Company Information
Company Name
CL Life
Product Name
CL Life Sundance 2
Description
This is a single premium, fixed annuity with a short two-year rate guarantee. After two years, owners have a 30-day window to withdraw or transfer all funds. If no action is taken, the contract will be renewed for a new term.
Accounts can be established with deposits of $10K for a qualified contract and $20K for non-qualified funds. Policies include an MVA provision and there are no surrender penalties at death.
AM Best Rating
B++
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
Int / Int
Rate
4.75%
Term
2 Years
Minimum Investment
$ 20,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
90
Surrender Schedule
9%, 8%, 0%
What We Like About This Annuity
This short term annuity offers a competitive history of returns. Accounts can be set up with as little as $10K for qualified funds and $20K non-qualified and still receive the highest available rate.
Notable Features
Contract allows for penalty-free withdrawal of up to 12 months’ worth of interest earned. The death benefit equals the full accumulated value.
Other Popular Products
CL Life specializes in several types of annuity products. They offer bonus annuities, income accounts, bailout options, and floating rate accounts.
Download Brochure
About CL Life
CL Life is headquartered in Fort Worth, TX and has offered insurance products since 1978. They are an affiliate of Crestline Management & Investors which is an asset manager boasting over $18 billion dollars under management.
They were founded on a commitment to deliver insurance and annuities ethically, honestly and fairly to the consumers they serve.