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The CL Tarrant Trail has a 6-year surrender charge period. A surrender charge applies to withdrawal amounts exceeding the penalty-free withdrawal amount. The surrender charge starts at 9% in year 1 and declines annually by 1% until it reaches 4% in year 6. These charges are calculated as a percentage of the account value being withdrawn. Additionally, a Market Value Adjustment (MVA) applies under certain conditions, adjusting the value of withdrawn funds based on changes in Treasury yield rates. The MVA does not apply to penalty-free withdrawals, death benefits, or once the surrender period ends

RMD waiver of surrender charge & MVA (starting year 2).

The named beneficiary(ies) of the CL Tarrant Trail Annuity will receive a death benefit that is equal to the full account value.

Bailout interest rate waiver of surrender charges.

Penalty-free withdrawal is the greater of 10% of account value or Required Minimum Distribution starting in year 2.

The policy includes a fixed interest annuity structure with a 6-year surrender charge schedule, a first-year enhanced interest rate, and a bailout rate condition that can waive surrender charges under specific renewal rate circumstances. If the contract’s renewal interest rate drops below the bailout rate, owners may access or transfer funds without incurring surrender charges or a market value adjustment, within a 30-day window after contract anniversary.

Renewal interest rate is reset annually; if below the stated bailout rate (e.g., 4.00%), surrender charges may be waived for 30 days post-anniversary.

Full accumulation value on death. Bailout feature can allow full value access if triggered.

 Annuity is a single premium deferred annuity issued by CL Life and Annuity Insurance Company. It offers a 12-month interest rate guarantee period with no less than a 2% return, resetting annually. In the first year, it provides an enhanced interest rate. It includes features such as a bailout interest rate waiver of surrender charges, penalty-free withdrawals from year 2, and multiple payout options for death benefits. This annuity is designed for individuals seeking stable, tax-deferred growth with conservative, long-term savings goals in mind.

The IRS may impose a penalty for withdrawals prior to age 59 ½.

Interest Only Penalty- Free Withdrawal starting after 30 days.

tax-qualified - $10,000 / Non-qualified - $20,000.

Withdrawals exceeding the penalty-free amount during the guarantee period are subject to surrender charges, which start at 9% and decrease annually depending on the term selected. Additionally, a market value adjustment (MVA) may apply to withdrawals above the penalty-free amount, potentially increasing or decreasing the payout based on interest rate changes. Surrender charges and the MVA are waived in the event of death or during the 30-day window at the end of the guarantee period. Withdrawals before age 59½ may also be subject to a 10% federal tax penalty.

Accumulation value minus applicable surrender charges.

 is a single premium, tax-deferred fixed annuity offering guaranteed interest rates over 2-, 3-, or 5-year terms. It is designed for individuals seeking predictable growth and principal protection without exposure to market volatility. The annuity allows for penalty-free withdrawals of up to 12 months' worth of earned interest or the required minimum distribution (RMD), whichever is greater. Upon the owner's death, the beneficiary receives the full account value. At the end of the guarantee period, there is a 30-day window to withdraw funds without surrender charges or market value adjustments.

CL Life Tarrant Trail

CL Life Sundance