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Fixed Indexed Annuity Details

Guaranteed Income Annuity 10 with Accumulation Rider

Product Name

Guaranteed Income Annuity 10 with Accumulation Rider

Annuity Type

Fixed Indexed Annuity

Issuing Insurance Company and Ratings

B++
(5th of 15 ratings)
Not Rated
Not Rated
Not Rated
Not Ranked

Product Information

The Guaranteed Income Annuity 10 with Accumulation Rider is a deferred fixed indexed annuity issued by Atlantic Coast Life Insurance Company.

This annuity offers 10.00% as an upfront bonus.

Premium can be allocated between 1 different strategy and index account options (see Index Account Options below). For current index account options cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356.

An income rider is available that provides the option of activating a guaranteed lifetime income stream at a future date. The income payments cannot be outlived and your contract does not need to be annuitized.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning in the second contract year, this annuity provides up to 10% (noncumulative) of the contract value as the penalty free withdrawal amount that may be withdrawn from the annuity each contract year.

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 $531 million in total assets.

Rate Details

Oct 8th, 2019
Not Scheduled

Premium Amount: $5,000 - $1,000,000

Current
Fixed Account First Year Yield: N/A
Upfront Bonus: 10.00%

Initial Surrender Charge and MVA Periods

10 years

10 years

10 years

State variations may exist, refer to product disclosure for details.

Policy Details

$5,000
$5,000
$1,000,000
$1,000,000
85
85
None
Yes
Accumulation Value
Yes

Penalty Free Withdrawal Provisions

None
10%
No
Yes
Annuitization, Death, Nursing Home and Terminal Illness

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  AK, CA, CT, DE, DC, ID, ME, MI, MN, NH, NJ, NY and WI (as of 08/05/2019)

Notes

Upfront Bonus:
10.00% for issue ages under 76
8.00% for issue ages 76-80
6.00% for issue ages 81-85