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Retirement Plus Multiplier 5 with Growth Accumulation Buy-up Rider

The Retirement Plus Multiplier 5 with Growth Accumulation Buy-up Rider is a solid choice for anyone planning for a worry-free retirement. Its strength lies in the steady income stream it provides, ensuring you a comfortable and secured lifestyle.

Beyond that, its Growth Accumulation feature is a fantastic opportunity to grow your retirement funds even more. Every penny counts when planning for the future, and this annuity product truly delivers, letting you maximize your golden years. It's a win-win!

Retirement Plus Multiplier 5 with Growth Accumulation Buy-up Rider

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

5 Years

Surrender schedule

10%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$5,000

Maximum Contribution

$1,000,000

Max Age Qualified

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 Growth Benefit Rider is inbuilt into this product.
This accumulation Buy-Up rider applies an increase to the Cap and Participation Rate to any applicable Index Account. The Growth Benefit Rider increases the growth potential of your annuity's index accounts. When you purchase this rider, the participation and cap rates are increased so your annuity benefits from more of the market's positive performance. If you elect the Accumulation Buy-Up Rider, there is an annual fee on each contract anniversary of 1.25% multiplied by the value in each index account and subtracted from the corresponding index account.

Products with Income Multiplier 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	200% Participation
3-Year Aging of America PTP Participation Rate	Point to Point Triennial	350% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	5.95% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	38% Participation
2-Year Aging of America PTP Participation Rate	Point to Point Biennial	275% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	53% Participation

Surrender schedule

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

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

Riders

No Riders for Retirement Plus Multiplier 5 with Growth Accumulation Buy-up Rider annuity.

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 CertainOption 3: Period Certain Only

Company Founded: 1925

Good Rated Company

Atlantic Coast Life Insurance Company

Company Ratings

4.2