Filed Pursuant to Rule 433
Registration No. 333-249535
Horizon | Current Rate Caps Effective beginning: 03/23/21 For contracts issued on: 04/10/21 Applications with money, in good order and received in the Waverly office by noon on Thursday, April 08 will receive the rates listed below Index Secure Account Growth Account S&P 500 3.50% 11.50% MSCI EAFE 3.25% 19.00% Rate caps are subject to change. Rate caps are effective as of the above date and assume a risk control account can be started on the date shown. S&P 500 Blended Comfort Zone Risk Control Account Allocations Floor Cap Secure Growth 0.00% 3.500% 100% 0% -1.00% 4.300% 90% 10% -2.00% 5.100% 80% 20% -3.00% 5.900% 70% 30% -4.00% 6.700% 60% 40% -5.00% 7.500% 50% 50% -6.00% 8.300% 40% 60% -7.00% 9.100% 30% 70% -8.00% 9.900% 20% 80% -9.00% 10.700% 10% 90% -10.00% 11.500% 0% 100% MSCI EAFE Blended Comfort Zone Risk Control Account Allocations Floor Cap Secure Growth 0.00% 3.250% 100% 0% -1.00% 4.825% 90% 10% -2.00% 6.400% 80% 20% -3.00% 7.975% 70% 30% -4.00% 9.550% 60% 40% -5.00% 11.125% 50% 50% -6.00% 12.700% 40% 60% -7.00% 14.275% 30% 70% -8.00% 15.850% 20% 80% -9.00% 17.425% 10% 90% -10.00% 19.000% 0% 100% Sample allocations By blending your allocations to Horizion's risk control accounts, you can customize your comfort zone of risk and reward. These sample allocations are hypothetical and do not guarantee or predict actual performance. To learn more, contact your financial advisor or visit cmannuities.com today. MEMBERS Horizon Annuities are issued by MEMBERS LIFE INSURANCE COMPANY, a stock life insurance company MHA-2269075.2-1120-1222 © CUNA Mutual Group
Horizon | Current Rate Caps Important Disclosures Annuities are l ong-term insurance products designed for retirement p urposes. Many registered annuities offer four main features: (1) a selection of investment options, (2) tax-deferred earnings accumulation, (3) g uaranteed l ifetime payout o ptions, and (4) d eath benefit options. Before investing, consider the a nnuity’s investment objectives, risks, charges and expenses. The prospectus contains this and other information. Please read i t carefully. To obtain a prospectus, contact y our advisor, log on to cmannuities.com, or call 888.888.3940. This material is informational only and is not investment advice. If you need advice regarding your financial goals and investment needs, contact a financial advisor. Annuity contract values, death benefits and other values fluctuate based on the performance of the investment options and may be worth more or less than your total purchase payment when surrendered. All guarantees are backed by the claims-paying ability of MEMBERS Life I nsurance C ompany (MEMBERS L ife) and d o not extend to the performance o f the underlying accounts which can fluctuate with changes in market c onditions. Withdrawals may be subject to surrender charges, and may also be subject to a market value adjustment (MVA). The MVA can have a positive or negative impact on contract values, depending on how interest rates have changed since the contract was issued. The range of fees and charges for Horizon includes a contract fee of 1.75%, surrender charges of 0% to 9% and management fees that vary by variable subaccount investment option. Hypothetical examples do not r epresent any specific annuity contract and may not be used to project or predict investment results. You may not i nvest directly in an index. Rate caps vary by index and by risk control account and can be adjusted annually on contract anniversary, subject to a minimum rate cap of 1% and a bailout p rovision. A bailout rate is set for each risk c ontrol account. If t he rate cap for a given year is declared below that rate, you may withdraw value from that risk control account without surrender charge or MVA. You’ll have 30 days following contract anniversary to make this withdrawal. Withdrawals of taxable amounts are subject to ordinary income tax, and if t aken before age 59½ may be subject to a 10% federal tax penalty. If y ou are considering purchasing an annuity as an IRA or other tax-qualified plan, you should consider benefits other than tax deferral since those plans already provide tax-deferred status. MEMBERS Life does not p rovide tax or legal advice. Contact a licensed professional. There is no guarantee that the S&P 500 Index or MSCI EAFE Index will b e available during the entire time you own your contract. We reserve the right to add, delete or substitute an index. If we substitute an index, the performance of the new index may differ from the original index. This, in turn, may affect the performance of your risk control accounts. We will not substitute an index until approved by the insurance department in your state. We reserve the right to add or substitute a risk control account. We will notify you of any change in a risk control account or index in advance. Notification will be in your annual report unless timing of any such change would cause us to send notification prior to your risk control account anniversary. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by CMFG Life Insurance Company (CMFG Life), the parent company of MEMBERS Life. Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by CMFG Life Insurance Company. This annuity is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in this product nor do they have any liability for any errors, omissions or interruptions of the S&P 500 Index. The S&P 500 Index does not include dividends paid by the underlying companies. This annuity is not sponsored, endorsed, issued, sold or promoted by MSCI, and MSCI bears no liability with respect to this product or any index on which it is based. The prospectus contains a more detailed description of the limited relationship MSCI has with CMFG Life Insurance Company and any related products. CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Annuities are issued by CMFG Life and MEMBERS Life and distributed by their affiliate, CUNA Brokerage Services, Inc., member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, IA, 50677. CMFG Life and MEMBERS Life are stock insurance companies. MEMBERS® is a registered trademark of CMFG Life. Investment and insurance products are not federally insured, may involve investment risk, may lose value and are not obligations of or guaranteed by any depository or lending institution. All contracts and forms may vary by state, and may not be available in all states or through all broker/dealers. Base policy forms 2015-VA-C and 2015-VA-C(ID). Not a deposit • Not guaranteed by any bank or credit union • May lose value Not FDIC/NCUA insured • Not insured by any federal government agency MHA-2269075.2-1120-1222 © CUNA Mutual Group
