Safe Haven 20 (State Variation)
Thinking retirement? The Safe Haven Bonus Guarantee annuity from Atlantic Coast Life Insurance might be your best bet. It offers you complete control over the duration of your annuity, letting you choose a flexible plan that suits your retirement goals. Unlike other annuities that include features you might not need, Safe Haven lets you select and pay only for the features you want. This ensures a higher interest rate and greater payout for you.
Besides flexible planning, Safe Haven offers a wide range of benefits, from guaranteed interest rates to protection of your principal amount. The financial security it brings is supplemented by its tax-deferred growth feature, thereby growing your fund three ways: earning interest on your deposit, on the interest previously credited, and from money that you would have otherwise paid in taxes. You even get a yearly interest bonus, making retirement planning less stressful and more rewarding. And at the end of the guarantee period, you're free to renew, cash out, or turn your annuity into a fixed retirement income for up to 20 years. Isn't that amazing?
Safe Haven 20 (State Variation)
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 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 | 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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