Athene Velocity

The Athene Velocity annuity is a rock-solid investment for a worry-free retirement. Offering guaranteed income with the potential for growth, it provides the stability you seek.

Athene makes planning for tomorrow very manageable. Be at peace with your financial future - make a move towards Athene Velocity today!

Athene Velocity-brochure Athene Velocity-brochure

Athene Velocity

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Ratings:

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

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About Product

Type
Fixed Index
Purpose
Lifetime Income
Term
10 Years
Surrender schedule
9.6%9.2%8.2%7.2%6.2%5.2%4.2%3.1%2.1%1%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
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, and IRA-Roth
Launch Date
03/25/2019
The latest addition to the BCA suite of fixed indexed annuities, Athene Velocity is a single-premium fixed indexed annuity that combines growth opportunities and protection from downside market risk. As a solution for individuals planning for or already in retirement, Athene Velocity can help you: 
  • Grow your retirement savings based on positive changes in a selected Index Earning Strategy (IES) or strategies over a two-year term.
  • Protect your retirement savings from downside market risk.
  • Guarantee your lifetime income and future legacy.
Annual Strategy Charge
Annual Strategy Charges are calculated annually and deducted monthly from the Accumulation Value. The current declared Initial Annual Strategy Charge Rate is guaranteed for the first term only. Athene will declare a new Annual Strategy Charge Rate for each renewal term not to exceed 2.00% (1.80% in some states). 
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
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
47% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
60% Participation
2-Year Shiller Barclays Global PTP Participation Rate
Point to Point
Biennial
210% Participation
2-Year Shiller Barclays Global PTP Participation Rate
Point to Point
Biennial
160% Participation
2-Year Merrill Lynch RPM PTP Participation Rate
Point to Point
Biennial
175% Participation
2-Year Merrill Lynch RPM PTP Participation Rate
Point to Point
Biennial
225% Participation
2-Year WisdomTree Siegel Strategic Value PTP Participation Rate
Point to Point
Biennial
160% Participation
2-Year WisdomTree Siegel Strategic Value PTP Participation Rate
Point to Point
Biennial
210% Participation
2-Year Citi Grandmaster PTP Participation Rate
Point to Point
Biennial
300% Participation
2-Year Citi Grandmaster PTP Participation Rate
Point to Point
Biennial
235% Participation
2-Year Shiller Barclays CAPE Allocator 6 PTP Participation Rate
Point to Point
Biennial
210% Participation
2-Year Shiller Barclays CAPE Allocator 6 PTP Participation Rate
Point to Point
Biennial
160% Participation

Surrender schedule

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

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Riders

Name Inbuilt Fee
Athene Velocity Income Rider Yes

Waivers

Terminal Illness

Unavailable in states: CA

After the first contract anniversary, you can withdraw up to 100% of your annuity`s value if you, as the Owner, are diagnosed with a Terminal Illness or an illness or serious injury necessitates a stay of 60 consecutive days or more at a Qualified Care Facility. If the Owner is a non-natural entity, then the Confinement and Terminal Illness Waivers will be triggered based on the annuitant. Any applicable Withdrawal Charges, MVA or Premium Bonus Vesting Adjustments will be waived.

Confinement

Unavailable in states: CA, and MA

After the first contract anniversary, you can withdraw up to 100% of your annuity`s value if you, as the Owner, are diagnosed with a Terminal Illness or an illness or serious injury necessitates a stay of 60 consecutive days or more at a Qualified Care Facility. If the Owner is a non-natural entity, then the Confinement and Terminal Illness Waivers will be triggered based on the annuitant. Any applicable Withdrawal Charges, MVA or Premium Bonus Vesting Adjustments will be waived.

Withdrawal Provisions

Free Withdrawals
The Free Withdrawal amount is the greater of a percentage of the Accumulation Value and a percentage of the Initial Premium and Premium Bonus, if applicable. The percentage is 10% in all years. Withdrawals in excess of the Free Withdrawal amount (excluding Required Minimum Distributions) will not receive gains to-date and will be subject to any applicable Withdrawal Charges, Premium Bonus Vesting Adjustments and MVAs. Gains to-date are not credited on Lifetime Income Withdrawals or to withdrawals in excess of the Free Withdrawal amount. Withdrawals may be automatically deposited into your bank account on a monthly, quarterly, semiannual or annual basis. The contract waives Withdrawal Charges, Premium Bonus Vesting Adjustments and the MVA, if applicable, on Required Minimum Distributions attributable to your contract. For any amount withdrawn in excess of the Free Withdrawal amount or the RMD attributable to your contract, the following Withdrawal Charge Schedule will apply.

Market Value Adjustment (MVA)
The MVA applies to withdrawals greater than the Free Withdrawal amount and may increase or decrease the amount you receive. For more information, please see the Additional Information insert.

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