Safe Haven 20 (Most States)
Atlantic Coast Life's Safe Haven annuity product offers a reassuring and flexible path to a stress-free retirement. Catering to diverse needs, Safe Haven gives you the reign to decide the duration of your annuity, ranging from three to twenty years. It ensures your hard-earned money works for you, garnering compound interest, and increasing financial stability for the golden years.
The product offers excellent features like guaranteed interest rates and principal protection, allowing your money to multiply in a safe environment, unaffected by stock market volatility. It stands out with the bonus interest in the first year, boosting your account quickly. Another significant benefit is the tax-deferred growth, wherein you pay taxes only when you withdraw, accelerating your account's increase. Not to mention, the option of turning your annuity into a regular retirement income stream is an added advantage. It's a safe haven indeed!
Safe Haven 20 (Most States)
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 20 years | 3.85% |
Death Benefit Feature - 0.25% interest reduction
Accumulated Interest Withdrawal - 0.05% interest reduction
Issue Ages
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.
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 | 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++
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