Atlantic Coast Life Annuity Rate Decrease Effective 09/15/2016
Atlantic Coast Life Annuity Rate Decrease Effective 09/15/2016
Atlantic Coast Life Annuity Rate Decrease Effective 09/15/2016
Based on current market conditions we are lowering our MYGA credit rates. Effective September 15, 2016, the rates for our Safe Harbor 5-year annuity will decrease by 10 bps, the 6-year annuity will decrease by 5 bps and the 10-year annuity will decrease by 15 bps. There will be no change to the 7-year annuity rate.
Additionally, effective September 15, 2016 we will also decrease the rates for our Safe Haven 5 and 10-year annuity by 5 bps. There will be no change to the 6 or 7-year annuity rates.
To download an updated Annuity Rate Sheet, please see below.
Important Dates to Remember
- September 14, 2016: Date applications must be signed to receive current rates.
Applications must be signed before or on September 14, 2016 to receive the current crediting rates.
- September 15, 2016: Date when new crediting rates take effect.
Any application signed on or after September 15, 2016 will receive the new crediting rates.
- September 21, 2016: Date application must be received in Home Office to receive current rates.
Applications signed before or on September 14, 2016 must be received in the Home Office by September 21, 2016 to receive the current crediting rates. We will accept faxed or e-mailed applications on September 21, 2016.
New Business E-mail: acl.newbusiness@insadminservices.com
New Business Fax: 1-888-433-4795
- October 31, 2016: Date 45-rate lock ends.
All transfer and exchanges for any application signed on September 14, 2016 or earlier must be completed by October 31, 2016 in order to receive the current crediting rates.
