Safe Haven (State Variations) ages 60+
As you plan for retirement, Safe Haven Bonus Guarantee by Atlantic Coast Life Insurance Company has got your back. Designed for retirees and those nearing retirement, Safe Haven offers you a flexible and guaranteed way to enjoy your golden years with peace of mind. With your control over its duration, you can customize your plan for three, five, six, seven, ten or even twenty years.
This annuity only charges for the features you want, giving you a higher interest rate and bigger payout. You'll enjoy a fixed-rate interest, tax-deferred growth, hassle-free renewals, and the option to convert the annuity into a stable stream of retirement income. With probate avoidance, you can efficiently transfer your annuity's death benefit to a named beneficiary. As you transition into retirement, trust Safe Haven to secure your golden years.
Safe Haven (State Variations) ages 60+
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 |
|---|---|---|
| Death Benefit Feature | No | 0.25% rate reduction |
| Preferred 10% Free Withdrawal | No | 0.15% rate reduction |
| Accumulated Interest Withdrawal | No | 0.05% 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++
