Fixed index annuity review and rates

Safe Anchor

Atlantic Coast Life’s Safe Anchor Market Guarantee annuity provides flexibility by allowing the selection of optional riders to a 5 year, single premium, a deferred annuity with three different indexing strategies, in addition to a fixed account. These riders eliminate possible Surrender Charges or Market Value Adjustments (MVA) in certain situations. The owner selects only the riders that fit his/her needs without paying for features that he/she doesn’t require.

30 Day Option 
30 days prior to the end of any guarantee period, the following options are available: 
  • Continue the contract for another guarantee period 
  • Apply the Accumulation Value to a Settlement Option
  • Take a withdrawal, with no MVA or Surrender Charges, and apply the remaining value to another guarantee period 
  • Surrender the contract without MVA or Surrender Charges Settlement Options Option 1 – Life Income Only Option 2 – Life Income with Guaranteed Period Certain Option 3 – Period Certain Only Death Benefit The amount payable if the Owner, or the Annuitant if the Owner is not a Natural Person, dies before annuity payments being are equal to the Cash Surrender Value. The following options are available to each beneficiary:
  • Lump Sum
  • Distributed within five years 
  • Installment payments using a Settlement Option (Surrender Charges and MVA are waived) 
  • Enhanced Death Benefit Option - Receive the Benefit Base payable in equal periodic payments over 5 years. - Benefit Base receives a Rollup Rate equal to 150% of the Net Interest Rate 
Surrender Charges Attained Age: 90-93: 5%, 94: 4%, 95: 3%, 96: 2%, 97: 1%, 98-100: 0% 
Available in states: AL, AZ, AR, CO, 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
5-Year Fixed Account
2.7% Fixed
1-Year S&P 500 PTP Cap
Point to Point
4.1% Cap
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Monthly average
4.2% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Monthly sum
1.75% Cap

Surrender schedule

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


Name Inbuilt Fee
Death Benefit Feature No 0.25% rate reduction
Preferred 10% Free Withdrawal No 0.15% rate reduction
Accumulated Interest Withdrawal No 0.05% rate reduction
Optional Required Minimum Distribution - 0.16% fee No 0.16% annually
Atlantic Coast Life Insurance Company
Founded: 1925
A.M. Best: B++
S&P: B++
Carrier details
Free withdrawal
Surrender schedule
5 years
Return of premium
Market value adjustment
Minimum contribution
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