A percentage, called the Participation Rate, is applied to the growth of the benchmark index or indices to determine the Interest Earnings.
However, the dollar amount of this reduction will not be less than the deduction from the Accumulation Value. Withdrawals and surrender may be subject to federal and state income tax and, except under certain circumstances, will be subject to an IRS penalty if taken prior to age 59½.
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BCA 2.0 offers a unique growth opportunity for your retirement savings. Flex Growth offers Income Base growth that is the greater of a daily rate that is equivalent to 4.5% annual compound interest or the net of 200% of BCA 2.0 Interest Earnings, if any, minus the Annual Strategy Charge, if applicable. For more information, please contact your insurance professional to see the Additional Information Insert. This product is not available in *** *** *** *** *** *** *** *** ***. ATHENE ANNUITES ARE PRODUCTS OF THE INSURANCE INDUSTRY AND NOT GUARANTEED BY ANY BANK NOR INSURED BY FDIC OR NCUA/NCUSIF. After Lifetime Income Withdrawals have commenced, withdrawals up to the Lifetime Income Withdrawal amount will reduce the Income Base by the dollar amount of the withdrawal, while withdrawals in excess of the Lifetime Income Withdrawal amount will reduce the Income Base and future Lifetime Income Withdrawals by the same percentage that the Accumulation Value is reduced for the withdrawal.
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The BAV is not available upon Surrender or at the Annuity Date, nor is it the basis for the Free Withdrawal amount. ** * (* - *) * */**, *****: Fixed indexed annuities are not stock market investments and do not directly participate in any stock or equity investments or index. Confinement and Terminal Illness Waivers – After the first contract anniversary, you can withdraw up to 100% of your annuity‘s value if you, as the Owner, are diagnosed with a Terminal Illness or an illness or serious injury necessitates a stay of 60 consecutive days or more at a Qualified Care Facility. A Withdrawal Charge and any applicable Premium Bonus Vesting Adjustments or MVAs will not be applied to the death benefit paid. After annuitization, payments will be consistent with the Settlement Option selected. Put our product grids, detail and tools on your website instantly! Under certain circumstances, spousal beneficiaries may be able to continue the contract. 2 The Free Withdrawal amount is 5% of the Accumulation Value in the first year and 10% of the Accumulation Value for all remaining years. The Death Benefit will be the greater of the contract‘s Cash Surrender Value or the Balanced Allocation Value. endstream endobj 97 0 obj <>>> endobj 98 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 99 0 obj <>stream Gains to-date are not credited on Lifetime Income Withdrawals or to withdrawals in excess of the Free Withdrawal amount. © 2020 Athene USA.
Any applicable Withdrawal Charges, MVA or Premium Bonus Vesting Adjustments will be waived. This material is a general description intended for general public use. Products not available in all states. Withdrawal Charges may vary by state. A specific Strategy Option may not be available for the life of the contract. Taxes may apply. ***** ***** ***** ****** *** **** * ***** ***** ***** ***** ****** *** **** * *****, Systematic withdrawals are ***** ** *** ****** ****
Interest Earnings, if any, are credited to the Income Base until the earlier of Lifetime Income Withdrawals beginning or the 10th contract anniversary (or up to the 18th anniversary if the Income Base growth is extended). �i�y>v��c���B,Q��Z�%d��/��8��D(x�'F!B�3�y(�h�=G.
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** product details for annuity professionals. If you begin Lifetime Income Withdrawals before the end of a two-year term, interest, if any, will be credited pro rata to the Income Base. Free Withdrawals – The Free Withdrawal amount is 5% of the Accumulation Value in the first year and 10% of the Accumulation Value for all remaining years. ** ******** ** ******** ***** ********* ******* ** * ******** ***, ***** * ******* ** ******** ***** ********* ******* ** * ******** ***. * = *** ******* **-**** ******** ******** ******** ****** **** ** *** *** ****** *** ********* ** ********** ** ********* ** ******** ********* ****, **** *.
Balanced Allocation Lifetime Income Rider (BALIR) – The BALIR is an optional rider that must be elected at contract issue and is available for an annual Income Rider Charge. Negative index performance during any term will not reduce the value of your annuity. On the 10th contract anniversary, you may elect to extend Income Base growth up to the 18th contract anniversary.
For optional rider charges, the amount is also deducted monthly from the Minimum Guaranteed Contract Value in some states. All rights reserved. [,�!EI������i�I��i����`,��F�#Qiܧ�)�H���b!��3��)!cƙ��X &D���e_2O�X�̋�=`R�^�|�ú�I��;�y1� 3 Charges may include Annual Strategy Charges, optional rider charges, Withdrawal Charges, Premium Bonus Vesting Adjustments and MVAs, if applicable. The Income Base is not an amount that has a cash value or surrender value that can be paid out partially or in a lump sum.
In MA, the Confinement Waiver is not available. *** ******* *** *** * ***** ******** ********** ******** ****** ** ********** *** ** ******** ********** *** ********** ****** ******. Withdrawals may also be subject to Withdrawal Charges, Premium Bonus Vesting Adjustments or MVAs, if applicable. In exchange for your premium, the insurance company provides the opportunity for growth based in part on the performance of underlying indices within a larger strategy while protecting your money from downside market risk.
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The MVA does not apply to Free Withdrawals, RMDs or payments made under the Confinement and Terminal Illness waivers. *** ****** ***** ********** (***) ******* **** ******* ****** *** ********** ****** ****** ** *********** ** ****** ** *** ********'* **** ********** ******. The Cash Surrender Value is equal to the greatest of: If you surrender the contract before the end of the Withdrawal Charge period, you may receive less than your original premium. The MIC, if applicable, is a one-time credit that will be applied to the Accumulation Value at the end of the Withdrawal Charge period.