Fixed index annuity review and rates
Athene Ascent Pro 7
Athene Ascent Pro 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 and Market Value Adjustment will be applied. These charges do not apply to Free Withdrawals, RMDs, payments made in settlement of your annuity’s Death Benefit, or to Confinement and Terminal Illness waivers.
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
|
2.4%
Fixed
|
| 1-Year Nasdaq FC PTP Participation Rate |
Point to Point
Annual
|
72%
Participation
|
| 2-Year Nasdaq FC PTP Participation Rate |
Point to Point
Biennial
|
110%
Participation
|
| 1-Year BNP Paribas Multi Asset Diversified 5 PTP Participation Rate |
Point to Point
Annual
|
125%
Participation
|
| 2-Year BNP Paribas Multi Asset Diversified 5 PTP Participation Rate |
Point to Point
Biennial
|
170%
Participation
|
| 1-Year AI Powered US Equity PTP Participation Rate |
Point to Point
Annual
|
105%
Participation
|
| 2-Year AI Powered US Equity PTP Participation Rate |
Point to Point
Biennial
|
140%
Participation
|
| 1-Year S&P 500 DRC 5% TR PTP Participation Rate |
Point to Point
Annual
|
65%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.5%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 8% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Ascent Pro 7 Income Rider - Option 1 with Level Income | Yes | 1.00% annually |
| Ascent Pro 7 Income Rider - Option 1 with Inflation Adjusted Income | Yes | 1.00% annually |
| Ascent Pro 7 Income Rider - Option 1 with Earning-Indexed Income | Yes | 1.00% annually |
| Ascent Pro 7 Income Rider - Option 2 with Level Income | Yes | 1.00% annually |
| Ascent Pro 7 Income Rider - Option 2 with Earning-Indexed Income | Yes | 1.00% annually |
| Ascent Pro 7 Income Rider - Option 2 with Inflation Adjusted 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%
Surrender schedule
7 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