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CL Life

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Product Details

Product Name:

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Brochure

CL Life Sundance

A.M. Best Ratings:

B++

Interest Rate:

5.25%

Investment Term:

2 years

Guarantees

Investment Amount:

Investment Amount

Polygon icon

Guaranteed Growth:

$0

Accumulated Value:



Interest Withdrawal Details

Free withdrawals during the contract term are not allowed. All money withdrawn
will be charged based on the surrender charge schedule.

ADDITIONAL PRODUCT DETAILS

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ADDITIONAL PRODUCT DETAILS

Rate Effective Date:

August 13, 2023

Minimum & Maximum Investment:

$20,000 - $1,000,000

Rate Banding:

No banding. All investment amounts receive the same rate.

Account Types for Funding Your Annuity:

Personal Investment, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, 403(b) TSA

Age Limits:

0-90

Free Look Period:

30 days

This is the amount of time you have after the policy is issued to change your
mind and get a refund.

Rate Lock Period:

This is the amount of time that you have after the application is submitted to
fund it and still get the rate in effect at the time of application. Rate lock
periods vary by method of funding as follows:

 * Qualified Retirement Account: 60 days
 * Non-Qualified Personal Savings: 0 days
 * 1035 Annuity Exchanges: 60 days

Death Benefit Provisions:

The named beneficiary(ies) of the CL Sundance Annuity will receive per your
specified allocation on the contract, a death benefit that is equal to the
account value.

Riders & Features Available:

The following riders and features are available for this product. Some might be
included automatically, while others are available for purchase. Availability
may vary by state.

 * Death Benefit

Maturity Options:

At the end of the contract term, you'll have a 30-day window where you'll be
able to withdraw the money invested, reinvest it in another fixed annuity, or
turn it into guaranteed income via annuitization. If you do nothing, your
contract will be renewed for another period of the same term with the rate
effective at the time. If the contract matures before you turn 59½, withdrawals
(other than rollover to an IRA) will be charged a 10% penalty by the IRS.

Taxes:

Annuities receive special tax status as retirement savings vehicles. As such
(and unlike with CDs), the interest that you accumulate will be tax deferred
until it is withdrawn, even if that's after the end of the term of the contract.
Once withdrawals are made, the following taxable events may occur:

 * If funded with personal post-tax savings, only the interest earned will be
   taxable, and it'll be taxed at ordinary income rates upon withdrawal.
 * If funded with Traditional IRA savings, the entire balance (principal + gain)
   will be taxable upon withdrawal at ordinary income tax rates. An annuity
   funded with qualified money will receive no additional tax benefits as the
   retirement account is already a tax deferred vehicle.
 * If funded with Roth IRA savings, no taxes will be charged at withdrawal.

Commission Rate:

2%-3%

We are paid by CL Life when you make a purchase. Commission rates are updated
periodically and subject to change. In limited instances, Blueprint Income may
receive higher compensation than the published commission rates based on
achieving a certain level of sales volume or as a result of playing an expanded
role in policy processing. This is an indirect cost to you, as it is already
factored into the interest rate quoted.

Year by Year Account Balance

The following is your guaranteed annual account balance, interest accumulation,
and free withdrawal provision. Note that any withdrawals actually made would
affect the subsequent years values.



YEARRATEEARNINGSBALANCEWithdrawal Allowance

1

5.25%





$0

2

5.25%





$0

Total

$0



Charges on Withdrawals

For any withdrawals beyond the free allowance during the contract term,
surrender charges will apply as follows:

YEAR

RATE

1

9.0%

2

8.0%

YEAR

1

2

RATE

9.0%

8.0%

Market-Value Adjustment (MVA): The withdrawal charge will be adjusted based on
the change in interest rates between purchase and the decision to withdraw.

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Annuities are distributed by Blueprint Income, LLC. Guarantees are subject to
the claims-paying ability of the issuing insurer. Blueprint Income, LLC is a
licensed fixed annuity agency in all 50 states and The District of Columbia.
Blueprint Income, LLC does not advise clients on the purchase of non-fixed
annuity products. The information presented here is not intended to be a
recommendation to purchase a fixed annuity, immediate annuity, longevity
annuity, or Qualified Longevity Annuity Contract. The contract features
described may not be current and may not apply in the state in which you reside.
Insurance companies often issue contracts which are 'state-specific'. Insurance
companies also change their products and information often and without notice.
Annuities are subject to the terms and conditions of the specific contract
issued by the insurer, are not FDIC or NCUA insured, are not bank guaranteed,
may lose value, and are not a savings deposit product. Please call (888)
867-7620 if you have any questions or concerns. The information provided on this
website is not written or intended as specific tax or legal advice. Blueprint
Income employees and representatives are not authorized to give tax or legal
advice. You are encouraged to seek advice from your own tax or legal counsel.
You should always consult your own financial planning, tax, and legal advisors
to determine if a fixed annuity, immediate annuity, longevity annuity, or
Qualified Longevity Annuity Contract is appropriate for your financial
situation.


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