Mountain Life Insurance at a Glance: Rates, Products and Reviews
Recently acquired by MEM Capital, LLC, Mountain Life Insurance Company is a small, Southern provider of life insurance policies and its fixed, multi-year guaranteed annuity product, Secure Summit, with flexible terms and optional riders for customized protection.
- Written by Lena Muhtadi Borrelli
- Edited By Jennifer Lobb
- Published: January 30, 2025
- Updated: January 30, 2025
- 5 min read time
- This page features 4 Cited Research Articles
- Mountain Life Insurance Company is available in just 11 states: Alabama, Arkansas, Arizona, Georgia, Indiana, Kentucky, Louisiana, Mississippi, Missouri, Tennessee and Texas.
- There is one multi-year guaranteed annuity available, the Secure Summit, with two-, three-, five-, seven- and 10-year terms.
- Mountain Life Insurance Company scores poorly for credit stability but boasts a low complaint index ratio from the National Association of Insurance Commissioners (NAIC).
Overview of Mountain Life Insurance
Mountain Life Insurance Company is a smaller annuity and life insurance company available in a handful of states, including Alabama, Arkansas, Arizona, Georgia, Indiana, Kentucky, Louisiana, Mississippi, Missouri, Tennessee and Texas. It is a family-focused company that prioritizes relationships and creates financial products with those sentiments in mind.
In August 2024, MEM Capital LLC acquired Mountain Life Insurance Company and Kentucky Home Life Insurance Company. Today, Mountain Life Insurance Company remains small, holding just 0.000086% of market share with $2.12 million in annual premiums.
Products Offered by Mountain Life Insurance
Multi-Year Guaranteed Annuity
Mountain Life Insurance offers Secure Summit, a single premium fixed annuity for guaranteed income with tax-deferred growth. This annuity is available to those 90 and younger with a minimum single premium payment of $5,000.
The Secure Summit annuity lets you lock in the current rate for a set term so you are not affected by market downturns. This annuity is particularly flexible, offering terms of two, three, five, seven or 10 years. At the end of the term, you are re-enrolled in a new contract of the same term and guarantee period but with a new rate.
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Features and Benefits
The Secure Summit annuity includes a Market Value Adjustment (MVA), allowing you to take a partial or full surrender within the first thirty days of the renewal period. There may be no surrender charge for a portion of your contract value, and you can add additional protection through optional riders like the RMD Free Withdrawal Rider and the 10% Free Withdrawal Rider.
The Secure Summit annuity also offers an estate-planning benefit that passes the annuity’s current contract value to a beneficiary should the annuitant die.
Current Rates and Performance
As of December 16, 2024, Mountain Life Insurance Company offers the following rates for its Secure Summit annuity.
| 2-Year | 3-Year | 5-Year | 7-Year | 10-Year |
| 4.50% | 5.00% | 5.10% | 5.00% | 4.80% |
To explore further, interested parties should contact a financial advisor for more details.
Financial Strength and Customer Satisfaction
Credit Ratings and Financial Strength
Mountain Life Insurance Company is only rated by one of the four major credit agencies that access the creditworthiness of insurance companies.
- AM Best: B (Fair)
- Fitch Ratings: Not rated
- S&P Global: Not rated
- Moody’s: Not rated
Customer Reviews and Satisfaction
Mountain Life Insurance is a small life insurance and annuity company with minimal market share and competitive representation and was therefore not included in the 2024 J.D. Power U.S. Individual Life Insurance Study nor its 2024 U.S. Individual Annuity Study.
Mountain Life Insurance is not Better Business Bureau (BBB) accredited. And while it has an A+ rating, there are no reviews available. Similarly, the company does not have a presence on TrustPilot.
Complaint Index and Resolution
The National Association of Insurance Commissioners (NAIC) tracks customer complaints to state insurance departments and assigns annuity companies a company complaint index rating based on a 1.00 baseline.
Mountain Life Insurance Company has a 0.0 complaint index ratio, but it should be noted that, based on NAIC data, the company has a 0% market share in the annuity segment.
*Ad: Clicking will take you to our partner Annuity.org.
Pros and Cons of Mountain Life Insurance Annuities
- Multi-year guaranteed annuity (MYGA): There are several term options for this MYGA annuity, allowing you to pick the one that works best for your financial plan.
- Customizable options: Mountain Life Insurance Company allows you to customize your annuity with a few optional riders.
- Transparent rates: Mountain Life Insurance Company openly shares its annuity rates on its website.
- Single annuity option: While other annuity providers offer multiple types of annuities, Mountain Life Insurance Company only provides one option.
- Few ratings available: It is hard to understand how reliable Mountain Life Insurance Company products are or if customers are happy as the provider is only rated by one rating company, and customer reviews are hard to find.
- Limited availability: Mountain Life Insurance Company only serves eleven states.
Closing Notes
Mountain Life Insurance Company is a Southern life insurance and annuity provider with limited availability nationwide. It offers one annuity product, the Secure Summit, a multi-year guaranteed annuity, which offers flexible terms with optional riders for additional protection.
While not much is publicly known about Mountain Life Insurance’s customer satisfaction, its B (Fair) rating from AM Best sparks concern over its credit strength and financial stability. Still, it shows promise, with additional financial backing after its 2024 acquisition by MEM Capital.
Phone: 1-800-888-6542
Fax: (859) 335-0307
Email: contact@mountainlife.com
Editor Norah Layne contributed to this article.
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- Over 20 years in finance, progressing from an intern at Morgan Stanley to supporting top financial advisors
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- Bachelor of Business Administration (BBA) and Bachelor of Applied Science (BASc) in Marketing, both from St. Petersburg College
4 Cited Research Articles
- Mountain Life Insurance Company. (2024). Mountain Life. Retrieved from https://www.mountainlife.com/
- Mountain Life Insurance Company. (2024, December). ML_Client_Guide_v8.5.pdf. Retrieved from https://www.mountainlife.com/ml-content/uploads/2024/12/ML_Client_Guide_v8.5.pd
- JD Power. (2024, October 12). Satisfaction with Life Insurance and Annuity Products Climbs as Customers Embrace Digital, J.D. Power Finds. Retrieved from https://www.jdpower.com/business/press-releases/2023-us-individual-life-insurance-annuity-studies
- PR Newswire. (2024, August 14). MEM Capital acquires Mountain Life Insurance Company and Kentucky Home Life Insurance Company. Retrieved from https://finance.yahoo.com/news/mem-capital-acquires-mountain-life-191500623.html