THE ACCUMULATION PROTECTOR PLUSSM ANNUITY
It Is Time to Protect What You Have Worked So Hard to Build
Whether it is for retirement, legacy, or lifestyle, you have worked hard to earn a living and build your wealth. You have pushed through the daily grind for decades and have finally arrived at a new chapter in life. And while it may be time to start thinking about retirement income and protecting your wealth from unnecessary risk, it does not mean that your wealth needs to stop working for you.
The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*
With the Accumulation Protector PlusSM Annuity, it is finally time to let your money do the hard work for you, while having the peace-of-mind that your wealth is protected for what you have in store.
What is a Fixed Indexed Annuity?
A Fixed Indexed Annuity is a tax-deferred, stable, financial option designed to grow your premium and protect it if the market drops. This product is typically accompanied with multiple crediting strategies that you can choose to participate in. These crediting strategies include at least one indexed account and may also include a Fixed Rate account, as seen with the Accumulation Protector PlusSM Annuity. When you select an indexing strategy, you are credited interest at the end of the crediting period in the event the index value grows.
A Fixed Indexed Annuity offers access to more interest growth potential as the market performs positively. In addition to growth potential, a Fixed Indexed Annuity offers protection of principal in several different ways. You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices). Additionally, the indexed accounts typically offer a minimum guaranteed interest rate of at least 0%.
Protection Plus Growth Potential in Any Market
Protect Your Principal
Protection is the cornerstone of the Accumulation Protector PlusSM Annuity. Whether the market goes up, down, or remains the same, your principal is guaranteed not to decrease** due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
Accumulate Wealth
The APP Annuity gives you exclusive access to the Momentum Index, the Diversified Macro 5 Index, the well-established Standard and Poor’s Composite Stock Price Index (“S&P 500®” Index), and a Fixed Account that provides a guaranteed rate of return. The Momentum Index, the Diversified Macro 5 Index, S&P 500® Index and the Fixed Account provide opportunities to accumulate wealth over time.
Choose from Flexible Crediting Strategies
Not everyone has the same financial goals, nor the same time horizon for achieving those goals. It is because of these different objectives that Flexibility is another key component of the Accumulation Protector PlusSM Annuity. This annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that most align with your goals. Additionally, you can adjust the allocations on the policy anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.
Preserve Your Lifestyle
Achieve greater financial confidence and achieve the goals you have set for your lifestyle, retirement income and legacy by taking advantage of the flexible options provided by the Accumulation Protector PlusSM Annuity. These strategies were created to help protect what you have worked hard for and provide opportunities to accumulate wealth, so you can rest easy in retirement knowing you are preserving the legacy you have built.
* The Accumulation Protector PlusSM Annuity offers growth potential whether the market goes up, down, or remains the same.
** If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.
*** The Participation Rates for the Momentum Index One-year point-to-point and Two-year point-to-point crediting strategies are guaranteed for 10 years from the annuity issue date, provided that Atlantic Coast Life Insurance Company continues to have access to the Momentum Index.
**** The Participation Rates for the Diversified Macro 5 Index One-year point-to-point and Two-year point-to-point crediting strategies are guaranteed for 10 years from the annuity issue date, provided that Atlantic Coast Life Insurance Company continues to have access to the Diversified Macro 5 Index.
Accumulation Protector PlusSM Annuity Rates
Effective 10/30/2024
| Premium Bonus | |||
| Base Contract | 5% | ||
| With Rate Enhancement Rider | 5% | ||
| Interest Rate Guarantees | |||
| No Rider | Rate Enhancement Rider | ||
| 1st Year Fixed Rate | 3.00% | 3.95% | |
| Current Rate Guarantee | 1 Year | 1 Year | |
| Other Guarantees | ****The Participation Rates for the Momentum Index One-year point-to-point and Two-year point-to-point crediting strategies are guaranteed for 10 years from the annuity issue date, provided that Atlantic Coast Life Insurance Company continues to have access to the Momentum Index. *****The Participation Rates for the Diversified Macro 5 Index One-year point-to-point and Two-year point-to-point crediting strategies are guaranteed for 10 years from the annuity issue date, provided that Atlantic Coast Life Insurance Company continues to have access to the Diversified Macro 5 Index. | ||
| Indexing | |||
| Index/Benchmark | S&P 500®, Momentum Index, and Diversified Macro 5 Index | ||
| No Rider | Rate Enhancement Rider | ||
| Trigger Rate | Momentum Index 1 Year with Trigger Rate | 9% | 11% |
| Participation Rates | Momentum Index 1 Year Point-to-Point with Participation Rate**** | 210% | 260% |
| Momentum Index 2 Year Point-to-Point with Participation Rate**** | 320% | 385% | |
| Momentum Index 3 Year Point-to-Point with Participation Rate | 465% | 550% | |
| Diversified Macro 5 Index 1 Year Point-to-Point with Participation Rate***** | 210% | 260% | |
| Diversified Macro 5 Index 2 Year Point-to-Point with Participation Rate***** | 320% | 385% | |
| Diversified Macro 5 Index 3 Year Point-to-Point with Participation Rate | 465% | 550% | |
| S&P 500® 1 Year Point-to-Point with Participation Rate | 26% | 38% | |
| S&P 500® 2 Year Point-to-Point with Participation Rate | 43% | 58% | |
| Caps | S&P 500® 1 Year Point-to-Point with Cap Rate | 5% | 5.95% |
| Riders | |||
| Optional Riders and Costs | Rate Enhancement Rider: 0.95% fee | ||
Interest rates are subject to change without notice. Quoted rates may vary due to state regulations and taxes. Products, features, and riders may not be available in all jurisdictions. Refer to the policy for all terms and conditions. All Guarantees are based on the claims-paying ability of Atlantic Coast Life Insurance Company.
Disclaimers
The Momentum Index and Diversified Macro 5 Index are volatility-controlled indexes that may include a fee in the computation of the index value.
Neither MerQube, Inc. nor any of its affiliates (collectively, “MerQube”) is the issuer or producer of Accumulation Protector PlusSM Annuity and MerQube has no duties, responsibilities, or obligations to investors in Accumulation Protector PlusSM Annuity. The index underlying the Accumulation Protector PlusSM Annuity is a product of MerQube and has been licensed for use by Atlantic Coast Life Insurance Company. Such index is calculated using, among other things, market data or other information (“Input Data”) from one or more sources (each a “Data Provider”). MerQube® is a registered trademark of MerQube, Inc. These trademarks have been licensed for certain purposes by Atlantic Coast Life Insurance Company in its capacity as the issuer of the Accumulation Protector PlusSM Annuity. Accumulation Protector PlusSM Annuity is not sponsored, endorsed, sold or promoted by MerQube, any Data Provider, or any other third party, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Input Data, Diversified Macro 5 Index or any associated data.
The Momentum Index, (the “Index”), and any trademarks, service marks and logos related thereto are service marks of Solactive AG (“Solactive”). Solactive has no relationship to Atlantic Coast Life Insurance Company, other than the licensing of the Momentum Index and its service marks for use in connection with the Accumulation Protector PlusSM Annuity and is not a party to any transaction contemplated hereby. The Accumulation Protector PlusSM Annuity is not sponsored, endorsed, or promoted by Solactive in any way and Solactive makes no express or implied representation, guarantee or assurance regarding the quality, accuracy and/or completeness of the Index, and the results obtained or to be obtained by any person or entity from the use of the Index. Solactive reserves the right to change the methods of calculation or publication with respect to the Index. Solactive shall not be liable for any damages suffered or incurred because of the use (or inability to use) of the Index. Solactive shall not be liable for the results obtained by using, investing in, or trading the Accumulation Protector PlusSM Annuity. Solactive has not created, published, or approved this document and accepts no responsibility or liability for its contents or use. Obligations to make payments under the Accumulation Protector PlusSM Annuity are solely the obligation of Atlantic Coast Life Insurance Company and are not the responsibility of Solactive.
The “S&P 500®” is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by Atlantic Coast Life Insurance Company. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Atlantic Coast Life Insurance Company. Accumulation Protector PlusSM Annuity is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P®, or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500®.
ATLANTIC COAST LIFE INSURANCE COMPANY IS A MEMBER OF THE A-CAP FAMILY