Preserve Multi-Year Guaranteed Annuity
Clear Spring Life
5.25%
10-yr guarantee
10%
Free W/D
50
Jurisdictions
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
Lead-term guaranteed rate
5.25% guaranteed for 10 years
A multi-year guaranteed annuity from A.M. Best-rated Clear Spring Life offering multiple filed guarantee-period lengths, a year-by-year-declining surrender ladder, a published annual free-withdrawal allowance, and nursing-home and terminal-illness waivers — filed in 50 jurisdictions (not NY).
Best fit
Safety-first buyers who want a known, contractually guaranteed annual rate for a defined number of years from a financially sound carrier and can match the contract term length to a specific planning horizon among the filed guarantee periods. The declining-each-year surrender ladder also suits buyers who want their exit cost falling steadily over the life of the contract.
AM Best
A- Excellent
Surrender period
10 years
Free withdrawal
10%/yr
Product analyst notes
How to think about this contract
Why it can stand out
- Multiple guarantee-period lengths are filed under the same product across the published rate sheet, so a buyer can match the rate-lock to a specific planning horizon rather than being forced into a single fixed length. The rate-by-term table on this page shows every guaranteed rate side-by-side so the term/yield trade-off is visible before purchase.
- Surrender ladder declines steadily across the full surrender period, dropping from the highest starting charge in year one to a much lower charge by the final years rather than holding flat — so a buyer's effective exit cost falls every year of the contract, material if circumstances change later in the term.
- A published annual free-withdrawal allowance is built in across the full surrender period, giving the contract a baseline liquidity valve in every year without paying for an optional rider.
- Standard liquidity package is fully visible on this page — the published free-withdrawal allowance, the full surrender ladder, and the nursing-home and terminal-illness surrender waivers — rather than gated behind a sales brochure.
What to confirm
- The surrender schedule on the headline ten-year ladder does not reach zero — there is still a residual charge in the final year of the contract on the published schedule. Buyers planning a full exit at the end of the surrender period should confirm the precise charge in the final year before treating maturity as a free exit.
- Carrier financial-strength visibility on this page is single-source: A.M. Best is shown for Clear Spring Life and Annuity Company, but Fitch, S&P, and Moody's ratings are not displayed for this carrier. Buyers who want multi-agency rating consensus before locking principal should confirm the other agencies' views with the carrier directly.
- Withdrawals beyond the published free-withdrawal allowance during the surrender period are subject to the surrender ladder shown on this page, so a buyer who expects to draw more than the free amount in any year should size the contribution accordingly or split the premium across terms.
- The filing is not available in New York — confirm state availability before recommending to a New York buyer. There is no cap, index strategy, or income rider on this contract: the guarantee is the declared rate for the chosen term, and the death benefit is the standard contract value rather than a stepped-up or rolled-up income base.
Not ideal for
Buyers who need ongoing access to principal beyond the published free-withdrawal allowance, buyers who want exposure to a market index, buyers looking for guaranteed lifetime income from a GLWB rider, buyers who want a stepped-up or rollup-enhanced death benefit, or New York residents — the filing is not available in NY.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.9% |
| 4-Year | 5.05% |
| 5-Year | 5.2% |
| 6-Year | 5.25% |
| 7-Year | 5.25% |
| 8-Year | 5.25% |
| 9-Year | 5.25% |
| 10-Year | 5.25% |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
2Nursing home waiver, Terminal illness waiver
Death benefit
Standard 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
7%
Yr 2
6%
Yr 3
5%
Yr 4
4%
Yr 5
3%
Yr 6
2%
Yr 7
1%
Yr 8
1%
Yr 9
1%
Yr 10
0.75%
After
0%
Nursing home waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
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