CL Sundance
About this product
The CL Sundance Annuity 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.
Available Rates
Rates are based on current simulation settings with premium amount $100,000.00
| 2 Years | 5.10% |
| 3 Years | 5.50% |
Available Guarantee Periods
Rates are based on current simulation settings with premium amount $100,000.00
| $10,000.00 - $1,000,000.00 | 5.1% |
| Features | |
| Maximum Issue Age | 90 years |
Lifetime Income Details
Payout Options
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