Clear Spring Life and Annuity Company

What Clear Spring Life and Annuity Company does

Clear Spring Life and Annuity Company is a Delaware-domiciled life insurance company that issues and services a portfolio of fixed annuity products for individual policyholders across the United States. The company is a wholly-owned subsidiary of Group 1001 Insurance Holdings, LLC, a diversified financial services holding company with operations spanning annuities, insurance, sports partnerships, and education. Clear Spring Life is headquartered in Indianapolis/Zionsville, Indiana and operates with 101-250 employees under no public ticker or external investor structure; distribution is conducted exclusively through a relationship-driven network of appointed agents, agencies, and Independent Marketing Organizations (IMOs), with no direct-to-consumer sales channel.

The product lineup is centered on tax-advantaged fixed annuity solutions spanning the retirement lifecycle: three Fixed Indexed Annuities (ClearFlex, ViStar, Highlander 7), one multi-year guaranteed annuity (Preserve), one general deferred annuity (Highlander), and a Single Premium Immediate Annuity (Provider). Products emphasize simplified allocation strategies, principal protection, tax deferral, and optional lifetime withdrawal riders, with marketing consistently positioned around straightforward, easy-to-understand features. Underlying technology is limited to digital customer and agent portals for policy management, illustrations, e-applications, and an Application Builder for marketers; no proprietary AI, analytics platform, or underwriting engine is disclosed in the source material.

The business model is premium-driven: revenue is generated through annuity premiums (fixed index, multi-year guaranteed, and single premium immediate), with custom quote-based pricing that varies by product type, coverage amount, and customer demographics, structured as multi-year contracts with surrender periods. The company is CCPA/CPRA compliant, operates under U.S. federal and Delaware state law, and serves two primary customer segments in parallel: individual policy owners (retail retirement savers) and B2B distribution partners (agents, agencies, IMOs, and marketers). No revenue figures, statutory capital, premium volume, or headcount trend data are publicly disclosed in the available input.

Name

Clear Spring Life and Annuity Company

Legal name

Clear Spring Life and Annuity Company

Website

https://clearspringlife.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

Clear Spring Life and Annuity Company, a Delaware-domiciled life insurance subsidiary of Group 1001 Insurance Holdings, issues fixed index, multi-year guaranteed, and immediate annuities for U.S. retail policyholders, distributed through appointed agents, agencies, and IMOs.

Ownership category

akta.pro rank

Product category

Annuity Insurance

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Life Insurance (6311)

akta.pro primary industry

Fixed Annuities (FSAIACAA)

akta.pro secondary industries

Qualified Annuities (Retirement Plan/IRA) (FSAIACAG), Annuity Riders & Guarantees (GLWB/GMWB/GMIB/Death Benefits) (FSAIACAL), Non-Qualified Annuities (After-Tax) (FSAIACAH)

Keywords

• Fixed index annuities
• Life insurance products
• Annuity solutions
• Retirement income planning
• Tax-deferred savings

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Others, Technology or R&D

Revenue model

1. Annuity Premiums: Clear Spring Life generates revenue through the sale of annuity products including fixed index annuities, multi-year guaranteed annuities, and single premium immediate annuities. Premium payments from policyholders fund the accumulation and distribution phases of these insurance products.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Clear Spring Life and Annuity Company sells a portfolio of annuity products designed for retirement planning and tax-deferred savings. The lineup includes fixed index annuities (ClearFlex, ViStar, Highlander 7), deferred and multi-year guaranteed annuities (Highlander, Preserve), and single premium immediate annuities (Provider). Products are sold exclusively through appointed agents, agencies, and Independent Marketing Organizations rather than direct-to-consumer.

Product overview

Clear Spring Life and Annuity Company offers a portfolio of annuity products designed to meet various financial planning needs across different life stages. The product lineup includes three Fixed Index Annuities (ClearFlex, ViStar, and Highlander 7), two deferred annuity products (Highlander and Preserve with multi-year guarantees), and one immediate annuity product (Provider). The products range from flexible premium deferred annuities for pre-retirement saving to single premium immediate annuities for retirement income generation, all built around principles of tax deferral, principal protection, and simplified allocation to make financial products easy to understand.

Differentiator

Problem solved

Functional benefit

Products and services

• ClearFlex A deferred, flexible premium fixed index annuity with simplified allocation and tax-deferred growth, designed to help individuals accumulate savings and adapt to changing financial goals from pre-retirement through retirement.
• ViStar A Fixed Indexed Annuity focused on simplifying investment options, offering opportunity to accumulate assets over time while mitigating risk of declining markets, with optional Lifetime Withdrawal Rider for guaranteed lifetime income.
• Highlander A deferred annuity that accumulates money tax-free with earned interest and income tax deferral, providing a secure and dependable account balance for sustaining future income.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Group 1001coreOthersClear Spring Life and Annuity Company is a Delaware-domiciled life insurance company and subsidiary of Group 1001 Insurance Holdings, LLC. Group 1001 is a tech-driven financial services company focused on empowerment through annuities, insurance, sports partnerships, and education. The subsidiary relationship provides Clear Spring Life with operational backing and strategic direction.

Scale indicators1 record

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Brighthouse Financial: Brighthouse is a large U.S. annuity and life insurance carrier with significant fixed indexed annuity and Shield indexed annuity franchises. Overlapping product set but larger scale and broader institutional presence.
• Nationwide Financial: Nationwide is a diversified insurer with a sizable fixed indexed and variable annuity business distributed through advisors and IMOs. Comparable target customer (pre-retirees and retirees) but with much wider product breadth.
• Corebridge Financial: Corebridge is a major U.S. life and retirement carrier offering fixed, fixed indexed, and variable annuities plus individual life insurance. Overlapping in annuity product set and advisor distribution, though much broader in scale and product range.

Direct peers

• Security Benefit Group: Security Benefit sells fixed indexed, multi-year guaranteed, and immediate annuities through financial professionals and IMOs. Comparable mid-sized specialist in the same FIA/MYGA/SPIA space.
• F&G Annuities & Life: F&G specializes in fixed indexed annuities, multi-year guaranteed annuities, and indexed universal life. Closely comparable product mix and channel-led distribution through IMOs and independent agents.
• Jackson National Life Insurance Company: Jackson National is a top-tier fixed indexed and variable annuity carrier with broad IMO and bank-channel distribution. Comparable product features including indexed annuities with lifetime withdrawal riders.
• Forethought Life Insurance Company: Forethought, part of Globe Life, specializes in fixed indexed and immediate annuities distributed through independent agents and funeral homes. Comparable product positioning and distribution model targeting retirement-income customers.
• EquiTrust Life Insurance Company: EquiTrust markets fixed indexed, multi-year guaranteed, and immediate annuities through independent agents and IMOs. Closely comparable mid-sized annuity specialist.
• American Equity Investment Life Insurance: American Equity is a leading pure-play fixed index and multi-year guaranteed annuity carrier. Comparable in scale and product focus to Clear Spring's core FIA and MYGA offerings.
• Athene Annuity & Life Insurance Company: Athene is one of the largest U.S. issuers of fixed indexed, multi-year guaranteed, and immediate annuities. Direct overlap with Clear Spring across FIA, MYGA, and SPIA product families serving the same retirement demographic.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/clear-spring-life-and-annuity-company

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Clear Spring Life and Annuity Company