Athene Annuity and Life Company
4.4
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Athene Performance Elite 7 Plus

The Athene Performance Elite 7 Plus is a top-notch annuity option for retirees seeking peace of mind. With lucrative interest rates and built-in flexibility, your hard earned money can grow safely and reliably. Enjoy a well-deserved, worry-free retirement!

What's more, this annuity product offers unique benefits: options for additional income boosts and protection against market volatility. It's the perfect blend of stability and growth potential, making it a fantastic asset to your golden years' financial portfolio.

Athene Performance Elite 7 Plus-brochure Athene Performance Elite 7 Plus-brochure

Athene Performance Elite 7 Plus

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About Product

Type
Fixed Index
Purpose
Accumulation
Premium Bonus
6%
Term
7 Years
Surrender schedule
9%
8.8%
7.9%
6.9%
5.9%
5%
4%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
Yes
Minimum Contribution
$10,000
Maximum Contribution
$2,000,000
Max Age Qualified
83
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
06/11/2017
The Athene Performance Elite 7 Plus is a single premium fixed-indexed annuity with a 7-year surrender charge period and an MVA provision. The Athene Performance Elite 7 also pays a first-year premium bonus subject to a 7-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
4.4% Fixed
2-Year AI Powered US Equity PTP Participation Rate
Point to Point
Biennial
205% Participation
2-Year Nasdaq FC PTP Participation Rate
Point to Point
Biennial
175% Participation
2-Year BNP Paribas Multi-Asset PTP Participation Rate
Point to Point
Biennial
265% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.75% Cap
1-Year AI Powered US Equity PTP Participation Rate
Point to Point
Annual
160% Participation
1-Year Nasdaq FC PTP Participation Rate
Point to Point
Annual
115% Participation
1-Year BNP Paribas Multi-Asset PTP Participation Rate
Point to Point
Annual
195% Participation
1-Year BNP Paribas Multi-Asset PTP Participation Rate
Point to Point
Annual
250% Participation
2-Year BNP Paribas Multi-Asset PTP Participation Rate
Point to Point
Biennial
340% Participation
1-Year Nasdaq FC PTP Participation Rate
Point to Point
Annual
150% Participation
2-Year Nasdaq FC PTP Participation Rate
Point to Point
Biennial
225% Participation
1-Year AI Powered US Equity PTP Participation Rate
Point to Point
Annual
205% Participation
2-Year AI Powered US Equity PTP Participation Rate
Point to Point
Biennial
265% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
12% Cap
1-Year Fixed Account (CA Only)
Fixed
3% Fixed
1-Year AI Powered Global Opportunities PTP Participation Rate
Point to Point
Annual
180% Participation
1-Year AI Powered Global Opportunities PTP Participation Rate
Point to Point
Annual
140% Participation
2-Year AI Powered Global Opportunities PTP Participation Rate
Point to Point
Biennial
240% Participation
2-Year AI Powered Global Opportunities PTP Participation Rate
Point to Point
Biennial
185% Participation
1-Year UBS Innovative Balanced PTP Participation Rate
Point to Point
Annual
180% Participation
1-Year UBS Innovative Balanced PTP Participation Rate
Point to Point
Annual
140% Participation
2-Year UBS Innovative Balanced PTP Participation Rate
Point to Point
Biennial
240% Participation
2-Year UBS Innovative Balanced PTP Participation Rate
Point to Point
Biennial
185% Participation
1-Year S&P 500 FC PTP Participation Rate
Point to Point
Annual
115% Participation
1-Year S&P 500 FC PTP Participation Rate
Point to Point
Annual
90% Participation
2-Year S&P 500 FC PTP Participation Rate
Point to Point
Biennial
155% Participation
2-Year S&P 500 FC PTP Participation Rate
Point to Point
Biennial
120% Participation

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 9% 8% 7% 6% 5% 4%

Hypothetical Projection

Comparison against S&P 500 using current rates
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Riders

Name Inbuilt Fee
Athene Annual Liquidity Rider Charge Rate 7 years Yes 0.95% annually (0.00% after 7 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. Confinement period must begin at least one year after the contract date.

Premium Notes

Minimum Premium: $10,000 Q/NQ.  (Single premium only) 

Withdrawal Provisions

Free Withdrawals Athene Performance Elite annuities provide annual penalty-free withdrawal privileges. Athene Performance Elite 7 annuities allow up to a 10% annual free withdrawal beginning in the first 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 WithdrawalsIf 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. Enhanced Annuitization After the fifth 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. 

Company Founded: 1909
TOP Rated Company
Athene Annuity and Life Company
Company Ratings
5
  • A.M. Best A+
  • Fitch A+
  • S&P A+
  • Moody's A1
  • Comdex 88
Assets: $150,307,283,698
Iowa

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