Safe Haven (FL Only) ages 0-59
The Safe Haven Bonus Guarantee from Atlantic Coast Life Insurance Company is a wonderful tool for anyone retired or nearing retirement. With this annuity, you have a flexible and guaranteed way of planning for retirement. Plus, the annuity gives you control over its duration, which can range from three to twenty years, along with the choice of optional features. You pay only for what you need, securing a higher interest rate, and ultimately a better payout.
The Safe Haven Bonus Guarantee annuity also offers guaranteed interest rates for the whole period chosen, tax-deferred growth, and protection of your principal amount. At the end of your guarantee period, you have the liberty to withdraw, renew, or convert your annuity into guaranteed retirement income for up to 20 years. With initial contribution limits from $5,000 to $1,000,000, this annuity is for everyone and gives peace of mind as Atlantic Coast Life Insurance Company has over 90 years of experience and a solid reputation for integrity.
Safe Haven (FL Only) ages 0-59
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4.13% |
| 5 years | 4.4% |
| 6 years | 4.42% |
| 7 years | 4.39% |
| 10 years | 4.25% |
Death Benefit Feature - 0.25% interest reduction
Accumulated Interest Withdrawal - 0.05% interest reduction
Issue Ages
0 to 90 (5, 6, 7 and 10 year guarantee period)
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 (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++
