CL Life Sundance 5
Current Fixed Rate
Rate Effective Date September 21, 2026
The CL Life Sundance 5 is a single-premium fixed annuity contract with a five-year rate guarantee. After five years, the account is fully liquid, and owners have a 30-day window to withdraw, transfer, or reinvest the entire account balance. If no action is taken, the contract will be renewed for a new term.
This policy allows for free accumulated interest withdrawals after 30 days. Qualified and non-qualified funds are accepted, including Traditional, Roth Conversion, SEP, and Rollover IRAs. There are no surrender penalties for accumulated interest withdrawals or for IRA Required Minimum Distributions in year 2 of the contract.
Accounts can be established with deposits of $10K for qualified contracts and $20K for non-qualified funds. Policies include an MVA provision. There are no surrender penalties at death.
More Annuity options from: CL Life
Notable Features
This contract allows for penalty-free interest withdrawals beginning after 30 days of deferral. There are no penalties or MVA adjustments for RMD distributions in year 2, even if they are greater than the accumulated interest amount.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
5 Years
Free Withdrawals Yr1 / Yr2+
Int / Int
Additional Withdrawal Information
This policy allows accumulated interest to be withdrawn monthly, quarterly, semiannually, or annually without surrender charges or MVA. The maximum penalty-free withdrawal is the greater of the prior 12 months’ earned interest or the applicable RMD. Beginning in Year 2, RMDs exceeding the penalty-free amount are also exempt from surrender charges.
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 0%
Maximum Age
90
Minimum Investment
$20,000
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
This five-year annuity offers very competitive returns nationwide. Accounts can be set up with as little as $10K for qualified funds and $20K for non-qualified funds and still receive the highest available rate. The policy is IRA-friendly for yearly RMDs and has no surrender penalties upon owner/annuitant passing.
Other Popular Products
CL Life specializes in several types of annuity products. They offer bonus annuities, income accounts, policies with bailout options, and floating-rate accounts. Their Tarrant Trail annuity has a unique bailout feature if interest rates fall below certain thresholds.
About CL Life
CL Life
AM Best Rating: B++ Good (5th of 13 ratings)
https://www.cllife.com/
About CL Life & Annuity Insurance Company
CL Life is headquartered in Fort Worth, TX, and has offered insurance products since 1978. They are an affiliate of Crestline Management & Investors, an asset manager with over $18 billion under management. KBRA rates their bonds A- while AM Best gives the overall company a B++ rating.
Their Sundance guaranteed fixed annuities are their flagship offering. Income, SPIA, and their Tarrant Trail annuity are also popular with investors.
They were founded on a commitment to deliver insurance and annuities ethically, honestly, and fairly to the consumers they serve. Policyowners and agents alike rely on CL Life’s discipline, vision, and execution to meet the growing demand for safe and insured annuity products.