Atlantic Coast Life Insurance Company
4.7
based on complex data
Annuity Educator Rating
Annuity review

Retirement Plus Multiplier 10 with Income Multiplier GLWB

The Retirement Plus Multiplier 10 with Income Multiplier GLWB is an excellent choice for securing your future. It offers a reliable income stream, and the income multiplier can notably enhance your retirement cash flow.

Its flexibility in withdrawal options and the potential for a favorable return make it a secure and profitable choice. Your golden years can truly shine with this annuity!

Retirement Plus Multiplier 10 with Income Multiplier GLWB-brochure Retirement Plus Multiplier 10 with Income Multiplier GLWB-brochure

Retirement Plus Multiplier 10 with Income Multiplier GLWB

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About Product

Type
Fixed Index
Purpose
Lifetime Income
Term
10 Years
Surrender schedule
10%
9%
8%
7%
6%
5%
4%
3%
2%
1%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$5,000
Maximum Contribution
$1,000,000
Max Age Qualified
85
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
Launch Date
09/24/2018
Atlantic Coast Life Retirement Plus Multiplier Annuity is a 5, 7, or 10 years, single premium, deferred annuity with four different index crediting strategies in addition to a fixed account. Two optional riders are available, the Growth Benefit (Accumulation Buy-up Rider) and the Income Multiplier (Guaranteed Lifetime Withdrawal Benefit), one of which may be selected.
Please note the Income Multiplier Rider is inbuilt into this product.
Maximize potential for your financial growth with the Income Multiplier rider. Choosing this option will heighten your income potential. You will not outlive the benefit of withdrawals, even after the total withdrawal of the accumulation value.
  • Access a lifetime of income allowance
  • Complement up to 100% of your initial investment with an income bonus
Products with Growth Benefit and with no rider are available separately.

Atlantic Coast Life Insurance Company launched a new feature for the Retirement Plus Multiplier (RPM) 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 RPM'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 RPM growth strategies to best suit their needs. 
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
1-Year Fixed Account
Fixed
3% Fixed
1-Year Aging of America PTP Participation Rate
Point to Point
Annual
150% Participation
3-Year Aging of America PTP Participation Rate
Point to Point
Triennial
250% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
28% Participation
2-Year Aging of America PTP Participation Rate
Point to Point
Biennial
200% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
38% 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%

Hypothetical Projection

Comparison against S&P 500 using current rates
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Riders

Name Inbuilt Fee
Income Multiplier GLWB Rider Yes 0.95% annually

Waivers

Nursing Home

Up to a full surrender may be available if terminally ill or nursing home confinement occurs after the first contract year. The nursing home waiver does not include home health care.

Terminal Illness

Up to a full surrender may be available if terminally ill or nursing home confinement occurs after the first contract year.

Withdrawal Provisions

Free WithdrawalsThe Retirement Plus Multiplier Annuity offers several options to access your money without being subject to surrender charges or market value adjustments, including:During the first contract year, you can withdraw the interest that will be earned on funds allocated to the fixed account or a Required Minimum Distribution. Required Minimum Distributions are available penalty free in all years; After the first contract year, you can withdraw up to 5% of your accumulation value or Required Minimum Distribution, whichever is greater; If you are diagnosed with a terminal illness or confined to a nursing home after the first contract year, you can make a full surrender or partial withdrawal under certain conditions; After the fifth contract year, you can apply the accumulation value of the contract to purchase a settlement option to provide income; You can take up to two withdrawals in a contract year as long as your accumulation value does not go below $2,500. Withdrawals must be at least $250. AnnuitizationAfter the fifth Contract Year (In Florida, you may annuitize after the 1st policy anniversary), the entire Accumulation Value can be used to purchase one of the Settlement Options. Surrender Charges and the Market Value Adjustment would not apply. Option 1: Life Income OnlyOption 2: Life Income with Guaranteed Period Certain Option 3: Period Certain Only

Company Founded: 1925
Good Rated Company
Atlantic Coast Life Insurance Company
Company Ratings
4.2
  • A.M. Best B++
Assets: $1,025,343,989
South Carolina

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