#United States #Lexington #Financial Strength #Mountain Life #Secure Summit

Mountain Life Insurance Company Updates Crediting Rate

Introduction
Mountain Life Insurance Company has exciting news for its clients. On February 17, 2025, they announced an increase in the crediting rate for their 3-year Secure Summit Multi-Year Guaranteed Annuity, raising it to 6.00%. This enhancement comes right after the recent upgrade in the company's financial strength, providing customers with a compelling reason to consider their annuity products.

Details of the Rate Increase
From February 17, clients will enjoy a 6.00% crediting rate on the Secure Summit annuity. This significant increase positions Mountain Life’s offering as one of the most attractive options available in the current market, especially compared to the previously established rate on other terms.

Alongside the 3-year term increase, rates for alternative terms have remained constant: 5.25% for the 2-year product and 5.55% for the 5, 7, and 10-year products. This consistency illustrates the company's commitment to providing various options to meet diverse client needs while enhancing specific products based on financial performance.

Financial Strength Rating
The newly increased crediting rate comes on the heels of an upgrade to a B+ Financial Strength Rating from AM Best, signaling improvement in Mountain Life's financial stability. This upgraded rating is a testament to the company’s robust financial health, which, in the words of Mountain Life President Jeff Breeze,

"Thanks to the higher crediting rate and our improved financial strength, Mountain Life's Secure Summit annuity has become a leading option for both consumers and their agents."

Breeze’s statement underlines the growing demands for financial products that not only promise returns but also offer security and stability, traits that many investors seek during these uncertain times.

What This Means for Consumers and Agents
For consumers, the increase means potential for higher returns on retirement savings through the Secure Summit annuity. It allows both clients and agents to leverage a product that now offers a competitive edge. This could boost interest among consumers who are careful about where they place their retirement funds.

Agents can also confidently recommend the Secure Summit annuity, knowing that they are providing their clients with a higher crediting rate, bolstered by the company's strong financial backing. This may translate into an increase in customer trust and satisfaction, translating to growth for the agents as well.

Contact Information
For more detailed information regarding the annuity products and this rate change, interested parties can contact Michael Noyes, Sales Vice-President at Mountain Life.

Conclusion
As the financial landscape continues to evolve, Mountain Life Insurance Company's proactive approach in emphasizing crediting rates and financial strength positions them favorably against competitors. Their recent enhancements in annuity offerings could significantly impact consumer choices in the marketplace, making it an exciting time for both potential investors and financial professionals alike.