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American National Palladium 3, 5 MYGA

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The Preserve Annuity applies surrender charges to withdrawals exceeding the penalty-free amount during the guarantee period. Charges start at 7% in year one and decrease annually, depending on the term. They reset if the contract is renewed and do not apply during the 30-day renewal window or for certain exceptions like death or qualified care riders.

Nursing Home Care Rider and Terminal Illness Rider (no charge; subject to eligibility criteria and state availability).

The death benefit is equal to the account value. If a surviving spouse is the sole beneficiary, the contract may continue under their ownership. Beneficiaries may elect lump sum or income payments.

Penalty-free withdrawal and death benefit features apply.

A single penalty-free withdrawal per year starting in contract year two. The maximum withdrawal is 10% of account value on the previous anniversary. Amounts exceeding 10% are subject to surrender charges and MVA. RMDs exceeding the penalty-free amount are exempt from surrender charges.

This contract provides a guaranteed fixed interest rate over the selected term, issued by Clear Spring Life and Annuity Company. It includes tax-deferral benefits, meaning interest grows without current taxation until withdrawn. Beginning in the second contract year, policyholders are entitled to penalty-free withdrawals up to 10% of the account value annually. Upon the owner’s death, the full account value is paid to the beneficiary, either as a lump sum or in income payments. Optional riders provide added flexibility for nursing home care or terminal illness. The policy also includes an automatic renewal feature with a 30-day window to make changes at the end of the initial term.

Thirty days before the end of the term, the owner may elect a new guarantee period. If no action is taken, the annuity renews into the same term with a new rate and surrender schedule. Withdrawals during this 30-day window are not subject to surrender charges or MVA.

Account value minus applicable surrender charges and market value adjustment.

 is a single premium deferred fixed annuity from Clear Spring Life designed to offer secure, predictable growth over a guaranteed term. It allows for tax-deferred accumulation with a fixed interest rate locked in for the selected guarantee period (ranging from 3 to 10 years). This annuity is ideal for individuals focused on conservative retirement strategies and long-term savings. As a fixed annuity, it assures no market risk to the principal when funds are kept through the surrender charge period, providing steady returns with peace of mind. 

Preserve Multi Year Guaranteed Annuity