Tarrant Trail
Single Premium Deferred Annuity (SPDA)
A single premium deferred annuity with tax-deferred growth, a 1-year interest rate guarantee period, and a built-in bailout feature tied to renewal rates.
- 1-year interest rate guarantee period that resets on each contract anniversary
- 6-year surrender charge schedule
- 10% penalty-free withdrawals or RMD starting in year 2
- Full account value death benefit
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Why Producers Are Looking at Tarrant Trail
Tarrant Trail combines a first-year enhanced interest rate, annual renewal structure, and a bailout interest rate waiver of surrender charges for clients who want principal protection and flexibility.
The interest rate is guaranteed for 12 months and resets on each contract anniversary, with notice provided before each renewal period.
If the renewal interest rate is less than the stated contract bailout rate, partial or full surrender may be available within 30 days after the anniversary without surrender charge or MVA.
After the first contract year, partial withdrawal up to 10% of account value or Required Minimum Distribution is available without surrender penalty.
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We can help you review fit, generate an illustration, and walk through the bailout feature, surrender schedule, and liquidity details.
Product Overview
CL Tarrant Trail is a single premium deferred annuity with a 12-month interest rate guarantee period, a first-year enhanced interest rate, a bailout interest rate waiver of surrender charges, and a 6-year surrender charge schedule.
Core Product Highlights
- 1-year interest rate guarantee period that resets on each contract anniversary.
- Enhanced first-year interest rate equal to the difference between the declared first-year interest rate and the stated bailout rate.
- Bailout feature if the declared renewal interest rate is below the stated contract bailout rate.
- 6-year surrender charge schedule.
- Maximum issue age of 90.
- Tax-deferred growth with principal not subject to market fluctuations if held to the end of the surrender charge period.
Contract Details
Rates are guaranteed for 1 year at policy issue and are subject to change. We will provide notice of renewal rate prior to each policy anniversary.
Tarrant Trail may fit clients looking for a fixed annuity that offers tax-deferred growth, annual renewal rate notifications, and a bailout feature that may allow them to exit without surrender charge or market value adjustment if renewal rates fall below the stated bailout rate.
Liquidity, Surrender Charges & Contract Access
Starting in year 2, partial withdrawal up to 10% of account value based on prior anniversary value or Required Minimum Distribution, whichever is greater, may be taken without surrender charges or MVA.
A market value adjustment will be applied anytime a surrender charge is incurred. The MVA does not apply to penalty-free withdrawals, death benefit payments, or at the end of the surrender charge period.
Additional Contract Benefits
Tarrant Trail also includes a full account value death benefit and the ability to annuitize for a specified number of years or guaranteed lifetime income, subject to contract terms.
Product Resources
Download the CL Tarrant Trail materials below.
Rates are subject to change at any time. Product availability and provisions may vary by state.
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Request an illustration, talk with our team, or move forward with contracting if you’re ready to offer this SPDA.
Product availability, features, rates, and compensation may vary by state, issue age, and over time. All caps, participation rates, boosts, and commission levels are subject to change at the carrier’s discretion and may not apply to every contract. Certain riders and benefits may not be available in all states. This page highlights general features and should not be considered a guarantee of future availability or performance.