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Summit – Product Overview

Summit annuity products offered through Capitol Life Insurance Company are all fixed indexed annuities which follow a nationally recognized index to determine the interest rate credited on an annual basis. They are referred to as FIAs or Fixed Indexed Annuities. They feature 5, 7 or 10-year durations, or surrender charge periods. Products that are currently available include:

  • Summit 5
  • Summit 7
  • Summit 10
  • Summit 10 with Premium Bonus Rider    (Historically 6-8% - Check Product Portfolio for current information)

Summit annuities are modified or limited single premium deferred annuities designed to accumulate growth on a tax-deferred basis. Taxes are not paid on interest earnings until withdrawn.

Summit annuities have no annual fees, mortality charges or expenses assessed to policy holders.

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