Important information
Standard & Poor’s ® “S&P 500 Index” is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by Clear Spring Life and Annuity Company. Standard & Poor’s ® and S&P ® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones ® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Clear Spring Life and Annuity Company. The Clear Spring Life Fixed Indexed Annuity is not sponsored, endorsed, sold, or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index. The “S&P 500, S&P MARC 5% EXCESS RETURN INDEX, and S&P 500 SECTOR ROTATOR DAILY RC2 5% INDEX ER” are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and have been licensed for use by Clear Spring Life and Annuity Company. Standard & Poor’s ® and S&P ® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones ® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Clear Spring Life and Annuity Company. It is not possible to invest directly in an index. ClearFlex ® Fixed Indexed Annuity (“ClearFlex ® ”) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices do not make any representation or warranty, express or implied, to the owners of ClearFlex ® or any member of the public regarding the advisability of investing in securities generally or in ClearFlex ® particularly or the ability of the S&P 500, S&P MARC 5% EXCESS RETURN INDEX, and S&P 500 SECTOR ROTATOR DAILY RC2 5% INDEX ER to track general market performance. Past performance of an index is not an indication or guarantee of future results. S&P Dow Jones Indices’ only relationship to Clear Spring Life and Annuity Company with respect to the S&P 500, S&P MARC 5% EXCESS RETURN INDEX, and S&P 500 SECTOR ROTATOR DAILY RC2 5% INDEX ER is the licensing of the Indices and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The S&P 500, S&P MARC 5% EXCESS RETURN INDEX, and S&P 500 SECTOR ROTATOR DAILY RC2 5% INDEX ER are determined, composed and calculated by S&P Dow Jones Indices without regard to Clear Spring Life and Annuity Company or ClearFlex ® . S&P Dow Jones Indices have no obligation to take the needs of Clear Spring Life and Annuity Company or the owners of ClearFlex ® into consideration in determining, composing or calculating the S&P 500, S&P MARC 5% EXCESS RETURN INDEX, and S&P 500 SECTOR ROTATOR DAILY RC2 5% INDEX ER. S&P Dow Jones Indices are not responsible for and have not participated in the determination of the prices, and amount of ClearFlex ® or the timing of the issuance or sale of ClearFlex ® or in the determination or calculation of the equation by which ClearFlex ® is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices have no obligation or liability in connection with the administration, marketing or trading of ClearFlex ® . There is no assurance that investment products based on the S&P 500, S&P MARC 5% EXCESS RETURN INDEX, and S&P 500 SECTOR ROTATOR DAILY RC2 5% INDEX ER will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment or tax advisor. A tax advisor should be consulted to evaluate the impact of any tax-exempt securities on portfolios and the tax consequences of making any particular investment decision. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice. S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P 500, S&P MARC 5% EXCESS RETURN INDEX, AND S&P 500 SECTOR ROTATOR DAILY RC2 5% INDEX ER OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY CLEAR SPRING LIFE AND ANNUITY COMPANY, OWNERS OF VISTAR, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500, S&P MARC 5% EXCESS RETURN INDEX, AND S&P 500 SECTOR ROTATOR DAILY RC2 5% INDEX ER OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND CLEAR SPRING LIFE AND ANNUITY COMPANY, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.
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