outlines the guaranteed maximum monthly risk charge Aaron will pay for $5000 of coverage on each child. Mark will be covered from age 5 until age 22, and Mary will be covered from 15 days old until Aaron attains age 65.
 
Insured’s
Attained Age
 
 
 
Child 1’s
Attained Age
 
 
Child 2’s
Attained Age
 
 
Guar Max
Monthly
Risk Charge
 
40
 
5
 
na
 
$4.35
41
 
6
 
na
 
$4.35
 
 
na
 
45
 
10
 
0
 
$4.35
46
 
11
 
1
 
$4.35
 
 
 
56
 
21
 
11
 
$4.35
57
 
22
 
12
 
$4.35
 
 
 
64
 
29
 
19
 
$4.35
65
 
30
 
20
 
$—
Waiver of Deduction Rider
When we receive proof that the insured is totally disabled as defined below, we will waive the monthly deductions due after the start of and during the insured’s continued total disability, subject to the terms below.
Disability means that as a result of bodily injury or disease starting after the date of issue, the insured is totally disabled so that the insured: 1) is and for a continuous period of at least six months has been prevented from working in any occupation for which the insured reasonably qualified by education, training or experience; or 2) has suffered total and irrecoverable loss of the sight of eyes, or the loss of both hands, or both feet, or one hand and foot.
Disability must start while this policy and rider are in force, and before the insured reaches attained age 60. Written notice of disability must be received by us at the home office during the insured’s continuing disability unless it can be shown that notice was given as soon as reasonably possible. No monthly deduction will be waived which became due more than 12 months before receipt of written notice of claim. The monthly deduction must be paid until the claim is approved. If the claim is approved, we will credit the contract value with all monthly deductions that were deducted from the contract value since the start of the disability.
We will not waive monthly deductions if disability results from:

 1.
Intentional self-inflicted injury.

2.
War or any act attributable to war, declared or undeclared, while the insured is in the military, naval or air service of any country.

3.
Participation in aviation, except as a passenger.
The owner must give proof of the insured’s continuing disability upon request unless benefits are being paid under Paragraph 2 of the section entitled Disability Defined. This proof may require that the insured be examined by a physician acceptable to us. If this proof is not furnished within 91 days of a request, this disability benefit will end. We will notify the owner of the monthly deduction then due.
The charge for this rider will be added to the monthly deduction for this policy. The monthly charge for this rider is a percentage of the sum of:

 1.
the cost of insurance charge for the policy; and

2.
the monthly charges for any other riders attached to this policy; and

3.
the monthly administration charge; and

4.
the flat extra monthly charge for a special premium class, if any.
This percentage is based on the insured’s attained age and the death benefit option. The guaranteed maximum percentages are shown in the following table.
 
       
GUARANTEED MAXIMUM PERCENTAGES
Attained
Age
Percentage
%
Attained
Age
Percentage
%
<5>
<C>
<C>
<C>
 
 
 
 
16-30
6.0
51-55
15.0
 
 
 
 
31-40
7.0
56-59
20.0
 
 
 
 
41-45
8.0
60 and above
0.0
 
 
 
 
46-50
10.0
    
This rider will end when:

 1.
the insured attains age 60 before the start of any disability; or

2.
the policy ends; or

3.
the owner’s signed request for termination is received.
Any proceeds paid under this policy will not be reduced by any monthly deductions waived under this rider.
Additional Insured Term Insurance Rider
This rider provides level term insurance to the additional insured’s attained age 70. Attained age is the additional insured’s age at issue plus the number of years since issue of this rider.
Upon receipt of due proof of the death of the additional insured while this rider is in force we will pay the additional insured rider amount shown on the Policy Specifications page. The additional insured rider amount may not exceed the principal sum of the policy to which this rider is attached. The insured is the beneficiary of this rider. If the insured and the additional insured die at the same time, or if the order of the deaths cannot be determined, the benefits of this rider will be paid as if the additional insured died first.
While this policy and rider are in force, the insurance on the additional insured may be converted to a permanent plan of life insurance available at the time of conversion. This rider may be converted: 1) prior to the additional insured’s attained age 59; or 2) within 60 days of the insured’s death prior to the additional insured’s attained age 70.
Conversion is subject to the following:

 1.
The new policy will be based on the additional insured’s attained age on the date it takes effect. The new policy will contain the provisions then being included in new policies. It will be based on the policy minimums and rates in effect at that time. The additional insured will retain the same rating classification as on this rider.
 

 2.
Evidence of insurability will not be required for the new policy. It will be required for:

a.
accidental death benefits, or

b.
disability benefits, or

c.
any other benefits which increase the insurance risk.

3.
The suicide and incontestable periods for the new policy will be measured from the date of issue of this rider.

4.
The principal sum of the new policy may not exceed the death benefit amount of this rider.

5.
If the charge for this rider is being waived under the Waiver of Deduction rider at the date of conversion, the charge or premium for the new policy will not continue to be waived.

6.
The required premium and this policy must accompany the owner’s signed request for conversion.
This rider will end when: 1) the policy ends for any reason, 2) we receive the owner’s signed request for termination, or the additional insured attains age 70.
The charge for this rider will be added to the monthly deduction for this policy. The monthly charge for this rider is the risk rate per $1,000 at the additional insured’s attained age times the number of thousands of additional insured rider amount shown on the Policy Specifications page.
If the additional insured is in a special premium class, the charge for this rider will be increased by an extra monthly charge.
If this policy provides for Waiver of Deduction, the charge for this rider will be waived if the monthly deduction for the policy is waived.
Guaranteed maximum monthly risk rates are shown in the following table. These will be increased by an extra monthly charge if the additional insured is in a special premium class.
 
GUARANTEED MAXIMUM MONTHLY RISK RATES PER $1,000 OF ADDITIONAL
INSURED RIDER AMOUNT AT ADDITIONAL INSURED’S ATTAINED AGE
 
RISK RATE
 
RISK
RATE
 
RISK
RATE
 
RISK
RATE
<S>
<C>
<C>
<C>
<C>
<C>
<C>
<C>
 
 
 
 
 
 
 
 
21
0.13788
34
0.13705
46
0.30982
58
0.90869
 
 
 
 
 
 
 
 
22
0.13539
35
0.14370
47
0.33474
59
1.00089
 
 
 
 
 
 
 
 
23
0.13207
36
0.15117
48
0.36215
60
1.10389
 
 
 
 
 
 
 
 
24
0.12875
37
0.16114
49
0.39205
61
1.21851
 
 
 
 
 
 
 
 
25
0.12459
38
0.17194
50
0.42611
62
1.35058
 
 
 
 
 
 
 
 
26
0.12210
39
0.18357
51
0.46514
63
1.50009
 
 
 
 
 
 
 
 
27
0.12044
40
0.19769
52
0.51000
64
1.66621
 
 
 
 
 
 
 
 
28
0.11961
41
0.21264
53
0.56150
65
1.84812
 
 
 
 
 
 
 
 
29
0.11961
42
0.22842
54
0.61881
66
2.04497
 
 
 
 
 
 
 
 
30
0.12044
43
0.24586
55
0.68276
67
2.25096
 
 
 
 
 
 
 
 
31
0.12293
44
0.26497
56
0.75254
68
2.48520
 
 
 
 
 
 
 
 
32
0.12625
45
0.28656
57
0.82646
69
2.73937
 
 
 
 
 
 
 
 
33
0.13124
            
We will not contest this rider after it has been in force for two years from the effective date of this rider during the additional insured’s lifetime.
If, within two years from the effective date of this rider, the additional insured dies by suicide, while sane or insane, we will limit the proceeds to the sum of monthly charges deducted for this rider.
The reserves for this rider are based on the Commissioners 1980 Standard Ordinary Table, the Commissioners Reserve Valuation Method and age last birthday. The statutory valuation interest rate does not exceed the maximum rate allowed by the valuation law of the state in which this rider is delivered.
This rider does not increase or decrease the guaranteed values of this policy.
 
Monthly Disability Benefit Rider
This rider provides for the addition of a monthly benefit to the Fixed Account Value of the policy on each Monthly Due Date during the Insured’s continued disability as defined below, but not beyond the Insured’s Attained Age 65. The monthly benefit is the monthly disability benefit rider amount multiplied by the percent of premium factor. The monthly disability benefit rider amount and the percent of premium factor are shown on policy specifications page.
Disability means that, as a result of bodily injury or disease starting after the Issue Date of this rider and before the Insured reaches Attained Age 60, the Insured is totally disabled so that the Insured: 1) is, and for a continuous period of at least 180 days has been, prevented from working in any occupation for which the Insured is reasonably qualified by education, training or experience; or 2) has suffered total and irrevocable loss of the sight of both eyes, or the loss of both hands, or both feet, or one hand and one foot. We must receive Written Notice of Disability at our Home Office during the Insured’s continuing disability and while the Insured is alive, unless it can be shown that notice was given as soon as reasonably possible.
We will not pay any monthly benefit until the claim for benefits under this rider is approved. If the claim is approved, we will add the monthly benefit to the Fixed Account Value beginning on the first Monthly Due Date after the start of the Insured’s disability.
We will not pay Monthly Benefits if the Disability results from: 1) intentional self-inflicted injury; or 2) war or any act attributable to war, declared or undeclared, while the Insured is in the military, naval or air service of any country. You must give proof of the Insured’s continuing disability upon request in certain circumstances. We reserve the right to require that the Insured be examined by a physician acceptable to us. If you do not furnish this proof within 91 days of our request, the benefit will end.
The Risk Charge for the rider is part of the Monthly Deduction for the policy. The Risk Charge is 1) the monthly disability benefit rider amount shown on the policy specifications page times a percentage at the insured’s attained age; plus 2) the extra monthly charge for a special premium class for this rider, if any. The Monthly Risk Rate for Monthly Disability Benefit is based on the Insured’s Attained Age. The Guaranteed Maximum Risk Rates for Monthly Disability Benefit are shown in the following table. We may use Monthly Risk Rates for Monthly Disability Benefit that are less than those shown in the table, but not greater.
 
       
GUARANTEED MAXIMUM PERCENTAGES
Attained
Age
Percentage
%
Attained
Age
Percentage
%
<S>
<C>
<C>
<C>
 
 
 
 
21-30
6.0
51-55
15.0
 
 
 
 
31-40
7.0
56-59
20.0
 
 
 
 
41-45
8.0
60 and
20.0
 
 
 
 
46-50
10.0
above
  
Termination of Rider. This rider will end when: 1) the Insured Attains Age 60 and is not Disabled; 2) You are receiving benefits under this rider and the Insured dies or Attains Age 65 or the Insured’s Disability Terminates; 3) the policy ends; or 4) We receive Your signed request for termination of this rider.
This rider does not increase or decrease any guaranteed values of policy.
Surrender and Withdrawals

 

 
Surrender
You may make a written request to Surrender your Policy for its Surrender Value, as calculated at the end of the Business Day on which we receive your signed request at the Service Center, unless you specify a later Business Day in your request. You should send your written request to the Service Center. The Surrender Value is the amount we pay when you Surrender your Policy.
 
The Surrender Value on any Business Day equals:

 •
the Contract Value as of such date; minus

•
any Surrender charge as of such date; minus

•
any outstanding Policy loans; minus

•
any interest you owe on the Policy loans.
 
Surrender
conditions:
• You must make your Surrender request in writing.
• Your written Surrender request must contain your signature.
• You should send your written request to the Service Center.
 
• The Insured must be alive and the Policy must be in force when you make your written request. A Surrender is effective as of the date when we receive your written request.
 
• You will incur a Surrender charge if you Surrender the Policy during the first 14 Policy years. See “Charges and Deductions.”
 
• Once you Surrender your Policy, all coverage and other benefits under it cease and cannot be reinstated.
 
• We will pay you the Surrender Value in a lump sum within seven calendar days unless you request other arrangements.
We will price complete Surrender requests that we receive from you at our Service Center before the NYSE closes for regular trading (usually, 4:00 p.m. Eastern Time, 1:00 p.m. Pacific Time) using the Accumulation Unit value determined at the close of that regular trading session of the NYSE. If we receive your complete Surrender request after the close of regular trading on the NYSE, we will price your Surrender request using the Accumulation Unit value determined at the close of the next regular trading session of the NYSE.
Surrendering the Policy may have adverse tax consequences, including a penalty tax. See “Federal Tax Considerations.”
Partial Withdrawals
After the first Policy year, you may request a withdrawal of a portion of your Contract Value subject to certain conditions. Partial withdrawals may have tax consequences, including a penalty tax. See “Federal Tax Considerations.”
 
   
Withdrawal
conditions:
• You must make your partial withdrawal request in writing.
• Your written partial withdrawal request must contain your signature.
• You should send your written request to the Service Center.
 
• You may make only one partial withdrawal each calendar quarter.
 
• You must request at least $500.
 
• You cannot withdraw more than 75% of the Surrender Value without Surrendering the Policy.
 
• You can specify the Subaccount(s) and Fixed Account from which to make the withdrawal, otherwise we will deduct the amount from the Subaccounts and the Fixed Account on a pro-rata basis (that is, according to the percentage of Contract Value contained in each Subaccount and the Fixed Account). No portion of the loan account may be withdrawn.
 
• We will price complete partial withdrawal requests that we receive from you at our Service Center before the NYSE closes for regular trading (usually, 4:00 p.m. Eastern Time, 1:00 p.m. Pacific Time) using the Accumulation Unit value determined at the close of that regular trading session. If we receive your complete partial withdrawal request after the close of regular trading on the NYSE, we will price your partial withdrawal request using the Accumulation Unit value determined at the close of the next regular trading session of the NYSE.
 
• We will reduce your Contract Value by the amount of the withdrawal you requested plus any processing fee and Surrender charge.
 
• We generally will pay a withdrawal request within seven calendar days after the Business Day when we receive the request.
 
Processing Fee for Partial Withdrawals. Whenever you take a withdrawal, we deduct a processing fee (on a pro rata basis) from the Contract Value equal to the lesser of $25 or 2% of the amount withdrawn.
Surrender Charge for Partial Withdrawals. If you make a partial withdrawal during the first 14 years from the issue date and you have elected the level death benefit (Option B), we may deduct a Surrender charge from your Contract Value. The Surrender charge on a withdrawal is equal to the appropriate Surrender charge factor from the table in Appendix C, multiplied by the number of thousands by which the Principal Sum on the issue date is reduced by the withdrawal, minus any reductions in the original Principal Sum for which we have already imposed a Surrender charge.
If the level death benefit (Option B) is in effect at the time of a withdrawal, we will reduce the Principal Sum by the amount of the withdrawal (but not by any Surrender charges or the processing fee). See “Changing the Principal Sum – Decreases.” We will not allow any withdrawal to reduce the Principal Sum below the minimum Principal Sum set forth in the Policy.
Income taxes, tax penalties and certain restrictions may apply to any withdrawals you make.
When We Will Make Payments
We usually pay the amounts of any Surrender, withdrawal, Death Benefit Proceeds, loans, or settlement options within seven calendar days after we receive all applicable Written Notices and/or due proofs of death. However, we can postpone such payments if:

 •
the NYSE is closed, other than customary weekend and holiday closing, or trading on the NYSE is restricted as determined by the SEC;

•
the SEC permits, by an order, the postponement for the protection of Owners; or

•
the SEC determines that an emergency exists that would make the disposal of securities held in the Variable Account or the determination of their value not reasonably practicable.
If you have submitted a recent check or draft, we have the right to defer payment of a Surrender, withdrawals, Death Benefit Proceeds, or payments under a settlement option until such check or draft has been honored.
If mandated under applicable law, we may be required to reject a premium payment and/or otherwise block access to a Policy Owner’s account and thereby refuse to pay any request for transfers, partial withdrawals, a Surrender, loans, or death benefits. We may also be required to provide additional information about you, the Insured, your Beneficiary, or your account to government regulators. Once blocked, monies would be held in that account until instructions are received from the appropriate regulator.
We have the right to defer payment of any Surrender, withdrawal, Death Benefit Proceeds, loans or settlement options from the Fixed Account for up to six months from the date we receive your written request.
Transfers

 

 
You may make transfers from the Subaccounts or from the Fixed Account subject to the conditions stated below. You may not make any transfers from the loan account. We determine the amount you have available for transfers at the end of the Valuation Period when we receive your transfer request. We may modify or revoke the transfer privilege at any time. The following features apply to transfers under the Policy:

 •
You may make an unlimited number of transfers in a Policy year from the Subaccounts (subject to the “Policies and Procedures Regarding Disruptive Trading and Market Timing” section below).

•
You may only make one transfer each Policy year from the Fixed Account (unless you choose dollar cost averaging).

•
You may request transfers in writing (in a form we accept), or by telephone. You should send written requests to the Service Center.

•
For Subaccount transfers, you must transfer at least the lesser of $250, or the total value in the Subaccount.

•
For Fixed Account transfers, you may not transfer more than 25% of the unloaned value in the Fixed Account, unless the balance after the transfer is less than $250, in which case the entire amount will be transferred.
 

 •
We deduct a $25 charge from the amount transferred or from the remaining Contract Value (your choice) for the 13th and each additional transfer in a Policy year. Any unused free transfers do not carry over to the next Policy year. Transfers we effect on the Reallocation Date and transfers resulting from loans are not treated as transfers for the purpose of the transfer charge.

•
We consider each written or telephone request to be a single transfer, regardless of the number of Subaccounts (or Fixed Account) involved.

•
We will price complete transfer requests that we receive at our Service Center before the NYSE closes for regular trading (usually, 4:00 p.m. Eastern Time, 1:00 p.m. Pacific Time) using the Accumulation Unit value determined at the close of that regular trading session of the NYSE. If we receive your complete transfer request after the close of regular trading on the NYSE, we will price the transfer request using the Accumulation Unit value determined at the close of the next regular trading session of the NYSE.
We reserve the right to modify, restrict, suspend or eliminate transfer privileges at any time, for any class of Policies, for any reason.
Third Party Transfers
If you authorize a third party to transact transfers on your behalf, we will honor their transfer instructions, so long as they comply with our administrative systems, rules and procedures, which we may modify or rescind at any time. We take no responsibility for any third party asset allocation program. Please note that any fees and charges assessed for third party asset allocation services are separate and distinct from the Policy fees and charges set forth in this prospectus. We neither recommend nor discourage the use of asset allocation services.
Telephone Transfers
Your Policy, as applied for and issued, will automatically receive telephone transfer privileges unless you provide other instructions. (In some states you may have to elect telephone transfers.) To make a telephone transfer, you must call the Service Center toll-free at 1-877-376-8008, open between 8:00 a.m. and 6:00 p.m. Eastern Time. Any telephone transfer requests directed to another number may not be considered received at our Service Center.
Please note the following regarding telephone transfers:

 •
We are not liable for any loss, damage, cost or expense from complying with telephone instructions we reasonably believe to be authentic. You bear the risk of any such loss.

•
We will employ reasonable procedures to confirm that telephone instructions are genuine.

•
Such procedures may include requiring forms of personal identification prior to acting upon telephone instructions, providing written confirmation of transactions to you, and/or tape recording telephone instructions received from you.

•
If we do not employ reasonable confirmation procedures, we may be liable for losses due to unauthorized or fraudulent instructions.
We will price any complete telephone transfer request that we receive at the Service Center before the NYSE closes for regular trading (usually, 4:00 p.m. Eastern Time, 1:00 p.m. Pacific Time) using the Accumulation Unit value determined at the end of that regular trading session of the NYSE. We cannot guarantee that telephone transfer transactions will always be available. For example, our Service Center may be closed during severe weather emergencies or there may be interruptions in telephone service or problems with computer systems that are beyond our control. Outages or slowdowns may prevent or delay our receipt of your request. If the volume of calls is unusually high, we might not have someone immediately available to receive your order. Although we have taken precautions to help our systems handle heavy use, we cannot promise complete reliability under all circumstances.
The corresponding Portfolio of any Subaccount determines its net asset value per each share once daily, as of the close of the regular business session of the NYSE (usually, 4:00 p.m. Eastern Time, 1:00 p.m. Pacific Time), which coincides with the end of each Valuation Period. Therefore, we will price any transfer request we receive after the close of the regular business session of the NYSE, on any day the NYSE is open for regular trading, using the net asset value for each share of the applicable Portfolio determined as of the close of the next regular business session of the NYSE.
We reserve the right to modify, restrict, suspend or eliminate the transfer privileges (including the telephone transfer facility) at any time, for any class of Policies, for any reason.
 
Policy and Procedures Regarding Disruptive Trading and Market Timing
Statement of Policy. This Policy is not designed for use by organizations or individuals engaged in market timing or for use by investors who make frequent transfers, programmed transfers, transfers into and then out of a Subaccount in a short period of time, or transfers of large amounts at one time (“Disruptive Trading”).
Market timing and other kinds of Disruptive Trading can increase your investment risks and have harmful effects for you, for other Policy Owners, for the underlying Portfolios, and for other persons who have material rights under the Policies, such as Insureds and beneficiaries. These risks and harmful effects include:

 •
dilution of the interests of long-term investors in a Subaccount if market timers manage to transfer into an underlying Portfolio at prices that are below the true value or to transfer out of the underlying Portfolio at prices that are above the true value of the underlying Portfolio’s investments (some market timers attempt to do this through methods known as “time-zone arbitrage” and “liquidity arbitrage”);

•
reduced investment performance due to adverse effects on Portfolio management by:

¡ 
impeding a Portfolio manager’s ability to sustain an investment objective;

¡  
causing the underlying Portfolio to maintain a higher level of cash than would otherwise be the case; or

¡  
causing an underlying Portfolio to liquidate investments prematurely (or otherwise at an inopportune time) in order to pay withdrawals or transfers out of the underlying Portfolio; and

•
increased costs to you in the form of increased brokerage and administrative expenses. These costs are borne by all Policy Owners invested in those Subaccounts, not just those making the transfers.
Policy Against Disruptive Trading. We have adopted internal policies and procedures that are intended to detect and deter market timing and other forms of Disruptive Trading. We do not make special arrangements or grant exceptions or waivers to accommodate any persons or class of persons with regard to these policies and procedures. Do not invest with us if you intend to conduct market timing or potentially Disruptive Trading.
For these purposes, we do not include transfers made pursuant to Dollar Cost Averaging or Automatic Asset Rebalancing.
Detection. We monitor the transfer activities of Owners and coordinate with the underlying fund companies in order to detect market timing and other forms of Disruptive Trading activity. However, despite our monitoring we may not be able to detect or halt all Disruptive Trading activity. Our ability to detect Disruptive Trading may be limited by operational or technological systems, as well as by our ability to predict strategies employed by market timers to avoid detection. As a result, despite our efforts, there is no assurance that we will be able to identify and curtail all Disruptive Trading by such Policy Owners or intermediaries acting on their behalf.
In addition, because other insurance companies (and retirement plans) with different market timing policies and procedures may invest in the underlying Portfolios, we cannot guarantee that all harmful trading will be detected or that an underlying Portfolio will not suffer harm from Disruptive Trading in the Subaccounts of variable products issued by these other insurance companies (or retirement plans) that invest in the underlying Portfolios.
As a result, to the extent we are not able to detect Disruptive Trading activity, or other insurance companies (or retirement plans) fail to detect such activity, it is possible that a market timer may be able to engage in Disruptive Trading transactions that may interfere with underlying Portfolio management and cause you to experience detrimental effects such as increased costs, lower performance and a dilution of your interest in an underlying Portfolio.
Deterrence. We impose limits on transfer activity within the Policy in order to deter Disruptive Trading.
We will accept the following transfers only if the order is sent to us with an original signature or other standard identity authentication:

 •
transfers in excess of $1,000,000 per Policy, per day;
We will conduct ongoing monitoring for possible suspicious transfer activity. This includes identifying two or more round trip transactions to the same Subaccount within a 90-day period and more than four round trip transactions to the same Subaccount within a 12 month period. We will also coordinate and cooperate with the underlying fund companies’ efforts to deter, detect, and impose transaction restrictions as necessary to address disruptive trading activity.
 
If we identify suspicious transfer activity, we will advise you in writing that we are monitoring your transfer activity and that we will impose restrictions if we identify a pattern of Disruptive Trading activity. If we identify such a pattern as a result of continued monitoring, we will notify you in writing that all future transfers must be requested through written request. This means that we may accept only written transfer requests with an original signature transmitted to us only by first class U.S. mail. We may also restrict the transfer privileges of others acting on your behalf, including your registered representative or an asset allocation or investment advisory service.
To further deter any market timing and Disruptive Trading activities, we may at any time and without prior notice:

 •
terminate all telephone, website, email or fax transfer privileges;

•
limit the total number of transfers;

•
place further limits on the dollar amount that may be transferred;

•
require a minimum period of time between transfers; or

•
refuse transfer requests from intermediaries acting on behalf of you.
To the extent we are unable to effectively impose these restrictions to discourage market timing and other forms of Disruptive Trading, some Policy Owners may be able to market time through the Policy, while others would bear the harm associated with the timing.
We reserve the right to reject any premium payment or transfer request from any person without prior notice, if, in our judgment, (1) the payment or transfer, or series of transfers, would have a negative impact on an underlying Portfolio’s operations, or (2) if an underlying Portfolio would reject or has rejected our purchase order or has instructed us not to allow that purchase or transfer, or (3) you have a history of large or frequent transfers. We may impose other restrictions on transfers, or even prohibit transfers for any Policy Owner who, in our view, has abused, or appears likely to abuse, the transfer privilege. We also reserve the right to reverse a potentially harmful transfer if an underlying Portfolio refuses or reverses our order; in such instances some Policy Owners may be treated differently than others. For all of these purposes, we may aggregate two or more variable insurance products that we believe are connected.
In addition to our internal policies and procedures, we will administer your Policy to comply with any applicable state, federal, and other regulatory requirements concerning transfers. We reserve the right to implement, administer, and charge you for any fee or restriction, including redemption fees, imposed by any underlying Portfolio. To the extent permitted by law, we also reserve the right to defer the transfer privilege at any time that we are unable to purchase or redeem shares of any of the underlying Portfolios.
Under our current policies and procedures, we do not:

 •
impose redemption fees on transfers;

•
expressly limit the number, size or frequency of transfers in a given period (except for certain Subaccounts listed above where transfers that exceed a certain size are prohibited); or

•
allow a certain number of transfers in a given period.
Redemption fees, other transfer limits, and other procedures or restrictions may be more or less successful than ours in deterring market timing or other forms of Disruptive Trading and in preventing or limiting harm from such trading.
We may revise our policies and procedures in our sole discretion at any time and without prior notice, as we deem necessary or appropriate (1) to better detect and deter market timing or other Disruptive Trading if we discover that our current procedures do not adequately curtail such activity, (2) to comply with state or federal regulatory requirements, or (3) to impose additional or alternative restrictions on Owners engaging in frequent transfer activity among the underlying Portfolios under the Policy. The actions we take will be based on policies and procedures that we apply uniformly to all Policy Owners.
Underlying Portfolio Frequent Trading Policies. The underlying Portfolios may have adopted their own policies and procedures with respect to frequent purchases and redemptions of their respective shares. Such policies and procedures may include a redemption fee of up to 2% on Subaccount assets that are redeemed out of a Portfolio in connection with a partial Surrender or Transfer. The prospectuses for the underlying Portfolios, if available, describe any such policies and procedures. The frequent trading policies and procedures of one underlying Portfolio may be different, and more or less restrictive, than the frequent trading policies and procedures of another underlying Portfolio and the policies and procedures we have adopted for the Policy to discourage market timing and other programmed, large, frequent, or short-term transfers.
 
You should be aware that, as required by SEC regulation, we have entered into a written agreement with each underlying Fund or principal underwriter that obligates us to provide the Fund, upon written request, with information about you and your trading activities in the Fund’s Portfolios. In addition, we are obligated to execute instructions from the Funds that may require us to restrict or prohibit your investment in a specific Portfolio if the Fund identifies you as violating the frequent trading policies that the Fund has established for that Portfolio.
If we receive a premium payment from you with instructions to allocate it into a Fund that has directed us to restrict or prohibit your trades into the Fund, then we will request new allocation instructions from you. If you request a transfer into a Fund that has directed us to restrict or prohibit your trades, then we will not effect the transfer.
Omnibus Order. Policy Owners and other persons with material rights under the Policy also should be aware that the purchase and redemption orders received by the underlying Portfolios generally are “omnibus” orders from intermediaries such as retirement plans and separate accounts Funding variable insurance products. The omnibus orders reflect the aggregation and netting of multiple orders from individual retirement plan participants and individual Owners of variable insurance products. The omnibus nature of these orders may limit the underlying Portfolios’ ability to apply their respective frequent trading policies and procedures. We cannot guarantee that the underlying Portfolios will not be harmed by transfer activity relating to the retirement plans or other insurance companies that may invest in the underlying Portfolios. These other insurance companies are responsible for their own policies and procedures regarding frequent transfer activity. If their policies and procedures fail to successfully discourage harmful transfer activity, it will affect other Owners of underlying Portfolio shares, as well as the Owners of all of the variable annuity or life insurance policies, including ours, whose variable investment options correspond to the affected underlying Portfolios. In addition, if an underlying Portfolio believes that an omnibus order we submit may reflect one or more transfer requests from Owners engaged in market timing and other programmed, large, frequent, or short-term transfers, the underlying Portfolio may reject the entire omnibus order and thereby delay or prevent us from implementing your request.
Asset Allocation Models
Asset allocation allows you to allocate your investments among various asset classes – such as stock Funds, international Funds, bond Funds, and money market Funds – depending on your risk tolerance, investment goals and time horizon. Keep in mind that use of an asset allocation model does not guarantee favorable investment results.
Effective on September 1, 2008, the asset allocation model program was discontinued. Asset allocation models are no longer available for your use with any future allocations or revisions to your allocations. Please note that we may decide to offer an asset allocation model program again in the future.
Automatic Asset Rebalancing Program
Under the Automatic Asset Rebalancing (“AAR”) program, we will automatically transfer amounts among the Subaccounts each quarter to reflect your most recent instructions for allocating Premiums. The Automatic Asset Rebalancing program may not be used to transfer amounts into and out of the Fixed Account. No transfer fees apply, and transfers under the AAR program are not included when we determine the number of free transfers permitted each year. For more information, see the SAI. The AAR program is not available if you elect to enroll in the Dollar Cost Averaging program discussed below.
Dollar Cost Averaging Program
Under the Dollar Cost Averaging program, you may authorize us to transfer a fixed dollar amount at monthly intervals from the Fixed Account to one or more Subaccounts. You may designate up to eight Subaccounts to receive the transfers.
You may enroll in the Dollar Cost Averaging program at any time by submitting a request to the Service Center. We make transfers on the same day of every month as your issue date. Transfers under this program are not included when we determine the number of free transfers permitted each year. We must receive your request at least five Business Days before the transfer date for your transfers to begin on that date. When you enroll in the Dollar Cost Averaging program, your total Contract Value in the Fixed Account must be at least equal to the amount you designate to be transferred on each transfer date. Transfers from the Fixed Account under this program must be at least $100. If on any transfer date the amount remaining in the Fixed Account is less than the amount designated to be transferred, the entire balance will be transferred out of the Fixed Account and applied pro-rata to the selected Subaccounts, and the dollar cost averaging request will expire. The Dollar Cost Averaging program is not available if you elect to enroll in the Automatic Asset Rebalancing program discussed above.
 
Loans

 

 
While the Policy is in force, you may borrow money from us using the Policy as the only security for the loan. A loan that is taken from, or secured by, a Policy may have tax consequences. See “Federal Tax Considerations.”
 
   
Loan Conditions:
• You may take a loan against the Policy for amounts up to the Surrender Value, as calculated at the end of the Business Day on which we receive your signed request at the Service Center, minus loan interest you would have to pay by the next Policy anniversary date.
• To secure the loan, we transfer an amount equal to the loan from the Variable Account and Fixed Account to the loan account, which is a part of our General Account. If your loan application does not specify any allocation instructions, we will transfer the loan from the Subaccounts and the Fixed Account on a pro-rata basis (that is, according to the percentage of Contract Value contained in each Subaccount and the Fixed Account).
• Amounts in the loan account earn interest at the guaranteed minimum rate of 3% per year, compounded annually. We may credit the loan account with an interest rate different from the Fixed Account.
 
• We normally pay the amount of the loan within seven calendar days after we receive a proper loan request at the Service Center. We may postpone payment of loans under certain conditions. See “Surrenders and Withdrawals – When We Will Make Payments.”
 
• We charge you interest on your loan. During the first fourteen Policy years, the current loan interest rate is 4.5%, with a maximum loan interest rate of 8% per year, compounded annually, on your loan. After the fourteenth Policy year, the maximum loan interest rate is 3%, compounded annually. We may change the interest rate, but we will notify you of any increase in loan interest at least 30 days before the new rate becomes effective. Interest is due and payable at the end of each Policy year, or, if earlier, on the date of any loan increase or repayment. Unpaid interest becomes part of the outstanding loan and accrues interest accordingly.
 
• You may repay all or part of your outstanding loans at any time by sending the repayment to the Service Center. Loan repayments must be at least $25, and must be clearly marked as “loan repayments” or they will be credited as Premiums.
 
• Upon each loan repayment, we will transfer an amount equal to the loan repayment from the loan account to the fixed and/or Variable Account according to your current premium allocation instructions.
 
• We deduct any unpaid Loan Amount and any interest you owe, from the Surrender Value and from the Death Benefit Proceeds payable on the Insured’s death.
 
• If any unpaid Loan Amount plus any interest you owe equals or exceeds the Contract Value, causing the Surrender Value to become zero, then your Policy will enter a 61-day grace period. See “Policy Lapse.”
Effects of Policy Loans
Risk of Policy Lapse. There are risks involved in taking a Policy loan, one of which is an increased potential for the Policy to Lapse. A Policy loan, whether or not repaid, affects the Policy, the Contract Value and the death benefit. We deduct any Loan Amounts (including any interest you owe) from the proceeds payable upon the death of the Insured and from the Surrender Value. Repaying the loan causes the Death Benefit Proceeds and Surrender Value to increase by the amount of the repayment. We will notify you (or any assignee of record) if the sum of your loans plus any interest you owe on the loans is more than the Contract Value. If you do not submit a sufficient payment during the 61-day grace period, your Policy will Lapse.
Risk of Investment Performance. As long as a loan is outstanding, we hold an amount equal to the Loan Amount in the loan account. The amount in the loan account is not affected by the Variable Account’s investment performance and may not be credited with the same interest rates currently accruing on the Fixed Account. Amounts transferred from the Variable Account to the loan account will affect the Contract Value because we credit such amounts with an interest rate we declare rather than a rate of return reflecting the investment results of the Variable Account.
Tax Risks. A Policy loan may also have possible adverse tax consequences. See “Federal Income Tax Considerations.” In addition, the tax consequences of a Policy loan after the fourteenth Policy year are uncertain. You should consult a tax adviser before taking out a Policy loan.
Policy Lapse and Reinstatement

 

 
Lapse
The following circumstances will cause your Policy to enter a 61-day grace period during which you must make a large enough payment to keep your Policy in force:

 •
Your Policy’s Surrender Value becomes zero, and total Premiums you have paid, minus withdrawals (not including Surrender charges and processing fees), are less than the Cumulative Minimum Premiums required under the Policy; or

•
The total Premiums you have paid, minus withdrawals (not including Surrender charges and processing fees), are greater than the Cumulative Minimum Premiums, but the Contract Value, minus outstanding Loan Amount and any interest you would owe if you Surrendered the Policy, is too low to pay the entire Monthly Deduction when due.
Whenever your Policy enters the grace period, you must make a sufficient payment before the grace period ends. Market performance alone will not be deemed to constitute a sufficient payment. A premium payment is required. If you do not make a sufficient payment by the end of the grace period, then your Policy will terminate without value, insurance coverage will no longer be in effect, and you will receive no benefits. The payment must be large enough to cause either one of the following conditions:

 1.
the Surrender Value must exceed zero, after deducting all due and unpaid Monthly Deductions; or

2.
total Premiums paid minus withdrawals (not including Surrender charges and processing fees) must exceed Cumulative Minimum Premiums, and the Contract Value, minus any outstanding Loan Amount and any interest you would owe if you Surrendered the Policy, must exceed zero, after deducting all due and unpaid Monthly Deductions.
If your Policy enters into a grace period, we will mail a notice to your last known address or to any assignee of record. We will mail the notice at least 31 days before the end of the grace period. The notice will specify the minimum payment required and the final date by which we must receive the payment to keep the Policy from lapsing. If we do not receive the specified minimum payment by the end of the grace period, all coverage under the Policy will terminate.
Reinstatement
We will consider reinstating a Lapsed Policy within three years after the Policy enters a grace period that ends with a Lapse (and prior to the Maturity Date).
If your Policy has Lapsed, you must do the following to reinstate the Policy:

 •
complete a reinstatement application;

•
pay the unpaid Monthly Deductions due during the last expired grace period;

•
pay premium sufficient to keep the Policy in force for three months after the date of reinstatement; and

•
repay the entire Policy Loan Amount (including any interest you owed) that existed at the date of termination of coverage.
You must also provide evidence of insurability if any of the following apply to you:

 •
your Policy Lapsed more than a year ago;

•
your Policy is rated;

•
your Policy’s face amount is over $500,000;

•
the Insured has gained or lost a significant amount of weight since your initial application;

•
there has been a significant change in the Insured’s medical condition since your initial application;

•
the Insured is employed in an occupation we consider hazardous; or

•
the Insured participates in activities we consider hazardous.
 
We will not reinstate any indebtedness unless required by state law. Your Contract Value on the reinstatement date will equal the Premiums paid at reinstatement, less the Policy loan repayment, times the Percent of Premium Factor, minus all unpaid Monthly Deductions due during the last expired grace period, minus an additional Monthly Deduction due at the time of reinstatement. The Surrender charges will still apply and will be calculated based on the original issue date of the Policy. The reinstatement date for your Policy will be the Monthly Due Date on or following the date we approve your application for reinstatement. In most states, we will apply the suicide and incontestability provisions from the reinstatement date, except that the suicide provision will not apply after age 100.
We will not consider your request for reinstatement unless you have paid sufficient Premiums and provided the requested evidence of insurability. Until we have received all required Premiums and evidence of insurability, we will hold your Premiums in our Reinstatement Suspense Account. If your reinstatement Premiums have been in our Reinstatement Suspense Account for more than 60 days, we will send a notice to your address of record reminding you that your Policy will remain Lapsed until you send in the required items and we approve your application. After we have held your reinstatement Premiums in our Reinstatement Suspense Account for 90 days, we will return your reinstatement Premiums to you and you will be required to re-apply for reinstatement of your Policy.
We may decline a request for reinstatement. We will not reinstate a Policy that has been Surrendered for the Surrender Value.
Federal Tax Considerations

 

 
The following summary provides a general description of the Federal income tax considerations associated with a Policy and does not purport to be complete or to cover all situations. This discussion is not intended as tax advice. Please consult counsel or other qualified tax advisers for more complete information. We base this discussion on our understanding of the present Federal income tax laws as they are currently interpreted by the Internal Revenue Service (the “IRS”). Federal income tax laws and the current interpretations by the IRS may change.
Tax Status of the Policy
A Policy must satisfy certain requirements set forth in the Tax Code in order to qualify as a life insurance contract for Federal income tax purposes and to receive the tax treatment normally accorded life insurance contracts under Federal tax law. There is limited guidance as to how these requirements are to be applied. Nevertheless, we believe that a Policy issued on a standard Premium Class basis should satisfy the applicable Tax Code requirements. There is, however, some uncertainty about the application of the Tax Code requirements if a Policy is issued on a special Premium Class basis, and particularly if the full amount of Premiums permitted under the Policy is paid. If it is subsequently determined that a Policy does not satisfy the applicable requirements, we may take appropriate steps to bring the Policy into compliance with such requirements and we reserve the right to restrict Policy transactions and make other changes to your Policy that may be necessary in order to do so.
In some circumstances, Owners of variable life insurance contracts who retain excessive control over the investment of the underlying Portfolio assets of the Variable Account may be treated as the Owners of those assets and may be subject to tax on income produced by those assets. Although published guidance in this area does not address certain aspects of the Policies, we believe that the Owner of a Policy should not be treated as the Owner of the underlying assets. We reserve the right to modify the Policies to bring them into conformity with applicable standards should such modification be necessary to prevent Owners of the Policies from being treated as the Owners of the underlying Portfolio assets of the Variable Account.
In addition, the Tax Code requires that the investments of the Variable Account be “adequately diversified” in order to treat the Policy as a life insurance contract for Federal income tax purposes. We intend that the Variable Account, through the Portfolios, will satisfy these diversification requirements.
The following discussion assumes that the Policy will qualify as a life insurance contract for Federal income tax purposes.
Tax Treatment of Policy Benefits
In General. We believe that the death benefit under a Policy generally should be excludible from the Beneficiary’s gross income. If the death benefit is not received in a lump sum, however, and is instead applied under a proceeds option agreed to by us and the Beneficiary, payments generally will be prorated between amounts attributable to the death benefit, which will be excludible from the Beneficiary’s income, and amounts attributable to interest (occurring after the Insured’s death), which will be includable in the Beneficiary’s income.
Generally, you will not be deemed to be in constructive receipt of the Contract Value. When distributions from a Policy occur, or when loans are taken out from or secured by (e.g., by assignment), a Policy, the tax consequences depend on whether the Policy is classified as a “Modified Endowment Contract.”
Federal, state and local transfer, and other tax consequences of ownership or receipt of Policy proceeds depend on your circumstances and the Beneficiary’s circumstances. You should consult a tax adviser on these consequences.
Modified Endowment Contracts. Under the Tax Code, certain life insurance contracts are classified as “Modified Endowment Contracts,” (“MEC”) with less favorable lifetime income tax treatment than other life insurance contracts. Due to the flexibility of the Policies as to Premiums and benefits, the individual circumstances of each Policy will determine whether it is classified as a MEC. In general a Policy will be classified as a MEC if the amount of Premiums paid into the Policy causes the Policy to fail the “7-pay test.” A Policy will fail the 7-pay test if at any time in the first seven Policy years, the amount paid into the Policy exceeds the sum of the level Premiums that would have been paid at that point under a Policy that provided for paid-up future benefits after the payment of seven level annual payments.
If there is a reduction in the benefits under the Policy during the first seven Policy years, for example, as a result of a partial withdrawal, the 7-pay test will have to be reapplied as if the Policy had originally been issued at the reduced face amount. If there is a “material change” in the Policy’s benefits or other terms, even after the first seven Policy years, the Policy will have to be retested as if it were a newly issued Policy. A material change can occur, for example, when there is an increase in the death benefit that is due to the payment of an unnecessary premium. Unnecessary Premiums are Premiums paid into the Policy which are not needed in order to provide a death benefit equal to the lowest death benefit that was payable in the first seven Policy years. To prevent your Policy from becoming a MEC, it may be necessary to limit premium payments or to limit reductions in benefits. A current or prospective Policy Owner should consult with a competent tax adviser to determine whether a Policy transaction will cause the Policy to be classified as a MEC.
Upon issuance of your Policy, we will notify you if your Policy is classified as a MEC based on the Initial Premium we receive. If any future payment we receive would cause your Policy to become a MEC, you will be notified. We will not invest that premium in the Policy until you notify us that you want to continue your Policy as a MEC.
Distributions (other than Death Benefits) from a Modified Endowment Contract “MEC”. Policies classified as MECs are subject to the following tax rules:

 •
All distributions other than death benefits from a MEC, including distributions upon Surrender and withdrawals, will be treated first as distributions of gain taxable as ordinary income and as tax-free recovery of the Policy Owner’s investment in the Policy only after all gain has been distributed.

•
Loans taken from or secured by (e.g., by assignment) such a Policy are treated as distributions and taxed accordingly.

•
A 10% additional income tax is imposed on the amount included in income except where the distribution or loan is made when you have Attained Age 59 1/2 or are disabled, or where the distribution is part of a series of substantially equal periodic payments for your life (or life expectancy) or the joint lives (or joint life expectancies) of you, and the Beneficiary.

•
If a Policy becomes a MEC, distributions that occur during the Policy year will be taxed as distributions from a MEC. In addition, distributions from a Policy within two years before it becomes a MEC will be taxed in this manner. This means that a distribution from a Policy that is not a MEC at the time when the distribution is made could later become taxable as a distribution from a MEC.
Distributions (other than Death Benefits) from Policies that are not Modified Endowment Contracts. Distributions other than Death Benefits from a Policy that is not a MEC are generally treated first as a recovery of your investment in the Policy, and as taxable income after the recovery of all investment in the Policy. However, certain distributions which must be made in order to enable the Policy to continue to qualify as a life insurance contract for Federal income tax purposes if Policy benefits are reduced during the first 15 Policy years may be treated in whole or in part as ordinary income subject to tax.
Loans from or secured by a Policy that is not a MEC are generally not treated as distributions.
 
Finally, neither distributions from nor loans from or secured by a Policy that is not a MEC are subject to the 10% additional tax.
Investment in the Policy. Your investment in the Policy is generally your aggregate Premiums. When a distribution is taken from the Policy, your investment in the Policy is reduced by the amount of the distribution that is tax-free.
Policy Loans. If a loan from a Policy is outstanding when the Policy is cancelled or Lapses, the amount of the outstanding indebtedness will be added to the amount distributed and will be taxed accordingly. In general, interest you pay on a loan from a Policy will not be deductible. Before taking out a Policy loan, you should consult a tax adviser as to the tax consequences. If your Policy has a large amount of indebtedness when it Lapses or is Surrendered, you might owe taxes that are much more than the Surrender Value you receive.
Multiple Policies. All MECs that we issue (or that our affiliates issue) to the same Owner during any calendar year are treated as one MEC for purposes of determining the amount includible in the Owner’s income when a taxable distribution occurs.
Withholding. To the extent that Policy distributions are taxable, they are generally subject to withholding for the recipient’s federal income tax liability. Recipients can generally elect, however, not to have tax withheld from distributions.
Life Insurance Purchases by Residents of Puerto Rico. The Internal Revenue Service has announced that income received by residents of Puerto Rico under life insurance contracts issued by a Puerto Rico branch of a United States life insurance company is U.S.-source income that is generally subject to United States Federal income tax.
Other Policy Owner Tax Matters. The tax consequences of continuing the Policy after the Insured reaches age 100 are unclear. The IRS has issued Revenue Procedure 2010-28 providing a safe harbor concerning the application of Sections 7702 and 7702A to life insurance contracts that have mortality guarantees based on the 2001 CSO Table and which may continue in force after an insured attains age 100. If a contract satisfies all the requirements of Sections 7702 and 7702A using all of the Age 100 Safe Harbor Testing Method requirements set forth in Rev. Proc. 2010-28, the IRS will not challenge the qualification of that contract under Sections 7702 and 7702A. Rev. Proc. 2010-28 also states that: “No adverse inference should be drawn with respect to the qualification of a contract as a life insurance contract under Section 7702, or its status as not a MEC under Section 7702A, merely by reason of a failure to satisfy all of the requirements of [the Age 100 Safe Harbor].
You should consult a tax adviser if you intend to keep the Policy in-force after the Insured reaches age 100. It is possible that the Internal Revenue Service might tax you as though you have Surrendered the Policy when the Insured reaches age 100, even if you keep the Policy in force. This could result in a very large tax liability for you. The tax liability might be much larger than the Surrender Value of this Policy.
Business Uses of the Policy. The Policy may be used in various arrangements, including nonqualified deferred compensation or salary continuance plans, split dollar insurance plans, executive bonus plans, retiree medical benefit plans and others. The tax consequences of such plans and business use of the Policy may vary depending on the particular facts and circumstances of each individual arrangement and business uses of the Policy. Therefore, if you are contemplating using the Policy in any arrangement the value of which depends in part on its tax consequences, you should be sure to consult a tax adviser as to the tax attributes of the arrangement.
Employer-owned Life Insurance Contracts. Pursuant to section 101(j) of the Code, unless certain eligibility, notice and consent requirements are satisfied, the amount excludible as a death benefit payment under an employer-owned life insurance contract will generally be limited to the Premiums paid for such contract (although certain exceptions may apply in specific circumstances). An employer-owned life insurance contract is a life insurance contract owned by an employer that insures an employee of the employer and where the employer is a direct or indirect beneficiary under such contract. It is the employer’s responsibility to verify the eligibility of the intended Insured under employer-owned life insurance contracts and to provide the notices and obtain the consents required by section 101(j). These requirements generally apply to employer-owned life insurance contracts issued or materially modified after August 17, 2006. A tax adviser should be consulted by anyone considering the purchase or modification of an employer-owned life insurance contract.
Non-Individual Owners and Business Beneficiaries of Policies. If a Policy is owned or held by a corporation, trust or other non-natural person, this could jeopardize some (or all) of such entity’s interest deduction under Code Section 264, even where such entity’s indebtedness is in no way connected to the Policy unless one of the exceptions under Code Section 264(f)(4) applies. In addition, under Section 264(f)(5), if a business (other than a sole proprietorship) is directly or indirectly a beneficiary of a Policy, this Policy could be treated as held by the business for purposes of the Section 264(f) entity-holder rules. Therefore, it would be advisable to consult with a qualified tax adviser before any non-natural person is made an Owner or holder of a Policy, or before a business (other than a sole proprietorship) is made a beneficiary of a Policy. In Revenue Ruling 2011-9, the IRS held that the status of an insured as an employee “at the time first covered” for purposes of Section 264(f)(4) does not carry over from a contract given up in a Section 1035 tax-free exchange for a contract received in such an exchange. Therefore, the pro rata interest expense disallowance exception of Section 264(f)(4) does not apply to new policies received in Section 1035 tax-free exchanges unless such policies also qualify for the exception provided by Section 264(f)(4) of the Code.
Split-Dollar Arrangements. The Sarbanes-Oxley Act of 2002 prohibits, with limited exceptions, publicly-traded companies, including non-U.S. companies that have securities listed on exchanges in the United States, from extending, directly or through a subsidiary, many types of personal loans to their directors or executive officers. It is possible that this prohibition may be interpreted as applying to split-dollar life insurance policies for directors and executive officers of such companies, since such insurance arguably can be viewed as involving a loan from the employer for at least some purposes.
Although the prohibition on loans is generally effective as of July 30, 2002, there is an exception for loans outstanding as of the date of enactment, so long as there is no material modification to the loan terms and the loan is not renewed after July 30, 2002. Any affected business contemplating the payment of a premium on an existing Policy, or the purchase of a new Policy, in connection with a split-dollar life insurance arrangement should consult legal counsel.
In addition, the IRS and Treasury have issued guidance relating to split-dollar insurance arrangements that significantly affects the tax treatment of such arrangements. This guidance affects all split-dollar arrangements, not just those involving publicly-traded companies. Any business contemplating the purchase of a new Policy or a change in an existing Policy should consult a tax adviser.
Estate, Gift and Generation-Skipping Transfer Taxes. The transfer of the Policy or designation of a beneficiary may have Federal, state, and/or local transfer and inheritance tax consequences, including the imposition of gift, estate, and generation-skipping transfer taxes. For example, when the Insured dies, the death proceeds will generally be includable in the Owner’s estate for purposes of Federal estate tax if the Insured owned the Policy. If the Owner was not the Insured, the fair market value of the Policy would be included in the Owner’s estate upon the Owner’s death. The Policy would not be includable in the Insured’s estate if the Insured neither retained incidents of Ownership at death nor had given up Ownership within three years before death.
Moreover, under certain circumstances, the Tax Code may impose a “generation skipping transfer tax” when all or part of a life insurance Policy is transferred to, or a death benefit is paid to, an individual two or more generations younger than the Owner. Regulations issued under the Tax Code may require us to deduct the tax from your Policy, or from any applicable payment, and pay it directly to the IRS.
Qualified tax advisers should be consulted concerning the estate and gift tax consequences of Policy Ownership and distributions under federal, state and local law. The individual situation of each Owner or beneficiary will determine the extent, if any, to which federal, state, and local transfer and inheritance taxes may be imposed and how Ownership or receipt of Policy proceeds will be treated for purposes of federal, state and local estate, inheritance, generation-skipping and other taxes.
The American Taxpayer Relief Act of 2012 (“ATRA”). ATRA permanently establishes the federal estate tax, gift tax and generation-skipping transfer tax exemptions at $5,000,000, indexed for inflation. ATRA also permanently establishes the maximum federal estate tax, gift tax and generation-skipping transfer tax rate at 40%. ATRA allows a deceased spouse’s estate to transfer any unused portion of the deceased spouse’s exemption amount to a surviving spouse. ATRA also unified the estate tax, gift tax and generation skipping transfer tax exemptions and provided for indexing of these exemptions for inflation beginning in 2012. The Tax Cut and Jobs Act of 2017, increased the federal estate, gift and generation-skipping transfer tax exemption amounts to $11,200,000 for individuals and $22,400,000 for married couples respectively beginning in 2018. These exemption amounts are scheduled to increase with inflation each year until 2025. On January 1, 2026, the exemption amounts are scheduled to revert to the 2017 levels, adjusted for inflation.
The Health Care and Education Reconciliation Act of 2010 (the “Act”). The Act imposes a 3.8% tax in taxable years beginning in 2013 on an amount equal to the lesser of (a) “net investment income”; or (b) the excess of a taxpayer’s modified adjusted gross income over a specified income threshold ($250,000 for married couples filing jointly, $125,000 for married couples filing separately, and $200,000 for everyone else). Proposed Regulations issued by the IRS define “net investment income” for this purpose as including taxable distributions from life insurance policies over allowable deductions, as such term is defined in the Act. Please consult the impact of the Act on you with a competent tax adviser.
Accelerated Death Benefit. The tax consequences associated with adding or electing to receive benefits under the Accelerated Death Benefit Rider are unclear. A tax adviser should be consulted about the tax consequences of adding this rider to a Policy or requesting payment under the rider.
Accelerated Benefit Rider for Terminal Illness. The tax consequences associated with adding or electing to receive benefits under the Accelerated Benefit Rider for Terminal Illness are unclear. A tax adviser should be consulted about the tax consequences of adding this rider to a Policy or requesting payment under the rider.
Life Insurance Purchases by Nonresident Aliens and Foreign Corporations. The discussion above provides general information regarding U.S. federal income tax consequences to life insurance purchasers that are U.S. citizens or residents. Purchasers that are not U.S. citizens or residents will generally be subject to U.S. federal withholding tax on taxable distributions from life insurance policies at a 30% rate, unless a lower treaty rate applies. In addition, purchasers may be subject to state and/or municipal taxes and taxes that may be imposed by the purchaser’s country of citizenship or residence. Prospective purchasers are advised to consult with a qualified tax adviser regarding U.S., state, and foreign taxation with respect to a life insurance policy purchase.
Foreign Tax Credits. We may benefit from any foreign tax credits attributable to taxes paid by certain Portfolios to foreign jurisdictions to the extent permitted under federal tax law.
Possible Tax Law Changes. While the likelihood of legislative changes is uncertain, there is always a possibility that the tax treatment of the Policy could change by legislation or otherwise. It is even possible that any legislative change could be retroactive (effective prior to the date of the change). Consult a tax adviser with respect to legislative developments and their effect on the Policy.
Possible Charges for Our Taxes. At the present time, we make no charge for any Federal, state or local taxes (other than the charge for state premium taxes) that may be attributable to the Subaccounts or to the Policy. We reserve the right to impose charges for any future taxes or economic burden we may incur.
Additional Information

 

 
Distribution of the Policies
Distribution and Principal Underwriting Agreement. We have entered into a distribution agreement with Farmers Financial Solutions, LLC (“FFS”) for the distribution and sale of the Policies. Pursuant to this agreement, FFS serves as principal underwriter for the Policies. FFS offers the Policies for sale through its sales representatives. We reimburse FFS for certain expenses it incurs in order to pay for the distribution of the Policies (e.g., commissions).
Compensation to Broker-Dealers Selling the Policies. We pay commissions to FFS for sales of the Policies by FFS’ sales representatives. Sales commissions may vary, but the commissions payable for Policy sales by sales representatives of FFS are expected not to exceed 69% of Premiums up to a target premium set by Farmers (we may pay additional amounts) and 4.74% of premium in excess of the target premium in the first year. In renewal years two through ten, the commission is not expected to exceed 6.6% of Premiums paid up to the target premium each year and 4.74% of Premiums in excess of the target premium. After year 10, the commission is not expected to exceed 0.185% of the Policy’s Contract Value each year. FFS may be required to return to us first year commissions if the Policy is not continued through the first Policy year.
Special Compensation Paid to FFS. We pay for FFS’ operating and other expenses, including overhead, legal, and accounting fees. We may also pay for certain sales expenses of FFS: sales representative training materials; marketing materials and advertising expenses; and certain other expenses of distributing the Policies. In addition, we contribute indirectly to the deferred compensation for FFS’ sales representatives. FFS pays its sales representatives a portion of the commissions received for their sales of the Policies.
FFS’ sales representatives and their managers also may be eligible for various cash benefits under certain circumstances. Such cash benefits may include incentive bonuses for the sale of non-variable insurance products we issue as well as certain insurance benefits and financing arrangements. On average, cash production incentive bonuses equate to 12% of first year Premiums up to a target premium set by Farmers.
 
In addition, FFS’ sales representatives who meet certain productivity, persistency and length of service standards and/or their managers may be eligible for additional non-cash compensation items. Non-cash compensation items that FFS and we may provide jointly include attendance at conferences, conventions, seminars, and trips (including travel, lodging and meals in connection therewith), entertainment, awards, merchandise and other similar items. By selling this Policy, sales representatives and/or their managers may qualify for these productivity benefits. FFS’ sales representatives and managers may receive other payments from us for services that do not directly involve the sale of the Policies, including payments made for the recruitment and training of personnel, production of promotional literature and similar services.
Exclusive Access to FFS’ Distribution Network. In exchange for the amounts we pay to FFS, we receive exclusive access to FFS’ distribution network. The amounts we pay are designed especially to encourage the sale of our products by FFS. See the SAI for a discussion of the amounts of commissions and bonuses we have paid FFS in connection with its exclusive offering of the Policies and other Farmers variable life products.
The prospect of receiving, or the actual receipt, of the additional compensation may provide FFS and/or its sales representatives with an incentive to recommend the Policies to prospective Owners over the sales of other investments with respect to which FFS either does not receive additional compensation or receives lower levels of additional compensation.
Ask your sales representative for further information about the compensation your sales representative and FFS may receive in connection with your purchase of a Policy. Also inquire about any revenue sharing arrangements that we may have with FFS, including the conflicts of interest that such arrangements may create.
No specific charge is assessed directly to Policy Owners or the Variable Account to cover commissions and other incentives or payments described above in connection with the distribution of the Policies. However, we intend to recoup commissions and other sales expenses through the fees and charges we deduct under the Policy and through other corporate revenue.
You should be aware that FFS and its sales representatives may receive different compensation or incentives for selling one product over another. In some cases, these payments may create an incentive for the selling firm or its sales representatives to recommend or sell this Policy to you. You may wish to take such payments into account when considering and evaluating any recommendation relating to the Policy.
Legal Proceedings
Like other life insurance companies, we are involved in lawsuits that arise in the ordinary course of the Company’s business. These actions are in various stages of discovery and development, and some seek punitive as well as compensatory damages. In addition, we are, from time to time, involved as a party to various governmental and administrative proceedings. While it is not possible to predict the outcome of such matters with absolute certainty, at the present time, it appears that there are no pending or threatened lawsuits that are likely to have a material adverse impact on the Variable Account, on FFS’ ability to perform under its principal underwriting agreement, or on the Company’s ability to meet its obligations under the Policy.
Financial Statements
The audited financial statements of Farmers New World Life Insurance Company and of Farmers Variable Life Separate Account A are included in the SAI. You should consider the financial statements of Farmers New World Life Insurance Company as bearing only upon our ability to meet our obligations under the Policies. For a free copy of these audited financial statements, please call our Service Center at 1-877-376-8008, or write to us at P. O. Box 724208 Atlanta, Georgia 31139.

Appendix A—Portfolios Available Under the Policy

 

 
The following is a list of Portfolios under the Contract. More information about the Portfolios is available in the prospectuses for the Portfolios, which may be amended from time to time and can be found online at https://vpx.broadridge.com/GetContract1.asp?cid=fnwl&fid=vul1. You can also request this information at no cost by calling 1-877-376-8008 or emailing us at farmersvariable@infosys.com.
The current expenses and performance information below reflects fees and expenses of the Portfolios, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher, and performance would be lower, if these other charges were included. Each Portfolio’s past performance is not necessarily an indication of future performance.
 
           
Investment Objective
Portfolio and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/25)
 
1 year
5 year
10 year
Seeks capital growth.
BNY Mellon Small Cap Portfolio (Service Shares)3
 
Investment Adviser:
BNY Mellon Investment Adviser, Inc.
 
Subadviser:
Newton Investment Management North America, LLC.
 
0.98%
 
10.70%
 
4.00%
 
7.56%
Seeks long-term capital appreciation.
BNY Mellon Sustainable U.S. Equity Portfolio, Inc. (Service Shares)
 
Investment Adviser:
BNY Mellon Investment Adviser, Inc.
 
Subadviser:
Newton Investment Management Limited
 
0.91%
 
15.67%
 
11.65%
 
13.27%
Seeks to provide long-term capital appreciation by investing primarily in a portfolio of the equity securities of mid-sized companies that are undervalued but demonstrate a potential for growth.
Calvert VP SRI Mid Cap Portfolio1, 2, 4
 
Investment Adviser:
Calvert Research and Management
 
0.99%
 
1.46%
 
2.95%
 
6.91%
Seeks long-term growth of capital, current income and growth of income.
DWS Core Equity VIP (Series I)
(Class A Shares)
 
Investment Adviser:
DWS Investment Management Americas, Inc.
 
0.59%
 
16.83%
 
13.27%
 
13.53%
Seeks long-term growth of capital.
DWS CROCI® International VIP
(Series I) (Class A Shares)2
 
Investment Adviser:
DWS Investment Management Americas, Inc.
 
0.94%
 
44.90%
 
10.86%
 
8.21%
Seeks to achieve a high rate of total return.
DWS CROCI® U.S. VIP (Series II) (Class A Shares)2
 
Investment Adviser:
DWS Investment Management Americas, Inc.
 
0.79%
 
17.19%
 
12.30%
 
8.17%
Seeks above-average capital appreciation over the long term.
DWS Global Small Cap VIP (Series I)
(Class A Shares)2
 
Investment Adviser:
DWS Investment Management Americas, Inc.
 
1.08%
 
20.51%
 
6.74%
 
6.70%
Seeks maximum current income to the extent consistent with stability of principal.
DWS Government Money Market VIP
(Series II) (Class A Shares)
 
Investment Adviser:
DWS Investment Management Americas, Inc.
 
0.39%
 
3.96%
 
2.97%
 
1.87%
Seeks to provide a high level of current income.
DWS High Income VIP (Series II)
(Class A Shares)2
 
Investment Adviser:
DWS Investment Management Americas, Inc.
 
0.90%
 
8.94%
 
4.25%
 
6.00%
Seeks long-term capital appreciation.
DWS Small Mid Cap Growth VIP
(Series II) (Class A Shares) 2
 
Investment Adviser:
DWS Investment Management Americas, Inc.
 
0.85%
 
8.11%
 
2.05%
 
7.34%
 Seeks to achieve capital appreciation.
Fidelity® VIP Growth Portfolio
(Service Class Shares)
 
Investment Adviser:
Fidelity Management & Research Company LLC
 
 
 
0.65%
 
14.80%
 
13.59%
 
17.33%
 Seeks investment results that correspond to the total return of common stocks publicly traded in the United States, as represented by the S&P 500.
Fidelity® VIP Index 500 Portfolio
(Service Class Shares )
 
Investment Adviser:
Fidelity Management & Research Company LLC
 
Subadviser: Geode Capital Management, LLC
 
0.19%
 
17.66%
 
14.20%
 
14.59%
 Seeks long-term growth of capital.
Fidelity® VIP Mid Cap Portfolio
(Service Class Shares)
 
Investment Adviser:
Fidelity Management & Research Company LLC
 
 
 
 0.65%
 
11.66%
 
10.00%
 
10.48%
Seeks long-term total return. Under normal market conditions, the fund invests at least 80% of its net assets in investments of small capitalization companies.
Franklin Small Cap Value VIP Fund
(Class 2 Shares)1
 
Investment Adviser:
Franklin Mutual Advisers, LLC
 
0.92%
 
7.65%
 
8.86%
 
9.81%
Seeks long-term capital growth. Under normal market conditions, the fund invests at least 80% of its net assets in investments of small-capitalization and mid-capitalization companies.
Franklin Small-Mid Cap Growth VIP Fund (Class 2 Shares)2
 
Investment Adviser:
Franklin Advisers, Inc.
 
1.09%
 
2.52%
 
1.03%
 
9.89%
Seeks long-term capital appreciation.
Goldman Sachs Mid Cap Value Fund (Institutional Class Shares)1, 2
 
Investment Adviser:
Goldman Sachs Asset Management, L.P.
 
0.84%
 
9.39%
 
10.05%
 
10.02%
Seeks long-term growth of capital.
Goldman Sachs Small Cap Equity Insights Fund (Institutional Class Shares)2
 
Investment Adviser:
Goldman Sachs Asset Management, L.P.
 
0.88%
 
16.14%
 
10.47%
 
10.84%
Seeks long-term growth of capital .
Goldman Sachs Strategic Growth Fund (Institutional Class Shares)1, 2
 
Investment Adviser:
Goldman Sachs Asset Management, L.P.
 
0.79%
 
17.92%
 
12.75%
 
16.41%
Seeks long-term capital growth, consistent with preservation of capital and balanced by current income.
Janus Henderson Balanced Portfolio
(Service Class Shares)
 
Investment Adviser:
Janus Henderson Investors US LLC
 
0.87%
 
14.82%
 
8.21%
 
9.86%
Seeks long-term growth of capital.
Janus Henderson Enterprise Portfolio (Service Class Shares)
 
Investment Adviser:
Janus Henderson Investors US LLC
 
0.97%
 
7.41%
 
7.35%
 
12.51%
Seeks long-term growth of capital.
Janus Henderson Forty Portfolio
(Institutional Class Shares)
 
Investment Adviser:
Janus Henderson Investors US LLC
 
0.62%
 
18.14%
 
11.65%
 
16.24%
Seeks maximum total return, consistent with preservation of capital and prudent investment management.
PIMCO International Bond Portfolio (U.S. Dollar-Hedged)
(Administrative Class Shares)
 
Investment Adviser:
Pacific Investment Management Company LLC
 
1.09%
 
3.95%
 
1.03%
 
2.88%
Seeks maximum total return, consistent with preservation of capital and prudent investment management.
PIMCO Low Duration Portfolio (Administrative Class Shares)
 
Investment Adviser:
Pacific Investment Management Company LLC
 
0.66%
 
5.52%
 
1.57%
 
1.79%
Seeks to provide current income and long-term growth of income and capital.
Principal PVC Equity Income Account
(Class 2 Shares)
 
Investment Adviser:
Principal Global Investors, LLC
 
0.73%
 
 
15.25%
 
9.94%
 
11.24%
Seeks to long-term growth of capital.
Principal PVC MidCap Account
(Class 2 Shares)
 
Investment Adviser:
Principal Global Investors, LLC
 
0.78%
 
 
1.52%
 
8.06%
 
12.30%
Seeks to provide long-term growth of capital.
Principal PVC Principal Capital Appreciation Account (Class 2 Shares)
 
Investment Adviser:
Principal Global Investors, LLC
 
0.88%
 
 
13.22%
 
 
13.53%
 
14.07%
 
Seeks long-term growth of capital.
Principal PVC SmallCap Account
(Class 2 Shares)
 
Investment Adviser:
Principal Global Investors, LLC
 
1.10%
 
14.78%
 
 
6.02%
 
 
9.29%
 
Seeks to provide as high a level of total return as is consistent with reasonable risk.
Principal SAM Balanced Portfolio
(Class 2 Shares)
 
Investment Adviser:
Principal Global Investors, LLC
 
0.48%
 
 
13.65%
 
6.99%
 
8.01%
Seeks to provide a high level of total return consistent with a moderate degree of principal risk.
Principal SAM Conservative Balanced Portfolio (Class 2 Shares)
 
Investment Adviser:
Principal Global Investors, LLC
 
0.49%
 
 
11.28%
 
4.78%
 
6.12%
Seeks to provide long-term capital appreciation.
Principal SAM Conservative Growth Portfolio (Class 2 Shares)
 
Investment Adviser:
Principal Global Investors, LLC
 
0.49%
 
 
15.31%
 
 
8.74%
 
 
9.67%
 
Seeks to provide
a high level of total return.
Principal SAM Flexible Income Portfolio (Class 2 Shares)
 
Investment Adviser:
Principal Global Investors, LLC
 
0.50%
 
 
9.61%
 
 
3.31%
 
 
4.85%
 
Seeks to provide long-term capital appreciation.
Principal SAM Strategic Growth Portfolio (Class 2 Shares)
 
Investment Adviser:
Principal Global Investors, LLC
 
0.49%
 
 
16.61%
 
 
9.88%
 
 
10.69%
 
Seeks long-term capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets in emerging markets investments.
Templeton Emerging Markets VIP Fund (Class 2 Shares)5
 
Investment Adviser:
Templeton Asset Management Ltd.
 
Subadviser:
Franklin Templeton Investment Management Limited
 
1.37%
 
46.27%
 
5.46%
 
10.40%


1
The Subaccount that invests in this Portfolio is closed to new investors.

2
This Portfolio is subject to an expense reimbursement or fee waiver arrangement resulting in a temporary expense reduction. See the Portfolio’s prospectus for additional information.

3
Effective December 31, 2025, the BNY Opportunistic Small Cap Portfolio is renamed BNY Small Cap Portfolio.

4
Effective April 27, 2026, the Calvert VP SRI Mid Cap Portfolio is liquidated. All funds from the Calvert VP SRI Mid Cap Portfolio have been placed in the DWS Government Money Market VIP fund.
5 Effective May 1, 2026, the Templeton Developing Markets VIP Fund is renamed the Templeton Emerging Markets VIP Fund.



Appendix B—Guaranteed Maximum Cost of Insurance Rates

 

 
 
GUARANTEED MAXIMUM MONTHLY COST OF INSURANCE RATES
Male Non-Nicotine (Issue Ages 21-80)*
Per $1000 of Risk Insurance Amount
Attained
Age
Cost of
Insurance
Rate
Attained
Age
Cost of
Insurance
Rate
Attained
Age
Cost of
Insurance
Rate
Attained
Age
Cost of
Insurance
Rate
Attained
Age
Cost of
Insurance
Rate
Attained
Age
Cost of
Insurance
Rate
 
 
 
 
 
 
 
 
 
 
 
 
21
0.13788
35
0.14370
49
0.39205
62
1.35058
75
5.13652
88
16.39051
 
 
 
 
 
 
 
 
 
 
 
 
22
0.13539
36
0.15117
50
0.42611
63
1.50009
76
5.66811
89
17.59988
 
 
 
 
 
 
 
 
 
 
 
 
23
0.13207
37
0.16114
51
0.46514
64
1.66621
77
6.22379
90
18.85909
 
 
 
 
 
 
 
 
 
 
 
 
24
0.12875
38
0.17194
52
0.51000
65
1.84812
78
6.80688
91
20.19721
 
 
 
 
 
 
 
 
 
 
 
 
25
0.12459
39
0.18357
53
0.56150
66
2.04497
79
7.43566
92
21.66408
 
 
 
 
 
 
 
 
 
 
 
 
26
0.12210
40
0.19769
54
0.61881
67
2.25096
80
8.13005
93
23.40255
 
 
 
 
 
 
 
 
 
 
 
 
27
0.12044
41
0.21264
55
0.68276
68
2.48520
81
8.90834
94
25.73492
 
 
 
 
 
 
 
 
 
 
 
 
28
0.11961
42
0.22842
56
0.75254
69
2.73937
82
9.78630
95
29.22599
 
 
 
 
 
 
 
 
 
 
 
 
29
0.11961
43
0.24586
57
0.82646
70
3.02676
83
10.75978
96
34.96802
 
 
 
 
 
 
 
 
 
 
 
 
30
0.12044
44
0.26497
58
0.90869
71
3.35485
84
11.80967
97
44.93622
 
 
 
 
 
 
 
 
 
 
 
 
31
0.12293
45
0.28656
59
1.00089
72
3.73361
85
12.91190
98
61.89321
 
 
 
 
 
 
 
 
 
 
 
 
32
0.12625
46
0.30982
60
1.10389
73
4.16221
86
14.05233
99
83.06141
 
 
 
 
 
 
 
 
 
 
 
 
33
0.13124
47
0.33474
61
1.21851
74
4.63317
87
15.21353
100-109
0.00000
 
 
 
 
 
 
 
 
 
 
 
 
34
0.13705
48
0.36215
                
* Different rates apply for male nicotine users, all females, and all juveniles (Issue Ages 0-20).
If the Insured is in a special Premium Class, the guaranteed maximum monthly cost of insurance rate will be the rate shown in the table times the special Premium Class rating factor shown on the Policy Specifications page.
The rates shown above are for the base Policy only. Separate maximum charges apply to each rider.

Appendix C—Table of Surrender Charge Factors

 

 
 
                                 
TABLE OF SURRENDER CHARGE FACTORS
Male Non-Nicotine (Preferred & Standard)
Number of Full Policy Years Completed Since the Issue Date
Issue
Age
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15 or
more
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
21
5.84
5.84
5.84
5.84
5.84
5.26
4.68
4.09
3.51
2.92
2.34
1.75
1.17
0.58
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
22
5.84
5.84
5.84
5.84
5.84
5.26
4.68
4.09
3.51
2.92
2.34
1.75
1.17
0.58
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
23
5.84
5.84
5.84
5.84
5.84
5.26
4.68
4.09
3.51
2.92
2.34
1.75
1.17
0.58
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
24
5.84
5.84
5.84
5.84
5.84
5.26
4.68
4.09
3.51
2.92
2.34
1.75
1.17
0.58
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
25
5.84
5.84
5.84
5.84
5.84
5.26
4.68
4.09
3.51
2.92
2.34
1.75
1.17
0.58
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
26
5.84
5.84
5.84
5.84
5.84
5.26
4.68
4.09
3.51
2.92
2.34
1.75
1.17
0.58
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
27
5.84
5.84
5.84
5.84
5.84
5.26
4.68
4.09
3.51
2.92
2.34
1.75
1.17
0.58
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
28
5.84
5.84
5.84
5.84
5.84
5.26
4.68
4.09
3.51
2.92
2.34
1.75
1.17
0.58
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
29
5.84
5.84
5.84
5.84
5.84
5.26
4.68
4.09
3.51
2.92
2.34
1.75
1.17
0.58
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
30
5.84
5.84
5.84
5.84
5.84
5.26
4.68
4.09
3.51
2.92
2.34
1.75
1.17
0.58
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31
5.91
5.91
5.91
5.91
5.91
5.32
4.73
4.14
3.55
2.96
2.36
1.77
1.18
0.59
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
32
5.98
5.98
5.98
5.98
5.98
5.38
4.78
4.19
3.59
2.99
2.39
1.79
1.20
0.60
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
33
6.01
6.01
6.01
6.01
6.01
5.41
4.81
4.21
3.61
3.01
2.41
1.80
1.20
0.60
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
34
6.11
6.11
6.11
6.11
6.11
5.50
4.89
4.28
3.67
3.06
2.45
1.83
1.22
0.61
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
35
6.18
6.18
6.18
6.18
6.18
5.56
4.94
4.33
3.71
3.09
2.47
1.85
1.24
0.62
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
36
6.28
6.28
6.28
6.28
6.28
5.66
5.03
4.40
3.77
3.14
2.51
1.89
1.26
0.63
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
37
6.32
6.32
6.32
6.32
6.32
5.68
5.05
4.42
3.79
3.16
2.53
1.89
1.26
0.63
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
38
6.42
6.42
6.42
6.42
6.42
5.78
5.13
4.49
3.85
3.21
2.57
1.93
1.28
0.64
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
39
6.52
6.52
6.52
6.52
6.52
5.87
5.22
4.56
3.91
3.26
2.61
1.96
1.30
0.65
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
40
6.62
6.62
6.62
6.62
6.62
5.96
5.30
4.63
3.97
3.31
2.65
1.99
1.32
0.66
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
41
6.76
6.76
6.76
6.76
6.76
6.08
5.40
4.73
4.05
3.38
2.70
2.03
1.35
0.68
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
42
6.82
6.82
6.82
6.82
6.82
6.14
5.46
4.78
4.09
3.41
2.73
2.05
1.36
0.68
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
43
6.99
6.99
6.99
6.99
6.99
6.29
5.59
4.89
4.19
3.50
2.80
2.10
1.40
0.70
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
44
7.13
7.13
7.13
7.13
7.13
6.41
5.70
4.99
4.28
3.56
2.85
2.14
1.43
0.71
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
45
7.30
7.30
7.30
7.30
7.30
6.57
5.84
5.11
4.38
3.65
2.92
2.19
1.46
0.73
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
46
7.46
7.46
7.46
7.46
7.46
6.72
5.97
5.23
4.48
3.73
2.99
2.24
1.49
0.75
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
47
7.67
7.67
7.67
7.67
7.67
6.90
6.13
5.37
4.60
3.83
3.07
2.30
1.53
0.77
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
48
7.87
7.87
7.87
7.87
7.87
7.08
6.30
5.51
4.72
3.93
3.15
2.36
1.57
0.79
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
49
8.14
8.14
8.14
8.14
8.14
7.33
6.51
5.70
4.88
4.07
3.26
2.44
1.63
0.81
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
50
8.38
8.38
8.38
8.38
8.38
7.54
6.70
5.86
5.03
4.19
3.35
2.51
1.68
0.84
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
51
8.65
8.65
8.65
8.65
8.65
7.78
6.92
6.05
5.19
4.32
3.46
2.59
1.73
0.86
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
52
8.95
8.95
8.95
8.95
8.95
8.05
7.16
6.26
5.37
4.47
3.58
2.68
1.79
0.89
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
53
9.29
9.29
9.29
9.29
9.29
8.36
7.43
6.50
5.57
4.64
3.71
2.79
1.86
0.93
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
54
9.62
9.62
9.62
9.62
9.62
8.66
7.70
6.74
5.77
4.81
3.85
2.89
1.92
0.96
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
55
10.06
10.06
10.06
10.06
10.06
9.06
8.05
7.04
6.04
5.03
4.03
3.02
2.01
1.01
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
56
10.47
10.47
10.47
10.47
10.47
9.42
8.37
7.33
6.28
5.23
4.19
3.14
2.09
1.05
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
57
10.91
10.91
10.91
10.91
10.91
9.82
8.72
7.63
6.54
5.45
4.36
3.27
2.18
1.09
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
58
11.41
11.41
11.41
11.41
11.41
10.27
9.13
7.99
6.85
5.71
4.57
3.42
2.28
1.14
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
59
11.99
11.99
11.99
11.99
11.99
10.79
9.59
8.39
7.19
5.99
4.79
3.60
2.40
1.20
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
60
12.56
12.56
12.56
12.56
12.56
11.30
10.05
8.79
7.54
6.28
5.02
3.77
2.51
1.26
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
61
13.17
13.17
13.17
13.17
13.17
11.85
10.53
9.22
7.90
6.58
5.27
3.95
2.63
1.32
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
62
13.88
13.88
13.88
13.88
13.88
12.49
11.10
9.71
8.33
6.94
5.55
4.16
2.78
1.39
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
63
14.62
14.62
14.62
14.62
14.62
13.16
11.70
10.23
8.77
7.31
5.85
4.39
2.92
1.46
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
64
15.43
15.43
15.43
15.43
15.43
13.89
12.34
10.80
9.26
7.71
6.17
4.63
3.09
1.54
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
65
16.25
16.25
16.25
16.25
16.25
14.63
13.00
11.38
9.75
8.13
6.50
4.88
3.25
1.63
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
66
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
67
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
68
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
69
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
70
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
71
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
72
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
73
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
74
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
75
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
76
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
77
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
78
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
79
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
80
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
                                 
TABLE OF SURRENDER CHARGE FACTORS
Female Non-Nicotine (Preferred & Standard)
Number of Full Policy Years Completed Since the Issue Date
Issue
Age
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15 or
more
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
21
5.74
5.74
5.74
5.74
5.74
5.17
4.59
4.02
3.45
2.87
2.30
1.72
1.15
0.57
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
22
5.74
5.74
5.74
5.74
5.74
5.17
4.59
4.02
3.45
2.87
2.30
1.72
1.15
0.57
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
23
5.74
5.74
5.74
5.74
5.74
5.17
4.59
4.02
3.45
2.87
2.30
1.72
1.15
0.57
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
24
5.74
5.74
5.74
5.74
5.74
5.17
4.59
4.02
3.45
2.87
2.30
1.72
1.15
0.57
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
25
5.74
5.74
5.74
5.74
5.74
5.17
4.59
4.02
3.45
2.87
2.30
1.72
1.15
0.57
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
26
5.74
5.74
5.74
5.74
5.74
5.17
4.59
4.02
3.45
2.87
2.30
1.72
1.15
0.57
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
27
5.74
5.74
5.74
5.74
5.74
5.17
4.59
4.02
3.45
2.87
2.30
1.72
1.15
0.57
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
28
5.74
5.74
5.74
5.74
5.74
5.17
4.59
4.02
3.45
2.87
2.30
1.72
1.15
0.57
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
29
5.74
5.74
5.74
5.74
5.74
5.17
4.59
4.02
3.45
2.87
2.30
1.72
1.15
0.57
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
30
5.74
5.74
5.74
5.74
5.74
5.17
4.59
4.02
3.45
2.87
2.30
1.72
1.15
0.57
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31
5.78
5.78
5.78
5.78
5.78
5.20
4.62
4.04
3.47
2.89
2.31
1.73
1.16
0.58
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
32
5.81
5.81
5.81
5.81
5.81
5.23
4.65
4.07
3.49
2.91
2.32
1.74
1.16
0.58
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
33
5.84
5.84
5.84
5.84
5.84
5.26
4.68
4.09
3.51
2.92
2.34
1.75
1.17
0.58
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
34
5.91
5.91
5.91
5.91
5.91
5.32
4.73
4.14
3.55
2.96
2.36
1.77
1.18
0.59
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
35
5.95
5.95
5.95
5.95
5.95
5.35
4.76
4.16
3.57
2.97
2.38
1.78
1.19
0.59
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
36
5.98
5.98
5.98
5.98
5.98
5.38
4.78
4.19
3.59
2.99
2.39
1.79
1.20
0.60
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
37
6.08
6.08
6.08
6.08
6.08
5.47
4.86
4.26
3.65
3.04
2.43
1.82
1.22
0.61
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
38
6.11
6.11
6.11
6.11
6.11
5.50
4.89
4.28
3.67
3.06
2.45
1.83
1.22
0.61
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
39
6.18
6.18
6.18
6.18
6.18
5.56
4.94
4.33
3.71
3.09
2.47
1.85
1.24
0.62
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
40
6.28
6.28
6.28
6.28
6.28
5.66
5.03
4.40
3.77
3.14
2.51
1.89
1.26
0.63
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
41
6.35
6.35
6.35
6.35
6.35
5.72
5.08
4.45
3.81
3.18
2.54
1.91
1.27
0.64
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
42
6.42
6.42
6.42
6.42
6.42
5.78
5.13
4.49
3.85
3.21
2.57
1.93
1.28
0.64
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
43
6.49
6.49
6.49
6.49
6.49
5.84
5.19
4.54
3.89
3.24
2.59
1.95
1.30
0.65
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
44
6.62
6.62
6.62
6.62
6.62
5.96
5.30
4.63
3.97
3.31
2.65
1.99
1.32
0.66
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
45
6.69
6.69
6.69
6.69
6.69
6.02
5.35
4.68
4.01
3.34
2.68
2.01
1.34
0.67
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
46
6.82
6.82
6.82
6.82
6.82
6.14
5.46
4.78
4.09
3.41
2.73
2.05
1.36
0.68
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
47
6.92
6.92
6.92
6.92
6.92
6.23
5.54
4.85
4.15
3.46
2.77
2.08
1.38
0.69
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
48
7.09
7.09
7.09
7.09
7.09
6.38
5.67
4.97
4.26
3.55
2.84
2.13
1.42
0.71
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
49
7.19
7.19
7.19
7.19
7.19
6.47
5.76
5.04
4.32
3.60
2.88
2.16
1.44
0.72
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
50
7.36
7.36
7.36
7.36
7.36
6.63
5.89
5.15
4.42
3.68
2.95
2.21
1.47
0.74
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
51
7.53
7.53
7.53
7.53
7.53
6.78
6.02
5.27
4.52
3.77
3.01
2.26
1.51
0.75
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
52
7.70
7.70
7.70
7.70
7.70
6.93
6.16
5.39
4.62
3.85
3.08
2.31
1.54
0.77
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
53
7.90
7.90
7.90
7.90
7.90
7.11
6.32
5.53
4.74
3.95
3.16
2.37
1.58
0.79
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
54
8.14
8.14
8.14
8.14
8.14
7.33
6.51
5.70
4.88
4.07
3.26
2.44
1.63
0.81
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
55
8.38
8.38
8.38
8.38
8.38
7.54
6.70
5.86
5.03
4.19
3.35
2.51
1.68
0.84
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
56
8.58
8.58
8.58
8.58
8.58
7.72
6.86
6.01
5.15
4.29
3.43
2.57
1.72
0.86
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
57
8.88
8.88
8.88
8.88
8.88
7.99
7.10
6.22
5.33
4.44
3.55
2.66
1.78
0.89
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
58
9.12
9.12
9.12
9.12
9.12
8.21
7.29
6.38
5.47
4.56
3.65
2.74
1.82
0.91
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
59
9.46
9.46
9.46
9.46
9.46
8.51
7.56
6.62
5.67
4.73
3.78
2.84
1.89
0.95
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
60
9.79
9.79
9.79
9.79
9.79
8.81
7.83
6.86
5.88
4.90
3.92
2.94
1.96
0.98
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
61
10.10
10.10
10.10
10.10
10.10
9.09
8.08
7.07
6.06
5.05
4.04
3.03
2.02
1.01
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
62
10.40
10.40
10.40
10.40
10.40
9.36
8.32
7.28
6.24
5.20
4.16
3.12
2.08
1.04
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
63
10.77
10.77
10.77
10.77
10.77
9.69
8.62
7.54
6.46
5.39
4.31
3.23
2.15
1.08
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
64
11.14
11.14
11.14
11.14
11.14
10.03
8.91
7.80
6.69
5.57
4.46
3.34
2.23
1.11
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
65
11.58
11.58
11.58
11.58
11.58
10.42
9.26
8.11
6.95
5.79
4.63
3.47
2.32
1.16
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
66
12.91
12.91
12.91
11.62
10.33
9.04
7.75
6.46
5.16
3.87
2.58
1.94
1.29
0.65
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
67
13.66
13.66
13.66
12.30
10.93
9.56
8.20
6.83
5.46
4.10
2.73
2.05
1.37
0.68
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
68
14.41
14.41
14.41
12.97
11.53
10.09
8.65
7.21
5.76
4.32
2.88
2.16
1.44
0.72
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
69
15.28
15.28
15.28
13.75
12.22
10.69
9.17
7.64
6.11
4.58
3.06
2.29
1.53
0.76
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
70
16.21
16.21
16.21
14.59
12.97
11.35
9.73
8.11
6.48
4.86
3.24
2.43
1.62
0.81
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
71
17.41
17.41
17.41
15.67
13.93
12.19
10.45
8.71
6.96
5.22
3.48
2.61
1.74
0.87
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
72
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
73
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
74
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
75
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
76
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
77
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
78
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
79
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
80
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
                                 
TABLE OF SURRENDER CHARGE FACTORS
Male Nicotine
Number of Full Policy Years Completed Since the Issue Date
Issue
Age
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15 or
more
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0
5.36
5.36
5.36
5.36
5.36
4.82
4.29
3.75
3.22
2.68
2.14
1.61
1.07
0.54
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1
5.36
5.36
5.36
5.36
5.36
4.82
4.29
3.75
3.22
2.68
2.14
1.61
1.07
0.54
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2
5.36
5.36
5.36
5.36
5.36
4.82
4.29
3.75
3.22
2.68
2.14
1.61
1.07
0.54
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3
5.36
5.36
5.36
5.36
5.36
4.82
4.29
3.75
3.22
2.68
2.14
1.61
1.07
0.54
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4
5.36
5.36
5.36
5.36
5.36
4.82
4.29
3.75
3.22
2.68
2.14
1.61
1.07
0.54
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5
5.36
5.36
5.36
5.36
5.36
4.82
4.29
3.75
3.22
2.68
2.14
1.61
1.07
0.54
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
6
5.36
5.36
5.36
5.36
5.36
4.82
4.29
3.75
3.22
2.68
2.14
1.61
1.07
0.54
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
7
5.36
5.36
5.36
5.36
5.36
4.82
4.29
3.75
3.22
2.68
2.14
1.61
1.07
0.54
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
8
5.36
5.36
5.36
5.36
5.36
4.82
4.29
3.75
3.22
2.68
2.14
1.61
1.07
0.54
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
9
5.36
5.36
5.36
5.36
5.36
4.82
4.29
3.75
3.22
2.68
2.14
1.61
1.07
0.54
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
10
5.36
5.36
5.36
5.36
5.36
4.82
4.29
3.75
3.22
2.68
2.14
1.61
1.07
0.54
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
11
5.38
5.38
5.38
5.38
5.38
4.85
4.31
3.77
3.23
2.69
2.15
1.62
1.08
0.54
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
12
5.43
5.43
5.43
5.43
5.43
4.89
4.34
3.80
3.26
2.71
2.17
1.63
1.09
0.54
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
13
5.50
5.50
5.50
5.50
5.50
4.95
4.40
3.85
3.30
2.75
2.20
1.65
1.10
0.55
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
14
5.56
5.56
5.56
5.56
5.56
5.01
4.45
3.89
3.34
2.78
2.23
1.67
1.11
0.56
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
15
5.84
5.84
5.84
5.84
5.84
5.26
4.68
4.09
3.51
2.92
2.34
1.75
1.17
0.58
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
16
5.88
5.88
5.88
5.88
5.88
5.29
4.70
4.12
3.53
2.94
2.35
1.76
1.18
0.59
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
17
5.90
5.90
5.90
5.90
5.90
5.31
4.72
4.13
3.54
2.95
2.36
1.77
1.18
0.59
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18
5.93
5.93
5.93
5.93
5.93
5.34
4.75
4.15
3.56
2.97
2.37
1.78
1.19
0.59
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
19
5.96
5.96
5.96
5.96
5.96
5.36
4.76
4.17
3.57
2.98
2.38
1.79
1.19
0.60
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
20
5.99
5.99
5.99
5.99
5.99
5.39
4.79
4.19
3.59
3.00
2.40
1.80
1.20
0.60
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
21
6.01
6.01
6.01
6.01
6.01
5.41
4.81
4.21
3.61
3.01
2.41
1.80
1.20
0.60
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
22
6.05
6.05
6.05
6.05
6.05
5.44
4.84
4.23
3.63
3.02
2.42
1.81
1.21
0.60
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
23
6.07
6.07
6.07
6.07
6.07
5.46
4.86
4.25
3.64
3.03
2.43
1.82
1.21
0.61
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
24
6.10
6.10
6.10
6.10
6.10
5.49
4.88
4.27
3.66
3.05
2.44
1.83
1.22
0.61
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
25
6.13
6.13
6.13
6.13
6.13
5.51
4.90
4.29
3.68
3.06
2.45
1.84
1.23
0.61
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
26
6.15
6.15
6.15
6.15
6.15
5.53
4.92
4.30
3.69
3.07
2.46
1.84
1.23
0.61
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
27
6.18
6.18
6.18
6.18
6.18
5.56
4.94
4.33
3.71
3.09
2.47
1.85
1.24
0.62
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
28
6.20
6.20
6.20
6.20
6.20
5.58
4.96
4.34
3.72
3.10
2.48
1.86
1.24
0.62
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
29
6.24
6.24
6.24
6.24
6.24
5.61
4.99
4.37
3.74
3.12
2.50
1.87
1.25
0.62
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
30
6.26
6.26
6.26
6.26
6.26
5.63
5.01
4.38
3.76
3.13
2.50
1.88
1.25
0.63
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31
6.40
6.40
6.40
6.40
6.40
5.76
5.12
4.48
3.84
3.20
2.56
1.92
1.28
0.64
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
32
6.53
6.53
6.53
6.53
6.53
5.88
5.22
4.57
3.92
3.27
2.61
1.96
1.31
0.65
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
33
6.62
6.62
6.62
6.62
6.62
5.96
5.30
4.63
3.97
3.31
2.65
1.99
1.32
0.66
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
34
6.82
6.82
6.82
6.82
6.82
6.14
5.46
4.78
4.09
3.41
2.73
2.05
1.36
0.68
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
35
6.97
6.97
6.97
6.97
6.97
6.27
5.58
4.88
4.18
3.48
2.79
2.09
1.39
0.70
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
36
7.18
7.18
7.18
7.18
7.18
6.47
5.75
5.03
4.31
3.59
2.87
2.16
1.44
0.72
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
37
7.28
7.28
7.28
7.28
7.28
6.56
5.83
5.10
4.37
3.64
2.91
2.19
1.46
0.73
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
38
7.51
7.51
7.51
7.51
7.51
6.76
6.01
5.26
4.51
3.75
3.00
2.25
1.50
0.75
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
39
7.73
7.73
7.73
7.73
7.73
6.96
6.19
5.41
4.64
3.87
3.09
2.32
1.55
0.77
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
40
7.97
7.97
7.97
7.97
7.97
7.17
6.38
5.58
4.78
3.99
3.19
2.39
1.59
0.80
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
41
8.27
8.27
8.27
8.27
8.27
7.45
6.62
5.79
4.96
4.14
3.31
2.48
1.65
0.83
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
42
8.47
8.47
8.47
8.47
8.47
7.62
6.77
5.93
5.08
4.23
3.39
2.54
1.69
0.85
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
43
8.85
8.85
8.85
8.85
8.85
7.96
7.08
6.19
5.31
4.42
3.54
2.65
1.77
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
44
9.19
9.19
9.19
9.19
9.19
8.27
7.35
6.43
5.51
4.59
3.67
2.76
1.84
0.92
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
45
9.59
9.59
9.59
9.59
9.59
8.63
7.67
6.71
5.75
4.80
3.84
2.88
1.92
0.96
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
46
9.85
9.85
9.85
9.85
9.85
8.86
7.88
6.89
5.91
4.92
3.94
2.95
1.97
0.98
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
47
10.15
10.15
10.15
10.15
10.15
9.14
8.12
7.11
6.09
5.08
4.06
3.05
2.03
1.02
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
48
10.46
10.46
10.46
10.46
10.46
9.41
8.36
7.32
6.27
5.23
4.18
3.14
2.09
1.05
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
49
10.86
10.86
10.86
10.86
10.86
9.77
8.69
7.60
6.52
5.43
4.34
3.26
2.17
1.09
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
50
11.19
11.19
11.19
11.19
11.19
10.07
8.95
7.83
6.71
5.59
4.48
3.36
2.24
1.12
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
51
11.56
11.56
11.56
11.56
11.56
10.40
9.25
8.09
6.94
5.78
4.62
3.47
2.31
1.16
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
52
11.98
11.98
11.98
11.98
11.98
10.78
9.58
8.38
7.19
5.99
4.79
3.59
2.40
1.20
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
53
12.43
12.43
12.43
12.43
12.43
11.18
9.94
8.70
7.46
6.21
4.97
3.73
2.49
1.24
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
54
12.86
12.86
12.86
12.86
12.86
11.58
10.29
9.01
7.72
6.43
5.15
3.86
2.57
1.29
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
55
13.44
13.44
13.44
13.44
13.44
12.09
10.75
9.41
8.06
6.72
5.38
4.03
2.69
1.34
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
56
13.93
13.93
13.93
13.93
13.93
12.54
11.15
9.75
8.36
6.97
5.57
4.18
2.79
1.39
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
57
14.45
14.45
14.45
14.45
14.45
13.01
11.56
10.12
8.67
7.23
5.78
4.34
2.89
1.45
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
58
15.04
15.04
15.04
15.04
15.04
13.54
12.03
10.53
9.03
7.52
6.02
4.51
3.01
1.50
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
59
15.71
15.71
15.71
15.71
15.71
14.14
12.57
11.00
9.43
7.86
6.28
4.71
3.14
1.57
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
60
16.25
16.25
16.25
16.25
16.25
14.63
13.00
11.38
9.75
8.13
6.50
4.88
3.25
1.63
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
61
16.25
16.25
16.25
16.25
16.25
14.63
13.00
11.38
9.75
8.13
6.50
4.88
3.25
1.63
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
62
16.25
16.25
16.25
16.25
16.25
14.63
13.00
11.38
9.75
8.13
6.50
4.88
3.25
1.63
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
63
16.25
16.25
16.25
16.25
16.25
14.63
13.00
11.38
9.75
8.13
6.50
4.88
3.25
1.63
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
64
16.25
16.25
16.25
16.25
16.25
14.63
13.00
11.38
9.75
8.13
6.50
4.88
3.25
1.63
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
65
16.25
16.25
16.25
16.25
16.25
14.63
13.00
11.38
9.75
8.13
6.50
4.88
3.25
1.63
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
66
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
67
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
68
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
69
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
70
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
71
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
72
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
73
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
74
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
75
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
76
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
77
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
78
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
79
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
80
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
                                 
TABLE OF SURRENDER CHARGE FACTORS
Female Nicotine
Number of Full Policy Years Completed Since the Issue Date
Issue
Age
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15 or
more
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0
5.32
5.32
5.32
5.32
5.32
4.78
4.25
3.72
3.19
2.66
2.13
1.59
1.06
0.53
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1
5.32
5.32
5.32
5.32
5.32
4.78
4.25
3.72
3.19
2.66
2.13
1.59
1.06
0.53
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2
5.32
5.32
5.32
5.32
5.32
4.78
4.25
3.72
3.19
2.66
2.13
1.59
1.06
0.53
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3
5.32
5.32
5.32
5.32
5.32
4.78
4.25
3.72
3.19
2.66
2.13
1.59
1.06
0.53
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4
5.32
5.32
5.32
5.32
5.32
4.78
4.25
3.72
3.19
2.66
2.13
1.59
1.06
0.53
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5
5.32
5.32
5.32
5.32
5.32
4.78
4.25
3.72
3.19
2.66
2.13
1.59
1.06
0.53
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
6
5.32
5.32
5.32
5.32
5.32
4.78
4.25
3.72
3.19
2.66
2.13
1.59
1.06
0.53
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
7
5.32
5.32
5.32
5.32
5.32
4.78
4.25
3.72
3.19
2.66
2.13
1.59
1.06
0.53
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
8
5.32
5.32
5.32
5.32
5.32
4.78
4.25
3.72
3.19
2.66
2.13
1.59
1.06
0.53
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
9
5.32
5.32
5.32
5.32
5.32
4.78
4.25
3.72
3.19
2.66
2.13
1.59
1.06
0.53
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
10
5.32
5.32
5.32
5.32
5.32
4.78
4.25
3.72
3.19
2.66
2.13
1.59
1.06
0.53
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
11
5.32
5.32
5.32
5.32
5.32
4.78
4.25
3.72
3.19
2.66
2.13
1.59
1.06
0.53
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
12
5.36
5.36
5.36
5.36
5.36
4.82
4.29
3.75
3.22
2.68
2.14
1.61
1.07
0.54
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
13
5.36
5.36
5.36
5.36
5.36
4.82
4.29
3.75
3.22
2.68
2.14
1.61
1.07
0.54
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
14
5.38
5.38
5.38
5.38
5.38
4.85
4.31
3.77
3.23
2.69
2.15
1.62
1.08
0.54
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
15
5.61
5.61
5.61
5.61
5.61
5.05
4.49
3.93
3.37
2.80
2.24
1.68
1.12
0.56
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
16
5.63
5.63
5.63
5.63
5.63
5.07
4.50
3.94
3.38
2.82
2.25
1.69
1.13
0.56
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
17
5.69
5.69
5.69
5.69
5.69
5.12
4.55
3.98
3.41
2.84
2.27
1.71
1.14
0.57
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18
5.71
5.71
5.71
5.71
5.71
5.14
4.57
4.00
3.43
2.85
2.28
1.71
1.14
0.57
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
19
5.77
5.77
5.77
5.77
5.77
5.19
4.61
4.04
3.46
2.88
2.31
1.73
1.15
0.58
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
20
5.79
5.79
5.79
5.79
5.79
5.21
4.63
4.05
3.47
2.89
2.32
1.74
1.16
0.58
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
21
5.89
5.89
5.89
5.89
5.89
5.30
4.71
4.12
3.53
2.94
2.36
1.77
1.18
0.59
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
22
5.91
5.91
5.91
5.91
5.91
5.32
4.73
4.14
3.55
2.96
2.36
1.77
1.18
0.59
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
23
5.95
5.95
5.95
5.95
5.95
5.35
4.76
4.16
3.57
2.97
2.38
1.78
1.19
0.59
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
24
5.97
5.97
5.97
5.97
5.97
5.37
4.77
4.18
3.58
2.98
2.39
1.79
1.19
0.60
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
25
5.99
5.99
5.99
5.99
5.99
5.39
4.79
4.19
3.59
3.00
2.40
1.80
1.20
0.60
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
26
6.01
6.01
6.01
6.01
6.01
5.41
4.81
4.21
3.61
3.01
2.41
1.80
1.20
0.60
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
27
6.04
6.04
6.04
6.04
6.04
5.43
4.83
4.22
3.62
3.02
2.41
1.81
1.21
0.60
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
28
6.07
6.07
6.07
6.07
6.07
5.46
4.86
4.25
3.64
3.03
2.43
1.82
1.21
0.61
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
29
6.09
6.09
6.09
6.09
6.09
5.48
4.87
4.26
3.65
3.05
2.44
1.83
1.22
0.61
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
30
6.11
6.11
6.11
6.11
6.11
5.50
4.89
4.28
3.67
3.06
2.45
1.83
1.22
0.61
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31
6.19
6.19
6.19
6.19
6.19
5.57
4.95
4.34
3.72
3.10
2.48
1.86
1.24
0.62
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
32
6.27
6.27
6.27
6.27
6.27
5.64
5.02
4.39
3.76
3.14
2.51
1.88
1.25
0.63
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
33
6.35
6.35
6.35
6.35
6.35
5.72
5.08
4.45
3.81
3.18
2.54
1.91
1.27
0.64
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
34
6.49
6.49
6.49
6.49
6.49
5.84
5.19
4.54
3.89
3.24
2.59
1.95
1.30
0.65
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
35
6.58
6.58
6.58
6.58
6.58
5.92
5.26
4.60
3.95
3.29
2.63
1.97
1.32
0.66
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
36
6.67
6.67
6.67
6.67
6.67
6.00
5.33
4.67
4.00
3.33
2.67
2.00
1.33
0.67
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
37
6.87
6.87
6.87
6.87
6.87
6.18
5.49
4.81
4.12
3.43
2.75
2.06
1.37
0.69
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
38
6.97
6.97
6.97
6.97
6.97
6.27
5.58
4.88
4.18
3.48
2.79
2.09
1.39
0.70
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
39
7.13
7.13
7.13
7.13
7.13
6.41
5.70
4.99
4.28
3.56
2.85
2.14
1.43
0.71
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
40
7.35
7.35
7.35
7.35
7.35
6.62
5.88
5.15
4.41
3.68
2.94
2.21
1.47
0.74
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
41
7.52
7.52
7.52
7.52
7.52
6.77
6.02
5.26
4.51
3.76
3.01
2.26
1.50
0.75
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
42
7.69
7.69
7.69
7.69
7.69
6.92
6.15
5.38
4.61
3.84
3.08
2.31
1.54
0.77
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
43
7.87
7.87
7.87
7.87
7.87
7.08
6.30
5.51
4.72
3.93
3.15
2.36
1.57
0.79
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
44
8.18
8.18
8.18
8.18
8.18
7.37
6.55
5.73
4.91
4.09
3.27
2.46
1.64
0.82
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
45
8.38
8.38
8.38
8.38
8.38
7.54
6.70
5.86
5.03
4.19
3.35
2.51
1.68
0.84
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
46
8.59
8.59
8.59
8.59
8.59
7.73
6.87
6.01
5.15
4.29
3.44
2.58
1.72
0.86
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
47
8.72
8.72
8.72
8.72
8.72
7.85
6.98
6.11
5.23
4.36
3.49
2.62
1.74
0.87
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
48
8.97
8.97
8.97
8.97
8.97
8.07
7.18
6.28
5.38
4.49
3.59
2.69
1.79
0.90
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
49
9.10
9.10
9.10
9.10
9.10
8.19
7.28
6.37
5.46
4.55
3.64
2.73
1.82
0.91
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
50
9.33
9.33
9.33
9.33
9.33
8.40
7.46
6.53
5.60
4.67
3.73
2.80
1.87
0.93
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
51
9.56
9.56
9.56
9.56
9.56
8.60
7.64
6.69
5.73
4.78
3.82
2.87
1.91
0.96
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
52
9.77
9.77
9.77
9.77
9.77
8.79
7.82
6.84
5.86
4.89
3.91
2.93
1.95
0.98
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
53
10.03
10.03
10.03
10.03
10.03
9.03
8.02
7.02
6.02
5.01
4.01
3.01
2.01
1.00
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
54
10.33
10.33
10.33
10.33
10.33
9.30
8.27
7.23
6.20
5.17
4.13
3.10
2.07
1.03
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
55
10.63
10.63
10.63
10.63
10.63
9.56
8.50
7.44
6.38
5.31
4.25
3.19
2.13
1.06
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
56
10.84
10.84
10.84
10.84
10.84
9.76
8.67
7.59
6.50
5.42
4.34
3.25
2.17
1.08
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
57
11.21
11.21
11.21
11.21
11.21
10.09
8.97
7.85
6.73
5.61
4.48
3.36
2.24
1.12
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
58
11.45
11.45
11.45
11.45
11.45
10.30
9.16
8.01
6.87
5.72
4.58
3.43
2.29
1.14
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
59
11.83
11.83
11.83
11.83
11.83
10.65
9.46
8.28
7.10
5.91
4.73
3.55
2.37
1.18
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
60
12.19
12.19
12.19
12.19
12.19
10.97
9.75
8.53
7.31
6.09
4.87
3.66
2.44
1.22
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
61
12.47
12.47
12.47
12.47
12.47
11.22
9.98
8.73
7.48
6.24
4.99
3.74
2.49
1.25
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
62
12.74
12.74
12.74
12.74
12.74
11.47
10.19
8.92
7.64
6.37
5.10
3.82
2.55
1.27
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
63
13.08
13.08
13.08
13.08
13.08
11.77
10.46
9.16
7.85
6.54
5.23
3.92
2.62
1.31
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
64
13.39
13.39
13.39
13.39
13.39
12.05
10.71
9.38
8.04
6.70
5.36
4.02
2.68
1.34
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
65
13.78
13.78
13.78
13.78
13.78
12.40
11.02
9.64
8.27
6.89
5.51
4.13
2.76
1.38
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
66
15.29
15.29
15.29
13.76
12.23
10.70
9.17
7.64
6.12
4.59
3.06
2.29
1.53
0.76
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
67
15.98
15.98
15.98
14.38
12.78
11.18
9.59
7.99
6.39
4.79
3.20
2.40
1.60
0.80
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
68
16.61
16.61
16.61
14.95
13.29
11.63
9.97
8.31
6.64
4.98
3.32
2.49
1.66
0.83
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
69
17.33
17.33
17.33
15.59
13.86
12.13
10.40
8.66
6.93
5.20
3.47
2.60
1.73
0.87
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
70
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
71
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
72
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
73
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
74
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
75
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
76
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
77
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
78
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
79
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
80
17.50
17.50
17.50
15.75
14.00
12.25
10.50
8.75
7.00
5.25
3.50
2.63
1.75
0.88
0.00
0.00
 
Home Office
Service Center
12822 SE 32nd Street, Suite 2
P. O. Box 724208
Bellevue, Washington 98005
Atlanta, Georgia 31139
Phone: 1-800-238-9671
Phone: 1-877-376-8008 (toll free) 8:00 a.m. to 6:00 p.m. Eastern Time
The Statement of Additional Information (“SAI”) dated May 1, 2026 contains additional information about the Policy and the Variable Account. The Table of Contents for the SAI appears near the end of this prospectus. The SAI has been filed with the SEC and is incorporated by reference into this prospectus.
You can obtain the SAI (at no cost) by visiting our website at https://vpx.broadridge.com/GetContract1.asp?cid=fnwl&fid=vul1, by writing to the Service Center at the address shown above, or by calling 1-877-376-8008. You may also obtain reports and other information about the Variable Account on the SEC’s website at www.sec.gov, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.
Farmers Financial Solutions, LLC (“FFS”) serves as the principal underwriter and distributor of the Policies. You may obtain more information about FFS and its registered representatives at http://www.finra.org or by calling 1-800-289-9999. You also can obtain an investor brochure from the Financial Industry Regulatory Authority (“FINRA”), describing its Public Disclosure Program.
 
 
EDGAR Contract Identifier: C000027245

 Statement of Additional Information for the
Farmers® Variable Universal Life
Individual Flexible Premium Variable Life Insurance Policy
Issued Through
Farmers Variable Life Separate Account A
Offered by
Farmers New World Life Insurance Company
12822 SE 32nd Street, Suite 2
Bellevue, Washington 98005
Phone: 1-800-238-9671
Service Center:
P.O. Box 724208
Atlanta, Georgia 31139
Phone: 1-877-376-8008 (toll free)
8:00 a.m. to 6:00 p.m. Eastern Time
This Statement of Additional Information expands upon subjects discussed in the current Prospectus for Farmers® Variable Universal Life, an individual flexible premium variable life insurance policy, offered by Farmers New World Life Insurance Company. You may obtain a copy of the Prospectus for the Policy dated May 1, 2026 by calling 1-877-376-8008 or by writing to our Service Center at P.O. Box 724208, Atlanta, Georgia 31139.
This Statement of Additional Information is not a prospectus and should be read only in conjunction with the Prospectuses for your Policy and the Portfolios.
The date of this Statement of Additional Information is May 1, 2026.
 
Table of Contents
 
 
Page
 
General Information and History 
3
3
3
3
3
4
4
4
4
4
5
5
6
7
8
8
8
9
10
10
10
10
10
 
General Information and History
Farmers New World Life Insurance Company
Farmers New World Life Insurance Company (“Farmers”) is the stock life insurance company issuing the Policy. Farmers is located at 12822 SE 32nd Street, Suite 2, Bellevue, Washington 98005, and was incorporated under Washington law on February 21, 1910. Farmers established the Variable Account to support the investment options under the Policy and under other variable life insurance policies Farmers issues. Farmers’ General Account supports the Fixed Account under the Policy.
Farmers is a direct wholly-owned subsidiary of Farmers Group, Inc. (“FGI”). FGI is a stock holding and management company. The ultimate controlling parent of FGI is Zurich Insurance Group LTD (formerly Zurich Financial Services LTD), a publicly traded holding company listed on the Swiss Exchange, but not publicly traded in the U.S.
Farmers markets a broad line of individual life insurance products, including universal life, term life, and whole life insurance products. Farmers currently is licensed to sell insurance in 49 states and the District of Columbia. Farmers is not licensed in New York.
Farmers Variable Life Separate Account A
Farmers established the Variable Account as a separate investment account under Washington law on April 6, 1999. Farmers owns the assets in the variable account and is obligated to pay all benefits under the Policies. Farmers may use the variable account to support other variable life insurance policies Farmers issues. The variable account is registered with the U.S. Securities and Exchange Commission (“SEC”) as a unit investment trust under the Investment Company Act of 1940 and qualifies as a “separate account” within the meaning of the Federal securities laws.
We hold the title to the assets of the variable account. The assets are kept physically segregated and held separate and apart from our General Account assets and from the assets in any other separate account. We and our agent, McCamish, maintain records of all purchases and redemptions of portfolio shares held by each of the subaccounts. Additional protection for the assets of the variable account is provided by a blanket fidelity bond issued by Federal Insurance Company to Farmers Group, Inc., providing coverage of $20,000,000 in the aggregate and $10,000,000 per occurrence (subject to a $1,000,000 deductible) for all officers and employees of Farmers Group, Inc.
Additional Policy Provisions
The Policy
The entire contract consists of the Policy, the signed application attached at issue, any attached amendments and supplements to the application, any attached riders and endorsements and any attached application for reinstatement, increase in principal sum, or change in death benefit option. In the absence of fraud, we will consider all statements in the application to be representations and not warranties. No statement shall be used by us to contest a claim unless that statement is in an attached application or in an amendment or supplement to the application attached to the Policy.
Any change in the terms of the Policy must be in writing and signed by one of our officers. A copy of the change will be attached to the Policy. No agent has the authority to change any terms or conditions of the Policy.
Upon notice to you, we may modify the Policy to:

 •
conform the Policy, our operations, or the variable account’s operations to the requirements of any law (or regulation issued by a government agency) to which the Policy, our company or the variable account is subject;

•
assure continued qualification of the Policy as a life insurance contract under the Federal tax laws; or

•
reflect a change in the variable account’s operations.
If we modify the Policy, we will make appropriate endorsements to the Policy. If any provision of the Policy conflicts with the laws of a jurisdiction that govern the Policy, we will amend the provision to conform with such laws.
Our Right to Contest the Policy
In issuing the Policy, we rely on all statements made by or for the Insured in the application and in any amendments and supplements to the application. Therefore, if you make any material misrepresentation of a fact in the application (or in any amendments or supplements to the application), then we may contest the Policy’s validity or may resist a claim under the Policy.
In the absence of fraud, we cannot bring any legal action to contest the validity of the Policy after the Policy has been in force during the Insured’s lifetime for two years from the issue date, or if reinstated, for two years from the date of reinstatement. In the absence of fraud, we will not contest any increase in principal sum after the increase has been in force for two years during the Insured’s lifetime. This limitation of our right to contest the validity of the Policy does not apply to any riders.
Suicide Exclusion
If, within two years from the issue date, the insured dies by suicide, while sane or insane, we will limit the proceeds to the premiums paid; less any policy loans; less any partial surrender amounts previously paid.
A new two-year period will apply from the effective date of any reinstatement and to each increase in principal sum starting on the effective date of each increase. During this two-year period, the Death Benefit Proceeds paid that are associated with an increase in principal sum will be limited to the monthly cost of insurance charges for the increase.
Misstatement of Age or Sex
If the insured’s age or sex has been misstated, we will adjust the death benefit. The adjusted death benefit will be that which would have been purchased by the most recent monthly deduction based on the correct age or sex.
You may file proof of age or sex at any time. Once the insured’s age or sex is established to our satisfaction we will use this age or sex in any settlement.
Addition, Deletion or Substitution of Investments
We reserve the right, subject to applicable law, to make additions to, deletions from, or substitutions for the shares of a portfolio that are held in the variable account. New or substitute portfolios may have different fees and expenses and their availability may be limited to certain classes of purchasers. If the shares of a portfolio are no longer available for investment or if, in our judgment, further investment in any portfolio should become inappropriate, we may redeem the shares of that portfolio and substitute shares of another portfolio. We will not substitute any shares without notice and prior approval of the SEC and state insurance authorities, to the extent required by the 1940 Act or other applicable law. We also reserve the right in our sole discretion to establish additional subaccounts, eliminate or combine one or more subaccounts, combine the variable account with one or more other separate accounts, or operate the variable account as a different kind of investment company. Subject to obtaining any approvals or consents required by law, the assets of one or more subaccounts may also be transferred to any other subaccount if, in our sole discretion, conditions warrant. In addition, we reserve the right to modify the provisions of the Policy to reflect changes to the subaccounts and the variable account and to comply with applicable law.
Resolving Material Conflicts
The portfolios currently sell shares to registered separate accounts of insurance companies other than us to support other variable annuity contracts and variable life insurance contracts. In addition, our other separate accounts and separate accounts of other affiliated life insurance companies may purchase some of the Funds to support other variable annuity or variable life insurance contracts. Moreover, qualified retirement plans may purchase shares of some of the Funds. As a result, there is a possibility that an irreconcilable material conflict may arise between your interests as an Owner and the interests of persons owning other contracts investing in the same Funds. There is also the possibility that a material conflict may arise between the interests of Owners generally, or certain classes of Owners, and participating qualified retirement plans or participants in such retirement plans.
We currently do not foresee any disadvantages to you that would arise from the sale of portfolio shares to support variable life insurance contracts or variable annuity contracts of other companies or to qualified retirement plans. However, the management of each fund will monitor events related to its fund in order to identify any material irreconcilable conflicts that might possibly arise as a result of such fund offering its shares to support both variable life insurance contracts and variable annuity contracts, or support the variable life insurance contracts and/or variable annuity contracts issued by various affiliated and unaffiliated insurance companies. In addition, the management of the portfolios will monitor the portfolios in order to identify any material irreconcilable conflicts that might possibly arise as a result of the sale of its shares to qualified retirement plans, if applicable.
In the event of such a conflict, the management of the appropriate fund would determine what action, if any, should be taken in response to the conflict. In addition, if we believe that the response of the portfolios to any such conflict does not sufficiently protect you, then we will take our own appropriate action, including withdrawing the variable account’s investment in such portfolios, as appropriate.
 
Additional Information
Changing Death Benefit Options
After the first policy year, you may change the death benefit option or the amount of principal sum, subject to the following:

 •
You must send us a signed request for a change.

•
We may require evidence of insurability.

•
You may make no more than one change per policy year.

•
The change will take effect on the monthly due date following our approval of the request.

•
We will send you a policy endorsement with the change to attach to your policy.

•
Changing the death benefit option may have tax consequences. You should consult a tax adviser before changing the death benefit option.
From Option A (variable death benefit) to Option B (level death benefit)

 •
Evidence of insurability is not required.

•
The principal sum will change. The new Option B principal sum will equal the Option A principal sum plus the contract value.

•
The minimum premium will increase.
From Option B (level death benefit) to Option A (variable death benefit)

 •
The Insured must provide evidence of insurability satisfactory to us.

•
The principal sum will change. The new Option A principal sum will equal the Option B principal sum less the contract value immediately before the change, but in no case will the new principal sum be less than the minimum principal sum amount shown on the Policy Specifications page. No surrender charge will be imposed solely as a result of this change in principal sum.

•
The minimum premium will decrease as a result of any decrease in the principal sum.

•
After either change, the total surrender charge for the policy will continue to be based on the principal sum at the time of issue on which surrender charges have not already been imposed.
Settlement Privileges
There are several ways of receiving proceeds under the death benefit and surrender provisions of the Policy, other than in a lump sum. Below is information concerning settlement options described in your Policy. None of these options vary with the investment performance of the variable account.
Settlement Options. The proceeds of the Policy may be paid in one sum. The proceeds may also be paid under any reasonable settlement that may be arranged with our consent. When the proceeds from a death claim are payable as one sum, the beneficiary may select a reasonable settlement. When you select a select a settlement, the beneficiary may not assign or receive payments before they are due unless expressly given this right by you. A payee may name a contingent payee to receive any final amount that would otherwise be paid to the payee’s estate. Any settlement requires the proceeds to be at least $2,500 and any periodic payment to be at least $25. The first installment will be due, or interest will begin on the date of death, maturity, or surrender. We may make other settlement options available in the future.
Once we begin making payments under a settlement option, you or the Beneficiary will no longer have any value in the Subaccounts or the Fixed Account. Instead, the only entitlement will be the amount of the regular payment for the period selected under the terms of the settlement option chosen.
Under any settlement option, the dollar amount of each payment will depend on three things:

 •
the amount of the surrender or Death Benefit Proceeds on the surrender date, maturity date or Insured’s date of death;

•
the interest rate we credit on those amounts (we guarantee a minimum interest rate); and

•
the specific option(s) you choose. The amount you would receive may depend on your adjusted age and sex.
Option 1 –
Interest Accumulation:
• Proceeds will earn interest at the rate of 2.5 percent per year compounded annually.
 
• We may retain these funds under this option for not longer than five years. If the beneficiary is a minor we may retain these funds until the beneficiary attains the age of majority.
 
 
Option 2 –
Interest Income:
• Each $1,000 of proceeds will yield an income of not less than $25.00 annually, $12.42 semi- annually, $6.19 quarterly, or $2.05 monthly.
 
• Unless you direct otherwise, the payee may withdraw the proceeds at any time. After the first year, we may defer such withdrawal for up to six months.
 
 
Option 3 –
Income—Period Certain:
• We will pay installments for a specified period. The amount of each installment will not be less than those shown in the table below.
 
• If the payee dies prior to the end of the specified period, the installments remaining to the end of the period will be paid to the contingent payee.
 
 
Option 4 –
Income—Amount Certain:
• We will pay installments of a specified amount until the proceeds, together with 2.5 percent interest compounded annually, are paid in full.
 
 
Option 5 –
Income—Life:
• We will pay installments for the lifetime of the payee but for not less than a guaranteed period. If the payee dies prior to the end of the guaranteed period, the installments remaining will be paid to the contingent payee.
 
• The amount of each installment will depend upon the adjusted age and sex of the payee at the time the first payment is due.
 
• The adjusted age is determined by calculating the age at the nearest birthday of the payee on the date of the first payment and subtracting a number that depends on the year in which the first payment begins:
 
First Payment Date
 
 
Adjusted Age is Age Minus
 
2001 to 2010 
1 Year 
2011 to 2020 
2 Years 
2021 to 2030 
3 Years 
2031 to 2040 
4 Years 
After 2040 
5 Years 
Tax Consequences. Even if the death benefit under the Policy is excludible from income, payments under settlement options may not be excludible in full. This is because earnings on the death benefit after the Insured’s death are taxable and payments under the settlement options generally include such earnings. You should consult a tax adviser as to the tax treatment of payments under settlement options.
Dollar Cost Averaging
Under the Dollar Cost Averaging program, you may authorize us to transfer a fixed dollar amount at monthly intervals from the Fixed Account to one or more subaccounts. You may designate up to eight subaccounts to receive the transfers. The fixed dollar amount will purchase more Accumulation Units of a subaccount when their value is lower and fewer units when their value is higher. Over time, the cost per unit averages out to be less than if all purchases of units had been made at the highest value and greater than if all purchases had been made at the lowest value. The dollar cost averaging method of investment reduces the risk of making purchases only when the price of Accumulation Units is high. It does not assure a profit or protect against a loss in declining markets.
You may cancel your participation in the program at any time.
You may enroll in the Dollar Cost Averaging program at any time by submitting a request to the Service Center. We make transfers on the same day of every month as your issue date. Transfers under the Dollar Cost Averaging program are not included when we determine the number of free transfers permitted each year. We must receive the form at least 5 Business Days before the transfer date, for your transfers to begin on that date. When you enroll in the Dollar Cost Averaging program, your total Contract Value in the Fixed Account must be at least equal to the amount you designate to be transferred on each transfer date. Transfers from the Fixed Account must be at least $100. If on any transfer date the amount remaining in the Fixed Account is less than the amount designated to be transferred, the entire balance will be transferred out of the Fixed Account and applied pro-rata to the selected subaccounts, and the dollar cost averaging request will expire.
 
We may modify or revoke the Dollar Cost Averaging program at any time. There is no charge for participating in the Dollar Cost Averaging program. We do not assess transfer fees on dollar cost averaging transfers. The Dollar Cost Averaging program is not available if you elect to enroll in the Automatic Asset Rebalancing program discussed below.
Automatic Asset Rebalancing Program
If you select the Automatic Asset Rebalancing program (“AAR”), you can instruct us to automatically rebalance your money in the subaccounts each quarter to reflect your most recent instructions for allocating premiums. (The AAR may not be used to transfer amounts into and out of the Fixed Account.) Investment performance will likely cause any allocation percentages you selected to shift. With AAR, we will automatically make transfers among the subaccounts on the first day of each calendar quarter to bring your Policy back in line with the percentages you most recently provided to us.
For instance, assume you instructed us to put your Initial Premium into 5 subaccounts in equal proportions (20% in each) and you selected AAR on your application. Over the next few months, investment performance caused the percentage of your Contract Value in the 5 subaccounts to change so that the 5 subaccounts were 10%, 30%, 10%, 30% and 20% of your Contract Value. On the first day of the calendar quarter, we will transfer your money among the subaccounts so that 20% of your Contract Value is again in each of the 5 subaccounts.
If you select an asset allocation model on your application and you select AAR, then on the first day of each calendar quarter, we will automatically transfer money among the subaccounts to match the percentages in the original asset allocation model you select. Unless you instruct us to update the asset allocation model, AAR will rebalance your money in the subaccounts to the original model that was in place on the issue date (or to the model in place on the date you most recently told us to update the model).
Transfers under this program are not subject to the $100 minimum transfer limitation. There is no charge for using AAR and we do not charge a transfer fee for asset rebalancing. We do not include any money allocated to the Fixed Account in the rebalancing.
You can start and stop AAR at any time, and you can change your instructions at any time by submitting a request to the Service Center. Your AAR instructions are effective on the Business Day we receive them at the Service Center. We do not assess transfer fees on AAR transfers, nor do we count them toward the twelve free transfers permitted each Policy year.
We may suspend or modify AAR at any time. The AAR program is not available if you elect to enroll in the Dollar Cost Averaging program discussed above.
Accumulation Unit Value
The value of an Accumulation Unit for each of the Subaccounts was arbitrarily set at an initial value. The value at the end of any later Valuation Day is equal to:
A × B
“A” is equal to the Subaccount’s Accumulation Unit Value for the end of the immediately preceding Valuation Day.
“B” is equal to the Net Investment Factor at the end of the current Valuation Day. This Net Investment Factor equals:
(X / Y) – Z
“X” equals:

 1.
the net asset value per fund portfolio share held in the Subaccount at the end of the current Valuation Day; plus

2.
the per share amount of any dividend or capital gain distribution on the same fund portfolio shares held in the Subaccount during the current Valuation Day; less

3.
the per share amount of any capital loss distribution on the same fund portfolio shares held in the Subaccount during the current Valuation Day; less

4.
the per share amount of any taxes or any amount set aside during the Valuation Day as a reserve for taxes due to the investment results of the Subaccount;
“Y” equals the net asset value per fund portfolio share held in the Subaccount as of the end of the preceding Valuation Day.
“Z” equals the Mortality and Expense Risk Charge factor. The mortality and expense risk charges are deducted from each of the Subaccounts on each valuation day. This charge is shown on the Policy Specifications page.
The Net Investment Factor may be greater than, less than, or equal to one. Therefore, the value of the Subaccount may increase, decrease or remain the same.
Third Party Administration Agreement
We have entered into a Master Administration Agreement (the “Agreement”) with Infosys McCamish Systems, L.L.C. (“McCamish”), a limited liability company organized and existing under the laws of Georgia. McCamish has its principal business address at 3225 Cumberland Blvd SE, Suite 700, Atlanta, Georgia 30339 (the “Service Center”). Under the Agreement, McCamish provides, at the Service Center and at its Contact Center located at 500 SW 7th Street, Suite201, Des Moines, IA 50309, significant administrative services for the Contract and the Variable Account, including the processing of all premium payments, requests for transfers, partial withdrawals, and surrenders, and the calculation of accumulation unit values for each Contract and the variable account.
Distribution of the Policies
We discontinued offering new Policies in 2008. We will continue to accept premium and to process transactions for existing Policies.
Farmers Financial Solutions, LLC (“FFS”) serves as the principal underwriter for the Policies. FFS is a Nevada limited liability company and its home office is located at 31051 Agoura Road Westlake Village, California 91361. FFS is registered as a broker- dealer with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as well as with the securities commissions in the states in which it operates. FFS is a member of the Financial Industry Regulatory Authority (“FINRA”), and of the Securities Investor Protection Corporation. The Policies were sold through FFS’ sales representatives who are appointed as our insurance agents.
We pay commissions to FFS for previous sales of the Policies by its sales representatives. We also pay commissions to FFS for sales of other variable life insurance policies supported by the variable account. FFS received sales commissions with respect to variable life insurance policies supported by the variable account, including the other policies, in the following amounts during the periods indicated:
 
Fiscal year
 
 
Aggregate Amount of
Commissions Paid to FFS*
 
Aggregate Amount of
Commissions
Retained by FFS as
Principal Underwriter
 
 
 
 
2023 
$ 7,746,303 
0 
2024 
$ 5,634,276
0
2025 
$4,585,665
0
 


 *
Includes sales commissions paid to FFS for all variable life insurance policies issued by Farmers, including the other policies.
FFS passes through commissions it receives as principal underwriter and does not retain any portion of it in return for its services as principal underwriter for the Policies. As a selling firm for the other variable life insurance policies supported by the variable account, FFS retained approximately $2,938,134 in commissions for all variable life insurance policies supported by the variable account in 2025.
We pay for certain of FFS’ operating and other expenses, including overhead, legal, and accounting fees. We may also pay for certain sales expenses of FFS: sales representative training materials; marketing materials and advertising expenses; and certain other expenses of distributing the Policies. In addition, we contribute indirectly to the deferred compensation for FFS’ sales representatives and managers. FFS’ sales representatives and their managers also may be eligible for various cash benefits under certain circumstances. Such cash benefits may include incentive bonuses for the sale of non-variable insurance products we issue as well as certain insurance benefits and financing arrangements, and non-cash compensation items that we and our affiliates may provide jointly with FFS. During 2025, we paid FFS sales representatives and district managers $0.00 in bonus compensation for their sales of all of our variable life insurance policies supported by the variable account.
We may pay FFS additional cash amounts for: (1) exclusively offering the Policies; (2) costs associated with sales conferences and educational seminars for FFS’ sales representatives; and (3) other sales expenses incurred by them. We may under certain circumstances provide cash benefits to FFS based on aggregate sales or persistency standards.
 
Reports to Owners
At least once each year, or more often as required by law, we will mail to Owners at their last known address a report showing at least the following information as of the end of the report period:
 
• the current principal sum
• premiums paid, monthly deductions and loans since the last report
• the amount of death benefit
• notifications required under the provisions of the policy
• the Contract Value
• the amount of any policy loan outstanding
• the Surrender Value
 
• Any other information required by the state where the policy was delivered.
 
Upon request, we will send a report at other than the regularly scheduled interval. We will charge a fee for this requested report. The fee is shown on the Policy Specifications page.
Records
We and our agent, McCamish, maintain all records relating to the variable account and the Fixed Account.
Legal Matters
All matters of state and federal law pertaining to the Policy have been passed upon by Corporate Counsel.

Experts
The financial statements of Farmers New World Life Insurance Company at December 31, 2025 and2024, and for each of the three years in the period ended December 31, 2025, appearing in this Prospectus and Registration Statement have been audited by Ernst & Young LLP, independent auditors , as set forth in their report thereon appearing elsewhere herein, and are included in reliance upon such report given on the authority of such firm as experts in accounting and auditing.
The financial statements of the subaccounts of Farmers Variable Life Separate Account A at December 31, 2025, and for each of the two years in the period ended December 31, 2025, appearing in this Prospectus and Registration Statement have been audited by Ernst & Young LLP, independent registered public accounting firm, as set forth in their report thereon appearing elsewhere herein, and are included in reliance upon such report given on the authority of such firm as experts in accounting and auditing.
Other Information
We have filed a registration statement with the SEC under the Securities Act of 1933, as amended, with respect to the Policies discussed in this Statement of Additional Information. The Statement of Additional Information does not include all of the information set forth in the registration statement, amendments and exhibits. Statements contained in this Statement of Additional Information concerning the content of the Policies and other legal instruments are intended to be summaries. For a complete statement of the terms of these documents, you should refer to the instruments filed with the SEC.
Financial Statements
The audited statutory financial statements of Farmers New World Life Insurance Company as of December 31, 2025 and 2024 , and the related statutory statements of operations and changes in capital and surplus, and of cash flows for the years ending December 31, 2025, 2024, and 2023, prepared in accordance with accounting practices prescribed or permitted by the Office of the Insurance Commissioner of the State of Washington, which include the Independent Auditor’s Report, are included in the SAI. You should consider the financial statements of Farmers New World Life Insurance Company as bearing only upon our ability to meet our obligations under the Policies.
The audited financial statements of Farmers Variable Life Separate Account A as of December 31, 2025 and for the period ending December 31, 2025, as well as the Report of the Independent Registered Public Accounting Firm, are included in the SAI.
Reinsurance
Strategic partnership for Reinsurance and Administration. We have entered into a strategic partnership with Resolution Life US for the reinsurance and administrative oversight of certain in-force FNWL variable universal life insurance policies and variable annuity contracts effective August 1, 2023. Security Life of Denver Insurance Company (“SLD”), a wholly owned subsidiary of Resolution Life US, will provide servicing and administrative oversight in concert with third party administrator, Infosys McCamish, of certain in-force FNWL variable universal life insurance policies and variable annuities. There are no changes to the provisions of your in-force variable universal life insurance policy.

PART C
OTHER INFORMATION
Item 30.
Exhibits

(a)
Board of Directors Resolutions.
 
 
1)

(b)
Custodian Agreements. Not applicable.

(c)
Underwriting Contracts.
 
 
1)
 
 
 
 
2)
 
 
 
 
3)
 
 
 
 
4)
 
 
 
 
5)
 
 
 
 
6)
 
 
 
 
7)
 
 
 
 
8)

(d)
Contracts.
 
 
1)
 
 
 
 
2)
 
 
 
 
3)
 
 
 
 
4)
 
 
5)
 
 
 
 
6)
 
 
 
 
7)
 
 
 
 
8)
 
 
 
 
9)
 
 
 
 
10)
 
 
 
 
11)

(e)
Applications.
 
     
 
1)
 
 
 
 
2)
 
 
 
 
3)
 
 
 
 
4)
 
 
 
 
5)
 
 
 
 
6)

(f)
Depositor’s Certificate of Incorporation and By-Laws.
 
 
1)
 
 
 
 
2)
 
 
 
 
3)

 
4)
 
 
 
 
5)
 
 
 
 
6)
 
 
 
 
7)
 
 
 
 
8)
 
(g) Reinsurance Contracts.
 
 
 
 
1)
 
 
 
 
2)
 
 
 
 
3)
Commutation and Release Agreement between Farmers New World Life Insurance Company and Zurich Insurance Company, Ltd. dated as of August 1, 2023, redacted for confidentiality filed herewith.
 
 
 
 
4)
Coinsurance and Modified Coinsurance Agreement between Farmers New World Life Insurance Company and Security Life of Denver Insurance Company effective August 1, 2023.
 
(h) Participation Agreements.
 
1)
 
 
 
 
2)
 
 
 
 
3)
 
 
 
 
4)
 
 
 
 
5)
 
 
 
 
6)
 
 
7)
 
 
 
 
8)
 
 
 
 
9)
 
 
 
 
10)
 
 
 
 
11)
 
 
 
 
12)
 
 
 
 
13)
 
 
 
 
14)
 
 
 
 
15)
 
 
 
 
16)
 
 
 
 
17)
 
 
 
 
18)
 
 
 
 
19)
 
 
 
 
20)
 
 
 
 
21)
 
 
 
22)
 
 
 
 
23)
 
 
 
 
24)
 
 
 
 
25)
 
 
 
 
26)
 
 
 
 
27)
 
 
 
 
28)
 
 
 
 
29)
 
 
 
 
30)
 
 
 
 
31)
 
 
 
 
32)
 
 
 
 
33)
 
34)
 
 
 
 
35)
 
 
 
 
36)
 
 
 
 
37)
 
 
 
 
38)
 
 
 
 
39)
 
 
 
 
40)
 
 
 
 
41)
 
 
 
 
42)
 
 
 
 
43)
 
 
 
 
44)
 
 
 
 
45)
  
46)
 
 
 
 
47)
 
 
 
 
48)
 
 
 
 
49)
 
 
 
 
50)

(i)
Administrative Contracts.
 
 
1)
 
 
 
 
2)
 
 
 
 
3)

(j)
Other Material Contracts,
 
 
1)
Power of Attorney, Filed herewith.

(k)
Legal Opinion.
 
 
1)
Opinion of Ian Macleod, Attorney-in-Fact, Filed herewith.

(l)

(m)

(n)
Other Opinions.
 
 
1)
Consent of Independent Registered Public Accounting Firm, Filed herewith.

(o)
Omitted Financial Statements. Not applicable.

(p)
Initial Capital Agreements. Not applicable.
 
(q)
Redeemability Exemption.
 
 
1)
 
 
 
 
2)
 
 
 
 
3)
 
 
 
 
4)
 
 
 
 
5)
 
 
 
 
6)
 
 
 
 
7)
 
 
 
 
8)


Item 31.
Directors and Officers of the Depositor
 
Name and Principal Business Address
 
Positions and Offices with Depositor
 
Annette Thompson3
Director
Scott Stoll7
Director
David Travers5
Director
Warren Tucker6
John Griek1
Director
Director and Assistant Treasurer
David Hernandez2
Director, Chairman of the Board and Interim President
Clay Callahan2
Chief Financial Officer
Michael Rohwetter4
Chief Investment Officer
Paula Gospel2
Chief Risk Officer


Keith A. Terry2
Appointed Actuary, Interim Illustration Actuary and Chief Actuary
Nick Shappie2
Controller
Michael Hoetzel2
Chief Claims Officer
Robert Gibson2
38a-1 Chief Compliance Officer
Dan Krause2
Interim Chief Underwriting Officer
Tina de Jong2
Managing Corporate Counsel and Corporate Secretary
Jim Taylor1
Chief Compliance Officer
Michael Langford1
Assistant Treasurer
Asya Alexandrovich1
Assistant Secretary
Nicole J. Pryor1
Assistant Secretary
Matthew Bowman2
John Odendahl1
Jessica Brostek-Maciel1
Assistant Secretary
Assistant Secretary
Assistant Secretary
 
   

1
The principal business address is 6301 Owensmouth Ave., Woodland Hills, CA 91367.

2
The principal business address is12822 SE 32nd Street, Suite 2, Bellevue, WA 98005.

3
The principal business address is 735 Avenida Alcola, Arroyo Grande, CA 93420.

4
The principal business address is 4 World Trade Center, 150 Greenwich St., New York, NY 10007.

5
The principal business address is 15700 Long Vista Dr., Austin, TX 78728.

6
The principal business address is 9618 SW Quartermaster Dr., Vashon, WA 98070.

7
The principal business address is 6900 Chileno Valley Road, Petaluma, CA 94952.

Item 32.
Persons Controlled by or Under Common Control with the Insurance Company or Registrant Organizations Affiliated with Zurich U.S. Insurance Group
 
Company
 
 
Domicile
 
Ownership
 
%
 
    




































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































3PZ Holdings, LLC
DE
ZSF/Dallas Tower LLC
63.77000
  
Access Franchise Management Limited
GBR
Zurich Assurance Ltd
100.00000
  
ACN 000 141 051 Ltd.
AUS
Zurich Financial Services Australia Limited
100.00000
  
Afterland Limited
GBR
Zurich Assurance Ltd
100.00000
  
AG Haus der Wirtschaft
CHE
Zurich Versicherungs-Gesellschaft AG
8.16327
  
AIG Travel Asia Pacific Pte. Ltd.
SGP
Zurich Cover-More Global Travel, Inc.
100.00000
  
AIG Travel Assist Consulting (Shanghai) Co., Ltd.
CHN
Zurich Cover-More Global Travel, Inc.
100.00000
  
AIG Travel Assist Malaysia Sdn. Bhd.
MYS
Zurich Cover-More Global Travel, Inc.
100.00000
  
Allied Dunbar Assurance plc
GBR
Zurich Financial Services (UKISA) Nominees Limited
100.00000
  
Allied Dunbar Financial Services Limited
GBR
Allied Dunbar Assurance plc
100.00000
  
Allied Dunbar Provident plc
GBR
Allied Dunbar Assurance plc
100.00000
  
Allied Zurich Holdings Limited
JEY
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Allied Zurich Limited
GBR
Zurich Insurance Group Ltd.
100.00000
  
American Guarantee and Liability Insurance Company
NY
Zurich American Insurance Company
100.00000
  
American Zurich Insurance Company
IL
Steadfast Insurance Company
100.00000
  
Applyhere Pty Ltd
AUS
Davidson Trahaire Holding Pty Ltd
100.00000
  
Ashdale Land and Property Company Limited
GBR
Zurich Insurance plc
100.00000
  
Asistbras S/A Assistência ao Viajante
BRA
Travel Ace Internacional de Servicios S.A.
65.00000
  
Assistancee Online Pte. Ltd
SGP
Customer Care Assistance Pty Ltd
100.00000
  
ASTIS Holdings Limited
AUS
Cover-More Finance Pty Limited
100.00000
  
Aust Office 1, LLC
DE
Zurich American Insurance Company
100.00000
  
autoSense AG
CHE
Zürich Versicherungs-Gesellschaft AG
   33.33000
  
Ballykilliane Holdings Limited
IRL
Zurich Insurance plc
100.00000
  
Bansabadell Pensiones, E.G.F.P, S.A.
ESP
Zurich Vida, Companía de Seguros y Reaseguros, S.A. - Socied
50.00000
  
Bansabadell Seguros Generales, S.A. de Seguros y Reaseguros
ESP
Zurich Versicherungs-Gesellschaft AG
50.00000
  
Bansabadell Servicios Auxiliares De Seguros, S.L.
ESP
Bansabadell Seguros Generales, S.A. de Seguros y Reaseguros
100.00000
  
Bansabadell Vida S.A. de Seguros y Reaseguros
ESP
Zurich Vida, Companía de Seguros y Reaseguros, S.A. - Socied
50.00000
  
Benefit Finance Partners, L.L.C.
DE
Zurich Benefit Finance LLC
50.00000
  
BFP Securities LLC
DE
Benefit Finance Partners, L.L.C.
100.00000
  
Bloomington Office LP
DE
Zurich Structured Finance, Inc.
99.00000
  
Bloomington Office MGP Manager, Inc
DE
Zurich Structured Finance, Inc.
100.00000
  
Bloomington Office MGP, LLC
DE
Bloomington Office MGP Manager, Inc
1.00000
  
Bloomington Office MGP, LLC
DE
Zurich Structured Finance, Inc.
99.00000
  
Blue Insurance Australia Pty Ltd
AUS
Blue Insurance Limited
100.00000
  
Blue Insurance Limited
IRL
Cover-More Australia Pty Ltd
97.61000
  
Blue Marble Micro Limited
GBR
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Blue Marble Microinsurance, Inc.
DE
Blue Marble Micro Limited
100.00000
  
Bonus Pensionskassen Aktiengesellschaft
AUT
Zurich Versicherungs-Aktiengesellschaft
87.50000
  
BONUS Vorsorgekasse AG
AUT
Zurich Versicherungs-Aktiengesellschaft
50.00000
  
BOS Apt 1, LLC
DE
Zurich American Insurance Company
100.00000
  
BOS Apt 2, LLC
DE
Zurich American Insurance Company
100.00000
  
BOS Office 3, LLC
DE
Farmers New World Life Insurance Company
100.00000
  
BOS Office 4, LLC
DE
Zurich American Insurance Company
100.00000
  
BOS Office 5, LLC
DE
American Zurich Insurance Company
100.00000
  
BOS Retail 1, LLC
DE
Zurich American Insurance Company
100.00000
  
Boxx Cyber Services Middle East Ltd
ARE
Boxx Insurance Inc.
100.00000
  
Boxx Insurance Inc.
CAN
Zürich Versicherungs-Gesellschaft AG
33.33333
  
Boxx Insurance LLC
FL
Boxx Insurance Inc.
100.00000
  
Boxx Services PTE Limited
SGP
Boxx Insurance Inc.
100.00000
  
Boxx Solutions LLC
FL
Boxx Insurance LLC
100.00000
  
Bristlecourt Limited
GBR
Zurich Assurance Ltd
100.00000
  
brokerbusiness.ch AG
CHE
Zürich Versicherungs-Gesellschaft AG
25.00000
  
Cayley Aviation Ltd.
BMU
Zurich Insurance Company Ltd, Bermuda Branch
100.00000
  
Celta Assistance SL
ESP
Universal Assistance S.A.
100.00000
  
Centre Group Holdings (U.S.) Limited
DE
Zurich Structured Finance, Inc.
100.00000
  
Centre Insurance Company
DE
Centre Solutions (U.S.) Limited
100.00000
  
Centre Life Insurance Company
MA
Centre Solutions (U.S.) Limited
100.00000
  
Centre Reinsurance (U.S.) Limited
BMU
Centre Group Holdings (U.S.) Limited
100.00000
  
Centre Solutions (Bermuda) Limited
BMU
Zurich Finance Company Ltd
100.00000
  
Centre Solutions (U.S.) Limited
BMU
Centre Group Holdings (U.S.) Limited
100.00000
  
Charlotte Industrial 3, LLC
DE
Farmers New World Life Insurance Company
100.00000
  
Charlotte Office 1, LLC
DE
Zurich American Insurance Company
100.00000
  
CHI APT 1, LLC
DE
Zurich American Insurance Company
100.00000
  
CHI IND 6, LLC
DE
Farmers New World Life Insurance Company
100.00000
  
Chilena Consolidada Seguros de Vida S.A.
CHL
Inversiones Suizo Chilena S.A.
98.97703
  
Chilena Consolidada Seguros Generales S.A.
CHL
Chilena Consolidada Seguros de Vida S.A.
7.40525
  
Chilena Consolidada Seguros Generales S.A.
CHL
Inversiones Suizo Chilena S.A.
82.73165
  
Cofitem-Cofimur
FRA
Zurich Versicherungs-Gesellschaft AG
12.40521
  
Collective Benefits Ltd
GBR
Travel Guard Assist, Inc.
100.00000
  
Collective Denmark ApS
DNK
AIG Travel Asia Pacific Pte. Ltd.
100.00000
  
Collective Europe Holdings B.V.
NLD
Travel Guard Assist, Inc.
100.00000
  
Collective Netherlands B.V.
NLD
AIG Travel Asia Pacific Pte. Ltd.
100.00000
  
Collective Society Ltd
GBR
Travel Guard Assist, Inc.
100.00000
  
Colonial American Casualty and Surety Company
IL
Fidelity and Deposit Company of Maryland
100.00000
  
Concisa Vorsorgeberatung und Management AG
AUT
Bonus Pensionskassen Aktiengesellschaft
100.00000
  
Cover-More (NZ) Limited
NZL
Cover-More Australia Pty Ltd
100.00000
  
Cover-More Asia Pte. Ltd
SGP
Travel Assist Pty Limited
100.00000
  
Cover-More Australia Pty Ltd
AUS
Cover-More Holdings Pty Ltd
100.00000
  
Cover-More Finance Pty Limited
AUS
Cover-More Group Limited
100.00000
  
Cover-More Group Limited
AUS
Zurich Travel Solutions Pty Limited
100.00000
  
Cover-More Holdings Pty Ltd
AUS
Travel Assist Pty Limited
100.00000
  
Cover-More Holdings USA Inc.
DE
Travel Assist Pty Limited
100.00000
  
Cover-More Inc.
DE
Cover-More Holdings USA Inc.
100.00000
  
Cover-More Insurance Services Limited
GBR
Cover-More Australia Pty Ltd
100.00000
  
Cover-More Insurance Services Pty Ltd
AUS
Travel Assist Pty Limited
100.00000
  
Cowbell Cyber India Private Limited
IND
Cowbell Cyber, Inc.
100.00000
  
Cowbell Cyber Limited
GBR
Cowbell Cyber, Inc.
100.00000
  
Cowbell Cyber Technologies ULC
CAN
Cowbell Cyber, Inc.
100.00000
  
Cowbell Insurance Agency Inc.
CAN
Cowbell Cyber, Inc.
100.00000
  
Cowbell Insurance Agency, LLC
CA
Cowbell Cyber, Inc.
100.00000
  
Cowbell Managing General Agency Limited
GBR
Cowbell Cyber, Inc.
100.00000
  
Cowbell Reinsurance Company
VT
Cowbell Cyber, Inc.
100.00000
  
Cowbell Specialty Insurance Company
NE
Cowbell Cyber, Inc.
100.00000
  
Cowbell, Inc.
DE
Cowbell Cyber, Inc.
100.00000
  
CREC (Bloomington) Lender, LLC
DE
Zurich Structured Finance, Inc.
0.00000
  
CREC (Dallas) Lender, LLC
DE
Zurich Structured Finance, Inc.
100.00000
  
CREC (Florence), LLC
DE
ZSF/KY Annex LLC
50.00000
  
CREC (Florence), LLC
DE
ZSF/Office KY, LLC
50.00000
  
CREC (Las Vegas), LLC
DE
Zurich Structured Finance, Inc.
100.00000
  
CREC (Sioux Falls) Owner, LLC
DE
Zurich Structured Finance, Inc.
100.00000
  
CREC (Sioux Falls), LLC
DE
Zurich Structured Finance, Inc.
100.00000
  
Customer Care Assistance Pty Ltd
AUS
Customer Care Holdings Pty Ltd
100.00000
  
Customer Care Holdings Pty Ltd
AUS
Travel Assist Pty Limited
100.00000
  
Customer Care Pty Ltd
AUS
Customer Care Holdings Pty Ltd
100.00000
  
Cyberboxx Cyber Services India Private Limited
IND
Boxx Insurance Inc.
100.00000
  
DA Deutsche Allgemeine Versicherung Aktiengesellschaft
DEU
Zürich Beteiligungs-Aktiengesellschaft (Deutschland)
100.00000
  
Dallas Office MGP Manager, Inc.
DE
Zurich Structured Finance, Inc.
100.00000
  
Dallas Office MGP, LLC
DE
Dallas Office MGP Manager, Inc.
1.00000
  
Dallas Office MGP, LLC
DE
Zurich Structured Finance, Inc.
99.00000
  
Dallas Tower LP
DE
Zurich Structured Finance, Inc.
99.00000
  
Davidson Trahaire Corpsych (Singapore) Pte. Limited
SGP
DTC Bidco Pty Ltd
100.00000
  
Davidson Trahaire Corpsych Pty Ltd
AUS
Applyhere Pty Ltd
35.00000
  
Davidson Trahaire Corpsych Pty Ltd
AUS
Davidson Trahaire Holding Pty Ltd
65.00000
  
Davidson Trahaire Holding Pty Ltd
AUS
DTC Australia Pty Ltd
100.00000
  
DB Vita S.A.
LUX
Deutscher Herold Aktiengesellschaft
25.00000
  
DEN Industrial 2, LLC
DE
Zurich American Insurance Company
100.00000
  
DEN Office 1, LLC
DE
American Zurich Insurance Company
50.00000
  
Dentolo Deutschland GmbH
DEU
Zürich Beteiligungs-Aktiengesellschaft (Deutschland)
100.00000
  
Deutsche Zurich Pensiones, Entidad Gestora de Fondos de Pens
ESP
Zurich Vida, Companía de Seguros y Reaseguros, S.A. - Socied
50.00000
  
Deutscher Herold Aktiengesellschaft
DEU
Zurich Beteiligungs-Aktiengesellschaft (Deutschland)
79.82639
  
Deutscher Pensionsfonds Aktiengesellschaft
DEU
Deutscher Herold Aktiengesellschaft
74.90000
  
Deutsches Institut fur Altersvorsorge GmbH
DEU
Deutscher Herold Aktiengesellschaft
22.00000
  
DIG GmbH
DEU
Digital Insurance Group B.V.
100.00000
  
DTC Australia Pty Ltd
AUS
DTC Bidco Pty Ltd
100.00000
  
DTC Bidco Pty Ltd
AUS
DTC Holdco Pty Ltd
100.00000
  
DTC Holdco Pty Ltd
AUS
ASTIS Holdings Limited
100.00000
  
DTC NZ Bidco Limited
NZL
DTC Bidco Pty Ltd
100.00000
  
Dunbar Assets Ireland
IRL
ZCM Asset Holding Company (Bermuda) Limited
0.00000
  
Dunbar Assets Ireland
IRL
Zurich Finance Company Ltd
0.03664
  
Dusfal S.A.
URY
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Eagle Star (Leasing) Limited
GBR
Zurich Assurance Ltd
100.00000
  
Eagle Star European Life Assurance Company Limited
IRL
Zurich Life Assurance plc
100.00000
  
Eagle Star Group Services Limited
GBR
Eagle Star Holdings Limited
100.00000
  
Eagle Star Holding Company of Ireland
IRL
Zurich Assurance Ltd
0.00100
  
Eagle Star Holding Company of Ireland
IRL
Zurich Assurance Ltd
99.99900
  
Eagle Star Holdings Limited
GBR
Zurich Financial Services (UKISA) Limited
100.00000
  
EcoHub AG
CHE
Zürich Versicherungs-Gesellschaft AG
6.16371
  
Edilspettacolo SRL
ITA
Zurich Insurance Company Ltd - Rappresentanza Generale per l
35.71233
  
Empire Fire and Marine Insurance Company
IL
Zurich American Insurance Company
100.00000
  
Empire Indemnity Insurance Company
OK
Zurich American Insurance Company
100.00000
  
Employee Services Limited
GBR
Allied Dunbar Financial Services Limited
100.00000
  
Endsleigh Financial Services Limited
GBR
Zurich Holdings (UK) Limited
100.00000
  
Endsleigh Pension Trustee Limited
GBR
Zurich Holdings (UK) Limited
100.00000
  
Euclid KY Annex, LP
DE
Zurich Structured Finance, Inc.
99.00000
  
Euclid Office LP
DE
Zurich Structured Finance, Inc.
99.00000
  
Euroamérica Administradora General de Fondos S.A
CHL
Chilena Consolidada Seguros de Vida S.A.
100.00000
  
Extremus Versicherung-Aktiengesellschaft
DEU
Zurich Insurance plc Niederlassung fur Deutschland
5.00000
  
Farmers Family Fund
CA
Farmers Group, Inc.
100.00000
  
Farmers General Insurance Agency, Inc.
RI
FIG Leasing Co, Inc.
100.00000
  
Farmers Group, Inc.
NV
Zurich Insurance Group Ltd.
12.10000
  
Farmers Group, Inc.
NV
Zurich Versicherungs-Gesellschaft AG
87.90000
  
Farmers Life Insurance Company of New York
NY
Farmers New World Life Insurance Company
100.00000
  
Farmers New World Life Insurance Company
WA
Farmers Group, Inc.
100.00000
  
Farmers Reinsurance Company
CA
Farmers Group, Inc.
100.00000
  
Farmers Services Corporation
NV
Farmers Group, Inc.
100.00000
  
Farmers Underwriters Association
CA
Farmers Group, Inc.
100.00000
  
Fidelity and Deposit Company of Maryland
IL
Zurich American Insurance Company
100.00000
  
FIG Holding Company
CA
Farmers Group, Inc.
100.00000
  
FIG Leasing Co., Inc.
CA
Farmers Group, Inc.
100.00000
  
Fire Underwriters Association
CA
Farmers Group, Inc.
100.00000
  
Fitsense Insurance  Services Pty Ltd
AUS
Travel Assist Pty Limited
100.00000
  
For Care S.p.A.
ITA
Zurich Investments Life S.p.A.
100.00000
  
Futuro de Bolivia S.A. Administradora de Fondos de Pensiones
BOL
Zurich Boliviana Seguros Personales S.A.
8.42193
  
Futuro de Bolivia S.A. Administradora de Fondos de Pensiones
BOL
Zurich South America Invest AB
71.57801
  
FX Insurance Agency Hawaii, LLC
HI
FIG Leasing Co., Inc.
100.00000
  
FX Insurance Agency, LLC
DE
FIG Leasing Co., Inc.
100.00000
  
General Surety & Guarantee Co Limited
GBR
Zurich Insurance Company (U.K.) Limited
100.00000
  
Grovewood Property Holdings Limited
GBR
Eagle Star Holdings Limited
100.00000
  
H4B Humboldthafen Einheitsgesellschaft GmbH&Co.KG
DEU
REX-ZDHL S.C.S. SICAV-SIF
94.90000
  
Halo Holdco Limited
GBR
Cover-More Australia Pty Ltd
100.00000
  
Halo Holdco Limited
GBR
Zürich Versicherungs-Gesellschaft AG
0.00000
  
Halo Insurance Services Limited
GBR
Halo Holdco Limited
100.00000
  
Halo Insurance Services Pty Ltd
AUS
Halo Insurance Services Limited
100.00000
  
Hawkcentral Limited
GBR
Zurich Assurance Ltd
100.00000
  
Healthinsite Proprietary Limited
ZAF
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Healthlogix Pty Ltd
AUS
Insite Holdings Pty Ltd
100.00000
  
Healthlogix Technologia Eireli
BRA
Healthlogix Pty Ltd
100.00000
  
Herengracht Investments B.V
DEU
RE Curve Holding B.V.
100.00000
  
Hestia Arroyomolinos S.L.U.
ESP
REX-SPAIN-ZDHL S.L.
100.00000
  
Hestia Móstoles S.L.U.
ESP
REX-SPAIN-ZDHL S.L.
100.00000
  
HOU IND 1, LLC
DE
Zurich American Insurance Company
100.00000
  
HOU IND 2, LLC
DE
Zurich American Insurance Company
100.00000
  
HOU IND 3, LLC
DE
Zurich American Insurance Company
100.00000
  
Icen Risk B.V.
NLD
Nexit 2018 Limited
100.00000
  
Icen Risk B.V.
ITA
Icen Risk B.V.
100.00000
  
Icen Risk B.V. (Italian Branch)
ITA
Nexit 2018 Limited
100.00000
  
Icen Risk GmbH
AUS
Nexit 2018 Limited
100.00000
  
Icen Risk Limited
GBR
Nexit 2018 Limited
100.00000
  
Independence Center Realty L.P.
DE
Philadelphia Investor, LLC
89.00000
  
INNATE, Inc.
DC
Cover-More Holdings USA Inc.
100.00000
  
Insite Holdings Pty Ltd
AUS
Zürich Versicherungs-Gesellschaft AG
100.00000
  
INTEGRA Versicherungsdienst GmbH
AUT
Zurich Versicherungs-Aktiengesellschaft
100.00000
  
Intelligent Technologies OÜ
EST
Zürich Versicherungs-Gesellschaft AG
100.00000
  
International Travel Assistance S.A.
PAN
Zürich Versicherungs-Gesellschaft AG
55.00000
  
Inversiones Suizo Chilena S.A.
CHL
Inversiones Suizo-Argentina S.A.
0.00100
  
Inversiones Suizo Chilena S.A.
CHL
Zurich Versicherungs-Gesellschaft AG
99.99900
  
Inversiones Suizo-Argentina S.A.
ARG
Zurich Lebensversicherungs-Gesellschaft AG
5.00400
  
Inversiones Suizo-Argentina S.A.
ARG
Zurich Versicherungs-Gesellschaft AG
94.99600
  
Inversiones ZS America Dos Limitada
CHL
Inversiones ZS America SpA
100.00000
  
Inversiones ZS America SpA
CHL
Zurich Santander Insurance America, S.L.
100.00000
  
Inversiones ZS America Tres SpA
CHL
Zurich Santander Insurance America, S.L.
100.00000
  
Irish National Insurance Company p.l.c.
IRL
Zurich Insurance plc
99.99999
  
Karvat Cover-More Assist. Pvt Ltd.
IND
Cover-More Asia Pte. Ltd
100.00000
  
Kennet Road 1 UK Limited
GBR
Zurich Assurance Ltd
100.00000
  
Kennet Road 2 UK Limited
GBR
Zurich Assurance Ltd
100.00000
  
Klare Corredora de Seguros S.A.
CHL
Zurich Insurance Mobile Solutions AG
49.90000
  
Komparu B.V.
NLD
Digital Insurance Group B.V.
100.00000
  
Kono Insurance Limited
HKG
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Kraft Lake Insurance Agency, Inc.
MI
FIG Leasing Co, Inc.
100.00000
  
LA Apt. 1, LLC
DE
Zurich American Insurance Company
100.00000
  
LA Industrial 1, LLC
DE
Zurich American Insurance Company
100.00000
  
LA Industrial 4, LLC
DE
Zurich American Insurance Company
100.00000
  
LA Retail 1 LLC
DE
Zurich American Insurance Company
100.00000
  
Livetravel Inc.
WI
Zurich Cover-More Global Travel, Inc.
100.00000
  
Manon Vision Co., Ltd.
THA
Centre Solutions (Bermuda) Limited
0.00057
  
Manon Vision Co., Ltd.
THA
Zurich Finance Company Ltd
0.00066
  
Manon Vision Co., Ltd.
THA
Zurich Versicherungs-Gesellschaft AG
99.99877
  
Mapfre Yaşam Sigorta A.Ş.
TUR
Zurich Sigorta A.S.
99.77778
  
Meatpacking B.V.
NLD
Rock Inne Vastgoed B.V.
100.00000
  
Medidata AG
CHE
Zurich Versicherungs-Gesellschaft AG
8.85180
  
Miami Industrial 1, LLC
DE
Zurich American Insurance Company
100.00000
  
Miami Office 2, LLC
DE
Zurich American Insurance Company
100.00000
  
Miami Office 3, LLC
DE
Zurich American Insurance Company
100.00000
  
Miami Retail 1, LLC
DE
Zurich American Insurance Company
100.00000
  
Minas Brasil Promotora de Servicos S/A
BRA
Zurich Minas Brasil Seguros S.A,
100.00000
  
MSP APT 1, LLC
DE
Zurich American Insurance Company
100.00000
  
Nashville Apt. 1, LLC
DE
Zurich American Insurance Company
0.00000
  
Nashville Office 1, LLC
DE
Zurich American Insurance Company
100.00000
  
Navigators and General Insurance Company Limited
GBR
Zurich Insurance plc
100.00000
  
Nearheath Limited
GBR
Zurich Assurance Ltd
100.00000
  
Nexit 2018 Limited
GBR
Zürich Versicherungs-Gesellschaft AG
48.97314
  
NY Industrial 1, LLC
DE
Zurich American Insurance Company
100.00000
  
Oak Underwriting plc
GBR
Zurich Holdings (UK) Limited
100.00000
  
OnePath General Insurance Pty Limited
AUS
Zurich Financial Services Australia Limited
100.00000
  
OnePath Life Australia Holdings Pty  Ltd
AUS
Zurich Financial Services Australia Limited
100.00000
  
OnePath Life Limited
AUS
OnePath Life Australia Holdings Pty  Ltd
100.00000
  
Onsi Australia Pty Ltd
AUS
Collective Group Holdings Limited
100.00000
  
Orange Stone Company
IRL
Zurich Finance Company AG
100.00000
  
Orion Rechtsschutz-Versicherung AG
CHE
Zurich Versicherungs-Gesellschaft AG
78.00000
  
Parcelgate Limited
GBR
Zurich Assurance Ltd
100.00000
  
Perils AG
CHE
Zurich Versicherungs-Gesellschaft AG
11.11111
  
Perunsel S.A.
URY
Zürich Versicherungs-Gesellschaft AG
60.00000
  
PFS Pension Fund Services AG
CHE
Zürich Versicherungs-Gesellschaft AG
18.43333
  
Philly Office 1, LLC
DE
Zurich American Insurance Company
100.00000
  
Philly Office Land, LLC
DE
Zurich American Insurance Company
100.00000
  
POR Apt 1, LLC
DE
Zurich American Insurance Company
100.00000
  
POR Apt 2, LLC
DE
Zurich American Insurance Company
100.00000
  
Prime Corporate Psychology Pty Ltd
AUS
DTC Bidco Pty Ltd
100.00000
  
Protektor Lebensversicherungs-AG
DEU
Zurich Deutscher Herold Lebensversicherung Aktiengesellschaf
5.15838
  
PT Asuransi Adira Dinamika Tbk
IDN
Zürich Versicherungs-Gesellschaft AG
98.48794
  
PT Zurich Insurance Indonesia
IDN
Zürich Rückversicherungs-Gesellschaft AG
1.56878
  
PT Zurich Insurance Indonesia
IDN
Zurich Versicherungs-Gesellschaft AG
97.09134
  
PT Zurich Topas Life
IDN
Zurich Versicherungs-Gesellschaft AG
80.00000
  
Qover
BEL
Zürich Versicherungs-Gesellschaft AG
21.26000
  
Raleigh Office 2, LLC
DE
Farmers New World Life Insurance Company
100.00000
  
RE Curve Holding B.V.
DEU
Zurich Deutscher Herold Lebensversicherung Aktiengesellschaf
100.00000
  
Real Garant Espana S.L.
ESP
Real Garant GmbH Garantiesysteme
100.00000
  
Real Garant GmbH Garantiesysteme
DEU
Real Garant Versicherung Aktiengesellschaft
100.00000
  
Real Garant Versicherung Aktiengesellschaft
DEU
Zurich Beteiligungs-Aktiengesellschaft (Deutschland)
100.00000
  
REX Baume S.C.I
FRA
REX Holding France
100.00000
  
REX Holding France
FRA
REX OPPCI Fonds
100.00000
  
REX Holding S.a.r.l.
LUX
REX-ZDHL S.C.S. SICAV-SIF
100.00000
  
REX Mauchamps
FRA
REX Holding France
100.00000
  
REX Vilette
FRA
REX Holding France
0.00000
  
REX-Aurea-ZDHL S.C.S.
LUX
REX-ZDHL GP S.à r.l.
100.00000
  
REX-De Baak B.V.
NLD
REX Holding S.à r.l.
100.00000
  
REX-Germany-ZDHL S.C.S
LUX
REX-ZDHL S.C.S. SICAV-SIF
95.240
  
REX-Humboldthafen Verwaltungs GmbH
DEU
REX-ZDHL S.C.S. SICAV-SIF
100.00000
  
Rex-Spain-ZDHL S.L.
ESP
Zurich Deutscher Herold Lebensversicherung Aktiengesellschaf
100.00000
  
REX-The East S.à.r.l
LUX
REX-ZDHL S.C.S. SICAV-SIF
94.80000
  
REX-ZDHL GP S.a.r.l.
LUX
Zurich Deutscher Herold Lebensversicherung Aktiengesellschaf
100.00000
  
REX-ZDHL S.C.S. SICAV-SIF
LUX
Zurich Deutscher Herold Lebensversicherung Aktiengesellschaf
100.00000
  
Rock Inne Vastgoed B.V.
NLD
REX Holding S.à.r.l.
100.00000
  
Rokin 21 B.V.
NLD
Roxana Vastgoed B.V.
100.00000
  
Rokin 49 B.V.
NLD
Rock Inne Vastgoed B.V.
100.00000
  
Roxana Vastgoed B.V.
NLD
REX Holding S.à.r.l.
100.00000
  
Rural Community Insurance Company
MN
Zurich American Insurance Company
100.00000
  
San Diego Retail 1, LLC
DE
Zurich American Insurance Company
100.00000
  
Santander Rio Seguros S.A.
ARG
Inversiones ZS America SpA
4.00000
  
Santander Rio Seguros S.A.
ARG
Zurich Santander Insurance America, S.L.
96.00000
  
Santander Seguros Sociedad Anónima
URY
Zurich Santander Insurance America, S.L.
100.00000
  
Saudi National Insurance Company
BHR
Zurich Insurance Company Ltd (Bahrain Branch)
5.00000
  
SEA APARTMENT 2, LLC
DE
Zurich American Insurance Company
100.00000
  
Serviaide, S.A. - Sociedad Unipersonal
ESP
AIDE Asistencia Seguros y Reaseguros, S.A. - Sociedad Uniper
100.00000
  
Servizurich S.A. - Sociedad Unipersonal
ESP
Zurich Insurance plc, Sucursal en Espana
100.00000
  
SF Apt 1, LLC
DE
Zurich American Insurance Company
100.00000
  
SpearTip, LLC
IL
Zurich Holding Company of America, Inc.
100.00000
  
Speigelhof Vastgoed B.V.
DEU
RE Curve Holding B.V.
100.00000
  
Springboard Health and Performance Pty Ltd
AUS
DTC Bidco Pty Ltd
100.00000
  
Springworks International AB
SWE
autoSense AG
50.00000
  
Steadfast Insurance Company
IL
Zurich American Insurance Company
100.00000
  
Stratos Limited
NZL
DTC NZ Bidco Limited
100.00000
  
Swiss Insurance Management (Hong Kong) Limited
HKG
Zurich Services (Hong Kong) Limited
0.49505
  
Swiss Insurance Management (Hong Kong) Limited
HKG
Zurich Insurance Holdings (Hong Kong) Limited
99.50495
  
TDG Tele Dienste GmbH
DEU
Zurich Beteiligungs-Aktiengesellschaft (Deutschland)
100.00000
  
Tennyson Insurance Limited
GBR
Zurich Holdings (UK) Limited
100.00000
  
TGG Real Estate Holdings LLC
DE
Zurich Cover-More Global Travel, Inc.
100.00000
  
The Liverpool Reversionary Company Limited
GBR
Zurich Legacy Solutions Services (UK) Limited
100.00000
  
The Zurich Services Corporation
IL
Zurich Holding Company of America, Inc.
100.00000
  
TopReport Schadenbesichtigungs GmbH
AUT
Zurich Versicherungs-Aktiengesellschaft
14.28571
  
Travel Ace Chile S.A.
CHL
Travel Ace Internacional de Servicios S.A.
1.00000
  
Travel Ace Chile S.A.
CHL
Zürich Versicherungs-Gesellschaft AG
99.00000
  
Travel Ace Internacional de Servicios S.A.
URY
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Travel Assist Pty Limited
AUS
ASTIS Holdings Limited
100.00000
  
Travel Guard Americas LLC
WI
Zurich Cover-More Global Travel, Inc.
100.00000
  
Travel Guard Assist, Inc.
DE
Zurich Cover-More Global Travel, Inc.
100.00000
  
Travel Guard EMEA Limited
GBR
Zurich Cover-More Global Travel, Inc.
100.00000
  
Travel Guard Group Canada, Inc.
CAN
Zurich Cover-More Global Travel, Inc.
100.00000
  
Travel Guard Group, Inc.
WI
Zurich Cover-More Global Travel, Inc.
100.00000
  
Travel Insurance Partners Pty Ltd
AUS
Travel Assist Pty Limited
100.00000
  
Travel Insurance Services Canada Inc.
CAN
World Travel Protection Canada Inc.
100.00000
  
Travelex Insurance Services Limited
DE
Cover-More Holdings USA Inc.
100.00000
  
Truck Underwriters Association
CA
Farmers Group, Inc.
100.00000
  
Turegum Immobilien AG
CHE
Zurich Versicherungs-Gesellschaft AG
100.00000
  
UA Assistance S.A. de C.V.
MEX
Travel Ace Internacional de Servicios S.A.
0.00000
  
UA Assistance S.A. de C.V.
MEX
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Universal Assistance S.A.U
ARG
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Universal Assistance Chile S.A.
CHL
Zürich Versicherungs-Gesellschaft AG
99.98503
  
Universal Assistance Chile S.A.
CHL
Travel Ace Internacional de Servicios S.A.
0.01497
  
Universal Assistance S.A.
URY
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Universal Travel Assistance S.A.S.
COL
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Universal Underwriters Insurance Company
IL
Zurich American Insurance Company
100.00000
  
Universal Underwriters of Texas Insurance Company
IL
Universal Underwriters Insurance Company
100.00000
  
Universal Underwriters Service Corporation
MO
Zurich Holding Company of America, Inc.
100.00000
  
Unviversal Assistance Inc.
FL
Universal Assistance S.A.
0.00000
  
Vehicle Dealer Solutions, Inc.
FL
Zurich Holding Company of America, Inc.
100.00000
  
Western Star Insurance Services, Inc.
TX
FIG Leasing Co, Inc.
100.00000
  
Wohnen H3B Humboldthafen GmbH&Co.KG
DEU
REX-ZDHL S.C.S. SICAV-SIF
94.90000
  
World Travel Protection Canada Inc.
CAN
Zurich Canadian Holdings Limited
100.00000
  
Z flex Gesellschaft fur Personaldienstleistungen mbH
DEU
Zurich Beteiligungs-Aktiengesellschaft (Deutschland)
100.00000
  
ZCM (U.S.) Limited
DE
Zurich Finance Company Ltd
100.00000
  
ZCM Asset Holding Company (Bermuda) Limited
BMU
Zurich Finance Company Ltd
100.00000
  
ZGEE14 Limited
GBR
Zurich Legacy Solutions Services (UK) Limited
100.00000
  
ZLS Aseguradora de Colombia S.A
COL
Zürich Lebensversicherungs-Gesellschaft AG
4.43000
  
ZLS Aseguradora de Colombia S.A
COL
Zürich Versicherungs-Gesellschaft AG
95.00000
  
ZNA Services, LLC
DE
Zurich Holding Company of America, Inc.
100.00000
  
ZPC Capital Limited
GBR
Zurich Holdings (UK) Limited
100.00000
  
ZSF / Office KY, LLC
DE
Euclid Office LP
100.00000
  
ZSF / Office NV, LLC
DE
Euclid Office LP
100.00000
  
ZSF KY Annex, LLC
DE
Euclid KY Annex, LP
100.00000
  
ZSF/Bloomington, LLC
DE
Bloomington Office LP
100.00000
  
ZSF/C1 MGP Manager, Inc
DE
Zurich Structured Finance, Inc.
100.00000
  
ZSF/C1 MGP, LLC
DE
ZSF/C1 MGP Manager, Inc
1.00000
  
ZSF/C1 MGP, LLC
DE
Zurich Structured Finance, Inc.
99.00000
  
ZSF/C2 MGP Manager, Inc
DE
Zurich Structured Finance, Inc.
100.00000
  
ZSF/C2 MGP, LLC
DE
ZSF/CF2 MGP Manager, Inc.
1.00000
  
ZSF/C2 MGP, LLC
DE
Zurich Structured Finance, Inc.
99.00000
  
ZSF/Dallas Tower, LLC
DE
Dallas Tower LP
100.00000
  
ZSG Kfz-ZulassungsservicegesmbH
AUT
Zurich Versicherungs-Aktiengesellschaft
33.33333
  
Zurich - Companhia de Seguros Vida S.A.
PRT
Zurich Finanz-Gesellschaft AG
0.00100
  
Zurich - Companhia de Seguros Vida S.A.
PRT
Zurich Investments Life S.p.A.
0.00100
  
Zurich - Companhia de Seguros Vida S.A.
PRT
Zurich Lebensversicherungs-Gesellschaft AG
99.99600
  
Zurich - Companhia de Seguros Vida S.A.
PRT
Zurich Versicherungs-Gesellschaft AG
0.00100
  
Zurich - Companhia de Seguros Vida S.A.
PRT
Zurich Vida, Companía de Seguros y Reaseguros, S.A. - Socied
0.00100
  
Zurich (Scotland) Limited Partnership
GBR
Zurich General Partner (Scotland) Ltd
100.00000
  
Zurich Advice Network Limited
GBR
Allied Dunbar Assurance plc
100.00000
  
Zurich AFIN Mexico, S.A. DE C.V.
MEX
Zurich Compania de Sefuros, S.A.
0.00200
  
Zurich AFIN Mexico, S.A. DE C.V.
MEX
Zurich Versicherungs-Gesellschaft AG
99.99800
  
Zurich Agency Services  Inc.
MA
Zurich Holding Company of America, Inc.
100.00000
  
Zurich Alternative Asset Management, LLC
DE
Zurich Holding Company of America, Inc.
100.00000
  
Zurich America Latina Serviços Brasil Ltda.
BRA
Zurich Lebensversicherungs-Gesellschaft AG
0.01000
  
Zurich America Latina Serviços Brasil Ltda.
BRA
Zurich Versicherungs-Gesellschaft AG
99.99000
  
Zurich American Insurance Company
NY
Zurich Holding Company of America, Inc.
100.00000
  
Zurich American Insurance Company of Illinois
IL
American Zurich Insurance Company
100.00000
  
Zurich American Life Insurance Company
IL
Zurich Holding Company of America, Inc.
100.00000
  
Zurich American Life Insurance Company of New York
NY
Zurich American Life Insurance Company.
100.00000
  
Zurich Argentina Cia. de Seguros S.A.
ARG
Inversiones Suizo-Argentina S.A.
55.46140
  
Zurich Argentina Cia. de Seguros S.A.
ARG
Zurich Versicherungs-Gesellschaft AG
44.53611
  
Zurich Argentina Companía de Seguros de Retiro S.A.
ARG
Zurich Argentina Cia. de Seguros S.A.
46.64193
  
Zurich Argentina Companía de Seguros de Retiro S.A.
ARG
Zurich Versicherungs-Gesellschaft AG
53.35807
  
Zurich Aseguradora Argentina S.A.
ARG
Zürich Versicherungs-Gesellschaft AG
99.90000
  
Zurich Aseguradora Mexicana, S.A. de C.V.
MEX
Zürich Lebensversicherungs-Gesellschaft AG
0.00000
  
Zurich Aseguradora Mexicana, S.A. de C.V.
MEX
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Assurance Ltd
GBR
Eagle Star Holdings Limited
100.00000
  
Zurich Assure Australia Pty Limited
AUS
Zurich Financial Services Australia Limited
100.00000
  
Zurich Australia Limited
AUS
Zurich Financial Services Australia Limited
100.00000
  
Zurich Australian Insurance Limited
AUS
Zurich Financial Services Australia Limited
100.00000
  
Zurich Australian Insurance Properties Pty Limited
AUS
Zurich Australia Limited
40.00000
  
Zurich Australian Insurance Properties Pty Limited
AUS
Zurich Australian Insurance Limited
60.00000
  
Zurich Australian Property Holdings Pty Ltd
AUS
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Bank International Limited
GBR
Dunbar Assets Ireland
100.00000
  
Zurich Benefit Finance LLC
DE
Zurich Holding Company of America, Inc.
100.00000
  
Zurich Beteiligungs-Aktiengesellschaft (Deutschland)
DEU
Zurich IT Service AG Niederlassung fur Deutschland
82.61672
  
Zurich Beteiligungs-Aktiengesellschaft (Deutschland)
DEU
Zurich Leben Service AG Niederlassung fur Deutschland
17.38328
  
Zurich Brand and Experience Studio Spain, S.L.
ESP
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Brasil Capitalizacao S.A
BRA
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Brasil Companhia de Seguros
BRA
Zurich Minas Brasil Seguros S.A.
100.00000
  
Zurich Building Control Services Limited
GBR
Zurich Holdings (UK) Limited
100.00000
  
Zurich Canadian Holdings Limited
CAN
Zurich Insurance Company Ltd, Canadian Branch
68.81942
  
Zurich Canadian Holdings Limited
CAN
Zurich Versicherungs-Gesellschaft AG
31.18058
  
Zurich Commercial Services (Europe) GmbH
DEU
Zürich Beteiligungs-Aktiengesellschaft (Deutschland)
100.00000
  
Zurich Community Trust (UK) Limited
GBR
Zurich Financial Services (UKISA) Limited
50.00000
  
Zurich Community Trust (UK) Limited
GBR
Zurich Financial Services (UKISA) Nominees Limited
50.00000
  
Zurich Compania de Reaseguros Argentina S.A.
ARG
Inversiones Suizo-Argentina S.A.
95.00000
  
Zurich Compania de Reaseguros Argentina S.A.
ARG
Zurich Versicherungs-Gesellschaft AG
5.00000
  
Zurich Companía de Seguros, S.A.
MEX
Zurich Versicherungs-Gesellschaft AG
99.88280
  
Zurich Corredora de Bolsa S.A.
CHL
Inversiones Suizo Chilena S.A.
99.00030
  
Zurich Corredora de Bolsa S.A.
CHL
Zurich Investments Chile S.A.
0.99970
  
Zurich Cover-More Global Travel, Inc.
DE
Zurich Holding Company of America, Inc.
100.00000
  
Zurich Customer Active Management, d.o.o.
SVN
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich CZI Management Holding Ltd.
DE
Zurich Global Investment Management Inc.
100.00000
  
Zurich Deutscher Herold Lebensversicherung Aktiengesellschaf
DEU
Deutscher Herold Aktiengesellschaft
67.54030
  
Zurich Deutscher Herold Lebensversicherung Aktiengesellschaf
DEU
Zurich Beteiligungs-Aktiengesellschaft (Deutschland)
32.45970
  
Zurich Digital International Private Limited
IND
Zurich Insurance Mobile Solutions AG
99.99000
  
Zurich Digital International Private Limited
IND
Servizurich S.A. - Sociedad Unipersonal
0.01000
  
Zurich E&S Insurance Brokerage, Inc.
CA
Zurich American Insurance Company
100.00000
  
Zurich Employment Services Limited
GBR
Zurich Financial Services (UKISA) Limited
100.00000
  
Zurich Employment Services Limited, Swindon, Zweigniederlassung Zürich
CHE
Zurich Employment Services Limited
100.00000
  
Zurich Engineering Inspection Services Ireland Limited
IRL
Zurich Insurance plc
100.00000
  
Zurich Eurolife S.A.
LUX
Zurich Lebensversicherungs-Gesellschaft AG
90.00000
  
Zurich Eurolife S.A.
LUX
Zurich Versicherungs-Gesellschaft AG
10.00000
  
Zurich F&I Reinsurance T&C Limited
TCA
Universal Underwriters Service Corporation
99.99950
  
Zurich F&I Reinsurance T&C Limited
TCA
Zurich Agency Services  Inc.
0.00050
  
Zurich Fianzas Mexico, S.A.DE C.V.
MEX
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Finance (Australia) Limited
AUS
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Finance (Ireland) DAC
IRL
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Finance (Ireland) II DAC
IRL
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Finance (UK) plc
GBR
Zurich Financial Services (UKISA) Limited
99.99800
  
Zurich Finance (UK) plc
GBR
Zurich Financial Services (UKISA) Nominees Limited
0.00200
  
Zurich Finance Company Ltd
CHE
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Financial Services (Isle of Man) Group Services Limit
GBR
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Financial Services (Isle of Man) Holdings Limited
GBR
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Financial Services (Isle of Man) Insurance Manager Lt
GBR
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Financial Services (UKISA) Limited
GBR
Allied Zurich Holdings Limited
90.31559
  
Zurich Financial Services (UKISA) Limited
GBR
Zurich Insurance plc
9.68441
  
Zurich Financial Services (UKISA) Nominees Limited
GBR
Zurich Financial Services (UKISA) Limited
100.00000
  
Zurich Financial Services Australia Limited
AUS
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Financial Services EUB Holdings Limited
IRL
Zurich Ins Group
0.08333
  
Zurich Financial Services EUB Holdings Limited
IRL
Zurich Insurance Group Ltd.
99.91667
  
Zurich Financial Services UK Pension Trustee Limited
GBR
Zurich Financial Services (UKISA) Limited
99.00000
  
Zurich Finanz-Gesellschaft AG
CHE
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich General Insurance (Hong Kong) Limited
HKG
Zurich Insurance Company Ltd, Hong Kong Branch
100.00000
  
Zurich General Insurance Company (China) Limited
CHN
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich General Insurance Malaysia Berhad
MYS
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich General Partner (Scotland) Ltd
GBR
Allied Zurich Holdings Limited
100.00000
  
Zurich General Takaful Malaysia Berhad
MYS
Zurich Holdings Malaysia Berhad
100.00000
  
Zurich GL Servicios Mexico, S.A. de C.V.
MEX
Zurich Companía de Seguros, S.A.
5.00000
  
Zurich GL Servicios Mexico, S.A. de C.V.
MEX
Zurich Vida, Compañía de Seguros, S.A.
95.00000
  
Zurich Global Corporate UK Limited
GBR
Zurich Holdings (UK) Limited
100.00000
  
Zurich Global Investment Management Inc.
DE
Zurich Holding Company of America, Inc.
100.00000
  
Zurich Global Ventures MGA Solutions (SA)
BEL
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Global, Ltd.
BMU
Zurich Holding Company of America, Inc.
100.00000
  
Zurich Group Pension Services (UK) Ltd
GBR
Zurich Assurance Ltd
100.00000
  
Zurich GSG Limited
GBR
Zurich GSH Limited
100.00000
  
Zurich GSH Limited
GBR
Zurich Holdings (UK) Limited
100.00000
  
Zurich Holding Company of America, Inc.
DE
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Holding Ireland Limited
IRL
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Holding SE
DEU
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Holdings (UK) Limited
GBR
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Immobilien (Deutschland) AG & Co. KG
DEU
Zurich Immobilientreuhand (Deutschland) GmbH
0.00000
  
Zurich Immobilien Liegenschaftsverwaltungs-GesmbH
AUT
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Immobilientreuhand (Deutschland) GmbH
DEU
Zurich Deutscher Herold Lebensversicherung Aktiengesellschaf
100.00000
  
Zurich Insurance Company (U.K.) Limited
GBR
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Insurance Company Escritorio de Representacao no Bras
BRA
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Insurance Company Ltd., Representative Office Buenos Aires
ARG
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Insurance Group Ltd.
CHE
Board of Directors
    
Zurich Insurance Holdings (Hong Kong) Limited
HKG
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Insurance Malaysia Berhad
MYS
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Insurance plc
IRL
Zurich Beteiligungs-Aktiengesellschaft (Deutschland)
25.07428
  
Zurich Insurance plc
IRL
Zurich Holding Ireland Limited
70.40509
  
Zurich Insurance plc
IRL
Zurich Insurance Company Ltd - Rappresentanza Generale per l
4.52063
  
Zurich Insurance plc, Representative Office Buenos Aires
ARG
Zurich Insurance plc
100.00000
  
Zurich Intermediary Group Limited
GBR
Zurich Financial Services (UKISA) Limited
99.99900
  
Zurich Intermediary Group Limited
GBR
Zurich Financial Services (UKISA) Nominees Limited
0.00100
  
Zurich International (UK) Limited
GBR
Zurich Holdings (UK) Limited
100.00000
  
Zurich International Life Limited
GBR
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich International Pensions Administration Limited
IMN
Zurich International Life Limited
100.00000
  
Zurich Invest AG
CHE
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Investment Management Limited
AUS
Zurich Australia Limited
100.00000
  
Zurich Investment Services Limited
BMU
Zurich Finance Company Ltd
100.00000
  
Zurich Investments Life S.p.A.
ITA
Zurich Insurance Company Ltd - Rappresentanza Generale per l
100.00000
  
Zurich Ireland Master Trustee Designated Activity Company
IRL
Zurich Life Assurance plc
100.00000
  
Zurich Italy S.p.A.
ITA
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich JVCompany Servicios Mexico, S.A. DE C.V.
MEX
Zurich Santander Seguros Mexico, S.A.
99.99800
  
Zurich JVCompany Servicios Mexico, S.A. DE C.V.
MEX
Zurich Vida, Compania de Seguros, S.A.
0.00200
  
Zurich Kotak General Insurance Company (India) Limited
IND
Zurich Shared Services Malaysia Sdn Bhd
0.00000
  
Zurich Kotak General Insurance Company (India) Limited
IND
Zürich Versicherungs-Gesellschaft AG
70.00000
  
Zurich Kotak General Insurance Company (India) Limited
IND
Zurich Finance Company AG
0.00000
  
Zurich Kotak General Insurance Company (India) Limited
IND
Zurich Services Malaysia Sdn Bhd
0.00000
  
Zurich Kotak General Insurance Company (India) Limited
IND
Zurich Australian Insurance Properties Pty Limited
0.00000
  
Zurich Kotak General Insurance Company (India) Limited
IND
Zurich Insurance Mobile Solutions AG
0.00000
  
Zurich Kunden Center GmbH
DEU
Zurich Beteiligungs-Aktiengesellschaft (Deutschland)
100.00000
  
Zurich Latin America Holding S.L. - Sociedad Unipersonal
ESP
Zurich Lebensversicherungs-Gesellschaft AG
100.00000
  
Zurich Latin American Services S.A.
ARG
Inversiones Suizo-Argentina S.A.
6.32000
  
Zurich Latin American Services S.A.
ARG
Zurich Versicherungs-Gesellschaft AG
93.68000
  
Zurich Lebensversicherungs-Gesellschaft AG
CHE
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Legacy Solutions Services (UK) Limited
GBR
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Life Assurance plc
IRL
Zurich Holding Ireland Limited
100.00000
  
Zurich Life Insurance (Hong Kong) Limited
HKG
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Life Insurance Company Ltd., Representative office Buenos Aires
ARG
Zurich Lebensversicherungs-Gesellschaft AG
100.00000
  
Zurich Life Preparatory Japan Co. Ltd.
JPN
Zürich Lebensversicherungs-Gesellschaft AG
100.00000
  
Zurich LiveWell Services and Solutions AG
CHE
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Management (Bermuda) Ltd
BMU
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Management Services Limited
GBR
Zurich Holdings (UK) Limited
100.00000
  
Zurich Medical Analytics Pty Ltd
AUS
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Minas Brasil Seguros S.A,
BRA
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Pension Trustees Ireland Limited
IRL
Zurich Insurance plc
50.00000
  
Zurich Pension Trustees Ireland Limited
IRL
Zurich Trustee Services Limited
50.00000
  
Zurich Pension Trustees Limited
GBR
Zurich Assurance Ltd
100.00000
  
Zurich Pensions Management Limited
GBR
Allied Dunbar Assurance plc
100.00000
  
Zurich Pensionskassen-Beratung AG
CHE
Zurich Lebensversicherungs-Gesellschaft AG
100.00000
  
Zurich Professional Limited
GBR
Zurich Holdings (UK) Limited
100.00000
  
Zurich Project Finance (UK) Limited
GBR
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Properties Pty Limited
AUS
Zurich Australia Limited
40.00056
  
Zurich Properties Pty Limited
AUS
Zurich Australian Insurance Limited
59.99944
  
Zurich Property Services Malaysia Sdn Bhd
MYS
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Realty, Inc.
MD
Zurich Holding Company of America, Inc.
100.00000
  
Zurich Rechtsschutz-Schadenservice GmbH
DEU
Zurich Beteiligungs-Aktiengesellschaft (Deutschland)
100.00000
  
Zurich Resseguradora Brasil S.A.
BRA
Zurich Lebensversicherungs-Gesellschaft AG
0.00100
  
Zurich Resseguradora Brasil S.A.
BRA
Zurich Versicherungs-Gesellschaft AG
99.99900
  
Zurich Risk Management Services (India) Private Limited
IND
Zürich Rückversicherungs-Gesellschaft AG
1.00000
  
Zurich Risk Management Services (India) Private Limited
IND
Zurich Versicherungs-Gesellschaft AG
99.00000
  
Zurich Ruckversicherungs-Gesellschaft AG
CHE
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Sander Vermögensverwaltungs AG (Deutschland)
DEU
Zürich Beteiligungs-Aktiengesellschaft (Deutschland)
32.46000
  
Zurich Sander Vermögensverwaltungs AG (Deutschland)
DEU
Deutscher Herold Aktiengesellschaft
67.54000
  
Zurich Santander Brasil Odonto LTDA.
BRA
Zurich Santander Brasil Seguros e Previdência S.A.
99.00000
  
Zurich Santander Brasil Odonto LTDA.
BRA
Zurich Santander Brasil Seguros S.A.
1.00000
  
Zurich Santander Brasil Seguros e Previdência S.A.
BRA
Zurich Latin America Holding S.L. - Sociedad Unipersonal
0.22007
  
Zurich Santander Brasil Seguros e Previdência S.A.
BRA
Zurich Santander Holding (Spain), S.L.
99.56848
  
Zurich Santander Brasil Seguros S.A.
BRA
Zurich Santander Brasil Seguros e Previdência S.A.
100.00000
  
Zurich Santander Holding (Spain), S.L.
ESP
Zurich Santander Insurance America, S.L.
100.00000
  
Zurich Santander Holding Dos (Spain), S.L.
ESP
Zurich Santander Insurance America, S.L.
100.00000
  
Zurich Santander Insurance America, S.L.
ESP
Zurich Latin America Holding S.L. - Sociedad Unipersonal
51.00000
  
Zurich Santander Seguros Argentina S.A.
ARG
Inversiones ZS America SpA
4.00000
  
Zurich Santander Seguros Argentina S.A.
ARG
Zurich Santander Insurance America, S.L.
96.00000
  
Zurich Santander Seguros de Vida Chile S.A.
CHL
Inversiones ZS America Dos Limitada
99.78173
  
Zurich Santander Seguros de Vida Chile S.A.
CHL
Inversiones ZS America SpA
0.21827
  
Zurich Santander Seguros Generales Chile S.A.
CHL
Inversiones ZS America Dos Limitada
99.50540
  
Zurich Santander Seguros Generales Chile S.A.
CHL
Inversiones ZS America SpA
0.49460
  
Zurich Santander Seguros Mexico, S.A.
MEX
Inversiones ZS America SpA
0.00053
  
Zurich Santander Seguros Mexico, S.A.
MEX
Zurich Santander Insurance America, S.L.
99.99947
  
Zurich Schweiz Services AG
CHE
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Seguros Ecuador, S.A.
ECU
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Seguros Rentas Vitalicias Chile S.A.
CHL
Zurich Servicios e Inversiones S.A
0.01000
  
Zurich Service GmbH
DEU
Zurich Versicherungs-Aktiengesellschaft
100.00000
  
Zurich Services (Australia) Pty Limited
AUS
Zurich Financial Services Australia Limited
100.00000
  
Zurich Services (Hong Kong) Limited
HKG
Zurich Insurance Holdings (Hong Kong) Limited
99.99714
  
Zurich Services (Hong Kong) Limited
HKG
Zürich Versicherungs-Gesellschaft AG
0.00286
  
Zurich Services A.I.E.
ESP
AIDE Asistencia Seguros y Reaseguros, S.A. - Sociedad Uniper
0.00100
  
Zurich Services A.I.E.
ESP
Bansabadell Pensiones, E.G.F.P, S.A.
0.00100
  
Zurich Services A.I.E.
ESP
Bansabadell Seguros Generales, S.A. de Seguros y Reaseguros
0.00100
  
Zurich Services A.I.E.
ESP
Bansabadell Vida S.A. de Seguros y Reaseguros
0.00100
  
Zurich Services A.I.E.
ESP
Zurich Insurance plc, Sucursal en Espana
97.18000
  
Zurich Services A.I.E.
ESP
Zurich Vida, Companía de Seguros y Reaseguros, S.A. - Socied
2.81600
  
Zurich Services Company (Pty) Ltd
AUS
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Services US. LLC
DE
Farmers Group, Inc.
50.00000
  
Zurich Services US. LLC
DE
Zurich Holding Company of America, Inc.
50.00000
  
Zurich Servicios de Mexico, S.A. de. C.V.
MEX
Zurich Vida, Compania de Seguros, S.A.
90.00000
  
Zurich Servicios de Mexico, S.A. de. C.V.
MEX
Zurich, Compania de Seguros, S.A.
10.00000
  
Zurich Servicios Directo España, S.L.
ESP
Zurich Insurance Mobile Solutions AG
100.00000
  
Zurich Servicios y Soporte México, S.A. de C.V.
MEX
Zürich Lebensversicherungs-Gesellschaft AG
0.02000
  
Zurich Servicios y Soporte México, S.A. de C.V.
MEX
Zürich Versicherungs-Gesellschaft AG
99.98000
  
Zurich Shared Services S.A.
CHL
Inversiones Suizo Chilena S.A.
99.98667
  
Zurich Shared Services S.A.
CHL
Zurich Investments Chile S.A.
0.01333
  
Zurich Sigorta A.S.
TUR
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Small Amount and Short Term Insurance Ltd
JPN
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich South America Invest AB
SWE
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Specialties London Limited
GBR
Zurich Holdings (UK) Limited
100.00000
  
Zurich Structured Finance, Inc.
DE
Zurich Finance Company Ltd
100.00000
  
Zurich Takaful Malaysia Berhad (ZTMB)
MYS
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Technical and Consulting Services (Beijing) Co. Ltd.
CHN
Zurich Insurance Holdings (Hong Kong) Limited
100.00000
  
Zurich Technical Development (China) Limited
CHN
Zurich Insurance Holdings (Hong Kong) Limited
100.00000
  
Zurich Technology Malaysia Sdn Bhd
MYS
Zurich Technology Services Malaysia Sdn Bhd
100.00000
  
Zurich Technology Services Malaysia Sdn Bhd
MYS
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Transitional Services Limited
GBR
Zurich Holdings (UK) Limited
100.00000
  
Zurich Travel Solutions Pty Limited
AUS
Zürich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Treasury Services Limited
IRL
Zurich Financial Services EUB Holdings Limited
100.00000
  
Zurich Trustee Services Limited
IRL
Zurich Life Assurance plc
100.00000
  
Zurich UK General Employee Services Limited
GBR
Zurich UK General Services Limited
100.00000
  
Zurich UK General Services Limited
GBR
Zurich Holdings (UK) Limited
100.00000
  
Zurich Versicherungs-Aktiengesellschaft
AUT
Zurich Versicherungs-Gesellschaft AG
99.98125
  
Zurich Versicherungs-Gesellschaft AG
CHE
Zurich Insurance Group Ltd.
100.00000
  
Zurich Vida e Previdencia S.A.
BRA
Zurich Minas Brasil Seguros S.A,
100.00000
  
Zurich Vida, Companía de Seguros y Reaseguros, S.A. - Socied
ESP
Zurich Lebensversicherungs-Gesellschaft AG
100.00000
  
Zurich Vida, Companía de Seguros, S.A.
MEX
Zurich Versicherungs-Gesellschaft AG
100.00000
  
Zurich Vorsorge-Beratungs und Vertriebs GmbH (Deutschland)
DEU
Zürich Beteiligungs-Aktiengesellschaft (Deutschland)
100.00000
  
Zurich Workplace Solutions (Middle East) Limited
ARE
Zurich International Life Limited
100.00000
  

Organizations Affiliated with Farmers Insurance Group
 
Company
 
 
Domicile
 
Ownership
 
%
 




















































































































































































































































































































































































































11930 Narcoossee Road, LLC
DE
Mid-Century Insurance Company
100.00000
12225 NE 60th Way, LLC
DE
Truck Insurance Exchange
100.00000
17885 Von Karman, LLC
CA
Farmers Insurance Exchange
100.00000
201 Railroad Ave, LLC
DE
Farmers Insurance Exchange
100.00000
21st Century Casualty Company
CA
21st Century Insurance Group
100.00000
21st Century Centennial Insurance Company
PA
Mid-Century Insurance Company
100.00000
21st Century Insurance Company
CA
21st Century Insurance Group
100.00000
21st Century Insurance Group
DE
Mid-Century Insurance Company
100.00000
21st Century North America Insurance Company
NY
Mid-Century Insurance Company
100.00000
21st Century Pinnacle Insurance Company
NJ
21st Century North America Insurance Company
100.00000
21st Century Premier Insurance Company
PA
21st Century Centennial Insurance Company
100.00000
2475 Mill Center Parkway, LLC
DE
Farmers Insurance Exchange
100.00000
280 Riverside Parkway, LLC
DE
Farmers Insurance Exchange
100.00000
3049 East Washburn Road, LLC
DE
Farmers Insurance Exchange
100.00000
3195 East Washburn Road, LLC
DE
Farmers Insurance Exchange
100.00000
3330 Oak Grove Avenue, LLC
DE
Mid-Century Insurance Company
100.00000
384 Santa Trinita Ave LLC
DE
Fire Insurance Exchange
100.00000
4345 Hamilton Mill Road, LLC
DE
Farmers Insurance Exchange
100.00000
475 Riverside Parkway, LLC
DE
Mid-Century Insurance Company
100.00000
47548 Kato Road, LLC
DE
Farmers Insurance Exchange
100.00000
6671-6675 North Macarthur Blvd, LLC
DE
Mid-Century Insurance Company
100.00000
American Federation Insurance Company
TX
21st Century Insurance Group
100.00000
American Pacific Insurance Company, Inc.
HI
Farmers Insurance Hawaii, Inc.
100.00000
Bristol West Casualty Insurance Company
OH
Coast National Insurance Company
100.00000
Bristol West Holdings, Inc.
DE
Farmers Insurance Exchange
42.00000
Bristol West Holdings, Inc.
DE
Fire Insurance Exchange
3.75000
Bristol West Holdings, Inc.
DE
Mid-Century Insurance Company
47.50000
Bristol West Holdings, Inc.
DE
Truck Insurance Exchange
6.75000
Bristol West Insurance Company
OH
Coast National Insurance Company
100.00000
Bristol West Insurance Services of California, Inc.
CA
Bristol West Holdings, Inc.
100.00000
Bristol West Insurance Services, Inc. of Florida
FL
Bristol West Holdings, Inc.
100.00000
Bristol West Preferred Insurance Company
MI
Bristol West Holdings, Inc.
100.00000
BW GP, LLC
DE
Bristol West Holdings, Inc.
100.00000
BWIS of Nevada, Inc.
NV
Bristol West Holdings, Inc.
100.00000
Civic Property and Casualty Company
CA
Fire Insurance Exchange
80.00000
Civic Property and Casualty Company
CA
Truck Insurance Exchange
20.00000
Coast National General Agency, Inc.
TX
Bristol West Holdings, Inc.
100.00000
Coast National Holding Company
CA
Bristol West Holdings, Inc.
100.00000
Coast National Insurance Company
CA
Coast National Holding Company
100.00000
Economy Fire & Casualty Company
IL
Farmers Property and Casualty Insurance Company
100.00000
Economy Preferred Insurance Company
IL
Economy Fire & Casualty Company
100.00000
Economy Premier Assurance Company
IL
Economy Fire & Casualty Company
100.00000
Exact Property and Casualty Company
CA
Fire Insurance Exchange
80.00000
Exact Property and Casualty Company
CA
Truck Insurance Exchange
20.00000
Farmers Asset Management, LLC
NV
FFS Holding, LLC
100.00000
Farmers Casualty Insurance Company
RI
Farmers Property and Casualty Insurance Company
100.00000
Farmers Direct Property and Casualty Insurance Company
RI
Farmers Property and Casualty Insurance Company
100.00000
Farmers Financial Solutions, LLC
NV
FFS Holding, LLC
100.00000
Farmers Group Property and Casualty Insurance Company
RI
Farmers Property and Casualty Insurance Company
100.00000
Farmers Insurance Company of Arizona
AZ
Farmers Insurance Exchange
70.00000
Farmers Insurance Company of Arizona
AZ
Fire Insurance Exchange
10.00000
Farmers Insurance Company of Arizona
AZ
Truck Insurance Exchange
20.00000
Farmers Insurance Company of Idaho
ID
Farmers Insurance Exchange
80.00000
Farmers Insurance Company of Idaho
ID
Fire Insurance Exchange
6.70000
Farmers Insurance Company of Idaho
ID
Truck Insurance Exchange
13.30000
Farmers Insurance Company of Oregon
OR
Farmers Insurance Exchange
80.00000
Farmers Insurance Company of Oregon
OR
Truck Insurance Exchange
20.00000
Farmers Insurance Company of Washington
WA
Fire Insurance Exchange
80.00000
Farmers Insurance Company of Washington
WA
Truck Insurance Exchange
20.00000
Farmers Insurance Company, Inc.
KS
Farmers Insurance Exchange
90.00000
Farmers Insurance Company, Inc.
KS
Fire Insurance Exchange
10.00000
Farmers Insurance Exchange
CA
See Note 1
  
Farmers Insurance Hawaii, Inc.
HI
Mid-Century Insurance Company
100.00000
Farmers Insurance of Columbus, Inc.
OH
Farmers Insurance Exchange
100.00000
Farmers Lloyds Insurance Company of Texas
TX
See Note 8
  
Farmers Lloyds, Inc.
TX
Farmers Property and Casualty Insurance Company
100.00000
Farmers New Century Insurance Company
IL
Illinois Farmers Insurance Company
100.00000
Farmers Property and Casualty Insurance Company
RI
Farmers Insurance Exchange
80.00000
Farmers Property and Casualty Insurance Company
RI
Truck Insurance Exchange
10.00000
Farmers Property and Casualty Insurance Company
RI
Fire Insurance Exchange
10.00000
Farmers Specialty Insurance Company
MI
Foremost Insurance Company Grand Rapids, Michigan
100.00000
Farmers Texas County Mutual Insurance Company
TX
See Note 2
  
FCOA, LLC
DE
Foremost Insurance Company Grand Rapids, Michigan
100.00000
FFS Holding, LLC
NV
Mid-Century Insurance Company
100.00000
Fire Insurance Exchange
CA
See Note 3
  
Foremost County Mutual Insurance Company
TX
See Note 4
  
Foremost Insurance Company Grand Rapids, Michigan
MI
Farmers Insurance Exchange
80.00000
Foremost Insurance Company Grand Rapids, Michigan
MI
Fire Insurance Exchange
10.00000
Foremost Insurance Company Grand Rapids, Michigan
MI
Truck Insurance Exchange
10.00000
Foremost Lloyds of Texas
TX
See Note 5
  
Foremost Property & Casualty Insurance Company
MI
Foremost Insurance Company Grand Rapids, Michigan
100.00000
Foremost Signature Insurance Company
MI
Foremost Insurance Company Grand Rapids, Michigan
100.00000
Hawaii Insurance Consultants, Ltd.
HI
Mid-Century Insurance Company
100.00000
Illinois Farmers Insurance Company
IL
Farmers Insurance Exchange
100.00000
Insurance Data Systems, G.P.
FL
Bristol West Holdings, Inc.
99.90000
Insurance Data Systems, G.P.
FL
BW GP, LLC
0.10000
MC Maple Tree, LLC
DE
Mid-Century Insurance Company
100.00000
Mid-Century Insurance Company
CA
Farmers Insurance Exchange
80.00000
Mid-Century Insurance Company
CA
Fire Insurance Exchange
10.00000
Mid-Century Insurance Company
CA
Truck Insurance Exchange
10.00000
Mid-Century Insurance Company of Texas
TX
Farmers Insurance Exchange
100.00000
Neighborhood Spirit Property and Casualty Company
CA
Fire Insurance Exchange
80.00000
Neighborhood Spirit Property and Casualty Company
CA
Truck Insurance Exchange
20.00000
Northwest Distribution Center Apopka Road, LLC
DE
Farmers Insurance Exchange
100.00000
Security National Insurance Company
FL
Bristol West Holdings, Inc.
100.00000
Texas Farmers Insurance Company
TX
Farmers Insurance Exchange
86.28000
Texas Farmers Insurance Company
TX
Mid Century Insurance Company
13.72000
Toggle Insurance Company
DE
Mid-Century Insurance Company
100.00000
Toggle Services, LLC
DE
Toggle Insurance Company
100.00000
Truck Insurance Exchange
CA
See Note 6
  
Zurich South America Invest AB
SWE
Zurich Versicherungs-Gesellschaft AG
100.00000
Zurich Specialties London Limited
GBR
Zurich Holdings (UK) Limited
100.00000
Zurich Structured Finance, Inc.
DE
Zurich Finance Company Ltd
100.00000
Zurich Takaful Malaysia Berhad (ZTMB)
MYS
Zurich Versicherungs-Gesellschaft AG
100.00000
Zurich Technical and Consulting Services (Beijing) Co. Ltd.
CHN
Zurich Insurance Holdings (Hong Kong) Limited
100.00000
Zurich Technical Development (China) Limited
CHN
Zurich Insurance Holdings (Hong Kong) Limited
100.00000
Zurich Technology Malaysia Sdn Bhd
MYS
Zurich Technology Services Malaysia Sdn Bhd
100.00000
Zurich Technology Services Malaysia Sdn Bhd
MYS
Zurich Versicherungs-Gesellschaft AG
100.00000
Zurich Transitional Services Limited
GBR
Zurich Holdings (UK) Limited
100.00000
Zurich Travel Solutions Pty Limited
AUS
Zürich Versicherungs-Gesellschaft AG
100.00000
Zurich Treasury Services Limited
IRL
Zurich Financial Services EUB Holdings Limited
100.00000
Zurich Trustee Services Limited
IRL
Zurich Life Assurance plc
100.00000
Zurich UK General Employee Services Limited
GBR
Zurich UK General Services Limited
100.00000
Zurich UK General Services Limited
GBR
Zurich Holdings (UK) Limited
100.00000
Zurich Versicherungs-Aktiengesellschaft
AUT
Zurich Versicherungs-Gesellschaft AG
99.98125
Zurich Versicherungs-Gesellschaft AG
CHE
Zurich Insurance Group Ltd.
100.00000
Zurich Vida e Previdencia S.A.
BRA
Zurich Minas Brasil Seguros S.A,
100.00000
Zurich Vida, Companía de Seguros y Reaseguros, S.A. - Socied
ESP
Zurich Lebensversicherungs-Gesellschaft AG
100.00000
Zurich Vida, Companía de Seguros, S.A.
MEX
Zurich Versicherungs-Gesellschaft AG
100.00000
Zurich Vorsorge-Beratungs und Vertriebs GmbH (Deutschland)
DEU
Zürich Beteiligungs-Aktiengesellschaft (Deutschland)
100.00000
Zurich Workplace Solutions (Middle East) Limited
ARE
Zurich International Life Limited
100.00000

Note 1: Farmers Insurance Exchange is a California “interinsurance exchange” owned by its policyholders. Its attorney-in-fact is Farmers Group, Inc, dba Farmers Underwriters Association, which is a subsidiary of Zurich Insurance Group Ltd.
Note 2: Farmers Group Inc, as attorney-in-fact for Farmers Insurance Exchange, provides management services to Farmers Texas County Mutual Insurance Company.
Note 3: Fire Insurance Exchange is a California “interinsurance exchange” owned by its policyholders. Its attorney-in-fact is Fire Underwriters Association, which is a subsidiary of Zurich Insurance Group Ltd.
Note 4: Foremost County Mutual Insurance Company is a Texas County mutual insurance company managed by Foremost Insurance Company Grand Rapids, Michigan.
Note 5: Foremost Lloyds of Texas underwriters are officers and/or directors of Foremost Insurance Company Grand Rapids, Michigan.
Note 6: Truck Insurance Exchange is a California “interinsurance exchange” owned by its policyholders. Its attorney-in-fact is Truck Underwriters Association, which is a subsidiary of Zurich Insurance Group Ltd.
Note 7: Zurich Insurance Plc operates branches in the following countries: Italy (AA-1364106), Portugal (AA-1820001), Spain (AA-1840150), and United Kingdom (AA-1780059).
Note 8: Zurich Versicherungs-Aktiengesellschaft operates a branch in Germany (AA-1340017)
Note 9: Zurich Versicherungs-Gesellschaft AG also known as Zurich Insurance Company, Ltd operates branches in the following countries: Bermuda (AA-3190825), Canada (AA-1560999), Hong Kong (AA-5324112), Ireland (AA-1780042), Japan (AA-1584115), and Singapore (AA-5760036). It also operates a management entity Alpina International (AA-1460010) in Switzerland.
Note 10: An affiliate entity is the attorney-in-fact of Farmers Insurance Exchange, Fire Insurance Exchange and Truck Insurance Exchange (collectively “Exchanges”). The reporting entity’s relationship to the Exchanges, their subsidiaries, and the affiliates that they manage is classified as OTHER.
Note 11: This company is a subsidiary of Zurich Insurance Group Ltd., and is an affiliate of Farmers Group, Inc.
Note 12: Farmers Lloyds Insurance Company of Texas is a Texas company managed by Farmers Lloyds, Inc.
Zurich Insurance Group Ltd conducts its primary insurance operations in the United States through two holding companies, each operating INDEPENDENTLY with its own staff:
Zurich Holding Company of America, Inc., an entity organized under the laws of the State of Delaware
Farmers Group, Inc., an entity organized under the laws of the State of Nevada

Country Code Key (Standard USPS Codes are used for U.S. States)
 
ANO
Netherlands Antilles
DEU
Germany
PRT
Portugal
ARG
Argentina
ESP
Spain
RUS
Russian Federation
AUT
Austria
FRA
France
SGP
Singapore
AUS
Australia
GBR
United Kingdom
SWE
Sweden
BHR
Bahrain
HKG
Hong Kong
SWZ
Swaziland
BMU
Bermuda
IDN
Indonesia
TCA
Turks & Caicos
BOL
Bolivia
IRL
Ireland
THA
Thailand
BRA
Brazil
IND
India
TUR
Turkey
BHS
Bahamas
ITA
Italy
TWN
Taiwan
CAN
Canada
JPN
Japan
URY
Uruguay
CHE
Switzerland
LBN
Lebanon
VEN
Venezuela
CHL
Chile
LUX
Luxembourg
VGB
Virgin Islands
CHN
China
MLT
Malta
ZAF
South Africa
COL
Colombia
MEX
Mexico
 
 
CYM
Cayman Islands
MYS
Malaysia
 
 


Item 33.
Indemnification
Under its By-Laws, Farmers New World Life Insurance Company, to the full extent permitted by the Washington Business Corporation Act, will indemnify any person who was or is a party to any proceeding by reason of the fact that he or she is or was a director of Farmers, as provided below.
By-Laws of Farmers New World Life Insurance Company (as amended May 27, 2015)
INDEMNIFICATION OF DIRECTORS, OFFICERS, AND EMPLOYEES
SECTION 58. Indemnification. (a) Each person who acts as a Director, Officer or employee of the Corporation shall be indemnified by the Corporation for all sums which he or she becomes obligated to pay (including counsel fees, expenses and court costs actually and necessarily incurred by him or her) in connection with any action, suit or proceeding in which he or she is made a party by reason of his being, or having been a Director, Officer, or employee of the Corporation, except in relation to matters as to which he or she shall be adjudged in such action, suit or proceeding to be liable for bad faith or misconduct in the performance of his or her duties as such Director, Officer or employee, and except any sum paid to the Corporation in settlement of an action, suit or proceeding based upon bad faith or misconduct in the performance of his or her duties.
(b) The right of indemnification in this article provided shall inure to each Director, Officer and employee of the Corporation, whether or not he or she is such Director, Officer or employee at the time he or she shall become obligated to pay such sums, and whether or not the claim asserted against him or her is based on matters which predate the adoption of this article; and in the event of his or her death shall extend to his or her legal representatives. Each person who shall act as a Director, Officer or employee of the Corporation shall be deemed to be doing so in reliance upon such right of indemnification; and such right shall not be deemed exclusive of any other right to which any such person may be entitled, under any By-Law, agreement, vote of stockholders, or otherwise.
(c) The Board of Directors of the Corporation, acting at a meeting at which a majority of the quorum is unaffected by self- interest (notwithstanding that other members of the quorum present but not voting may be so affected), shall determine the propriety and reasonableness of any indemnity claimed under this article, and such determination shall be final and conclusive. If, however, a majority of a quorum of the Board of Directors which is unaffected by self-interest and willing to act is not obtainable, the Board of Directors in its discretion may appoint from among the stockholders who are not Directors or Officers or employees of the Corporation, a committee of two (2) or more persons to consider and determine any such question, and the determination of such committee shall be final and conclusive.
RULE 484 UNDERTAKING
Insofar as indemnification for liability arising under the Securities Act of 1933 (the “Act”) may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

Item 34.
Principal Underwriter
(a) Other Activity. Farmers Financial Solutions, LLC (“FFS”) is the principal underwriter for the Policies. FFS is also the principal underwriter for Farmers Annuity Separate Account A.
(b) Management. The following information is furnished with respect to the officers and directors of FFS:
 
Name and Principal Address
 
 
Positions and Officers with FFS
 
Janice Scott1
Director
Guy Meade Hanson1
Director
Al Gildemeister1
Director
Zachary Schear1
President
Taretha Ann Robinson1
Chief Compliance Officer
Joshua Alan Borkin1
Treasurer and Chief Financial Officer
Chau Do2
Secretary
 
 

1. 
The principal business address is 31051 Agoura Road, Westlake Village, CA 91361

2. 
The principal business address is 6301 Owensmouth Ave, Woodland Hills, CA 91367
(c) Compensation from the Registrant. The following commissions and other compensation were received by the principal underwriter, directly or indirectly, from the Registrant during the Registrant’s last fiscal year:
 
(1)
Name of Principal
Underwriter
 
 
(2)
Net Underwriting
Discounts and
Commissions
 
(3)
Compensation on
Redemption
 
(4)
Brokerage
Commissions
 
(5)
Compensation
 
Farmers Financial Solutions, LLC
N/A
N/A
$4,585,665.54
$0.00
Other Compensation. FFS’ sales representatives and their managers may be eligible for various cash benefits, such as production incentive bonuses for the sale of non-variable insurance products we issue, insurance benefits and financing arrangements.
Item 35.
Location of Accounts and Records
All accounts and records required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the rules thereunder (including Rule 38a-1) are maintained by Farmers New World Life Insurance Company at 12822 SE 32nd Street, Suite 2, Bellevue, WA 98005, and at Infosys McCamish Systems, LLC, Insurance Administrators, 3225 Cumberland Blvd SE, Suite 700, Atlanta, GA 30339.
Item 36.
Management Services
All management contracts are discussed in Part A or Part B.
Item 37.
Fee Representation
Farmers New World Life Insurance Company hereby represents that the fees and charges deducted under the Policy, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by Farmers New World Life Insurance Company.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, Farmers Variable Life Separate Account A certifies that it meets all of the requirements for effectiveness of this registration statement under rule 485(b) under the Securities Act and has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Bellevue, and the State of Washington, on this 30th day of April, 2026.
 
 
 
 
FARMERS VARIABLE LIFE SEPARATE ACCOUNT A
(Registrant)
 
 
 
 
 
Attest:
/s/ Ian Macleod
 
 
 
By:
/s/ David Hernandez
 
 
 
Ian Macleod
 
 
David Hernandez
 
Attorney-in-Fact
 
 
Interim President
 
Security Life of Denver Insurance Company
 
 
Farmers New World Life Insurance Company
 
 
 
 
 
 
 
FARMERS NEW WORLD LIFE INSURANCE
COMPANY (Depositor)
 
 
 
 
 
Attest:
/s/ Ian Macleod
 
 
 
By:
/s/ David Hernandez
 
 
 
Ian Macleod
 
 
David Hernandez
 
Attorney-in-Fact
 
 
Interim President
 
Security Life of Denver Insurance Company
 
 
Farmers New World Life Insurance Company
Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment No. 30 to the registration statement has been signed by the following persons in the capacities and on the dates indicated.
 
Signature
Title
 
 
/s/ David Hernandez
 
 
David Hernandez
Director, Chairman of the Board and Interim President
   
/s/ Clay Callahan
 
 
Clay Callahan
Chief Financial Officer
   
/s/ Nick Shappie
 
 
Nick Shappie
Controller
   
*/s/ David Travers
 
 
David Travers
Director
   
*/s/ Scott Stoll
 
 
Scott Stoll
Director
   
*/s/ Annette Thompson
 
 
Annette Thompson
Director
   
*/s/ Warren Tucker
 
 
Warren Tucker
Director
   
*/s/ John Griek
 
 
John Griek
 
*/s/ Ian Macleod
 
 
* Ian Macleod
Director
 
 
*On April 30, 2026 as Attorney-In-Fact pursuant to Powers of Attorney filed herewith or by previous amendment
 
EXHIBIT INDEX
 
Exhibit (g)(3)
Commutation and Release Agreement between Farmers New World Life Insurance Company and Zurich Insurance Company, Ltd. dated as of August 1, 2023.
 
 
Exhibit (g)(4)
Coinsurance and Modified Coinsurance Agreement between Farmers New World Life Insurance Company and Security Life of Denver Insurance Company effective August 1, 2023.
 
 
Exhibit (j)(1)
Power of Attorney
 
 
Exhibit (k)(1)
Opinion of Ian Macleod, Attorney-in-Fact
 
 
Exhibit (n)(1)
Consent of Independent Registered Public Accounting Firm





Farmers New World Life Insurance Company
(A wholly owned subsidiary of Farmers Group, Inc.)
Statutory Financial Statements
December 31, 2025, and 2024 and
For the Years Ended December 31, 2025, 2024
and 2023
And Supplemental Schedules
As of and for the Year Ended December 31, 2025



Farmers New World Life Insurance Company
(A wholly owned subsidiary of Farmers Group, Inc.)
Index
December 31, 2025, 2024 and 2023



Page(s)
Report of Independent Auditors……………………………………………………………………………...1–2
Statutory Financial Statements
Statutory Statements of Admitted Assets, Liabilities and Capital and Surplus............................ ................3
Statutory Statements of Operations ...............................................……………...........................................4
Statutory Statements of Changes in Capital and Surplus............................................................................5
Statutory Statements of Cash Flows............................................................................................................6
Notes to Statutory Financial Statements................................................................................................7– 46





Ernst & Young LLP
55 Ivan Allen Jr. Blvd.
Suite 1000
Atlanta, GA 30308
  
Tel: +1 404 874 8300
Fax: +1 404 814 4301
ey.com


Report of Independent Auditors


The Board of Directors
Farmers New World Life Insurance Company

Opinion

We have audited the statutory-basis financial statements of Farmers New World Life Insurance Company (the Company), which comprise the statutory statements of admitted assets, liabilities, and capital and surplus as of December 31, 2025 and December 31, 2024, and the related statutory statements of operations, changes in capital and surplus and cash flows for each of the three years ended December 31, 2025, and the related notes to the financial statements (collectively referred to as the “financial statements”).

Unmodified Opinion on Statutory Basis of Accounting

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2025 and December 31, 2024, and the results of its operations and its cash flows for each of the three years ended December 31, 2025, on the basis of accounting described in Note 2.

Adverse Opinion on U.S. Generally Accepted Accounting Principles

In our opinion, because of the significance of the matter described in the Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles section of our report, the financial statements do not present fairly, in accordance with accounting principles generally accepted in the United States of America, the financial position of the Company at December 31, 2025 and December 31, 2024, or the results of its operations or its cash flows for each of the three years ended December 31, 2025.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles

As described in Note 2 to the financial statements, the Company prepared these financial statements using accounting practices prescribed or permitted by the Washington State Office of the Insurance Commissioner, which is a basis of accounting other than accounting principles generally accepted in the United States of America. The effects on the financial statements of the variances between these statutory accounting practices described in Note 2 and accounting principles generally accepted in the United States of America, although not reasonably determinable, are presumed to be material and pervasive.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with the accounting practices prescribed or permitted by the Washington State Office of the Insurance Commissioner. Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for one year after the date that the financial statements are issued.

Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:

•
Exercise professional judgment and maintain professional skepticism throughout the audit.
•
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
•
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. Accordingly, no such opinion is expressed.
•
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
•
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
April 24, 2026




                                                                         




Farmers New World Life Insurance Company
(A wholly owned subsidiary of Farmers Group, Inc.)
Statutory Statements of Admitted Assets, Liabilities and Capital and Surplus
December 31, 2025, and 2024


The accompanying notes are an integral part of these statutory financial statements.


Farmers New World Life Insurance Company
(A wholly owned subsidiary of Farmers Group, Inc.)
Statutory Statements of Operations
Years Ended December 31, 2025, 2024 and 2023







The accompanying notes are an integral part of these statutory financial statements



Farmers New World Life Insurance Company
(A wholly owned subsidiary of Farmers Group, Inc.)
Statutory Statements of Changes in Capital and Surplus
December 31, 2025, 2024 and 2023


The accompanying notes are an integral part of these statutory financial statements

1



Farmers New World Life Insurance Company
(A wholly owned subsidiary of Farmers Group, Inc.)
Statutory Statements of Cash Flows
December 31, 2025, 2024 and 2023



The accompanying notes are an integral part of these statutory financial statements




Farmers New World Life Insurance Company
(A wholly owned subsidiary of Farmers Group, Inc.)
Notes to Statutory Financial Statements
Year Ended December 31, 2025

1.
Nature of Operations
The Company
The accompanying financial statements include the accounts of Farmers New World Life Insurance Company (the “Company”), a wholly owned subsidiary of Farmers Group, Inc. (“FGI”), whose ultimate parent is Zurich Insurance Group Ltd (“ZIG”). FGI has attorney-in-fact relationships with three inter-insurance exchanges: Farmers Insurance Exchange, Fire Insurance Exchange, and Truck Insurance Exchange (the “Exchanges”).
The Company is a stock life insurance company domiciled in the state of Washington and is subject to regulation by the Washington State Office of the Insurance Commissioner (“OIC”). It is also subject to regulation by the states in which it transacts business.
Nature of Operations
The Company concentrates its sales activities in the individual life insurance markets.  Principal lines of business include traditional term and whole life products as well as indexed universal life products.
The Company and the Exchanges operate using federally registered trade names, including Farmers Insurance Group of Companies, Farmers Insurance Group, Farmers, Farmers New World Life and Farmers Life. The Company and the Exchanges distribute their respective insurance products through a common network of direct writing agents and district managers. Each agent is required to first submit business to the insurers in the Farmers Insurance Group of Companies within the classes and lines of business written by such insurers. The Company is currently licensed in 49 states and the District of Columbia.
Business Risks
The Company operates in a business environment that is subject to various risks and uncertainties, including but not limited to, mortality risk, market risk, interest rate risk and legal and regulatory changes. The Company is subject to various state and federal regulatory authorities. The potential exists for changes in regulatory initiatives that could result in additional, unanticipated expenses to the Company.
Existing federal laws and regulations affect the taxation of life insurance products and insurance companies. There can be no assurance as to what, if any, future legislation might be enacted, or if enacted, whether such legislation would include provisions with possible negative effects on the Company’s life, accident and health or annuity products.
2.
Summary of Significant Accounting Policies
Basis of Presentation
The financial statements have been prepared in conformity with accounting practices prescribed or permitted by the OIC.
The OIC only recognizes statutory accounting practices prescribed or permitted by the State of Washington for reporting the financial condition and results of operations of an insurance company for the purposes of determining its compliance with the Washington Insurance Law. The National
Association of Insurance Commissioners’ (“NAIC”) Accounting Practices and Procedures Manual (“AIC SAP”) has been adopted as a component of prescribed or permitted practices by the State of Washington. The Commissioner of Insurance of the OIC has the power to permit other specific practices that may deviate from prescribed practices.
For the December 31, 2023, reporting period, The Company received approval for a permitted practice from the OIC to fully amortize the reinsurance gains the Company was holding in special surplus.  As illustrated in Appendix 791 on life and health reinsurance agreements, the after-tax gains from a reinsurance transaction are to be amortized over the profits that emerge on the reinsured block of business with a corresponding decrease in special surplus.  This permitted practice differs from this accounting practice by allowing the Company to fully recognize the $1.6B of special surplus immediately through line 6 of page 4 with a zero net impact on overall surplus as noted in the table below.  The Company’s risk-based capital would not have triggered any regulatory event in the absence of this permitted practice, and this permitted practice is only allowed for the year-end 2023 reporting period.
The effects on the financial statements of the variances between statutory basis of accounting and accounting principles generally accepted in the United States of America, although not reasonably determinable, are presumed to be material. Statutory accounting practices differ from Generally Accepted Accounting Principles (“GAAP”) in the following respects (italicized items):
Investments
Investments in bonds are stated at amortized cost or at values required by the NAIC. Under GAAP, bonds are carried at fair value or amortized cost based upon management’s intent as to whether bonds are available for sale, will be held until maturity or are available for trading.
Asset Valuation Reserve
The asset valuation reserve (“AVR”) is determined by NAIC prescribed formulas, which establish a provision for the risk of asset defaults and is reported as a liability with changes recorded directly to unassigned surplus.  Under GAAP, no such liability is established.
Interest Maintenance Reserve
An interest maintenance reserve (“IMR”) is provided as required by the NAIC in order to defer certain realized investment gains and losses, net of tax, related to interest rate fluctuations, and to amortize such gains and losses through operating income over the remaining life of the securities sold. Any net unamortized deferred losses are non-admitted and charged directly to unassigned surplus. Reporting entities are permitted to admit its negative IMR up to 10% of the Company’s adjusted capital and surplus. The Company elected to fully admit its negative IMR balance of $20,975,000 and $26,754,000 as of December 31, 2025, and 2024, respectively.  Fixed income investments generating IMR losses comply with the reporting entity’s documented investment or liability management policies. Asset sales that were generating admitted negative IMR were not compelled by liquidity pressures. The admitted negative IMR is reported in other assets section of the Statement of Admitted Assets. No such reserve is required by GAAP.
Life Policy and Contract Reserves
Life policy, annuity and contract reserves under statutory accounting practices are based on statutory mortality, morbidity, and interest requirements without consideration of withdrawals and Company experience, unless annual asset adequacy analysis reveals the need to hold reserves in excess of the normal statutory reserves. One exception to this relates to deficiency reserves for certain term insurance plans issued on or after January 1, 2000, while another relates to Principles-Based Valuation for Life Products as required under VM-20 for plans issued on or after January 1, 2017, and for Variable Annuity products as required under VM-21. A third exception is the reserve held in accordance with SSAP A-791 Paragraph 2 due to reinsurance expense allowances not being sufficient to cover anticipated allocable direct renewal expenses. All three exceptions are mentioned in the Aggregate Reserves for Life and Annuity Policies section below.
Acquisition Costs
Under statutory accounting practices, costs of acquiring new business are charged to operations in the year such costs are incurred. Under GAAP, costs related to the successful acquisition of new business are deferred and amortized on a constant level basis.
Recognition of Revenue and Related Expenses
Under statutory accounting practices, life premiums are recognized as income over the premium-paying period of the related policies. Annuity considerations are recognized as revenue when received. Accident and health premiums are earned ratably over the terms of the related insurance policies or reinsurance contracts. Deposits received on contracts that do not incorporate policyholder mortality or morbidity risks are recorded directly to liability for deposit-type contracts. Interest credited to deposit-type contracts is recorded as an expense in the statement of operations when earned under the terms of the contract. Expenses incurred in connection with acquisition of new insurance business, including acquisition costs such as sales commissions, are expensed as incurred in the statement of operations. Under statutory accounting practices, deferred premiums, representing gross premiums less loading, are reported as an admitted asset.
For GAAP purposes, premiums for traditional life insurance products, which include those products with fixed and guaranteed premiums and benefits and consist principally of whole and term life insurance policies, are recognized as revenues when due. Under GAAP, revenues for universal life insurance policies and for investment products consist of policy charges for the cost of insurance, policy administration charges, and surrender charges assessed against policyholder account balances, benefit claims incurred in excess of policy account balances and commissions and expense allowances on reinsurance assumed. Under STAT, revenues also include commissions and expense allowances on reinsurance ceded. Under GAAP, uncollected premiums are stated at gross amounts and deferred premiums are reflected as a reduction of the related aggregate reserve.
Reinsurance
Under statutory accounting practices, ceded reserves are netted with direct reserves within the aggregate reserve lines on the balance sheet.  Reinsurance recoverable on unpaid claims on reinsured business are netted in the contract claims line on the balance sheet. Under GAAP, these reinsurance amounts are reflected as assets.
Under statutory accounting practices, reinsured commissions are reported with expense allowance within the revenue section of the summary of operations.  Under GAAP, reinsured commissions are netted against direct commissions within expenses.
Federal Income Taxes
Under statutory accounting practices, deferred income taxes are provided for temporary differences between the financial statement and tax bases of assets and liabilities at the end of each year based on enacted tax rates. Deferred income tax assets are reduced by a valuation allowance if it is more likely than not some portion or all of the deferred tax assets will not be realized. In addition to a valuation allowance, statutory accounting limits deferred tax assets to their admissible amount according to a prescribed formula. Changes in deferred income tax assets and liabilities are reported as adjustments to surplus. Under GAAP, changes in deferred income taxes are included in income tax expense or benefit and are allocated to continuing operations, discontinued operations, extraordinary items and items charged directly to shareholders equity consistently with the pre-tax income item to which they relate.
Nonadmitted Assets
Under statutory accounting practices, assets are reported at admitted assets values and nonadmitted assets are excluded through a charge against surplus. GAAP purposes, the nonadmitted balances of these assets are included in the balance sheet.  Nonadmitted assets, such as electronic data processing equipment and software, furniture and equipment, receivables over 90 days past due and certain deferred tax assets, are considered nonadmitted assets for statutory purposes as they may not be fully realizable at their carrying values in a liquidation scenario and, therefore, these nonadmitted assets and any changes in such assets are charged directly to unassigned surplus. As of December 31, 2025, and 2024, the total nonadmitted assets are $83,886,000 and $68,897,000, respectively.
Separate Accounts
Separate accounts assets are carried at fair value. Separate accounts liabilities represent the contract holders’ claims to the related assets. Investment income and realized capital gains and losses of the separate accounts accrue directly to the contract holders and, therefore, are not included in the Company’s statutory basis statements of operations. Under GAAP these investment amounts and resulting changes in separate account liabilities are shown net of applicable fees. Mortality, policy administration, and surrender charges to all accounts are included in the revenues of the Company and do not differ from GAAP.
The Company is licensed to issue variable universal life (“VUL”) and deferred variable annuity contracts although it suspended issuance of “new” VUL and variable annuities, effective February 28, 2024, and September 30, 2012, respectively. The assets and liabilities held for VUL, Farmers EssentialLife VUL, Life Accumulator VUL and deferred variable annuity contracts are held in the Separate Accounts (the “Accounts”), which are legally segregated from the general assets of the Company.
Please see Note 13 for additional information on separate accounts.
Statements of Cash Flows
The statutory basis statement of cash flows is presented as required under statutory accounting principles and differs in certain respects from the GAAP presentation.
Use of Estimates
The preparation of financial statements in conformity with accounting practices prescribed or permitted by the OIC requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Aggregate Reserves for Life and Annuity Policies
Life reserves are based on mortality tables approved by the NAIC using statutory specified interest rates and valuation methods that provide, in the aggregate, reserves that are greater than or equal to the minimum required by the OIC.
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Reserves for life insurance are based on the American Experience, 1941, 1958, 1980, 2001, or 2017 Commissioner’s Standard Ordinary (“CSO”) and Commissioners Extended Term (“CET”) mortality tables with interest rates from 0.00% to 5.50%. For certain term insurance plans issued on or after January 1, 2000, the Company calculates deficiency reserves using valuation mortality rates representative of actual Company experience, as permitted by the Valuation of Life Insurance Policies Model Regulation of the NAIC. For term life insurance policies issued on or after January 1, 2017, and all other life insurance policies issued after January 1, 2020, the Company calculates Principles- Based Reserves using Company experience, as required in VM-20. There is an exception for some plans that pass the exclusion tests as defined in VM-20. Additionally, a reserve is held per SSAP A- 791 Paragraph 2 due to reinsurance expense allowances not being sufficient to cover anticipated allocable direct renewal expenses; this calculation uses Company experience.
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Reserves for fixed deferred annuities are based on 1971 Individual Annuity Mortality (“IAM”), 1983 Table A, Annuity 2000, or 2012 IAR mortality tables with interest rates from 3.50% to 6.00%.
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For variable deferred annuities, the Company calculates Principles-Based Reserves using Company experience, as required in VM-21.
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Reserves for equity-indexed annuities are based on 1983 Table A or Annuity 2000 mortality tables with interest rates from 4.50% to 5.50%.
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Reserves for immediate annuity contracts, other than structured settlements, are based on the Annuity Table for 1949, 1971 IAM, 1983 Table A, Annuity 2000, or 2012 IAR mortality tables with interest rates from 1.75% to 5.25%. For immediate annuities issued on or after January 1, 2018, the Company uses valuation interest rates as prescribed in VM-22.
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Reserves for structured settlement annuities are based on the 1983 Table A mortality table with interest rates from 4.75% to 7.00%. The reserves held for structured settlement annuity contracts with a substandard rating are based on a rated age approach and are compliant with the approach specified by Actuarial Guideline 9A of the NAIC.
The Company waives deduction of deferred fractional premiums upon the death of the insured. For all plans, with the exception of its universal life plans, any portion of the final premium beyond the month of death is returned. For universal life plans, premiums beyond the date of death are not refunded. Surrender values are not promised in excess of the legally computed reserves.
For certain universal life policies, reserves for substandard lives are not separately identified and are calculated in the aggregate. For all other life policies, substandard lives are charged an extra premium plus the regular gross premium for the rated issue age. For the Farmers Level Term 2000 plan group, the Farmers Value Term group, and Farmers Term Life, the reserve is the standard interpolated terminal reserve at the rated age, plus the regular net unearned premium reserve at the rated age, plus an additional gross unearned premium reserve using the substandard extra premium charge for the premium payment mode. For all other plan groups, mean reserves are determined by computing the regular mean reserve for the plan at the rated age and holding, in addition, a substandard reserve of one-half of the annualized substandard extra premium charge. The reserves held for structured settlement annuity contracts with a substandard rating are based on a rated age approach.

As of December 31, 2025, and 2024, the Company had approximately $2,335,590,000 and $2,480,603,000 respectively, of insurance in force for which the gross premiums are less than the net premiums according to the standard valuation set by the OIC. The premiums deficiency reserve amount is $12,239,000 before reinsurance and $0 after reinsurance. Company does not utilize anticipated investment income as a factor in the premium deficiency calculation.

As of December 31, 2025, and 2024, the total in force for which VM-20 deterministic/stochastic reserves are calculated are $113,417,517,000 and $106,525,819,000 respectively. The excess VM- 20 deterministic/stochastic reserve over NPR after reinsurance are $69,324,000 for 2025, and $112,118,000 for 2024.

As of December 31, 2025, and 2024, the reserves required by SSAP A-791 Paragraph 2 due to insufficient reinsurance expense allowances are $18,116,000 and $19,421,000 respectively.

As all policies at the Company are 100% ceded, the reserves held by the company after reinsurance is due to the shortfall between expenses and reinsurance expense allowances, with amounts required from SSAP A-791 Paragraph 2, VM-20, and VM-21.

For tabular interest on annuities involving life contingencies, the tabular less actual reserve released, and the tabular cost have been determined by formula. For annuities and other deposits not involving life contingencies the tabular interest was determined by one of the following methods: 1) serially using the actual interest credited to funds on deposit for the year, or 2) estimated in the aggregate from the beginning and the ending balances, assuming a uniform distribution of cash flows during the year, and the average statutory valuation interest rate.

Excess of Minimum Reserves
As of December 31, 2025, the only life insurance plan written after January 1, 2001, for which the statutory reserve basis is specifically selected to be more conservative than specified in Appendix A-820 is the Farmers Graded Death Benefit Whole Life product (FGDBWL). The mortality assumption used in the statutory reserve calculation is the 1980 CSO ALB Ultimate mortality, rather than the 2001 CSO ALB Select & Ultimate mortality; and the 2017 GI ALB Ultimate mortality, rather than the 2017 CSO ALB Select & Ultimate mortality.

As of December 31, 2025, the FGDBWL statutory reserves net of deferred and uncollected premiums is
$35,447,000. If they had instead been calculated using 2001 CSO ALB Select & Ultimate mortality and 2017 CSO ALB Select & Ultimate mortality, the amount would be $32,169,000 or $3,278,000 lower.

To comply with VM-20 Section 3.C.1.g, scalars are applied to the valuation mortality for standard non-smoker classes of the following plans: Backbook Farmers Term Life – 135% for Male, 120% for Female; Farmers Value Term – 120% for Male, 110% for Female; Farmers Essential Life Universal Life and Backbook Farmers Index Universal Life – 120% for Male and Female. A 140% scalar is applied for all classes of Farmers Essential Simple Whole Life. An additional 125% scalar is applied to the valuation mortality for all FVT policies that used accelerated underwriting. A 120% scalar is applied for the Male standard non-smoker class of VUL, Female non-smokers have no additional scalar. A 116% scalar is applied for the Male standard non-smoker inbound class of Front-book Farmers Term Life and Term Return of Premium, and a 107% scalar is applied for the Male standard non-smoker outbound class of Front-book Farmers Term Life and Term Return of Premium, Female non-smokers have no additional scalar. A 101% scalar is applied for the Male standard non-smoker inbound class of Front-book Farmers Index Universal Life, Female non-smokers have no additional scalar. An additional 130% scalar is applied for conversion policies. Scaled mortality rates are capped at 1,000 per unit. All classes of Simple Term have a scalar of 200% applied to valuation mortality for Male and Female, capped at the 2017 CSO GI (Loaded) Ultimate rates.
Unpaid Loss/Claim Adjustment Expenses
The Company accrues an operating expense for the cost of settling benefit claims incurred in the current period, with settlement in future periods. The estimate is based upon the time duration of expected transactions and the total expected costs of settlement, including overhead expenses for each transaction. The balance in the liability for the unpaid loss/claim adjustment expense as of December 31, 2025, and 2024, was approximately $370,000 and $230,000, respectively.
Reinsurance
Premiums, commissions, expense reimbursements, benefits and reserves related to reinsured business are accounted for on bases consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts. Premiums ceded to other companies have been reported as a reduction of premium income. Commissions ceded to other companies have been reported as income with the expense allowance in the revenue section of the summary of operation.  Amounts applicable to reinsurance ceded for future policy benefits, unearned premium reserves and claim liabilities have been reported as reductions of these items.
Investments
Investments are valued as prescribed by the NAIC and as required by the OIC. Security transactions are recorded on a trade date basis, and private placements are recorded on a funding date basis. Investments are recorded on the following bases:
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Bonds – Bonds are classified as Issuer Credit Obligations (ICO) and Asset-backed securities (ABS). Bonds with NAIC designations of 1 through 5 are carried at amortization cost, while bonds with NAIC designation of 6 are carried at the lower of amortization cost or fair value.
For ICOs, premiums and discounts are amortized using the interest (constant yield) method on a prospective basis. A yield-to-worst amortization approach is applied, which considers contractual call provisions and sinking fund features, as applicable.
ABS are amortized using the interest method based on estimated cash flows that incorporate anticipated prepayments as of the date of purchase. Prepayment assumptions are obtained periodically, as required by SSAP No. 43, from broker-dealer surveys or internal estimates, and reflect prevailing interest rate and economic conditions. Significant changes in estimated cash flows from the original purchase assumptions are accounted for using the prospective method.
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Unaffiliated common stocks- at fair value. In determining the estimated fair value disclosed for these securities, management obtained quotations from independent sources, generally pricing services.
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Real estate, including related improvements–at the depreciated historical cost or market if impaired. This invested asset is comprised of the following classifications: held for production of income, held for own use, and held for sale. Held for sale properties are carried at lower of depreciated cost or fair value, less encumbrances and estimated costs to sell the property. Depreciation is computed on a straight-line basis over the estimated useful life of the acquired assets. Independent appraisals are obtained at least every three years on investment held for production of income and held for sale. If fair value is less than book value and the amount is deemed non-recoverable, an impairment loss is recognized. These properties are accounted for under NAIC Statement of Statutory Accounting Principles (“SSAP”) 40R.
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Contract loans–at unpaid balances, not in excess of policy cash surrender value.
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Short-term investments – at cost or amortized cost.
Realized gains and losses on sales of investments, recognized in the statement of operations, are determined based on the sale price, and carrying value of the specific security.
Changes in interest rates have a direct, inverse impact on the fair value of fixed income investments. It is reasonably possible that changes in interest rates will occur in the near term and could, as a result of such changes, have a material impact on the fair value of fixed income investments. If a decline in the fair value of an individual investment, except for loan-backed securities, is considered to be other-than-temporary, the difference between amortized book value or original cost and fair value is recorded as a realized investment loss. If the fair value of loan‑backed securities declines below its amortized cost basis, the Company determines whether the decline is other-than-temporary. Loan-backed securities with evidence of deterioration of credit quality and for which it is probable that the Company will be unable to collect all contractually required payments receivable, are written down to the present value of cash flows expected to be received.
Accrued Investment Income
Investment income due and accrued with amounts over 90 days past due are nonadmitted.
Federal Income Taxes
The Company has applied the SSAP No. 101, “Income Taxes.” Income tax incurred is recognized by applying the enacted income tax law. Deferred income taxes are provided for temporary differences between the financial statement and tax bases of assets and liabilities at the end of each year based on enacted tax rates. Changes in admitted deferred income tax assets and liabilities are recognized as adjustments to surplus. Deferred tax assets are first subjected to a valuation allowance assessment and then are admitted to the extent they meet specific criteria but are limited to the amount of gross deferred tax assets expected to be reversed within a limited time period and are limited to a percentage of adjusted capital and surplus. The reversal and surplus limitation parameters in the admission tests are determined based on the risk-based capital levels.
Leases
The Company has long-term lease commitments with options to renew at the end of the lease periods. Operating lease payments are charged to the income statement in the period in which they are incurred. On June 18, 2025, the Company early terminated its Bellevue office building lease, which will expire June 30, 2026. The Company paid $3,152,000 in pre-tax early termination fees. See Note 12 for additional information on lease commitments.
Death, Disability and Other Benefits
Death and disability benefits represent the estimated ultimate net cost of all reported and unreported claims incurred through year end. Such estimates are based on projections applied to historical claim payment data.
Electronic Data Processing Equipment and Software
Depreciation on electronic data processing (EDP) equipment and software, a non-admitted asset, is calculated using the straight-line basis over 3 years. Gross EDP equipment and software, accumulated depreciation and net admitted assets for December 31, 2025, and 2024, are as follows:
Depreciation expense on EDP equipment and software assets was $1,406,000, $3,000, $251,000 and for the year ended December 31, 2025, 2024, and 2023, respectively, and has been included in general insurance expenses.
Financial Instruments and Concentrations of Credit Risk
The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash, investments, and reinsurance receivables and payables.
The Company cedes insurance risk to various reinsurance companies that have low default risk based on different rating agencies risk assessments. The Company’s management reviews the financial strength of its reinsurers at the inception of a reinsurance contract and periodically thereafter for the purpose of assessing the financial ability of the reinsurers to perform. Management believes that its reinsurers have the financial strength to perform on their financial obligations.
The Company places its cash with high credit quality institutions. At times, such amounts may be in excess of the FDIC insurance limits. Management believes that risk with respect to these balances is minimal, due to the high credit quality of the depositories.
The Company invests in high quality securities with no significant concentration of risk.
Accounting Changes and Corrections of Errors
At March 31, 2024, the Company included a SSAP No. 3 Accounting Changes and Corrections of Errors adjustment on page 4 Line 5301 Column 1 in the amount of $5,602,000 net of tax to correct a prior year error in the calculation of Commissions.

Change in Valuation Basis
There were no changes in reserve valuation basis for 2025.
Statements of Cash Flows
For purposes of the statement of cash flows the following are included: cash, cash equivalents and short-term investments. Cash equivalents consist of money market funds and fixed income securities with maturities of 3 months or less. Short-term investments consist of fixed income securities that do not qualify as cash equivalents and have a remaining maturity of 12 months or less.
3.
Investments
The components of investment income by type of investment for the years ended December 31, 2025, 2024, and 2023 are as follows:
Investment expenses included the following fees paid to the Company’s various affiliated investment managers:
In 2025, 2024, and 2023, the Company’s investment expense included fees of approximately $193,000, $234,000 and $353,000, respectively, to its Parent Company, FGI.
In 2025, 2024, and 2023, the Company’s investment expenses included fees of approximately $123,000, $51,000 and $331,000, respectively, to Zurich Investment Services.
In 2025, 2024, and 2023, the Company’s investment expenses included fees of approximately $2,200,000, $1,930,000, $2,315,000, respectively, to Zurich Global Investment Management.
In 2025, 2024, and 2023, the Company’s investment expenses included fees of approximately ($104,000), $521,000 and $713,000, respectively, to Zurich Alternative Asset Management.
Interest Income Due and Accrued
The gross, non-admitted and admitted amounts for interest income due and accrued as of December 31,
2025, 2024, and 2023 are as follows:

Realized Gains and Losses
Realized gains and losses on sales, redemptions and impairments of investments are determined based on the actual cost of the securities. Realized investment gains and losses for the years ended December 31, 2025, 2024, and 2023 are as follows:
Impairment losses included in realized gains and losses above were $0, $17,217,000 and $3,445,000 for the years ended December 31, 2025, 2024, and 2023, respectively.
Unrealized Gains and Losses on Fixed Maturities
Amortized cost, gross unrealized gains, gross unrealized losses, fair value of fixed maturities and equity securities as of December 31, 2025, and 2024 are as follows:
         
                     
Unrealized Losses on Fixed Maturities and Equity Securities
Fair value and gross unrealized losses of fixed maturities and equity securities as of December 31, 2025, and 2024 were as follows:
              
Fixed maturities represented 100% of the Company’s total unrealized loss amount, which comprised of 269 and 166 securities as of December 31, 2025, and 2024, respectively.
Fixed maturities in an unrealized loss position for less than 12 months were comprised of 225 and 9 securities, with total fair values of approximately $51,859,000 and $121,647,000 as of December 31, 2025, and 2024, respectively. Most of these securities are investment grade fixed maturities that have decreased in fair values due to changes in interest rates since the date of purchase.
Fixed maturities in an unrealized loss position for 12 months or more were comprised of 44 and 100 securities, with total fair values of approximately $52,881,000 and 132,535,000 as of December 31, 2025, and 2024, respectively. The decline in market value for these securities is primarily attributable to changes in interest rates. A variety of data is reviewed, including the aging and severity of unrealized losses; watch lists distributed by the asset managers, deviations in market prices between months, and results of tests indicating if any bond holdings with unrealized losses have a credit rating below investment grade for 12 consecutive months. If a fixed maturity security, except for asset-backed securities, is deemed other-than-temporarily impaired, then the security’s book value basis is written down to current market value with the Company recognizing an impairment loss in current period’s earnings.
Because the decline in market value is attributable to changes in interest rates and not credit quality and because the Company has the ability and intent to hold the fixed income investments until a recovery of fair value, which may be maturity, the Company does not consider these investments to be other-than-temporarily impaired as of December 31, 2025, and 2024, respectively
Asset-Backed Securities
There were no asset-backed securities impaired during 2025 and 2024 due to intent to sell or inability or lack of intent to retain the security for a period of time sufficient to recover the amortized cost basis. Asset-backed securities with evidence of deterioration of credit quality for which it is probable that the Company will be unable to collect all contractually required payments receivable, are written down to the present value of expected cash flows to be received. In determining the impairments for asset-backed securities, a review of default rate, credit support and other key assumptions is made on the security level.

Prepayment Penalty and Acceleration Fees
For securities sold, redeemed or otherwise disposed as a result of a callable feature, the following table discloses the number of CUSIPs sold, redeemed or otherwise disposed and the aggregate amount of investment income generated as a result of a prepayment penalty and/or acceleration fee for the years ended December 31, 2025, and 2024 are as follows:



Subprime Mortgage Related Risk Exposure
The Company has no direct exposure through investments in subprime mortgage loans.
5GI Securities
The Company does not have any 5GI securities as of December 31, 2025, and 2024.
Maturities of Bonds
The amortized cost and fair value of bonds and short-term investments, by contractual maturity, at December 31, 2025, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalty:
Sales of Bonds and Common Stocks
The gross gains, gross losses and proceeds from sales on bonds and common stocks for the years ended December 31, 2025, 2024, and 2023 are as follows:
Bonds with an amortized cost of approximately $5,299,000 and $5,253,000 were on deposit with regulatory authorities at December 31, 2025, and 2024, respectively, to satisfy regulatory requirements. The fair value of these securities was approximately $3,866,000 and $3,662,000 as of December 31,2025, and 2024, respectively.
Commercial Mortgage Loans
As of December 31, 2025, the Company no longer has any investment in mortgage loans. The Company disposed of all mortgage loans on November 1, 2023.
Real Estate
Real estate investments at December 31, 2025, and 2024 were as follows:
The Company establishes wholly owned subsidiary single member LLC legal entities to invest in direct real estate properties held for the production of income. As of December 31, 2025, the Company owned the following legal entities: BOS Office 3, LLC and CHI Ind 6, LLC. The Company recognized $0, $17,217,000 and $3,445,000 impairments on real estate for the years ended December 31, 2025, 2024 and 2023, respectively. At December 31, 2025, BOS Office 3, LLC was classified as held for sale. During 2025, The Company sold one real estate property: Raleigh Office 2, LLC. The Company recognized a total capital loss of $2,205,245. Both the impairment loss and the net capital loss on disposal are reported in the Statement of Operations under net realized capital gains/(losses) net of taxes.
Restricted Assets
As of December 31, 2025, and 2024, total restricted assets amounted to $1,578,527,000 and $1,427,725,000 respectively. Of these assets, bonds and short-term investments on deposit were for state insurance departments to satisfy regulatory requirements.
4.
Fair Value of Financial Instruments
Included in various investment related line items in the financial statements are certain financial instruments carried at fair value on a recurring basis. Other financial instruments are periodically measured at fair value, such as when impaired, or, for certain bonds when carried at the lower of cost or market.
The Company’s financial assets and liabilities carried at fair value have been classified, for disclosure purposes, based on a hierarchy defined by SSAP No. 100R. The hierarchy gives the highest ranking to fair values determined using unadjusted quoted prices in active markets for identical assets and liabilities (Level 1) and the lowest ranking to fair values determined using methodologies and models with unobservable inputs (Level 3). An asset’s or liability’s classification is based on the lowest level input that is significant to its measurement. For example, a Level 3 fair value measurement may include inputs that are both observable (Levels 1 and 2) and unobservable (Level 3).
The levels of the fair value hierarchy are as follows:

 Level 1
Fair value measurements based on observable inputs that reflect quoted prices for identical assets or liabilities in active markets that the company has the ability to access at the measurement date. Level 1 securities include money market funds.

Level 2
Fair value measurements based on quoted prices in markets that are not active or significant inputs that are observable either directly or indirectly. Level 2 inputs include the following:
a.
Quoted prices for similar assets or liabilities in active markets.
b.
Quoted prices for identical or similar assets or liabilities in non-active markets.
c.
Inputs other than quoted market prices that are observable.
d.
Inputs that are derived principally from or corroborated by observable market data through correlation or other means.

Level 3
Fair value measurements based on valuation techniques that require significant inputs that are both unobservable and significant to the overall fair value measurement. These measurements include circumstances in which there is little, if any, market activity for the asset or liability and reflect management’s own judgments about the assumptions a market participant would use in pricing the asset or liability.
There were no revisions to the Company’s fair value level classifications policy for 2025 or 2024.
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table provides information as of December 31, 2025, and 2024 about the Company’s financial assets measured at fair value:
Level 1 Financial Assets
Separate Account Assets
Fair values and changes in the fair values of separate account assets generally accrue directly to the contract holders and are not included in the Company’s revenues and expenses or surplus.
Separate account assets in Level 1 include actively traded institutional and retail mutual fund investments valued by the respective mutual fund companies.
Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis
There were no changes in assets classified as Level 3 for the years ended December 31, 2025, and 2024.
Policy on Transfers In and Out of Level 3
At the end of each reporting period, the Company evaluates whether or not any event has occurred, or circumstances have changed that would cause an investment to be transferred in or out of Level 3. There were no transfers in or out of Level 3 in 2025, and 2024.
Fair Values of Financial Instruments and its Level within the Fair Value Hierarchy
The following tables provide information as of December 31, 2025, and 2024 about the fair values of the Company’s financial instruments and their levels within the fair value hierarchy.

The following methods and assumptions were used to estimate the fair value of financial instruments as of December 31, 2025, and 2024:
Bonds
The fair values of bonds are valued using quoted market prices from third party sources. If quotes from these sources were not available, a broker dealer estimate was used. Unless representative trades of securities actually occurred at year end, these quotes are generally estimates of market value based on an evaluation of appropriate factors such as trading in similar securities, yields, credit quality, coupon rate, maturity, type of issues and other market data. Major inputs include yield curves, yields, and expected future cash flows. Level 3 bonds consist of non-agency mortgage-backed securities with significant unobservable inputs.
Receivables/Payables for Securities
The fair value for receivables/payables for securities are based on quoted market prices from third party sources.
Cash, Cash Equivalents and Short-Term Investments
The costs of these items are a reasonable estimate of their fair value. The fair value of money market mutual funds are valued using net asset value (NAV).
Accrued Investment Income
The cost of accrued investment income approximates fair value unless otherwise noted.
Separate Accounts
The separate accounts assets are carried at fair value based on the reported NAV per share of the respective portfolios at December 31, 2025, and 2024. Accumulation values are computed daily based on the change in fair market value of the NAV of the subaccount less mortality and expense risk charges for the subaccount. The Company uses the value of the assets as a reasonable estimate of the value of the liabilities.
5.
Related Parties
The Company is a subsidiary of Farmers Group Inc (FGI), an insurance holding company domiciled in the state of Nevada. As the Parent Company, FGI performs legal, investment, and marketing services on behalf of the Company. Fees for these services are determined by using various cost allocation methods.
FGI has an agreement with the Company to provide sales and marketing, human resource, information technology, real estate, tax, payroll, investments, purchasing, warehousing, corporate legal and other services. Fees charged to the Company by FGI were approximately $33,509,000, $22,830,000, and $31,853,000, for the years ended December 31, 2025, 2024, and 2023, respectively, and are expensed as incurred.
The Exchanges have an agreement with the Company to provide distribution and other services. Fees charged to the Company by the Exchanges were approximately $18,625,000, $19,836,000, and $24,566,000 for the years ended December 31, 2025, 2024, and 2023, respectively, and are expensed as incurred.
MI Administrators, LLC is a wholly owned subsidiary of Farmers Insurance Group Leasing and was formed on September 24, 2008, under the laws of the State of Delaware. MI Administrators serves as a paymaster entity for the Company and affiliate entities and facilitates cash settlement of related party transactions in accordance with the State of Washington’s business and occupation regulations.
The Company has a service agreement with its affiliate, Zurich American Life Insurance Company (“ZALICO”), for the Company to perform administrative services reasonably necessary in the ordinary course of business, including but not limited to data processing, financial services, investment services, and certain other services as deemed necessary. The service agreement with ZALICO ended in 2024. Fees charged by the Company to ZALICO were approximately $0, $56,000, and $56,000, for the years ended December 31, 2025, 2024, and 2023, respectively and are expensed as incurred.
As part of a tax sharing agreement with FGI, FNWL remitted a net payment of $1,829,865 for the year ended December 31, 2025, and received a net refund of $8,375,000 for the year ended December 31, 2024. The prepayments were $0 and $500,000 for December 31, 2025, and December 31, 2024, respectively.
For information on investment fees paid to affiliates or affiliated investments, please refer to Note 3.
For information related to dividends paid to FGI, please refer to note 7.
For the period ended December 31, 2025, and 2024, the Company reported the following amounts due from or to related parties, excluding reinsurance related balances: (Please refer to Note 6 for reinsurance related balances.)
6.
Reinsurance
The Company assumes business from and cedes business to reinsurers to share risks under certain term, whole life, universal life and annuity policies for the purpose of reducing exposure to large losses.
Reinsurance ceded contracts do not relieve the Company from its obligations to policyholders. The Company remains liable to its policyholders for the portion reinsured to the extent that any reinsurer does not meet its obligations for reinsurance ceded to it under the reinsurance agreements. Failure of the reinsurers to honor their obligations could result in losses to the Company. Provisions are established for amounts deemed or estimated to be uncollectible. As of December 31, 2025, and 2024, no amounts have been recorded in relation to uncollectible reinsurance balances.
On May 17, 2023, the Company entered into an agreement with Security Life of Denver (“SLD”) effective August 1, 2023, to reinsure the remaining inforce life, A&H and annuity blocks of business of the Company. In connection with, and at the same time, the Company recaptured all reinsurance from its affiliate, Zurich Insurance Company (“ZIC”), and placed it with SLD. Specific to this reinsurance transaction with SLD, the Company ceded approximately $4.0 billion in assets and $5.2 billion in statutory reserves.
Effective September 22, 2025, the Company cedes 95% of contractual risk for new issues of term policies subject to simplified underwriting to ZIC. Effective October 11, 2025, the Company cedes 95% of contractual risk for new issues of indexed universal life polices subject to simplified underwriting to ZIC. Premiums ceded to ZIC approximated $1,171,000, $0, and $101,817,000 for the years ended December 31, 2025, 2024, and 2023, respectively. Claims ceded to ZIC were approximately $0, $0, and $58,948,000 for the years ended December 31, 2025, 2024, and 2023, respectively. Changes in reserves ceded to ZIC were approximately $11,000, $0 and ($1,587,178,000) for the years ended December 31, 2025, 2024, and 2023, respectively.
Premiums assumed from unaffiliated companies approximated $147,000, $180,000 and $165,000 for the years ended December 31, 2025, 2024, and 2023, respectively. Premiums ceded to unaffiliated companies approximated $1,186,960,000, $1,199,403,000 and $5,374,166,000 for the years ended December 31, 2025, 2024, and 2023, respectively. Claims assumed from unaffiliated companies approximated $75,000, $0 and $0 for the years ended December 31, 2025, 2024, and 2023, respectively. Claims ceded to unaffiliated companies were approximately $586,329,000, $576,295,000 and $387,550,000 for the years ended December 31, 2025, 2024, and 2023, respectively. Changes in reserves assumed from unaffiliated companies were approximately ($71,000), ($122,000), and ($64,000) for the years ended December 31, 2025, 2024, and 2023, respectively. Changes in reserves ceded to unaffiliated companies were approximately ($53,460,000), ($117,051,000) and $5,205,741,000 for the years ended December 31, 2025, 2024, and 2023, respectively.
The estimated amounts of aggregate reduction in surplus due to termination of all reinsurance agreements by either party as of December 31, 2025, and 2024 would be approximately $1,980,177,000 and $1,884,218,000, respectively.
As of December 31, 2025, there is a amount of Reserves ($92) for Covered Policies subject to the requirements of Actuarial Guideline XLVIII as defined in Section 4.B and per exemptions in Section 3.
Required Level of Primary Security ($000,000) as of 12/31/2025
Farmers
Term Life
Farmers Indexed Universal Life
Total
$ 0.00
$ 0.00
$ 0.00

7.
Surplus and Restrictions
Statutory surplus of approximately $464,358,000 and $506,598,000 as of December 31, 2025 and 2024, respectively, is the amount held for the benefit of the stockholder. The entire amount in 2025 and 2024 is designated as stockholder’s surplus for tax purposes and would not subject the Company to taxation if paid as a cash dividend.
The amount of dividends that can be paid by the Company to its stockholder without prior approval (or non-disapproval) of the OIC is limited to the lesser of: (i) 10% of its statutory earned surplus or (ii) the statutory net income before realized gains and losses from the preceding calendar year. All dividends paid during the preceding 12 month rolling period are considered for this calculation. Earned surplus consists of funds derived from any realized net profits and does not include unrealized capital gains or re-evaluation of assets. A dividend paid that does not meet the above specifications is defined in total as an “extraordinary dividend” and requires advance approval from the OIC. The maximum dividend payouts that could be made without prior approval of the OIC for the years 2026, and 2025 are $0 and $0, respectively. Dividends are approved by the board of directors.
On November 8, 2023, the Company declared extraordinary dividends in the amount of $1,200,000,000 that was paid to FGI on December 27, 2023, with the non-disapproval of the Washington Office of Insurance Commissioner.
8.
Employees’ Retirement Plans
Prior to January 1, 2009, FGI sponsored a qualified, noncontributory defined benefit pension plan where benefits were based on years of service and the employee’s compensation during the last five years of employment. Effective January 1, 2009, the Company transitioned to a Cash Balance Program. Under the Cash Balance Program, FGI makes regular contributions to the employee’s account. The amount of these contributions is based on a percentage of an employee base pay and will vary depending on an employee’s age and length of service. However, vested employees who were age 40 and over or who had 10 or more years of service as of December 31, 2008, were “grandfathered” in the previous Pension Program. This approach helped employees closer to retirement to maintain the full value of their anticipated pension benefit.
The FGI funding policy is to make sufficient contributions to the pension plan to fully provide for employees benefits at the time of retirement.
FGI announced on October 20, 2016, that it would freeze all pension plan benefits (final average earnings and cash balance formulas) effective December 31, 2018. The impacted employees kept all benefits accrued through December 31, 2018, but no longer accrue benefits after that date. As part of this change, starting January 1, 2019, FGI contributes an additional 4% of eligible pay to employees’ 401K Savings Plan as explained in note 9.
In addition, the Company provides post-retirement benefits to retired employees through a plan also sponsored by FGI. The Company has no legal obligation for benefits under these plans. FGI charges the Company an allocated share of such contributions based on characteristics of the population of plan participants.
The expenses allocated for pension and post-retirement benefit costs were approximately $297,000, $329,000, and $561,000 for the years 2025, 2024, and 2023, respectively. Pension plan and post-retirement plan assets and liabilities are carried by FGI.
9.
Employees’ Incentive Plans
Prior to January 1, 2009, FGI and its subsidiaries had two profit sharing plans providing for cash payments to all eligible employees, the Cash Profit Sharing Plan and Deferred Profit-Sharing Plan. Effective January 1, 2009, the Company transitioned from the two profit sharing plans to a 401K Savings Plan and the Short-Term Incentive Plan (“STIP”) award program.
The 401K Savings Plan includes a dollar-for-dollar Company match up to 6% of employees earned base pay. Vesting is immediate for employee contributions and employer match. Effective January 1, 2019, FGI contributes an additional 4% Company Base Contribution to employees 401(k) Savings Plan, regardless of employee contribution. Three years of eligible service is required to vest in the 4% Company Base Contribution. The cost to the Company for the 401(k) Savings Plan is included in the overhead and administrative charges paid by the Company to FGI.
The STIP program has two drivers. The award pool funding is determined by the Company meeting predetermined business performance metrics each year. Secondly, the pool is distributed based on annual individual performance ratings. The majority of Farmers employees participate in the STIP award program. Up to 85% of the award can be deferred into the Company’s 401K Savings Plan.
The Company’s share of expenses for the STIP award program for the years ended December 31, 2025, 2024, and 2023 was approximately $3,930,000, $3,682,000, and $4,946,000, respectively. Additionally, the Company’s contributions to the 401K Savings Plan totaled $2,525,000, $2,721,000 and $3,486,000 for the years ended December 31, 2025, 2024, and 2023 respectively.

10.
Federal Income Taxes
The components of the Company’s net deferred tax asset (“DTA”) / deferred tax liability (“DTL”) as of December 31, 2025, and 2024 are as follows:

The SSAP No. 101 admission calculation components are as follows:


The impacts of tax planning strategies on the Company’s DTAs are as follows:
The Company’s tax planning strategies do not include the use of reinsurance.
The Company is currently recognizing all deferred tax liabilities.
Current income taxes incurred for the years ended December 31, 2025, 2024, and 2023 consisted of the following major components:
The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities as of December 31, 2025, and 2024 were as follows:
The change in net deferred income taxes as of December 31, 2025, and 2024 was composed of the following:
The provision for federal income taxes incurred is different from that which would be obtained by applying the statutory federal income tax rate at 21% to income before income taxes. The significant items causing this difference are as follows:
As of December 31, 2025, the Company did not have any operating loss carry-forwards or capital loss carry forwards.
The following are income taxes incurred in the current and prior years that will be available for recoupment in the event of future net losses:
       
There were no deposits admitted under IRC §6603.


The Company’s federal income tax return is consolidated with the following entities, with Farmers Group, Inc. (d.b.a Farmers Underwriters Association) as the parent:
Farmers Group, Inc. (d.b.a. Farmers Underwriters Association)
Truck Underwriters Association
Fire Underwriters Association
FIG Holding Company
FIG Leasing Company, Inc.
Farmers Services Corporation
Farmers Underwriters Association
Farmers Reinsurance Company
Kraft Lake Insurance Agency, Inc.
Western Star Insurance Services, Inc.
Farmers General Insurance Agency, Inc
The method of allocation between the companies is subject to a written agreement, which has been approved by the Board of Directors. Allocation is based upon separate return calculations with an immediate benefit for a taxable loss which is utilized in the current year consolidated return. Intercompany tax balances are settled annually within 30 days after the filing of the consolidated federal income tax return, the payment of an estimated payment, an additional assessment of the consolidated tax liability, a refund of the consolidated tax liability or any other reduction to the member’s apportioned tax liability in accordance with the tax sharing agreement.
The Company adheres to the provisions of the Life Insurance Company Income Tax Act of 1959 as amended by the 1984 and 1986 Tax Reform Acts.
The significant tax jurisdiction for the Company is U.S. federal tax. The tax years prior to 2015 and tax years 2019 through 2021 for U.S. federal tax are closed to tax authority examinations. The Farmers Group Inc. consolidated tax group is currently under examination by the Internal Revenue Service for years 2015, 2016, 2017, and 2018.
The Company records any potential net interest and penalties in the income tax expense component of the statement of operations.
The Company does not have any tax loss contingencies for which it is reasonably possible that the total liability will significantly increase within twelve months of the reporting date.
During 2025 and 2024, the Company did not accrue any interest and penalties related to income tax contingencies.
The Company does not have any liability for Repatriation Tax.
The Company does not have any Alternative Minimum Tax Credits.
The Inflation Reduction Act of 2022 includes a corporate alternative minimum tax (CAMT), effective in 2023, that is based on the adjusted financial statement income set forth on the applicable financial statement of an applicable corporation.
The CAMT applies to companies with average annual book income exceeding $1 billion and assesses a 15% tax on financial statement income (adjusted for certain items) based on the applicable financial statement to the extent that amount exceeds the regular corporate tax.
The Company is an applicable reporting entity. The controlled group of corporations of which the Company is a member has determined that it is an applicable corporation. However, the Company has determined that it does not have a CAMT liability based on the current information.
The Accounting policy election is to disregard CAMT when evaluating the need for a valuation allowance for its non-CAMT deferred tax assets.
On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law by President Trump. The Act includes a broad range of tax reform provisions affecting businesses, including 100% bonus depreciation on qualifying assets, expensing of US-based research and development costs and interest expense limitation in 2025. There was no material net impact to the Company’s financial statements from the enactment.

11.
Contingencies
The Company is subject to guaranty fund and other assessments by the states in which it writes business. Guaranty fund assessments are accrued at the time of insolvencies as they become known to the Company if they are material. Other assessments are accrued at the time of assessment, or, in the case of loss-based assessments, at the time the losses are incurred. Based upon information provided by the National Organization of Life and Health Insurance Guaranty Associations (NOLHGA), the Company has accrued liabilities for guaranty fund assessments of $1,208,000 and $1,277,000 for December 31, 2025, and December 31, 2024, respectively; and related premium tax benefit assets of $871,000 and $944,000 for December 31, 2025, and December 31, 2024, respectively. The amounts represent management's best estimates based on information received from the states in which the Company writes business and may change due to many factors including the Company's share of the ultimate cost of current insolvencies.
The Company is periodically subject to lawsuits arising from the normal course of its business activities. These actions are in various stages of discovery and development, and some seek punitive as well as compensatory damages. The Company intends to vigorously defend its position in each case, and management believes that, while it is not possible to predict the outcome of such matters with absolute certainty, ultimate disposition of these proceedings should not have a material adverse effect on the Company’s statements of assets, liabilities, capital and surplus, results of operations or cash flows.





12.
Commitments
Statutory guidance provides that an operating expense lease should be recognized on a straight‑line basis over the lease term, even if payments are not made on a straight-line basis.
As of December 31, 2025, the total minimum aggregate rental commitment for the length of the lease period was $372,000, the future minimum rental payments required by leases are as follows:
The following schedule shows the composition of total rental expenses for all operating leases except those with terms of a month or less that were not renewed:

13.
Separate Accounts
The Company is licensed to issue VUL and deferred variable annuity contracts although it suspended issuance of “new” VUL and variable annuities, effective February 28, 2024, and September 30, 2012, respectively. The assets and liabilities held for VUL, Farmers EssentialLife VUL, Life Accumulator VUL and deferred variable annuity contracts are held in the Accounts, which are legally segregated from the general assets of the Company. As of December 31, 2025, there were 33 subaccounts available for the VUL products, 43 subaccounts available for variable annuity, 38 subaccounts available for Farmers EssentialLife VUL and 21 subaccounts available for the Life Accumulator VUL product. The sub-accounts invest in underlying mutual fund portfolios. Shares of each portfolio are purchased and redeemed at net asset value, without a sales charge. Any dividends and distributions from a portfolio are reinvested at net asset value in shares of that same portfolio. The deposits collected for variable contracts are invested at the direction of the contract holders in the subaccounts that comprise the Accounts. Absent any contract provisions wherein the Company contractually guarantees either a minimum return or account value, the contract holders bear the investment risk that the subaccounts may not meet their stated objectives. The assets of the Accounts are carried at fair value. The Accounts’ liabilities represent the contract holders’ claims to the related assets. Investment income and realized capital gains and losses of the Accounts accrue directly to the contract holders and, therefore, are not included in the Company’s statutory basis statements of operations. Mortality, policy administration, and surrender charges to all accounts are included in the revenues of the Company.
As of December 31, 2025, the separate account assets that are legally insulated from the general account claims are as follows:
Only the Company’s Variable Annuity has separate account products with guarantees backed by the general account. The maximum guarantee for separate account products as of December 31, 2025, is $261,707,000. The fund value is $257,851,000. The maximum guaranteed excess is $3,857,000.
The risk charges paid by the separate account to the general account for the past five years as compensation for the risk taken by the general account are as follows:
The amounts paid by the general account due to separate account guarantees during the past five years consisted of the following:
Premiums, considerations, or deposits received for the years ended December 31, 2025, 2024, and 2023, were approximately $111,115,000, $119,410,000 and $122,694,000, respectively.
Reserves for accounts with assets as of December 31, 2025, and 2024, at market value are approximately $1,569,619,000 and $1,416,104,000, respectively. The entire reserve amount is subject to discretionary withdrawal. Since all investment returns are credited directly to the policyholders, no reserves are held for asset default risk in lieu of AVR.
A reconciliation of net transfers to separate accounts for the years ended December 31, 2025, 2024 and 2023 is as follows:
       
14.
Premium and Annuity Considerations Deferred and Uncollected
There are no deferred and uncollected life and accident and health insurance premiums and annuity considerations as of December 31, 2025, and 2024.
15.
Analysis of Annuity Actuarial Reserves and Deposit-Type Liabilities By Withdrawal Characteristics
The following is the analysis of annuity actuarial reserves and deposit-type liabilities by withdrawal characteristics as of December 31, 2025, and 2024.




The following is the analysis of life actuarial reserves by withdrawal characteristics as of December 31, 2025, and 2024:





16.
Subsequent Events
No material subsequent events have occurred since December 31, 2025, through April 24, 2026, the date at which the financial statements were issued, that would require adjustment or disclosure to the financial statements.











Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Index





 
Page






























Report of Independent Registered Public Accounting Firm

To the Board of Directors of Farmers New World Life Insurance Company and the Contract Owners of Farmers Variable Life Separate Account A:

Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of each of the subaccounts listed in the Appendix that comprise Farmers Variable Life Separate Account A (the Separate Account), as of December 31, 2025, and the related statements of operations for the year then ended, and the statements of changes in net assets for the two years then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each subaccount as of December 31, 2025, the results of its operations for the year then ended and changes in its net assets for each of the two years then ended, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial statements are the responsibility of the Separate Account’s management. Our responsibility is to express an opinion on each of the subaccounts’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Separate Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2025, by correspondence with the fund companies or their transfer agents, as applicable. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
/s/ Ernst & Young LLP
We have served as the auditor of the Separate Account since 2021.
Atlanta, Georgia
April 30, 2026

Appendix – Subaccounts comprising Farmers Variable Life Separate Account A

 American Funds Insurance Series – Asset Allocation Fund
 American Funds Insurance Series – Capital Income Builder Fund
 American Funds Insurance Series – Capital World Growth and Income Fund
 American Funds Insurance Series – Global Growth Fund
 American Funds Insurance Series – Growth Fund
 American Funds Insurance Series – Growth-Income Fund
 American Funds Insurance Series – International Fund
 BNY Mellon Sustainable U.S. Equity Portfolio, Inc. – Service Class Shares – Sustainable U.S. Equity Portfolio
 BNY Mellon Variable Investment Fund – Service Class Shares – Opportunistic Small Cap Portfolio
 Calvert Variable Series, Inc. – VP SRI Mid Cap Portfolio
 DWS Investments VIT Funds – Class B Shares – DWS Equity 500 Index VIP
 DWS Variable Series I – Class A Shares – DWS Core Equity VIP
 DWS Variable Series I – Class A Shares – DWS CROCI International VIP
 DWS Variable Series I – Class A Shares – DWS Global Small Cap VIP
 DWS Variable Series II – Class A Shares – DWS CROCI U.S. VIP
 DWS Variable Series II – Class A Shares – DWS Government Money Market VIP
 DWS Variable Series II – Class A Shares – DWS High Income VIP
 DWS Variable Series II – Class A Shares – DWS Small Mid Cap Growth VIP
 Fidelity Variable Insurance Products ("VIP") Funds – Service Class – VIP Growth Portfolio
 Fidelity Variable Insurance Products ("VIP") Funds – Service Class – VIP Index 500 Portfolio
 Fidelity Variable Insurance Products ("VIP") Funds – Service Class – VIP Mid Cap Portfolio
 Fidelity VIP Freedom Funds – Service Class 2 Shares – VIP Freedom 2010 Portfolio
 Fidelity VIP Freedom Funds – Service Class 2 Shares – VIP Freedom 2015 Portfolio
 Fidelity VIP Freedom Funds – Service Class 2 Shares – VIP Freedom 2020 Portfolio
 Fidelity VIP Freedom Funds – Service Class 2 Shares – VIP Freedom 2025 Portfolio
 Fidelity VIP Freedom Funds – Service Class 2 Shares – VIP Freedom 2030 Portfolio
 Fidelity VIP Freedom Funds – Service Class 2 Shares – VIP Freedom Income Portfolio
 Fidelity VIP FundsManager Portfolios – Service Class 2 – Shares VIP FundsManager 20% Portfolio
 Fidelity VIP FundsManager Portfolios – Service Class 2 – Shares VIP FundsManager 50% Portfolio
 Fidelity VIP FundsManager Portfolios – Service Class 2 – Shares VIP FundsManager 70% Portfolio
 Fidelity VIP FundsManager Portfolios – Service Class 2 – Shares VIP FundsManager 85% Portfolio
 Franklin Templeton Variable Insurance Products Trust – Class 2 – Developing Markets VIP Fund
 Franklin Templeton Variable Insurance Products Trust – Class 2 – Small-Mid Cap Growth VIP Fund
 Franklin Templeton Variable Insurance Products Trust – Class 2 – Small Cap Value VIP Fund
 Goldman Sachs Variable Insurance Trust – Institutional Class – Mid Cap Value Fund
 Goldman Sachs Variable Insurance Trust – Institutional Class – Small Cap Equity Insights Fund
 Goldman Sachs Variable Insurance Trust – Institutional Class – Strategic Growth Fund
 Janus Henderson – VIT Balanced Portfolio (Service Shares)
 Janus Henderson – VIT Enterprise Portfolio (Service Shares)
 Janus Henderson – VIT Forty Portfolio (Institutional Shares)
 PIMCO Variable Insurance Trust – Administrative Class Shares – VIT International Bond Portfolio (U.S. Dollar-Hedged)
 PIMCO Variable Insurance Trust – Administrative Class Shares – VIT Low Duration Portfolio
 Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Equity Funds – Diversified International Account I
 Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Equity Funds – LargeCap Growth Account I
 Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Fixed Income Funds – Core Plus Bond Account I
 Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Fixed Income Funds – Government & High Quality Bond Account I
 Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Fixed Income Funds – Short-Term Income Account I
 Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds – Capital Appreciation Account II
 Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds – Equity Income Account II
 Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds – MidCap Account II
 Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds – SmallCap Account II
 Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios – SAM Balanced Portfolio
 Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios – SAM Conservative Balanced Portfolio
 Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios – SAM Conservative Growth Portfolio
 Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios – SAM Flexible Income Portfolio
 Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios – SAM Strategic Growth Portfolio

Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Assets and Liabilities
Years Ended December 31, 2025

 
American Funds Insurance Series
American Funds Insurance Series
American Funds Insurance Series
American Funds Insurance Series
American Funds Insurance Series
 
Asset Allocation Fund
Capital Income Builder Fund
Capital World Growth and Income Fund
Global Growth Fund
Growth Fund
Assets
          
Investments, at fair value
$ 10,373,013
$ 9,608,383
$ 10,325,804
$ 14,189,563
$ 79,423,731
Dividends receivable
—
—
—
—
—
Total assets
10,373,013
9,608,383
10,325,804
14,189,563
79,423,731
           
Liabilities
—
—
—
—
—
Total liabilities
—
—
—
—
—
Net assets
$ 10,373,013
$ 9,608,383
$ 10,325,804
$ 14,189,563
$ 79,423,731
Accumulation units outstanding
430,514
493,784
377,474
446,124
1,555,334
Shares owned in each portfolio
383,476
663,562
561,796
372,332
572,217
Market value per share
$ 27.05
$ 14.48
$ 18.38
$ 38.11
$ 138.80
Cost of investments
$ 9,376,745
$ 7,638,364
$ 8,129,685
$ 12,884,030
$ 56,179,567
Variable Universal Life contracts with expenses of 0.90%
      
Net assets
$ —
$ —
$ —
$ —
$ —
Accumulation units outstanding
—
—
—
—
—
Unit value of accumulation units
$ —
$ —
$ —
$ —
$ —
Life Accumulator contracts with expenses of 0.25%
      
Net assets
$ —
$ —
$ —
$ —
$ —
Accumulation units outstanding
—
—
—
—
—
Unit value of accumulation units
$ —
$ —
$ —
$ —
$ —
Life Accumulator contracts with expenses of 0.30%
      
Net assets
$ —
$ —
$ —
$ —
$ —
Accumulation units outstanding
—
—
—
—
—
Unit value of accumulation units
$ —
$ —
$ —
$ —
$ —
EssentialLife Variable Universal Life contracts with expenses of 0.30%
    
Net assets
$ 10,373,013
$ 9,608,383
$ 10,325,804
$ 14,189,563
$ 79,423,731
Accumulation units outstanding
430,514
493,784
377,474
446,124
1,555,334
Unit value of accumulation units
$ 24.09
$ 19.46
$ 27.36
$ 31.81
$ 51.07


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Assets and Liabilities
Years Ended December 31, 2025

 
American Funds Insurance Series
American Funds Insurance Series
BNY Mellon Sustainable U.S. Equity Portfolio, Inc. – Service Class Shares
BNY Mellon Variable Investment Fund – Service Class Shares
Calvert Variable Series, Inc.
 
Growth-Income Fund
International Fund
Sustainable U.S. Equity Portfolio
Opportunistic Small Cap Portfolio
VP SRI Mid Cap Portfolio
Assets
          
Investments, at fair value
$ 26,706,378
$ 4,163,044
$ 5,188,874
$ 10,848,020
$ 222,774
Dividends receivable
—
—
—
—
—
Total assets
26,706,378
4,163,044
5,188,874
10,848,020
222,774
           
Liabilities
—
—
—
—
—
Total liabilities
—
—
—
—
—
Net assets
$ 26,706,378
$ 4,163,044
$ 5,188,874
$ 10,848,020
$ 222,774
Accumulation units outstanding
761,885
217,940
89,637
360,196
6,431
Shares owned in each portfolio
402,933
187,356
90,842
242,576
8,416
Market value per share
$ 66.28
$ 22.22
$ 57.12
$ 44.72
$ 26.47
Cost of investments
$ 22,470,237
$ 3,509,262
$ 3,900,522
$ 9,847,988
$ 233,021
Variable Universal Life contracts with expenses of 0.90%
      
Net assets
$ —
$ —
$ 310,515
$ 6,002,781
$ 222,774
Accumulation units outstanding
—
—
6,958
209,506
6,431
Unit value of accumulation units
$ —
$ —
$ 44.63
$ 28.65
$ 34.64
Life Accumulator contracts with expenses of 0.25%
      
Net assets
$ —
$ —
$ —
$ —
$ —
Accumulation units outstanding
—
—
—
—
—
Unit value of accumulation units
$ —
$ —
$ —
$ —
$ —
Life Accumulator contracts with expenses of 0.30%
      
Net assets
$ —
$ —
$ —
$ —
$ —
Accumulation units outstanding
—
—
—
—
—
Unit value of accumulation units
$ —
$ —
$ —
$ —
$ —
EssentialLife Variable Universal Life contracts with expenses of 0.30%
    
Net assets
$ 26,706,378
$ 4,163,044
$ 4,878,359
$ 4,845,240
$ —
Accumulation units outstanding
761,885
217,940
82,678
150,691
—
Unit value of accumulation units
$ 35.05
$ 19.10
$ 59.00
$ 32.15
$ —


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Assets and Liabilities
Years Ended December 31, 2025

 
DWS Investments VIT Funds – Class B Shares
DWS Variable Series I – Class A Shares
DWS Variable Series I – Class A Shares
DWS Variable Series I – Class A Shares
DWS Variable Series II – Class A Shares
 
DWS Equity 500 Index VIP
DWS Core Equity VIP
DWS CROCI International VIP
DWS Global Small Cap VIP
DWS CROCI U.S. VIP
Assets
          
Investments, at fair value
$ 4,691,225
$ 6,698,738
$ 26,516,473
$ 21,457,424
$ 54,183,486
Dividends receivable
—
—
—
—
—
Total assets
4,691,225
6,698,738
26,516,473
21,457,424
54,183,486
           
Liabilities
—
—
—
—
—
Total liabilities
—
—
—
—
—
Net assets
$ 4,691,225
$ 6,698,738
$ 26,516,473
$ 21,457,424
$ 54,183,486
Accumulation units outstanding
251,943
121,403
1,822,316
622,997
939,141
Shares owned in each portfolio
144,079
476,778
2,544,767
1,854,574
2,879,037
Market value per share
$ 32.56
$ 14.05
$ 10.42
$ 11.57
$ 18.82
Cost of investments
$ 4,276,121
$ 5,211,628
$ 17,856,462
$ 19,308,359
$ 39,740,990
Variable Universal Life contracts with expenses of 0.90%
      
Net assets
$ —
$ 6,698,738
$ 21,344,030
$ 14,159,504
$ 47,928,213
Accumulation units outstanding
—
121,403
1,539,980
362,921
784,908
Unit value of accumulation units
$ —
$ 55.18
$ 13.86
$ 39.02
$ 61.06
Life Accumulator contracts with expenses of 0.25%
      
Net assets
$ 3,529,154
$ —
$ —
$ —
$ 90,665
Accumulation units outstanding
227,639
—
—
—
6,223
Unit value of accumulation units
$ 15.50
$ —
$ —
$ —
$ 14.57
Life Accumulator contracts with expenses of 0.30%
      
Net assets
$ 1,162,071
$ —
$ —
$ —
$ 148,585
Accumulation units outstanding
24,303
—
—
—
5,940
Unit value of accumulation units
$ 47.82
$ —
$ —
$ —
$ 25.01
EssentialLife Variable Universal Life contracts with expenses of 0.30%
    
Net assets
$ —
$ —
$ 5,172,442
$ 7,297,920
$ 6,016,023
Accumulation units outstanding
—
—
282,336
260,076
142,069
Unit value of accumulation units
$ —
$ —
$ 18.32
$ 28.06
$ 42.35


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Assets and Liabilities
Years Ended December 31, 2025

 
DWS Variable Series II – Class A Shares
DWS Variable Series II – Class A Shares
DWS Variable Series II – Class A Shares
Fidelity Variable Insurance Products ("VIP") Funds – Service Class
Fidelity Variable Insurance Products ("VIP") Funds – Service Class
 
DWS Government Money Market VIP
DWS High Income VIP
DWS Small Mid Cap Growth VIP
VIP Growth Portfolio
VIP Index 500 Portfolio
Assets
          
Investments, at fair value
$ 19,505,911
$ 10,747,310
$ 499,394
$ 111,435,951
$ 106,893,010
Dividends receivable
31,099
—
—
—
—
Total assets
19,537,010
10,747,310
499,394
111,435,951
106,893,010
           
Liabilities
—
—
—
—
—
Total liabilities
—
—
—
—
—
Net assets
$ 19,537,010
$ 10,747,310
$ 499,394
$ 111,435,951
$ 106,893,010
Accumulation units outstanding
1,592,204
358,843
37,505
1,417,059
1,578,447
Shares owned in each portfolio
19,505,911
1,872,354
35,193
1,154,059
162,716
Market value per share
$ 1.00
$ 5.74
$ 14.19
$ 96.56
$ 656.93
Cost of investments
$ 19,505,911
$ 10,896,021
$ 484,838
$ 100,449,705
$ 49,463,814
Variable Universal Life contracts with expenses of 0.90%
      
Net assets
$ 15,210,600
$ 6,487,665
$ 499,394
$ 52,413,091
$ 46,481,293
Accumulation units outstanding
1,217,230
197,375
37,505
695,256
697,636
Unit value of accumulation units
$ 12.49
$ 32.87
$ 13.32
$ 75.39
$ 66.63
Life Accumulator contracts with expenses of 0.25%
      
Net assets
$ —
$ —
$ —
$ 942,714
$ —
Accumulation units outstanding
—
—
—
57,729
—
Unit value of accumulation units
$ —
$ —
$ —
$ 16.33
$ —
Life Accumulator contracts with expenses of 0.30%
      
Net assets
$ —
$ —
$ —
$ 1,491,772
$ —
Accumulation units outstanding
—
—
—
21,427
—
Unit value of accumulation units
$ —
$ —
$ —
$ 69.62
$ —
EssentialLife Variable Universal Life contracts with expenses of 0.30%
    
Net assets
$ 4,326,411
$ 4,259,645
$ —
$ 56,588,374
$ 60,411,717
Accumulation units outstanding
374,974
161,468
—
642,647
880,811
Unit value of accumulation units
$ 11.56
$ 26.38
$ —
$ 88.06
$ 68.59

Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Assets and Liabilities
Years Ended December 31, 2025

 
Fidelity Variable Insurance Products ("VIP") Funds – Service Class
Fidelity VIP Freedom Funds – Service Class 2 Shares
Fidelity VIP Freedom Funds – Service Class 2 Shares
Fidelity VIP Freedom Funds – Service Class 2 Shares
Fidelity VIP Freedom Funds – Service Class 2 Shares
 
VIP Mid Cap Portfolio
VIP Freedom 2010 Portfolio
VIP Freedom 2015 Portfolio
VIP Freedom 2020 Portfolio
VIP Freedom 2025 Portfolio
Assets
          
Investments, at fair value
$ 52,174,648
$ 280,530
$ 330,737
$ 1,954,095
$ 2,606,188
Dividends receivable
—
—
—
—
—
Total assets
52,174,648
280,530
330,737
1,954,095
2,606,188
           
Liabilities
—
—
—
—
—
Total liabilities
—
—
—
—
—
Net assets
$ 52,174,648
$ 280,530
$ 330,737
$ 1,954,095
$ 2,606,188
Accumulation units outstanding
1,000,977
11,851
12,805
70,216
84,569
Shares owned in each portfolio
1,418,175
23,319
27,816
148,827
152,766
Market value per share
$ 36.79
$ 12.03
$ 11.89
$ 13.13
$ 17.06
Cost of investments
$ 50,314,824
$ 291,257
$ 339,447
$ 1,949,217
$ 2,334,677
Variable Universal Life contracts with expenses of 0.90%
      
Net assets
$ 15,619,999
$ —
$ —
$ —
$ —
Accumulation units outstanding
181,359
—
—
—
—
Unit value of accumulation units
$ 86.13
$ —
$ —
$ —
$ —
Life Accumulator contracts with expenses of 0.25%
      
Net assets
$ —
$ —
$ —
$ —
$ —
Accumulation units outstanding
—
—
—
—
—
Unit value of accumulation units
$ —
$ —
$ —
$ —
$ —
Life Accumulator contracts with expenses of 0.30%
      
Net assets
$ —
$ —
$ —
$ —
$ —
Accumulation units outstanding
—
—
—
—
—
Unit value of accumulation units
$ —
$ —
$ —
$ —
$ —
EssentialLife Variable Universal Life contracts with expenses of 0.30%
    
Net assets
$ 36,554,649
$ 280,530
$ 330,737
$ 1,954,095
$ 2,606,188
Accumulation units outstanding
819,617
11,851
12,805
70,216
84,569
Unit value of accumulation units
$ 44.60
$ 23.67
$ 25.83
$ 27.83
$ 30.82


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Assets and Liabilities
Years Ended December 31, 2025

 
Fidelity VIP Freedom Funds – Service Class 2 Shares
Fidelity VIP Freedom Funds – Service Class 2 Shares
Fidelity VIP FundsManager Portfolios – Service Class 2 Shares
Fidelity VIP FundsManager Portfolios – Service Class 2 Shares
Fidelity VIP FundsManager Portfolios – Service Class 2 Shares
 
VIP Freedom 2030 Portfolio
VIP Freedom Income Portfolio
VIP FundsManager 20% Portfolio
VIP FundsManager 50% Portfolio
VIP FundsManager 70% Portfolio
Assets
          
Investments, at fair value
$ 13,717,086
$ 1,249,366
$ 1,589,448
$ 7,037,454
$ 12,223,669
Dividends receivable
—
—
—
—
—
Total assets
13,717,086
1,249,366
1,589,448
7,037,454
12,223,669
           
Liabilities
—
—
—
—
—
Total liabilities
—
—
—
—
—
Net assets
$ 13,717,086
$ 1,249,366
$ 1,589,448
$ 7,037,454
$ 12,223,669
Accumulation units outstanding
417,771
66,972
86,089
256,159
358,841
Shares owned in each portfolio
782,492
107,426
142,296
527,941
813,826
Market value per share
$ 17.53
$ 11.63
$ 11.17
$ 13.33
$ 15.02
Cost of investments
$ 11,840,922
$ 1,233,779
$ 1,558,273
$ 6,360,343
$ 10,137,926
Variable Universal Life contracts with expenses of 0.90%
      
Net assets
$ —
$ —
$ —
$ —
$ —
Accumulation units outstanding
—
—
—
—
—
Unit value of accumulation units
$ —
$ —
$ —
$ —
$ —
Life Accumulator contracts with expenses of 0.25%
      
Net assets
$ —
$ —
$ —
$ —
$ —
Accumulation units outstanding
—
—
—
—
—
Unit value of accumulation units
$ —
$ —
$ —
$ —
$ —
Life Accumulator contracts with expenses of 0.30%
      
Net assets
$ —
$ —
$ —
$ —
$ —
Accumulation units outstanding
—
—
—
—
—
Unit value of accumulation units
$ —
$ —
$ —
$ —
$ —
EssentialLife Variable Universal Life contracts with expenses of 0.30%
    
Net assets
$ 13,717,086
$ 1,249,366
$ 1,589,448
$ 7,037,454
$ 12,223,669
Accumulation units outstanding
417,771
66,972
86,089
256,159
358,841
Unit value of accumulation units
$ 32.83
$ 18.66
$ 18.46
$ 27.47
$ 34.06


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Assets and Liabilities
Years Ended December 31, 2025

 
Fidelity VIP FundsManager Portfolios – Service Class 2 Shares
Franklin Templeton Variable Insurance Products Trust – Class 2
Franklin Templeton Variable Insurance Products Trust – Class 2
Franklin Templeton Variable Insurance Products Trust – Class 2
Goldman Sachs Variable Insurance Trust – Institutional Class
 
VIP FundsManager 85% Portfolio
Developing Markets VIP Fund
Small Cap Value VIP Fund
Small – Mid Cap Growth VIP Fund
Strategic Growth Fund
Assets
          
Investments, at fair value
$ 15,432,042
$ 8,737,721
$ 16,246,348
$ 19,707,308
$ 37,180,227
Dividends receivable
—
—
—
—
—
Total assets
15,432,042
8,737,721
16,246,348
19,707,308
37,180,227
           
Liabilities
—
—
—
—
—
Total liabilities
—
—
—
—
—
Net assets
$ 15,432,042
$ 8,737,721
$ 16,246,348
$ 19,707,308
$ 37,180,227
Accumulation units outstanding
392,208
238,129
430,323
453,716
515,557
Shares owned in each portfolio
996,902
723,321
1,171,330
1,377,170
2,400,273
Market value per share
$ 15.48
$ 12.08
$ 13.87
$ 14.31
$ 15.49
Cost of investments
$ 12,277,147
$ 6,199,792
$ 15,608,962
$ 20,306,254
$ 29,852,177
Variable Universal Life contracts with expenses of 0.90%
      
Net assets
$ —
$ 8,737,721
$ 5,289,199
$ 5,146,347
$ 37,180,227
Accumulation units outstanding
—
238,129
119,010
118,849
515,558
Unit value of accumulation units
$ —
$ 36.69
$ 44.44
$ 43.30
$ 72.12
Life Accumulator contracts with expenses of 0.25%
      
Net assets
$ —
$ —
$ 419,720
$ —
$ —
Accumulation units outstanding
—
—
33,577
—
—
Unit value of accumulation units
$ —
$ —
$ 12.50
$ —
$ —
Life Accumulator contracts with expenses of 0.30%
      
Net assets
$ —
$ —
$ 715,528
$ —
$ —
Accumulation units outstanding
—
—
25,392
—
—
Unit value of accumulation units
$ —
$ —
$ 28.18
$ —
$ —
EssentialLife Variable Universal Life contracts with expenses of 0.30%
    
Net assets
$ 15,432,042
$ —
$ 9,821,901
$ 14,560,961
$ —
Accumulation units outstanding
392,208
—
252,344
334,868
—
Unit value of accumulation units
$ 39.35
$ —
$ 38.92
$ 43.48
$ —


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Assets and Liabilities
Years Ended December 31, 2025

 
Goldman Sachs Variable Insurance Trust – Institutional Class
Goldman Sachs Variable Insurance Trust – Institutional Class
Janus Henderson
Janus Henderson
Janus Henderson
 
Mid Cap Value Fund
Small Cap Equity Insights Fund
VIT Balanced Portfolio (Service Shares)
VIT Enterprise Portfolio (Service Shares)
VIT Forty Portfolio (Institutional Shares)
Assets
          
Investments, at fair value
$ 12,524,041
$ 5,740,906
$ 31,243,001
$ 5,056,399
$ 108,696,835
Dividends receivable
—
—
—
—
—
Total assets
12,524,041
5,740,906
31,243,001
5,056,399
108,696,835
           
Liabilities
—
—
—
—
—
Total liabilities
—
—
—
—
—
Net assets
$ 12,524,041
$ 5,740,906
$ 31,243,001
$ 5,056,399
$ 108,696,835
Accumulation units outstanding
173,815
119,898
705,012
100,413
1,575,350
Shares owned in each portfolio
768,818
402,024
525,269
68,935
1,829,297
Market value per share
$ 16.29
$ 14.28
$ 59.48
$ 73.35
$ 59.42
Cost of investments
$ 12,398,711
$ 5,173,925
$ 22,077,694
$ 4,580,607
$ 79,501,160
Variable Universal Life contracts with expenses of 0.90%
      
Net assets
$ 12,409,833
$ 4,847,007
$ 5,693,659
$ 4,407,902
$ 54,524,593
Accumulation units outstanding
167,164
82,270
110,739
66,982
856,740
Unit value of accumulation units
$ 74.24
$ 58.92
$ 51.41
$ 65.81
$ 63.64
Life Accumulator contracts with expenses of 0.25%
      
Net assets
$ 63,948
$ 287,140
$ —
$ 336,848
$ —
Accumulation units outstanding
4,970
19,721
—
26,237
—
Unit value of accumulation units
$ 12.87
$ 14.56
$ —
$ 12.84
$ —
Life Accumulator contracts with expenses of 0.30%
      
Net assets
$ 50,260
$ 606,759
$ —
$ 311,649
$ —
Accumulation units outstanding
1,680
17,906
—
7,193
—
Unit value of accumulation units
$ 29.94
$ 33.88
$ —
$ 43.33
$ —
EssentialLife Variable Universal Life contracts with expenses of 0.30%
    
Net assets
$ —
$ —
$ 25,549,342
$ —
$ 54,172,242
Accumulation units outstanding
—
—
594,273
—
718,610
Unit value of accumulation units
$ —
$ —
$ 42.99
$ —
$ 75.38


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Assets and Liabilities
Years Ended December 31, 2025

 
PIMCO Variable Insurance Trust – Administrative Class Shares
PIMCO Variable Insurance Trust – Administrative Class Shares
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds
 
VIT International Bond Portfolio (U.S. Dollar-Hedged)
VIT Low Duration Portfolio
Capital Appreciation Account II
Equity Income Account II
MidCap Account II
Assets
          
Investments, at fair value
$ 8,057,133
$ 8,016,345
$ 7,388,896
$ 13,930,058
$ 18,285,880
Dividends receivable
—
—
—
—
—
Total assets
8,057,133
8,016,345
7,388,896
13,930,058
18,285,880
           
Liabilities
—
—
—
—
—
Total liabilities
—
—
—
—
—
Net assets
$ 8,057,133
$ 8,016,345
$ 7,388,896
$ 13,930,058
$ 18,285,880
Accumulation units outstanding
348,088
485,807
210,758
335,409
113,871
Shares owned in each portfolio
802,503
819,667
169,821
446,333
301,101
Market value per share
$ 10.04
$ 9.78
$ 43.51
$ 31.21
$ 60.73
Cost of investments
$ 8,351,061
$ 8,193,853
$ 5,745,121
$ 11,390,297
$ 17,533,334
Variable Universal Life contracts with expenses of 0.90%
      
Net assets
$ 4,910,551
$ 5,722,535
$ 4,213,750
$ 10,919,246
$ 17,327,421
Accumulation units outstanding
192,614
326,040
56,381
167,077
55,049
Unit value of accumulation units
$ 25.49
$ 17.55
$ 74.74
$ 65.35
$ 314.76
Life Accumulator contracts with expenses of 0.25%
      
Net assets
$ —
$ —
$ 1,944,973
$ 1,843,547
$ 691,273
Accumulation units outstanding
—
—
128,782
134,235
52,388
Unit value of accumulation units
$ —
$ —
$ 15.10
$ 13.73
$ 13.20
Life Accumulator contracts with expenses of 0.30%
      
Net assets
$ —
$ —
$ 1,230,173
$ 1,167,264
$ 267,186
Accumulation units outstanding
—
—
25,596
34,099
6,434
Unit value of accumulation units
$ —
$ —
$ 48.07
$ 34.23
$ 41.53
EssentialLife Variable Universal Life contracts with expenses of 0.30%
    
Net assets
$ 3,146,582
$ 2,293,810
$ —
$ —
$ —
Accumulation units outstanding
155,474
159,767
—
—
—
Unit value of accumulation units
$ 20.24
$ 14.36
$ —
$ —
$ —


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Assets and Liabilities
Years Ended December 31, 2025

 
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
 
SmallCap Account II
SAM Balanced Portfolio
SAM Conservative Balanced Portfolio
SAM Conservative Growth Portfolio
SAM Flexible Income Portfolio
Assets
          
Investments, at fair value
$ 3,028,892
$ 74,308,821
$ 12,793,710
$ 149,079,740
$ 2,749,916
Dividends receivable
—
—
—
—
—
Total assets
3,028,892
74,308,821
12,793,710
149,079,740
2,749,916
           
Liabilities
—
—
—
—
—
Total liabilities
—
—
—
—
—
Net assets
$ 3,028,892
$ 74,308,821
$ 12,793,710
$ 149,079,740
$ 2,749,916
Accumulation units outstanding
154,995
2,293,724
488,735
3,714,296
122,087
Shares owned in each portfolio
178,696
4,834,666
1,048,665
6,467,668
236,450
Market value per share
$ 16.95
$ 15.37
$ 12.20
$ 23.05
$ 11.63
Cost of investments
$ 2,673,568
$ 70,301,313
$ 12,060,567
$ 122,916,088
$ 2,736,039
Variable Universal Life contracts with expenses of 0.90%
      
Net assets
$ 2,772,239
$ 18,928,875
$ 2,809,102
$ 56,971,936
$ 818,221
Accumulation units outstanding
136,256
434,920
85,293
1,063,353
30,242
Unit value of accumulation units
$ 20.35
$ 43.52
$ 32.93
$ 53.58
$ 27.06
Life Accumulator contracts with expenses of 0.25%
      
Net assets
$ 196,778
$ 2,572,119
$ 323,078
$ 3,718,825
$ 95,044
Accumulation units outstanding
15,981
198,831
27,002
272,394
8,286
Unit value of accumulation units
$ 12.31
$ 12.94
$ 11.96
$ 13.65
$ 11.47
Life Accumulator contracts with expenses of 0.30%
      
Net assets
$ 59,875
$ 796,691
$ 180,815
$ 2,150,234
$ 173,145
Accumulation units outstanding
2,760
32,632
9,138
73,478
10,142
Unit value of accumulation units
$ 21.69
$ 24.41
$ 19.79
$ 29.26
$ 17.07
EssentialLife Variable Universal Life contracts with expenses of 0.30%
    
Net assets
$ —
$ 52,011,135
$ 9,480,715
$ 86,238,745
$ 1,663,506
Accumulation units outstanding
—
1,627,342
367,302
2,305,069
73,416
Unit value of accumulation units
$ —
$ 31.96
$ 25.81
$ 37.41
$ 22.66











Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Assets and Liabilities
Years Ended December 31, 2025

 
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Equity Funds
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Equity Funds
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Fixed Income Funds
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Fixed Income Funds
 
SAM Strategic Growth Portfolio
Diversified International Account I
LargeCap Growth Account I
Core Plus Bond Account I
Government & High Quality Bond Account I
Assets
          
Investments, at fair value
$ 200,229,254
$ 1,008,709
$ 617,436
$ 99,307
$ 132,255
Dividends receivable
—
—
—
—
—
Total assets
200,229,254
1,008,709
617,436
99,307
132,255
           
Liabilities
—
—
—
—
—
Total liabilities
—
—
—
—
—
Net assets
$ 200,229,254
$ 1,008,709
$ 617,436
$ 99,307
$ 132,255
Accumulation units outstanding
4,485,047
62,135
36,119
9,206
12,441
Shares owned in each portfolio
7,223,278
52,319
13,517
10,227
15,450
Market value per share
$ 27.72
$ 19.28
$ 45.68
$ 9.71
$ 8.56
Cost of investments
$ 154,479,654
$ 868,963
$ 592,292
$ 104,148
$ 129,672
Variable Universal Life contracts with expenses of 0.90%
      
Net assets
$ 75,063,036
$ —
$ —
$ —
$ —
Accumulation units outstanding
1,220,870
—
—
—
—
Unit value of accumulation units
$ 61.48
$ —
$ —
$ —
$ —
Life Accumulator contracts with expenses of 0.25%
      
Net assets
$ 4,936,973
$ 385,895
$ 440,437
$ 35,852
$ 130,685
Accumulation units outstanding
348,612
27,107
28,790
3,381
12,287
Unit value of accumulation units
$ 14.16
$ 14.24
$ 15.30
$ 10.60
$ 10.64
Life Accumulator contracts with expenses of 0.30%
      
Net assets
$ 3,957,516
$ 622,814
$ 176,999
$ 63,455
$ 1,570
Accumulation units outstanding
120,052
35,027
7,328
5,825
153
Unit value of accumulation units
$ 32.97
$ 17.78
$ 24.15
$ 10.89
$ 10.21
EssentialLife Variable Universal Life contracts with expenses of 0.30%
    
Net assets
$ 116,271,729
$ —
$ —
$ —
$ —
Accumulation units outstanding
2,795,514
—
—
—
—
Unit value of accumulation units
$ 41.59
$ —
$ —
$ —
$ —











Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Assets and Liabilities
Years Ended December 31, 2025

 
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Fixed Income Funds
        
 
Short-Term Income Account I
        
Assets
          
Investments, at fair value
$ 15,755
        
Dividends receivable
—
        
Total assets
15,755
        
           
Liabilities
—
        
Total liabilities
—
        
Net assets
$ 15,755
        
Accumulation units outstanding
1,360
        
Shares owned in each portfolio
6,154
        
Market value per share
$ 2.56
        
Cost of investments
$ 15,567
        
Variable Universal Life contracts with expenses of 0.90%
      
Net assets
$ —
        
Accumulation units outstanding
—
        
Unit value of accumulation units
$ —
        
Life Accumulator contracts with expenses of 0.25%
      
Net assets
$ —
        
Accumulation units outstanding
—
        
Unit value of accumulation units
$ —
        
Life Accumulator contracts with expenses of 0.30%
      
Net assets
$ 15,755
        
Accumulation units outstanding
1,360
        
Unit value of accumulation units
$ 11.59
        
EssentialLife Variable Universal Life contracts with expenses of 0.30%
    
Net assets
$ —
        
Accumulation units outstanding
—
        
Unit value of accumulation units
$ —
        











Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Operations
Years Ended December 31, 2025

 
American Funds Insurance Series
American Funds Insurance Series
American Funds Insurance Series
American Funds Insurance Series
American Funds Insurance Series
 
Asset Allocation Fund
Capital Income Builder Fund
Capital World Growth and Income Fund
Global Growth Fund
Growth Fund
Investment income:
          
Dividend Income
198,293
261,982
131,323
183,747
109,678
Total investment income
198,293
261,982
131,323
183,747
109,678
           
Expenses:
28,410
26,035
27,359
38,831
214,396
Total expenses
28,410
26,035
27,359
38,831
214,396
Net investment income (loss)
$ 169,883
$ 235,948
$ 103,963
$ 144,916
$ (104,718)
           
Realized gains (losses) on investments
          
Net realized gain (loss) on sale of investments
$ 109,470
$ 177,433
$ 109,277
$ 327,728
$ 1,777,042
Capital gains distributions
$ 665,532
$ —
$ 324,326
$ 1,610,875
$ 5,604,939
Net realized gain (loss) on investment transactions
$ 775,002
$ 177,433
$ 433,603
$ 1,938,602
$ 7,381,981
           
Net Unrealized appreciation (depreciation) on investments
          
Beginning of period
560,659
808,751
714,443
871,954
17,274,608
End of period
$ 996,268
$ 1,970,019
$ 2,196,118
$ 1,305,532
$ 23,244,164
Change in net unrealized appreciation (depreciation) of investments
$ 435,609
$ 1,161,268
$ 1,481,675
$ 433,578
$ 5,969,556
           
Net increase (decrease) in net assets resulting from operations
$ 1,380,494
$ 1,574,649
$ 2,019,242
$ 2,517,097
$ 13,246,819


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Operations
Years Ended December 31, 2025

 
American Funds Insurance Series
American Funds Insurance Series
BNY Mellon Sustainable U.S. Equity Portfolio, Inc. – Service Class Shares
BNY Mellon Variable Investment Fund – Service Class Shares
Calvert Variable Series, Inc.
 
Growth-Income Fund
International Fund
Sustainable U.S. Equity Portfolio
Opportunistic Small Cap Portfolio
VP SRI Mid Cap Portfolio
Investment income:
          
Dividend Income
228,771
51,039
2,665
46,289
856
Total investment income
228,771
51,039
2,665
46,289
856
           
Expenses:
72,623
10,890
15,779
64,531
2,209
Total expenses
72,623
10,890
15,779
64,531
2,209
Net investment income (loss)
$ 156,148
$ 40,149
$ (13,114)
$ (18,242)
$ (1,353)
           
Realized gains (losses) on investments
          
Net realized gain (loss) on sale of investments
$ 379,042
$ 18,731
$ 196,726
$ 14,046
$ (3,278)
Capital gains distributions
$ 4,032,949
$ —
$ 383,208
$ —
$ 13,675
Net realized gain (loss) on investment transactions
$ 4,411,991
$ 18,731
$ 579,934
$ 14,046
$ 10,396
           
Net Unrealized appreciation (depreciation) on investments
          
Beginning of period
4,761,433
(146,557)
1,172,663
(28,758)
(3,312)
End of period
$ 4,236,140
$ 653,782
$ 1,288,353
$ 1,000,032
$ (10,247)
Change in net unrealized appreciation (depreciation) of investments
$ (525,293)
$ 800,338
$ 115,690
$ 1,028,791
$ (6,935)
           
Net increase (decrease) in net assets resulting from operations
$ 4,042,846
$ 859,219
$ 682,510
$ 1,024,594
$ 2,108




Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Operations
Years Ended December 31, 2025

 
DWS Investments VIT Funds – Class B Shares
DWS Variable Series I – Class A Shares
DWS Variable Series I – Class A Shares
DWS Variable Series I – Class A Shares
DWS Variable Series II – Class A Shares
 
DWS Equity 500 Index VIP
DWS Core Equity VIP
DWS CROCI International VIP
DWS Global Small Cap VIP
DWS CROCI U.S. VIP
Investment income:
          
Dividend Income
31,728
49,429
620,639
230,029
656,842
Total investment income
31,728
49,429
620,639
230,029
656,842
           
Expenses:
11,339
55,406
181,313
133,920
405,437
Total expenses
11,339
55,406
181,313
133,920
405,437
Net investment income (loss)
$ 20,389
$ (5,977)
$ 439,326
$ 96,109
$ 251,405
           
Realized gains (losses) on investments
          
Net realized gain (loss) on sale of investments
$ 220,763
$ 18,987
$ 337,522
$ (136,510)
$ 906,297
Capital gains distributions
$ 371,130
$ 638,261
$ —
$ 1,134,930
$ 4,258,954
Net realized gain (loss) on investment transactions
$ 591,893
$ 657,249
$ 337,522
$ 998,420
$ 5,165,250
           
Net Unrealized appreciation (depreciation) on investments
          
Beginning of period
351,726
1,206,473
1,055,617
(337,612)
12,160,622
End of period
$ 415,103
$ 1,487,110
$ 8,660,012
$ 2,149,066
$ 14,442,495
Change in net unrealized appreciation (depreciation) of investments
$ 63,377
$ 280,637
$ 7,604,394
$ 2,486,677
$ 2,281,873
           
Net increase (decrease) in net assets resulting from operations
$ 675,659
$ 931,908
$ 8,381,243
$ 3,581,206
$ 7,698,529




Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Operations
Years Ended December 31, 2025

 
DWS Variable Series II – Class A Shares
DWS Variable Series II – Class A Shares
DWS Variable Series II – Class A Shares
Fidelity Variable Insurance Products ("VIP") Funds – Service Class
Fidelity Variable Insurance Products ("VIP") Funds – Service Class
 
DWS Government Money Market VIP
DWS High Income VIP
DWS Small Mid Cap Growth VIP
VIP Growth Portfolio
VIP Index 500 Portfolio
Investment income:
          
Dividend Income
746,963
701,252
—
215,933
1,064,946
Total investment income
746,963
701,252
—
215,933
1,064,946
           
Expenses:
146,482
67,823
4,262
607,044
554,887
Total expenses
146,482
67,823
4,262
607,044
554,887
Net investment income (loss)
$ 600,480
$ 633,428
$ (4,262)
$ (391,111)
$ 510,059
           
Realized gains (losses) on investments
          
Net realized gain (loss) on sale of investments
$ —
$ (55,632)
$ (2,801)
$ 3,387,849
$ 5,439,673
Capital gains distributions
$ —
$ —
$ 34,327
$ 13,732,538
$ 508,348
Net realized gain (loss) on investment transactions
$ —
$ (55,632)
$ 31,526
$ 17,120,387
$ 5,948,020
           
Net Unrealized appreciation (depreciation) on investments
          
Beginning of period
—
(378,322)
8,834
13,666,085
48,102,883
End of period
$ —
$ (148,711)
$ 14,557
$ 10,986,246
$ 57,429,199
Change in net unrealized appreciation (depreciation) of investments
$ —
$ 229,611
$ 5,723
$ (2,679,839)
$ 9,326,316
           
Net increase (decrease) in net assets resulting from operations
$ 600,480
$ 807,408
$ 32,986
$ 14,049,437
$ 15,784,395




Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Operations
Years Ended December 31, 2025

 
Fidelity Variable Insurance Products ("VIP") Funds – Service Class
Fidelity VIP Freedom Funds – Service Class 2 Shares
Fidelity VIP Freedom Funds – Service Class 2 Shares
Fidelity VIP Freedom Funds – Service Class 2 Shares
Fidelity VIP Freedom Funds – Service Class 2 Shares
 
VIP Mid Cap Portfolio
VIP Freedom 2010 Portfolio
VIP Freedom 2015 Portfolio
VIP Freedom 2020 Portfolio
VIP Freedom 2025 Portfolio
Investment income:
          
Dividend Income
180,797
8,274
8,868
47,478
58,789
Total investment income
180,797
8,274
8,868
47,478
58,789
           
Expenses:
231,573
793
923
5,434
7,342
Total expenses
231,573
793
923
5,434
7,342
Net investment income (loss)
$ (50,775)
$ 7,481
$ 7,945
$ 42,044
$ 51,448
           
Realized gains (losses) on investments
          
Net realized gain (loss) on sale of investments
$ 301,807
$ (3,312)
$ (804)
$ (708)
$ 26,455
Capital gains distributions
$ 5,555,588
$ 3,317
$ 11,513
$ 92,652
$ 86,084
Net realized gain (loss) on investment transactions
$ 5,857,395
$ 6
$ 10,708
$ 91,944
$ 112,539
           
Net Unrealized appreciation (depreciation) on investments
          
Beginning of period
2,355,932
(27,988)
(22,918)
(76,071)
117,257
End of period
$ 1,859,825
$ (10,727)
$ (8,712)
$ 4,879
$ 271,510
Change in net unrealized appreciation (depreciation) of investments
$ (496,108)
$ 17,261
$ 14,207
$ 80,950
$ 154,253
           
Net increase (decrease) in net assets resulting from operations
$ 5,310,512
$ 24,747
$ 32,860
$ 214,938
$ 318,240




Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Operations
Years Ended December 31, 2025

 
Fidelity VIP Freedom Funds – Service Class 2 Shares
Fidelity VIP Freedom Funds – Service Class 2 Shares
Fidelity VIP FundsManager Portfolios – Service Class 2 Shares
Fidelity VIP FundsManager Portfolios – Service Class 2 Shares
Fidelity VIP FundsManager Portfolios – Service Class 2 Shares
 
VIP Freedom 2030 Portfolio
VIP Freedom Income Portfolio
VIP FundsManager 20% Portfolio
VIP FundsManager 50% Portfolio
VIP FundsManager 70% Portfolio
Investment income:
          
Dividend Income
283,318
37,999
54,561
170,094
200,451
Total investment income
283,318
37,999
54,561
170,094
200,451
           
Expenses:
38,564
3,633
4,493
19,451
34,389
Total expenses
38,564
3,633
4,493
19,451
34,389
Net investment income (loss)
$ 244,754
$ 34,367
$ 50,068
$ 150,643
$ 166,062
           
Realized gains (losses) on investments
          
Net realized gain (loss) on sale of investments
$ 265,647
$ 2,464
$ 600
$ 1,961
$ 112,054
Capital gains distributions
$ 559,649
$ 420
$ —
$ —
$ 107,054
Net realized gain (loss) on investment transactions
$ 825,296
$ 2,884
$ 600
$ 1,961
$ 219,108
           
Net Unrealized appreciation (depreciation) on investments
          
Beginning of period
1,173,072
(51,544)
(44,072)
(10,089)
687,184
End of period
$ 1,876,164
$ 15,588
$ 31,175
$ 677,109
$ 2,085,743
Change in net unrealized appreciation (depreciation) of investments
$ 703,092
$ 67,132
$ 75,247
$ 687,198
$ 1,398,559
           
Net increase (decrease) in net assets resulting from operations
$ 1,773,142
$ 104,383
$ 125,915
$ 839,803
$ 1,783,729




Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Operations
Years Ended December 31, 2025

 
Fidelity VIP FundsManager Portfolios – Service Class 2 Shares
Franklin Templeton Variable Insurance Products Trust – Class 2
Franklin Templeton Variable Insurance Products Trust – Class 2
Franklin Templeton Variable Insurance Products Trust – Class 2
Goldman Sachs Variable Insurance Trust – Institutional Class
 
VIP FundsManager 85% Portfolio
Developing Markets VIP Fund
Small Cap Value VIP Fund
Small – Mid Cap Growth VIP Fund
Strategic Growth Fund
Investment income:
          
Dividend Income
185,725
40,219
162,675
—
—
Total investment income
185,725
40,219
162,675
—
—
           
Expenses:
42,756
67,330
74,682
89,181
310,865
Total expenses
42,756
67,330
74,682
89,181
310,865
Net investment income (loss)
$ 142,970
$ (27,111)
$ 87,994
$ (89,181)
$ (310,865)
           
Realized gains (losses) on investments
          
Net realized gain (loss) on sale of investments
$ 180,702
$ 77,417
$ (215,473)
$ (245,486)
$ 937,930
Capital gains distributions
$ 256,978
$ 125,517
$ 1,268,719
$ 1,099,318
$ 5,502,387
Net realized gain (loss) on investment transactions
$ 437,680
$ 202,934
$ 1,053,246
$ 853,832
$ 6,440,318
           
Net Unrealized appreciation (depreciation) on investments
          
Beginning of period
1,232,316
(90,849)
682,701
(259,853)
7,896,222
End of period
$ 3,154,895
$ 2,537,930
$ 637,386
$ (598,945)
$ 7,328,050
Change in net unrealized appreciation (depreciation) of investments
$ 1,922,580
$ 2,628,778
$ (45,316)
$ (339,092)
$ (568,172)
           
Net increase (decrease) in net assets resulting from operations
$ 2,503,229
$ 2,804,602
$ 1,095,924
$ 425,559
$ 5,561,280






Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Operations
Years Ended December 31, 2025

 
Goldman Sachs Variable Insurance Trust – Institutional Class
Goldman Sachs Variable Insurance Trust – Institutional Class
Janus Henderson
Janus Henderson
Janus Henderson
 
Mid Cap Value Fund
Small Cap Equity Insights Fund
VIT Balanced Portfolio (Service Shares)
VIT Enterprise Portfolio (Service Shares)
VIT Forty Portfolio (Institutional Shares)
Investment income:
          
Dividend Income
144,636
39,117
503,210
2,369
73,745
Total investment income
144,636
39,117
503,210
2,369
73,745
           
Expenses:
107,187
41,939
120,152
40,581
607,678
Total expenses
107,187
41,939
120,152
40,581
607,678
Net investment income (loss)
$ 37,448
$ (2,822)
$ 383,058
$ (38,212)
$ (533,932)
           
Realized gains (losses) on investments
          
Net realized gain (loss) on sale of investments
$ 173,651
$ 22,202
$ 908,567
$ 202,123
$ 2,663,707
Capital gains distributions
$ 1,311,322
$ 445,179
$ 897,787
$ 422,194
$ 12,169,969
Net realized gain (loss) on investment transactions
$ 1,484,974
$ 467,381
$ 1,806,354
$ 624,317
$ 14,833,676
           
Net Unrealized appreciation (depreciation) on investments
          
Beginning of period
663,997
254,370
7,409,696
750,090
26,952,743
End of period
$ 125,331
$ 566,981
$ 9,165,308
$ 475,792
$ 29,195,675
Change in net unrealized appreciation (depreciation) of investments
$ (538,666)
$ 312,610
$ 1,755,611
$ (274,299)
$ 2,242,932
           
Net increase (decrease) in net assets resulting from operations
$ 983,756
$ 777,169
$ 3,945,024
$ 311,806
$ 16,542,675







Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Operations
Years Ended December 31, 2025

 
PIMCO Variable Insurance Trust – Administrative Class Shares
PIMCO Variable Insurance Trust – Administrative Class Shares
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds
 
VIT International Bond Portfolio (U.S. Dollar-Hedged)
VIT Low Duration Portfolio
Capital Appreciation Account II
Equity Income Account II
MidCap Account II
Investment income:
          
Dividend Income
270,459
289,006
23,869
211,778
14,847
Total investment income
270,459
289,006
23,869
211,778
14,847
           
Expenses:
52,099
53,080
44,980
99,928
161,821
Total expenses
52,099
53,080
44,980
99,928
161,821
Net investment income (loss)
$ 218,359
$ 235,926
$ (21,111)
$ 111,849
$ (146,975)
           
Realized gains (losses) on investments
          
Net realized gain (loss) on sale of investments
$ (18,351)
$ (19,881)
$ 532,067
$ 482,994
$ 436,234
Capital gains distributions
$ —
$ —
$ 554,688
$ 1,257,751
$ 2,333,401
Net realized gain (loss) on investment transactions
$ (18,351)
$ (19,881)
$ 1,086,755
$ 1,740,745
$ 2,769,635
           
Net Unrealized appreciation (depreciation) on investments
          
Beginning of period
(342,382)
(302,931)
1,869,848
2,620,782
3,242,648
End of period
$ (293,928)
$ (177,509)
$ 1,643,774
$ 2,539,761
$ 752,546
Change in net unrealized appreciation (depreciation) of investments
$ 48,454
$ 125,422
$ (226,074)
$ (81,022)
$ (2,490,102)
           
Net increase (decrease) in net assets resulting from operations
$ 248,463
$ 341,467
$ 839,570
$ 1,771,573
$ 132,558


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Operations
Years Ended December 31, 2025

 
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
 
SmallCap Account II
SAM Balanced Portfolio
SAM Conservative Balanced Portfolio
SAM Conservative Growth Portfolio
SAM Flexible Income Portfolio
Investment income:
          
Dividend Income
2,489
1,554,069
333,077
2,148,081
88,531
Total investment income
2,489
1,554,069
333,077
2,148,081
88,531
           
Expenses:
23,546
318,083
52,667
741,070
12,492
Total expenses
23,546
318,083
52,667
741,070
12,492
Net investment income (loss)
$ (21,057)
$ 1,235,985
$ 280,410
$ 1,407,011
$ 76,039
           
Realized gains (losses) on investments
          
Net realized gain (loss) on sale of investments
$ 15,476
$ 119,851
$ 19,724
$ 2,054,339
$ (24,221)
Capital gains distributions
$ 147,177
$ 5,360,869
$ 290,789
$ 10,100,370
$ —
Net realized gain (loss) on investment transactions
$ 162,653
$ 5,480,720
$ 310,513
$ 12,154,709
$ (24,221)
           
Net Unrealized appreciation (depreciation) on investments
          
Beginning of period
118,613
1,946,323
64,454
20,302,342
(160,778)
End of period
$ 355,324
$ 4,007,508
$ 733,143
$ 26,163,651
$ 13,876
Change in net unrealized appreciation (depreciation) of investments
$ 236,711
$ 2,061,185
$ 668,688
$ 5,861,310
$ 174,654
           
Net increase (decrease) in net assets resulting from operations
$ 378,308
$ 8,777,890
$ 1,259,611
$ 19,423,029
$ 226,472





Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Operations
Years Ended December 31, 2025

 
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Equity Funds
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Equity Funds
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Fixed Income Funds
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Fixed Income Funds
 
SAM Strategic Growth Portfolio
Diversified International Account I
LargeCap Growth Account I
Core Plus Bond Account I
Government & High Quality Bond Account I
Investment income:
          
Dividend Income
2,217,957
21,511
—
3,990
4,571
Total investment income
2,217,957
21,511
—
3,990
4,571
           
Expenses:
976,838
2,769
1,590
274
339
Total expenses
976,838
2,769
1,590
274
339
Net investment income (loss)
$ 1,241,120
$ 18,742
$ (1,590)
$ 3,716
$ 4,231
           
Realized gains (losses) on investments
          
Net realized gain (loss) on sale of investments
$ 3,682,036
$ 76,027
$ 8,392
$ (6,249)
$ (3,579)
Capital gains distributions
$ 14,232,448
$ 55,008
$ 92,460
$ —
$ —
Net realized gain (loss) on investment transactions
$ 17,914,484
$ 131,036
$ 100,852
$ (6,249)
$ (3,579)
           
Net Unrealized appreciation (depreciation) on investments
          
Beginning of period
37,029,065
26,366
62,324
(13,873)
(6,049)
End of period
$ 45,749,599
$ 139,747
$ 25,145
$ (4,842)
$ 2,583
Change in net unrealized appreciation (depreciation) of investments
$ 8,720,535
$ 113,381
$ (37,179)
$ 9,031
$ 8,632
           
Net increase (decrease) in net assets resulting from operations
$ 27,876,139
$ 263,159
$ 62,083
$ 6,499
$ 9,284




Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Operations
Years Ended December 31, 2025

 
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Fixed Income Funds
 
Short-Term Income Account I
Investment income:
  
Dividend Income
663
Total investment income
663
   
Expenses:
43
Total expenses
43
Net investment income (loss)
$ 620
   
Realized gains (losses) on investments
  
Net realized gain (loss) on sale of investments
$ —
Capital gains distributions
$ —
Net realized gain (loss) on investment transactions
$ —
   
Net Unrealized appreciation (depreciation) on investments
  
Beginning of period
97
End of period
$ 189
Change in net unrealized appreciation (depreciation) of investments
$ 91
   
Net increase (decrease) in net assets resulting from operations
$ 711













Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
American Funds Insurance Series
  
American Funds Insurance Series
 
Asset Allocation Fund
  
Capital Income Builder Fund
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 169,883
  
$ 157,238
  
$ 235,948
  
$ 227,037
Net realized gain (loss) from investment transactions
775,002
  
380,313
  
177,433
  
98,279
Change in net unrealized appreciation (depreciation) of investments
435,609
  
633,052
  
1,161,268
  
331,945
Net increase (decrease) in net assets from operations
1,380,494
  
1,170,603
  
1,574,649
  
657,261
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
1,754,439
  
1,984,418
  
1,681,265
  
1,859,053
Transfers for contract benefits and terminations
(864,469)
  
(615,194)
  
(726,032)
  
(570,421)
Contract maintenance charges
(667,112)
  
(770,633)
  
(637,226)
  
(721,086)
Transfers between subaccounts (including fixed account), net
(34,821)
  
(100,422)
  
(52,535)
  
85,534
Net increase (decrease) in net assets from contract transactions
188,037
  
498,169
  
265,472
  
653,080
Total increase (decrease) in net assets
1,568,530
  
1,668,772
  
1,840,121
  
1,310,341
               
Net assets
              
Beginning of period
8,804,483
  
7,135,711
  
7,768,263
  
6,457,922
End of period
$ 10,373,013
  
$ 8,804,483
  
$ 9,608,384
  
$ 7,768,263
               
Analysis of increase (decrease) in units outstanding
              
Units issued
44,583
  
54,885
  
52,903
  
72,739
Units redeemed
(36,144)
  
(29,914)
  
(38,399)
  
(31,170)
Increase (decrease) in units outstanding
8,439
  
24,971
  
14,504
  
41,569
Beginning units
422,075
  
397,104
  
479,280
  
437,711
Ending units
430,514
  
422,075
  
493,784
  
479,280


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025

 
American Funds Insurance Series
  
American Funds Insurance Series
 
Capital World Growth and Income Fund
  
Global Growth Fund
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 103,963
  
$ 110,999
  
$ 144,916
  
$ 147,054
Net realized gain (loss) from investment transactions
433,603
  
(2,635)
  
1,938,602
  
401,497
Change in net unrealized appreciation (depreciation) of investments
1,481,675
  
838,682
  
433,578
  
767,677
Net increase (decrease) in net assets from operations
2,019,242
  
947,046
  
2,517,097
  
1,316,228
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
1,606,816
  
1,789,106
  
2,241,293
  
2,494,015
Transfers for contract benefits and terminations
(783,000)
  
(391,554)
  
(1,064,283)
  
(453,987)
Contract maintenance charges
(579,903)
  
(673,413)
  
(782,539)
  
(923,659)
Transfers between subaccounts (including fixed account), net
(243,046)
  
(113,515)
  
(739,947)
  
(76,329)
Net increase (decrease) in net assets from contract transactions
867
  
610,624
  
(345,476)
  
1,040,040
Total increase (decrease) in net assets
2,020,109
  
1,557,670
  
2,171,621
  
2,356,268
               
Net assets
              
Beginning of period
8,305,695
  
6,748,025
  
12,017,941
  
9,661,673
End of period
$ 10,325,804
  
$ 8,305,695
  
$ 14,189,562
  
$ 12,017,941
               
Analysis of increase (decrease) in units outstanding
              
Units issued
30,666
  
46,839
  
42,133
  
56,142
Units redeemed
(30,999)
  
(17,916)
  
(54,197)
  
(15,445)
Increase (decrease) in units outstanding
(333)
  
28,923
  
(12,064)
  
40,697
Beginning units
377,807
  
348,884
  
458,189
  
417,492
Ending units
377,474
  
377,807
  
446,124
  
458,189



Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025

 
American Funds Insurance Series
  
American Funds Insurance Series
 
Growth Fund
  
Growth-Income Fund
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ (104,718)
  
$ 22,767
  
$ 156,148
  
$ 169,326
Net realized gain (loss) from investment transactions
7,381,981
  
1,890,938
  
4,411,991
  
1,119,623
Change in net unrealized appreciation (depreciation) of investments
5,969,556
  
13,413,974
  
(525,293)
  
2,912,031
Net increase (decrease) in net assets from operations
13,246,819
  
15,327,679
  
4,042,846
  
4,200,980
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
10,486,538
  
11,436,543
  
3,995,481
  
4,404,598
Transfers for contract benefits and terminations
(4,601,450)
  
(3,410,017)
  
(1,816,454)
  
(1,545,378)
Contract maintenance charges
(3,875,587)
  
(4,420,627)
  
(1,437,928)
  
(1,686,483)
Transfers between subaccounts (including fixed account), net
(1,607,124)
  
(1,013,795)
  
(338,434)
  
(361,988)
Net increase (decrease) in net assets from contract transactions
402,378
  
2,592,104
  
402,666
  
810,749
Total increase (decrease) in net assets
13,649,196
  
17,919,783
  
4,445,511
  
5,011,729
               
Net assets
              
Beginning of period
65,774,535
  
47,854,752
  
22,260,866
  
17,249,137
End of period
$ 79,423,731
  
$ 65,774,535
  
$ 26,706,377
  
$ 22,260,866
               
Analysis of increase (decrease) in units outstanding
              
Units issued
101,566
  
126,558
  
60,513
  
68,344
Units redeemed
(90,216)
  
(56,712)
  
(46,169)
  
(38,210)
Increase (decrease) in units outstanding
11,350
  
69,846
  
14,344
  
30,134
Beginning units
1,543,984
  
1,474,138
  
747,541
  
717,407
Ending units
1,555,334
  
1,543,984
  
761,885
  
747,541



Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
American Funds Insurance Series
  
BNY Mellon Sustainable U.S. Equity Portfolio, Inc. – Service Class Shares
 
International Fund
  
Sustainable U.S. Equity Portfolio
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 40,149
  
$ 30,017
  
$ (13,114)
  
$ 1,694
Net realized gain (loss) from investment transactions
18,731
  
(3,488)
  
579,934
  
181,515
Change in net unrealized appreciation (depreciation) of investments
800,338
  
38,717
  
115,690
  
748,560
Net increase (decrease) in net assets from operations
859,219
  
65,246
  
682,510
  
931,769
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
719,056
  
813,370
  
380,752
  
429,190
Transfers for contract benefits and terminations
(393,973)
  
(146,272)
  
(260,736)
  
(150,894)
Contract maintenance charges
(226,907)
  
(272,555)
  
(165,962)
  
(175,140)
Transfers between subaccounts (including fixed account), net
(56,320)
  
29,577
  
21,665
  
(433,312)
Net increase (decrease) in net assets from contract transactions
41,856
  
424,120
  
(24,281)
  
(330,156)
Total increase (decrease) in net assets
901,075
  
489,366
  
658,229
  
601,613
               
Net assets
              
Beginning of period
3,261,969
  
2,772,603
  
4,530,646
  
3,929,033
End of period
$ 4,163,044
  
$ 3,261,969
  
$ 5,188,875
  
$ 4,530,646
               
Analysis of increase (decrease) in units outstanding
              
Units issued
29,522
  
36,548
  
8,888
  
4,774
Units redeemed
(27,409)
  
(9,394)
  
(9,617)
  
(11,809)
Increase (decrease) in units outstanding
2,113
  
27,154
  
(729)
  
(7,035)
Beginning units
215,827
  
188,673
  
90,366
  
97,401
Ending units
217,940
  
215,827
  
89,637
  
90,366



Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
BNY Mellon Variable Investment Fund – Service Class Shares
  
Calvert Variable Series, Inc.
 
Opportunistic Small Cap Portfolio
  
VP SRI Mid Cap Portfolio
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ (18,242)
  
$ (14,552)
  
$ (1,353)
  
$ (1,937)
Net realized gain (loss) from investment transactions
14,046
  
41,170
  
10,396
  
(2,164)
Change in net unrealized appreciation (depreciation) of investments
1,028,791
  
341,818
  
(6,935)
  
25,609
Net increase (decrease) in net assets from operations
1,024,594
  
368,436
  
2,108
  
21,508
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
810,444
  
893,963
  
10,613
  
10,976
Transfers for contract benefits and terminations
(614,658)
  
(438,907)
  
(24,548)
  
(3,933)
Contract maintenance charges
(442,154)
  
(452,056)
  
(13,524)
  
(11,987)
Transfers between subaccounts (including fixed account), net
(28,776)
  
(62,989)
  
(9,367)
  
1,082
Net increase (decrease) in net assets from contract transactions
(275,144)
  
(59,989)
  
(36,826)
  
(3,862)
Total increase (decrease) in net assets
749,450
  
308,447
  
(34,718)
  
17,646
               
Net assets
              
Beginning of period
10,098,570
  
9,790,123
  
257,492
  
239,846
End of period
$ 10,848,020
  
$ 10,098,570
  
$ 222,774
  
$ 257,492
               
Analysis of increase (decrease) in units outstanding
              
Units issued
18,276
  
19,121
  
321
  
304
Units redeemed
(26,923)
  
(21,705)
  
(1,365)
  
(435)
Increase (decrease) in units outstanding
(8,648)
  
(2,584)
  
(1,043)
  
(131)
Beginning units
368,844
  
371,428
  
7,474
  
7,605
Ending units
360,196
  
368,844
  
6,431
  
7,474



Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
DWS Investments VIT Funds – Class B Shares
  
DWS Variable Series I – Class A Shares
 
DWS Equity 500 Index VIP
  
DWS Core Equity VIP
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 20,389
  
$ 20,022
  
$ (5,977)
  
$ (3,873)
Net realized gain (loss) from investment transactions
591,893
  
1,143,717
  
657,249
  
342,552
Change in net unrealized appreciation (depreciation) of investments
63,377
  
(398,540)
  
280,637
  
654,341
Net increase (decrease) in net assets from operations
675,659
  
765,199
  
931,908
  
993,020
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
71,064
  
66,090
  
184,839
  
194,065
Transfers for contract benefits and terminations
(10,331)
  
(180,187)
  
(138,392)
  
(236,074)
Contract maintenance charges
(35,096)
  
(32,471)
  
(248,331)
  
(243,922)
Transfers between subaccounts (including fixed account), net
(3,819)
  
135,895
  
(33,697)
  
(13,150)
Net increase (decrease) in net assets from contract transactions
21,818
  
(10,673)
  
(235,581)
  
(299,081)
Total increase (decrease) in net assets
697,478
  
754,526
  
696,327
  
693,939
               
Net assets
              
Beginning of period
3,993,747
  
3,239,221
  
6,002,410
  
5,308,471
End of period
$ 4,691,225
  
$ 3,993,747
  
$ 6,698,737
  
$ 6,002,410
               
Analysis of increase (decrease) in units outstanding
              
Units issued
59,937
  
173,916
  
1,977
  
839
Units redeemed
(19,683)
  
(60,200)
  
(6,536)
  
(7,445)
Increase (decrease) in units outstanding
40,254
  
113,716
  
(4,559)
  
(6,606)
Beginning units
211,689
  
97,973
  
125,962
  
132,568
Ending units
251,943
  
211,689
  
121,403
  
125,962


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
DWS Variable Series I – Class A Shares
  
DWS Variable Series I – Class A Shares
 
DWS CROCI International VIP
  
DWS Global Small Cap VIP
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 439,326
  
$ 497,386
  
$ 96,109
  
$ 115,373
Net realized gain (loss) from investment transactions
337,522
  
2,426
  
998,420
  
633,246
Change in net unrealized appreciation (depreciation) of investments
7,604,394
  
(179,987)
  
2,486,677
  
133,989
Net increase (decrease) in net assets from operations
8,381,243
  
319,825
  
3,581,206
  
882,608
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
1,483,919
  
1,562,005
  
1,388,757
  
1,459,755
Transfers for contract benefits and terminations
(1,126,740)
  
(901,966)
  
(908,340)
  
(831,583)
Contract maintenance charges
(850,313)
  
(774,258)
  
(712,188)
  
(707,218)
Transfers between subaccounts (including fixed account), net
(1,514,209)
  
540,538
  
(232,485)
  
(96,814)
Net increase (decrease) in net assets from contract transactions
(2,007,344)
  
426,319
  
(464,256)
  
(175,860)
Total increase (decrease) in net assets
6,373,899
  
746,144
  
3,116,951
  
706,748
               
Net assets
              
Beginning of period
20,142,574
  
19,396,430
  
18,340,473
  
17,633,725
End of period
$ 26,516,473
  
$ 20,142,574
  
$ 21,457,424
  
$ 18,340,473
               
Analysis of increase (decrease) in units outstanding
              
Units issued
33,364
  
102,728
  
23,838
  
26,683
Units redeemed
(204,833)
  
(64,225)
  
(35,937)
  
(29,823)
Increase (decrease) in units outstanding
(171,469)
  
38,503
  
(12,099)
  
(3,140)
Beginning units
1,993,785
  
1,955,282
  
635,096
  
638,236
Ending units
1,822,316
  
1,993,785
  
622,997
  
635,096




Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
DWS Variable Series II – Class A Shares
  
DWS Variable Series II – Class A Shares
 
DWS CROCI U.S. VIP
  
DWS Government Money Market VIP
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 251,405
  
$ 297,172
  
$ 600,480
  
$ 777,860
Net realized gain (loss) from investment transactions
5,165,250
  
792,638
  
—
  
—
Change in net unrealized appreciation (depreciation) of investments
2,281,873
  
6,047,651
  
—
  
—
Net increase (decrease) in net assets from operations
7,698,529
  
7,137,461
  
600,480
  
777,860
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
2,712,092
  
2,862,832
  
1,611,384
  
1,725,407
Transfers for contract benefits and terminations
(2,300,362)
  
(2,278,083)
  
(1,007,323)
  
(1,110,871)
Contract maintenance charges
(1,821,221)
  
(1,794,962)
  
(882,834)
  
(884,735)
Transfers between subaccounts (including fixed account), net
(486,801)
  
(935,908)
  
(233,459)
  
443,015
Net increase (decrease) in net assets from contract transactions
(1,896,292)
  
(2,146,121)
  
(512,232)
  
172,816
Total increase (decrease) in net assets
5,802,237
  
4,991,340
  
88,249
  
950,676
               
Net assets
              
Beginning of period
48,381,249
  
43,389,909
  
19,448,762
  
18,498,086
End of period
$ 54,183,486
  
$ 48,381,249
  
$ 19,537,011
  
$ 19,448,762
               
Analysis of increase (decrease) in units outstanding
              
Units issued
24,292
  
17,570
  
86,647
  
128,203
Units redeemed
(60,761)
  
(61,419)
  
(131,660)
  
(113,515)
Increase (decrease) in units outstanding
(36,469)
  
(43,849)
  
(45,013)
  
14,688
Beginning units
975,610
  
1,019,459
  
1,637,217
  
1,622,529
Ending units
939,141
  
975,610
  
1,592,204
  
1,637,217





Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025

 
DWS Variable Series II – Class A Shares
  
DWS Variable Series II – Class A Shares
 
DWS High Income VIP
  
DWS Small Mid Cap Growth VIP
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 633,428
  
$ 493,865
  
$ (4,262)
  
$ (4,500)
Net realized gain (loss) from investment transactions
(55,632)
  
(41,629)
  
31,526
  
(17,173)
Change in net unrealized appreciation (depreciation) of investments
229,611
  
144,917
  
5,723
  
42,013
Net increase (decrease) in net assets from operations
807,408
  
597,153
  
32,986
  
20,340
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
774,435
  
827,838
  
25,330
  
25,762
Transfers for contract benefits and terminations
(386,491)
  
(372,541)
  
(12,462)
  
(48,270)
Contract maintenance charges
(428,546)
  
(416,609)
  
(26,848)
  
(26,910)
Transfers between subaccounts (including fixed account), net
6,743
  
181,346
  
4,063
  
1,043
Net increase (decrease) in net assets from contract transactions
(33,859)
  
220,034
  
(9,917)
  
(48,375)
Total increase (decrease) in net assets
773,549
  
817,187
  
23,070
  
(28,035)
               
Net assets
              
Beginning of period
9,973,761
  
9,156,574
  
476,325
  
504,360
End of period
$ 10,747,310
  
$ 9,973,761
  
$ 499,395
  
$ 476,325
               
Analysis of increase (decrease) in units outstanding
              
Units issued
15,942
  
21,307
  
928
  
668
Units redeemed
(16,631)
  
(11,588)
  
(1,753)
  
(4,630)
Increase (decrease) in units outstanding
(689)
  
9,719
  
(825)
  
(3,962)
Beginning units
359,532
  
349,813
  
38,330
  
42,292
Ending units
358,843
  
359,532
  
37,505
  
38,330


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
Fidelity Variable Insurance Products ("VIP") Funds – Service Class
  
Fidelity Variable Insurance Products ("VIP") Funds – Service Class
 
VIP Growth Portfolio
  
VIP Index 500 Portfolio
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ (391,111)
  
$ (562,506)
  
$ 510,059
  
$ 550,493
Net realized gain (loss) from investment transactions
17,120,387
  
25,385,167
  
5,948,020
  
4,177,318
Change in net unrealized appreciation (depreciation) of investments
(2,679,839)
  
(1,474,561)
  
9,326,316
  
13,948,646
Net increase (decrease) in net assets from operations
14,049,437
  
23,348,100
  
15,784,395
  
18,676,457
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
7,249,258
  
7,627,827
  
7,691,401
  
8,508,675
Transfers for contract benefits and terminations
(5,388,814)
  
(4,794,406)
  
(6,377,695)
  
(4,871,966)
Contract maintenance charges
(3,692,203)
  
(3,805,832)
  
(3,556,034)
  
(3,726,162)
Transfers between subaccounts (including fixed account), net
(1,087,625)
  
(2,113,295)
  
(1,431,388)
  
(2,127,952)
Net increase (decrease) in net assets from contract transactions
(2,919,384)
  
(3,085,706)
  
(3,673,716)
  
(2,217,405)
Total increase (decrease) in net assets
11,130,054
  
20,262,394
  
12,110,680
  
16,459,052
               
Net assets
              
Beginning of period
100,305,898
  
80,043,504
  
94,782,331
  
78,323,279
End of period
$ 111,435,952
  
$ 100,305,898
  
$ 106,893,011
  
$ 94,782,331
               
Analysis of increase (decrease) in units outstanding
              
Units issued
89,246
  
59,849
  
59,391
  
64,148
Units redeemed
(94,497)
  
(101,420)
  
(118,929)
  
(105,800)
Increase (decrease) in units outstanding
(5,251)
  
(41,571)
  
(59,538)
  
(41,652)
Beginning units
1,422,310
  
1,463,881
  
1,637,985
  
1,679,637
Ending units
1,417,059
  
1,422,310
  
1,578,447
  
1,637,985


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
Fidelity Variable Insurance Products ("VIP") Funds – Service Class
  
Fidelity VIP Freedom Funds – Service Class 2 Shares
 
VIP Mid Cap Portfolio
  
VIP Freedom 2010 Portfolio
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ (50,775)
  
$ (5,528)
  
$ 7,481
  
$ 7,744
Net realized gain (loss) from investment transactions
5,857,395
  
6,745,675
  
6
  
(6,745)
Change in net unrealized appreciation (depreciation) of investments
(496,108)
  
217,054
  
17,261
  
10,366
Net increase (decrease) in net assets from operations
5,310,512
  
6,957,201
  
24,747
  
11,365
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
3,940,216
  
4,230,593
  
40,566
  
41,833
Transfers for contract benefits and terminations
(2,554,117)
  
(2,457,271)
  
(20,370)
  
(43,978)
Contract maintenance charges
(1,587,756)
  
(1,657,628)
  
(18,031)
  
(18,483)
Transfers between subaccounts (including fixed account), net
(568,350)
  
(1,162,076)
  
759
  
(1,296)
Net increase (decrease) in net assets from contract transactions
(770,007)
  
(1,046,382)
  
2,924
  
(21,924)
Total increase (decrease) in net assets
4,540,505
  
5,910,819
  
27,671
  
(10,559)
               
Net assets
              
Beginning of period
47,634,143
  
41,723,324
  
252,859
  
263,418
End of period
$ 52,174,648
  
$ 47,634,143
  
$ 280,530
  
$ 252,859
               
Analysis of increase (decrease) in units outstanding
              
Units issued
51,913
  
40,189
  
1,286
  
1,431
Units redeemed
(63,010)
  
(60,030)
  
(1,178)
  
(2,512)
Increase (decrease) in units outstanding
(11,097)
  
(19,841)
  
108
  
(1,081)
Beginning units
1,012,074
  
1,031,915
  
11,743
  
12,824
Ending units
1,000,977
  
1,012,074
  
11,851
  
11,743
               
 




Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
Fidelity VIP Freedom Funds – Service Class 2 Shares
  
Fidelity VIP Freedom Funds – Service Class 2 Shares
 
VIP Freedom 2015 Portfolio
  
VIP Freedom 2020 Portfolio
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 7,945
  
$ 7,810
  
$ 42,044
  
$ 39,727
Net realized gain (loss) from investment transactions
10,708
  
2,454
  
91,944
  
52,753
Change in net unrealized appreciation (depreciation) of investments
14,207
  
6,187
  
80,950
  
21,329
Net increase (decrease) in net assets from operations
32,860
  
16,451
  
214,938
  
113,809
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
32,601
  
39,421
  
187,141
  
202,601
Transfers for contract benefits and terminations
(6,006)
  
(20,569)
  
(33,192)
  
(111,034)
Contract maintenance charges
(15,078)
  
(16,985)
  
(85,776)
  
(87,387)
Transfers between subaccounts (including fixed account), net
1,551
  
(16,204)
  
(4,775)
  
(67,435)
Net increase (decrease) in net assets from contract transactions
13,069
  
(14,337)
  
63,398
  
(63,255)
Total increase (decrease) in net assets
45,929
  
2,114
  
278,336
  
50,554
               
Net assets
              
Beginning of period
284,807
  
282,693
  
1,675,760
  
1,625,206
End of period
$ 330,736
  
$ 284,807
  
$ 1,954,096
  
$ 1,675,760
               
Analysis of increase (decrease) in units outstanding
              
Units issued
832
  
1,143
  
4,906
  
5,018
Units redeemed
(303)
  
(1,770)
  
(2,526)
  
(7,630)
Increase (decrease) in units outstanding
530
  
(627)
  
2,380
  
(2,612)
Beginning units
12,275
  
12,902
  
67,836
  
70,448
Ending units
12,805
  
12,275
  
70,216
  
67,836


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
Fidelity VIP Freedom Funds – Service Class 2 Shares
  
Fidelity VIP Freedom Funds – Service Class 2 Shares
 
VIP Freedom 2025 Portfolio
  
VIP Freedom 2030 Portfolio
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 51,448
  
$ 47,016
  
$ 244,754
  
$ 209,381
Net realized gain (loss) from investment transactions
112,539
  
33,763
  
825,296
  
206,285
Change in net unrealized appreciation (depreciation) of investments
154,253
  
97,058
  
703,092
  
566,220
Net increase (decrease) in net assets from operations
318,240
  
177,837
  
1,773,142
  
981,886
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
292,863
  
305,799
  
1,272,091
  
1,343,026
Transfers for contract benefits and terminations
(195,180)
  
(161,351)
  
(916,313)
  
(659,298)
Contract maintenance charges
(131,252)
  
(139,355)
  
(478,345)
  
(505,735)
Transfers between subaccounts (including fixed account), net
(44,841)
  
(73,203)
  
(121,670)
  
(175,982)
Net increase (decrease) in net assets from contract transactions
(78,410)
  
(68,110)
  
(244,237)
  
2,011
Total increase (decrease) in net assets
239,829
  
109,727
  
1,528,905
  
983,897
               
Net assets
              
Beginning of period
2,366,358
  
2,256,631
  
12,188,181
  
11,204,284
End of period
$ 2,606,187
  
$ 2,366,358
  
$ 13,717,086
  
$ 12,188,181
               
Analysis of increase (decrease) in units outstanding
              
Units issued
5,588
  
6,468
  
26,470
  
23,265
Units redeemed
(8,474)
  
(9,050)
  
(34,920)
  
(23,368)
Increase (decrease) in units outstanding
(2,886)
  
(2,582)
  
(8,450)
  
(103)
Beginning units
87,454
  
90,036
  
426,221
  
426,324
Ending units
84,569
  
87,454
  
417,771
  
426,221




Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025

 
Fidelity VIP Freedom Funds – Service Class 2 Shares
  
Fidelity VIP FundsManager Portfolios – Service Class 2 Shares
 
VIP Freedom Income Portfolio
  
VIP FundsManager 20% Portfolio
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 34,367
  
$ 36,231
  
$ 50,068
  
$ 44,842
Net realized gain (loss) from investment transactions
2,884
  
(3,240)
  
600
  
(4,453)
Change in net unrealized appreciation (depreciation) of investments
67,132
  
9,517
  
75,247
  
28,836
Net increase (decrease) in net assets from operations
104,383
  
42,508
  
125,915
  
69,225
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
196,343
  
218,024
  
289,378
  
304,963
Transfers for contract benefits and terminations
(124,532)
  
(100,654)
  
(70,854)
  
(118,549)
Contract maintenance charges
(72,951)
  
(87,401)
  
(120,308)
  
(128,320)
Transfers between subaccounts (including fixed account), net
(28,991)
  
99,271
  
(46,611)
  
(47,487)
Net increase (decrease) in net assets from contract transactions
(30,131)
  
129,240
  
51,605
  
10,607
Total increase (decrease) in net assets
74,252
  
171,748
  
177,520
  
79,832
               
Net assets
              
Beginning of period
1,175,115
  
1,003,367
  
1,411,928
  
1,332,096
End of period
$ 1,249,367
  
$ 1,175,115
  
$ 1,589,448
  
$ 1,411,928
               
Analysis of increase (decrease) in units outstanding
              
Units issued
7,019
  
17,115
  
9,746
  
9,348
Units redeemed
(8,696)
  
(9,361)
  
(6,785)
  
(8,626)
Increase (decrease) in units outstanding
(1,676)
  
7,754
  
2,960
  
722
Beginning units
68,648
  
60,894
  
83,129
  
82,407
Ending units
66,972
  
68,648
  
86,089
  
83,129






Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
Fidelity VIP FundsManager Portfolios – Service Class 2 Shares
  
Fidelity VIP FundsManager Portfolios – Service Class 2 Shares
 
VIP FundsManager 50% Portfolio
  
VIP FundsManager 70% Portfolio
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 150,643
  
$ 119,462
  
$ 166,062
  
$ 140,522
Net realized gain (loss) from investment transactions
1,961
  
(4,520)
  
219,108
  
61,143
Change in net unrealized appreciation (depreciation) of investments
687,198
  
319,815
  
1,398,559
  
792,907
Net increase (decrease) in net assets from operations
839,803
  
434,757
  
1,783,729
  
994,572
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
994,586
  
1,035,855
  
1,230,522
  
1,270,700
Transfers for contract benefits and terminations
(214,975)
  
(225,857)
  
(849,853)
  
(498,261)
Contract maintenance charges
(402,496)
  
(419,696)
  
(505,212)
  
(509,312)
Transfers between subaccounts (including fixed account), net
(217,473)
  
(93,143)
  
(199,937)
  
(111,077)
Net increase (decrease) in net assets from contract transactions
159,643
  
297,159
  
(324,481)
  
152,050
Total increase (decrease) in net assets
999,445
  
731,916
  
1,459,248
  
1,146,622
               
Net assets
              
Beginning of period
6,038,008
  
5,306,092
  
10,764,421
  
9,617,799
End of period
$ 7,037,453
  
$ 6,038,008
  
$ 12,223,669
  
$ 10,764,421
               
Analysis of increase (decrease) in units outstanding
              
Units issued
19,630
  
25,390
  
19,065
  
26,406
Units redeemed
(13,340)
  
(12,786)
  
(28,548)
  
(21,236)
Increase (decrease) in units outstanding
6,290
  
12,604
  
(9,482)
  
5,170
Beginning units
249,869
  
237,265
  
368,323
  
363,153
Ending units
256,159
  
249,869
  
358,841
  
368,323





Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
Fidelity VIP FundsManager Portfolios – Service Class 2 Shares
  
Franklin Templeton Variable Insurance Products Trust – Class 2
 
VIP FundsManager 85% Portfolio
  
Developing Markets VIP Fund
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 142,970
  
$ 120,912
  
$ (27,111)
  
$ 190,801
Net realized gain (loss) from investment transactions
437,680
  
157,352
  
202,934
  
32,727
Change in net unrealized appreciation (depreciation) of investments
1,922,580
  
1,192,227
  
2,628,778
  
185,753
Net increase (decrease) in net assets from operations
2,503,229
  
1,470,491
  
2,804,602
  
409,281
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
1,334,206
  
1,447,518
  
477,548
  
492,108
Transfers for contract benefits and terminations
(957,022)
  
(821,796)
  
(260,964)
  
(253,618)
Contract maintenance charges
(551,964)
  
(576,959)
  
(264,165)
  
(232,344)
Transfers between subaccounts (including fixed account), net
(307,295)
  
(314,367)
  
(481,433)
  
(21,380)
Net increase (decrease) in net assets from contract transactions
(482,074)
  
(265,604)
  
(529,014)
  
(15,234)
Total increase (decrease) in net assets
2,021,155
  
1,204,887
  
2,275,588
  
394,047
               
Net assets
              
Beginning of period
13,410,888
  
12,206,001
  
6,462,133
  
6,068,086
End of period
$ 15,432,043
  
$ 13,410,888
  
$ 8,737,721
  
$ 6,462,133
               
Analysis of increase (decrease) in units outstanding
              
Units issued
16,601
  
23,995
  
3,725
  
11,732
Units redeemed
(29,666)
  
(32,006)
  
(20,899)
  
(12,225)
Increase (decrease) in units outstanding
(13,065)
  
(8,011)
  
(17,174)
  
(493)
Beginning units
405,274
  
413,285
  
255,303
  
255,796
Ending units
392,208
  
405,274
  
238,129
  
255,303


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
Franklin Templeton Variable Insurance Products Trust – Class 2
  
Franklin Templeton Variable Insurance Products Trust – Class 2
 
Small Cap Value VIP Fund
  
Small – Mid Cap Growth VIP Fund
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 87,994
  
$ 62,305
  
$ (89,181)
  
$ (86,483)
Net realized gain (loss) from investment transactions
1,053,246
  
97,319
  
853,832
  
(279,592)
Change in net unrealized appreciation (depreciation) of investments
(45,316)
  
1,372,121
  
(339,092)
  
2,240,773
Net increase (decrease) in net assets from operations
1,095,924
  
1,531,745
  
425,559
  
1,874,698
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
1,274,426
  
1,340,678
  
1,943,426
  
2,109,075
Transfers for contract benefits and terminations
(733,027)
  
(852,847)
  
(954,064)
  
(915,755)
Contract maintenance charges
(480,992)
  
(530,804)
  
(824,178)
  
(885,265)
Transfers between subaccounts (including fixed account), net
98,325
  
(312,233)
  
(228,846)
  
(443,970)
Net increase (decrease) in net assets from contract transactions
158,732
  
(355,206)
  
(63,661)
  
(135,915)
Total increase (decrease) in net assets
1,254,655
  
1,176,539
  
361,897
  
1,738,783
               
Net assets
              
Beginning of period
14,991,692
  
13,815,153
  
19,345,411
  
17,606,628
End of period
$ 16,246,347
  
$ 14,991,692
  
$ 19,707,308
  
$ 19,345,411
               
Analysis of increase (decrease) in units outstanding
              
Units issued
35,841
  
41,243
  
26,743
  
23,784
Units redeemed
(24,940)
  
(38,370)
  
(27,533)
  
(26,412)
Increase (decrease) in units outstanding
10,901
  
2,873
  
(790)
  
(2,628)
Beginning units
419,422
  
416,549
  
454,506
  
457,134
Ending units
430,323
  
419,422
  
453,716
  
454,506



Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
Goldman Sachs Variable Insurance Trust – Institutional Class
  
Goldman Sachs Variable Insurance Trust – Institutional Class
 
Strategic Growth Fund
  
Mid Cap Value Fund
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ (310,865)
  
$ (279,960)
  
$ 37,448
  
$ 13,410
Net realized gain (loss) from investment transactions
6,440,318
  
2,155,369
  
1,484,974
  
910,223
Change in net unrealized appreciation (depreciation) of investments
(568,172)
  
6,573,705
  
(538,666)
  
351,809
Net increase (decrease) in net assets from operations
5,561,280
  
8,449,114
  
983,756
  
1,275,442
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
1,066,089
  
1,118,650
  
472,246
  
503,597
Transfers for contract benefits and terminations
(1,713,579)
  
(1,482,642)
  
(619,555)
  
(590,471)
Contract maintenance charges
(1,176,935)
  
(1,067,750)
  
(464,017)
  
(443,705)
Transfers between subaccounts (including fixed account), net
(769,039)
  
(933,276)
  
139,346
  
(174,208)
Net increase (decrease) in net assets from contract transactions
(2,593,465)
  
(2,365,018)
  
(471,980)
  
(704,787)
Total increase (decrease) in net assets
2,967,816
  
6,084,096
  
511,777
  
570,655
               
Net assets
              
Beginning of period
34,212,411
  
28,128,315
  
12,012,265
  
11,441,610
End of period
$ 37,180,227
  
$ 34,212,411
  
$ 12,524,042
  
$ 12,012,265
               
Analysis of increase (decrease) in units outstanding
              
Units issued
3,740
  
2,219
  
2,955
  
6,769
Units redeemed
(42,619)
  
(45,738)
  
(10,344)
  
(14,752)
Increase (decrease) in units outstanding
(38,878)
  
(43,519)
  
(7,388)
  
(7,983)
Beginning units
554,436
  
597,955
  
181,203
  
189,186
Ending units
515,557
  
554,436
  
173,815
  
181,203





Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025

 
Goldman Sachs Variable Insurance Trust – Institutional Class
  
Janus Henderson
 
Small Cap Equity Insights Fund
  
VIT Balanced Portfolio (Service Shares)
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ (2,822)
  
$ 8,378
  
$ 383,058
  
$ 361,502
Net realized gain (loss) from investment transactions
467,381
  
493,754
  
1,806,354
  
633,731
Change in net unrealized appreciation (depreciation) of investments
312,610
  
321,007
  
1,755,611
  
2,570,768
Net increase (decrease) in net assets from operations
777,169
  
823,139
  
3,945,024
  
3,566,001
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
248,985
  
260,269
  
2,580,967
  
2,734,135
Transfers for contract benefits and terminations
(199,973)
  
(271,387)
  
(1,494,952)
  
(1,290,801)
Contract maintenance charges
(134,561)
  
(138,906)
  
(1,068,589)
  
(1,114,601)
Transfers between subaccounts (including fixed account), net
(106,056)
  
(152,497)
  
(575,497)
  
(189,329)
Net increase (decrease) in net assets from contract transactions
(191,606)
  
(302,521)
  
(558,071)
  
139,404
Total increase (decrease) in net assets
585,564
  
520,618
  
3,386,953
  
3,705,405
               
Net assets
              
Beginning of period
5,155,342
  
4,634,724
  
27,856,049
  
24,150,644
End of period
$ 5,740,906
  
$ 5,155,342
  
$ 31,243,002
  
$ 27,856,049
               
Analysis of increase (decrease) in units outstanding
              
Units issued
7,109
  
17,046
  
34,488
  
45,652
Units redeemed
(7,957)
  
(15,090)
  
(47,795)
  
(40,529)
Increase (decrease) in units outstanding
(848)
  
1,956
  
(13,308)
  
5,123
Beginning units
120,746
  
118,790
  
718,319
  
713,196
Ending units
119,898
  
120,746
  
705,012
  
718,319




Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025

 
Janus Henderson
  
Janus Henderson
 
VIT Enterprise Portfolio (Service Shares)
  
VIT Forty Portfolio (Institutional Shares)
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ (38,212)
  
$ (9,504)
  
$ (533,932)
  
$ (459,261)
Net realized gain (loss) from investment transactions
624,317
  
481,938
  
14,833,676
  
7,752,811
Change in net unrealized appreciation (depreciation) of investments
(274,299)
  
175,829
  
2,242,932
  
14,219,094
Net increase (decrease) in net assets from operations
311,806
  
648,263
  
16,542,675
  
21,512,644
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
149,505
  
154,854
  
5,753,199
  
6,061,627
Transfers for contract benefits and terminations
(182,251)
  
(208,794)
  
(4,623,866)
  
(4,708,982)
Contract maintenance charges
(156,700)
  
(155,473)
  
(3,235,897)
  
(3,298,930)
Transfers between subaccounts (including fixed account), net
(58,076)
  
(108,202)
  
(2,072,602)
  
(2,239,014)
Net increase (decrease) in net assets from contract transactions
(247,522)
  
(317,615)
  
(4,179,166)
  
(4,185,299)
Total increase (decrease) in net assets
64,284
  
330,648
  
12,363,509
  
17,327,345
               
Net assets
              
Beginning of period
4,992,115
  
4,661,467
  
96,333,326
  
79,005,981
End of period
$ 5,056,399
  
$ 4,992,115
  
$ 108,696,835
  
$ 96,333,326
               
Analysis of increase (decrease) in units outstanding
              
Units issued
23,257
  
6,181
  
34,999
  
27,368
Units redeemed
(12,186)
  
(8,820)
  
(102,894)
  
(109,095)
Increase (decrease) in units outstanding
11,071
  
(2,639)
  
(67,896)
  
(81,727)
Beginning units
89,342
  
91,981
  
1,643,246
  
1,724,973
Ending units
100,413
  
89,342
  
1,575,350
  
1,643,246





Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
PIMCO Variable Insurance Trust – Administrative Class Shares
  
PIMCO Variable Insurance Trust – Administrative Class Shares
 
VIT International Bond Portfolio (U.S. Dollar-Hedged)
  
VIT Low Duration Portfolio
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 218,359
  
$ 214,331
  
$ 235,926
  
$ 223,897
Net realized gain (loss) from investment transactions
(18,351)
  
(16,231)
  
(19,881)
  
(15,615)
Change in net unrealized appreciation (depreciation) of investments
48,454
  
145,528
  
125,422
  
45,461
Net increase (decrease) in net assets from operations
248,463
  
343,628
  
341,467
  
253,743
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
667,732
  
720,782
  
649,776
  
677,962
Transfers for contract benefits and terminations
(333,243)
  
(332,135)
  
(306,656)
  
(355,766)
Contract maintenance charges
(368,089)
  
(361,698)
  
(355,411)
  
(340,866)
Transfers between subaccounts (including fixed account), net
162,614
  
335,038
  
517,695
  
366,155
Net increase (decrease) in net assets from contract transactions
129,015
  
361,987
  
505,404
  
347,485
Total increase (decrease) in net assets
377,477
  
705,615
  
846,870
  
601,228
               
Net assets
              
Beginning of period
7,679,656
  
6,974,041
  
7,169,474
  
6,568,246
End of period
$ 8,057,133
  
$ 7,679,656
  
$ 8,016,344
  
$ 7,169,474
               
Analysis of increase (decrease) in units outstanding
              
Units issued
25,063
  
30,163
  
57,548
  
40,984
Units redeemed
(17,929)
  
(12,105)
  
(26,871)
  
(16,785)
Increase (decrease) in units outstanding
7,134
  
18,058
  
30,677
  
24,199
Beginning units
340,954
  
322,896
  
455,130
  
430,931
Ending units
348,088
  
340,954
  
485,807
  
455,130




Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds
  
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds
 
Capital Appreciation Account II
  
Equity Income Account II
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ (21,111)
  
$ (4,227)
  
$ 111,849
  
$ 139,098
Net realized gain (loss) from investment transactions
1,086,755
  
651,448
  
1,740,745
  
496,169
Change in net unrealized appreciation (depreciation) of investments
(226,074)
  
780,940
  
(81,022)
  
960,690
Net increase (decrease) in net assets from operations
839,570
  
1,428,161
  
1,771,573
  
1,595,957
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
235,240
  
249,562
  
512,904
  
549,827
Transfers for contract benefits and terminations
(422,842)
  
(292,635)
  
(546,621)
  
(328,263)
Contract maintenance charges
(147,444)
  
(148,818)
  
(327,566)
  
(304,764)
Transfers between subaccounts (including fixed account), net
(122,575)
  
(151,697)
  
(81,601)
  
(72,069)
Net increase (decrease) in net assets from contract transactions
(457,621)
  
(343,588)
  
(442,884)
  
(155,269)
Total increase (decrease) in net assets
381,949
  
1,084,573
  
1,328,689
  
1,440,688
               
Net assets
              
Beginning of period
7,006,947
  
5,922,374
  
12,601,369
  
11,160,681
End of period
$ 7,388,896
  
$ 7,006,947
  
$ 13,930,058
  
$ 12,601,369
               
Analysis of increase (decrease) in units outstanding
              
Units issued
76,305
  
58,683
  
74,244
  
71,878
Units redeemed
(33,378)
  
(27,538)
  
(41,471)
  
(35,591)
Increase (decrease) in units outstanding
42,927
  
31,145
  
32,773
  
36,287
Beginning units
167,831
  
136,686
  
302,636
  
266,349
Ending units
210,758
  
167,831
  
335,409
  
302,636

Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds
  
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds
 
MidCap Account II
  
SmallCap Account II
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ (146,975)
  
$ (149,272)
  
$ (21,057)
  
$ (19,827)
Net realized gain (loss) from investment transactions
2,769,635
  
2,411,062
  
162,653
  
51,477
Change in net unrealized appreciation (depreciation) of investments
(2,490,102)
  
851,076
  
236,711
  
121,831
Net increase (decrease) in net assets from operations
132,558
  
3,112,866
  
378,308
  
153,481
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
709,996
  
763,409
  
121,771
  
136,613
Transfers for contract benefits and terminations
(971,668)
  
(881,510)
  
(103,912)
  
(127,808)
Contract maintenance charges
(506,265)
  
(522,603)
  
(119,590)
  
(115,833)
Transfers between subaccounts (including fixed account), net
219,692
  
(590,998)
  
19,204
  
(31,409)
Net increase (decrease) in net assets from contract transactions
(548,244)
  
(1,231,702)
  
(82,527)
  
(138,437)
Total increase (decrease) in net assets
(415,686)
  
1,881,164
  
295,780
  
15,044
               
Net assets
              
Beginning of period
18,701,566
  
16,820,402
  
2,733,112
  
2,718,068
End of period
$ 18,285,880
  
$ 18,701,566
  
$ 3,028,892
  
$ 2,733,112
               
Analysis of increase (decrease) in units outstanding
              
Units issued
24,342
  
31,036
  
8,032
  
17,414
Units redeemed
(11,416)
  
(15,463)
  
(11,266)
  
(19,183)
Increase (decrease) in units outstanding
12,926
  
15,573
  
(3,234)
  
(1,769)
Beginning units
100,945
  
85,372
  
158,229
  
159,998
Ending units
113,871
  
100,945
  
154,995
  
158,229

Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025

 
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
  
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
 
SAM Balanced Portfolio
  
SAM Conservative Balanced Portfolio
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 1,235,985
  
$ 915,901
  
$ 280,410
  
$ 222,334
Net realized gain (loss) from investment transactions
5,480,720
  
(232,860)
  
310,513
  
(4,179)
Change in net unrealized appreciation (depreciation) of investments
2,061,185
  
6,513,783
  
668,688
  
668,105
Net increase (decrease) in net assets from operations
8,777,890
  
7,196,824
  
1,259,611
  
886,260
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
6,844,974
  
7,245,392
  
1,357,447
  
1,401,978
Transfers for contract benefits and terminations
(4,233,600)
  
(2,767,035)
  
(706,893)
  
(414,476)
Contract maintenance charges
(3,417,878)
  
(3,388,100)
  
(713,178)
  
(682,569)
Transfers between subaccounts (including fixed account), net
(1,835,979)
  
(670,497)
  
(91,969)
  
(193,910)
Net increase (decrease) in net assets from contract transactions
(2,642,482)
  
419,760
  
(154,593)
  
111,023
Total increase (decrease) in net assets
6,135,408
  
7,616,584
  
1,105,019
  
997,283
               
Net assets
              
Beginning of period
68,173,412
  
60,556,828
  
11,688,691
  
10,691,408
End of period
$ 74,308,820
  
$ 68,173,412
  
$ 12,793,710
  
$ 11,688,691
               
Analysis of increase (decrease) in units outstanding
              
Units issued
127,873
  
295,836
  
48,095
  
38,001
Units redeemed
(214,797)
  
(184,414)
  
(46,611)
  
(28,562)
Increase (decrease) in units outstanding
(86,924)
  
111,422
  
1,484
  
9,439
Beginning units
2,380,649
  
2,269,227
  
487,251
  
477,812
Ending units
2,293,724
  
2,380,649
  
488,735
  
487,251

Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
  
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
 
SAM Conservative Growth Portfolio
  
SAM Flexible Income Portfolio
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 1,407,011
  
$ 993,109
  
$ 76,039
  
$ 60,241
Net realized gain (loss) from investment transactions
12,154,709
  
2,012,924
  
(24,221)
  
(48,133)
Change in net unrealized appreciation (depreciation) of investments
5,861,310
  
14,197,132
  
174,654
  
133,568
Net increase (decrease) in net assets from operations
19,423,029
  
17,203,165
  
226,472
  
145,676
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
11,069,839
  
11,841,278
  
287,961
  
314,084
Transfers for contract benefits and terminations
(8,235,803)
  
(6,972,696)
  
(70,722)
  
(189,055)
Contract maintenance charges
(5,726,144)
  
(5,605,887)
  
(178,235)
  
(173,118)
Transfers between subaccounts (including fixed account), net
(2,155,427)
  
(2,881,217)
  
(4,446)
  
(97,574)
Net increase (decrease) in net assets from contract transactions
(5,047,534)
  
(3,618,522)
  
34,558
  
(145,663)
Total increase (decrease) in net assets
14,375,495
  
13,584,643
  
261,030
  
13
               
Net assets
              
Beginning of period
134,704,245
  
121,119,602
  
2,488,886
  
2,488,873
End of period
$ 149,079,740
  
$ 134,704,245
  
$ 2,749,916
  
$ 2,488,886
               
Analysis of increase (decrease) in units outstanding
              
Units issued
172,148
  
346,085
  
13,976
  
9,922
Units redeemed
(268,159)
  
(321,059)
  
(10,048)
  
(16,147)
Increase (decrease) in units outstanding
(96,012)
  
25,026
  
3,928
  
(6,225)
Beginning units
3,810,308
  
3,785,282
  
118,159
  
124,384
Ending units
3,714,296
  
3,810,308
  
122,087
  
118,159

Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
  
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Equity Funds
 
SAM Strategic Growth Portfolio
  
Diversified International Account I
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 1,241,120
  
$ 635,433
  
$ 18,742
  
$ 24,210
Net realized gain (loss) from investment transactions
17,914,484
  
2,550,247
  
131,036
  
5,438
Change in net unrealized appreciation (depreciation) of investments
8,720,535
  
21,677,925
  
113,381
  
5,363
Net increase (decrease) in net assets from operations
27,876,139
  
24,863,605
  
263,159
  
35,011
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
14,639,480
  
15,364,898
  
53,243
  
51,660
Transfers for contract benefits and terminations
(10,239,616)
  
(8,062,397)
  
(122,650)
  
(18,488)
Contract maintenance charges
(7,003,734)
  
(6,943,204)
  
(22,840)
  
(21,747)
Transfers between subaccounts (including fixed account), net
(3,055,751)
  
(3,014,431)
  
(2,857)
  
(4,598)
Net increase (decrease) in net assets from contract transactions
(5,659,621)
  
(2,655,134)
  
(95,104)
  
6,827
Total increase (decrease) in net assets
22,216,518
  
22,208,471
  
168,055
  
41,838
               
Net assets
              
Beginning of period
178,012,736
  
155,804,265
  
840,655
  
798,817
End of period
$ 200,229,254
  
$ 178,012,736
  
$ 1,008,710
  
$ 840,655
               
Analysis of increase (decrease) in units outstanding
              
Units issued
268,032
  
398,412
  
31,429
  
6,948
Units redeemed
(340,519)
  
(317,142)
  
(32,392)
  
(5,737)
Increase (decrease) in units outstanding
(72,487)
  
81,270
  
(963)
  
1,211
Beginning units
4,557,534
  
4,476,264
  
63,098
  
61,887
Ending units
4,485,047
  
4,557,534
  
62,135
  
63,098

Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Equity Funds
  
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Fixed Income Funds
 
LargeCap Growth Account I
  
Core Plus Bond Account I
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ (1,590)
  
$ (1,574)
  
$ 3,716
  
$ 2,895
Net realized gain (loss) from investment transactions
100,852
  
61,594
  
(6,249)
  
(8,351)
Change in net unrealized appreciation (depreciation) of investments
(37,179)
  
47,388
  
9,031
  
6,018
Net increase (decrease) in net assets from operations
62,083
  
107,408
  
6,499
  
562
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
21,328
  
18,528
  
4,926
  
3,845
Transfers for contract benefits and terminations
—
  
(3,760)
  
—
  
(36,811)
Contract maintenance charges
(8,801)
  
(7,986)
  
(2,040)
  
(1,954)
Transfers between subaccounts (including fixed account), net
(9,884)
  
12,347
  
1,486
  
(782)
Net increase (decrease) in net assets from contract transactions
2,643
  
19,129
  
4,373
  
(35,702)
Total increase (decrease) in net assets
64,725
  
126,537
  
10,871
  
(35,140)
               
Net assets
              
Beginning of period
552,711
  
426,174
  
88,435
  
123,575
End of period
$ 617,436
  
$ 552,711
  
$ 99,306
  
$ 88,435
               
Analysis of increase (decrease) in units outstanding
              
Units issued
21,749
  
11,132
  
3,527
  
578
Units redeemed
(13,842)
  
(5,174)
  
(3,027)
  
(4,099)
Increase (decrease) in units outstanding
7,908
  
5,958
  
500
  
(3,521)
Beginning units
28,211
  
22,253
  
8,706
  
12,227
Ending units
36,119
  
28,211
  
9,206
  
8,706

Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Statements of Changes in Net Assets
Years Ended December 31, 2025


 
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Fixed Income Funds
  
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Fixed Income Funds
 
Government & High Quality Bond Account I
  
Short-Term Income Account I
 
2025
  
2024
  
2025
  
2024
Increase (decrease) in net assets Operations
              
Net investment income (loss)
$ 4,231
  
$ 3,417
  
$ 620
  
$ 368
Net realized gain (loss) from investment transactions
(3,579)
  
(19,034)
  
—
  
—
Change in net unrealized appreciation (depreciation) of investments
8,632
  
15,726
  
91
  
162
Net increase (decrease) in net assets from operations
9,284
  
109
  
711
  
530
               
Increase (decrease) in net assets from contract transactions
              
Payments received from contract owners
5,035
  
5,377
  
2,500
  
2,500
Transfers for contract benefits and terminations
—
  
(21,645)
  
—
  
1
Contract maintenance charges
(2,919)
  
(2,752)
  
(289)
  
(281)
Transfers between subaccounts (including fixed account), net
(28)
  
(2,320)
  
—
  
—
Net increase (decrease) in net assets from contract transactions
2,087
  
(21,340)
  
2,211
  
2,220
Total increase (decrease) in net assets
11,372
  
(21,231)
  
2,922
  
2,750
               
Net assets
              
Beginning of period
120,883
  
142,114
  
12,833
  
10,083
End of period
$ 132,255
  
$ 120,883
  
$ 15,755
  
$ 12,833
               
Analysis of increase (decrease) in units outstanding
              
Units issued
5,084
  
7,970
  
195
  
206
Units redeemed
(5,071)
  
(10,569)
  
—
  
—
Increase (decrease) in units outstanding
13
  
(2,599)
  
195
  
206
Beginning units
12,427
  
15,026
  
1,165
  
959
Ending units
12,441
  
12,427
  
1,360
  
1,165



Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025


1.
The Company

The Farmers Variable Life Separate Account A (the “Account”), a unit investment trust registered under the Investment Company Act of 1940, as amended, was established by Farmers New World Life Insurance Company (the “Company”) during 2000 and exists in accordance with the regulations of the Washington State Office of the Insurance Commissioner.  The Company is a wholly owned subsidiary of Farmers Group, Inc. (“FGI”), whose ultimate parent is Zurich Insurance Group Ltd.  FGI, an insurance holding company that provides management services, is attorney-in-fact for three inter-insurance exchanges and their subsidiaries.

Under applicable insurance law, the assets and liabilities of the Account are clearly identified and distinguished from the Company’s other assets and liabilities.  The portion of the Account’s assets applicable to the Variable Universal Life, Life Accumulator and EssentialLife Variable Universal Life policies is not chargeable with liabilities arising out of any other business the Company may conduct, but the obligations of the Account, including benefits related to variable life insurance, are obligations of the Company.

The Account is a funding vehicle for individual variable universal life policies, which may consist of optional riders for additional insurance benefits.  Investments are made in the underlying mutual fund portfolios and are valued at the reported net asset values of such portfolios, which value their investment securities at fair value.  Investment transactions are recorded on a trade date basis.  The deposits collected for these policies are invested, at the direction of the policyholders, in the subaccounts that comprise the Account.  The Account is currently composed of fifty-seven subaccounts.  The value of each subaccount will increase or decrease, depending on the investment performance of the corresponding portfolio less mortality and expenses charged by the company. The risk of unfavorable investment performance is borne by the policyholder. The subaccounts invest in the following underlying mutual fund portfolios (collectively, the “Funds”).

The Variable Universal Life portfolio includes:

American Funds Insurance Series
Asset Allocation Fund
Capital Income Builder Fund
Capital World Growth and Income Fund
Global Growth Fund
Growth Fund
Growth-Income Fund
International Fund
BNY Mellon Sustainable U.S. Equity Portfolio, Inc. – Service Class Shares
Sustainable U.S. Equity Portfolio
BNY Mellon Variable Investment Fund – Service Class Shares
Opportunistic Small Cap Portfolio
Calvert Variable Series, Inc.
VP SRI Mid Cap Portfolio
DWS Investments VIT Funds – Class B Shares
DWS Equity 500 Index VIP
DWS Variable Series I – Class A Shares
DWS Core Equity VIP
DWS CROCI International VIP
DWS Global Small Cap VIP
Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

1.
The Company, continued

DWS Variable Series I – Class A Shares
DWS CROCI U.S. VIP
DWS Government Money Market VIP
DWS High Income VIP
DWS Small Mid Cap Growth VIP
Fidelity Variable Insurance Products ("VIP") Funds – Service Class
VIP Growth Portfolio
VIP Index 500 Portfolio
VIP Mid Cap Portfolio
Fidelity VIP Freedom Funds – Service Class 2 Shares
VIP Freedom 2010 Portfolio
VIP Freedom 2015 Portfolio
VIP Freedom 2020 Portfolio
VIP Freedom 2025 Portfolio
VIP Freedom 2030 Portfolio
VIP Freedom Income Portfolio
Fidelity VIP FundsManager Portfolios – Service Class 2 Shares
VIP FundsManager 20% Portfolio
VIP FundsManager 50% Portfolio
VIP FundsManager 70% Portfolio
VIP FundsManager 85% Portfolio
Franklin Templeton Variable Insurance Products Trust – Class 2
Developing Markets VIP Fund
Small Cap Value VIP Fund
Small – Mid Cap Growth VIP Fund
Goldman Sachs Variable Insurance Trust – Institutional Class
Strategic Growth Fund
Mid Cap Value Fund
Small Cap Equity Insights Fund
Janus Henderson
VIT Balanced Portfolio (Service Shares)
VIT Enterprise Portfolio (Service Shares)
VIT Forty Portfolio (Institutional Shares)
PIMCO Variable Insurance Trust – Administrative Class Shares
VIT International Bond Portfolio (U.S. Dollar-Hedged)
VIT Low Duration Portfolio
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds
Capital Appreciation Account II
Equity Income Account II
MidCap Account II
SmallCap Account II







Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

1.
The Company, continued

Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
SAM Balanced Portfolio
SAM Conservative Balanced Portfolio
SAM Conservative Growth Portfolio
SAM Flexible Income Portfolio
SAM Strategic Growth Portfolio
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Equity Funds
Diversified International Account I
LargeCap Growth Account I
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Fixed Income Funds
Core Plus Bond Account I
Government & High Quality Bond Account I
Short-Term Income Account I
 
 

The Company owns the assets in the Account, and is obligated to pay all benefits under the policies the Company issues.  The Company provides insurance and administrative services to the policyholders for a fee.  The Company also maintains a fixed account (the “Fixed Account”), to which policyholders may direct their deposits and receive a fixed rate of return.

The Company has sole discretion to invest the assets of the Fixed Account, subject to applicable law.  Certain officers of the Account are also officers and directors of the Company.

The Company suspended issuance of new variable universal life effective February 28, 2024.



The remainder of this page is intentionally left blank.


























Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

2. Significant Accounting Policies

The accompanying financial statements are prepared in conformity with U.S. generally accepted accounting principles (“US GAAP”). The Account is considered an investment company under US GAAP and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, Financial Services – Investment Companies .  The significant accounting policies adopted by the Company are as follows:

Use of Estimates in the Preparation of Financial Statements
The preparation of financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.  Actual results could differ from those estimates.

Valuation of Investments and Accumulation Unit Values
Investments consist of shares of the Funds and are stated at fair value based on the reported net asset value ("NAV") per share of the respective portfolios at December 31, 2025.  Accumulation unit values are computed daily based on the change in fair market value of the NAV of the Fund less mortality and expense risk charges for the subaccount.  For dividends and capital distributions received by the funds, the accumulation values are calculated with the dividend and capital distribution amount added back to the change in the fair market value of the NAV.

Realized Gains and Losses
Realized gains and losses represent the difference between the proceeds from sales of shares and the cost of such shares, which are determined using the specific identified cost method.

Federal Income Tax
The operations of the Account are included in the federal income tax return of the Company, which is taxed as a life insurance company under the provisions of the Internal Revenue Code (“IRC”).  Under the current provisions of the IRC, the Company does not expect to incur federal income taxes on the earnings of the Account to the extent the earnings are credited under the policies.  Therefore, no charge is being made currently to the Account for federal income taxes.  The Company will review periodically the status of this policy in the event of changes in tax law. A change may be made in future years for any federal income taxes that would be attributable to the policies.

Dividends
Dividend income received by the Funds are reinvested in the Fund and are recognized on the ex-distribution date.

Capital Gain Distributions
Capital gain distributions received by the Funds are reinvested in the Fund and are recognized on the ex-distribution date.

Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

2. Significant Accounting Policies

Fair Value Measurements
The Company determines the fair value of its financial instruments based on the fair value hierarchy established in FASB guidance referenced in the Accounting Standards Codification Topic 820 ("ASC 820"), Fair Value Measurements and Disclosure, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.

The Company has categorized its financial instruments based on the priority of the inputs to the valuation technique, into the three level hierarchy.  The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3).  If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument.

Financial assets and liabilities recorded at fair value on the Statement of Assets and Liabilities are categorized as follows:
•
Level 1:  Unadjusted quoted prices for identical assets or liabilities in an active market.
•
Level 2: Quoted prices in markets that are not active or significant inputs that are observable either directly or indirectly.  Level 2 inputs include the following:
a.
Quoted prices for similar assets or liabilities in active markets
b.
Quoted prices for identical or similar assets or liabilities in non-active markets
c.
Inputs other than quoted market prices that are observable
d.
Inputs that are derived principally from or corroborated by observable market data through correlation or other means.
•
Level 3:  Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement.  They reflect management’s own judgements about the assumptions a market participant would use in pricing the asset or liability.

Determination of Fair Values
The valuation methodologies used to determine the fair values of assets and liabilities reflect market participant assumptions and are based on the application of the fair value hierarchy that prioritizes observable market inputs over unobservable inputs.  The Company determines the fair values of certain financial assets based on quoted market prices.  All of the investments in the subaccounts of the Separate Account are classified as Level 1 in the fair value hierarchy and consist of open-ended mutual funds.  Participants may, without restriction, transact at the daily NAV of the funds. The NAV represents the daily per share value of the portfolio of investments of the mutual funds, at which sufficient volumes of transactions occur.  As there were no Level 2 or Level 3 assets in any period presented, disclosure of transfer between levels or a reconciliation of Level 3 assets is not required.
Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

3. Expenses, Contract Maintenance Charges and Related Party Transactions

Fees and Charges
Variable Universal Life
Life Accumulator
Essential Life Variable Universal Life
Expenses
      
Mortality and Expense Risk Charge
      
Basic Charges are assessed through reduction of unit values
0.90%
0.25% - 0.70%
0.30% - 0.60%
Contract Maintenance Charges
      
Premium Charges
      
Charge is deducted upon payment of each premium
3.50%
4.25%
3% - 7%
Partial Withdrawal Charge
      
Charge is deducted upon cash withdrawal
2.0% not to exceed $25
2.0% not to exceed $25
2.0% not to exceed $25
Surrender Charge
      
Charge is deducted upon full surrender
N/A
$11.52 - $51.68 per $1,000 of face amount
N/A
Deferred Sales Charge Component
$50 - $75 per $1,000 of face amount
N/A
$3 - $44.40 per $1,000 of face amount
Administrative Component
$5.32 - $17.50 per $1,000 of face amount
N/A
$3 - $44.40 per $1,000 of face amount
Increase in Principal Sum Charge
      
Charge is deducted upon increase in principal sum
$1.50 per $1,000 not to exceed $300
N/A
N/A
Transfer Charge
      
This charge is assessed through the redemption of units
$0 - $25
$0 - $25
$0 - $25
Additional Annual Report Fee
      
This charge is assessed through the redemption of units
$5
$5
$0 - $25
Monthly Administration Charge
      
This charge is assessed monthly through the redemption of units, on the issue date and on each monthly due date
$5 - $8
$7 - $10
$12
Cost of Insurance Charge
      
This charge is assessed monthly through the redemption of units, on the issue date and on each monthly due date
$0.06 - $83.07 per $1,000 of benefit amount
$0.06 - $83.33 per $1,000 of benefit amount
$0.01 - $37.12 per $1,000 of benefit amount
Table Rating Factor Charge
      
This factor is multiplied by cost of insurance charge monthly on the issue date and on each monthly due date.
N/A
N/A
Up to five times the cost of insurance charge. The Table Rating Factor charge for most policies is $0
Table Rating Factor Charge
      
This charge is assessed monthly through the redemption of units, on the issue date and on each monthly due date
Up to five times the cost of insurance charge. The Table Rating Factor charge for most policies is $0
Up to five times the cost of insurance charge. The Table Rating Factor charge for most policies is $0
N/A





Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

3. Expenses, Contract Maintenance Charges and Related Party Transactions

Fees and Charges
Variable Universal Life
Life Accumulator
Essential Life Variable Universal Life
Contract Charges
      
Flat Extra Monthly Charge
      
This charge is assessed monthly through the redemption of units, on issue date and on each monthly due date
$0 - $1,000 per $1,000 of benefit amount
$0 - $1,000 per $1,000 of benefit amount
$0 - $1,000 per $1,000 of benefit amount
Monthly Underwriting and Sales Charge
      
This charge is assessed monthly through the redemption of units, on issue date and on each monthly due date during the first five years and within five years after any increase in principal sum
N/A
$0.24 - $0.88 per benefit amount
$0.06 - $2.21 per $1,000 of benefit amount
Loan Interest Spread
      
Assessed at the end of each policy year, at which point interest is added to the outstanding loan balance and a smaller amount of interest is credited to the policy’s fixed account
1.5% - 5.0% of the policy loan balance
0.25 % of the policy loan balance
2% - 4% of the policy loan balance
Accidental Death Benefit Rider
      
This charge is assessed monthly through the redemption of units, on issue date and on each monthly due date
$0.04 - $0.38 per $1,000 of rider
N/A
$0.04 - $0.56 per $1,000 of rider
Accelerated Benefit Rider for Terminal Illness
      
This charge is assessed when benefit is paid under this rider
$0 - $250 plus the actuarial discount
$0 - $250 plus the actuarial discount
$0 - $250 plus the actuarial discount
Monthly Disability Benefit Rider
      
This charge is assessed monthly through the redemption of units, on the issue date and on each monthly due date
$4 - $40 per $100 of monthly benefit
$4 - $40 per $100 of monthly benefit
$4 - $62 per $100 of monthly benefit
Disability Waiver Rider
      
This charge is assessed monthly on the issue date and on each monthly due date
4% - 40% of all other monthly charges
N/A
N/A
Waiver of Deduction Rider
      
This charge is assessed monthly on the issue date and on each monthly due date
N/A
N/A
4% - 60% of all other monthly charges
Children’s Term Rider
      
This charge is assessed monthly through the redemption of units, on issue date and on each monthly due date
$0.78 - $0.87 per $1,000 of rider amount
N/A
$0.78 - $0.87 per $1,000 of rider amount
Additional Insured Term Rider
      
This charge is assessed monthly through the redemption of units, on issue date and on each monthly due date
$0.09 - $4.35 per $1,000 of rider amount
N/A
N/A
Accelerated Death Benefit Rider
      
This charge is deducted upon benefit payment
Charge per $1,000 of the amount of death benefit accelerated plus the actuuarial discount
N/A
N/A

Portfolio Operating Expenses
The value of the net assets of each subaccount is reduced by the investment management, 12b-1 fees and service fees in some cases, and other expenses incurred by the corresponding portfolio in which the subaccount invests. These fees and expenses are paid indirectly, through a reduction in unit values, by the contract holders, which currently range up to 2%.
Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

3. Expenses, Contract Maintenance Charges and Related Party Transactions

Related Party Transactions
Farmers Financial Solutions, LLC ("FFS"), a wholly-owned subsidiary of Farmers Exchanges, is the principal underwriter and distributor for the separate account. FFS may receive compensation from some of the portfolios' service providers for administrative and other services performed relating to Variable Account operations.

The remainder of this page is intentionally left blank.

Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

4. Purchases and Sales of Investments

The aggregate cost of the shares acquired and the aggregate proceeds from shares sold during the period ended December 31, 2025 consist of the following:

   
Purchases
  
Sales
American Funds Insurance Series
        
Asset Allocation Fund
  
$ 1,829,688
  
$ 806,236
Capital Income Builder Fund
  
$ 1,194,213
  
$ 692,794
Capital World Growth and Income Fund
  
$ 1,182,713
  
$ 753,557
Global Growth Fund
  
$ 2,976,553
  
$ 1,566,237
Growth Fund
  
$ 10,189,117
  
$ 4,286,519
Growth-Income Fund
  
$ 6,114,824
  
$ 1,523,062
International Fund
  
$ 542,745
  
$ 460,740
BNY Mellon Sustainable U.S. Equity Portfolio, Inc. – Service Class Shares
        
Sustainable U.S. Equity Portfolio
  
$ 848,360
  
$ 502,547
BNY Mellon Variable Investment Fund – Service Class Shares
        
Opportunistic Small Cap Portfolio
  
$ 525,368
  
$ 818,754
Calvert Variable Series, Inc.
        
VP SRI Mid Cap Portfolio
  
$ 24,609
  
$ 49,114
DWS Investments VIT Funds – Class B Shares
        
DWS Equity 500 Index VIP
  
$ 1,281,602
  
$ 868,265
DWS Variable Series I – Class A Shares
        
DWS Core Equity VIP
  
$ 772,049
  
$ 375,345
DWS CROCI International VIP
  
$ 1,009,791
  
$ 2,577,809
DWS Global Small Cap VIP
  
$ 1,963,215
  
$ 1,196,432
DWS CROCI U.S. VIP
  
$ 5,812,150
  
$ 3,198,083
DWS Government Money Market VIP
  
$ 1,713,219
  
$ 1,620,781
DWS High Income VIP
  
$ 1,108,640
  
$ 509,070
DWS Small Mid Cap Growth VIP
  
$ 43,820
  
$ 23,672
Fidelity Variable Insurance Products ("VIP") Funds – Service Class
        
VIP Growth Portfolio
  
$ 17,819,538
  
$ 7,397,495
VIP Index 500 Portfolio
  
$ 5,032,229
  
$ 7,687,538
VIP Mid Cap Portfolio
  
$ 7,862,309
  
$ 3,127,503
Fidelity VIP Freedom Funds – Service Class 2 Shares
        
VIP Freedom 2010 Portfolio
  
$ 40,437
  
$ 26,715
VIP Freedom 2015 Portfolio
  
$ 40,171
  
$ 7,645
VIP Freedom 2020 Portfolio
  
$ 264,542
  
$ 66,448
VIP Freedom 2025 Portfolio
  
$ 302,049
  
$ 242,928
VIP Freedom 2030 Portfolio
  
$ 1,625,502
  
$ 1,065,336
VIP Freedom Income Portfolio
  
$ 161,791
  
$ 157,136



Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

4. Purchases and Sales of Investments

   
Purchases
  
Sales
Janus Henderson
        
VIT Balanced Portfolio (Service Shares)
  
$ 2,739,128
  
$ 2,016,353
VIT Enterprise Portfolio (Service Shares)
  
$ 774,341
  
$ 637,882
VIT Forty Portfolio (Institutional Shares)
  
$ 14,334,750
  
$ 6,877,880
PIMCO Variable Insurance Trust – Administrative Class Shares
        
VIT International Bond Portfolio (U.S. Dollar-Hedged)
  
$ 782,910
  
$ 435,536
VIT Low Duration Portfolio
  
$ 1,187,760
  
$ 446,431
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds
        
Capital Appreciation Account II
  
$ 1,664,875
  
$ 1,588,919
Equity Income Account II
  
$ 2,509,701
  
$ 1,582,985
MidCap Account II
  
$ 2,997,456
  
$ 1,359,274
SmallCap Account II
  
$ 272,810
  
$ 229,218
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
        
SAM Balanced Portfolio
  
$ 9,646,271
  
$ 5,691,898
SAM Conservative Balanced Portfolio
  
$ 1,449,751
  
$ 1,033,145
SAM Conservative Growth Portfolio
  
$ 16,282,889
  
$ 9,823,043
SAM Flexible Income Portfolio
  
$ 318,193
  
$ 207,596
SAM Strategic Growth Portfolio
  
$ 22,819,856
  
$ 13,005,909
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Equity Funds
        
Diversified International Account I
  
$ 474,000
  
$ 495,353
LargeCap Growth Account I
  
$ 365,383
  
$ 271,870
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Fixed Income Funds
        
Core Plus Bond Account I
  
$ 40,132
  
$ 32,043
Government & High Quality Bond Account I
  
$ 58,249
  
$ 51,931
Short-Term Income Account I
  
$ 2,871
  
$ 40




The remainder of this page is intentionally left blank
















Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

5. Units Issued and Redeemed

 
Variable Universal Life
 
 
Year
Units Outstanding December 31, Prior Year
Units Issued
Units Redeemed
Units Outstanding
Accumulation Unit Value December 31, Year End
BNY Mellon Sustainable U.S. Equity Portfolio, Inc. – Service Class Shares subaccounts
      
Sustainable U.S. Equity Portfolio
2025
7,569
475
(1,085)
6,958
$ 44.63
 
2024
8,611
1,029
(2,071)
7,569
$ 38.93
BNY Mellon Variable Investment Fund – Service Class Shares subaccounts
      
Opportunistic Small Cap Portfolio
2025
214,545
6,055
(11,095)
209,506
$ 28.65
 
2024
221,999
5,189
(12,643)
214,545
$ 26.12
Calvert Variable Series, Inc. subaccounts
      
VP SRI Mid Cap Portfolio
2025
7,474
321
(1,365)
6,431
$ 34.64
 
2024
7,605
304
(435)
7,474
$ 34.45
DWS Variable Series I – Class A Shares subaccounts
      
DWS Core Equity VIP
2025
125,962
1,977
(6,536)
121,403
$ 55.18
 
2024
132,568
839
(7,445)
125,962
$ 47.65
DWS CROCI International VIP
2025
1,696,572
20,843
(177,436)
1,539,980
$ 13.86
 
2024
1,676,621
74,829
(54,878)
1,696,572
$ 9.65
DWS Global Small Cap VIP
2025
376,752
8,136
(21,967)
362,921
$ 39.02
 
2024
387,887
8,106
(19,241)
376,752
$ 32.67
DWS Variable Series II – Class A Shares subaccounts
      
DWS CROCI U.S. VIP
2025
815,392
14,109
(44,593)
784,908
$ 61.06
 
2024
856,575
8,018
(49,201)
815,392
$ 52.57
DWS Government Money Market VIP
2025
1,226,395
55,909
(65,074)
1,217,230
$ 12.49
 
2024
1,202,276
71,556
(47,437)
1,226,395
$ 12.12
DWS High Income VIP
2025
201,662
5,493
(9,780)
197,375
$ 32.87
 
2024
202,599
7,105
(8,042)
201,662
$ 30.44
DWS Small Mid Cap Growth VIP
2025
38,330
928
(1,753)
37,505
$ 13.32
 
2024
42,292
668
(4,630)
38,330
$ 12.43
Fidelity Variable Insurance Products ("VIP") Funds – Service Class subaccounts
      
VIP Growth Portfolio
2025
736,810
4,631
(46,185)
695,256
$ 75.39
 
2024
788,281
8,003
(59,474)
736,810
$ 66.27
VIP Index 500 Portfolio
2025
742,100
6,695
(51,159)
697,636
$ 66.63
 
2024
784,643
10,539
(53,082)
742,100
$ 57.14
VIP Mid Cap Portfolio
2025
187,722
3,852
(10,214)
181,359
$ 86.13
 
2024
195,543
2,477
(10,298)
187,722
$ 77.83


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

5. Units Issued and Redeemed

 
Variable Universal Life
 
 
Year
Units Outstanding December 31, Prior Year
Units Issued
Units Redeemed
Units Outstanding
Accumulation Unit Value December 31, Year End
Franklin Templeton Variable Insurance Products Trust – Class 2 subaccounts
      
Developing Markets VIP Fund
2025
255,303
3,725
(20,899)
238,129
$ 36.69
 
2024
255,796
11,732
(12,225)
255,303
$ 25.31
Small – Mid Cap Growth VIP Fund
2025
122,754
3,494
(7,400)
118,849
$ 43.30
 
2024
128,773
2,259
(8,278)
122,754
$ 42.62
Small Cap Value VIP Fund
2025
119,522
4,244
(4,756)
119,010
$ 44.44
 
2024
123,840
2,425
(6,743)
119,522
$ 41.66
Goldman Sachs Variable Insurance Trust – Institutional Class subaccounts
      
Mid Cap Value Fund
2025
173,509
2,838
(9,183)
167,164
$ 74.24
 
2024
184,097
1,635
(12,223)
173,509
$ 68.47
Small Cap Equity Insights Fund
2025
85,636
2,106
(5,473)
82,270
$ 58.92
 
2024
91,093
1,150
(6,607)
85,636
$ 51.18
Strategic Growth Fund
2025
554,436
3,740
(42,619)
515,558
$ 72.12
 
2024
597,955
2,219
(45,738)
554,436
$ 61.71
Janus Henderson subaccounts
      
VIT Balanced Portfolio (Service Shares)
2025
115,306
5,240
(9,807)
110,739
$ 51.41
 
2024
119,072
6,298
(10,064)
115,306
$ 45.18
VIT Enterprise Portfolio (Service Shares)
2025
70,604
1,157
(4,779)
66,982
$ 65.81
 
2024
75,383
1,130
(5,909)
70,604
$ 61.82
VIT Forty Portfolio (Institutional Shares)
2025
915,795
7,150
(66,205)
856,740
$ 63.64
 
2024
987,933
3,073
(75,211)
915,795
$ 54.35
PIMCO Variable Insurance Trust – Administrative Class Shares subaccounts
      
VIT International Bond Portfolio (U.S. Dollar-Hedged)
2025
195,822
7,652
(10,861)
192,614
$ 25.49
 
2024
191,457
10,296
(5,931)
195,822
$ 24.75
VIT Low Duration Portfolio
2025
305,626
35,898
(15,484)
326,040
$ 17.55
 
2024
297,214
17,822
(9,410)
305,626
$ 16.78
Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

5. Units Issued and Redeemed

 
Variable Universal Life
 
 
Year
Units Outstanding December 31, Prior Year
Units Issued
Units Redeemed
Units Outstanding
Accumulation Unit Value December 31, Year End
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds subaccounts
      
Capital Appreciation Account II
2025
62,244
734
(6,597)
56,381
$ 74.74
 
2024
65,185
762
(3,703)
62,244
$ 66.60
Equity Income Account II
2025
173,814
2,982
(9,719)
167,077
$ 65.35
 
2024
175,951
3,497
(5,634)
173,814
$ 57.22
MidCap Account II
2025
56,681
1,282
(2,913)
55,049
$ 314.76
 
2024
60,719
462
(4,500)
56,681
$ 312.83
SmallCap Account II
2025
140,741
5,679
(10,163)
136,256
$ 20.35
 
2024
148,044
3,023
(10,326)
140,741
$ 17.89
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios subaccounts
      
SAM Balanced Portfolio
2025
451,958
6,380
(23,418)
434,920
$ 43.52
 
2024
461,630
11,805
(21,477)
451,958
$ 38.64
SAM Conservative Balanced Portfolio
2025
89,572
1,423
(5,701)
85,293
$ 32.93
 
2024
92,300
1,628
(4,356)
89,572
$ 29.86
SAM Conservative Growth Portfolio
2025
1,114,783
14,448
(65,878)
1,063,353
$ 53.58
 
2024
1,170,855
16,471
(72,543)
1,114,783
$ 46.88
SAM Flexible Income Portfolio
2025
30,926
1,181
(1,865)
30,242
$ 27.06
 
2024
32,530
828
(2,432)
30,926
$ 24.90
SAM Strategic Growth Portfolio
2025
1,272,046
19,930
(71,106)
1,220,870
$ 61.48
 
2024
1,314,906
24,115
(66,975)
1,272,046
$ 53.20





The remainder of this page is intentionally left blank.



Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

5. Units Issued and Redeemed

 
Life Accumulator - During Years 11 through 20
 
 
Year
Units Outstanding December 31, Prior Year
Units Issued
Units Redeemed
Units Outstanding
Accumulation Unit Value December 31, Year End
DWS Investments VIT Funds – Class B Shares subaccounts
      
DWS Equity 500 Index VIP
2025
42,874
594
(19,165)
24,303
$ 47.82
 
2024
97,973
5,033
(60,132)
42,874
$ 40.93
DWS Variable Series II – Class A Shares subaccounts
      
DWS CROCI U.S. VIP
2025
14,813
378
(9,250)
5,940
$ 25.01
 
2024
17,930
314
(3,431)
14,813
$ 21.41
Fidelity Variable Insurance Products ("VIP") Funds – Service Class subaccounts
      
VIP Growth Portfolio
2025
33,029
911
(12,513)
21,427
$ 69.62
 
2024
36,378
1,190
(4,539)
33,029
$ 60.84
Franklin Templeton Variable Insurance Products Trust – Class 2 subaccounts
      
Small Cap Value VIP Fund
2025
29,966
965
(5,539)
25,392
$ 28.18
 
2024
41,827
1,134
(12,995)
29,966
$ 26.25
Goldman Sachs Variable Insurance Trust – Institutional Class subaccounts
      
Mid Cap Value Fund
2025
2,611
98
(1,029)
1,680
$ 29.94
 
2024
5,089
40
(2,518)
2,611
$ 27.45
Small Cap Equity Insights Fund
2025
19,820
440
(2,354)
17,906
$ 33.88
 
2024
27,697
586
(8,463)
19,820
$ 29.26
Janus Henderson subaccounts
      
VIT Enterprise Portfolio (Service Shares)
2025
14,158
265
(7,230)
7,193
$ 43.33
 
2024
16,598
441
(2,881)
14,158
$ 40.46
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Equity Funds subaccounts
      
Diversified International Account I
2025
59,555
2,160
(26,688)
35,027
$ 17.78
 
2024
61,887
3,336
(5,668)
59,555
$ 13.47
LargeCap Growth Account I
2025
20,596
352
(13,620)
7,328
$ 24.15
 
2024
22,253
3,501
(5,158)
20,596
$ 21.74


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

5. Units Issued and Redeemed

 
Life Accumulator - During Years 11 through 20
 
 
Year
Units Outstanding December 31, Prior Year
Units Issued
Units Redeemed
Units Outstanding
Accumulation Unit Value December 31, Year End
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Fixed Income Funds subaccounts
      
Core Plus Bond Account I
2025
8,413
431
(3,018)
5,825
$ 10.89
 
2024
12,227
284
(4,098)
8,413
$ 10.17
Government & High Quality Bond Account I
2025
4,871
276
(4,994)
153
$ 10.21
 
2024
15,026
407
(10,562)
4,871
$ 9.49
Short-Term Income Account I
2025
1,165
195
—
1,360
$ 11.59
 
2024
959
206
—
1,165
$ 11.02
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds subaccounts
      
Capital Appreciation Account II
2025
49,619
898
(24,922)
25,596
$ 48.07
 
2024
71,501
1,844
(23,726)
49,619
$ 42.58
Equity Income Account II
2025
62,620
909
(29,430)
34,099
$ 34.23
 
2024
90,398
2,161
(29,939)
62,620
$ 29.79
MidCap Account II
2025
14,049
170
(7,784)
6,434
$ 41.53
 
2024
24,653
345
(10,949)
14,049
$ 41.03
SmallCap Account II
2025
3,391
420
(1,051)
2,760
$ 21.69
 
2024
11,954
290
(8,853)
3,391
$ 18.95
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios subaccounts
      
SAM Balanced Portfolio
2025
71,137
1,034
(39,539)
32,632
$ 24.41
 
2024
173,102
7,147
(109,112)
71,137
$ 21.55
SAM Conservative Balanced Portfolio
2025
23,219
819
(14,901)
9,138
$ 19.79
 
2024
28,722
1,902
(7,405)
23,219
$ 17.83
SAM Conservative Growth Portfolio
2025
107,341
2,769
(36,632)
73,478
$ 29.26
 
2024
212,216
5,549
(110,424)
107,341
$ 25.45
SAM Flexible Income Portfolio
2025
13,921
735
(4,514)
10,142
$ 17.07
 
2024
15,369
924
(2,372)
13,921
$ 15.62
SAM Strategic Growth Portfolio
2025
184,313
5,826
(70,086)
120,052
$ 32.97
 
2024
302,351
10,488
(128,526)
184,313
$ 28.36



The remainder of this page intentionally left blank.


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

5. Units Issued and Redeemed

 
Life Accumulator - During Year 20 and beyond
 
 
Year
Units Outstanding December 31, Prior Year
Units Issued
Units Redeemed
Units Outstanding
Accumulation Unit Value December 31, Year End
DWS Investments VIT Funds – Class B Shares subaccounts
      
DWS Equity 500 Index VIP
2025
168,815
59,343
(518)
227,639
$ 15.50
 
2024
—
168,883
(68)
168,815
$ 13.26
DWS Variable Series II – Class A Shares subaccounts
      
DWS CROCI U.S. VIP
2025
3,138
3,150
(65)
6,223
$ 14.57
 
2024
—
3,144
(6)
3,138
$ 12.46
Fidelity Variable Insurance Products ("VIP") Funds – Service Class subaccounts
      
VIP Growth Portfolio
2025
11,781
46,476
(527)
57,729
$ 16.33
 
2024
—
11,855
(74)
11,781
$ 14.26
Franklin Templeton Variable Insurance Products Trust – Class 2 subaccounts
      
Small Cap Value VIP Fund
2025
22,847
10,920
(190)
33,577
$ 12.50
 
2024
—
22,879
(32)
22,847
$ 11.64
Goldman Sachs Variable Insurance Trust – Institutional Class subaccounts
      
Mid Cap Value Fund
2025
5,083
19
(132)
4,970
$ 12.87
 
2024
—
5,094
(11)
5,083
$ 11.79
Small Cap Equity Insights Fund
2025
15,289
4,563
(130)
19,721
$ 14.56
 
2024
—
15,310
(21)
15,289
$ 12.57
Janus Henderson subaccounts
      
VIT Enterprise Portfolio (Service Shares)
2025
4,579
21,834
(176)
26,237
$ 12.84
 
2024
—
4,610
(31)
4,579
$ 11.98
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Equity Funds subaccounts
      
Diversified International Account I
2025
3,543
29,269
(5,705)
27,107
$ 14.24
 
2024
—
3,612
(69)
3,543
$ 10.78
LargeCap Growth Account I
2025
7,615
21,398
(222)
28,790
$ 15.30
 
2024
—
7,631
(16)
7,615
$ 13.77
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Fixed Income Funds subaccounts
      
Core Plus Bond Account I
2025
293
3,097
(9)
3,381
$ 10.60
 
2024
—
294
(1)
293
$ 9.89
Government & High Quality Bond Account I
2025
7,556
4,808
(76)
12,287
$ 10.64
 
2024
—
7,563
(7)
7,556
$ 9.88

Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

5. Units Issued and Redeemed

 
Life Accumulator - During Year 20 and beyond
 
 
Year
Units Outstanding December 31, Prior Year
Units Issued
Units Redeemed
Units Outstanding
Accumulation Unit Value December 31, Year End
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds subaccounts
      
Capital Appreciation Account II
2025
55,968
74,673
(1,859)
128,782
$ 15.10
 
2024
—
56,077
(109)
55,968
$ 13.37
Equity Income Account II
2025
66,205
70,353
(2,323)
134,235
$ 13.73
 
2024
—
66,220
(15)
66,205
$ 11.95
MidCap Account II
2025
30,216
22,891
(719)
52,388
$ 13.20
 
2024
—
30,229
(13)
30,216
$ 13.03
SmallCap Account II
2025
14,100
1,934
(52)
15,981
$ 12.31
 
2024
—
14,101
(1)
14,100
$ 10.75
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios subaccounts
      
SAM Balanced Portfolio
2025
191,752
57,111
(50,032)
198,831
$ 12.94
 
2024
—
191,819
(67)
191,752
$ 11.41
SAM Conservative Balanced Portfolio
2025
8,945
24,846
(6,790)
27,002
$ 11.96
 
2024
—
8,949
(4)
8,945
$ 10.78
SAM Conservative Growth Portfolio
2025
218,438
82,538
(28,581)
272,394
$ 13.65
 
2024
—
218,533
(95)
218,438
$ 11.87
SAM Flexible Income Portfolio
2025
1,834
6,457
(5)
8,286
$ 11.47
 
2024
—
1,834
—
1,834
$ 10.49
SAM Strategic Growth Portfolio
2025
247,242
150,844
(49,474)
348,612
$ 14.16
 
2024
—
248,955
(1,713)
247,242
$ 12.18






The remainder of this page intentionally left blank.



Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

5. Units Issued and Redeemed

 
EssentialLife Variable Universal Life
 
 
Year
Units Outstanding December 31, Prior Year
Units Issued
Units Redeemed
Units Outstanding
Accumulation Unit Value December 31, Year End
American Funds Insurance Series subaccounts
      
Asset Allocation Fund
2025
422,075
44,583
(36,144)
430,514
$ 24.09
 
2024
397,104
54,885
(29,914)
422,075
$ 20.86
Capital Income Builder Fund
2025
479,280
52,903
(38,399)
493,784
$ 19.46
 
2024
437,711
72,739
(31,170)
479,280
$ 16.21
Capital World Growth and Income Fund
2025
377,807
30,666
(30,999)
377,474
$ 27.36
 
2024
348,884
46,839
(17,916)
377,807
$ 21.98
Global Growth Fund
2025
458,189
42,133
(54,197)
446,124
$ 31.81
 
2024
417,492
56,142
(15,445)
458,189
$ 26.23
Growth Fund
2025
1,543,984
101,566
(90,216)
1,555,334
$ 51.07
 
2024
1,474,138
126,558
(56,712)
1,543,984
$ 42.60
Growth-Income Fund
2025
747,541
60,513
(46,169)
761,885
$ 35.05
 
2024
717,407
68,344
(38,210)
747,541
$ 29.78
International Fund
2025
215,827
29,522
(27,409)
217,940
$ 19.10
 
2024
188,673
36,548
(9,394)
215,827
$ 15.11
BNY Mellon Sustainable U.S. Equity Portfolio, Inc. – Service Class Shares subaccounts
      
Sustainable U.S. Equity Portfolio
2025
82,797
8,413
(8,532)
82,678
$ 59.00
 
2024
88,790
3,745
(9,738)
82,797
$ 51.16
BNY Mellon Variable Investment Fund – Service Class Shares subaccounts
      
Opportunistic Small Cap Portfolio
2025
154,299
12,220
(15,829)
150,691
$ 32.15
 
2024
149,429
13,932
(9,062)
154,299
$ 29.13
DWS Variable Series I – Class A Shares subaccounts
      
DWS CROCI International VIP
2025
297,213
12,520
(27,397)
282,336
$ 18.32
 
2024
278,661
27,899
(9,347)
297,213
$ 12.68
DWS Global Small Cap VIP
2025
258,344
15,702
(13,970)
260,076
$ 28.06
 
2024
250,349
18,577
(10,582)
258,344
$ 23.35
DWS Variable Series II – Class A Shares subaccounts
      
DWS CROCI U.S. VIP
2025
142,266
6,656
(6,853)
142,069
$ 42.35
 
2024
144,954
6,094
(8,782)
142,266
$ 36.24
DWS Government Money Market VIP
2025
410,822
30,738
(66,586)
374,974
$ 11.56
 
2024
420,253
56,647
(66,078)
410,822
$ 11.15
DWS High Income VIP
2025
157,870
10,449
(6,851)
161,468
$ 26.38
 
2024
147,214
14,202
(3,546)
157,870
$ 24.29







Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

5. Units Issued and Redeemed

 
EssentialLife Variable Universal Life
 
 
Year
Units Outstanding December 31, Prior Year
Units Issued
Units Redeemed
Units Outstanding
Accumulation Unit Value December 31, Year End
Fidelity Variable Insurance Products ("VIP") Funds – Service Class subaccounts
      
VIP Growth Portfolio
2025
640,690
37,229
(35,272)
642,647
$ 88.06
 
2024
639,222
38,801
(37,333)
640,690
$ 76.95
VIP Index 500 Portfolio
2025
895,885
52,696
(67,770)
880,811
$ 68.59
 
2024
894,994
53,609
(52,718)
895,885
$ 58.47
VIP Mid Cap Portfolio
2025
824,352
48,061
(52,795)
819,617
$ 44.60
 
2024
836,372
37,712
(49,732)
824,352
$ 40.06
Fidelity VIP Freedom Funds – Service Class 2 Shares subaccounts
      
VIP Freedom 2010 Portfolio
2025
11,743
1,286
(1,178)
11,851
$ 23.67
 
2024
12,824
1,431
(2,512)
11,743
$ 21.53
VIP Freedom 2015 Portfolio
2025
12,275
832
(303)
12,805
$ 25.83
 
2024
12,902
1,143
(1,770)
12,275
$ 23.20
VIP Freedom 2020 Portfolio
2025
67,836
4,906
(2,526)
70,216
$ 27.83
 
2024
70,448
5,018
(7,630)
67,836
$ 24.70
VIP Freedom 2025 Portfolio
2025
87,454
5,588
(8,474)
84,569
$ 30.82
 
2024
90,036
6,468
(9,050)
87,454
$ 27.06
VIP Freedom 2030 Portfolio
2025
426,221
26,470
(34,920)
417,771
$ 32.83
 
2024
426,324
23,265
(23,368)
426,221
$ 28.60
VIP Freedom Income Portfolio
2025
68,648
7,019
(8,696)
66,972
$ 18.66
 
2024
60,894
17,115
(9,361)
68,648
$ 17.12
Fidelity VIP FundsManager Portfolios – Service Class 2 Shares subaccounts
      
VIP FundsManager 20% Portfolio
2025
83,129
9,746
(6,785)
86,089
$ 18.46
 
2024
82,407
9,348
(8,626)
83,129
$ 16.98
VIP FundsManager 50% Portfolio
2025
249,869
19,630
(13,340)
256,159
$ 27.47
 
2024
237,265
25,390
(12,786)
249,869
$ 24.16
VIP FundsManager 70% Portfolio
2025
368,323
19,065
(28,548)
358,841
$ 34.06
 
2024
363,153
26,406
(21,236)
368,323
$ 29.23
VIP FundsManager 85% Portfolio
2025
405,274
16,601
(29,666)
392,208
$ 39.35
 
2024
413,285
23,995
(32,006)
405,274
$ 33.09
             
 

Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

5. Units Issued and Redeemed

 
EssentialLife Variable Universal Life
 
 
Year
Units Outstanding December 31, Prior Year
Units Issued
Units Redeemed
Units Outstanding
Accumulation Unit Value December 31, Year End
Franklin Templeton Variable Insurance Products Trust – Class 2 subaccounts
      
Small – Mid Cap Growth VIP Fund
2025
331,752
23,249
(20,134)
334,868
$ 43.48
 
2024
328,361
21,525
(18,134)
331,752
$ 42.54
Small Cap Value VIP Fund
2025
247,087
19,713
(14,456)
252,344
$ 38.92
 
2024
250,882
14,805
(18,600)
247,087
$ 36.26
Janus Henderson subaccounts
        
VIT Balanced Portfolio (Service Shares)
2025
603,013
29,248
(37,989)
594,273
$ 42.99
 
2024
594,124
39,354
(30,465)
603,013
$ 37.56
VIT Forty Portfolio (Institutional Shares)
2025
727,451
27,848
(36,689)
718,610
$ 75.38
 
2024
737,040
24,295
(33,884)
727,451
$ 64.00
PIMCO Variable Insurance Trust – Administrative Class Shares subaccounts
      
VIT International Bond Portfolio (U.S. Dollar-Hedged)
2025
145,132
17,410
(7,068)
155,474
$ 20.24
 
2024
131,439
19,867
(6,174)
145,132
$ 19.53
VIT Low Duration Portfolio
2025
149,504
21,650
(11,387)
159,767
$ 14.36
 
2024
133,717
23,162
(7,375)
149,504
$ 13.65
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios subaccounts
      
SAM Balanced Portfolio
2025
1,665,802
63,348
(101,808)
1,627,342
$ 31.96
 
2024
1,634,495
85,065
(53,758)
1,665,802
$ 28.21
SAM Conservative Balanced Portfolio
2025
365,515
21,006
(19,219)
367,302
$ 25.81
 
2024
356,790
25,522
(16,797)
365,515
$ 23.26
SAM Conservative Growth Portfolio
2025
2,369,745
72,393
(137,068)
2,305,069
$ 37.41
 
2024
2,402,211
105,532
(137,998)
2,369,745
$ 32.54
SAM Flexible Income Portfolio
2025
71,478
5,603
(3,665)
73,416
$ 22.66
 
2024
76,485
6,336
(11,343)
71,478
$ 20.73
SAM Strategic Growth Portfolio
2025
2,853,934
91,433
(149,854)
2,795,514
$ 41.59
 
2024
2,859,006
114,854
(119,926)
2,853,934
$ 35.78













Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

6. Financial Highlights

The Company sells variable universal life products, which have unique combinations of features and fees that are charged against the policyholder’s account balance.  Differences in the fee structures result in a variety of unit values, expense ratios and total returns.

The following table was developed by determining which products offered by the Company have the lowest and highest total return.  Only product designs within each subaccount that had units outstanding during the respective periods were considered when determining the lowest and highest total return.  The summary may not reflect the minimum and maximum contract charges offered by the Company as policyholders may not have selected all available and applicable contract options as discussed in Note 3.

 
At December 31,
For the Period Ended December 31,
 
Units
Unit Fair Value
Net Assets
Investment Income Ratio*
Expense Ratio **
Lowest to Highest
Total Return***
Highest to Lowest
American Funds Insurance Series
            
Asset Allocation Fund
            
2025
430,514
$24.09
to
$24.09
$10,373,013
2.09%
0.30%
to
0.30%
15.51%
to
15.51%
2024
422,075
20.86
 to
20.86
8,804,483
2.26%
0.30%
 to
0.30%
16.09%
 to
16.09%
2023
397,104
17.97
 to
17.97
7,135,711
2.40%
0.30%
 to
0.30%
13.93%
 to
13.93%
2022
335,800
15.77
 to
15.77
5,296,420
2.34%
0.30%
 to
0.30%
(13.66)%
 to
(13.66)%
2021
271,738
18.27
 to
18.27
4,964,264
1.66%
0.30%
 to
0.30%
14.76%
 to
14.76%
Capital Income Builder Fund
            
2025
493,784
$19.46
to
$19.46
$9,608,383
3.01%
0.30%
to
0.30%
20.05%
to
20.05%
2024
479,280
16.21
 to
16.21
7,768,263
3.47%
0.30%
 to
0.30%
9.86%
 to
9.86%
2023
437,711
14.75
 to
14.75
6,457,922
3.03%
0.30%
 to
0.30%
8.69%
 to
8.69%
2022
373,154
13.57
 to
13.57
5,065,333
3.17%
0.30%
 to
0.30%
(7.41)%
 to
(7.41)%
2021
338,275
14.66
 to
14.66
4,959,170
2.84%
0.30%
 to
0.30%
14.60%
 to
14.60%
Capital World Growth and Income Fund
            
2025
377,474
$27.36
to
$27.36
$10,325,804
1.44%
0.30%
to
0.30%
24.43%
to
24.43%
2024
377,807
21.98
 to
21.98
8,305,695
1.74%
0.30%
 to
0.30%
13.66%
 to
13.66%
2023
348,884
19.34
 to
19.34
6,748,025
2.01%
0.30%
 to
0.30%
20.52%
 to
20.52%
2022
301,371
16.05
 to
16.05
4,836,616
2.72%
0.30%
 to
0.30%
(17.58)%
 to
(17.58)%
2021
250,535
19.47
 to
19.47
4,878,447
1.75%
0.30%
 to
0.30%
14.43%
 to
14.43%
Global Growth Fund
            
2025
446,124
$31.81
to
$31.81
$14,189,563
1.42%
0.30%
to
0.30%
21.26%
to
21.26%
2024
458,189
26.23
 to
26.23
12,017,941
1.60%
0.30%
 to
0.30%
13.34%
 to
13.34%
2023
417,492
23.14
 to
23.14
9,661,673
0.95%
0.30%
 to
0.30%
22.24%
 to
22.24%
2022
366,344
18.93
 to
18.93
6,935,668
0.72%
0.30%
 to
0.30%
(24.96)%
 to
(24.96)%
2021
300,283
25.23
 to
25.23
7,576,289
0.34%
0.30%
 to
0.30%
16.07%
 to
16.07%

Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

6. Financial Highlights

 
At December 31,
For the Period Ended December 31,
 
Units
Unit Fair Value
Net Assets
Investment Income Ratio*
Expense Ratio **
Lowest to Highest
Total Return***
Highest to Lowest
American Funds Insurance Series
            
Growth Fund
            
2025
1,555,334
$51.07
to
$51.07
$79,423,731
0.15%
0.30%
to
0.30%
19.87%
to
19.87%
2024
1,543,984
42.60
 to
42.60
65,774,535
0.34%
0.30%
 to
0.30%
31.23%
 to
31.23%
2023
1,474,138
32.46
 to
32.46
47,854,752
0.38%
0.30%
 to
0.30%
38.07%
 to
38.07%
2022
1,307,622
23.51
 to
23.51
30,744,930
0.34%
0.30%
 to
0.30%
(30.15)%
 to
(30.15)%
2021
1,098,649
33.66
 to
33.66
36,979,412
0.23%
0.30%
 to
0.30%
21.62%
 to
21.62%
Growth-Income Fund
            
2025
761,885
$35.05
to
$35.05
$26,706,378
0.94%
0.30%
to
0.30%
17.71%
to
17.71%
2024
747,541
29.78
 to
29.78
22,260,866
1.14%
0.30%
 to
0.30%
23.85%
 to
23.85%
2023
717,407
24.04
 to
24.04
17,249,137
1.46%
0.30%
 to
0.30%
25.76%
 to
25.76%
2022
633,185
19.12
 to
19.12
12,105,564
1.53%
0.30%
 to
0.30%
(16.74)%
 to
(16.74)%
2021
542,055
22.96
 to
22.96
12,447,235
1.20%
0.30%
 to
0.30%
23.72%
 to
23.72%
International Fund
            
2025
217,940
$19.10
to
$19.10
$4,163,044
1.40%
0.30%
to
0.30%
26.39%
to
26.39%
2024
215,827
15.11
 to
15.11
3,261,969
1.27%
0.30%
 to
0.30%
2.85%
 to
2.85%
2023
188,673
14.70
 to
14.70
2,772,603
1.40%
0.30%
 to
0.30%
15.50%
 to
15.50%
2022
155,899
12.72
 to
12.72
1,983,554
2.15%
0.30%
 to
0.30%
(21.02)%
 to
(21.02)%
2021
117,623
16.11
 to
16.11
1,894,913
2.78%
0.30%
 to
0.30%
(1.79)%
 to
(1.79)%
BNY Mellon Sustainable U.S. Equity Portfolio, Inc. – Service Class Shares
            
Sustainable U.S. Equity Portfolio
            
2025
89,637
$44.63
to
$59.00
$5,188,874
0.06%
0.30%
to
0.90%
15.33%
to
14.64%
2024
90,366
38.93
 to
51.16
4,530,646
0.38%
0.30%
 to
0.90%
24.20%
 to
23.46%
2023
97,401
31.53
 to
41.19
3,929,033
0.52%
0.30%
 to
0.90%
23.14%
 to
22.41%
2022
96,236
25.76
 to
33.45
3,149,029
0.28%
0.30%
 to
0.90%
(23.29)%
 to
(23.75)%
2021
90,902
33.78
 to
43.61
3,877,343
0.59%
0.30%
 to
0.90%
26.30%
 to
25.55%
BNY Mellon Variable Investment Fund – Service Class Shares
            
Opportunistic Small Cap Portfolio
            
2025
360,196
$28.65
to
$32.15
$10,848,020
0.45%
0.30%
to
0.90%
10.36%
to
9.71%
2024
368,844
26.12
 to
29.13
10,098,570
0.49%
0.30%
 to
0.90%
3.42%
 to
3.42%
2023
371,428
25.25
 to
28.00
9,790,123
0.08%
0.30%
 to
0.90%
8.69%
 to
8.04%
2022
363,889
23.37
 to
25.76
8,838,968
0.00%
0.30%
 to
0.90%
(17.08)%
 to
(17.57)%
2021
362,386
28.35
 to
31.07
10,630,812
0.00%
0.30%
 to
0.90%
15.81%
 to
15.13%
Calvert Variable Series, Inc.
            
VP SRI Mid Cap Portfolio
            
2025
6,431
$34.64
to
$34.64
$222,774
0.35%
0.90%
to
0.90%
0.56%
to
0.56%
2024
7,474
34.45
 to
34.45
257,492
0.12%
0.90%
 to
0.90%
9.23%
 to
9.23%
2023
7,605
31.54
 to
31.54
239,846
0.19%
0.90%
 to
0.90%
10.65%
 to
10.65%
2022
8,177
28.50
 to
28.50
233,064
0.00%
0.90%
 to
0.90%
(20.20)%
 to
(20.20)%
2021
8,255
35.72
 to
35.72
294,856
0.20%
0.90%
 to
0.90%
14.00%
 to
14.00%






Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

6. Financial Highlights

 
At December 31,
For the Period Ended December 31,
 
Units
Unit Fair Value
Net Assets
Investment Income Ratio*
Expense Ratio **
Lowest to Highest
Total Return***
Highest to Lowest
DWS Investments VIT Funds – Class B Shares
            
DWS Equity 500 Index VIP
            
2025
251,943
$15.50
to
$47.82
$4,691,225
0.75%
0.30%
to
0.70%
16.89%
to
16.83%
2024
211,689
13.26
 to
40.93
3,993,747
0.84%
0.25%
 to
0.70%
32.63%
 to
23.79%
2023
97,973
33.06
 to
33.06
3,239,221
0.99%
0.30%
 to
0.30%
25.12%
 to
25.12%
2022
98,418
26.43
 to
26.43
2,600,721
0.86%
0.30%
 to
0.30%
(18.86)%
 to
(18.86)%
2021
102,810
32.57
 to
32.57
3,348,322
1.05%
0.30%
 to
0.30%
27.53%
 to
27.53%
DWS Variable Series I – Class A Shares
            
DWS Core Equity VIP
            
2025
121,403
$55.18
to
$55.18
$6,698,738
0.80%
0.90%
to
0.90%
15.79%
to
15.79%
2024
125,962
47.65
 to
47.65
6,002,410
0.84%
0.90%
 to
0.90%
19.00%
 to
19.00%
2023
132,568
40.04
 to
40.04
5,308,471
0.93%
0.90%
 to
0.90%
24.45%
 to
24.45%
2022
142,795
32.18
 to
32.18
4,594,448
0.73%
0.90%
 to
0.90%
(16.28)%
 to
(16.28)%
2021
152,536
38.43
 to
38.43
5,862,348
0.76%
0.90%
 to
0.90%
24.18%
 to
24.18%
DWS CROCI International VIP
            
2025
1,822,316
$13.86
to
$18.32
$26,516,473
2.68%
0.30%
to
0.90%
44.47%
to
43.61%
2024
1,993,785
9.65
 to
12.68
20,142,574
3.29%
0.30%
 to
0.90%
2.14%
 to
1.53%
2023
1,955,282
9.51
 to
12.41
19,396,430
3.25%
0.30%
 to
0.90%
18.59%
 to
17.89%
2022
1,991,898
8.06
 to
10.47
16,729,512
2.89%
0.30%
 to
0.90%
(13.45)%
 to
(13.96)%
2021
1,998,200
9.37
 to
12.09
19,427,918
2.39%
0.30%
 to
0.90%
8.91%
 to
8.26%
DWS Global Small Cap VIP
            
2025
622,997
$28.06
to
$39.02
$21,457,424
1.20%
0.30%
to
0.90%
20.15%
to
19.44%
2024
635,096
23.35
 to
32.67
18,340,473
1.35%
0.30%
 to
0.90%
5.45%
 to
4.81%
2023
638,236
22.15
 to
31.17
17,633,725
0.87%
0.30%
 to
0.90%
24.19%
 to
23.45%
2022
637,571
17.83
 to
25.24
14,298,144
0.47%
0.30%
 to
0.90%
(24.28)%
 to
(24.73)%
2021
624,235
23.55
 to
33.54
18,628,755
0.35%
0.30%
 to
0.90%
14.60%
 to
13.92%
DWS Variable Series II – Class A Shares
            
DWS CROCI U.S. VIP
            
2025
939,141
$14.57
to
$61.06
$54,183,486
1.34%
0.30%
to
0.90%
16.90%
to
16.14%
2024
975,610
12.46
 to
52.57
48,381,249
1.47%
0.25%
 to
0.90%
24.63%
 to
16.70%
2023
1,019,459
18.23
 to
45.05
43,389,909
1.68%
0.30%
 to
0.90%
20.40%
 to
19.69%
2022
1,034,968
15.14
 to
37.64
36,799,247
1.70%
0.30%
 to
0.90%
(15.65)%
 to
(16.15)%
2021
1,070,799
17.95
 to
44.89
45,453,527
1.92%
0.30%
 to
0.90%
26.31%
 to
25.56%
DWS Government Money Market VIP
            
2025
1,592,204
$11.56
to
$12.49
$19,537,010
0.01%
0.30%
to
0.90%
3.64%
to
3.03%
2024
1,637,217
11.15
 to
12.12
19,448,762
4.84%
0.30%
 to
0.90%
4.60%
 to
3.98%
2023
1,622,529
10.66
 to
11.66
18,498,086
4.65%
0.30%
 to
0.90%
4.43%
 to
3.82%
2022
1,582,108
10.21
 to
11.23
17,381,551
2.39%
0.30%
 to
0.90%
1.01%
 to
0.41%
2021
1,614,143
10.11
 to
11.19
17,669,279
0.01%
0.30%
 to
0.90%
(0.29)%
 to
(0.88)%

Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

6. Financial Highlights

 
At December 31,
For the Period Ended December 31,
 
Units
Unit Fair Value
Net Assets
Investment Income Ratio*
Expense Ratio **
Lowest to Highest
Total Return***
Highest to Lowest
DWS Variable Series II – Class A Shares
            
DWS High Income VIP
            
2025
358,843
$26.38
to
$32.87
$10,747,310
6.85%
0.30%
to
0.90%
8.61%
to
7.97%
2024
359,532
24.29
 to
30.44
9,973,761
5.83%
0.30%
 to
0.90%
6.82%
 to
6.18%
2023
349,813
22.74
 to
28.67
9,156,574
5.27%
0.30%
 to
0.90%
11.01%
 to
10.35%
2022
344,923
20.48
 to
25.98
8,182,987
5.04%
0.30%
 to
0.90%
(9.15)%
 to
(9.69)%
2021
350,815
22.55
 to
28.77
9,210,924
4.54%
0.30%
 to
0.90%
3.69%
 to
3.08%
DWS Small Mid Cap Growth VIP
            
2025
37,505
$13.32
to
$13.32
$499,394
0.00%
0.90%
to
0.90%
7.15%
to
7.15%
2024
38,330
12.43
 to
12.43
476,325
0.00%
0.90%
 to
0.90%
4.20%
 to
4.20%
2023
42,292
11.93
 to
11.93
504,360
0.03%
0.90%
 to
0.90%
17.77%
 to
17.77%
2022
43,365
10.13
 to
10.13
439,108
0.00%
0.90%
 to
0.90%
(28.66)%
 to
(28.66)%
2021
45,852
14.19
 to
14.19
650,817
0.04%
0.90%
 to
0.90%
12.83%
 to
12.83%
Fidelity Variable Insurance Products ("VIP") Funds – Service Class
            
VIP Growth Portfolio
            
2025
1,417,059
$16.33
to
$88.06
$111,435,951
0.21%
0.30%
to
0.90%
14.49%
to
13.76%
2024
1,422,310
14.26
 to
76.95
100,305,898
0.00%
0.25%
 to
0.90%
42.63%
 to
29.09%
2023
1,463,881
46.84
 to
59.25
80,043,504
0.04%
0.30%
 to
0.90%
35.69%
 to
34.89%
2022
1,478,714
34.52
 to
43.66
59,566,530
0.46%
0.30%
 to
0.90%
(24.75)%
 to
(25.20)%
2021
1,449,175
45.88
 to
58.03
77,578,091
0.00%
0.30%
 to
0.90%
22.71%
 to
21.98%
VIP Index 500 Portfolio
            
2025
1,578,447
$66.63
to
$68.59
$106,893,010
1.08%
0.30%
to
0.90%
17.31%
to
16.61%
2024
1,637,985
57.14
 to
58.47
94,782,331
1.20%
0.30%
 to
0.90%
24.40%
 to
23.65%
2023
1,679,637
46.21
 to
47.00
78,323,279
1.41%
0.30%
 to
0.90%
25.69%
 to
24.95%
2022
1,656,327
36.98
 to
37.39
61,601,259
1.37%
0.30%
 to
0.90%
(18.54)%
 to
(19.02)%
2021
1,613,039
45.67
 to
45.90
73,851,137
1.19%
0.30%
 to
0.90%
28.06%
 to
27.30%
VIP Mid Cap Portfolio
            
2025
1,000,977
$44.60
to
$86.13
$52,174,648
0.38%
0.30%
to
0.90%
11.33%
to
10.67%
2024
1,012,074
40.06
 to
77.83
47,634,143
0.48%
0.30%
 to
0.90%
17.00%
 to
16.30%
2023
1,031,915
34.24
 to
66.92
41,723,324
0.54%
0.30%
 to
0.90%
14.66%
 to
13.98%
2022
993,558
29.86
 to
58.71
35,441,540
0.40%
0.30%
 to
0.90%
(15.11)%
 to
(15.61)%
2021
954,933
35.18
 to
69.57
40,713,396
0.52%
0.30%
 to
0.90%
25.13%
 to
24.39%
Fidelity VIP Freedom Funds – Service Class 2 Shares
            
VIP Freedom 2005 Portfolio (1)
            
2025
NA
NA
to
NA
NA
NA
NA
to
NA
NA
to
NA
2024
NA
NA
 to
NA
NA
NA
NA
 to
NA
NA
 to
NA
2023
7,066
18.15
 to
18.15
128,204
4.28%
0.30%
 to
0.30%
7.40%
 to
7.40%
2022
6,845
16.90
 to
16.90
115,633
1.65%
0.30%
 to
0.30%
(12.90)%
 to
(12.90)%
2021
7,224
19.40
 to
19.40
140,120
0.69%
0.30%
 to
0.30%
3.51%
 to
3.51%




Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

6. Financial Highlights

 
At December 31,
For the Period Ended December 31,
 
Units
Unit Fair Value
Net Assets
Investment Income Ratio*
Expense Ratio **
Lowest to Highest
Total Return***
Highest to Lowest
Fidelity VIP Freedom Funds – Service Class 2 Shares
            
VIP Freedom 2010 Portfolio
            
2025
11,851
$23.67
to
$23.67
$280,530
3.12%
0.30%
to
0.30%
9.93%
to
9.93%
2024
11,743
21.53
 to
21.53
252,859
3.45%
0.30%
 to
0.30%
4.83%
 to
4.83%
2023
12,824
20.54
 to
20.54
263,418
3.83%
0.30%
 to
0.30%
8.76%
 to
8.76%
2022
11,845
18.89
 to
18.89
223,722
2.25%
0.30%
 to
0.30%
(13.92)%
 to
(13.92)%
2021
11,312
21.94
 to
21.94
248,203
1.01%
0.30%
 to
0.30%
5.28%
 to
5.28%
VIP Freedom 2015 Portfolio
            
2025
12,805
$25.83
to
$25.83
$330,737
2.88%
0.30%
to
0.30%
11.32%
to
11.32%
2024
12,275
23.20
 to
23.20
284,807
3.00%
0.30%
 to
0.30%
5.89%
 to
5.89%
2023
12,902
21.91
 to
21.91
282,693
3.49%
0.30%
 to
0.30%
10.31%
 to
10.31%
2022
14,152
19.86
 to
19.86
281,104
1.81%
0.30%
 to
0.30%
(15.04)%
 to
(15.04)%
2021
13,159
23.38
 to
23.38
307,668
0.86%
0.30%
 to
0.30%
7.07%
 to
7.07%
VIP Freedom 2020 Portfolio
            
2025
70,216
$27.83
to
$27.83
$1,954,095
2.62%
0.30%
to
0.30%
12.66%
to
12.66%
2024
67,836
24.70
 to
24.70
1,675,760
2.66%
0.30%
 to
0.30%
7.08%
 to
7.08%
2023
70,448
23.07
 to
23.07
1,625,206
3.05%
0.30%
 to
0.30%
11.89%
 to
11.89%
2022
68,327
20.62
 to
20.62
1,408,795
1.76%
0.30%
 to
0.30%
(16.22)%
 to
(16.22)%
2021
65,060
24.61
 to
24.61
1,601,110
0.87%
0.30%
 to
0.30%
8.94%
 to
8.94%
VIP Freedom 2025 Portfolio
            
2025
84,569
$30.82
to
$30.82
$2,606,188
2.40%
0.30%
to
0.30%
13.89%
to
13.89%
2024
87,454
27.06
 to
27.06
2,366,358
2.31%
0.30%
 to
0.30%
7.96%
 to
7.96%
2023
90,036
25.06
 to
25.06
2,256,631
2.66%
0.30%
 to
0.30%
12.99%
 to
12.99%
2022
92,692
22.18
 to
22.18
2,056,193
1.65%
0.30%
 to
0.30%
(16.89)%
 to
(16.89)%
2021
89,108
26.69
 to
26.69
2,378,310
0.86%
0.30%
 to
0.30%
10.22%
 to
10.22%
VIP Freedom 2030 Portfolio
            
2025
417,771
$32.83
to
$32.83
$13,717,086
2.20%
0.30%
to
0.30%
14.82%
to
14.82%
2024
426,221
28.60
 to
28.60
12,188,181
2.05%
0.30%
 to
0.30%
8.81%
 to
8.81%
2023
426,324
26.28
 to
26.28
11,204,284
2.26%
0.30%
 to
0.30%
14.12%
 to
14.12%
2022
430,079
23.03
 to
23.03
9,904,804
1.65%
0.30%
 to
0.30%
(17.33)%
 to
(17.33)%
2021
401,981
27.86
 to
27.86
11,198,853
0.88%
0.30%
 to
0.30%
11.74%
 to
11.74%
VIP Freedom Income Portfolio
            
2025
66,972
$18.66
to
$18.66
$1,249,366
3.13%
0.30%
to
0.30%
8.98%
to
8.98%
2024
68,648
17.12
 to
17.12
1,175,115
3.54%
0.30%
 to
0.30%
3.89%
 to
3.89%
2023
60,894
16.48
 to
16.48
1,003,367
4.06%
0.30%
 to
0.30%
7.33%
 to
7.33%
2022
60,128
15.35
 to
15.35
923,095
1.95%
0.30%
 to
0.30%
(12.52)%
 to
(12.52)%
2021
57,839
17.55
 to
17.55
1,015,064
0.83%
0.30%
 to
0.30%
2.72%
 to
2.72%

Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

6. Financial Highlights

 
At December 31,
For the Period Ended December 31,
 
Units
Unit Fair Value
Net Assets
Investment Income Ratio*
Expense Ratio **
Lowest to Highest
Total Return***
Highest to Lowest
Fidelity VIP FundsManager Portfolios – Service Class 2 Shares
            
VIP FundsManager 20% Portfolio
            
2025
86,089
$18.46
to
$18.46
$1,589,448
3.64%
0.30%
to
0.30%
8.70%
to
8.70%
2024
83,129
16.98
 to
16.98
1,411,928
3.51%
0.30%
 to
0.30%
5.07%
 to
5.07%
2023
82,407
16.16
 to
16.16
1,332,096
3.87%
0.30%
 to
0.30%
7.70%
 to
7.70%
2022
74,117
15.01
 to
15.01
1,112,464
2.36%
0.30%
 to
0.30%
(10.03)%
 to
(10.03)%
2021
67,144
16.68
 to
16.68
1,120,117
0.92%
0.30%
 to
0.30%
3.21%
 to
3.21%
VIP FundsManager 50% Portfolio
            
2025
256,159
$27.47
to
$27.47
$7,037,454
2.62%
0.30%
to
0.30%
13.69%
to
13.69%
2024
249,869
24.16
 to
24.16
6,038,008
2.38%
0.30%
 to
0.30%
8.05%
 to
8.05%
2023
237,265
22.36
 to
22.36
5,306,092
2.53%
0.30%
 to
0.30%
12.32%
 to
12.32%
2022
224,667
19.91
 to
19.91
4,473,438
1.88%
0.30%
 to
0.30%
(14.29)%
 to
(14.29)%
2021
206,726
23.23
 to
23.23
4,802,652
0.99%
0.30%
 to
0.30%
9.55%
 to
9.55%
VIP FundsManager 70% Portfolio
            
2025
358,841
$34.06
to
$34.06
$12,223,669
1.75%
0.30%
to
0.30%
16.56%
to
16.56%
2024
368,323
29.23
 to
29.23
10,764,421
1.66%
0.30%
 to
0.30%
10.35%
 to
10.35%
2023
363,153
26.48
 to
26.48
9,617,799
1.93%
0.30%
 to
0.30%
15.22%
 to
15.22%
2022
356,464
22.99
 to
22.99
8,193,393
1.39%
0.30%
 to
0.30%
(16.05)%
 to
(16.05)%
2021
358,717
27.38
 to
27.38
9,821,050
0.90%
0.30%
 to
0.30%
14.09%
 to
14.09%
VIP FundsManager 85% Portfolio
            
2025
392,208
$39.35
to
$39.35
$15,432,042
1.30%
0.30%
to
0.30%
18.90%
to
18.90%
2024
405,274
33.09
 to
33.09
13,410,888
1.22%
0.30%
 to
0.30%
12.04%
 to
12.04%
2023
413,285
29.53
 to
29.53
12,206,001
1.49%
0.30%
 to
0.30%
17.13%
 to
17.13%
2022
404,045
25.22
 to
25.22
10,188,027
0.94%
0.30%
 to
0.30%
(17.44)%
 to
(17.44)%
2021
390,493
30.54
 to
30.54
11,926,124
0.84%
0.30%
 to
0.30%
17.29%
 to
17.29%
Franklin Templeton Variable Insurance Products Trust – Class 2
            
Developing Markets VIP Fund
            
2025
238,129
$36.69
to
$36.69
$8,737,721
0.53%
0.90%
to
0.90%
44.97%
to
44.97%
2024
255,303
25.31
 to
25.31
6,462,133
3.89%
0.90%
 to
0.90%
6.70%
 to
6.70%
2023
255,796
23.72
 to
23.72
6,068,086
2.06%
0.90%
 to
0.90%
11.62%
 to
11.62%
2022
254,745
21.25
 to
21.25
5,414,016
2.03%
0.90%
 to
0.90%
(22.68)%
 to
(22.68)%
2021
245,063
27.49
 to
27.49
6,735,870
0.88%
0.90%
 to
0.90%
(6.58)%
 to
(6.58)%
Small Cap Value VIP Fund
            
2025
430,323
$12.50
to
$44.44
$16,246,348
1.08%
0.30%
to
0.90%
7.39%
to
6.69%
2024
419,422
11.64
 to
41.66
14,991,692
0.93%
0.25%
 to
0.90%
16.41%
 to
10.70%
2023
457,134
38.43
 to
38.73
17,606,628
0.00%
0.30%
 to
0.90%
26.36%
 to
25.61%
2022
452,833
30.41
 to
30.83
13,828,584
0.00%
0.30%
 to
0.90%
(33.89)%
 to
(34.28)%
2021
426,331
46.00
 to
46.92
19,734,814
0.00%
0.30%
 to
0.90%
9.68%
 to
9.03%









Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

6. Financial Highlights
 
At December 31,
For the Period Ended December 31,
 
Units
Unit Fair Value
Net Assets
Investment Income Ratio*
Expense Ratio **
Lowest to Highest
Total Return***
Highest to Lowest
Franklin Templeton Variable Insurance Products Trust – Class 2
            
Small – Mid Cap Growth VIP Fund
            
2025
453,716
$43.30
to
$43.48
$19,707,308
0.00%
0.30%
to
0.90%
2.21%
to
1.60%
2024
454,506
42.54
 to
42.62
19,345,411
0.00%
0.30%
 to
0.90%
10.70%
 to
10.04%
2023
416,549
23.57
 to
37.63
13,815,153
0.52%
0.30%
 to
0.90%
12.41%
 to
11.74%
2022
412,437
20.97
 to
33.67
12,195,661
0.95%
0.30%
 to
0.90%
(10.33)%
 to
(10.87)%
2021
418,886
23.39
 to
37.78
13,819,218
0.99%
0.30%
 to
0.90%
24.99%
 to
24.25%
Goldman Sachs Variable Insurance Trust – Institutional Class
            
Strategic Growth Fund
            
2025
515,557
$72.12
to
$72.12
$37,180,227
0.00%
0.90%
to
0.90%
16.87%
to
16.87%
2024
554,436
61.71
 to
61.71
34,212,411
0.00%
0.90%
 to
0.90%
31.18%
 to
31.18%
2023
597,955
47.04
 to
47.04
28,128,315
0.00%
0.90%
 to
0.90%
40.68%
 to
40.68%
2022
637,964
33.44
 to
33.44
21,332,398
0.00%
0.90%
 to
0.90%
(33.12)%
 to
(33.12)%
2021
639,148
50.00
 to
50.00
31,954,543
0.00%
0.90%
 to
0.90%
20.84%
 to
20.84%
Goldman Sachs Variable Insurance Trust – Institutional Class
            
Mid Cap Value Fund
            
2025
173,815
$12.87
to
$74.24
$12,524,041
1.20%
0.30%
to
0.90%
9.12%
to
8.42%
2024
181,203
11.79
 to
68.47
12,012,265
1.01%
0.25%
 to
0.90%
17.91%
 to
11.39%
2023
189,186
24.50
 to
61.47
11,441,610
1.04%
0.30%
 to
0.90%
11.09%
 to
10.43%
2022
193,604
22.05
 to
55.67
10,602,220
0.66%
0.30%
 to
0.90%
(10.26)%
 to
(10.79)%
2021
209,786
24.57
 to
62.40
12,709,910
0.48%
0.30%
 to
0.90%
30.56%
 to
29.78%
Small Cap Equity Insights Fund
            
2025
119,898
$14.56
to
$58.92
$5,740,906
0.75%
0.30%
to
0.90%
15.85%
to
15.11%
2024
120,746
12.57
 to
51.18
5,155,342
0.98%
0.25%
 to
0.90%
25.68%
 to
17.98%
2023
118,790
24.65
 to
43.38
4,634,724
1.05%
0.30%
 to
0.90%
18.92%
 to
18.21%
2022
118,603
20.73
 to
36.70
3,918,646
0.27%
0.30%
 to
0.90%
(19.62)%
 to
(20.10)%
2021
123,115
25.79
 to
45.93
5,029,561
0.46%
0.30%
 to
0.90%
23.42%
 to
22.69%
Janus Henderson
            
VIT Balanced Portfolio (Service Shares)
            
2025
705,012
$42.99
to
$51.41
$31,243,001
1.72%
0.30%
to
0.90%
14.48%
to
13.80%
2024
718,319
37.56
 to
45.18
27,856,049
1.78%
0.30%
 to
0.90%
14.80%
 to
14.11%
2023
713,196
32.71
 to
39.59
24,150,644
1.82%
0.30%
 to
0.90%
14.79%
 to
14.11%
2022
682,558
28.50
 to
34.70
20,179,066
1.11%
0.30%
 to
0.90%
(16.87)%
 to
(17.36)%
2021
649,326
34.28
 to
41.99
23,175,105
0.88%
0.30%
 to
0.90%
16.56%
 to
15.87%
VIT Enterprise Portfolio (Service Shares)
            
2025
100,413
$12.84
to
$65.81
$5,056,399
0.05%
0.30%
to
0.90%
7.15%
to
6.46%
2024
89,342
11.98
 to
61.82
4,992,115
0.63%
0.25%
 to
0.90%
19.83%
 to
14.29%
2023
91,981
35.19
 to
54.09
4,661,467
0.09%
0.30%
 to
0.90%
17.42%
 to
16.73%
2022
97,116
29.97
 to
46.34
4,207,447
0.24%
0.30%
 to
0.90%
(16.40)%
 to
(16.90)%
2021
99,525
35.85
 to
55.76
5,216,752
0.24%
0.30%
 to
0.90%
16.19%
 to
15.50%
VIT Forty Portfolio (Institutional Shares)
            
2025
1,575,350
$63.64
to
$75.38
$108,696,835
0.07%
0.30%
to
0.90%
17.79%
to
17.09%
2024
1,643,246
54.35
 to
64.00
96,333,326
0.11%
0.30%
 to
0.90%
28.08%
 to
27.31%
2023
1,724,973
42.69
 to
49.97
79,005,981
0.20%
0.30%
 to
0.90%
39.55%
 to
38.72%
2022
1,763,452
30.78
 to
35.81
57,846,788
0.16%
0.30%
 to
0.90%
(33.75)%
 to
(34.14)%
2021
1,701,656
46.73
 to
54.05
84,215,448
0.50%
0.30%
 to
0.90%
22.53%
 to
21.80%


Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

6. Financial Highlights

 
At December 31,
For the Period Ended December 31,
 
Units
Unit Fair Value
Net Assets
Investment Income Ratio*
Expense Ratio **
Lowest to Highest
Total Return***
Highest to Lowest
PIMCO Variable Insurance Trust – Administrative Class Shares
            
VIT International Bond Portfolio (U.S. Dollar-Hedged)
            
2025
348,088
$20.24
to
$25.49
$8,057,133
0.00%
0.30%
to
0.90%
3.64%
to
3.03%
2024
340,954
19.53
 to
24.75
7,679,656
3.68%
0.30%
 to
0.90%
5.14%
 to
4.51%
2023
322,896
18.57
 to
23.68
6,974,041
2.59%
0.30%
 to
0.90%
8.69%
 to
8.05%
2022
310,890
17.09
 to
21.91
6,235,006
1.35%
0.30%
 to
0.90%
(10.42)%
 to
(10.95)%
2021
308,691
19.08
 to
24.61
7,027,568
1.59%
0.30%
 to
0.90%
(2.25)%
 to
(2.83)%
PIMCO Variable Insurance Trust – Administrative Class Shares
            
VIT Low Duration Portfolio
            
2025
485,807
$14.36
to
$17.55
$8,016,345
0.00%
0.30%
to
0.90%
5.21%
to
4.58%
2024
455,130
13.65
 to
16.78
7,169,474
4.06%
0.30%
 to
0.90%
4.18%
 to
3.56%
2023
430,931
13.10
 to
16.21
6,568,246
3.60%
0.30%
 to
0.90%
4.66%
 to
4.04%
2022
414,974
12.52
 to
15.58
6,097,188
1.57%
0.30%
 to
0.90%
(6.02)%
 to
(6.58)%
2021
413,172
13.32
 to
16.67
6,524,685
0.52%
0.30%
 to
0.90%
(1.22)%
 to
(1.81)%
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Equity Funds
            
Capital Appreciation Account II
            
2025
210,758
$15.10
to
$74.74
$7,388,896
0.34%
0.30%
to
0.90%
12.94%
to
12.21%
2024
167,831
13.37
 to
66.60
7,006,947
0.59%
0.25%
 to
0.90%
33.73%
 to
24.41%
2023
136,687
34.02
 to
79.01
5,922,374
0.66%
0.30%
 to
0.90%
24.47%
 to
23.74%
2022
147,629
27.33
 to
63.73
5,103,373
0.62%
0.30%
 to
0.90%
(16.87)%
 to
(17.36)%
2021
162,433
32.88
 to
76.97
6,671,218
0.74%
0.30%
 to
0.90%
27.12%
 to
26.36%
Equity Income Account II
            
2025
335,409
$13.73
to
$65.35
$13,930,058
1.62%
0.30%
to
0.90%
14.96%
to
14.22%
2024
302,636
11.95
 to
57.22
12,601,369
1.92%
0.25%
 to
0.90%
19.46%
 to
14.19%
2023
266,349
25.93
 to
50.11
11,160,681
1.92%
0.30%
 to
0.90%
10.59%
 to
9.94%
2022
276,153
23.45
 to
45.58
10,501,778
1.67%
0.30%
 to
0.90%
(10.98)%
 to
(11.51)%
2021
279,432
26.34
 to
51.51
12,042,733
1.86%
0.30%
 to
0.90%
21.78%
 to
21.06%
MidCap Account II
            
2025
113,871
$13.20
to
$314.76
$18,285,880
0.08%
0.30%
to
0.90%
1.27%
to
0.62%
2024
100,945
13.03
 to
312.83
18,701,566
0.05%
0.25%
 to
0.90%
30.30%
 to
18.90%
2023
85,372
34.30
 to
263.09
16,820,402
0.00%
0.30%
 to
0.90%
25.37%
 to
24.62%
2022
89,095
27.36
 to
211.11
13,933,005
0.00%
0.30%
 to
0.90%
(23.39)%
 to
(23.85)%
2021
94,631
35.71
 to
277.22
18,845,959
0.00%
0.30%
 to
0.90%
24.82%
 to
24.08%
SmallCap Account II
            
2025
154,995
$12.31
to
$21.69
$3,028,892
0.09%
0.30%
to
0.90%
14.49%
to
13.76%
2024
158,229
10.75
 to
18.95
2,733,112
0.13%
0.25%
 to
0.90%
7.54%
 to
5.70%
2023
159,998
16.92
 to
17.82
2,718,068
0.05%
0.30%
 to
0.90%
15.05%
 to
14.37%
2022
164,270
14.79
 to
15.49
2,439,033
0.00%
0.30%
 to
0.90%
(21.12)%
 to
(21.59)%
2021
170,616
18.87
 to
19.64
3,228,559
0.15%
0.30%
 to
0.90%
19.50%
 to
18.79%
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
            
SAM Balanced Portfolio
            
2025
2,293,724
$12.94
to
$43.52
$74,308,821
2.20%
0.30%
to
0.90%
13.36%
to
12.63%
2024
2,380,649
11.41
 to
38.64
68,173,412
1.86%
0.25%
 to
0.90%
14.11%
 to
11.37%
2023
2,271,015
19.23
 to
34.72
60,556,828
2.21%
0.30%
 to
0.90%
15.31%
 to
14.62%
2022
2,211,196
16.68
 to
30.27
51,420,436
2.09%
0.30%
 to
0.90%
(16.54)%
 to
(17.04)%
2021
2,134,145
19.98
 to
36.48
59,632,043
1.39%
0.30%
 to
0.90%
13.05%
 to
12.38%
Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

6. Financial Highlights

 
At December 31,
For the Period Ended December 31,
 
Units
Unit Fair Value
Net Assets
Investment Income Ratio*
Expense Ratio **
Lowest to Highest
Total Return***
Highest to Lowest
Principal Variable Contracts Funds, Inc. ("PVC") – Class 2 Shares – Strategic Asset Management (“SAM”) Portfolios
            
SAM Conservative Balanced Portfolio
            
2025
488,735
$11.96
to
$32.93
$12,793,710
2.73%
0.30%
to
0.90%
11.01%
to
10.29%
2024
487,251
10.78
 to
29.86
11,688,691
2.40%
0.25%
 to
0.90%
8.36%
 to
7.71%
2023
477,812
16.46
 to
27.72
10,691,408
2.69%
0.30%
 to
0.90%
11.47%
 to
10.81%
2022
458,902
14.76
 to
25.02
9,250,500
2.18%
0.30%
 to
0.90%
(14.94)%
 to
(15.45)%
2021
443,181
17.36
 to
29.59
10,503,144
1.70%
0.30%
 to
0.90%
9.15%
 to
8.50%
SAM Conservative Growth Portfolio
            
2025
3,714,296
$13.65
to
$53.58
$149,079,740
1.53%
0.30%
to
0.90%
15.02%
to
14.28%
2024
3,810,308
11.87
 to
46.88
134,704,245
1.30%
0.25%
 to
0.90%
18.69%
 to
13.91%
2023
3,785,300
22.21
 to
41.63
121,119,602
1.59%
0.30%
 to
0.90%
18.69%
 to
17.99%
2022
3,814,048
18.71
 to
35.21
103,002,928
1.76%
0.30%
 to
0.90%
(18.22)%
 to
(18.71)%
2021
3,723,807
22.88
 to
43.23
123,673,118
1.04%
0.30%
 to
0.90%
17.09%
 to
16.40%
SAM Flexible Income Portfolio
            
2025
122,087
$11.47
to
$27.06
$2,749,916
3.40%
0.30%
to
0.90%
9.34%
to
8.64%
2024
118,159
10.49
 to
24.90
2,488,886
2.88%
0.25%
 to
0.90%
6.11%
 to
4.91%
2023
124,384
14.72
 to
23.61
2,488,873
3.08%
0.30%
 to
0.90%
8.88%
 to
8.24%
2022
135,105
13.52
 to
21.82
2,436,817
2.64%
0.30%
 to
0.90%
(13.63)%
 to
(14.14)%
2021
142,722
15.65
 to
25.41
2,915,717
2.24%
0.30%
 to
0.90%
6.30%
 to
5.66%
SAM Strategic Growth Portfolio
            
2025
4,485,047
$14.16
to
$61.48
$200,229,254
1.19%
0.30%
to
0.90%
16.32%
to
15.57%
2024
4,557,534
12.18
to
53.20
178,012,736
0.91%
0.25%
to
0.90%
21.75%
to
15.63%
2023
4,476,456
24.38
 to
47.07
155,804,265
1.22%
0.30%
 to
0.90%
21.22%
 to
20.50%
2022
4,485,699
20.11
 to
38.99
129,535,185
1.81%
0.30%
 to
0.90%
(19.22)%
 to
(19.70)%
2021
4,376,369
24.89
 to
48.46
157,653,615
0.80%
0.30%
 to
0.90%
19.18%
 to
18.47%
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Equity Funds
            
Diversified International Account I
            
2025
62,135
$14.24
to
$17.78
$1,008,709
2.22%
0.30%
to
0.70%
32.03%
to
31.97%
2024
63,098
10.78
 to
13.47
840,655
3.10%
0.25%
 to
0.70%
7.82%
 to
4.39%
2023
61,887
12.91
 to
12.91
798,817
1.26%
0.30%
 to
0.30%
17.10%
 to
17.10%
2022
66,083
11.02
 to
11.02
728,444
2.64%
0.30%
 to
0.30%
(20.24)%
 to
(20.24)%
2021
65,826
13.82
 to
13.82
909,724
1.28%
0.30%
 to
0.30%
9.42%
 to
9.42%
LargeCap Growth Account I
            
2025
36,119
$15.30
to
$24.15
$617,436
0.00%
0.30%
to
0.70%
11.12%
to
11.06%
2024
28,211
13.77
 to
21.74
552,711
0.00%
0.25%
 to
0.70%
37.68%
 to
24.76%
2023
24,492
17.11
 to
17.43
426,174
0.00%
0.30%
 to
0.70%
39.92%
 to
39.37%
2022
24,589
12.28
 to
12.46
305,925
0.00%
0.30%
 to
0.70%
(34.35)%
 to
(34.61)%
2021
24,228
18.78
 to
18.97
459,343
0.00%
0.30%
 to
0.70%
21.53%
 to
21.05%

Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

6. Financial Highlights

 
At December 31,
For the Period Ended December 31,
 
Units
Unit Fair Value
Net Assets
Investment Income Ratio*
Expense Ratio **
Lowest to Highest
Total Return***
Highest to Lowest
Principal Variable Contracts Funds, Inc. ("PVC") – Class 1 Fixed Income Funds
            
Core Plus Bond Account I
            
2025
9,206
$10.60
to
$10.89
$99,307
4.23%
0.30%
to
0.70%
7.19%
to
7.14%
2024
8,706
9.89
 to
10.17
88,435
3.28%
0.25%
 to
0.70%
0.60%
 to
(1.08)%
2023
12,227
10.11
 to
10.11
123,575
2.93%
0.30%
 to
0.30%
5.03%
 to
5.03%
2022
11,986
9.62
 to
9.62
115,332
3.11%
0.30%
 to
0.30%
(14.38)%
 to
(14.38)%
2021
12,250
11.24
 to
11.24
137,676
2.64%
0.30%
 to
0.30%
(0.75)%
 to
(0.75)%
Government & High Quality Bond Account I
            
2025
12,441
$10.21
to
$10.64
$132,255
3.61%
0.30%
to
0.70%
7.64%
to
7.58%
2024
12,427
9.49
 to
9.88
120,883
3.13%
0.25%
 to
0.70%
0.31%
 to
0.31%
2023
15,026
9.46
 to
9.46
142,114
2.33%
0.30%
 to
0.30%
4.33%
 to
4.33%
2022
14,806
9.07
 to
9.07
134,228
1.41%
0.30%
 to
0.30%
(12.07)%
 to
(12.07)%
2021
14,454
10.31
 to
10.31
149,025
2.29%
0.30%
 to
0.30%
(1.62)%
 to
(1.62)%
Short-Term Income Account I
            
2025
1,360
$11.59
to
$11.59
$15,755
4.64%
0.30%
to
0.30%
5.16%
to
5.16%
2024
1,165
11.02
 to
11.02
12,833
3.51%
0.30%
 to
0.30%
4.78%
 to
4.78%
2023
959
10.52
 to
10.52
10,083
1.85%
0.30%
 to
0.30%
5.29%
 to
5.29%
2022
742
9.99
 to
9.99
7,409
1.26%
0.30%
 to
0.30%
(3.74)%
 to
(3.74)%
2021
520
10.37
 to
10.37
5,397
1.68%
0.30%
 to
0.30%
(1.01)%
 to
(1.01)%
                         
(1) For the period (cessation of operations): January 1, 2024 to June 7, 2024. The Fidelity VIP Freedom 2005 Portfolio subaccount liquidated on June 7, 2024.
                         
*  These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the underlying mutual fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges and contract maintenance charges, that are assessed against policyholder accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying fund in which the subaccount invests.
                         
** These amounts represent the annual contract expenses of the Account, consisting of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Contract maintenance charges made directly to policyholder accounts through the redemption of units and expenses of the underlying fund have been excluded.
                         
*** These amounts represent the total return for the period indicated, including changes in value of the underlying fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. As the total return is presented as a range of minimum to maximum values, based on the product grouping representing the minimum and maximum expense ratio amounts, some individual policy total returns are not within the ranges presented.
                         
                         



Farmers Variable Life Separate Account A
of Farmers New World Life Insurance Company
(A wholly Owned Subsidiary of Farmers Group, Inc.)
Notes to Financial Statements
December 31, 2025

7. Segment Accounting

The Company determines it conforms to the segment accounting and disclosure requirements established in FASB guidance referenced in the Accounting Standards Codification Topic 280 (“ASC 280”), Segment Reporting. The Account represents the separate account related to Variable Universal Life. Life Accumulator and EssentialLife Variable Universal Life which are no longer actively sold by the Company.  The Account oversight is conducted by Farmers Life Product Committee (FLPC) as the Company’s Chief Operating Decision Maker (CODM).

The change in net assets resulting from operations, which is used by the CODM to assess the segment’s performance is consistent with that presented within the subaccount’s financial statements. Segment assets are reflected on the accompanying Statement of Assets and Liabilities as “total assets” and significant segment expenses are listed on the accompanying Statement of Operations.

The Account segment is based on the Company’s line of business, aggregating products with like economic characteristics.  This Account is aggregated.

8. Subsequent Events

The Company has evaluated the effects of events subsequent to December 31, 2025, and through the financial statements report date. There have been no events occurring subsequent to the close of the Company's books or Accounts that would have a material effect on the accompanying financial statements or note disclosures.


Exhibit 99.(N)(1) – Consent of Independent Registered Public Accounting Firm
We consent to the references to our firm under the caption “Experts” in the Statement of Additional Information, dated April 30, 2026, which is included in this Post-Effective Amendment No. 30 to the Registration Statement (Form N-6, File No. 333-84023) of Farmers Variable Life Separate Account A (the “Registration Statement”).
We also consent to the use of our reports (1) dated April 24, 2026, with respect to the statutory-basis financial statements and supplemental schedules of Farmers New World Life Insurance Company and (2) dated April 30, 2026, with respect to the financial statements of each of the subaccounts within Farmers Variable Life Separate Account A, for the year ended December 31, 2025, included in this Registration Statement, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP
Atlanta, Georgia
April 30, 2026