ATHENE Performance Elite 10 and ATHENE Performance Elite Plus 10

Product Overview

ATHENE Performance Elite 10 and ATHENE Performance Elite 10 Plus are 10 year, single premium fixed index annuities with a choice of three interest crediting accounts and a premium bonus that is credited immediately. The client can place any percentage of their premium in one or more of these accounts without restrictions. The products combine highly competitive caps with some of the most flexible liquidity features available in the industry.

Products At A Glance

Issue Ages: 0-80 Qualified & Non-Qualified (Maximum issue age of 76 in IN)
Minimum Premium: $25,000
Maximum Premium: $1,000,000
(Larger amounts considered with company approval)
Interest Rate Options: Fixed account that has a 1 year guarantee period, with annual renewals each year thereafter

Monthly additive indexed account linked to the S&P 500®

Annual point-to-point indexed account linked to the S&P 500®
Contract Term Period: 10 Years
Contract Year: 1 2 3 4 5 6 7 8 9 10 11+
Withdrawal Charge(most states): 12% 12% 11% 10% 9% 8% 7% 6% 4% 2% 0%
Withdrawal Charge(Florida): 10% 10% 10% 10% 9% 8% 7% 6% 4% 2% 0%
Bonus Recapture: 100% 100% 100% 100% 100% 100% 80% 60% 40% 20% 0%
Market Value Adjustment:
(State variations may apply)

Applied to a full surrender or partial withdrawal made anytime during the first 10 contract years. Does not apply:

  • Under free withdrawal privileges
  • To withdrawals after the first 10 contract years
  • To certain annuitization options
  • To a death benefit paid to a designated beneficiary

The amount of the MVA, positive or negative, will not be greater than the amount of the withdrawal charge. In addition, the MVA will not reduce the cash surrender value to an amount less than 87.5% of premium paid, less any premium taxes, less any withdrawals; plus interest earned at the nonforteiture rate.

Withdrawal Charge
10% Free
Confinement* (not available in MA)
Terminal Illness*
Income Options:

After the second contract year (first contract year in Florida), you may elect one of several income options that provide guaranteed annuity payments. These options are:

  • Life: Guarantees income for as long as you live.
  • Fixed Period**: Pays income for a specified number of years.
  • Life with Fixed Period: Pays a stream of income for life with a specified number of years of guaranteed income payments.
ATHENE Performance Elite 10 ATHENE Performance Elite 10 Plus
Premium Bonus: 5% 10%
Annual Contract Charge: n/a 0.85%
Additonal 10% Free Withdrawal*: n/a

Up to 20% of Accumulation Value, as of previous anniversary, may be withdrawn if withdrawals were not taken in prior contract year, minus values subject to Bonus Recapture.

Return of Premium Benefit: n/a

After the third contract year, the Cash Surrender Value will never be less than the total premiums minus premium taxes(if applicable) and withdrawals.

Enhanced Income Option(Annuitization): n/a

We will waive any Withdrawal Charges(and MVA), if one of the following options is elected after the 7th contract year:

  • A Life or Life with Fixed Period Income Payment Option is chosen, or
  • A Fixed Period Payment Option with period of seven years or longer is chosen.

* Withdrawals prior to age 591/2 may be subject to a 10% IRS penalty.

** Fixed periods are not available in Years 3-5 and Fixed Periods of less than 10 years are not available in years 6-10.

Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); and these trademarks have been licensed for
use by S&P Dow Jones Indices LLC. S&P Marks are trademarks of S&P and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates and
sublicensed for certain purposes by Athene Annuity & Life Assurance Company. The S&P 500 is a product of S&P Dow Jones Indices LLC and has been
licensed for use by Athene Annuity. ATHENE Performance Elite is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones,
S&P, or their respective affiliates, and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, their respective affiliates make any representation regarding the
advisability of investing in such product(s).