Accumulation Protector Plus with RER
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.
Accumulation Protector Plus with RER
Ratings:
- A.M. Best B++
About Product
Please note the Rate Enhancement Rider is inbuilt into this product. A product with no rider is available separately.
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
|
5.2%
Fixed
|
2-Year S&P 500 Participation Rate |
Point to Point
Biennial
|
75%
Participation
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
55%
Participation
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
11.5%
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 Credit Suisse ESG Macro 5 PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
260%
Participation
|
2-Year Credit Suisse ESG Macro 5 PTP Participation Rate Guaranteed for Term |
Point to Point
Biennial
|
385%
Participation
|
3-Year Credit Suisse ESG 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.
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