Accumulation Protector Plus
Status:
Active
Group:
Atlantic Coast
Product Type:
Indexed Annuity
Product Status:
Draft
Version:
0
Inception Date:
August 31, 2020
Closed Date:
Last Modified:
April 08, 2026 10:43
Description:
The Accumulation Protector Plus is a single premium deferred fixed indexed annuity with a market value adjustment. The minimum single premium is $5,000 for qualified and non-qualified money. Surrender charges are Ten years in duration. the waiver available Death , Nursing home and Terminal illness (Excepted CA). Starting in the second Contract Year, withdrawals up to 5% of the Account Value or the Required Minimum Distribution, whichever is greater, are available without applicable charges. There are Rate Enhancement Rider and Premium bonus available. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. Early surrender charges may also apply. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC.
Fee Based:
No
Free Look:
Yes
Plan Types:
Non-Qualified, Others
Premium Types:
Single
States Available:
AL, AZ, AR, CA, CO, FL, GA, HI, ID, IL, IND, IA, KS, KY, LA, MD, MN, MS, MT, NE, NV, NM, NC, ND, OH, OK, ORG, PA, RI, SC, SD, TX, UT, WA, WY
States Exception:
Version Note:
Scrap Book:
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Basic Death Benefit | Basic Death Benefit | 1 | 31 Aug 2020 |