Wednesday, August 15, 2012

Athene Ohio Product Changes

 

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Athene Annuity & Life Assurance Company

 

As the result of the new Annuity Nonforfeiture regulation adopted in Ohio, the ATHENE Enhanced Choice 12sm fixed index annuity will no longer be available for sale in Ohio effective October 1, 2012.

 

Our ATHENE Choice 10sm FIA is being replaced, also effective Oct. 1, with a version that has been modified to comply with the new regulation. The new Choice 10 product will feature the same competitive caps but with reduced surrender charges and a modified commission schedule.

 

To be accepted for processing, complete application packages for Enhanced Choice 12 or the current version of Choice 10 submitted by Ohio producers must be received in good order in our service center according to the following schedule:

Transfers and 1035 exchanges: August 31, 2012
Cash with app: September 28, 2012

 

Complete information on our revised Choice 10 product will be available for Ohio producers shortly. Our Enhanced Choice 8sm FIA and income riders are not affected by this change.

 

Please contact our Sales Desk at 855-4-ATHENE if you have questions or require additional information. We value your business and look forward to serving you.

 

 

Athene Annuity

This e-mail was sent to: JESSE@SCHAEFERFINANCIALGROUP.COM



This e-mail was sent by: Athene Annuity & Life Assurance Company
2000 Wade Hampton Blvd.
Greenville, SC, 29615, USA

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