Mountain Life Secure Summit — 1-year fixed annuity at 4.05%
- Locks in 4.05% for 1 years
- Open with $5,000 to $1,000,000
- Free withdrawals allowed for:
- 5% of your balance each year
- Your full investment for nursing home confinement or terminal illness
Rates as of May 9, 2026
Projected balance
over 1 years
Compounded at 4.05% guaranteed. No market exposure, no fees deducted from your balance.
| Year | Earnings | Balance |
|---|---|---|
| 1 | $405 | $10,405 |
| Total earnings | $405 | $10,405 |
Free-withdrawal allowance: 5% / yr after year 1. Withdrawals beyond the allowance trigger the surrender charge below.
- Rank vs. peers
- #1 — highest 1-year rate of 3 MYGAs we cover
- Top 1-year CD
- 4.11% APY · $10,411 at maturity (taxed annually)
Same product, other terms
Other Secure Summit terms from Mountain Life
Projections shown for a $10,000 premium.
| Term | Rate | Projection | |
|---|---|---|---|
| 1-year | 4.05% | $10,405 | You're here |
| 2-year | 5.25% | $11,078 | View → |
| 3-year | 5.75% | $11,826 | View → |
| 5-year | 5.75% | $13,225 | View → |
| 6-year | 5.83% | $14,049 | View → |
| 7-year | 5.75% | $14,790 | View → |
| 8-year | 6.00% | $15,938 | View → |
| 9-year | 5.40% | $16,053 | View → |
| 10-year | 5.75% | $17,491 | View → |
If you withdraw early
Surrender charge schedule
Surrender charges apply to withdrawals beyond the free-withdrawal allowance during the contract term. The charge is a percentage of the amount withdrawn, decreasing each year. They exist because the carrier matches your premium against long-duration assets — early redemption forces them to unwind those positions.
| Contract year | Charge |
|---|---|
| Year 1 | 9.0% |
Contract terms
What else to know
Term
1 years guaranteed at 4.05% APY
Investment range
$5,000 – $1,000,000
Funding sources accepted
Traditional IRA, Non-Qualified, 1035 Exchange, IRA Rollover, IRA Transfer, IRA-Roth, 401k
Owner age
0 to 90 years old
Death benefit
Full accumulated value passes to your beneficiary, no surrender charge.
Riders & waivers
- Terminal Illness Waiver
- Nursing Home Waiver
- Death Benefit Waiver
Maturity
30-day window at the end of the term to withdraw, reinvest, or convert to guaranteed income via annuitization.
Tax treatment
Interest accumulates tax-deferred. Personal post-tax funds: only the interest is taxable on withdrawal. Withdrawals before age 59½ may be subject to a 10% IRS penalty.
Source: Mountain Life contract brochure (download PDF). Anything you act on should be confirmed against the carrier's most recent filing.
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