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Withdrawals exceeding the annual 10% free-withdrawal allowance, or a full surrender during the surrender charge period, are subject to surrender charges and may incur a Market Value Adjustment (MVA). Surrender charges decline each year of the 6-year period until reaching 0%.

• Full accumulation value paid on death

• Accumulated interest-only withdrawals after 30 days

• Bailout interest rate waiver of surrender charges

None. No annual fees or maintenance charges.

If the owner dies prior to annuitization, the beneficiary receives the full account value, free of surrender charges and MVA. Upon annuitization, remaining payments follow the chosen settlement option.

 Full penalty-free surrender if renewal rate falls below 5.25%.  

Required Minimum Distributions are exempt from surrender charges and MVA (starting year 2).

 10% free withdrawal annually beginning year 2.

Beginning in year two, owners may withdraw up to 10% of the contract value annually without surrender charges or MVA. Multiple withdrawals within the 10% allowance are permitted. Accumulated interest-only withdrawals are available after 30 days.

 funds, including Non-Qualified, Traditional IRA, Roth IRA, SEP IRA, and rollover accounts.

Tarrant Trail provides a one-year guaranteed interest rate at issue. After the initial guarantee period, renewal rates may change but are supported by the policy’s bailout protection, which allows penalty-free full surrender if CL Life sets the renewal rate below the contractual bailout interest rate. Surrender charges and a market value adjustment (MVA) apply to withdrawals above penalty-free allowances.

At the end of the initial one-year guarantee period, Tarrant Trail enters a renewal cycle during which the company declares a renewal interest rate annually. If the declared renewal rate falls below the bailout interest rate (5.25%), the owner may surrender the contract without surrender charges or MVA. Otherwise, standard surrender charges and MVA apply to excess withdrawals during the remaining surrender period. Renewal periods do not create a 30-day penalty-free window unless triggered by a bailout condition.

The surrender value equals the account value minus any applicable surrender charges and MVA, but will never be less than the minimum nonforfeiture amount required by Standard Nonforfeiture Law.

 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.

Withdrawals exceeding penalty-free provisions or a full surrender during the guarantee period are subject to surrender charges and may also incur an MVA. Charges decline each year until reaching 0% at the end of the term. All funds become fully penalty-free at the end of the guarantee period or during the renewal window.

None. No annual maintenance or policy fees apply.

If the owner dies before annuitization, beneficiaries receive the full account value in a lump sum, unaffected by surrender charges or MVA. Once annuitized, remaining payments follow the elected settlement option.

• Accumulated-interest-only withdrawal after 30 days

• RMD waiver of surrender charges & MVA

After the first 30 days, owners may withdraw accumulated interest only without surrender charges or MVA. RMDs are also exempt from charges. All other withdrawals may trigger surrender charges and an MVA.

funds. Sundance MYGA accepts a wide range of funding types, including Non-Qualified assets, Traditional IRAs, Roth IRAs, SEP IRAs, 401(k) rollovers, and Inherited IRAs.

Prior to the end of the guarantee period, CL Life sends a renewal notice including the renewal rate and applicable surrender schedule. During the renewal window, owners may renew for the same term at the declared renewal rate, surrender the policy with no penalty, apply contract value to a settlement option, select a different guarantee period, or take a partial penalty-free withdrawal and renew the remaining value. If no action is taken, the contract automatically renews for the same term at the current renewal rate.

The surrender value equals the account value minus any applicable surrender charges and MVA, but not less than the minimum nonforfeiture benefit required by Standard Nonforfeiture Law.

 is a single-premium Multi-Year Guaranteed Annuity (MYGA) issued by CL Life and Annuity Insurance Company, providing fixed, tax-deferred interest growth and full principal protection over 2-, 3-, and 5-year guarantee periods. Owners receive contractually guaranteed rates insulated from market volatility, delivering consistent and predictable accumulation. With interest-only withdrawals available after 30 days and straightforward mechanics, Sundance MYGA serves conservative savers seeking stability, clarity, and guaranteed growth for short- and mid-term objectives.

CL Life – Tarrant Trail MYGA (5-, 7-Year Terms)

CL Life – Sundance MYGA (2-, 3-, 5-Year Terms)