Retirement Plus Multiplier 5

The Retirement Plus Multiplier 5 is a gem! It promises consistent income after retirement so you can live your golden years without financial worries. It even provides an increasing income to cope with inflation.

Your hard-earned money can now get even better returns over time. Set your retirement worries aside and enjoy the peace this annuity offers. A truly wise investment for a worry-free future!

Atlantic Coast Life Insurance Company
Retirement Plus Multiplier 5-brochure Retirement Plus Multiplier 5-brochure

Retirement Plus Multiplier 5

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About Product

Type
Fixed Index
Purpose
Accumulation
Term
5 Years
Surrender schedule
10%9%8%7%6%
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, a 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. 
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
4% 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
9% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
50% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
60% Participation
2-Year Aging of America PTP Participation Rate
Point to Point
Biennial
200% Participation

Surrender schedule

Year 1 2 3 4 5
Penalty 10% 9% 8% 7% 6%

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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 Withdrawals
The 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.
Annuitization
After 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 Only
  • Option 2: Life Income with Guaranteed Period Certain 
  • Option 3: Period Certain Only

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