Atlantic Coast Life's Income Navigator Review

Frequently Asked Questions About the Income Navigator Annuity:

Q: What is the minimum premium I need to pay?
A: $5,000

Q: Am I paid a bonus on my initial premium at sign-up?
A: Yes, there is a 7% premium bonus to the accumulation value which requires a 10 year vesting period. This bonus increases to 8% with the purchase of an income rider.

Q: Can I pay additional premium later on?
A: No. This is a single premium annuity.

Q: Are there any age restrictions?
A: Yes. You can purchase this annuity up to age 80. In some states the age requirements may differ.

Q: In which states is the Income Navigator annuity available?
A: The Income Navigator annuity is not available in all states. Call 800-872-6684 to find out if it's available in your state.

Q: Does this annuity have an income rider (for withdrawing income)?
A: Yes, there is an optional income rider for a 1.05% annual fee to the accumulated value of the contract.

Q: For how long are surrender charges in effect?
A: 10 Years

Q:Does the Income Navigator annuity permit any withdrawals without penalties?
A:Yes. You may make interest withdrawals in the first year and up to 10% of the accumulated value each following contract year.

Q: What benchmark indices do the Income Navigator annuity offer?
A:S&P 500

Q: What are the index account options?
A:Annual Point-to-Point, Monthly Average, Daily Averaging, and Monthly sum.

Q: What is the Method for Crediting Interest or Gains?
A: Cap rates.