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.
Income Navigator
Ratings:
- A.M. Best B++
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
- 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.