Income Navigator with Income Rider
The Income Navigator with Income Rider is a smart choice for retirees and future planners. It offers the peace of mind of a steady, reliable income for life. Think of it as a safety net in cloudy times!
Based on the product brochure, it provides flexibility, allowing you to adapt to life's changes. With its guaranteed growth, your golden years will be truly golden. Jump onboard and let the Income Navigator guide your financial journey!
Income Navigator with Income Rider
About Product
Please note the Guaranteed Lifetime Withdrawal Benefit Rider is inbuilt into this product. A product with no rider is available separately.
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.
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++
