What is the minimum guaranteed surrender value for Mountain Life Secure Summit?

Secure Summit allows policyholders to select from multiple income options including life income and period certain options. It offers penalty-free access under specific conditions and includes optional riders for enhanced flexibility. The policy protects principal and interest from market fluctuations and enables beneficiaries to receive the full contract value upon the owner’s death, without surrender charges or market value adjustments.

What is the minimum premium amount for Mountain Life Secure Summit?

The minimum premium amount is $5,000.

What is the maximum issue age for Mountain Life Secure Summit?

The maximum issue age is 90 years.

What is the current interest rate for Mountain Life Secure Summit?

The current interest rate is 5.25%.

What is the surrender charge schedule for Mountain Life Secure Summit?

A surrender charge applies only to amounts in excess of the free withdrawal and decreases based on the number of years that have elapsed since the premium payment was received. The surrender charge will vary based on the year and corresponding percentage of the amount withdrawn. For example, in a 10-year contract, charges start at 9% and reduce to 0.5% in year 10. The product also includes Market Value Adjustment (MVA), which can affect the surrender value based on interest rate changes but will never result in less than the Guaranteed Minimum Cash Surrender Value

What are the best rates available for Mountain Life Secure Summit?

The best available rate is 5.75% for a 10 year term.

Mountain Life Insurance Company

Mountain Life Secure Summit

About this product

Secure Summit is a single premium, tax-deferred, fixed annuity designed to help clients reach retirement goals while protecting against market downturns and declining interest rates. It offers guaranteed interest rates for fixed periods of 2, 3, 5, 7, or 10 years, with tax-deferred growth and estate planning benefits. The product ensures flexibility at renewal and provides a guaranteed income stream along with full value death benefits.

Available Rates

Rates are based on current simulation settings with premium amount $100,000.00

2 Years	5.25%
3 Years	5.75%
3 Years	5.75%
5 Years	5.75%
7 Years	5.75%
10 Years	5.75%

Available Guarantee Periods

Rates are based on current simulation settings with premium amount $100,000.00

$5,000.00 - $1,000,000.00

5.25%

Features
Maximum Issue Age	90 years

Lifetime Income Details

Payout Options

Annuitization

Lump Sum Withdrawal

Additional Options

Actual payout options may vary by insurance carrier and specific products. Common alternatives include:

Life Income Only: Payments for the rest of your life, stopping upon death
Period Certain: Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
Life with Period Certain: Lifetime payments with a minimum guaranteed period
Joint Life: Payments continue for both you and your spouse's lifetimes
Systematic Withdrawal: Regular withdrawals of a specified amount or percentage