Safe Haven (State Variations) ages 0-59
If you're seeking a secure retirement plan, then consider the Safe Haven Bonus Guarantee annuity by Atlantic Coast Life Insurance Company. Perfectly designed for retirees or those nearing retirement, this annuity provides a customizable plan, allowing you flexibility and control. Unlike other plans, Safe Haven allows you to only pay for the features you need, resulting in a higher interest rate and a more rewarding payout.
The single premium-deferred Safe Haven annuity ensures a fixed rate of interest allowing your money to endure and grow. It safeguards your principal, and ensures your entire investment immediately starts to earn, regardless of market fluctuations. With options to withdraw without penalties, or convert into retirement income, the Safe Haven Annuity offers an array of beneficial features including guaranteed income, tax-deferred growth, renewal features, and more!
Safe Haven (State Variations) ages 0-59
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4.43% |
| 5 years | 4.65% |
| 6 years | 4.52% |
| 7 years | 4.49% |
| 10 years | 4.35% |
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 | 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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