Clear Spring Life and Annuity Company(Delaware) Background Information;
Clear Spring Life and Annuity Company(Delaware) (CSLAC) provides various annuity products.
Guggenheim Life and Annuity Company established the company in 1984, and Group 1001 Insurance Holdings acquired it in 2021.
CSLAC holds licenses to operate in 49 states and the District of Columbia.
|10555 Group 1001 Way, Zionsville, IN 46077
Clear Spring Life and Annuity Company(Delaware) Services and Products:
CSLAC offers a variety of annuity products, including:
- Fixed annuities provide guaranteed growth and income.
- Indexed annuities offer the potential for growth based on the performance of a stock market index, while also providing downside protection.
- Variable annuities offer the potential for higher returns, but they also come with the risk of loss.
To initiate a claim you can either call the company’s claims hotline at (800) 990-7626 or submit a claim online through the company’s website.
Once you file a claim, a claims representative will be assigned to your case and collaborate with you to investigate and settle the claim fairly.
Cancellations and Renewals
Benefits of Clear Spring Life and Annuity Company(DE)
Choosing CSLAC for your annuity needs offers several benefits, such as:
- Competitive rates
- A variety of product offerings
- A strong financial reputation
- A.M. Best and Demotech ratings
What does an annuity entail?
An annuity represents a contract between you and an insurance company.
In this arrangement, you provide a premium to the insurance company, and they commit to providing you with a future stream of income.
Annuities serve various purposes, including saving for retirement, generating income during retirement, and safeguarding assets from creditors.
What are the various types of annuities?
Three primary types of annuities exist:
- Fixed annuities: These assure guaranteed growth and income.
- Indexed annuities: They offer the potential for growth linked to the performance of a stock market index, along with downside protection.
- Variable annuities: These present the potential for higher returns, accompanied by the risk of loss.
Is Clear Spring Life and Annuity Company (CSLAC) a reputable annuity provider?
Indeed, CSLAC stands as a reputable annuity company, supported by its strong financial reputation and high ratings from insurance rating agencies.
However, it’s worth noting that CSLAC receives mixed customer reviews.
Some clients commend the company for its competitive rates and diverse product offerings, while others express concerns about subpar customer service and difficulties in filing claims.