Interest Rate Update
July 05, 2016
Effective July 9, 2016, we're adjusting Income Base Bonus Percentages and crediting rates on our Athene AscentSM Pro products as listed below. Income Withdrawal Percentages for all ages will also be adjusted. Download the updated income payout chart here.
Athene continues to maintain a competitive advantage in fixed and fixed indexed annuities with top-tier rates.
Application deadlines
- Applications with cash received in good order by Athene no later than 4 pm CT on July 8, 2016 will be issued as applied for.
- Non-cash applications (e.g. 1035 exchanges, IRA rollovers) received in good order by Athene no later than 4 pm CT on July 8, 2016 will be issued as applied for if funds are received no later than 4 pm CT on September 2, 2016.
- Applications received in good order after 4 pm CT on July 8, 2016 will be issued with the new rates.
Applications may be submitted electronically using the Document Upload Tool on Athene Connect. They can also be submitted by overnight mail to the following address:
Athene Annuity and Life Company
7700 Mills Civic Parkway
West Des Moines, IA 50266-3862
Athene Ascent Pro | Ascent 10 Bonus 2.0 | Ascent Pro 10 | ||
| Current | New | Current | New |
Income Base Bonus | 10% | 5% | 8% | 3% |
Athene Ascent Pro | Ascent Pro 5 | Ascent Pro 7 | Ascent Pro 10 | |||
| Current | New | Current | New | Current | New |
2-Year No Cap PTP – BNP (Par Rate) | 130% | 95% | 130% | 100% | 100% | 85% |
2-Year No Cap PTP – Morningstar® (Par Rate) | 100% | 70% | 100% | 75% | 70% | 65% |
1-Year No Cap PTP (Par Rate) | 90% | 65% | 90% | 70% | 65% | 60% |
1-Year PTP (Cap) | 5.25% | 4.00% | 5.25% | 4.25% | 3.75% | 3.50% |
Bailout Cap Rate | 3.00% | No Change | 3.00% | No Change | 1.00% | No Change |
1-Year Monthly Cap (Cap) | 2.20% | 1.75% | 2.20% | 1.85% | 1.75% | 1.65% |
Fixed | 2.15% | 1.50% | 2.15% | 1.65% | 1.60% | 1.35% |
Jesse Schaefer
Phone: (877)257.8246 ext 109
Fax: 320-257-8259
www.schaeferfinancialgroup.com
Annuity and Life Insurance Brokerage
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Training Video how to use Online Contracting
