Athene Life Max Rate 5
Current Fixed Rates Bands
The Athene Max Rate 5 is a flexible premium, fixed annuity with a five-year rate guarantee. Initial funds receive the five-year rate lock, but additional funds can be added at a declared one-year rate guarantee.
At the end of the five-year term, owners can withdraw, transfer, or reinvest their full account value. If no action is taken, the full accumulated value is transferred into the one-year fixed strategy, and all funds are completely liquid and surrender-free. This policy includes an MVA (Market Value Adjustment) feature.
Lower rates are available on deposits between $10K-$99.9K. Free accumulated interest withdrawals are available every year, and the policy is RMD-friendly for IRA accounts. There are no surrender charges upon passing.
*Interest rates are state-specific and can be slightly lower in certain states.
More Annuity options from: Athene Life
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 If certain qualifications are met under these riders, the entire account can be withdrawn penalty-free with no surrender charges. This policy accepts several types of qualified accounts, including traditional IRA, Roth, 401k, 403b, SEP, Spousal IRA, Profit Sharing, and Pension funds.
*Rates in AK, CA, CT, DE, HI, ID, MD, MN, MO, NJ, NV, OH, OK, OR, PA, SC, TX, UT & WA are .o5% lower on both rate bands.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
5 Years
Free Withdrawals Yr1 / Yr2+
Interest / Interest
Surrender Schedule
10%, 10%, 10%, 10%, 10%, 0%
Maximum Age
83
Minimum Investment
$100,000
Maximum Investment
$2,000,000
What We Like About This Annuity
This is a competitive 5-year annuity with an A+ rated company. Interest withdrawals are allowed in all years, and higher maximums are accepted. The contract does not automatically renew at the end of the three-year term. It remains completely liquid and has a one-year declared rate.
Other Popular Products
Athene is well-known for the multitude of annuity products they provide. Their fixed-indexed annuities (with and without premium bonuses) are very popular. They also offer competitive immediate annuities for income, RILAs, and Structured Settlement accounts. Their innovative products provide competitive lifetime income, can double payouts for long term care expenses, offer large upfront bonuses, and strong and steady growth opportunities with no downside market risk.
About Athene Life
Athene Life
AM Best Rating: A+ Superior (2nd of 13 ratings)
https://www.athene.com/
About Athene Annuity & Life Company
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, a Comdex score of 88, and A+ ratings with both Fitch and Standard and Poor’s.
They are part of the Apollo Group, a well-known global asset manager. With over $447 billion under management and $1.7 billion in excess capital, Athene is well capitalized to serve their existing client base.
They strive to do more for their policyholders by offering innovative retirement solutions in the fixed and indexed annuity marketplace.