About Athene Annuity and Life Company
Athene Annuity Financial Strength
Choose a MaxRate 5 fixed annuity from Athene Annuity and Life Company and you can expect:
- Growth and income. Whether you’re looking for growth, income, or a combination of both, Athene can provide the appropriate fixed annuity solution to address your needs.
- Your money will work hard. We do one thing and we do it well, fixed annuities that offer the potential for superior performance.
- Financial strength you can rely on. With a long history of stability and disciplined risk management, our solid financial foundation provides security and inspires confidence.
Why choose an annuity?
Annuities provide insurance against the risk that you’ll outlive your money after you retire. They give you the potential to grow your savings and create a guaranteed stream of income you can’t outlive.
An Athene MaxRate 5 annuity may be right for you if you want …
Your Initial Premium will earn a guaranteed fixed rate of interest for a Term Period you choose. MaxRate 5 offers a 5-Year Term Period. Additional Premiums earn interest at a rate that is set annually and will meet or exceed a guaranteed minimum.
The power of tax deferral.
Annuities provide the advantage of tax-deferred interest accumulation. You don’t pay taxes on any growth until you withdraw money.
Access to your money.
Each contract year during the Term Period, you can withdraw up to the Free Withdrawal amount without penalty. Once the Withdrawal Charge period is over, you can access the full value of your annuity at any time.
An income you can’t outlive.
At the maturity date, you can choose to convert your annuity into a guaranteed stream of income.
A legacy for your loved ones.
Your Athene annuity can offer your loved ones a quick source of funds to settle matters after your death. Athene Life Insurance is also an inexpensive way to leave a death benefit to beneficiaries.
Building your savings with Athene MaxRate 5
Choose how much you want to save.
You can purchase a MaxRate 5 annuity with an Initial Premium of $10,000 – $1 million. Higher amounts require company approval. After you purchase your annuity you can continue to add money to it. Additional Premium amounts must be at least $1,000, and not more than $100,000 annually.
Select your Term Period.
With a MaxRate 5 annuity, you can select the Term Period that best fits your savings goal. Choose from three, five, or seven-year guarantee terms. Your annuity includes a Withdrawal Charge period equal to the Term Period.
Your interest rates are guaranteed.
Interest is credited to your annuity using one of two interest crediting strategies.
Multi-Year Fixed Strategy
A Multi-Year Fixed Strategy is used to credit interest to the Initial Premium that you used to purchase your annuity. The interest rate for this strategy is guaranteed for the Term Period you chose.
1-Year Fixed Strategy
A 1-Year Fixed Strategy is used to credit interest to any Additional Premium. The Initial Interest Rate for this strategy is set when you purchase your annuity and is guaranteed for one year. We will declare a Renewal Interest Rate on each Contract Anniversary for the next Contract Year. This rate may vary each year, but it will always equal or exceed the Minimum Renewal Interest Rate guaranteed in your contract.
At the end of the Term Period, the Multi-Year Strategy Value will be transferred to the 1-Year Fixed Strategy.
At this point, your annuity’s full Accumulated Value will be available to you without a Withdrawal Charge or Market Value Adjustment (MVA).
Your money is protected.
Your premium earns a guaranteed rate of interest, regardless of what happens to the stock market. As long as you keep your annuity for the Withdrawal Charge period, your principal and the interest you earn are guaranteed.
Access to your money when you need it most
Athene MaxRate 5 annuities provide annual Free Withdrawal privileges beginning in the first Contract Year. Each Contract Year, you can withdraw up to an amount equal to the Multi-Year Fixed Strategy Rate multiplied by Accumulated Value (as of the most recent Contract Anniversary) without incurring a Withdrawal Charge or Market Value Adjustment.
Required minimum distributions (RMDs)
IRS mandatory withdrawals from tax-qualified contracts such as IRAs. With Athene MaxRate 5 annuities, RMDs are considered part of your annual Free Withdrawal, even if they exceed your Free Withdrawal amount. Your Free Withdrawal amount is equal to the greater of the Free Withdrawal amount or your RMD. If you take Free Withdrawals and then your RMD, it may be subject to Withdrawal Charges and MVA.
After the first Contract Year, you can withdraw up to 100% of your annuity’s Accumulated Value if you’ve been confined to a Qualified Care Facility for at least 60 consecutive days and meet the eligibility requirements. You cannot be confined at the time the contract is issued and confinement must begin at least one year after the Contract Date. No Withdrawal Charge or MVA will apply if you qualify for this benefit.
Terminal Illness Waiver
You can withdraw up to 100% of your annuity’s Accumulated Value if you’re diagnosed with a Terminal Illness that is expected to result in death within one year and you meet the eligibility requirements. This waiver is available after your first Contract Anniversary. You may not be diagnosed during the first Contract Year. No Withdrawal Charge or MVA will apply if you qualify for this benefit.
Receiving income from your annuity
In addition to periodic or Free Withdrawals, Athene MaxRate 5 provides you with several ways to receive guaranteed income from your annuity.
Annuity Payout Options
You can begin receiving guaranteed income from your annuity once it matures (on the Annuity Date). This is called “annuitization.”
The payment amount will be based on your annuity’s Cash Surrender Value and the Settlement Option you choose.
You have different options available to you depending on whether you want to receive income for a set period of time, your lifetime, or the lifetimes of you and your Joint Annuitant.
It’s important to note that once you choose to annuitize, the payment schedule and the amount are fixed and can’t be altered.
Creating a legacy
Athene MaxRate 5 annuities include a Death Benefit. It guarantees that your beneficiary will receive your annuity’s full Accumulated Value or Minimum Guaranteed Contract Value, whichever is greater. The Death Benefit will be paid as long as you haven’t annuitized your contract. After annuitization, payment will be made consistent with the settlement option you chose.
Retirement Income Planning
If you’re spending the interest from a CD or a fixed annuity to supplement your retirement income, consider a deferred annuity with a lifetime income rider. These annuities would offer a guaranteed income for life (even if the annuity ran out of money), removing the concern of making your money last in retirement and running out of money.
Some lifetime income riders offer a retirement income that increases to keep up with inflation, help pay for long-term care expenses, and offer an enhanced death benefit to help your beneficiaries.