Company Information
Company Name
Athene Life
Product Name
Athene Life Max Rate 7
Description
The Max Rate 7 is a flexible premium, fixed annuity with a seven-year rate guarantee. Initial funds receive the seven year rate lock, but additional funds can be added at the declared one-year rate guarantee. At the end of the seven-year term, the full accumulated value is transferred into the one-year fixed strategy and all funds are completely liquid.
Lower rates are available on deposits between $10K-$99.9K. Some yearly crediting rates are state-specific and can be slightly lower. There are no surrender charges at passing.
AM Best Rating
A+
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
Int / Int
Rate
5.05%
Term
7 Years
Minimum Investment
$ 100,000
Maximum Investment
$2,000,000 without prior approval
Maximum Age
83
Surrender Schedule
10%, 10%, 10%, 10%, 10%, 10%, 10%, 0%
What We Like About This Annuity
This is a competitive longer term 7 year annuity with an A+ rated company. Interest withdrawals are allowed in all years and higher maximums are accepted. No automatic renewal at the end of the seven-year term!
Notable Features
At no additional cost, this annuity includes both a confinement and terminal illness waiver. If certain qualifications are met under these riders, the entire account can be withdrawn penalty free with no surrender charges.
Other Popular Products
Athene might be best known for their fixed-indexed annuity offerings. These innovative products can provide lifetime income, double for long term care expenses, while also providing high premium bonuses and returns.
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About Athene Life
Headquartered in West Des Moines, IA , Athene Holding Ltd. is a leading retirement insurance carrier that issues, acquires, and reinsures life and annuity contracts. They boast an impressive A+ rating with AM Best and over $330 billion under management.
They are part of Apollo, a well-known global asset manager. They strive to do more for their policyholders by offering innovative retirement solutions in the life and annuity marketplace.