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Athene MYG 7

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Athene MYG annuities are designed to help meet your long-term accumulation and retirement needs. They include a Withdrawal Charge period. If you withdraw more money than the free amount allowed by your contract, or if you surrender your annuity before the Withdrawal Charge period ends, a Withdrawal Charge will be applied.

Premium Limits
You can purchase an Athene MYG annuity with an Initial Premium of $5,000 – $2 million. Larger amounts considered with company approval. After you purchase your annuity you can continue to add money to it. Additional premium can be added until the maturity date. For the additional premiums, there is a minimum contribution of $1,000, and the maximum 12 month contribution is $100,000. Payments can be made monthly.

Free Withdrawals
Athene MYG annuities provide annual Free Withdrawal privileges beginning in the first Contract Year. Each Contract Year, you can withdraw up to 10% of your annuity’s Accumulated Value (as of the most recent Contract Anniversary) without incurring a Withdrawal Charge. Required minimum distributions (RMDs) are IRS mandatory withdrawals from tax-qualified contracts such as IRAs. With Athene MYG annuities, RMDs are considered part of your annual Free Withdrawal, even if they exceed your Free Withdrawal amount.

Market Value Adjustment
During the Withdrawal Charge period, a Market Value Adjustment (MVA) will be applied to any Excess Withdrawal — in other words, the portion of a surrender or withdrawal that exceeds the Free Withdrawal amount. This adjustment is in addition to any Withdrawal Charge amount. It does not apply to Free Withdrawals, RMDs, payments made in settlement of your annuity’s Death Benefit, or to Confinement and Terminal Illness waivers.

Principal protection
As long as you keep your annuity for the Withdrawal Charge period, your principal and the interest you earn are guaranteed

Return of Premium
The optional Return of Premium benefit provides you with protection from unpredictable circumstances in exchange for lower interest crediting rates. Choosing this benefit allows you to surrender your annuity at any time during the Withdrawal Charge period and receive your Initial Premium plus any Additional Premium, less any prior Net Withdrawals. The Return of Premium benefit is not available after the Withdrawal Charge period has elapsed.
Death Benefit
Your beneficiary will receive your annuity’s full Accumulated Value or Minimum Guaranteed Contract Value, whichever is greater. The Death Benefit will be paid as long as you haven’t annuitized your contract. After annuitization, payment will be made consistent with the settlement option you chose.

ROP Death Benefit
During the Surrender Charge Period on the MYG ROP product variation, the Death Benefit equals the full Accumulated Value, Minimum Guaranteed Contract Value, or Return of Premium, whichever is greater.  After annuitization, payment will be made consistent with the settlement option you chose. 

MYGA Interest Rates

Annual percentage yield (APY)
earned over the investment term
7 years 4.95%

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