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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.25%
7-Year
6.00%
10-Year
5.80%

Athene Velocity FER

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Highlights

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.
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
Type
Fixed Index
Purpose Lifetime Income & Legacy
Premium Bonus
8%
Term
10 Years
Surrender schedule
9.6%9.2%8.2%7.2%6.2%5.2%4.2%3.1%2.1%1%
Free withdrawal
10%
Market value adjustment
Return of premium
Launch date
03/25/2019
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
Brochure
Open brochure

Find out if the Athene Velocity FER is the right product for you.

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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 For any amount withdrawn in excess of the Free Withdrawal amount or the RMD attributable to your contract, the following Withdrawal Charge Schedule will apply.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.

Return of Charge (ROC)
If you do not take any withdrawals, including a full surrender, that are subject to a Withdrawal Charge, the Cash Surrender Value of your contract after the Withdrawal Charge period will never be less than the premium paid plus any applicable Premium Bonus, adjusted for withdrawals. This means that your premium and any bonus will be returned to you, even if Annual Strategy Charges and optional rider charges are greater than the interest earnings credited to your account. 

Allocation Accounts

Name Type Rates
2-Year Shiller Barclays CAPE Allocator 6 PTP Participation Rate
Point to Point
Biennial
195% Participation
2-Year Shiller Barclays CAPE Allocator 6 PTP Participation Rate
Point to Point
Biennial
240% Participation
2-Year Citi Grandmaster PTP Participation Rate
Point to Point
Biennial
275% Participation
2-Year Citi Grandmaster PTP Participation Rate
Point to Point
Biennial
340% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
55% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
68% Participation
2-Year Shiller Barclays Global PTP Participation Rate
Point to Point
Biennial
240% Participation
2-Year Shiller Barclays Global PTP Participation Rate
Point to Point
Biennial
195% Participation
2-Year Merrill Lynch RPM PTP Participation Rate
Point to Point
Biennial
205% Participation
2-Year Merrill Lynch RPM PTP Participation Rate
Point to Point
Biennial
255% Participation
2-Year WisdomTree Siegel Strategic Value PTP Participation Rate
Point to Point
Biennial
195% Participation
2-Year WisdomTree Siegel Strategic Value PTP Participation Rate
Point to Point
Biennial
240% 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%

Riders

Name Inbuilt Fee
Athene Velocity Income Rider w/FER Yes
Velocity FER Death Benefit No 0.85% annually
Velocity FER Max Death Benefit No 0.85% annually

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.

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