The Income Navigator Annuity SM allows you to take income benefits immediately through the selection of the Income Rider³ and to determine how your account value grows through various crediting strategy options. Guaranteed Income backed by Accumulation
INCOME FEATURES
Income Rider The Income Rider guarantees that you may withdraw a specified amount, the “Guaranteed Lifetime Withdrawal Benefit”, from the Income Navigator Annuity SM each year. The Guaranteed Lifetime Withdrawal Benefit is available even if the Accumulation Value of your annuity goes to zero after income payments begin. Payout Factors The amount of income you can withdraw annually is equal to the Income Account Value multiplied by the Payout Factor corresponding to your age when income starts.
Income Account Value The Income Account Value is used to calculate the annual income benefit, once elected. It is not an amount that may be withdrawn and is not payable on death.
Annual Compound Rollup Rate The Income Account Value earns an annual compound rollup rate of 7% for the first 10 years. If the rollup is renewed after 10 years, the minimum rollup rate is guaranteed to be at least 2% at the time of renewal.
When selecting the crediting strategy that best fits your needs, you can allocate your funds between four Index Strategies, a fixed account, or any combination in order to grow your annuity’s Accumulation Value.
ACCUMULATION FEATURES
Fixed Account Interest is compounded daily, providing steady growth and the comfort of predictability. • Stability • Annual Rate Guarantee • Earned interest is deposited into your account daily
Indexing Options The Income Navigator Annuity SM offers four index strategies: Annual Point to Point, Monthly Sum, Monthly Averaging and Daily Averaging. Caps A cap is the maximum interest rate that can be credited when calculating the Index Account.
Tax Deferral Advantage Your annuity earns interest compounded daily tax-deferred, which means you do not pay taxes on the interest earned under your contract until you make a withdrawal.
3 For anyone age 55 or older. 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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