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)
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 20 years | 3.75% |
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.
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.
- A.M. Best B++
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