Safe Harbor (Most States)
Safe Harbor Bonus Guarantee annuity from Atlantic Coast Life Insurance offers retirees and those nearing retirement a flexible and secure way to plan. This product effectively takes out the guesswork, allowing retirees to control the duration of annuity, maximizing the payout. It also adds a layer of customization, where you pay only for the features you want.
Key benefits include guaranteed interest rates and principal protection, ensuring your money grows irrespective of market fluctuations. An added advantage is the tax-deferred growth, meaning you will only be taxed upon withdrawal, allowing for optimal capital accumulation. Further unique features like the renewal feature and probate avoidance add a layer of convenience often overlooked in other annuities.
Safe Harbor (Most States)
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4.43% |
| 5 years | 4.65% |
| 6 years | 4.52% |
| 7 years | 4.53% |
| 10 years | 4.34% |
Our annuity also offers optional features you are able to select to customize your plan whereas most other annuities are loaded with features you don't want or need, giving you a lower interest rate. With Safe Harbor Bonus Guarantee, you pay only for the features you want, making your interest rate higher and your payout greater.
Issue Ages
0 to 90 (5, 6, 7 and 10 year guarantee period)
0 to 75 (20 year guarantee period)
Market Value ADjustment (MVA)
The MVA expires at the end of each Guarantee Period and reinstates if you select a new Guarantee Period.
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Death Benefit Feature | No | 0.25% rate reduction |
| Death Benefit Feature | No | 0.25% rate reduction |
Waivers
Surrender Window
At the end of your guarantee period, you will have the option to renew your annuity for another guarantee period. We will contact you and provide a 30-day window to select a new guaranteed interest rate. During your 30-day window you can surrender your annuity for cash with no surrender charges or market value adjustment.
- A.M. Best B++
