Fixed index annuity review and rates

Guaranteed Income Annuity 10 Legacy Rider

Guaranteed Income Annuity is a modified single premium, deferred annuity utilizing LIBOR for the possibility of high rewards. Additional premiums may be added during the first contract year. 
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, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, and WY

Allocation Accounts

Name Type Rates
2-Year Fixed Account with 3 Month LIBOR Participation Rate
1% Fixed
65% Participation

Surrender schedule

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


Name Inbuilt Fee
Legacy Rider Yes 1.25% annually (1.60% after 5 years)
Atlantic Coast Life Insurance Company
Founded: 1925
A.M. Best: B++
S&P: B++
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Premium bonus
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, 1035 Exchange, Stretch IRA, Inherited IRA, and TSP