CL Sundance MYGA
CL Life Sundance MYGA (ICC22-MYGA-1002) is a single premium deferred annuity. May not be available in all states. Rates are guaranteed for 2, 3, or 5- years, depending on the guarantee period selected at contract issue and are subject to change. Within 30 days prior to the end of the Initial Interest Guarantee Period, we will send you a notification informing you the date the Guarantee Period is ending and provide the renewal rate and Surrender Charges in effect for the subsequent Guarantee Period. For transfers and 1035 Exchanges, rate lock will be extended 60 days upon receipt of application. Issue age for all deferred annuities is the age of the last birthday of the Owner. If joint owners, age of oldest determines commission payout.
CL Tarrant Trail Annuity
CL Tarrant Trail Annuity, the policy form number [ICC22-SPDA-1222], is a single premium deferred annuity with a guaranteed interest rate for one year. Interest rates are subject to change after year one and are guaranteed not to be lower than 1% in subsequent years. For transfers and 1035 Exchanges, the rate lock will be extended 45 days upon receipt of the application. A market value adjustment may apply to surrenders or withdrawals.
IMPORTANT INFORMATION
Annuity contracts contain limitations. Please consult the contract for more details regarding these limitations such as, if applicable, varying surrender charges periods, surrender charges associated with early or excess withdrawals, and market value adjustments. Annuity withdrawals are subject to ordinary income taxes and the IRS may impose a penalty for withdrawals prior to age 59 ½. All annuity features, risks, limitations, and costs should be considered prior to purchasing an annuity.
This material is provided for clarification of benefits that may be included in the contract when it is issued. It is for informational purposes only. In the event of any ambiguity or conflict of terms between this material and the annuity contract, the terms of the annuity contract shall be controlling. Guarantees are based on the claims-paying ability of CL Life and Annuity Insurance Company.
Annuities issued by CL Life and Annuity Insurance Company, Executive Office is located at: 201 Main Street, Fort Worth, TX 76102. The Administrative Office is located at: P.O. Box 11525, Winston-Salem, NC 57116, (800) 520-6162, www.CLLife.com. Annuities may not be available in all states.
CL Life and Annuity Insurance Company nor any of its representatives may provide tax or legal advice. For legal and tax advice concerning your specific situation, please consult an attorney or tax professional.
This material is for informational or educational purposes only, and is not a recommendation to buy, sell, hold or rollover any asset. It does not take into account the specific financial circumstances, investment objectives, risk tolerance, or needs of any specific person. You should work with your agent to discuss your specific situation. In providing this information, CL Life and Annuity Insurance Company is not acting as your fiduciary as defined by the Department of Labor.
ANNUITIES ARE PRODUCTS OF THE INSURANCE INDUSTRY AND NOT GUARANTEED BY ANY BANK OR CREDIT UNION. NOT FDIC OR NCUA INSURED. MAY LOSE VALUE. NOT A BANK OR CREDIT UNION DEPOSIT OR OBLIGATION. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. MAY ONLY BE OFFERED BY A LICENSED INSURANCE AGENT.
