What is the minimum guaranteed surrender value for CL Life Tarrant Trail?

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.

What is the minimum premium amount for CL Life Tarrant Trail?

The minimum premium amount is $20,000.

What is the maximum issue age for CL Life Tarrant Trail?

The maximum issue age is 90 years.

What is the current interest rate for CL Life Tarrant Trail?

The current interest rate is 7%.

What is the surrender charge schedule for CL Life Tarrant Trail?

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 These charges are calculated as a percentage of the account value being withdrawn. Additionally, a Market Value Adjustment (MVA) applies under certain conditions, adjusting the value of withdrawn funds based on changes in Treasury yield rates.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

What are the best rates available for CL Life Tarrant Trail?

The best available rate is 7.00% for a 1 year term.

CL Life

CL Life Tarrant Trail

About this product

The CL Tarrant Trail 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.

Available Rates

Rates are based on current simulation settings with premium amount $100,000.00

1 Years

7.00%

Available Guarantee Periods

Rates are based on current simulation settings with premium amount $100,000.00

$20,000.00 - $1,000,000.00

Features
Maximum Issue Age	90 years

Lifetime Income Details

Payout Options

Annuitization

Lump Sum Withdrawal

Additional Options

Actual payout options may vary by insurance carrier and specific products. Common alternatives include:

Life Income Only: Payments for the rest of your life, stopping upon death
Period Certain: Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
Life with Period Certain: Lifetime payments with a minimum guaranteed period
Joint Life: Payments continue for both you and your spouse's lifetimes
Systematic Withdrawal: Regular withdrawals of a specified amount or percentage