Ratings:

A.M. Best B++

James Alden

Experienced Financial Advisor

25 years

experience

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Accumulation Protector Plus

The Atlantic Coast Life Insurance Company is nearing a century of experience in the field of retirement planning, being founded in 1925. The company has been known to serve funeral homes and families by providing end of life funding and solutions. With a focus on speed of claim payments, Atlantic Coast strives to be a ‘beacon of integrity’ when it comes to dealing with clients and agents alike. Of late, it has been committed to developing its preneed and annuity distribution systems, while always protecting stakeholder interests. Being acquired by Advantage Capital in 2015 helped this process, leading to a nationwide expansion and launching of its annuity sales division.

15 customer reviews

Accumulation Protector Plus

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Ratings:

A.M. Best B++

About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

10%

Term

10 Years

Surrender schedule

10%9%8%7%6%5%4%3%2%1%

Fee withdrawal:

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$5,000

Maximum Contribution

$1,000,000

Max Age Qualified

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

Launch Date

08/31/2020

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.

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	4.25% Fixed
2-Year S&P 500 Participation Rate	Point to Point Biennial	60% Participation
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	43% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	9.25% Cap
1-Year Momentum Index PTP Participation Rate Guaranteed for Term	Point to Point Annual	210% Participation
2-Year Momentum Index PTP Participation Rate Guaranteed for Term	Point to Point Biennial	320% Participation
3-Year Momentum Index PTP Participation Rate	Point to Point Triennial	465% Participation
1-Year Credit Suisse ESG Macro 5 PTP Participation Rate Guaranteed for Term	Point to Point Annual	210% Participation
2-Year Credit Suisse ESG Macro 5 PTP Participation Rate Guaranteed for Term	Point to Point Biennial	320% Participation
3-Year Credit Suisse ESG Macro 5 PTP Participation Rate	Point to Point Triennial	465% Participation
1-Year Momentum Index Performance Triggered	Performance Triggered Annual	9% 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%

Riders

No Riders for Accumulation Protector Plus annuity.

Waivers

Nursing Home

Unavailable in states: FL, and PA

If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions. The nursing home waiver does not include home health care.

Terminal Illness

Unavailable in states: FL, and PA

Premium Notes

With the SECURE Act and the 10 year Surrender Schedule on the APP Annuity, Atlantic Coast Life is only able to accept an inherited IRA for beneficiaries of an IRA Owner that passed away before 1/1/2020

Withdrawal Provisions

Withdrawal Provisions

RMDs are available Penalty-Free after the first Contract Year
Up to 5% of the Account Value is available Penalty-Free after the first Contract Year
A maximum of 2 withdrawals are allowed each Contract Year
Minimum withdrawal amount of $250; Minimum Account Value after withdrawal is $2,500

In the second contract year, the Accumulation Protector Plus Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.