Income Navigator
The Income Navigator annuity is a true boon for those looking towards a secure retirement. It assures stability with a guaranteed income stream, relieving any financial stress.
Its flexibility is a standout feature, allowing for customized payment plans. The Income Navigator ensures your golden years are truly golden!
Income Navigator
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.75%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
4%
Cap
|
| 1-Year S&P 500 PTP Daily Average Cap |
Point to Point
Annual
Daily average
|
4%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.7%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
No Riders for Income Navigator annuity.
Waivers
No Waivers for Income Navigator annuity.
Withdrawal Provisions
Withdrawal ProvisionsRequired Minimum Distribution (RMD) is available Penalty-free during the first contract year or the interest earned on funds allocated to the fixed account RMD or up to 10% of the Purchase Premium is available penalty Free after the first Policy Year, whichever is greater. A maximum of two withdrawals is allowed each Policy Year. Minimum withdrawal amount of $250; Minimum Accumulation Value after withdrawal is $2,500 After the fifth policy year, you can apply the vested value of the policy to purchase a settlement option to provide income.
- A.M. Best B++
