Fixed index annuity review and rates

Accumulation Protector Plus

The Accumulation Protector Plus Annuity is a 10 year fixed indexed single premium, a deferred annuity with a premium bonus. This annuity offers seven different index crediting strategies in addition to a fixed account. An optional rider is available (the Rate Enhancement Rider) to be selected.

Settlement Options
After the fifth Contract Year (after the first in FL), the Vested Value can be used to purchase one of the Settlement Options. Surrender Charges and the Market Value Adjustment would not apply. 
  • Option 1: Life Income Only
  • Option 2: Life Income with Guaranteed Period Certain 
  • Option 3: Period Certain Only 
Credit Suisse Momementum Indexed Account
The Participation Rates for the Credit Suisse Momentum Index One-Year point-to-point and Two-year point-to-point crediting strategies are guaranteed for 10 years from the annuity issue date.

Atlantic Coast Life Insurance Company launched a new feature for the Accumulation Protector Plus (APP) Annuity that will offer even more flexibility. On the contract anniversary coinciding with the end of a strategy’s crediting period, contract owners will now be able to reallocate the account value from that strategy to any of the APP’s one, two, or three-year crediting strategies. For example, if your client has premium allocated to a 1-year strategy and a 3-year strategy, at the end of the 1-year strategy’s crediting period they can allocate those funds to a new 1, 2, or 3-year strategy while their other 3-year strategy is still at play. With more options, your clients will be able to more easily try out different APP growth strategies to best suit their needs.
Available in states: AL, AZ, AR, CO, FL, GA, HI, IL, IN, IA, KS, KY, LA, MD, MA, MS, MO, MT, NE, NV, NM, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VT, VA, WA, WV, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4% Fixed
1-Year Credit Suisse ESG Macro 5 PTP Participation Rate
Point to Point
Annual
182.5% Participation
2-Year Credit Suisse ESG Macro 5 PTP Participation Rate
Point to Point
Biennial
270% Participation
3-Year Credit Suisse ESG Macro 5 PTP Participation Rate
Point to Point
Triennial
365% Participation
2-Year S&P 500 Participation Rate
Point to Point
Biennial
55% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
40% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.25% Cap
1-Year Credit Suisse PTP Participation Rate
Point to Point
Annual
182.5% Participation
2-Year Credit Suisse PTP Participation Rate
Point to Point
Biennial
270% Participation
3-Year Credit Suisse PTP Participation Rate
Point to Point
Triennial
365% Participation
1-Year Credit Suisse Performance Triggered
Performance Triggered
Annual
7.25% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 10% 9% 8% 7% 6% 5% 4% 3% 2% 1%
Atlantic Coast Life Insurance Company
Founded: 1925
A.M. Best: B++
S&P: B++
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 5%
Premium bonus
5%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$5,000
Types of funds
Non-Qualified, 401k, IRA, IRA Rollover, 401a, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, 1035 Exchange, Stretch IRA, Inherited IRA, and TSP