Athene IA Ascent Accumulator 5 is a single-premium, fixed indexed annuity that offers a 5-year surrender charge duration and a provision for Market Value Adjustments. Like most other of Athene’s fixed indexed annuities, Ascent Accumulator 5 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 Athene IA gives a one-off interest credit to seal the difference.
This annuity was not available in VI, PR, and NY as of May 2017.
Ascent Accumulator 5 Annuity Facts
Issue Ages
On average, the issue age is 0-85 years.
Minimum and Maximum Premiums
The Ascent Accumulator 5 is a single-premium annuity with a minimum acceptable premium amount of $5,000, and a maximum allowed premium of $1,000,000.
Annuitization
Annuitization must be prior to the investor’s 95th birthday. If you’re nearing the age of 95 years, it’s recommended that you talk to an annuity investment expert to discuss options.
Withdrawal Provisions
- Free withdrawals on up to 10% of the accumulated contract value.
- Systematic withdrawals available on a monthly, quarterly, half-yearly and yearly frequency.
- Minimum allowable 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 5 can be a complicated lot for most ordinary folks. There are dozens, potentially even hundreds, of considerations to make. And while most of the information we provide on each annuity product available in the United States is generic and as accurate as possible, state variations are often the case. Our skilled annuity specialists can help you make the right choice based on your current circumstances. Get in touch with one of our pros via our contact page.
