Safe Harbor 5 (FL)
Safe Harbor 5 (FL)
Multi-Year Guarantee Annuity
Issuing Insurance Company and Ratings
The Safe Harbor 5 is a deferred multi-year guarantee annuity issued by Atlantic Coast Life Insurance Company.
The current 5 year guarantee period annual yield is 4.56% (see Rate Details below). This is the guaranteed annual yield, including bonuses if applicable, for the initial guarantee period term, up to the first penalty free full withdrawal window. The Safe Harbor 5 has a full penalty free withdrawal window after 5 years.
This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.
Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.
Atlantic Coast Life Insurance Company is rated “B++” by A.M. Best, was founded in 1925, and has over $1 billion in total assets.
Sep 12th, 2022
Premium Amount: $5,000 - $1,000,000
|5 Year Guarantee Period Annual Yield:||4.56%|
|Simple interest rate start of year 1 through end of year 1:||5.80%|
|Simple interest rate start of year 2 through end of year 5:||4.80%|
Initial Surrender Charge and MVA Periods
Early Surrender Charges: 5 years
Market Value Adjustment (MVA): 5 years
Penalty Free Full Withdrawal Window Available After: 5 years
State variations may exist, refer to product disclosure for details.
Min Premium Non-Qualified: $5,000
Max Premium Non-Qualified: $1,000,000
Max Issue Age Non-Qualified: 90
Rate Lock on Transfers: 45 days
Death Benefit: Accumulation Value
Min Premium Qualified: $5,000
Max Premium Qualified: $1,000,000
Max Issue Age Qualified: 90
Subject to MVA: Yes
Income Rider Available: No
Penalty Free Withdrawal Provisions
First Year Withdrawals: None
Cumulative Withdrawals: No
Penalty Waivers: Death
Years 2+ Withdrawals: None
RMD Friendly: No
See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.
Available only in: FL (as of 08/05/2019)