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Simple Summit — Mountain Life Insurance Company
Mountain Life Insurance Company
Best available rate
7%
5-yr guarantee · 5-yr surrender schedule · $5,000+ premium
Highest current rate across the available 3-year and 5-year guarantee terms.
View all rates and terms ↓5%
Free W/D
24
Available states
Rates as of November 13, 2026. CANNEX via AdvisorWorld; confirm rates and state availability before purchase.
Product analyzer
Run numbers for Simple Summit
guaranteed rates, terms, state availability, surrender details, and contract facts stay scoped to this Mountain Life Insurance Company product.
Free withdrawal
5%/yr
Availability
24 states (restricted footprint)
Minimum premium
$5,000
Available guarantee terms
3 and 5 years
Surrender period
5 years
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See how Simple Summit compares for your age, state, premium, and income goals alongside other Mountain Life Insurance Company MYGA options.
Guaranteed Rates by Term
CANNEX identifies each state, MVA, and liquidity-rider version below. Compound-equivalent annual rates are the primary comparison measure; the carrier's quoted simple-interest rate remains visible beneath each value.
| Contract version | Term | Surrender term | Rate effective | Published rate |
|---|---|---|---|---|
| 24-state version · MVA · 10% Free Withdrawal Rider | 3-Year | Not available | Sep 14, 2026 | 6.25%Rate convention not stated |
| 24-state version · MVA · 10% Free Withdrawal Rider | 5-Year | 5-Year schedule | Sep 14, 2026 | 6.75%Rate convention not stated |
| 24-state version · MVA · No liquidity rider | 3-Year | Not available | Sep 14, 2026 | 6.5%Rate convention not stated |
| 24-state version · MVA · No liquidity rider | 5-Year | 5-Year schedule | Sep 14, 2026 | 7%Rate convention not stated |
Key Features
Free withdrawal
5%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
2Nursing home waiver, Terminal illness waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Certain period, Single lifePublished payout options from the normalized contract facts.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
5-Year Version
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
Nursing home waiver, Terminal illness waiver
Carrier Ratings
Free Comparison Report
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See how Simple Summit compares for your age, state, premium, and income goals alongside other Mountain Life Insurance Company MYGA options.
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