Athene Protector 7 Fixed Indexed Annuity


Athene Protector 7 fixed index annuity is a 7-year retirement savings plan designed for safe wealth accumulation, principal protection, and extra liquidity.

About Athene Annuity and Life Company

Athene Annuity Financial Strength


With an Athene Protector 7 fixed indexed annuity, you can save confidently for retirement. And you’ll rest easy knowing your money is there if you need it — whatever life sends your way. Consider these features:

  • Return of premium guarantee
  • Minimum Interest Credit guarantee
  • Up to 10% penalty-free withdrawals
  • Confinement and terminal illness waivers
  • Growth potential based in part on the performance of an external market index
  • Protection from downside market risk
  • Tax-deferred interest accumulation


Why choose an annuity?

Annuities are designed to help you achieve your goals for retirement savings and income. They provide insurance against major financial risks, like outliving your assets.


Take control with three important guarantees.

You’re looking for a secure way to boost your retirement savings. But you want options in case your plans change. Athene Protector 7 provides guarantees to help you get there.

Guaranteed Return of Premium

A built-in Return of Premium benefit, for a charge, provides you with protection from unpredictable circumstances. You can surrender your annuity at any time during the Withdrawal Charge period and receive your initial purchase premium, less any prior withdrawals. The Return of Premium benefit is not available after the Withdrawal Charge period has elapsed.

Guaranteed Minimum Interest Credit

If the total interest credited to your annuity’s Accumulated Value is less than the Minimum Interest Credit at the end of your Withdrawal Charge period, you will automatically receive a one-time interest credit equal to the difference. The Minimum Interest Credit is based upon a percentage of your Initial Premium less withdrawals.

Guaranteed protection from downside market risk

The indexed interest crediting strategies in a fixed indexed annuity guarantee that your annuity’s Accumulated Value will never decrease due to market performance.


Grow your nest egg with multiple interest crediting strategy options.

Indexed Strategies

Athene Protector 7 annuities offer a selection of 1-year index crediting strategies. These give you the potential to earn interest based in part on the upward movement of a stock market index. The interest you earn in a particular strategy is credited at the end of each Contract Year. You’re guaranteed to never earn less than 0% interest.

Fixed Strategy

The fixed strategy provides a guaranteed rate of interest that is credited to your annuity daily. Athene declares the guaranteed rate for this strategy each contract year.

Athene Protector 7 gives you the opportunity to grow your annuity’s value and lock in gains.

Your money is not directly exposed to the risks of the stock market or individual stocks. Athene guarantees you will not lose money due to stock market risk or losses.



Additional features for added peace of mind.

Free Withdrawals

Beginning in the first Contract Year, you can withdraw up to 10% of your annuity’s Accumulated Value each Contract Year without a Withdrawal Charge. Required Minimum Distributions (RMDs) are IRS mandatory withdrawals required with qualified contracts (such as an IRA ). These withdrawals from your annuity contract are considered part of your free withdrawal, free of Withdrawal Charges, for the Contract Year.

Bailout Feature — Flexibility and Protection

If Athene lowers the declared 1-Year Point-to-Point Index Strategy Annual Cap Rate below the Bailout Cap Rate, you’ll have full access to your annuity’s Accumulated Value-free of any charges — for up to 30 days after the Contract Anniversary in which the Bailout Cap Rate was pierced. After the 30-day Bailout Window, all charges may apply.

Confinement Waiver

You can withdraw up to 100% of your annuity’s value if you are confined to a Qualified Care Facility. This benefit is available if you are confined for at least 60 consecutive days any time after the first Contract Year and meet eligibility requirements. No Withdrawal Charges apply if you qualify for this benefit. You cannot be confined at the time your contract is issued and confinement must begin at least one year after the Contract Date.

Terminal Illness Waiver

Withdraw up to 100% of the annuity’s Accumulated Value if you are diagnosed with a terminal illness that is expected to result in death within one year and meet eligibility requirements. No Withdrawal Charges apply if you qualify for this benefit. This waiver is available after your first Contract Anniversary and the initial diagnosis of terminal illness must be made at least one year after the Contract Date.

Death Benefit

Your annuity can offer your loved ones a quick source of funds to settle matters after your death. Your beneficiary is guaranteed your annuity’s full Accumulated Value, Minimum Guaranteed Contract Value, or Return of Premium Benefit, whichever is greatest.

Athene Life Insurance is also an inexpensive way to leave a death benefit to beneficiaries.

Minimum Guaranteed Contract Value

Ensures you will receive a minimum interest crediting rate on a percentage of your premium, adjusted for withdrawals, while the contract is in effect.

Contract Surrender

If you decide to surrender your contract, Athene will pay you the contract’s Cash Surrender Value. The Cash Surrender Value is equal to the greatest of the following values as defined in your annuity contract:

  • The Accumulated Value less any applicable Withdrawal Charges
  • The Minimum Guaranteed Contract Value
  • The Return of Premium Benefit during the Withdrawal Charge period



Important Information to have on hand.

Athene Protector 7 annuities are designed to meet your long-term savings and retirement needs. They include a Withdrawal Charge period. If you withdraw more money than the free amount allowed by your contract, or if you surrender the annuity before the Withdrawal Charge period ends, a Withdrawal Charge may be applied. These charges do not apply to Free Withdrawals, RMDs, payments made in settlement of your annuity’s Death Benefit, or Confinement and Terminal Illness waivers.

Withdrawal Charges

If you surrender your annuity or withdraw an amount that exceeds the Free Withdrawal amount during the Withdrawal Charge period, you will incur a Withdrawal Charge. In part, Withdrawal Charges allow the company to invest your money on a long-term basis and generally credit higher yields than possible with a similar annuity of a shorter term.

Rider Charge

A Return of Premium rider is included with Athene Protector 7 fixed indexed annuities and is automatically elected with the purchase of the Annuity Contract. A Rider Charge is deducted monthly from your annuity’s Accumulated Value during the Withdrawal Charge period, beginning on the Rider Effective Date. The Rider Charge is calculated as a percentage of the Accumulated Value. The Annual Rider Charge Rate is declared in your contract.


Minimum Premium

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Enhanced Benefits

Company Rating (A.M. Best)

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Insurance Company

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Annuitization Required

Annual Penalty-Free Withdrawals

Death Benefit


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