CL Tarrant Trail Annuity
CL Life
7%
Best Rate
10%
Free W/D
22
States
The CL Tarrant Trail Annuity is a single-premium deferred annuity designed for retirees who want guaranteed growth with tax-deferred compounding and access to their money without penalties in certain situations. It's ideal for people seeking stability and predictable income in retirement.
Free Withdrawal
10%/yr
Available In
22 states
Min Premium
$20,000
Surrender
6 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 1-Year | 7% |
Key Features
Guaranteed Minimum Interest Rate
2% minimum, reset annuallyYour account earns no less than 2% annually, with the rate reset on each contract anniversary
Enhanced First-Year Rate
Equal to declared rate minus bailout rateYou receive a bonus interest credit equal to the difference between the declared first-year rate and the bailout rate
Bailout Feature
Waived surrender charges and MVAIf the renewal interest rate falls below your contract's bailout rate, you can surrender or transfer the full contract value within 30 days without paying surrender charges or market value adjustments
Penalty-Free Withdrawals
10% or RMD, whichever is greaterStarting in year 2, withdraw up to 10% of your prior anniversary value or Required Minimum Distribution amount without surrender charges
Surrender Charge Schedule
9%, 8%, 7%, 6%, 5%, 4% years 1-6If you withdraw more than the penalty-free amount, surrender charges apply and gradually decrease from 9% in year 1 to 4% in year 6, then disappear
Maximum Issue Age
Age 90You can purchase this annuity up to age 90
Tax-Deferred Growth
Taxes deferred until withdrawalInterest earnings compound tax-free until you make withdrawals, allowing faster accumulation
Death Benefit
Full account value to beneficiaryYour named beneficiary receives the full account value, and a surviving spouse who is the sole beneficiary can continue the contract under its original terms
Highlights
Guaranteed interest rate of at least 2% that resets annually for 12 months
Enhanced first-year interest rate bonus equal to the difference between the declared rate and bailout rate
Penalty-free withdrawals of up to 10% of account value starting in year 2, with no surrender charges if renewal rate falls below bailout rate
6-year surrender charge schedule declining from 9% to 4%, with full flexibility after year 6
Option to convert to lifetime income stream through annuitization
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
After
0%
RMD waiver
Best For
Retirees and pre-retirees seeking guaranteed principal protection, predictable growth, and the flexibility to access money in emergencies or if interest rates decline.
Consider Alternatives If
Investors who need immediate access to their full account value, those with short time horizons (less than 6 years), or people who might need to withdraw substantially more than 10% annually.
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