Clear Spring Life Preserve MYGA 8
Current Fixed Rates Bands
Rate Effective Date September 1, 2026
The Clear Spring Life Preserve MYGA 8 is a single premium, fixed annuity with an eight-year rate guarantee. After eight years, owners have a 30-day window to withdraw, transfer, or renew their funds for a new term. If no action is taken, the policy will be renewed for the same guarantee period.
This policy offers two interest rate bands. The highest rate is for deposits over $100K, while lower rates are available for deposits between $10K and $99.9K. A Market Value Adjustment Feature is included and qualified and non-qualified funds are accepted. Traditional, Spousal, SEP, Roth, and Inherited IRAs are accepted as well as 1035 tax-free exchanges.
Free 10% annual withdrawals are available beginning in year two. There are no surrender penalty charges at death.
More Annuity options from: Clear Spring Life
Notable Features
At no extra charge, this policy includes Nursing Home, Terminal Illness, and Annuitization riders that allow for additional liquidity in times need of hardship. The Nursing Home and Terminal illness riders allow for the full waiver of surrender charges when certain conditions are met. Policies can be annuitized at any time surrender-free for a minimum of 10 years or for 5 years after the initial guarantee period.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
8 Years
Free Withdrawals Yr1 / Yr2+
0% / 10%
Additional Withdrawal Information
Beginning in year 2, this policy allows for free withdrawals equal to 10% of the account value as of the previous policy anniversary. Required minimum distributions (RMDs) for IRA owners are allowed in all policy years.
Surrender Schedule
7%, 6%, 5%, 4%, 3%, 2%, 1%, 1%, 0%
Maximum Age
90
Minimum Investment
$100,000
Maximum Investment
$1,000,000
What We Like About This Annuity
This policy is available up to age 90 with 10% free liquidity in year two. Two interest rate bands are offered allowing for lower minimums to start. Required Minimum Distributions for IRA owners are penalty-free in all years including year one.
Other Popular Products
Clear Spring specializes in multi-year fixed, fixed-indexed, and single premium immediate annuity plans. They offer several unique and popular fixed-indexed annuities for those seeking higher growth opportunities.
About Clear Spring Life
Clear Spring Life
AM Best Rating: A- Excellent (4th of 13 ratings)
https://clearspringlife.com/
About Clear Spring Life and Annuity Company
Headquartered in Indianapolis, IN, Clear Spring Life is a member of Group 1001, a $60 billion insurance holding company. CSL specializes in immediate, fixed, and fixed-indexed annuities for growth and income.
They carry an A- rating with AM Best and focus on experience, security, and loyalty for their policyholders in order to deliver long-term results with excellence and integrity.