Fixed index annuity review and rates
Athene Ascent Pro 10 Bonus
The Ascent 10 Bonus is a single premium fixed-indexed annuity with a 10 year surrender charge period and a MVA provision. The Ascent 10 Bonus also pays a first year premium bonus of 3% (varies by state) subject to a 10 year vesting schedule.
There is also a unique feature called the Minimum Interest Credit which states: If at the end of your withdrawal charge period, the total interest credited to your Accumulated Value is less than the Minimum Interest Credit, 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 and charges.
There is also a unique feature called the Minimum Interest Credit which states: If at the end of your withdrawal charge period, the total interest credited to your Accumulated Value is less than the Minimum Interest Credit, 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 and charges.
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.3%
Fixed
|
| 1-Year AI Powered US Equity PTP Participation Rate |
Point to Point
Annual
|
97%
Participation
|
| 2-Year AI Powered US Equity PTP Participation Rate |
Point to Point
Biennial
|
130%
Participation
|
| 1-Year BNP Paribas Multi Asset Diversified 5 PTP Participation Rate |
Point to Point
Annual
|
115%
Participation
|
| 2-Year BNP Paribas Multi Asset Diversified 5 PTP Participation Rate |
Point to Point
Biennial
|
160%
Participation
|
| 1-Year Nasdaq FC PTP Participation Rate |
Point to Point
Annual
|
67%
Participation
|
| 2-Year Nasdaq FC PTP Participation Rate |
Point to Point
Biennial
|
102%
Participation
|
| 1-Year S&P 500 DRC 5% TR PTP Participation Rate |
Point to Point
Annual
|
60%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.25%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 12% | 12% | 12% | 11% | 10% | 9% | 8% | 7% | 6% | 4% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Ascent Pro 10 Bonus Income Rider - Option 1 with Earning-Indexed Income | Yes | 1.00% annually |
| Ascent Pro 10 Bonus Income Rider - Option 1 with Inflation Adjusted Income | Yes | 1.00% annually |
| Ascent Pro 10 Bonus Income Rider - Option 1 with Level Income | Yes | 1.00% annually |
| Ascent Pro 10 Bonus Income Rider - Option 2 with Earning-Indexed Income | Yes | 1.00% annually |
| Ascent Pro 10 Bonus Income Rider - Option 2 with Inflation Adjusted Income | Yes | 1.00% annually |
| Ascent Pro 10 Bonus Income Rider - Option 2 with Level Income | Yes | 1.00% annually |
Athene Annuity and Life Company
Founded:
1909
A.M. Best:
A
Fitch:
A+
S&P:
A
Moody's:
A1
Brochure
Free withdrawal
10%
Premium bonus
3%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, 401k, Profit Sharing, IRA, Spousal IRA, Pension, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, KEOGH, and IRA-Roth