Safe Haven 20 (NV Only) ages 0-59
The Atlantic Coast Life Insurance Company is nearing a century of experience in the field of retirement planning, being founded in 1925. The company has been known to serve funeral homes and families by providing end of life funding and solutions. With a focus on speed of claim payments, Atlantic Coast strives to be a ‘beacon of integrity’ when it comes to dealing with clients and agents alike. Of late, it has been committed to developing its preneed and annuity distribution systems, while always protecting stakeholder interests. Being acquired by Advantage Capital in 2015 helped this process, leading to a nationwide expansion and launching of its annuity sales division.
Safe Haven 20 (NV Only) ages 0-59
Ratings:
- A.M. Best B++
About Product
MYGA Interest Rates
Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
---|---|
20 years | 4.25% |
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.