ATHENE Performance Elite 10 and ATHENE Performance Elite 10 Plus are 10 year, single premium fixed index annuities with a choice of four 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
(Larger amounts considered with company approval)
|Interest Rate Options:||
|Index Information:||S&P 500
Lenwood Volatility Control Index
|Contract Term Period:||10 Years|
|Withdrawal Charge(most states):||12%||12%||11%||10%||9%||8%||7%||6%||4%||2%||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:
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.
|Income Options:||After the second contract year, you may elect one of several income options that provide guaranteed annuity payments. These options are:
|ATHENE Performance Elite 10||ATHENE Performance Elite 10 Plus|
|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|Additonal 10% Free Withdrawal*:||n/a||Up to 20% of Accumulation Value, as of previous anniversary, may be withdrawn if withdrawals were not taken in prior contract year, minus values subject to Bonus Recapture.|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 fourth 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:
* 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).
Index Methodologies, LLC (“IM”) owns all rights to the Lenwood Volatility Control Index™, including the index methodology that enables the Lenwood Volatility
Control Index™. IM developed and maintains, and is solely responsible for, the methodology used by the Lenwood Volatility Control Index™. IM does not sponsor,
endorse, promote or sell any annuity contract that provides or attempts to provide a return based on returns of the Lenwood Volatility Control Index™. Any
decision to purchase such an annuity contract should not be made in reliance on any statements set forth herein, but rather should only be made after carefully
considering the risks detailed in the materials prepared by or on behalf of the issuer of such contract or product. “Lenwood Volatility Control Index™”
and “Index Methodologies™” are trademarks of Index Methodologies, LLC.
FOR PRODUCER USE ONLY. NOT TO BE USED WITH THE OFFER OR SALE OF ANNUITIES.