Fixed index annuity review and rates


The Highlander is a single premium deferred fixed indexed annuity offering multiple crediting strategies and a fixed interest rate strategy. Surrender charges will apply to certain withdrawals during the first 10 years of the Contract. If applicable in your state the Highlander includes a Market Value Adjustment ("MVA") that applies when surrender charges apply. 
Available in states: 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, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
3.25% Fixed
1-Year S&P 500 PTP Cap
Point to Point
6.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
30% Participation
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
150% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 10% 9% 8% 7% 6% 5% 4% 3% 2% 1%


Name Inbuilt Fee
Lifetime Withdrawal Rider No 0.90% annually
Lifetime Withdrawal Rider (MA, MT) No 0.90% annually
Clear Spring Life and Annuity Company
Founded: 1985
A.M. Best: A-
S&P: A-
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Premium bonus
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
Qualified: $5,000
Non-Qualified: 1000000%
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, Inherited IRA, and TSP