Atlantic Coast Life Insurance Company
4.6
based on complex data
Annuity Educator Rating
Annuity review

Safe Haven 20 (FL Only)

Safe Haven 20 is a comforting option for retirees seeking peace of mind with their financial plans. It offers a flexible and guaranteed way to secure your retirement. The product allows you to control the duration of your annuity, ranging from three to twenty years, which is fantastic running the gamut from short-term to long-term investment planning. And it's brilliant how it ensures both your interest rate and principal regardless of market fluctuations.

Safe Haven 20 not only prioritises your control over durations and features, but also guarantees your returns through fixed interest rates. It offers a bonus in the first year for most guarantee periods and provides an excellent death benefit feature. Moreover, the tax-deferred growth lets your earnings soar without burdening you with immediate tax liabilities. To top it all, this product from Atlantic Coast Life Insurance Company, with almost a century of experience behind it, comes with a great renewal feature and probate avoidance. A truly safe haven for your retirement!

Safe Haven 20 (FL Only)-brochure Safe Haven 20 (FL Only)-brochure

Safe Haven 20 (FL Only)

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About Product

Premium Type
Single Premium
Fee withdrawal:
None
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$5,000
Maximum Contribution
$1,000,000
Max Age Qualified
50
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
01/04/2016

MYGA Interest Rates

Term
Rate
Annual percentage yield (APY)
earned over the investment term
20 years 3.75%
Atlantic Coast Life Insurance Company's Safe Haven Bonus Guarantee annuity was designed for those who are retired or nearing retirement. Planning for retirement is not always easy and sometimes the control is not yours. Safe Haven Bonus Guarantee offers you a flexible and guaranteed way to have the security and peace of mind you need to enjoy retirement.
Safe Haven Bonus Guarantee gives you control over the duration of the annuity, which can be five, six, seven, ten or twenty years.

Preferred 10% Free Withdrawal - 0.15% interest reduction
Death Benefit Feature - 0.25% interest reduction
Accumulated Interest Withdrawal - 0.05% interest reduction

Issue Ages
0 to 50 (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.

Cash Surrender Values
A surrender charge is taken on partial withdrawals or full surrenders during any surrender charge period. The surrender charge is the partial withdrawal amount or the contract value (for full surrenders) multiplied by the market value adjustment, multiplied by the surrender charge percentages shown below. Surrender charge calculations may be affected by the addition of riders. 
Surrender charges during renewal periods: 5% all years 
During the last 30 days before the end of any guarantee period, the contract can be surrendered with no market value adjustment or surrender charges. 

Year by Year Account Balance

Understand how your money will increase when invested in Safe Haven 20 (FL Only).
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Riders

Name Inbuilt Fee
Preferred 10% Free Withdrawal No 0.15% rate reduction
Accumulated Interest Withdrawal No 0.05% rate reduction
Death Benefit Feature (FL) Yes 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.

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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