Secure Summit
Mountain Life Insurance Company
6%
Best Rate
5%
Free W/D
22
States
A fixed annuity that guarantees your principal and interest earnings for a chosen period while allowing tax-deferred growth. It's designed for retirees and near-retirees seeking safe, predictable income without market exposure.
Free Withdrawal
5%/yr
Available In
22 states
Min Premium
$5,000
Surrender
10 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 2-Year | 5.25% |
| 3-Year | 5.75% |
| 5-Year | 5.75% |
| 6-Year | 5% |
| 7-Year | 5.75% |
| 8-Year | 6% |
| 9-Year | 5.4% |
| 10-Year | 5.75% |
Key Features
Guaranteed Interest Rates
Rates ranging from 0.5% to 9.0% depending on term and contract yearLock in fixed rates for 2, 3, 5, 7, or 10 years with automatic renewal at new rates
Tax-Deferred Growth
No current taxes until withdrawalInterest earnings grow without annual tax burden until you withdraw, allowing faster accumulation
No Market Risk
100% principal protectionPrincipal and earned interest are protected regardless of stock market or interest rate fluctuations
Free Withdrawals
5% per contract year, waived in nursing care/hospice/terminal illness/rate bailout situationsAccess up to 5% of your account value annually without surrender charges or market value adjustments
Flexible Income Options
Life income only, life with 10-year certain (default), or 5-30 year period certainChoose lifetime income, period-certain payments, or one-time lump sum when you're ready
Beneficiary Protection
Estate-planning benefit with no surrender charges at deathFull contract value passes to beneficiaries outside probate upon your death
Highlights
Guaranteed fixed interest rates locked in for 2, 3, 5, 7, or 10 years with no market risk
Tax-deferred growth means your money compounds faster than taxed alternatives
Flexible access to funds with free withdrawals (5% annually, nursing care, terminal illness, or rate bailout)
Multiple guaranteed income options at retirement, including lifetime payments
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4.5%
Yr 7
3.5%
Yr 8
2.5%
Yr 9
1.5%
Yr 10
0.5%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Retirees and near-retirees who want safe, predictable income, aren't comfortable with market risk, and can commit funds for a fixed period.
Consider Alternatives If
Investors who need frequent access to large sums, expect higher returns from market exposure, or plan to access funds before age 59½ (due to potential 10% IRS penalty).
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