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fixed annuities

Fixed Indexed Annuity Details

Athene Performance Elite Plus 15

Product Name

Athene Performance Elite Plus 15

Annuity Type

Fixed Indexed Annuity

Issuing Insurance Company and Ratings

A
(3rd of 15 ratings)
A+
(5th of 20 ratings)
A1
(5th of 21 ratings)
A
(6th of 21 ratings)
78
(percentile of rated companies)

Product Information

The Athene Performance Elite Plus 15 is a deferred fixed indexed annuity issued by Athene Annuity & Life Company.

This annuity offers 20.00% as an upfront bonus. When your full premium deposit is allocated to the fixed interest account, the current first year yield (including bonus if applicable) is 23.48% (see Rate Details below).

You can also allocate your premium between various strategy and index account options. For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning with the first contract year, and each year thereafter, this annuity provides up to 10%  of the contract value may be withdrawn from the annuity each contract year without penalty.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

Athene Annuity & Life Company is rated “A” by A.M. Best, was founded in 1896, and has over $76.2 billion in total assets.

Rate Details

Oct 28th, 2022
Not Scheduled

Premium Amount: $10,000 - $1,000,000

Current
Fixed Account First Year Yield: 23.48%
Upfront Bonus: 20.00%
Fixed Account Current Interest Rate: 2.90%
Fixed Account Guaranteed Minimum Interest Rate: 0.25%
Index Accounts - Annual Cap and Participation Rates:
Any Index – Highest Participation Rate (WITH Charge/Fee): 235.00%
Any Index – Highest Participation Rate (NO Charge/Fee): 185.00%
S&P 500 – Point-to-Point Cap (WITH Charge/Fee): 12.00%
S&P 500 – Point-to-Point Cap (NO Charge/Fee): 9.50%

Initial Surrender Charge and MVA Periods

15 years

15 years

15 years

State variations may exist, refer to product disclosure for details.

Policy Details

$10,000
$10,000
$1,000,000
$1,000,000
73
73
45 days
Yes
Accumulation Value
No

Penalty Free Withdrawal Provisions

10%
10%
See Notes
Yes
Confinement, Death and Terminal Illness

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  CA, CT, ID, MN, MT, NJ, NY, OH, OR, PA, UT and WA (as of 04/22/2022)

For AK, NV, OK, SC and TX: Max Issue Age is reduced to 50.

For DE: Upfront Bonus reduced to 15.00%. Max Issue Age is reduced to 47.

For IN: Upfront Bonus reduced to 14.00%.

For FL: Max Issue Age is reduced to 64.

For MA: Confinement penalty waiver not available.

For MD and MO: No Market Value Adjustment (MVA).

For NH: Two-year index strategies not available.

Notes

This annuity imposes an annual liquidity rider charge.

Cumulative Withdrawals: If no withdrawals are taken in a given year, up to 20% of the Accumulated Value is available for withdrawal in the next year.