Mountain Life Secure Summit Annuity
At Diversified Insurance Brokers, our mission is to help clients protect and grow retirement assets using safe, stable annuity strategies that deliver guaranteed results. The Mountain Life Secure Summit Multi-Year Guaranteed Annuity (MYGA) is designed for conservative savers who want predictable growth, complete principal protection, and tax-deferred accumulation—without market volatility. This MYGA provides fixed interest guarantees for multi-year periods, customizable liquidity options, and several built-in benefits that support retirement planning, wealth transfer, and long-term financial security.
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Guaranteed Rates & Stable, Predictable Growth
The Secure Summit MYGA allows you to lock in a fixed rate for the entire term you choose, giving you dependable growth with zero exposure to market downturns. Mountain Life offers guarantee periods of 2, 3, 5, 6, 7, 8, 9, or 10 years.
Your interest grows tax-deferred, allowing your money to compound faster than in a taxable fixed account paying the same rate. This makes Secure Summit especially appealing for clients who value secure, long-term accumulation without complicated moving parts.
At the end of the guarantee period, you may choose to:
- Renew into a new multi-year guarantee period of the same length, or
- Continue into one-year rate periods with a 30-day window each year when you may take a partial or full surrender without surrender charges or MVA.
Premium, Age Limits, and Eligibility
- Minimum Premium: $5,000
- Maximum Premium: $1,000,000 (above this requires home office approval)
- Issue Ages: 0–90 for both non-qualified and qualified funds
- Eligible for: IRA, Roth IRA, and SEP IRA rollovers and transfers
Liquidity Features & Free Withdrawals
The Secure Summit MYGA includes meaningful liquidity options while still providing long-term fixed growth:
- 5% Free Withdrawal annually, beginning in year 2
- Penalty-free first withdrawal each year, up to 5% of the account value, with no MVA or surrender charge (once per year)
- Nursing Home Waiver: surrender charges waived if the owner or annuitant meets the contract’s confinement requirements
- Terminal Illness Waiver: surrender charges waived if the owner is diagnosed with a qualifying terminal illness
These provisions help protect retirement income while still offering access during unexpected events.
Optional Liquidity Riders
Secure Summit offers optional riders that expand liquidity. Choosing a rider reduces the base fixed crediting rate by 0.25%, but increases flexibility.
- RMD Free Withdrawal Rider (qualified plans): waives surrender charges and MVA on the greater of the RMD or 10% of the prior-year accumulation value.
- 10% Free Withdrawal Rider (non-qualified plans): allows up to 10% penalty-free withdrawals annually, based on the prior contract anniversary value.
Market Value Adjustment (MVA)
The Secure Summit MYGA includes a Market Value Adjustment that applies to withdrawals taken during the guarantee period (other than those covered by free-withdrawal or waiver provisions). The MVA may increase or decrease the cash received depending on prevailing interest rates, but it can never reduce the surrender value below the contract’s minimum nonforfeiture amount.
Surrender Charge Schedule
Surrender charges apply only to amounts withdrawn above the free-withdrawal allowances and decrease over time based on the surrender-charge period chosen (2, 3, 5, 6, 7, 8, 9, or 10 years). The carrier’s schedule specifies the percentage applicable in each contract year.
Additional minimum requirements:
- Minimum withdrawal: $100
- Minimum remaining balance after withdrawal: $2,000
Annuitization Options
Beginning in the first contract year, the owner may elect to convert the accumulation value to a stream of income using multiple payout options, including:
If no option is selected, the default is Life Income with a 10-year period certain. Income guarantees are backed by Mountain Life Insurance Company.
Death Benefit
Upon the owner’s death, Secure Summit pays the full contract value to the named beneficiary. No surrender charges or market value adjustment apply to this benefit, and the proceeds typically bypass probate, helping beneficiaries receive funds more efficiently.
Why Secure Summit Appeals to Conservative Retirees
This MYGA is ideal for individuals who want:
- Fixed, predictable growth with zero market exposure
- Flexible contract lengths tailored to retirement timelines
- Tax-deferred accumulation during their working or retirement years
- Built-in waivers for long-term care or serious health events
- Optional liquidity enhancements for RMDs or larger annual withdrawals
- A straightforward, easy-to-understand product—no market risk and no ongoing management fees
Secure Summit also works well for rollovers from IRAs, 401(k)s, and other employer plans where clients want safety and simplicity after retiring.
About Mountain Life Insurance Company
Mountain Life has provided life and annuity solutions for more than 50 years, operating with a conservative investment philosophy and a strong focus on long-term policyholder obligations. The company is licensed in a number of states across the Southeast, Midwest, and Mountain West and backs its guarantees with its claims-paying ability.
Why Work With Diversified Insurance Brokers
We help you compare the Secure Summit MYGA alongside products from over 75 top-rated insurers to ensure you’re selecting the safest, most competitive option for your specific retirement goals.
Our advisors analyze:
- Current interest rates and renewal expectations
- Liquidity needs and rider suitability
- Surrender schedules and contract flexibility
- Tax considerations for qualified and non-qualified money
Whether you’re focused on growing assets or preparing for income distribution, we guide you through every step so your annuity strategy stays aligned with your long-term objectives.
Talk to an Advisor or Request Your Annuity Quote
Ready to explore this annuity in more detail—or compare it with other carriers to see if even higher rates are available? With guaranteed income, principal protection, and long-term growth potential on the line, making the right choice is essential. The experienced advisors at Diversified Insurance Brokers will guide you through the options and design a strategy tailored to your retirement goals.
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Licensed in all 50 states • Fiduciary, family-owned since 1980
FAQs: Mountain Life Secure Summit MYGA
What is the Mountain Life Secure Summit MYGA?
The Mountain Life Secure Summit is a single-premium, multi-year guaranteed annuity (MYGA) that offers fixed interest rates for a chosen term, tax-deferred growth, and complete principal protection from market loss. It is designed for conservative savers who want predictable, long-term accumulation.
What guarantee periods are available?
You can choose from multiple interest rate guarantee periods: 2, 3, 5, 6, 7, 8, 9, or 10 years. The rate is locked in for the full term you select, and at the end of that period you may renew or move to one-year guarantees with penalty-free access during the 30-day window.
What are the minimum premium and eligible ages?
The minimum single premium is $5,000, and the maximum without home office approval is $1,000,000. Issue ages range from 0 to 90 for both qualified and non-qualified funds, including IRA, Roth IRA, and SEP IRA rollovers.
How much can I withdraw without surrender charges?
Beginning in the second contract year, you may withdraw up to 5% of the prior year’s accumulation value each year without surrender charges or market value adjustment, subject to contract limits. Optional riders may increase the free withdrawal amount for certain qualified or non-qualified contracts.
Are there waivers for nursing home confinement or terminal illness?
Yes. If the owner or annuitant meets the contract’s definition of qualifying nursing home confinement, hospice, hospital stay, or terminal illness, surrender charges and market value adjustments may be waived on withdrawals, subject to specific rider terms and state availability.
How are taxes handled on the Secure Summit MYGA?
Earnings grow tax-deferred until you take withdrawals or annuitize the contract. Distributions are generally taxed as ordinary income, and withdrawals before age 59½ may be subject to an additional 10% federal tax penalty. For specific tax advice, you should consult a qualified tax professional.
Is the Secure Summit MYGA a good option for IRA rollovers?
Secure Summit can be a strong choice for IRA, Roth IRA, and SEP IRA rollovers when you want to move retirement funds into a principal-protected, fixed-rate environment. The combination of guaranteed rates, tax-deferred growth, and optional RMD-friendly riders can work well for conservative retirement income planning.
About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
