Mountain Life Alpine Horizon 4
Current Fixed Rate
6.05%
The Mountain Life Alpine Horizon 4 is a single premium, fixed annuity with a four-year rate lock. After four years, owners have a 30-day window to withdraw, transfer, or reinvest their account balance. If no action is taken, a new four-year term begins with a new surrender schedule.
After the first year, owners can withdraw 5% of the contract value each year penalty-free. Optional 10% free withdrawal riders are available and will reduce the annual interest rate by .25bps. This policy includes a Market Value Adjustment and accepts both qualified and non-qualified accounts.
There are no surrender penalties upon the death of the owner. This annuity policy is only available in a few states, but the company is expanding to others on a regular basis.
More Annuity options from: Mountain Life
Notable Features
Two optional riders are available at cost. One is for qualified and the other for non-qualified accounts. Each allow the owner to withdraw 10% of the account value each year and reduces the annual interest rate by .25 bps. Only one would be needed per policy.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
4 Years
Free Withdrawals Yr1 / Yr2+
0% / 5%
Surrender Schedule
9%, 8%, 7%, 6%, 0%
Maximum Age
90
Minimum Investment
$5,000
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
Only small minimums required to fund the account and it offers a very competitive rate of return. After one year, owners can withdraw 5% of their account balance. There are no surrender penalties at death.
Other Popular Products
Mountain Life specializes in guaranteed fixed annuities and life insurance policies. Their Level Term and Senior coverage is competitively priced. They also offer their fixed annuity Secure Summit series.
About Mountain Life
Mountain Life
AM Best Rating: B Fair (7th of 13 ratings)
https://www.mountainlife.com/
About Mountain Life Insurance Company
For over 50 years, Mountain Life has offered insurance and annuity coverage in a handful of states in the South and Midwest. Originally incorporated in Tennessee, they are now domiciled in Lexington, Kentucky.
They operate through independent insurance agents in Alabama, Arkansas, Arizona, Arkansas, Georgia, Indiana, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, Nebraska, Ohio, Oklahoma, Tennessee, and Texas.
Secure Summit and Alpine Horizon Annuities
Mountain Life specializes in fixed annuities and currently offers the Secure Summit and Alpine Horizon products. Term lengths of 2-10 years are available depending on the policy chosen. The Alpine Horizon line offers higher rates with less liquidity while the Secure Summit annuity has lower rates, more liquidity, and unique renewal options.