Rate Update: Athene Ascent Pro Series

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Rate Update: Athene Ascent Pro Series

Rate update for Athene AscentSM Pro

Effective April 4, 2020

Athene is adjusting new money rates and Payout Factors on Athene Ascent Pro.  Rate grids with current and new rates can be found below.  You can also visit Athene Connect for additional product information or to run an illustration.

Application deadlines (Revised — Please read!)

In order to receive current rates:

  • The application must be signed on or before April 3, 2020 and received at Athene* by market close (3 p.m. CT) on April 17, 2020. For applications submitted on AnnuityNet or Affirm (where no sign date was provided), the application signed date is the date the electronic order is submitted to your back office for final review.
  • The contract must be in good order, suitability review complete (if applicable) and all funds received at Athene* by market close (3 p.m. CT) on May 19, 2020.

Athene AscentSM Pro 7 Crediting Rates

Download our Product Guide for rates and state approvals:

Athene Ascent Pro 7

Strategy Crediting Rates Current New
2-Year No Cap PTP1 – BNP (Par Rate) 95% 70%
1-Year No Cap PTP1 – BNP (Par Rate) 65% 50%
2-Year No Cap PTP1, 2 – Nasdaq FC (Par Rate) 60% 45%
1-Year No Cap PTP1, 2 – Nasdaq FC (Par Rate) 45% 30%
2-Year No Cap PTP1 – AI Powered US Equity (Par Rate) 70% 55%
1-Year No Cap PTP1 – AI Powered US Equity (Par Rate) 50% 40%
2-Year PTP – S&P 500® (Cap) 40% 35%
2-Year PTP – S&P 500® (Cap) 3.00% 2.50%
Bailout Cap Rate 1.00% No Change
Fixed 1.35% 0.95%
Minimum Interest Credit 7% 1%
1 Because the index applies a volatility control mechanism, the range of both the positive and negative performance of the index is limited.
2 The Index features a performance control mechanism that limits its maximum growth potential within any given month. Consumers may therefore forego part of the growth of the Index if it rises beyond this limit within a month.

Athene AscentSM Pro 7 Payout Factors

Download a detailed view of our Lifetime Income Withdrawal Percentages:

Athene Ascent Pro 7 Single Life1
Lifetime Income Withdrawal Percentages

Level2
(Current & Guaranteed)
Earnings Indexed2
(Current & Guaranteed)
Inflation2,3
(Guaranteed)
Attained Age: Current New Current New Current New
50-54 3.40% 3.15% 2.80% 2.65% 1.53% 1.41%
55-59 3.40%+ 3.15%+ 2.80%+ 2.65%+ 1.53%+ 1.41%+
60-64 3.90%+ 3.65%+ 3.30%+ 3.15%+ 1.75%+ 1.64%+
65-69 4.40%+ 4.15%+ 3.80%+ 3.65%+ 1.98%+ 1.86%+
70-74 4.90%+ 4.65%+ 4.30%+ 4.15%+ 2.20%+ 2.09%+
75-79 5.40%+ 5.15%+ 4.80%+ 4.65%+ 2.43%+ 2.31%+
80-84 5.90%+ 5.65%+ 5.30%+ 5.15%+ 2.65%+ 2.54%+
85-89 6.40%+ 6.15%+ 5.80%+ 5.65%+ 2.88%+ 2.76%+
90 6.90% 6.65% 6.30% 6.15% 3.10% 2.99%
1 Subtract 0.5% from the Single Life withdrawal percentage to determine the current Joint Life withdrawal percentage.
2 Beginning at age 55, the Lifetime Income Withdrawal Percentage will increase by 0.1% each year for the Level and Earnings Indexed options. Beginning at age 55, the Lifetime Income Withdrawal Percentage will increase by 0.045% each year for the Inflation option.
3 Guaranteed rates may be lower than current rates. Please contact the Company for current rates when your customer wants to elect income.

Athene AscentSM Pro 10 Crediting Rates

Download our Product Guide for rates and state approvals:

Athene Ascent Pro 10

Strategy Crediting Rates Current New
2-Year No Cap PTP1 – BNP (Par Rate) 105% 80%
1-Year No Cap PTP1 – BNP (Par Rate) 70% 55%
2-Year No Cap PTP1, 2 – Nasdaq FC (Par Rate) 65% 60%
1-Year No Cap PTP1, 2 – Nasdaq FC (Par Rate) 50% 40%
2-Year No Cap PTP1 – AI Powered US Equity (Par Rate) 75% 65%
1-Year No Cap PTP1 – AI Powered US Equity (Par Rate) 55% 50%
2-Year PTP – S&P 500® (Cap) 45% 40%
2-Year PTP – S&P 500® (Cap) 3.25% 3.00%
Bailout Cap Rate 1.00% No Change
Fixed 1.60% 1.10%
Minimum Interest Credit 10% 1%
1 Because the index applies a volatility control mechanism, the range of both the positive and negative performance of the index is limited.
2 The Index features a performance control mechanism that limits its maximum growth potential within any given month. Consumers may therefore forego part of the growth of the Index if it rises beyond this limit within a month.

Athene AscentSM Pro 10 Payout Factors

Download a detailed view of our Lifetime Income Withdrawal Percentages:

Athene Ascent Pro 10 Single Life1
Lifetime Income Withdrawal Percentages

Level2
(Current & Guaranteed)
Earnings Indexed2
(Current & Guaranteed)
Inflation2,3
(Guaranteed)
Attained Age: Current New Current New Current New
50-54 3.40% 3.15% 2.80% 2.65% 1.53% 1.41%
55-59 3.40%+ 3.15%+ 2.80%+ 2.65%+ 1.53%+ 1.41%+
60-64 3.90%+ 3.65%+ 3.30%+ 3.15%+ 1.75%+ 1.64%+
65-69 4.40%+ 4.15%+ 3.80%+ 3.65%+ 1.98%+ 1.86%+
70-74 4.90%+ 4.65%+ 4.30%+ 4.15%+ 2.20%+ 2.09%+
75-79 5.40%+ 5.15%+ 4.80%+ 4.65%+ 2.43%+ 2.31%+
80-84 5.90%+ 5.65%+ 5.30%+ 5.15%+ 2.65%+ 2.54%+
85-89 6.40%+ 6.15%+ 5.80%+ 5.65%+ 2.88%+ 2.76%+
90 6.90% 6.65% 6.30% 6.15% 3.10% 2.99%
1 Subtract 0.5% from the Single Life withdrawal percentage to determine the current Joint Life withdrawal percentage.
2 Beginning at age 55, the Lifetime Income Withdrawal Percentage will increase by 0.1% each year for the Level and Earnings Indexed options. Beginning at age 55, the Lifetime Income Withdrawal Percentage will increase by 0.045% each year for the Inflation option.
3 Guaranteed rates may be lower than current rates. Please contact the Company for current rates when your customer wants to elect income.

Athene AscentSM Pro 10 Bonus Crediting Rates

Download our Product Guide for rates and state approvals:

Athene Ascent Pro 10 Bonus

Strategy Crediting Rates Current New
2-Year No Cap PTP1 – BNP (Par Rate) 70% 60%
1-Year No Cap PTP1 – BNP (Par Rate) 50% 45%
2-Year No Cap PTP1, 2 – Nasdaq FC (Par Rate) 45% 40%
1-Year No Cap PTP1, 2 – Nasdaq FC (Par Rate) 35% 25%
2-Year No Cap PTP1 – AI Powered US Equity (Par Rate) 55% 50%
1-Year No Cap PTP1 – AI Powered US Equity (Par Rate) 40% 35%
1-Year No Cap PTP1 – S&P 500 Daily Risk Control 5%TMIndex TR (Total Return) (Par Rate) 30% No Change
1-Year PTP – S&P 500® (Cap) 2.25% No Change
Bailout Cap Rate 1.00% No Change
Fixed 0.90% 0.85%
Minimum Interest Credit 5% 1%
1 Because the index applies a volatility control mechanism, the range of both the positive and negative performance of the index is limited.
2 The Index features a performance control mechanism that limits its maximum growth potential within any given month. Consumers may therefore forego part of the growth of the Index if it rises beyond this limit within a month.

Athene AscentSM Pro 10 Bonus Income Base Bonus

Ascent Pro 10 Bonus Rider Option Income Base Bonus
Current New
All States Option 1 20% 10%
Option 2 15% 5%

 

 

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