Clear Spring Life and Annuity Company Review (2026)

Clear Spring Life and Annuity Company has rapidly become one of the most talked-about carriers in the MYGA marketplace — and for good reason. This Texas-domiciled carrier consistently posts some of the most competitive guaranteed rates among A-minus rated carriers, making it a frequent top-of-table result for buyers doing multi-carrier rate comparisons. If you are shopping for a MYGA in 2026, Clear Spring is a carrier you need to evaluate.

This review covers Clear Spring’s financial strength, product lineup, current rates, and how it stacks up against the competition.

Clear Spring Life and Annuity at a Glance

Clear Spring’s Financial Strength Ratings

Clear Spring Life and Annuity Company holds an A- (Excellent) rating from AM Best — placing it squarely within the A-rated tier that most financial advisors consider the minimum for conservative annuity purchases. An A- rating means the carrier has an excellent ability to meet its ongoing insurance obligations, with only limited susceptibility to adverse changes in market or economic conditions.

Clear Spring’s A- rating is notable because it achieves it while posting MYGA rates that frequently compete with — and often beat — carriers rated A and A+. This rate-to-rating combination is what draws attention in the independent agent community: buyers can access competitive yields without dropping below the A-rated threshold.

As a Texas-domiciled carrier, Clear Spring policyholders benefit from the Texas Life, Accident, Health and Hospital Service Insurance Guaranty Association, which provides up to $250,000 per covered contract in protection. Texas has one of the more robust regulatory environments for insurance companies in the country.

For example: Nancy, age 66, was comparing 5-year MYGAs and found Clear Spring’s rate was 25 basis points above the nearest A-rated competitor. On her $200,000 rollover, that spread adds $500 per year — $2,500 over the full 5-year term — while maintaining A-rated financial strength backing. That combination made Clear Spring her top choice.

What Types of Annuities Does Clear Spring Offer?

Clear Spring’s product strategy is focused and deliberate: MYGAs are the core product. The carrier has built its market position around offering compelling guaranteed rates at the A-minus rating level, distributed exclusively through independent agents and IMOs (independent marketing organizations).

• Multi-Year Guaranteed Annuities (MYGAs) — Clear Spring’s flagship. Available in multiple terms (typically 3, 5, and 7 years), with guaranteed fixed rates locked in from day one. No market exposure, no crediting strategy complexity — just a guaranteed rate for a defined term.

Clear Spring MYGA — Key Product Features

Clear Spring MYGAs include standard competitive features: up to 10% free annual withdrawal after year one, a return-of-premium death benefit, and no front-end sales charges. The straightforward product design is part of the appeal — no moving parts, no surprise fee structures at renewal.

Minimum premium is $10,000. Rate enhancements are available for larger premium amounts — check with your agent for current band thresholds and rate differentials.

How Does Clear Spring Compare to Other A-Minus MYGA Carriers?

Clear Spring competes primarily in the A- tier alongside carriers like Aspida Life, Ibexis Life, Delaware Life, and F&G Annuities. Here is a general positioning comparison:

On any given day, Clear Spring and Ibexis frequently trade positions at the top of A-rated MYGA rate comparisons. Both are worth including in your multi-carrier comparison. Use our live rate table to see current rates side by side.

Who Is Clear Spring Best For?

• MYGA buyers who want A-rated financial strength and top-tier rates — the combination Clear Spring consistently delivers. If you want to stay in the A-rated tier but don’t want to sacrifice yield, Clear Spring should be on your shortlist.
• IRA and 401(k) rollover clients seeking a straightforward, tax-deferred fixed rate instrument. Clear Spring’s simple product design and $10,000 minimum make it accessible for most rollovers.
• Multi-carrier diversifiers who want an A- carrier with competitive rates as part of a laddered annuity strategy.

Clear Spring may not be the best fit if you need FIA or income rider products — the carrier focuses exclusively on MYGAs. If you need a GLWB income rider alongside your MYGA, consider carriers like Athene or Midland National that offer both product types.

Contact Clear Spring Life and Annuity Company

Working with My Annuity Store: We’re independent — not affiliated with Clear Spring. We compare Clear Spring MYGAs alongside Ibexis, Aspida, Oceanview, and 20+ other carriers to find the best rate and financial strength combination for your situation. Request a free comparison or call 855-583-1104.