IMPORTANT INFORMATION CL Tarrant Trail Fixed Annuity, ICC22-SPDA-1222, is a single premium deferred annuity with a guaranteed interest rate in year one. May not be available in all states. Interest rates are subject to change after year one and are guaranteed not to be lower than 1% in subsequent years.  ¹ Bonus interest applies only during the first contract year.  Rates and product features are subject to contract terms and limitations. See product disclosure for complete details.

Withdrawals may be subject to a Surrender and Charge and Market Value Adjustment. Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing company. All annuity features, risks, limitations, and costs should be considered before purchasing an annuity.  Product and feature availability may vary by state. Annuities are long-term vehicles to help with retirement income needs. This material is for informational or educational purposes only, and is not a recommendation to buy, sell, hold or rollover any asset. It does not take into account the specific financial circumstances, investment objectives, risk tolerance, or needs of any specific person. You should work with your agent to discuss your specific situation.  In providing this information, CL Life and Annuity Insurance Company (CL Life) is not acting as your fiduciary as defined by the Department of Labor. Neither CL Life  nor its representatives provide legal or tax advice. For legal and tax advice concerning your specific situation, please consult an attorney or tax professional.  Withdrawals from an annuity may be taxable and may result in a tax penalty for those under the age 59 ½.  Please consult with a tax advisor prior to utilizing these provisions. Annuities issued by CL Life and Annuity Insurance Company Executive Office is located at 201 Main Street, Fort Worth, TX 76102. Administrative Office is located at: P.O. Box 11525, Winston-Salem, NC 27116, www.CLLife.com.

ANNUITIES ARE PRODUCTS OF THE INSURANCE INDUSTRY AND NOT GUARANTEED BY ANY BANK OR CREDIT UNION. NOT FDIC OR NCUA INSURED. MAY LOSE VALUE. NOT A BANK OR CREDIT UNION DEPOSIT OR OBLIGATION. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. MAY ONLY BE OFFERED BY A LICENSED INSURANCE AGENT.