Safe Haven 20 (NV Only) ages 60+
The Safe Haven Bonus Guarantee annuity designed by Atlantic Coast Life Insurance Company is an excellent, flexible retirement plan for Nevadans aged 60 and above. This product is not a one-size-fits-all deal as it allows you to select only the features you want, ensuring higher interest rates and subsequent payout. It takes into account your specific needs and enables you to lock in a guaranteed fixed interest rate for your chosen period.
Additionally, this annuity protects your principal investment and promises guaranteed returns regardless of fluctuations in the stock market or interest rates. Once your initial guarantee period ends, you're free to withdraw your funds, renew your contract, or convert your annuity into a reliable stream of retirement income, guaranteed for up to two decades. Safe Haven Bonus Guarantee is an excellent product that provides security and a reliable income for your golden years.
Safe Haven 20 (NV Only) ages 60+
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++
