Rate and Form Update for Athene Protector
Effective January 29, 2021
We’re increasing new money rates for the Athene Protector 5- and 7-year S&P 500® Crediting Strategies. At the same time, we’re reducing the Minimum Interest Credit for the Athene Protector 7-year product written in California. In addition to the usual marketing material updates, we’re also updating Certificates of Disclosure (CODs) for applications written in California.
Rate changes will be effective with a contract date on or after January 29, 2021. The contract effective date is the date the contract has been deemed in good order and all funds received. While we cannot reissue contracts, any pending business will receive the new rates if the contract date is on or after the rate change effective date.
Rate grids with current and new rates can be found below. You can also visit Athene Connect for additional product information or to run an illustration.
Material and form updates
We’ve updated marketing materials and CODs for Athene Protector. They will be available as follows:
- Revised marketing materials: Available on Athene Connect beginning January 29, 2021.
- Revised CODs (Ver. 01/21) for applications written in CA: Available on Athene Connect beginning February 13, 2021 and should be used immediately. Applications with an outdated or missing COD received after market close (3 p.m. CT) on February 26, 2021 will be considered “not in good order.”
Be sure to use up-to-date materials when offering Athene annuities. You may experience slight processing delays on any print orders in the days before or after a rate change effective date.
Athene ProtectorSM 7 Crediting Rates
Download our Product Guide for rates and state approvals.
- Most states: Form 42004
- Idaho and Oregon: Form 42013
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Athene Protector 7
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|---|---|---|---|
| Crediting Strategy | Current | New | |
| 1-Year No Cap PTP1 – BNP (Par Rate) | 75% | No Change | |
| 1-Year No Cap PTP1 – S&P 500® Daily Risk Control 5%TM Index TR (Total Return) (Par Rate) | 60% | 70% | |
| 1-Year No Cap PTP1,2 – Nasdaq FC (Par Rate) | 45% | No Change | |
| 1-Year No Cap PTP1 – AI Powered US Equity (Par Rate) | 60% | No Change | |
| 1-Year PTP – S&P 500® (Cap) | 4.00% | 4.25% | |
| Bailout Cap Rate | 3.00% | No Change | |
| Fixed | 1.65% | No Change | |
| Minimum Interest Credit | Most States | 10% | No Change |
| CA | 10% | 4% | |
1 Because the index applies a volatility control mechanism, the range of both the positive and negative performance of the index is limited.
2 The Index features a performance control mechanism that limits its maximum growth potential within any given month. Consumers may therefore forego part of the growth of the Index if it rises beyond this limit within a month.
Athene ProtectorSM 5 Crediting Rates
Download our Product Guide for rates and state approvals.
- Most states: Form 42003
- Idaho and Oregon: Form 42012
Athene Protector 5 | |||
|---|---|---|---|
| Crediting Strategy | Current | New | |
| 1-Year No Cap PTP1 – BNP (Par Rate) | 70% | No Change | |
| 1-Year No Cap PTP1 – S&P 500® Daily Risk Control 5%TM Index TR (Total Return) (Par Rate) | 55% | 65% | |
| 1-Year No Cap PTP1,2 – Nasdaq FC (Par Rate) | 42% | No Change | |
| 1-Year No Cap PTP1 – AI Powered US Equity (Par Rate) | 57% | No Change | |
| 1-Year PTP – S&P 500® (Cap) | 3.75% | 4.00% | |
| Bailout Cap Rate | 3.00% | No Change | |
| Fixed | 1.45% | No Change | |
| Minimum Interest Credit | 7.50% | No Change | |
1 Because the index applies a volatility control mechanism, the range of both the positive and negative performance of the index is limited.
2 The Index features a performance control mechanism that limits its maximum growth potential within any given month. Consumers may therefore forego part of the growth of the Index if it rises beyond this limit within a month.