Clear Spring Preserve MYGA — 4-year fixed annuity at 5.15%
- Locks in 5.15% for 4 years
- Open with $5,000 to $1,000,000
- Free withdrawals allowed for:
- 10% of your balance each year
- Required IRA distributions
- Your full investment for nursing home confinement or terminal illness
Rates as of May 9, 2026
Projected balance
over 4 years
Compounded at 5.15% guaranteed. No market exposure, no fees deducted from your balance.
| Year | Earnings | Balance |
|---|---|---|
| 1 | $5,150 | $105,150 |
| 2 | $5,415 | $110,565 |
| 3 | $5,694 | $116,259 |
| 4 | $5,987 | $122,247 |
| Total earnings | $22,247 | $122,247 |
Free-withdrawal allowance: 10% / yr after year 1. Withdrawals beyond the allowance trigger the surrender charge below.
- Rank vs. peers
- #8 of 37 (top is 6.05% — Mountain Life Alpine Horizon)
Same product, other terms
Other Preserve MYGA terms from Clear Spring
Projections shown for a $100,000 premium.
| Term | Rate | Projection | |
|---|---|---|---|
| 3-year | 5.05% | $115,928 | View → |
| 4-year | 5.15% | $122,247 | You're here |
| 5-year | 5.30% | $129,462 | View → |
| 6-year | 5.25% | $135,935 | View → |
| 7-year | 5.25% | $143,072 | View → |
| 8-year | 5.25% | $150,583 | View → |
| 9-year | 5.25% | $158,489 | View → |
| 10-year | 5.25% | $166,810 | View → |
If you withdraw early
Surrender charge schedule
Surrender charges apply to withdrawals beyond the free-withdrawal allowance during the contract term. The charge is a percentage of the amount withdrawn, decreasing each year. They exist because the carrier matches your premium against long-duration assets — early redemption forces them to unwind those positions.
| Contract year | Charge |
|---|---|
| Year 1 | 7.0% |
| Year 2 | 6.0% |
| Year 3 | 5.0% |
| Year 4 | 4.0% |
Contract terms
What else to know
Term
4 years guaranteed at 5.15% APY
Investment range
$5,000 – $1,000,000
Rate banding
Higher investment amounts qualify for higher rates.
| Premium band | Rate |
|---|---|
| $5,000 – $100,000 | 4.85% |
| $100,000 – $1,000,000 | 5.15% |
Funding sources accepted
Traditional IRA, Non-Qualified, Inherited IRA, 1035 Exchange, IRA Rollover, IRA Transfer, Spousal IRA, IRA-Roth, SEP IRA, TSP
Owner age
0 to 90 years old
Free look period
30 days after policy issue to change your mind without penalty.
Death benefit
Full accumulated value passes to your beneficiary, no surrender charge.
Riders & waivers
- Terminal Illness Waiver
- Nursing Home Waiver
- Death Benefit Waiver
- RMD-Friendly (RMD withdrawals exempt from surrender charge)
Maturity
30-day window at the end of the term to withdraw, reinvest, or convert to guaranteed income via annuitization.
Tax treatment
Interest accumulates tax-deferred. Personal post-tax funds: only the interest is taxable on withdrawal. Withdrawals before age 59½ may be subject to a 10% IRS penalty.
Source: Clear Spring contract brochure (download PDF). Anything you act on should be confirmed against the carrier's most recent filing.
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