CL Sundance
CL Life
5.5%
Best Rate
25
States
A single premium deferred annuity that grows your money tax-free at a guaranteed fixed rate, with no market risk. Ideal for retirees and near-retirees seeking stable, predictable growth and the option to convert savings into guaranteed lifetime income.
Available In
25 states
Min Premium
$10,000
Surrender
3 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 2-Year | 5.15% |
| 3-Year | 5.35% |
| 5-Year | 5.5% |
Key Features
Guaranteed Fixed Interest Rate
2-, 3-, or 5-year guarantee periods availableYour money earns a locked-in interest rate with no exposure to market fluctuations
Tax-Deferred Growth
Faster growth than taxable accounts at the same interest rateInterest compounds on both principal and earnings until you withdraw, accelerating accumulation
Penalty-Free Withdrawals
3- and 5-year terms; RMDs waived from year twoAccess up to 12 months of earned interest annually without surrender charges or penalties
Lifetime Income Option
Annuitization available with flexible payout optionsConvert your accumulated value into guaranteed income payments you cannot outlive
Probate Avoidance
Faster distribution and reduced costs for heirsName beneficiaries to receive funds directly, bypassing the probate process
Death Benefit
Lump sum or installment payment options availableBeneficiaries receive the full account value, accruing interest until distribution
Highlights
Guaranteed fixed interest rate with no market risk—your principal is always protected
Tax-deferred growth allows earnings to compound faster than taxable investments
Flexible 2-, 3-, or 5-year guarantee periods designed to match your retirement timeline
Penalty-free withdrawals of accumulated interest plus guaranteed lifetime income options
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
After
0%
RMD waiver
Best For
Retirees and near-retirees seeking stable, predictable growth without market risk and the security of guaranteed lifetime income.
Consider Alternatives If
Investors needing frequent access to funds or those seeking high growth potential through market exposure should avoid this product due to surrender charges and conservative returns.
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