It’s Baaack!

With yesterday’s rate increase, Athene’s AscentPro Bonus has reentered the guaranteed income space!!  We’ve now, based on the last two increases, recaptured all but 10bps of the payout factor cut from early last year!  We don’t win in every age and deferral period – but I’ve seen enough green on our internal heat maps to know we are very competitive again. A refresh on the features of AP:

• 20% IAV bonus
• Income anytime
• 10% free withdrawals starting day one
• 1 year age banding on payout factors
• 3% premium bonus
• 3 ways to take income – level, inflation adjusted and participating
• Doubler for confinement (check state for availability)
• Competitive crediting strategies

Elsewhere, based on LIMRA’s recently released Q1 data -Athene maintained its number one ranking as the top provider of FIA’s in the industry!  And to make it even better – S&P increased it’s rating on Athene to A+ as well. Like all of you, we haven’t slowed down!