Athene

2.15%
5 Year Term
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company Information

Company Name

Athene

product Name
Athene Max Rate 5 (State Specific)
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 yrs experience. Their products are sold through various marketing organizations and institutions.
am best rating
A Excellent (3rd of 13 ratings)
Product Type
MYGA
Product description

Fixed annuities are for conservative investors who want safety, security, and guarantees.

You will preserve your principal and earn a fixed rate of return.

You might hear fixed annuities also called CD-like annuities or multiple-year guarantee annuities (MYGA's).

If you are sensitive to loss and don't want to lose a penny, a fixed annuity might be a good fit for some of your savings.

Read our educational articles on fixed annuities to learn more.

Guaranteed Rate Lock Period:

The rate is locked for 60 days from the date of application. If the funds are received after that period the rate might be subject to change and will be the rate in effect at that time.

term
5 yrs
minimum investment
$ 10,000
maximum investment
$ 1,000,000
maximum age
83
withdrawal allowance
There is an opportunity each year to take a withdrawal of up to the interest credited that contract year penalty-free.

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*Please provide an investment amount before applying.

Guaranteed Returns

Choose an investment amount and we’ll show you how much you can earn.

$
Should be at least $10,000
The maximum investment is $1,000,000
The field is required.
YEARRATEEARNINGSCUMULATIVE EARNINGSBALANCE
12.00%$ ?$ ?$ ?
22.00%$ ?$ ?$ ?
32.00%$ ?$ ?$ ?
42.00%$ ?$ ?$ ?
52.00%$ ?$ ?$ ?
Total$ ?$ ?$ ?

Enter an investment amount to calculate your earnings and account balance over the life of the contract.

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
9.3%
2
8.4%
3
7.5%
4
6.6%
5
5.7%
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

fitch ratingA Strong (6th of 21 ratings)
S&P ratingA+ Strong (5th of 21 ratings)
phone number(888) 266-8489
Product brochure
agent
commission
1.1-2.0%. We are paid from the insurance company general fund. It is not deducted from your account value. 100% of your money is working for you from day one. We could earn a higher commission based on sales volume and taking a more active role in the application process.
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Rate Effective DateAugust 20th 2021
premium TypeFlexible Premium Annuity
account TypePersonal, Traditional IRA, Roth IRA, SEP-IRA, SIMPLE-IRA, 403(b).
Not available inThis product is only available in the following states.(AK, CA, CT, DE, HI, ID, MD, MN, MO, NJ, NV, OH, OK, OR, PA, SC, TX, UT, WA)
options at
maturity

At the end of your contract term, you have 30 calendar days to choose from the following options.

1. Withdrawal any amount free of charges and fees.
2. If you do nothing, the contract will be reset to a one year fixed strategy. The company will declare a Renewal Interest Rate on each Contract Anniversary for the next Contract Year. Your annuities full accumlulated value will be available free of charges.

death benefit provisionIf you pass away before the end of your annuity contract, your beneficiaries will receive the accumulated policy value. This value will include all interest you have earned and be passed without any charges or fees.
taxesAnnuities typically grow tax-deferred. If you withdrawal money that has never been taxed, withdrawals are 100% taxable. Non-qualified withdrawals have been taxed already, so only interest is taxed. This is called an exclusion ratio. Interest would be taxed, but the principal would not. Please work with a qualified specialist.
surrender schedule
9.3%, 8.4%, 7.5%, 6.6%, 5.7%
free-look period20 Days
RMDYes
market value adjustmentYes
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