Contact Us

GUARANTEED INCOME ANNUITY

Download Our Brochure
Grow your retirement wealth and protect against future risk with the Guaranteed Income Annuity. This innovative annuity was created to be flexible and cater to differing retirement goals. Optional riders supply a steady stream of income throughout a lifetime, the endowment of invested assets and a secure inheritance to beneficiaries, or the option to combine both benefits for those uncertain of their intentions at retirement. This income driven annuity provides three riders that differ in function to execute the intended retirement strategy to meet the investor’s unique needs.
  • Secure Retirement with Minimal Risk
  • Guaranteed income for life
  • Additional premium contribution in the first year
  • Premium bonus up to 10%
  • 10 Year Contract
  • Generous issue ages

SOFR:

The Guaranteed Income Annuity’s interest rate is calculated by utilizing a participation rate of the Secured Overnight Financing Rate, or SOFR rate.  The SOFR rate is a benchmark rate used throughout the world. The SOFR rate is published daily by the Federal Reserve Bank of New York and is based on overnight transactions in the U.S. Treasury repurchase agreement (repo) market.   

Thanks to SOFR, Atlantic Coast Life Insurance Company is able to offer our clients the potential to earn a rewarding return in a rising rate environment.

 

SOFR is a fully transaction-based rate reflecting roughly $1 trillion of daily transactions in a market with a diverse set of borrowers and lenders, including asset managers, banks, broker-dealers, corporate treasurers, insurance companies, money market funds, pension funds, and securities lending agents.

Find out more about SOFR.

The Secured Overnight Financing Rate (SOFR) data is calculated by using data obtained under license through application programming interface (API) issued by CME Group.
CME GROUP MARKET DATA IS USED UNDER LICENSE AS A SOURCE OF INFORMATION FOR CERTAIN ATLANTIC COAST LIFE INSURANCE COMPANY PRODUCTS. CME GROUP HAS NO OTHER CONNECTION TO ATLANTIC COAST LIFE INSURANCE PRODUCTS AND SERVICES AND DOES NOT SPONSOR, ENDORSE, RECOMMEND OR PROMOTE ANY ATLANTIC COAST LIFE INSURANCE COMPANY PRODUCTS OR SERVICES. CME GROUP HAS NO OBLIGATION OR LIABILITY IN CONNECTION WITH ATLANTIC COAST LIFE INSURANCE PRODUCTS AND SERVICES. CME GROUP DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ANY MARKET DATA LICENSED TO ATLANTIC COAST LIFE INSURANCE AND SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN CME GROUP AND ATLANTIC COAST LIFE INSURANCE COMPANY.
Interest rates for the Guaranteed Income Annuity are based off the London Interbank Offered Rate (LIBOR). The LIBOR is a reliable benchmark rate used throughout the world. LIBOR is widely used in the United States and with many of the world’s leading banks as a reference to what should be charged for lending money to one another. This annuity is benchmarked against the LIBOR, as general interest rates increase, so does the LIBOR and vice versa. Thanks to LIBOR, Atlantic Coast Life can offer clients potential to earn a rewarding return in a rising rate environment. Find out more about LIBOR

Guaranteed Income Annuity Rates

Effective 6/1/2023

  10 Year Contract
Premium Bonus
GLWB Rider: 8%***
Legacy Rider: 10% for issue ages under 71
5% for issue ages 71-80
3% for issue ages 81-85
Accum Rider: 10% for issue ages under 71
8% for issue ages 71-80
6% for issue ages 81-85
1st Year Rate 2.75% (with subsequent purchase premium)
Current Rate Guarantee 1 Yrs
Index/Benchmark SOFR
Participation Rate 55%
Optional Riders and Cost
GLWB Rider: 1.25% fee years 1-5
1.60% fee years 6-10
Legacy Benefit Rider: 1.25% fee years 1-5
1.60% fee years 6-10
Accumulation Rider: No fee

The Secured Overnight Financing Rate (SOFR) data is calculated by using data obtained under license through application programming interface (API) issued by CME Group.

CME GROUP MARKET DATA IS USED UNDER LICENSE AS A SOURCE OF INFORMATION FOR CERTAIN ATLANTIC COAST LIFE INSURANCE COMPANY PRODUCTS. CME GROUP HAS NO OTHER CONNECTION TO ATLANTIC COAST LIFE INSURANCE PRODUCTS AND SERVICES AND DOES NOT SPONSOR, ENDORSE, RECOMMEND OR PROMOTE ANY ATLANTIC COAST LIFE INSURANCE COMPANY PRODUCTS OR SERVICES. CME GROUP HAS NO OBLIGATION OR LIABILITY IN CONNECTION WITH ATLANTIC COAST LIFE INSURANCE PRODUCTS AND SERVICES. CME GROUP DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ANY MARKET DATA LICENSED TO ATLANTIC COAST LIFE INSURANCE AND SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN CME GROUP AND ATLANTIC COAST LIFE INSURANCE COMPANY.

Guaranteed Income Annuity Rates

Effective 06/08/2020
10 Year Contract
Premium BonusGLWB Rider:8.00%
Legacy Rider: 10.00% for issue ages under 71
5.00% for issue ages 71-80
3.00% for issue ages 81-85
Accum Rider:10.00% for issue ages under 71
8.00% for issue ages 71-80
6.00% for issue ages 81-85
1st Year Rate1.00% (with subsequent purchase premium)
Current Rate Guarantee2 Yrs
Index/BenchmarkLIBOR
Participation Rate65%
Optional Riders and CostGLWB:1.25% fee years 1-5,
1.60% fee years 6-10
(10 year contract)
Legacy Benefit Rider:1.25% years 1-5
1.60% fee years 6-10
(10 year contract)
Accumulation Rider:No fee
*Death Benefit Feature is required in Florida and is priced into Florida rates. All Florida contracts are issued with the Death Benefit Feature. Owner’s issue age 86-90 for the five, six, seven, and ten year guarantee period and owner’s issue age 70-75 for the twenty year guarantee period are required to purchase Death Benefit Feature. Special introductory cap in the state of Florida. Interest rates are subject to change without notice. Quoted rates may vary due to state regulations and taxes. Not all annuities and optional riders are available in all states.

ATLANTIC COAST LIFE INSURANCE COMPANY IS A MEMBER OF THE A-CAP FAMILY

Facebook-f Linkedin-in
ACL-Logo-White.png
Atlantic Coast Life Insurance Company is a premier provider of life insurance and annuity products for families throughout the nation.
Facebook-f Linkedin-in

Contact Us

Preneed

Quick Links

ACL-Logo-White.png
Atlantic Coast Life Insurance Company is a premier provider of life insurance and annuity products for families throughout the nation.
Facebook-f Linkedin-in

Contact Us

Preneed

Quick Links

Copyright © 2023 Atlantic Coast Life Inc. All rights Reserved.
Scroll Up