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Retirement Plus Multiplier 5 with Income Multiplier GLWB

The Retirement Plus Multiplier 5 is a wise choice for securing your golden years. This annuity product offers a guaranteed lifelong income, steady growth, and the much-needed peace of mind for retirees.

What sets it apart is the Income Multiplier GLWB feature, which gives a delightful boost to your benefits each year. It's like a golden handshake for your retirement!

Retirement Plus Multiplier 5 with Income Multiplier GLWB

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About Product

Type

Fixed Index

Purpose

Lifetime Income

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 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 S&P 500 PTP Participation Rate	Point to Point Biennial	38% 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%

Hypothetical Projection

Comparison against S&P 500 using current rates

See if this annuity ranks in your top 3 for Ohio

Investment Amount

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