Fixed annuity review and rates
Athene NY MaxRate
Athene MaxRate annuities are designed to help meet your long-term savings and retirement needs. They include a Withdrawal Charge period. If you withdraw more money than the no-charge amount allowed by your contract, 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 MaxRate 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.
Free Withdrawal
Equal to the Multi-Year Fixed Strategy rate multiplied by the Accumulated Value (as of the most recent Contract Anniversary) beginning in the first contract year. Withdrawals and surrender may be subject to federal and state income tax and, except under certain circumstances, will be subject to an IRS penalty if taken prior to age 59½. Withdrawals are not credited with index interest in the year they are taken. Withdrawals in excess of the free amount are subject to a Withdrawal Charge and MVA (if applicable) which may result in the loss of principal.
Required Minimum Distributions (RMDs)
Considered part of your annual Withdrawal with no withdrawal charge, even if they exceed your Withdrawal with no withdrawal charge amount.
Your Free Withdrawal amount is equal to the greater of the Free Withdrawal amount or your RMD. If you take Free Withdrawals and then your RMD, it may be subject to Withdrawal Charges and MVA.
Multiple Annuity Payout Options
Once the contract is annuitized, the payment schedule and the amount are fixed and can't be altered. Payment will be based on the annuity's Cash Surrender Value and the Settlement Option chosen.
Principal protection
As long as you keep your annuity for the Withdrawal Charge period, your principal and the interest you earn are guaranteed
Premium Limits
You can purchase an Athene MaxRate 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.
Free Withdrawal
Equal to the Multi-Year Fixed Strategy rate multiplied by the Accumulated Value (as of the most recent Contract Anniversary) beginning in the first contract year. Withdrawals and surrender may be subject to federal and state income tax and, except under certain circumstances, will be subject to an IRS penalty if taken prior to age 59½. Withdrawals are not credited with index interest in the year they are taken. Withdrawals in excess of the free amount are subject to a Withdrawal Charge and MVA (if applicable) which may result in the loss of principal.
Required Minimum Distributions (RMDs)
Considered part of your annual Withdrawal with no withdrawal charge, even if they exceed your Withdrawal with no withdrawal charge amount.
Your Free Withdrawal amount is equal to the greater of the Free Withdrawal amount or your RMD. If you take Free Withdrawals and then your RMD, it may be subject to Withdrawal Charges and MVA.
Multiple Annuity Payout Options
Once the contract is annuitized, the payment schedule and the amount are fixed and can't be altered. Payment will be based on the annuity's Cash Surrender Value and the Settlement Option chosen.
Principal protection
As long as you keep your annuity for the Withdrawal Charge period, your principal and the interest you earn are guaranteed
Interest Rates
| Guaranteed Years | Surrender Years | Guaranteed Yield | Current Yield |
|---|---|---|---|
| 5 | 5 | 4.6% | 4.6% |
| 5 | 5 | 4.35% | 4.35% |
| 7 | 7 | 4.5% | 4.5% |
| 7 | 7 | 4.8% | 4.8% |
Athene Annuity & Life Assurance Company of New York
Founded:
1965
A.M. Best:
A
Fitch:
A+
S&P:
A
Moody's:
A1
Brochure
Free withdrawal
0%
Types of funds
Non-Qualified, 401k, Profit Sharing, IRA, Spousal IRA, Pension, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, KEOGH, and IRA-Roth