Athene AccuMax 5
Highlights
|
Type
|
Fixed Index |
|---|---|
| Purpose | Accumulation |
|
Term
|
5 Years |
|
Surrender schedule
|
8%8%7%6%5% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
03/29/2021 |
|
Minimum contribution
|
$10,000 |
|
Maximum contribution
|
$2,000,000 |
|
Max Age Qualified
|
85 |
|
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 |
Brochure
|
Open brochure |
Find out if the Athene AccuMax 5 is the right product for you.
Withdrawal Provisions
Beginning in the first Contract Year, you can withdraw up to the greater of 10% of your premium or your annuity’s Accumulated Value each Contract Year without a Withdrawal Charge or Market Value Adjustment (MVA). 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 59 1/2. 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 or MVA which may result in the loss of principal if taken during the first 5 years of the contract.
Market Value Adjustment
A Market Value Adjustment applies to Withdrawals in excess of the Free Withdrawal amount and full surrenders during the Withdrawal Charge Period. If interest rates in the market are higher than when you purchased your annuity, the MVA is negative, meaning the Cash Surrender Value or net excess withdrawal you receive will reflect deductions for both withdrawal charges and MVA. If interest rates have decreased, the MVA will be positive.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 5-Year Fixed Account |
Fixed
|
4.85%
Fixed
|
| 1-Year AI Powered Multi-Asset PTP Participation Rate |
Point to Point
Annual
|
190%
Participation
|
| 5-Year AI Powered Multi-Asset PTP Participation Rate |
Point to Point
5-Year
|
410%
Participation
|
| 5-Year Shiller Barclays CAPE Allocator 6 PTP Participation Rate |
Point to Point
5-Year
|
425%
Participation
|
| 1-Year Shiller Barclays CAPE Allocator 6 PTP Participation Rate |
Point to Point
Annual
|
180%
Participation
|
| 5-Year S&P 500 PTP Participation Rate |
Point to Point
5-Year
|
100%
Participation
|
| 5-Year S&P 500 PTP Participation Rate with -10% Floor |
Point to Point
5-Year
Annual sum
|
85%
Participation
|
| 5-Year Fixed Account |
Fixed
|
5%
Fixed
|
| 5-Year S&P 500 PTP Participation Rate |
Point to Point
5-Year
|
105%
Participation
|
| 5-Year AI Powered Multi-Asset PTP Participation Rate |
Point to Point
5-Year
|
425%
Participation
|
| 5-Year S&P 500 PTP Participation Rate with -10% Floor |
Point to Point
5-Year
Annual sum
|
90%
Participation
|
| 1-Year AI Powered Multi-Asset PTP Participation Rate |
Point to Point
Annual
|
200%
Participation
|
| 5-Year Shiller Barclays CAPE Allocator 6 PTP Participation Rate |
Point to Point
5-Year
|
445%
Participation
|
| 1-Year Shiller Barclays CAPE Allocator 6 PTP Participation Rate |
Point to Point
Annual
|
190%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 8% | 8% | 7% | 6% | 5% |
Riders
No Riders for Athene AccuMax 5 annuity.
Waivers
Terminal Illness
Unavailable in states: CA
You can withdraw all or part of your annuity’s value if the Owner (or Annuitant if the owner is a non-natural person) is 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. If requesting the Terminal Illness Waiver, you’ll be eligible for the greater of the Minimum Guaranteed Contract Value and either a) the Interim Value (Interim Value reflects the pro-rated cumulative performance during the current Index Term Period, subject to the terms of the applicable Strategy. Indexed Strategy interest credits are not applied to the Strategy Value until the Index Term End Date. The Interim Value is used only to determine the Death Benefit, and is not available for Withdrawal or Surrender, except through qualifying claims under the Confinement and Terminal Illness Waivers, if applicable.) if requesting a full surrender, or b) the Accumulated Value, if requesting a partial Withdrawal
Confinement
Unavailable in states: CA
You can withdraw all or part of your annuity’s value if the Owner (or Annuitant if the owner is a non-natural person) is confined to a Qualified Care facility for at least 60 consecutive days and meet the eligibility requirements. This waiver is available after your first Contract Anniversary. If requesting the Confinement Waiver, you’ll be eligible for the greater of the Minimum Guaranteed Contract Value and either a) the Interim Value (Interim Value reflects the pro-rated cumulative performance during the current Index Term Period, subject to the terms of the applicable Strategy. Indexed Strategy interest credits are not applied to the Strategy Value until the Index Term End Date. The Interim Value is used only to determine the Death Benefit, and is not available for Withdrawal or Surrender, except through qualifying claims under the Confinement and Terminal Illness Waivers, if applicable.) if requesting a full surrender, or b) the Accumulated Value, if requesting a partial Withdrawal.
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