Secure Summit
Mountain Life Insurance Company
5.75%
10-yr guarantee
5%
Free W/D
24
States
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
10-year guaranteed rate
5.75% guaranteed for 10 years
A multi-year guaranteed annuity from Mountain Life Insurance Company with a 2- to 10-year term menu, surrender-charge waivers for nursing-home and terminal-illness events, filed in a limited set of jurisdictions and backed by a single-agency carrier rating below the A-level threshold.
Best fit
Buyers in one of the 24 filing states who want a flat declared-rate MYGA at the long end of the term menu, value the surrender-charge waivers for life events, and don't need a built-in income rider or a higher carrier-strength rating.
AM Best
B+ Good
Surrender period
10 years
Free withdrawal
5%/yr
Availability
24 states
Product analyst notes
How to think about this contract
Why it can stand out
- Term menu spans 2- through 10-year guarantee periods on a single chassis, so a buyer can match the rate lock to almost any holding-period horizon without switching products.
- Contract carries explicit nursing-home and terminal-illness surrender-charge waivers on the live feed, so the penalty-free liquidity path is broader than a base MYGA without waivers.
- Surrender ladder and the full term-by-term rate sheet are visible on this page, so the cost of an early exit and the price of each guarantee duration are not gated behind a sales brochure.
- No income rider and no proprietary index sit between the buyer and the headline — what you see on the rate sheet is the rate the contract pays for the guarantee period.
What to confirm
- Carrier financial-strength rating is single-agency — only A.M. Best B+ "Good", which falls below the A- threshold commonly used by independent advisors as the floor for fixed-annuity placement. Buyers who weight rating quality heavily should compare with an A- or better carrier before committing.
- This filing is restricted to 24 jurisdictions on the live state list; the contract is not available in roughly half the country, including New York, California, and most of the Northeast. Confirm availability in your state before quoting.
- The surrender ladder runs the full 10-year contract term. On the shorter-duration term elections (2-, 3-, 4-year), the surrender period extends well past the guarantee period — buyers electing a short rate lock should treat the surrender schedule, not the guarantee period, as the real holding commitment.
- There is no premium bonus and no GLWB income rider on this contract — the death benefit is the standard contract value, and the contract enhancements are limited to the listed surrender-charge waivers. Buyers expecting a legacy step-up or built-in lifetime income should evaluate that separately.
Not ideal for
Buyers outside the filing footprint, buyers who require an A- or better carrier-strength rating, buyers who want a guarantee period that matches the surrender schedule on a short term election, or buyers who expect a GLWB withdrawal rider or a premium bonus — none of those are what this contract is built to deliver.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 1-Year | 4.05% |
| 2-Year | 5.25% |
| 3-Year | 5.75% |
| 5-Year | 5.75% |
| 6-Year | 5% |
| 7-Year | 5.75% |
| 8-Year | 5.75% |
| 9-Year | 5.15% |
| 10-Year | 5.75% |
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
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
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, Surrender waivers
Carrier Ratings
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