Athene NY MYG 3
Highlights
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Premium Type
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Flexible Premium
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|---|---|
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Max age Qualified
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85
|
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Minimum Contribution
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$5,000
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Maximum Contribution
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$2,000,000
|
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Market value adjustment
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|
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Return of premium
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|
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Free withdrawal
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10% |
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Launch date
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03/06/2017 |
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Types of funds
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Non-Qualified, 401k, Profit Sharing, IRA, Spousal IRA, Pension, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, KEOGH, and IRA-Roth |
Brochure
|
Open brochure |
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 amounts 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 $10,000. Payments can be made monthly.
Issue Ages:
- Athene MYG 3 / MYG 3 ROP - 0-85
- Athene MYG 5 / MYG 5 ROP - 0-83
- Athene MYG 7 / MYG 7 ROP - 0-83
Athene MYG annuities provide annual Withdrawal with no withdrawal charge 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 Withdrawal with no withdrawal charge, even if they exceed your Withdrawal with no withdrawal charge amount.
Return of Premium
The Return of Premium Benefit value is the Initial Premium and any Additional Premiums, if applicable, minus all prior Net Withdrawals. Net withdrawals equals the Gross Amount withdrawn less Withdrawal Charges. The Return of Premium Benefit is only available on full surrender of the contract during the Withdrawal Charge Period.
Death Benefit
Your beneficiary will receive your annuity’s full Accumulated Value. 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.
Find out if the Athene NY MYG 3 is the right product for you.
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4.15% |
Riders
No Riders for Athene NY MYG 3 annuity.
Waivers
Terminal Illness
You can withdraw up to 100% of your annuity's Accumulated Value if you're diagnosed with a Terminal Illness that is expected to result in death within one year and you meet the eligibility requirements. This waiver is available after your first Contract Anniversary. You may not be diagnosed during the first contract Year. No withdrawal Charge will apply if you qualify for this benefit.
Confinement
After the first Contract Year, you can withdraw up to 100% of your annuity's Accumulated Value if you've been confined to a Qualified Care Facility for at least 60 consecutive days and meet the eligibility requirements. You cannot be confined at the time the contract is issue and confinement must begin at least one year after the Contract Date. No Withdrawal Charge will apply if you qualify for this benefit.
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