One of the benefits of the Income Navigator Annuity SM is the ability to choose when you start to receive payments and the period of time you will receive them. The vested value and the settlement option you select will determine what payments you receive. These settlement options become available after the fifth Contract Year. Settlement Options
When do payments begin? After the fifth policy anniversary, you may elect to apply the Vested Value of your policy as a single premium to purchase one of the options described below.
Lifetime Income Only We will pay equal monthly payments for the Annuitant’s remaining lifetime. Payments will end with the payment due just before the annuitant’s death. A death benefit is not available under this option.
Lifetime Income With Guaranteed Period Certain
We will pay equal monthly payments for the Annuitant’s remaining lifetime or the period certain. If the Annuitant dies after payments have been made for the period certain, payments end with the payment due just before the Annuitant’s death.
Period Certain Only We will pay equal monthly payments for a period certain of not less than 5 years and not more than 20 years. • Guarantees payments for the time specified between 5-20 years • Payments under this option can be greater than Life Income Only option • Death benefit is available
Annuity and optional rider are not available in all states. Contact an agent or visit www.aclico.com for listings.
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ACLIANBR-ICC 041323
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