Atlantic Coast Life Annuity Rate Decrease Effective 08/09/2016
Atlantic Coast Life Annuity Rate Decrease Effective 08/09/2016
Effective August 9, 2016, the rates for Safe Haven and Safe Harbor 5, 6, and 7-year annuities will decrease by 15 basis points. Additionally, 10-year annuity rates will decrease by 20 basis points. New Interest Rate Sheet is at the bottom of this post.
Important Dates to Remember
- August 8, 2016:
Date applications must be signed to receive current rates.
Applications must be signed before or on August 8, 2016 to receive the current crediting rates.
- August 9, 2016:
Date when new crediting rates take effect.
Any application signed on or after August 9, 2016 will receive the new crediting rates.
- August 15, 2016:
Date application must be received in Home Office to receive current rates.
Applications signed before or on August 8, 2016 must be received in the Home Office by August 15, 2016 to receive the current crediting rates. We will accept faxed or e-mailed applications on August 15, 2016.
New Business E-mail: acl.newbusiness@insadminservices.com
New Business Fax: 1-888-433-4795
- September 23, 2016:
Date 45-rate lock ends.
All transfer and exchanges for any application signed on August 8, 2016 or earlier must be completed by September 23, 2016 in order to receive the current crediting rates.
