Clear Spring Preserve MYGA 4 (w/ liquidity)
Product Overview
Insurer: Clear Spring Life and Annuity
Brochure: View
$100,000+: 5.25%
$10,000 - $99,999: 4.95%
Affirmed: 4/1/2025
Basic Features
| Feature | Details |
|---|---|
| Product Name | Clear Spring Preserve MYGA 4 (w/ liquidity) |
| Insurer | Clear Spring Life and Annuity |
| Ratings |
|
| Agent/Broker | PlanEasy Inc. |
| Annuity Type | Multi-Year Guaranteed Annuity (MYGA) |
| Term | 4 Years |
| Current Rate for $100,000+ | 5.25% |
| Current Rate for $10,000 - $99,999 | 4.95% |
| Last Rate Change | 4/1/2025, Affirmed |
| Interest Type | Compound Interest |
| State Availability | AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY |
| Free Withdrawals |
|
| Free RMDs | Yes |
| Death Benefit | Yes |
| MVA | Yes |
| Nursing Home Waiver | No |
| Terminal Illness Waiver | Yes |
| Surrender Charge by Year | 7.0%, 6.0%, 5.0%, 4.0% |
| Funding Sources | Personal Investment, Cash, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Pension |
| Terms Available | 3, 4, 5, 6, 7, 8, 9, 10 Years |
| Age Restrictions | 0 to 90 Years Old |
Quick Summary
The Clear Spring Preserve MYGA 4 (w/ liquidity) is a 4-year Multi-Year Guaranteed Annuity (MYGA) issued by Clear Spring Life and Annuity and sold through PlanEasy Inc., a national online annuity agency.Earn a guaranteed compound interest rate on this fixed annuity:
- 5.25% for $100,000+
- 4.95% for $10,000 - $99,999
Key Details
- Ratings: Clear Spring Life and Annuity is rated A- by A.M. Best.
- Guaranteed Rates: 5.25% for premiums of $100,000+. 4.95% for premiums of $10,000 - $99,999. This fixed guaranteed rate ensures predictable tax-deferred growth, making it an excellent alternative to bank CDs.
- Term: The interest rate is guaranteed for 4 years with a surrender charge schedule of the same duration.
- Free Withdrawals: Yes, there is liquidity as the product allows for 10% in year 2+ that do not incur any surrender charges.
- RMDs: Yes, RMDs can be taken out without penalty.
- Age Eligibility: Available for owners between 0 to 90 years old.
- Minimum Premium: Investors can contribute a minimum of $10,000
- Death Benefit: Yes, the product has a traditional death benefit of the annuity's accumulation value, available to the beneficiary with no surrender charges.
- Market Value Adjustment (MVA): Yes, the MVA is applicable to any withdrawals that also incur surrender charges.
- Nursing Home Waiver: No, there is no nursing home waiver.
- Terminal Illness Waiver: Yes, if the owner is terminally ill as defined in the contract, surrender charges and MVAs are waived.
Current & Historical 4-Year Rates
| Premium Band | Effective Date | Guaranteed 4-Year Yield to Surrender |
|---|---|---|
| $100,000+ | 4/1/2025 | 5.25% |
| 3/10/2025 | ||
| 3/1/2025 | 5.15% | |
| 2/1/2025 | 5.10% | |
| $10,000 - $99,999 | 4/1/2025 | 4.95% |
| 3/10/2025 | ||
| 3/1/2025 | 4.85% | |
| 2/1/2025 | 4.80% |
Available Terms & Current Rates
| Premium Band | Term | Guaranteed Yield to Surrender |
|---|---|---|
| $100,000+ | 3 | 5.10% |
| 4 | 5.25% | |
| 5 | 5.45% | |
| 6 | ||
| 7 | 5.40% | |
| 8 | ||
| 9 | ||
| 10 | 5.35% | |
| $10,000 - $99,999 | 3 | 4.80% |
| 4 | 4.95% | |
| 5 | 5.15% | |
| 6 | ||
| 7 | 5.10% | |
| 8 | ||
| 9 | ||
| 10 | 5.05% |