Clear Spring Life

Financial Ratings

AM Best A-Stable

About Clear Spring Life

Clear Spring Life and Annuity Company is a U.S.-based insurer that focuses on annuity products for retirement planning. Founded in 1985 and headquartered in Zionsville, Indiana, the company is a subsidiary of Group 1001, a financial services group. Clear Spring Life offers a range of annuities, including Fixed Indexed Annuities (FIAs), which provide potential growth linked to market indices with downside protection; Multi-Year Guaranteed Annuities (MYGAs), which offer fixed interest rates for terms between 3 and 10 years, delivering predictable returns; and Single Premium Immediate Annuities (SPIAs), designed to provide immediate, guaranteed income for retirees. These products are distributed through independent marketing organizations, reflecting the company’s goal of making annuity-based retirement solutions accessible and easy to understand

Product Lineup

ClearFlex

Fixed Indexed Annuity

Growth + Protection: Market-Linked Returns Without Market Risk

Downside Protection

Growth OpportunityVaries by index and strategy selected

Tax DeferralPotentially 26% more savings over 20 years vs. taxable accounts

Flexible PremiumsInitial: $5,000+ qualified / $10,000+ non-qualified; Additional: $1,000 one-time or $250 monthly

Best for: People ages 0-80 who want to accumulate retirement savings with protection from ...

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Highlander

Fixed Indexed Annuity

Fixed Indexed Annuity with 10% Bonus & Market Protection

Premium Bonus10%

Index Crediting with CapCap rates vary; example shows 7% cap

Tax DeferralTaxed at withdrawal

Free Withdrawals10% annually

Best for: People ages 55-80 nearing or in retirement who want S&P 500 upside potential wit...

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Highlander 7

Fixed Indexed Annuity

Market Growth + Principal Protection = Peace of Mind

Principal Protection

Tax Deferral

Index Crediting

Free Annual Withdrawal10% annually

Best for: People at any life stage—from mid-career savers rolling over old 401(k)s, to tho...

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Preserve Multi-Year Guaranteed Annuity

Annuity

Fixed annuity with guaranteed rates and tax-deferred growth

Guaranteed Interest RatesFixed rates vary by period; no market risk

Tax-Deferred GrowthCan significantly increase account value over time versus taxable investments

Penalty-Free Withdrawals10% annual access penalty-free

Surrender ChargesCharges reset if you renew into a new guarantee period

Best for: Conservative investors nearing or in retirement who prioritize safety and predic...

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ViStar

Fixed Indexed Annuity

Protected growth with guaranteed lifetime income option

Principal Protection100% protected

Index-Linked GrowthCap rate, participation rate, or fixed rate options

Tax DeferralTax-deferred accumulation

Penalty-Free Withdrawals10% annual access

Best for: People near or in retirement who want growth potential with principal protection...

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Financial Ratings

Live from CANNEX

Rating Agency

A.M. Best

Rating

A-

Description

Excellent

Effective

March 11, 2025

Rating Analysis

Clear Spring Life and Insurance Company holds an A- rating from AM Best, indicating strong financial stability and reliability in the insurance sector. This rating reflects the company's sound capitalization, disciplined risk management, and steady operational performance. Clear Spring Life has built a solid reputation in the life insurance and annuity markets, backed by a well-established infrastructure and prudent business strategies. The stable outlook associated with this rating suggests that Clear Spring Life is expected to maintain its financial health and continue delivering consistent results over the long term.