Athene NY MYG 7
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Athene MYG annuities are designed to help meet your long-term accumulation and retirement needs. They include a Withdrawal Charge period. If you withdraw more money than the amount allowed by your contract at no charge, or if you surrender your annuity before the Withdrawal Charge period ends, a Withdrawal Charge will be applied.
Premium Limits
You can purchase an Athene MYG annuity with an Initial Premium of $5,000 – $2 million. Larger amounts considered with company approval. After you purchase your annuity you can continue to add money to it. Additional Premium amounts can be added until the maturity date. For the additional premiums, there is a minimum contribution of $1,000, and the maximum 12 month contribution is $10,000. Payments can be made monthly.
Issue Ages:
Premium Limits
You can purchase an Athene MYG annuity with an Initial Premium of $5,000 – $2 million. Larger amounts considered with company approval. After you purchase your annuity you can continue to add money to it. Additional Premium amounts can be added until the maturity date. For the additional premiums, there is a minimum contribution of $1,000, and the maximum 12 month contribution is $10,000. Payments can be made monthly.
Issue Ages:
- Athene MYG 3 / MYG 3 ROP - 0-85
- Athene MYG 5 / MYG 5 ROP - 0-83
- Athene MYG 7 / MYG 7 ROP - 0-83
Free Withdrawals
Athene MYG annuities provide annual Withdrawal with no withdrawal charge privileges beginning in the first Contract Year. Each Contract Year, you can withdraw up to 10% of your annuity’s Accumulated Value (as of the most recent Contract Anniversary) without incurring a Withdrawal Charge.
Required minimum distributions (RMDs) are IRS mandatory withdrawals from tax-qualified contracts such as IRAs. With Athene MYG annuities, RMDs are considered part of your annual Withdrawal with no withdrawal charge, even if they exceed your Withdrawal with no withdrawal charge amount.
Return of Premium
The Return of Premium Benefit value is the Initial Premium and any Additional Premiums, if applicable, minus all prior Net Withdrawals. Net withdrawals equals the Gross Amount withdrawn less Withdrawal Charges. The Return of Premium Benefit is only available on full surrender of the contract during the Withdrawal Charge Period.
Athene MYG annuities provide annual Withdrawal with no withdrawal charge privileges beginning in the first Contract Year. Each Contract Year, you can withdraw up to 10% of your annuity’s Accumulated Value (as of the most recent Contract Anniversary) without incurring a Withdrawal Charge.
Required minimum distributions (RMDs) are IRS mandatory withdrawals from tax-qualified contracts such as IRAs. With Athene MYG annuities, RMDs are considered part of your annual Withdrawal with no withdrawal charge, even if they exceed your Withdrawal with no withdrawal charge amount.
Return of Premium
The Return of Premium Benefit value is the Initial Premium and any Additional Premiums, if applicable, minus all prior Net Withdrawals. Net withdrawals equals the Gross Amount withdrawn less Withdrawal Charges. The Return of Premium Benefit is only available on full surrender of the contract during the Withdrawal Charge Period.
Principal protection As long as you keep your annuity for the Withdrawal Charge period, your principal and the interest you earn are guaranteed
Death Benefit
Your beneficiary will receive your annuity’s full Accumulated Value. The Death Benefit will be paid as long as you haven’t annuitized your contract. After annuitization, payment will be made consistent with the settlement option you chose.
Death Benefit
Your beneficiary will receive your annuity’s full Accumulated Value. The Death Benefit will be paid as long as you haven’t annuitized your contract. After annuitization, payment will be made consistent with the settlement option you chose.
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 7 years | 4.4% |