Safe Anchor (FL)
Fixed Indexed Annuity
The Safe Anchor is a deferred fixed indexed annuity issued by Atlantic Coast Life Insurance Company.
When your full premium deposit is allocated to the fixed interest account, the current first year yield (including bonus if applicable) is 2.75% (see Rate Details below).
You can also allocate your premium between various strategy and index account options. For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356.
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.
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Jun 1st, 2023
|
| Current | ||
|---|---|---|
| Fixed Account First Year Yield: | 2.75% | |
| Fixed Account Current Interest Rate: | 2.75% | |
| Fixed Account Guaranteed Minimum Interest Rate: | 1.00% | |
| Index Accounts - Annual Cap and Participation Rates: | ||
| S&P 500 - Point-to-Point Cap: | 4.10% | |
5 years
5 years
5 years
State variations may exist, refer to product disclosure for details.
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$5,000
|
$5,000
|
|
$1,000,000
|
$1,000,000
|
|
90
|
90
|
|
45 days
|
Yes
|
|
Accumulation Value
|
No
|
|
No
|
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)
Base contract provides limited liquidity. The following optional riders are available (annual fee deducted from accumulation value) to increase liquidity:
Required Minimum Distribution – 0.16% fee
Preferred 10% Free Withdrawal – 0.15% fee
Accumulated Interest Withdrawal – 0.05% fee
