What is it?

CBLA-5 is a five-year tax-deferred guaranteed return annuity issued by Colorado Bankers Life Insurance Company® (CBLife). It is an interest-bearing investment with a five-year guaranteed rate, death benefits and no front-end loads or policy fees.

Why should I buy it?

  • It’s simple to understand. CBLA-5 offers a guaranteed interest rate for five years.*

  • 10% free withdrawals. Policyowners may withdraw up to 10% of the accumulated contract value each year after the first year, without a withdrawal charge.

  • It provides peace of mind. CBLA-5 includes a nursing home waiver: if a covered condition**occurs to the annuitant, the policy owner may withdraw up to 50% of accumulated contract value without a withdrawal charge.

  • RMD friendly. If a policyowner is required to take a Required Minimum Distribution (RMD) on a tax-qualified annuity, withdrawal charges are waived on any RMD regardless of the contract year and amount.

*Guarantees are backed by the claims-paying ability of Colorado Bankers Life Insurance Company. ** Refer to policy for definitions of covered conditions.

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.  Product features and availability vary by state and are solely the responsibility of Colorado Bankers Life Insurance Company®. Contract form series IIC17C-SPDACD and C-SPDACD, and application series IIC17A-SPDACD and A-SPDACD. Some exclusions and exceptions apply. Please refer to the contract for the actual terms and conditions that apply.  Rates effective as of March 19, 2018; rates are subject to change.

Not FDIC/NCUA insured * Not bank/CU guaranteed * Not a deposit * Not insurance by any federal agency


Use the form below to request more information regarding the "3.60% Guaranteed for 5 years".  One of our agents will contact you and answer any questions you have regarding the annuity.


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32650 23 Mile Rd

Chesterfield, MI 48047

100 W. Big Beaver

Suite 200

Troy, MI 48084

Phone - (586) 961-6243

Fax - (877) 247-8850

Investment Advisory Services offered through Retirement Wealth Advisors Inc. (RWA) a Registered Investment Advisor. Woodcrest Financial Group and RWA are not affiliated. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.

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Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any references to protection benefits or lifetime income generally refer to fixed insurance products. They do not refer, in any way to securities or investment advisory products or services. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Retirement Wealth Advisors Inc.

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