Athene Performance Elite 10 Plus

Athene Annuity and Life Company
Athene Performance Elite 10 Plus-brochure Athene Performance Elite 10 Plus-brochure

Athene Performance Elite 10 Plus

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Ratings:

  • A.M. Best A+
  • Fitch A+
  • S&P A+
  • Moody's A1
  • Comdex 88

About Product

Type
Fixed Index
Purpose
Accumulation
Premium Bonus
18%
Term
10 Years
Surrender schedule
12%12%12%11%10%9%8%7%6%4%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
Yes
Minimum Contribution
$10,000
Maximum Contribution
$2,000,000
Max Age Qualified
78
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
06/14/2015
The Athene Performance Elite 10 Plus is a single premium fixed-indexed annuity with a 10 year surrender charge period and a MVA provision. The Athene Performance Elite 10 Plus also pays a first-year premium bonus subject to a 10-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
2.95% Fixed
1-Year BNP Paribas Multi-Asset PTP Participation Rate
Point to Point
Annual
200% Participation
2-Year BNP Paribas Multi-Asset PTP Participation Rate
Point to Point
Biennial
270% Participation
1-Year Nasdaq FC PTP Participation Rate
Point to Point
Annual
115% Participation
2-Year Nasdaq FC PTP Participation Rate
Point to Point
Biennial
175% Participation
1-Year AI Powered US Equity PTP Participation Rate
Point to Point
Annual
160% Participation
2-Year AI Powered US Equity PTP Participation Rate
Point to Point
Biennial
215% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.5% Cap
1-Year BNP Paribas Multi-Asset PTP Participation Rate
Point to Point
Annual
145% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
6% Cap
2-Year BNP Paribas Multi-Asset PTP Participation Rate
Point to Point
Biennial
195% Participation
1-Year Nasdaq FC PTP Participation Rate
Point to Point
Annual
82% Participation
2-Year Nasdaq FC PTP Participation Rate
Point to Point
Biennial
130% Participation
1-Year AI Powered US Equity PTP Participation Rate
Point to Point
Annual
115% Participation
2-Year AI Powered US Equity PTP Participation Rate
Point to Point
Biennial
155% Participation
1-Year Fixed Account (CA Only)
Fixed
2.95% Fixed
2-Year S&P 500 FC PTP Participation Rate
Point to Point
Biennial
90% Participation
2-Year S&P 500 FC PTP Participation Rate
Point to Point
Biennial
125% Participation
1-Year S&P 500 FC PTP Participation Rate
Point to Point
Annual
65% Participation
1-Year S&P 500 FC PTP Participation Rate
Point to Point
Annual
90% Participation
2-Year UBS Innovative Balanced PTP Participation Rate
Point to Point
Biennial
135% Participation
2-Year UBS Innovative Balanced PTP Participation Rate
Point to Point
Biennial
190% Participation
1-Year UBS Innovative Balanced PTP Participation Rate
Point to Point
Annual
100% Participation
1-Year UBS Innovative Balanced PTP Participation Rate
Point to Point
Annual
140% Participation
2-Year AI Powered Global Opportunities PTP Participation Rate
Point to Point
Biennial
135% Participation
2-Year AI Powered Global Opportunities PTP Participation Rate
Point to Point
Biennial
190% Participation
1-Year AI Powered Global Opportunities PTP Participation Rate
Point to Point
Annual
100% Participation
1-Year AI Powered Global Opportunities PTP Participation Rate
Point to Point
Annual
140% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 12% 12% 12% 11% 10% 9% 8% 7% 6% 4%

Riders

Name Inbuilt Fee
Athene Annual Liquidity Rider Charge Rate 10 years Yes 0.95% annually (0.00% after 10 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, and confinement must begin at least one year after the Contract Date.

Premium Notes

Premiums (Single premium only)
Minimum — $10,000 ($5,000 in CT, ID, MN, NJ, OH, OR, PA, UT, WA)

Withdrawal Provisions

Annuitization
After the seventh (7th) Contract Year, you may annuitize your Contract and begin receiving periodic payments. You may not annuitize your Contract prior to the end of the 7th Contract Year. The following Options are available, based on the Contract's Accumulated Value:
  • Life Annuity;
  • Life Annuity with Guaranteed Period;
  • Installment Refund Life Annuity;
  • Joint and Last Survivor Annuity;
  • Fixed Period Annuity of at least 7 years.
Annuitization is irrevocable. Once you begin to receive payments, you may not stop payments or take a partial withdrawal or surrender.

Enhanced Annuitization
After the seventh 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. 

Free Withdrawals 
Athene Performance Elite annuities provide annual penalty-free withdrawal privileges. Athene Performance Elite 10 annuity allows up to 5% beginning in the second 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 Withdrawals
On Performance Elite 10, the penalty-free withdrawal amount is increased to 10% per year and may be taken as early as the first Contract Year. If 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. 

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