Preserve Multi-Year Guaranteed Annuity
Clear Spring Life
5.1%
Best Rate
10%
Free W/D
50
States
A fixed annuity that lets you invest a lump sum and earn a guaranteed interest rate for a period you choose (1-10 years), with tax-deferred growth and flexible access to your money. Designed for people who want safety and predictability in retirement planning.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$5,000
Surrender
10 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.75% |
| 4-Year | 4.9% |
| 5-Year | 5.05% |
| 6-Year | 5.1% |
| 7-Year | 5.1% |
| 8-Year | 5.1% |
| 9-Year | 5.1% |
| 10-Year | 5.1% |
Key Features
Guaranteed Interest Rates
Fixed rates vary by period; no market riskYour interest rate is locked in for your entire guarantee period (1, 2, 3, 4, 5, 6, 7, 8, 9, or 10 years) and does not change based on market conditions
Tax-Deferred Growth
Can significantly increase account value over time versus taxable investmentsYour earnings compound without annual tax liability, allowing faster accumulation. Taxes are only due when you withdraw funds.
Penalty-Free Withdrawals
10% annual access penalty-freeYou can withdraw up to 10% of your account value annually starting in year two without surrender charges or market value adjustments
Surrender Charges
Charges reset if you renew into a new guarantee periodEarly withdrawals beyond the 10% penalty-free amount incur a surrender charge that decreases over time (starting at 7%, declining to 0.75% by year 10)
Multiple Guarantee Periods
Flexible terms from 1-10 yearsChoose from 1 to 10 year guarantee periods to match your retirement timeline and goals
Lifetime Income Option
Income you cannot outliveAnnuitize your account to receive guaranteed income payments for life, with various payout options including joint life and period-certain guarantees
Renewal Feature
Seamless renewal with current market rates (not available in Delaware)30 days before your guarantee period ends, you can renew for another period at current competitive rates with a 30-day window free from surrender charges
Death Benefit
Equal to account value at deathYour named beneficiary receives your account value as a lump sum or income payments, bypassing probate
Nursing Home Care Rider
Full liquidity with no surrender charge (not available in Massachusetts)If confined to a nursing home for 90+ continuous days after owning the contract for at least one year, you can withdraw funds penalty-free to cover care expenses
Terminal Illness Rider
Full liquidity for critical health needs (owner must be age 70 or under and contract in force 1+ year)If you're diagnosed with a critical illness (heart attack, stroke, life-threatening cancer) or deemed terminally ill, you can access funds penalty-free to cover expenses
Highlights
Guaranteed fixed interest rates for your chosen guarantee period (1-10 years) with no market risk to your principal
Tax-deferred growth means your money grows faster since you earn interest on dollars that would otherwise be taxed immediately
Flexible penalty-free withdrawals of up to 10% annually starting in year two, plus additional liquidity riders for nursing home care and critical illness
Multiple guarantee period options let you align the contract with your specific retirement timeline and goals
Guaranteed lifetime income option through annuitization with several payout choices
Surrender Schedule
Yr 1
7%
Yr 2
6%
Yr 3
5%
Yr 4
4%
Yr 5
3%
Yr 6
2%
Yr 7
1%
Yr 8
1%
Yr 9
1%
Yr 10
0.75%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Conservative investors nearing or in retirement who prioritize safety and predictability over growth potential, want tax-deferred accumulation, and plan to hold the annuity through the guarantee period.
Consider Alternatives If
Investors who may need full access to their money within a few years without penalty, or those seeking growth potential beyond fixed rates.
Carrier Ratings
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