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fixed annuities

Multi-Year Guarantee Annuity Details

Safe Harbor 6 (FL)

Product Name

Safe Harbor 6 (FL)

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

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

Product Information

The Safe Harbor 6 is a deferred multi-year guarantee annuity issued by Atlantic Coast Life Insurance Company.

The current 6 year guarantee period annual yield is 5.35% (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 6 has a full penalty free withdrawal window after 6 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.

Rate Details

Jun 1st, 2023
Not Scheduled
6 years

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

Current
6 Year Guarantee Period Annual Yield: 5.35%
Simple interest rate start of year 1 through end of year 1: 6.95%
Simple interest rate start of year 2 through end of year 6: 5.95%

Initial Surrender Charge and MVA Periods

6 years

6 years

6 years

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

Other Guarantee Periods Available

Policy Details

$5,000
$5,000
$1,000,000
$1,000,000
90
90
45 days
Yes
Accumulation Value
No

Penalty Free Withdrawal Provisions

None
None
No
No
Death

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

State Variations

Available only in:  FL (as of 01/11/2023)

Notes

This annuity provides zero liquidity other than the included Death Benefit Feature.