CL Sundance
CL Life
5.7%
5-yr guarantee
10%
Free W/D
26
States
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed rate
5.7% guaranteed for 5 years
A short-surrender multi-year guaranteed annuity from CL Life offered in a short menu of guarantee periods — running from a short term up through a mid and a longer term — with an annual free-withdrawal allowance, an RMD waiver, and single or joint annuitization at maturity, available in a limited set of US states and backed by a B-grade A.M. Best-rated carrier.
Best fit
Buyers inside this filing's state footprint who want a short, simple multi-year guarantee — pick the term that matches the money's horizon, lock the rate, leave it alone — and value the annual free-withdrawal access and the RMD waiver on qualified money. Buyers comfortable with a B-grade A.M. Best carrier rating in exchange for the contract's headline rate and short surrender window.
AM Best
B++ Good
Surrender period
3 years
Free withdrawal
10%/yr
Availability
26 states
Product analyst notes
How to think about this contract
Why it can stand out
- Short, three-term menu — a small set of guarantee periods running from short to mid to long, so a buyer is not asked to wade through a dozen variants to pick a length; pick the surrender commitment that matches the money's horizon and the rate published for that term follows.
- Annual free-withdrawal allowance during the surrender period, so a meaningful slice of the contract value is reachable each year without a surrender charge — useful for buyers who want some liquidity built in rather than a full lock-up across the surrender window.
- Contractual RMD waiver, so required-minimum-distribution withdrawals on qualified money come out without triggering the surrender charge — a practical fit for buyers using this contract inside a traditional IRA.
- Both single and joint annuitization options are available at the end of the surrender period, so a couple can convert the contract value to a joint-life payout later if priorities shift from accumulation to income.
What to confirm
- The carrier's A.M. Best financial-strength view on this filing is in the B-grade band rather than the A-grade band most large MYGA issuers carry, and this page shows only a single agency view rather than a multi-agency corroboration. Buyers who treat an A-grade rating as the floor for a multi-year guarantee should compare CL Sundance against an A-rated MYGA at the same term before committing principal.
- This filing is available in a limited set of states — well under half of US jurisdictions on the live feed — so a buyer outside that footprint cannot purchase CL Sundance at all, regardless of how the headline rate compares. Confirm state availability before treating this contract as an option.
- The surrender ladder published for this filing declines by a single percentage point each year from a high single-digit year-one charge to a still-mid-single-digit charge in the final surrender year before dropping to zero. An early exit during the surrender window beyond the annual free-withdrawal allowance carries a real cost — this is money committed for the full term, not a near-cash bucket.
- The death benefit on this filing is described as depending on contract terms, withdrawals, and rider elections rather than a guaranteed roll-up or step-up beyond the contract value, and there is no premium bonus or guaranteed-lifetime-withdrawal rider — this contract is built for rate certainty over a fixed multi-year window, not for legacy enhancement, an upfront bonus, or guaranteed lifetime income.
Not ideal for
Buyers who require an A-grade A.M. Best carrier rating or multi-agency financial-strength corroboration before locking principal, buyers outside this filing's available states, buyers who want a longer-than-5-year MYGA, or buyers who need a premium bonus, a guaranteed-lifetime-withdrawal rider, market-linked upside through index crediting, or a death benefit with a guaranteed roll-up or step-up — a short-window fixed-rate deferred contract from a B-rated regional carrier is not built for any of those things.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 2-Year | 5.15% |
| 3-Year | 5.5% |
| 5-Year | 5.7% |
Key Features
Surrender waivers
1RMD waiver
Death benefit
Standard CV Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
After
0%
RMD waiver, Surrender waivers
Carrier Ratings
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