Athene Velocity FER
Highlights
- 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 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).
|
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.
Withdrawal Provisions
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 For any amount withdrawn in excess of the Free Withdrawal amount or the RMD attributable to your contract, the following Withdrawal Charge Schedule will apply.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
|
185%
Participation
|
| 2-Year Shiller Barclays CAPE Allocator 6 PTP Participation Rate |
Point to Point
Biennial
|
230%
Participation
|
| 2-Year Citi Grandmaster PTP Participation Rate |
Point to Point
Biennial
|
260%
Participation
|
| 2-Year Citi Grandmaster PTP Participation Rate |
Point to Point
Biennial
|
325%
Participation
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
52%
Participation
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
65%
Participation
|
| 2-Year Shiller Barclays Global PTP Participation Rate |
Point to Point
Biennial
|
230%
Participation
|
| 2-Year Shiller Barclays Global PTP Participation Rate |
Point to Point
Biennial
|
185%
Participation
|
| 2-Year Merrill Lynch RPM PTP Participation Rate |
Point to Point
Biennial
|
195%
Participation
|
| 2-Year Merrill Lynch RPM PTP Participation Rate |
Point to Point
Biennial
|
245%
Participation
|
| 2-Year WisdomTree Siegel Strategic Value PTP Participation Rate |
Point to Point
Biennial
|
185%
Participation
|
| 2-Year WisdomTree Siegel Strategic Value PTP Participation Rate |
Point to Point
Biennial
|
230%
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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