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company Information

Company Name

Athene

product Name
velocity.pdf
Description
Athene is one of the fastest growing sellers of indexed annuities in the United States. They want to be a leader in the fixed annuity marketplace. They want an efficient business model that provides a strong capital base for their policyowners. Athene feels they have an entrepreneurial spirit and are led by a management team with over 165 years experience. Their products are sold through various marketing organizations and institutions.
Product Type
Index annuities are for conservative investors who like safety. They were introduced in 1995 to compete with bank CDs. Index annuities are fixed annuities that deliver fixed income type of returns. They don’t have the upside or downside of the market. They compete with bonds, CDs, and other safer investments. They allow you to capture some of the growth of a market index while having 100% downside protection. Returns are linked to a positive performance in an external index. You are not directly participating in the market. You are watching the market, and a formula decides how much gain of the index you receive.
Product description

Athene Velocity

term
10 Years
minimum investment
$ 0
maximum investment
$ 78
maximum age
You can withdraw up to 10% of the account balance penalty-free per year.
withdrawal allowance
Withdrawals are Permitted

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Surrender Charge Schedule

Surrender charges are a penalty charged to early withdrawals of annuity contract. They are a percentage of the withdrawal amount, decrease over time, and go to zero when the term ends.

percentage charged to withdrawal

Year
Percentage
1
9.6%
2
9.2%
3
8.2%
4
7.2%
5
6.2%
6
5.2%
7
4.2%
8
3.1%
9
2.1%
10
1%
market-value adjustment (MVA)

A market value adjustment is basically an additional charge or credit for taking money out early from an annuity.

They allow companies to pay a higher rate and make longer-term investments.

MVAs only affect you if you withdraw funds early. If you own the contract to maturity, they do not apply.

other Information

moody’s ratingA Strong (6th of 21 ratings)
fitch ratingA Strong (6th of 21 ratings)
S&P ratingAthene Velocity
Product brochure
agent
commission
1,000.00
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premium TypeAgility 7 Agility 10 Ascent Pro 10 Bonus Performance Elite 7 Performance Elite 7 Plus FEE Performance Elite 10 Performance Elite 10 Plus *FEE* Performance Elite 15 Performance Elite 15 Plus Fee BCA 6 2.0 BCA 8 2.0 BCA 10 2.0 BCA 12 2.0 Athene Velocity
account Type2-6%
death benefit provision(866) 949-1077
taxesathene.com
surrender schedule
9.6%, 9.2%, 8.2%, 7.2%, 6.2%, 5.2%, 4.2%, 3.1%, 2.1%, 1%
free-look period• Merrill Lynch RPM Index • S&P 500 • Shiller Barclays CAPE US Index • Shiller Barclays Global Index • WisdomTree Siegel Strategic Value Index
RMDNo Fees
market value adjustmentNo
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