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Summit Prime – Product Overview

Summit Prime 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 Prime 5
  • Summit Prime 7
  • Summit Prime 10
  • Summit Prime 10 with a 6% Premium Bonus Rider

Summit Prime 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 Taxes are not paid on interest earnings until withdrawn.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 Prime annuities have no annual fees, mortality charges or expenses assessed to policy holders.

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