Today’s Best CL Life Annuity Rates
| Term | Product | AM Best Rating | Rate |
| 3 Years | CL Sundance 3-Year | B++ | 5.85% |
| 5 Years | CL Sundance 5-Year | B++ | 5.60% |
| 2 Years | CL Sundance 2-Year | B++ | 5.25% |
CL Life
Our Take
CL Life offers fixed annuities with relatively short guarantee periods and competitive interest rates. However, the minimum premiums are high, and CL Life only sells annuities in a handful of states.
Pros
- Competitive fixed annuity rates
- High customer satisfaction
- Accessible product information
Cons
- Limited product offerings
- High minimum premium
- Not widely available in the U.S.
Compare CL Life Annuity Rates
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| Product | Rate | Guarantee Period | Surrender Period | AM Best Rating |
|---|---|---|---|---|
CL Sundance 2-Year |
4.25% | 2 Years | 2 Years | B++ |
|
CL Sundance 3-Year |
4.50% | 3 Years | 3 Years | B++ |
|
CL Sundance 5-Year |
5.15% | 5 Years | 5 Years | B++ |
Additional Products Offered by CL Life
CL Life offers two single premium fixed annuity products. With this type of annuity, you make a single premium payment that earns interest at a guaranteed rate for a number of years before converting into a stream of income.
CL Sundance
The CL Sundance is a multi-year guaranteed annuity or MYGA. The guarantee period for this annuity ranges from two to five years, and the interest rate earned varies depending on the length of the guarantee period.
CL Life requires a minimum premium of $10,000 for qualified CL Sundance contracts and $20,000 for non-qualified contracts. The CL Sundance comes with a market value adjustment feature. When you withdraw funds from the account, the insurer adjusts your contract to reflect the change in interest rate environments since you purchased the annuity.
The three-year and five-year versions allow for penalty-free withdrawals of up to 12 months of the contract’s earned interest. For the two-year contract, penalty-free withdrawals are only allowed for the required minimum distribution (RMD).
CL Tarrant Trail
CL Tarrant Trail has a fixed interest rate guaranteed for one year. This annuity has a $20,000 minimum premium for qualified and non-qualified contracts, and a market value adjustment similar to the CL Sundance.
A renewal rate bailout feature sets the CL Tarrant Trail apart from CL Life’s other fixed annuity. When the contract renews at a new rate at the end of each year, owners have a 30-day window during which they can take a full or partial withdrawal with no surrender charges or market value adjustment.
In addition to the renewal rate bailout, CL Tarrant Trail owners have the option to withdraw up to 10% of their contract’s value starting in the second contract year.
Buy an Annuity From CL Life Today
About CL Life
CL Life and Annuity Company is an affiliate of the asset manager Crestline Investors, Inc. Founded in 1997, Crestline manages over $16 billion of assets, including nearly $1 billion for well-known insurance providers like CL Life.
In 2022, CL Life had 0.001% of the U.S. annuity market share, with premiums totaling just over $3.2 million, according to data from the National Association of Insurance Commissioners (NAIC).
On the company’s website, CL Life says their products are available in 12 states. However, the NAIC reports that CL Life is only licensed to sell insurance products in five states: Arizona, Ohio, Oklahoma, Texas and Virginia.
Log into your CL Life account or connect with customer service at 1-800-520-6162.
Talk to one of our trusted partners at 855-995-1277 or request a free estimate.
Credit Ratings
If you’re thinking of buying an annuity, it’s important to know about credit ratings for annuity providers. These ratings show how financially stable the provider is. Keep in mind that different rating companies use different rating scales.
CL Life Credit Ratings
| Rating Company | Credit Rating |
| AM Best | B++ (Good) |
| Fitch | Not Rated |
| S&P | Not Rated |
See which annuity providers our independent editorial team ranked as the Best Annuity Companies of 2024.
What Customers Are Saying About CL Life
CL Life has not had any customer complaints registered with state insurance commissions in the last three years, according to the NAIC. However, it’s worth noting that CL Life is a very small company, and NAIC data reports that the company did not sell annuity premiums in 2020 or 2021.
The NAIC tracks the consumer complaints that each state’s insurance commission receives each year. These are used to compile a company’s NAIC Complaint Index.NAIC Complaint IndexDetermined by dividing the company’s share of complaints in the U.S. market by the company’s share of premiums in the U.S. market. The National Complaint Index is always 1.00, so a score of 2.00, for example, is twice as high as expected in the market.
NAIC Complaint Index for CL Life
| All Policy Types | 0.00 |
| Individual Annuities Only | 0.00 |
These numbers indicate that CL Life receives significantly fewer customer complaints than the industry average.
CL Life did not appear in either the 2022 or 2023 editions of the J.D. Power Customer Satisfaction Index Ranking, which measures the overall customer satisfaction of annuity providers.
CL Life Pros & Cons
Like any annuity provider, CL Life has both pros and cons. Before purchasing an annuity from any issuer, consider the advantages and disadvantages of the company and its products.
Pros
- Competitive fixed annuity rates: As of December 2023, CL Life offered fixed annuity rates as high as 7.00%, a more generous rate than many of its competitors.
- High customer satisfaction: With no consumer complaints reported to state insurance commissions, it seems the CL Life customers are satisfied with the company’s service.
- Accessible product information: CL Life’s website lists the main highlights of each of its products, and brochures for both annuity offerings can be downloaded for more information.
Cons
- Very limited product offerings: CL Life only offers two annuities, and both are single premium fixed deferred annuities.
- High minimum premium: At $20,000, CL Life’s minimum premiums are higher than most of their competitors.
- Not widely available in the U.S.: CL Life annuities are only available in a handful of states.
Still Searching for the Best Annuity Provider?
Provider Rating Methodology
Annuity.org created a fact-based methodology to analyze the strength, security and reach of different annuity providers. We assessed companies based on their availability, the amount of direct premiums sold, their AM Best Financial Strength Rating and their NAIC Complaint Index score.
Providers received a rating on a five-star scale for each of these categories, with the complaint index and financial strength ratings weighed as the heaviest variables. Then, using a weighted average, each company was assigned an overall star rating.
Annuity.org’s Top-Ranked Providers
| Provider | Annuity.org Star Rating |
| Mass Mutual |  |
| New York Life | |
| Pacific Life | |
| Midland National | |
| North American | |
| Western & Southern | |
Our Rating Panel
The Annuity.org editorial team spoke with several different annuity experts to learn more about what is important to customers when searching for a provider and what factors make a company reliable. While Annuity.org designed the methodology, these experts provided feedback during the process and consulted on what factors we should leverage to best help prospective buyers compare providers.
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