Ratings:

A.M. Best A+
Fitch A+
S&P A+
Moody's A1
Comdex 88

James Alden

Experienced Financial Advisor

25 years

experience

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career consultations

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Athene Performance Elite 10 Plus

The Athene Annuity and Life Company, founded in 1896, is a top provider of retirement solutions. As a subsidiary of Athene Holding Ltd., the company focuses on providing a great variety of annuity types, including fixed, variable, and fixed-indexed annuities, designed not only to offer financial stability but to cater to each clients’ unique risk tolerance as well. Their high credit score from big-time agencies like A.M. Best, Moody’s, and Standard & Poor’s serve as evidence of their reliability in delivering the best possible retirement solutions to clients.

15 customer reviews

Athene Performance Elite 10 Plus

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Ratings:

A.M. Best A+
Fitch A+
S&P A+
Moody's A1
Comdex 88

About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

18%

Term

10 Years

Surrender schedule

12%12%12%11%10%9%8%7%6%4%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Yes

Minimum Contribution

$10,000

Maximum Contribution

$2,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, Profit Sharing, IRA, Spousal IRA, Pension, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, KEOGH, IRA-Roth, and Inherited IRA

Launch Date

06/14/2015

The Athene Performance Elite 10 Plus is a single premium fixed-indexed annuity with a 10 year surrender charge period and a MVA provision. The Athene Performance Elite 10 Plus also pays a first-year premium bonus subject to a 10-year vesting schedule.

Optional Strategy Charge
Higher Cap and Participation Rates are available with a strategy charge. Annual Strategy Charges are calculated on the contract anniversary and deducted monthly from the Accumulated Value.
Strategy Charge Credit
A one-time Strategy Charge Credit will be added to the Accumulated Value at the end of the Withdrawal Charge Period, if the sum of all strategy charges applied, minus the sum of all interest credits, is greater than zero.

Strategy Preset
Strategy Preset is a unique “hands-free” option designed to:

harness diversification potential through broad index exposure
allow for personalization through preset options that best meet your return profile
automatically allocate your premium to a predetermined blend of index strategies
automatically rebalance each year to target that blend over time

You still have the potential to earn interest credits every year and can help optimize performance through the additional use of longer crediting terms and/ or strategy 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	2.95% Fixed
1-Year BNP Paribas Multi-Asset PTP Participation Rate	Point to Point Annual	200% Participation
2-Year BNP Paribas Multi-Asset PTP Participation Rate	Point to Point Biennial	270% Participation
1-Year Nasdaq FC PTP Participation Rate	Point to Point Annual	115% Participation
2-Year Nasdaq FC PTP Participation Rate	Point to Point Biennial	175% Participation
1-Year AI Powered US Equity PTP Participation Rate	Point to Point Annual	160% Participation
2-Year AI Powered US Equity PTP Participation Rate	Point to Point Biennial	215% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	8.5% Cap
1-Year BNP Paribas Multi-Asset PTP Participation Rate	Point to Point Annual	145% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	6% Cap
2-Year BNP Paribas Multi-Asset PTP Participation Rate	Point to Point Biennial	195% Participation
1-Year Nasdaq FC PTP Participation Rate	Point to Point Annual	82% Participation
2-Year Nasdaq FC PTP Participation Rate	Point to Point Biennial	130% Participation
1-Year AI Powered US Equity PTP Participation Rate	Point to Point Annual	115% Participation
2-Year AI Powered US Equity PTP Participation Rate	Point to Point Biennial	155% Participation
1-Year Fixed Account (CA Only)	Fixed	2.95% Fixed
2-Year S&P 500 FC PTP Participation Rate	Point to Point Biennial	90% Participation
2-Year S&P 500 FC PTP Participation Rate	Point to Point Biennial	125% Participation
1-Year S&P 500 FC PTP Participation Rate	Point to Point Annual	65% Participation
1-Year S&P 500 FC PTP Participation Rate	Point to Point Annual	90% Participation
2-Year UBS Innovative Balanced PTP Participation Rate	Point to Point Biennial	135% Participation
2-Year UBS Innovative Balanced PTP Participation Rate	Point to Point Biennial	190% Participation
1-Year UBS Innovative Balanced PTP Participation Rate	Point to Point Annual	100% Participation
1-Year UBS Innovative Balanced PTP Participation Rate	Point to Point Annual	140% Participation
2-Year AI Powered Global Opportunities PTP Participation Rate	Point to Point Biennial	135% Participation
2-Year AI Powered Global Opportunities PTP Participation Rate	Point to Point Biennial	190% Participation
1-Year AI Powered Global Opportunities PTP Participation Rate	Point to Point Annual	100% Participation
1-Year AI Powered Global Opportunities PTP Participation Rate	Point to Point Annual	140% Participation

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
Athene Annual Liquidity Rider Charge Rate 10 years	Yes	0.95% annually (0.00% after 10 years)

Waivers

Terminal Illness

Unavailable in states: CA

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.

Confinement

Unavailable in states: CA, and MA

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.

Premium Notes

Premiums (Single premium only)
Minimum — $10,000 ($5,000 in CT, ID, MN, NJ, OH, OR, PA, UT, WA)

Withdrawal Provisions

Annuitization
After the seventh (7th) Contract Year, you may annuitize your Contract and begin receiving periodic payments. You may not annuitize your Contract prior to the end of the 7th Contract Year. The following Options are available, based on the Contract's Accumulated Value:

Life Annuity;
Life Annuity with Guaranteed Period;
Installment Refund Life Annuity;
Joint and Last Survivor Annuity;
Fixed Period Annuity of at least 7 years.

Annuitization is irrevocable. Once you begin to receive payments, you may not stop payments or take a partial withdrawal or surrender.

Enhanced Annuitization
After the seventh contract year, you may elect to surrender your contract and apply the Accumulated Value to one of five settlement options. No Withdrawal Charges, Premium Bonus Vesting Adjustments or Market Value Adjustments will apply upon election of this feature, provided one of the Settlement Options is elected and annuity payments commence.

Free Withdrawals

Athene Performance Elite annuities provide annual penalty-free withdrawal privileges. Athene Performance Elite 10 annuity allows up to 5% beginning in the second Contract Year.
Each year, you may withdraw up to the maximum free amount of your annuity’s Accumulated Value (as of the most recent Contract Anniversary) without a Withdrawal Charge, Market Value Adjustment (MVA) or any Premium Bonus Vesting Adjustment, if applicable.
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, MVA or Premium Bonus Vesting Adjustment for the Contract Year.

Enhanced Free Withdrawals
On Performance Elite 10, the penalty-free withdrawal amount is increased to 10% per year and may be taken as early as the first Contract Year. If no withdrawals are taken in a given year, up to 20% of the Accumulated Value is available for withdrawal in the next year.

Market Value Adjustment (MVA)
A Market Value Adjustment applies to withdrawals in excess of the free withdrawal amount and full surrenders during the Withdrawal Charge period. If you take an excess withdrawal before the end of your Withdrawal Charge period, an MVA will be applied to that excess withdrawal. The MVA may increase or decrease the amount of the Withdrawal or Cash Surrender Value of your Contract depending on the change in interest rates. If interest rates have increased, stayed the same or decreased by less than 0.25%, the MVA will be negative. If interest rates have decreased by more than 0.25%, the MVA will be positive. MVA is not applicable in all states.