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fixed annuities

Fixed Indexed Annuity Details

Athene Performance Elite Plus 7 (AK, CA, CT, DE, HI, IL, IN, MD, MN, MO, NV, NJ, OH, OK, OR, PA, SC, TX, UT, WA)

Product Name

Athene Performance Elite Plus 7 (AK, CA, CT, DE, HI, IL, IN, MD, MN, MO, NV, NJ, OH, OK, OR, PA, SC, TX, UT, WA)

Annuity Type

Fixed Indexed Annuity

Issuing Insurance Company and Ratings

A
(3rd of 15 ratings)
A+
(5th of 20 ratings)
Not Rated
A
(6th of 21 ratings)
81
(percentile of rated companies)

Product Information

The Athene Performance Elite Plus 7 is a deferred fixed indexed annuity issued by Athene Annuity & Life Company.

This annuity offers 5.00% 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 7.21% (see Rate Details below).

You can also allocate your premium between 18 different strategy and index account options (see Index Account Options below). 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with the first contract year, and each year thereafter, this annuity provides up to 10%  of the contract value may be withdrawn from the annuity each contract year without penalty.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 $59.6 billion in total assets.

Rate Details

Apr 22nd, 2022
Not Scheduled

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

Current
Fixed Account First Year Yield: 7.21%
Upfront Bonus: 5.00%
Fixed Account Current Interest Rate: 2.10%
Fixed Account Guaranteed Minimum Interest Rate: 0.25%
Index Accounts - Annual Cap and Participation Rates:
Any Index – Highest Participation Rate (WITH Charge/Fee): 175.00%
Any Index – Highest Participation Rate (NO Charge/Fee): 102.00%
S&P 500 – Point-to-Point Cap (WITH Charge/Fee): 9.25%
S&P 500 – Point-to-Point Cap (NO Charge/Fee): 5.75%

Initial Surrender Charge and MVA Periods

7 years

7 years

7 years

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

Policy Details

$10,000
$10,000
$1,000,000
$1,000,000
83
83
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

Available only in:  AK, CA, CT, DE, HI, IL, IN, MD, MN, MO, NV, NJ, OH, OK, OR, PA, SC, TX, UT and WA (as of 04/22/2022)

For CA: Confinement and Terminal Illness penalty waivers 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.