Ascent Accumulator 7

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Athene IA Ascent Accumulator 7 is a single-premium, fixed indexed annuity that offers a 7-year surrender charge duration and a provision for Market Value Adjustments. The Ascent Accumulator 7 also has a unique feature called the Minimum Interest Credit. If at the end of withdrawal charge duration all the interest credited to the annuity owner’s accumulated value is below the specified minimum interest credit, then the company gives a one-off interest credit to seal the difference.

As of May 2017, this annuity is not available in VI, PR, and NY.

Accent Accumulator 7 Facts

Issue Ages

The issue age is 0-83 years in most states

Minimum and Maximum Premiums

With the Accumulator 7 annuity, the minimum single premium amount is $5,000, and the maximum is $1,000,000.

Annuitization

Annuitization must be prior to the investor’s 95th birthday. Investors who are nearing the age of 95 years are advised to talk to a reputable annuity expert so they can discuss their options.

Withdrawal Provisions

  • Free withdrawals on up to 10% of the accumulated contract value each year.
  • Systematic withdrawals available on a monthly, quarterly, half-yearly and yearly frequency.
  • Minimum account value is $5,000.

Terminal Illness Waiver

(not available in CA as of May 2017)

If the annuitant is diagnosed with a terminal ailment that’s expected to cause death within 12 months, any time after the first contract year, they’re allowed access to 100% of their accumulated value.

Nursing Home Waiver

(not available in CA and MA)

After the contract year, if the annuitant is confined to a nursing home for at least 60 days, they’re allowed access to 100% of their total accumulated value.

Death Benefit

The death benefit is paid out to appointed beneficiaries of the annuitant, upon his or her death.

Free of Charge Handholding from Annuity Broker

Fixed indexed annuities such as the Athene Ascent Accumulator 7 and the Ascent Accumulator 5 can be a complicated lot for most ordinary folks. There are dozens, potentially even hundreds, of considerations to make. Our skilled annuity specialists can help guide you to the right choice based on your precise needs. Get in touch with Annuity Broker via our contact page.

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