Accumulation Protector Plus with RER
The Accumulation Protector Plus with RER is a great choice for future planning. It offers solid protection for your investment while giving you growth potential. It's a reliable way to secure your hard-earned retirement savings.
What's fantastic is the RER feature which provides a guaranteed retirement income. It's an easy-to-understand, fuss-free product designed for you. Peace of mind for your golden years – that's Accumulation Protector Plus with RER!
Accumulation Protector Plus with RER
About Product
Please note: the Rate Enhancement Rider (0.95% charge) is built into this product. A product with no rider is available separately.
The Participation Rates for the 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
|
3.95%
Fixed
|
| 2-Year S&P 500 Participation Rate |
Point to Point
Biennial
|
58%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
38%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.95%
Cap
|
| 1-Year Momentum Index PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
260%
Participation
|
| 2-Year Momentum Index PTP Participation Rate Guaranteed for Term |
Point to Point
Biennial
|
385%
Participation
|
| 3-Year Momentum Index PTP Participation Rate |
Point to Point
Triennial
|
550%
Participation
|
| 1-Year Diversified Macro 5 PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
260%
Participation
|
| 2-Year Diversified Macro 5 PTP Participation Rate Guaranteed for Term |
Point to Point
Biennial
|
385%
Participation
|
| 3-Year Diversified Macro 5 PTP Participation Rate |
Point to Point
Triennial
|
550%
Participation
|
| 1-Year Momentum Index Performance Triggered |
Performance Triggered
Annual
|
11%
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
| Name | Inbuilt | Fee |
|---|---|---|
| Rate Enhancement Rider | Yes | 0.95% annually |
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.
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%.
- A.M. Best B++
