Income Navigator

The Atlantic Coast Life Insurance Company is nearing a century of experience in the field of retirement planning, being founded in 1925. The company has been known to serve funeral homes and families by providing end of life funding and solutions. With a focus on speed of claim payments, Atlantic Coast strives to be a ‘beacon of integrity’ when it comes to dealing with clients and agents alike. Of late, it has been committed to developing its preneed and annuity distribution systems, while always protecting stakeholder interests. Being acquired by Advantage Capital in 2015 helped this process, leading to a nationwide expansion and launching of its annuity sales division.

Atlantic Coast Life Insurance Company
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Income Navigator-brochure Income Navigator-brochure

Income Navigator

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Ratings:

  • A.M. Best B++

About Product

Type
Fixed Index
Purpose
Accumulation
Premium Bonus
7%
Term
10 Years
Surrender schedule
9%8.5%7.5%6.5%5.5%4.5%3.5%2.5%1.5%0.5%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No x
Minimum Contribution
$5,000
Maximum Contribution
$1,000,000
Max Age Qualified
80
Types Of Funds
Non-Qualified, 401k, IRA, IRA Rollover, 401a, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, 1035 Exchange, Stretch IRA, Inherited IRA, and TSP
Launch Date
01/07/2019
The Atlantic Coast Life Income Navigator Annuity is a 10 year, single premium, deferred annuity with four different indexing strategies, in addition to a fixed account. An Income Rider is also available with a rollup that may continue to compound up to 20 years. 
Available in states: AL, AZ, AR, CO, FL, GA, HI, IL, IN, IA, KS, KY, LA, MD, MA, MS, MO, MT, NE, NV, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, and WY

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 Provisions
  • Required 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.

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