MEMBERS LIFE INSURANCE COMPANY

TRUSTAGE™ ZONECHOICE ANNUITY

STATUTORY AND INITIAL SUMMARY PROSPECTUSES DATED MAY 1, 2026

TRUSTAGE™ ZONECHOICE ADVANTAGE ANNUITY

STATUTORY AND INITIAL SUMMARY PROSPECTUSES DATED MAY 1, 2026

TRUSTAGE™ ZONE INCOME ANNUITY

STATUTORY AND INITIAL SUMMARY PROSPECTUSES DATED MAY 1, 2026

TRUSTAGE™ ZONECHOICE INCOME ANNUITY

STATUTORY PROSPECTUS DATED MAY 1, 2026 AND

INITIAL SUMMARY PROSPECTUS DATED MAY 26, 2026

Supplement dated November 3, 2026

As MEMBERS Life Insurance Company (the “Company,” “we,” “us” or “our”) previously communicated in

supplements dated July 20 and 21, 2026, and August 24, 2026, the Company experienced a

cybersecurity event that has affected our ability to receive and process new Contract applications. The

purpose of this supplement is to provide an update regarding pending applications.

We have begun issuing Contracts for pending applications received before and during the outage

resulting from the cybersecurity event. This work will occur in phases, and we expect Contract issuance

for pending applications to continue over the next several weeks. Contracts will be mailed to Contract

owners when issued.

Applications Received in Good Order

We will treat the Contracts for pending applications received in Good Order (which includes our receipt of

the Purchase Payment) as if they had been issued on the date they would have been issued if the outage

had not occurred, including the applicable Risk Control Account crediting rates, initial interest rate for the

Fixed Account or Declared Rate Account, and Income Benefit terms. As disclosed in the prospectus, we

will issue a Contract on the next available Contract Issue Date (which is the 10th or 25th of each month) if

we receive the application for a Contract in Good Order by noon Central Time at least two business days

prior to the Contract Issue Date. This means, for example, that applications received in Good Order

between noon Central Time on July 8, 2026, and noon Central Time on July 23, 2026, will receive a July

25 Contract Issue Date, and applications received in Good Order between noon Central Time on July 23,

2026, and noon Central Time on August 6, 2026, will receive an August 10 Contract Issue Date.

Applications Not in Good Order

For applications received before and during the outage that require additional information and/or a

Purchase Payment to be in Good Order, we will provide written notice to your financial professional

specifying the information and/or Purchase Payment required and the date by which those items must be

received for the Contract to be issued using the Contract Issue Date that would have applied had the

application been in Good Order when we received it. This deadline corresponds to the number of days

between the date we originally received the application and the day before the next available Contract

Issue Date (i.e., the Contract Issue Date itself is not counted). If required items are not received by the

first deadline, the notice provides an additional 15-day period during which required items must be

received for the Contract to be issued using the next scheduled Contract Issue Date. In that case, the

next scheduled Contract Issue Date would determine the Risk Control Account crediting rates, initial

interest rate for the Fixed Account or Declared Rate Account, and Income Benefit terms in effect.

For example, if an application was received on July 17, 2026, and the Contract would have been issued

as of July 25, 2026, but was missing a Purchase Payment, we would send an initial notice. For an initial

notice dated November 3, 2026, the deadline for receipt of the Purchase Payment would be November 10

for the Contract to be issued as of July 25, 2026. (The seven-day period corresponds to the seven days

between July 17 and July 24.) The notice would also state that if the Purchase Payment is not received by

November 10, the Purchase Payment must be received by November 25 (fifteen days after the first

deadline) for the Contract to be issued as of August 10, 2026, the next scheduled Contract Issue Date

following July 25.

We will provide additional notices to your financial professional identifying the deadlines (in each case 15

days after the date of the previous deadline) associated with each scheduled Contract Issue Date until the

earlier of:  December 31, 2026; the date we receive all required information and Purchase Payment for

the application to be in Good Order and for the Contract to be issued; or the date you decide to cancel

your application. On or about December 31, 2026 (or such later date we may specify in a subsequent

prospectus supplement), we will discontinue sending additional notices. If the required information and

Purchase Payment are not received by the last specified deadline, we will reject the pending application

as not in Good Order.

The Contract Issue Dates are based on the date we received the original application, the scheduled

Contract Issue Dates described in the Contract prospectus, and the additional time permitted under the

deadlines described in this supplement. The methodology described in this supplement will be applied

uniformly to all applicants whose applications were pending before or during the outage.

Additional Information

If you have a pending application and you do not want us to issue the Contract, you may cancel your

application and receive a refund of your Purchase Payment by using the application cancellation form

available on our website. Similarly, after your Contract is issued, you may cancel your Contract within 10

days after you receive it (or 30 days if it is a replacement contract) by exercising your Right to Examine

(also known as the “Free Look right”) as described in the prospectus or by submitting the right to examine

form available on our website. Some states may permit a longer period for you to cancel your Contract.

For each Contract, Risk Control Account crediting rates for each Contract Issue Date are available online

at:

•ZoneChoice Annuity: https://www.trustage.com/zonechoice-annuity-rates

•ZoneChoice Advantage Annuity: https://www.trustage.com/zonechoice-advantage-annuity-rates

•Zone Income Annuity: https://www.trustage.com/zone-income-annuity-rates

•ZoneChoice Income Annuity: https://www.trustage.com/zonechoice-income-annuity-rates

For Zone Income Annuity and ZoneChoice Income Annuity, the Income Benefit terms in effect for each

Contract Issue Date are stated in the applicable prospectus and supplements thereto. Initial interest rates

for the Fixed Account or Declared Rate Account in effect for each Contract Issue Date are available from

your financial professional.

Updated information and forms are available at www.trustage.com/outage/annuity. Our annuity call center

is available at 800.798.5500 from 8:00 a.m. to 5:00 p.m. Central Time to assist with these requests. You

may request that paper forms be sent directly to you by calling our annuity call center. Paper forms may

be completed and mailed to us at 2000 Heritage Way, Waverly, Iowa 50677.

Our ability to receive and process new Contract applications has not yet been fully restored. Accordingly,

as we continue to receive new applications, Contract issuance may be delayed, and we will follow the

procedures outlined above. We will provide notice when we resume normal business operations and are

able to receive and process new Contract applications without delay.

Please keep this supplement with your prospectus and records for future reference.