Atlantic Coast Life Safe Haven 5 Year Fixed Annuity
Minimum Deposit: $5,000 | 5.60% APY
The Atlantic Coast Life Saven Haven 5 is a 5 Year Fixed Annuity designed to be a high-yield retirement savings account.
A fixed annuity or “CD Type Annuity” may be suitable for conservative investors who are looking for a safe and steady way to grow their retirement savings.
Safe Haven 5 Annuity Details
Base rate 5.40% Rate guaranteed 5 years Guaranteed yield to surrender 5.60% Guaranteed minimum renewal rate 1.00% Market value adjustment Yes First Year Bonus Rate 1.00%
| PREMIUM PAYMENTS | |
| Type | Single |
| Maximum | $1,000,000 |
| Minimum | $5,000 |
| Free Look Period | 30 Days |
| AGE RESTRICTIONS | |
| Owner | 60 – 90 |
| Annuitant | 60 – 90 |
It’s never too early to start planning for retirement. Selecting a strategy that works best involves assessing your goals, time horizon, and risk tolerance.
The Safe Haven 5 is a single premium, multi-year guarantee annuity. An annuity is a long-term contract issued by an insurance company. In exchange for a premium payment, the insurance company agrees to make payments to you in the future.
This annuity provides an accumulation value that earns interest through a fixed account with a guaranteed interest rate that is set for a 3-, 5- or 7-year period. This annuity also provides several options for accessing funds.
The Atlantic Coast Life Safe Haven 5 Annuity may be appropriate for individuals who:
- Want a CD alternative due to low CD rates?
- Seek to accumulate money for retirement.
- Have a conservative risk tolerance and want to invest an inheritance or other lump sum.
- Want to secure a fixed annuity payment but not immediate income?
1. Withdrawal any amount free of charges and fees.
2. If you do nothing, the contract renews for the same term at the rates available at that time. Renewal rates for guarantee periods will be based on current economic conditions and are guaranteed to be no less than the guaranteed minimum interest rate of 1.00%.
WITHDRAWALS
- Interest-only withdrawals: NO
- Cumulative: No
- Market value adjustment (MVA): Yes
- Return of premium: No
Atlantic Coast Life Insurance Company’s Safe Haven Bonus Guarantee annuity was designed for those who are retired or nearing retirement. Planning for retirement is not always easy and sometimes the control is not yours.
Safe Haven Bonus Guarantee offers you a flexible and guaranteed way to have the security and peace of mind you need to enjoy retirement.
OPTIONAL RIDERS
Preferred 10% Free Withdrawal – 0.15% interest reduction
Death Benefit Feature – 0.25% interest reduction
Accumulated Interest Withdrawal – 0.05% interest reduction
Taxes:
In general, annuities grow tax-deferred, meaning you don’t pay taxes until you withdraw your money from the annuity.
When you withdraw from your annuity the interest earned will be taxed at your ordinary-income tax rate.
Non-Qualified Annuity
Non-qualified funds are cash, checking, savings, life insurance cash value, etc. Only the interest you have earned will be taxed as ordinary income.
Qualified Annuity
Qualified funds are 401k, IRA, SEP, 403b, TSA, etc. Both principal and interest will be taxed as ordinary income as you withdraw money.
Roth IRA Annuity
Withdrawals from Roth IRA annuities are tax-free if the IRS requirements are met.
Early-Withdrawals
If you withdraw money from your annuity before 59½ may receive a 10% IRS penalty in addition to paying ordinary income taxes.
Pros of the Atlantic Coast Life Safe Haven 5 Annuity
- Pays a guaranteed interest rate much higher than current CD Rates are paying.
- Your interest grows tax-deferred meaning you do not pay taxes on your interest until you withdraw it from your annuity.
- The death benefit may avoid probate.
- Liquidity options provide you access to the money that you need.
Visit our online annuity marketplace to view and compare more Fixed Annuity Rates. If you’d like an opportunity for more upside potential while maintaining principle protection you may want to consider a fixed index annuity.
Get a Safe Haven Annuity Quote
Fill out the form below to receive a free annuity quote within 4 business hours, or use one of our annuity calculators.
About Atlantic Coast Life Insurance Company
Atlantic Coast Life Insurance Company was founded in Charleston, South Carolina back in 1925. Initially, the company served local funeral homes and families in preparation for “end-of-life” situations. Since then, the company has grown to a nationwide scale and offers a variety of annuity and insurance products.
In 2015, Advantage Capital purchased Atlantic Coast Life from the Scarborough Family and Y. W. Scarborough returned to the position of president. Growth, expansion, and success have multiplied.
Atlantic Coast began an intense expansion that has helped them spread across the country! The new ownership has guided them into the Annuity Marketplace. Today they offer some of the best fixed annuity rates available anywhere.
Atlantic Coast Life Ratings
On January 21, 2021, Atlantic Coast Life Insurance Company was assigned positive credit ratings by AM Best. Atlantic Coast Life received an AM Best Financial Rating of B++ and a Long-Term Issuer Credit Rating of bbb, both were assigned with a Stable Outlook.
| Atlantic Coast Life Insurance Company | Ratings |
|---|---|
| Mailing Address | 1565 SAM RITTENBERG BOULEVARD CHARLESTON, SC 29407 |
| Group Affiliation | Advantage Capital Group |
| A.M. Best Rating | B++ |
| State of Domicile | South Carolina |
| NAIC Company Code | 61115 |
| Assets | $466,382,649 |
| Liabilities | $425,333,973 |
| Website | ACLICO.com |
Learn more about what these financial ratings mean
5 Year Fixed Annuity Rates
| Term | Insurer | Company Profile | Annuity | Rate | AM Best | Apply |
|---|---|---|---|---|---|---|
| 5 Years | 
| Ibexis Life | Ibexis MYGA Plus | 6.15% Simple | A- | Apply |
| 5 Years | 
| Farmers Life | Safeguard Plus | 5.65% | B++ | Apply |
| 5 Years | 
| Atlantic Coast Life | Safe Haven 5 | 5.60% | B++ | Apply |
| 5 Years | 
| Athene | MaxRate | 5.30% | A | Apply |
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