Skip to content 
Product Details
Provider Single Premium Immediate Annuity
Company social profile:
Product Name
Provider Single Premium Immediate Annuity
Annuity Type
SPIA
Issuing Insurance Company and Ratings
Clear Spring Life and Annuity Company
Ratings
Product Information
The Provider Single Premium Immediate Annuity is a smart way to ensure a steady income without delay. A distribution from a retirement plan can be an ideal source for creating reliable income. SPIAs can also be beneficial for other specific situations such as creating income from an inheritance or settlement from a personal injury or divorce.
Key Features
Premium Types: Single
Minimum Premium: $20,000
Maximum Premium: $1,000,000
Free Look Period: 30 Days
Rate Lock Period: N/A
Rates
Effective Date: 01/03/2026
Initial Guarantee Period: N/A
Next Change: 04/01/2026
Premium Amount: $100,000 - See Notes (High-Band)
3 Year Guarantee Period Annual Yield:
Interest rate start of year 1 through end of year 3:
Current
4.05%
4.05%
Premium Amount: $20,000 - $1,000,000
Current
0 Year Guarantee Period Annual Yield:
Minmum: 1.00%%
Interest rate start of year 1 through end of year 0:
Minmum: 1.00%%
Accumulation Value (assuming no withdrawals)
Accumulation Value (assuming no withdrawals)
Deposit Amount: $
Premium Amount: $100,000 - See Notes (Low-Band)
Interest rate start of year 1 through end of year 3:
Current
4.05%
4.05%
Accumulation Value (assuming no withdrawals)
Deposit Amount: $
State Approvals
Not available in GU NY VI
Withdrawal Provisions
First Year Withdrawals: No
Withdrawal Years 2+: No
Wait Period Interest Only : N/A
Withdraw from the accumulation Value After : End of Term
Minimum Policy Value : N/A
Withdrawl Calculated On: N/A
Date For Calculation: N/A
Systematic Withdrawl: No
Min Withdrawl Amount: N/A
Cumulative Free Withdrawl: No
Eligibility & Restrictions
Age Limits(Owner and Annuitant): 95 years old
State Restrictions: Not available in GU NY VI
