At Diversified Insurance Brokers, we specialize in helping individuals secure guaranteed growth, tax-deferred accumulation, and financial stability through customized annuity strategies built around retirement income clarity — not product pressure. The Clear Spring Life Preserve Multi-Year Guaranteed Annuity, issued by Clear Spring Life and Annuity Company, is designed for individuals who want dependable, contractually guaranteed interest without exposure to market volatility. In today’s rate environment, many retirees and pre-retirees are reassessing risk. After years of stock market swings, sequence-of-returns concerns, and uncertainty around bond performance, a Multi-Year Guaranteed Annuity (MYGA) provides something increasingly rare: certainty.
With the Preserve MYGA, your interest rate is declared upfront, locked in for a specific term, and protected from market loss. Your principal does not fluctuate. Your growth is predictable. And your earnings accumulate tax-deferred, allowing compounding to work more efficiently over time. For conservative savers rolling over IRA funds, repositioning CDs, transferring 401(k) assets, or reallocating a portion of brokerage accounts to safer ground, this type of structure can provide stability within a diversified retirement portfolio. If you’re still comparing structures, reviewing What Is a Multi-Year Guarantee Annuity (MYGA)? can help clarify how fixed-term annuities differ from indexed and variable contracts.
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The Preserve MYGA offers guaranteed fixed interest rates for 3, 5, 7, or 10 years, giving you flexibility to match your annuity term with your financial timeline. Whether you are building a laddered annuity strategy or simply want to lock in a competitive yield for a defined period, these options allow strategic planning around retirement milestones. Because interest compounds tax-deferred, your earnings grow without annual taxation, which can enhance long-term accumulation compared to fully taxable fixed income instruments. Many clients compare shorter commitments such as 2-Year Fixed Annuity Rates or intermediate options like 5-Year Fixed Annuity Rates before deciding how to allocate capital. The key advantage remains the same: your rate is locked, your principal is protected, and your growth does not fluctuate with markets.
Liquidity matters, and the Preserve MYGA balances commitment with flexibility. Beginning in year two, contract owners may withdraw up to 10% annually without surrender charges, allowing measured access to funds while maintaining the integrity of the long-term strategy. Nursing home and terminal illness waivers may provide additional flexibility in qualifying circumstances, and a guaranteed death benefit ensures beneficiaries receive the full contract accumulation value. For families evaluating legacy positioning, reviewing Annuity Beneficiary Death Benefits can help clarify how these structures pass efficiently to heirs without probate delays in many cases. At the end of the guarantee term, you retain control: renew for another period, withdraw funds without penalty, or convert the balance into a structured income stream designed to support retirement cash flow. If income conversion is part of your long-term strategy, our How Do Annuities Earn Interest? guide can help explain how fixed annuities generate and support payout calculations.
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When evaluating the Preserve MYGA within a broader retirement framework, it is important to consider risk tolerance, time horizon, liquidity needs, and income planning goals. Many retirees allocate a portion of assets to fixed annuities to reduce overall portfolio volatility while maintaining growth potential in other segments. This type of diversification can mitigate sequence-of-returns risk during early retirement years, particularly when withdrawals begin. Clients who want to compare across carriers can review Current Annuity Rates to ensure competitiveness before locking in a term. At Diversified Insurance Brokers, we provide side-by-side comparisons across highly rated carriers so you can evaluate surrender schedules, liquidity features, renewal structures, and rate competitiveness transparently. Clear Spring Life and Annuity Company brings a disciplined investment approach and a conservative asset management philosophy, which supports the guarantees embedded within the contract. Still, no annuity should be selected based on rate alone. Suitability, financial strength, flexibility provisions, and long-term objectives all matter.
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Ready to explore this annuity in more detail—or compare it with other carriers to see if even higher rates are available? With guaranteed income, principal protection, and long-term growth potential on the line, making the right choice is essential. The experienced advisors at Diversified Insurance Brokers will guide you through the options and design a strategy tailored to your retirement goals.
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FAQs: Clear Spring Life Preserve Annuity
What is the Preserve Annuity from Clear Spring Life?
The Preserve Annuity is a fixed deferred annuity that offers a guaranteed interest rate over a specified surrender period, designed for individuals seeking stable, low-risk accumulation without exposure to equity markets.
How does interest accumulate in this annuity?
Upon issue, the contract locks in a fixed interest rate that applies for the duration of the guarantee period. Interest is credited annually (or per contract terms) and accumulates tax-deferred until withdrawal or surrender.
What surrender period does Preserve Annuity use?
The product comes with a multi-year surrender schedule. While exact terms may vary, the surrender charge generally declines over time until the guarantee period ends and full liquidity is restored.
Are annual penalty-free withdrawals allowed?
Yes. Most versions permit a limited annual penalty-free withdrawal (often a small percentage of contract value) after the first year. Withdrawals beyond that limit or early full surrender may trigger surrender charges.
Is there a Market Value Adjustment (MVA) feature?
Some versions may include an MVA — meaning early surrender values could be adjusted up or down depending on prevailing interest rates at the time of surrender. Confirm contract details before purchase.
Can this annuity be used inside an IRA or other qualified account?
Yes. The Preserve Annuity can generally be funded with either qualified retirement funds (like an IRA or 401(k) rollover) or non-qualified savings, depending on your financial goals.
Is my principal protected?
Yes. As a fixed annuity, Preserve guarantees that your premium and credited interest are protected — provided you follow the contract terms and hold through the surrender period or comply with withdrawal rules.
Are there ongoing fees or maintenance costs?
No. There are no annual account maintenance fees or hidden charges. Costs only come into play if you take withdrawals beyond the allowed amount or surrender early.
What happens at contract maturity or after surrender period ends?
At the end of the guarantee period, you typically have full liquidity — you can withdraw the full account value without surrender charges, renew into a new annuity, or roll funds into another financial vehicle.
Who is Clear Spring Life Preserve Annuity best suited for?
This annuity is ideal for conservative savers who want predictable, guaranteed growth, tax-deferred accumulation, and a safe place to park money for a set period — especially those seeking low risk and stable returns without market volatility.
About the Author:
Jason Stolz, CLTC, CRPC and Chief Underwriter at Diversified Insurance Brokers (NPN 20471358), is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, Group Health, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient. Visitors who want to explore current annuity rates and compare options across multiple insurers can also use this annuity quote and comparison tool.
