Athene Performance Elite 10 Plus

Premium Notes

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 AnnuitizationAfter 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 WithdrawalsOn 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.