Income Navigator with Income Rider
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Highlights
The Atlantic Coast Life Income Navigator Annuity is a 10 year, single premium, a 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.
Please note the Guaranteed Lifetime Withdrawal Benefit Rider is inbuilt into this product. A product with no rider is available separately.
Please note the Guaranteed Lifetime Withdrawal Benefit Rider is inbuilt into this product. A product with no rider is available separately.
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
|
Type
|
Fixed Index |
|---|---|
| Purpose | Lifetime Income |
|
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% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
01/07/2019 |
|
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 |
Brochure
|
Open brochure |
Find out if the Income Navigator with Income Rider is the right product for you.
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.
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
| Name | Inbuilt | Fee |
|---|---|---|
| Income Navigator GLWB | Yes | 1.50% annually |
Waivers
No Waivers for Income Navigator with Income Rider annuity.
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