Fixed index annuity review and rates

Athene Protector 5

With an Athene Protector 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
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
4.1% Fixed
1-Year S&P 500 PTP Cap
Point to Point
9.5% Cap
1-Year S&P 500 DRC 5% TR PTP Participation Rate
Point to Point
92% Participation
1-Year AI Powered US Equity PTP Participation Rate
Point to Point
190% Participation
1-Year Nasdaq FC PTP Participation Rate
Point to Point
130% Participation
1-Year BNP Paribas Multi Asset Diversified 5 PTP Participation Rate
Point to Point
220% Participation
1-Year Fixed Account (CA Only)
3% Fixed

Surrender schedule

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


Name Inbuilt Fee
Athene Protector Return of Premium Rider 5 years Yes 0.40% annually (0.00% after 5 years)
Athene Annuity and Life Company
Founded: 1909
A.M. Best: A
Fitch: A+
S&P: A
Moody's: A1
Carrier details
Free withdrawal
Surrender schedule
5 years
Return of premium
Market value adjustment
Minimum contribution
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