CBLA Multi-year, Tax Deferred Guaranteed Return Annuities Issued by Colorado Bankers Life Insurance Company (CBLife)
CBLife 3, 5, 7 Annuities: Rates will change Saturday, October 27, 2018. To secure current rates, all new business applications must be eApps with eSignatures and submitted prior to 11:59 p.m. EDT on Friday, October 26, 2018. No paper applications, faxes, or emails will be accepted.
Rates effective October 27, 2018*:
- CBLA-3 (3-year guarantee): 2.50%
- CBLA-5 (5-year guarantee): 3.20%
- CBLA-7 (7-year guarantee): 3.30%
*Rates subject to change
A 45-calendar-day rate lock will be effective from the date of the rate change, Saturday, Oct. 27, 2018, to Monday, Dec. 10, 2018. 7 calendar days to submit money via check (when application is faxed or emailed). 7 calendar days to correct applications NIGO (not in good order).
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This piece provides a brief summary of product features. The contract associated with the product will contain the actual terms, definitions, limitations and exclusions that apply. Product features and availability vary by state and are solely the responsibility of Colorado Bankers Life Insurance Company®. Contract form series ICC17C-SPDACD and C-SPDACD, application series ICC17A-SPDACD and A-SPDACD. Some exclusions and exceptions apply. Please refer to the contract for the actual terms and conditions that apply.
Guarantees are backed by the claims-paying ability of Colorado Bankers Life Insurance Company®. Annuities are designed for long-term accumulation of money; surrender and withdrawal fees may apply on early withdrawals. Annuity withdrawals are subject to income tax and withdrawals prior to age 59½ may also be subject to an IRS penalty. Colorado Bankers Life Insurance Company and its representatives do not give legal or tax advice. Consult your tax advisor before making any annuity withdrawals. See contract for details; the summary contained in this piece is only an overview of the actual definitions. The actual contract definitions should be consulted and will control.
Products and services are underwritten and/or provided by Colorado Bankers Life Insurance Company (Durham, NC), licensed in 49 states (excluding New York), the District of Columbia, and Puerto Rico. Products and services may not be available in all states.