Accumulation Protector Plus
The Accumulation Protector Plus is a super choice for those seeking a safe future! Enjoy the security of guaranteed returns, it's a perfect nest egg for your golden years.
You won't fear market downturns; this annuity grows regardless. Peace of mind has never been more achievable with Accumulation Protector Plus!
Accumulation Protector Plus
Ratings:
- A.M. Best B++
About Product
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.
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
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.
Premium Notes
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
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