Guaranteed Income Annuity
Atlantic Coast Life
10%
Free W/D
34
States
A fixed annuity that protects retirement savings from market risk while providing guaranteed lifetime income. Designed for retirees who want growth potential with safety and predictable income to outlive their savings.
Free Withdrawal
10%/yr
Available In
34 states
Min Premium
$5,000
Surrender
10 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| United States SOFR Secured Overnight Financing Rate | Monthly | -- | 55% | -- |
| Fixed Account | Daily | -- | -- | 3% |
Key Features
Market Protection
Zero market loss—your money grows at a guaranteed minimum rate protected from stock market downturns
LIBOR-Based Interest Rate
Interest rate is calculated using LIBOR 3-month rates, allowing you to earn higher returns when interest rates rise while maintaining a guaranteed minimum
Guaranteed Lifetime Income
Choose a rider that guarantees you receive income for as long as you live, no matter how long you live
Premium Bonus
8-10% bonusReceive a one-time bonus of 8% (10-year) or 10% (14-year) credited to your account at issue
10% Annual Penalty-Free Withdrawal
After year one, withdraw up to 10% of your purchase premium annually without surrender charges or market value adjustments
RMD Waiver
Required Minimum Distributions can be withdrawn in year one without penalties, and from years 2+ without surrender charges
Terminal Illness & Nursing Home Waiver
Full or partial surrender available with no penalties if you're terminally ill or confined to a nursing home for 90+ days
Highlights
Protected growth with zero market loss during the guarantee period
Guaranteed income for life to ensure money lasts through retirement
Interest rate grows with rising LIBOR rates while maintaining a guaranteed minimum
Premium bonus up to 10% on initial investment plus additional first-year premiums
Three rider options to match different retirement goals: income, legacy, or growth
Surrender Schedule
Yr 1
10%
Yr 2
9%
Yr 3
8%
Yr 4
7%
Yr 5
6%
Yr 6
5%
Yr 7
4%
Yr 8
3%
Yr 9
2%
Yr 10
1%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Retirees and pre-retirees (typically age 55-75+) who want guaranteed lifetime income, downside protection from market losses, and the ability to leave a legacy while maintaining some liquidity.
Consider Alternatives If
Investors seeking maximum growth with no restrictions, those who may need full access to their money within 10-14 years, or those comfortable with market risk and not concerned about outliving their savings.
Carrier Ratings
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