Athene Athene MaxRate 7 (w/ liquidity)
Product Overview
Basic Features
| Feature | Details |
|---|---|
| Product Name | Athene Athene MaxRate 7 (w/ liquidity) |
| Insurer | Athene Annuity & Life Assurance Company |
| Ratings |
|
| Agent/Broker | PlanEasy Inc. |
| Annuity Type | Multi-Year Guaranteed Annuity (MYGA) |
| Term | 7 Years |
| Current Rate for $100,000+ | 5.15% |
| Current Rate for $10,000 - $99,999 | 4.90% |
| Last Rate Change | 3/14/2025, -25bps |
| Interest Type | Compound Interest |
| State Availability | AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY |
| Free Withdrawals |
|
| Free RMDs | No |
| Death Benefit | Yes |
| MVA | Yes |
| Nursing Home Waiver | Yes |
| Terminal Illness Waiver | Yes |
| Surrender Charge by Year | 10.0%, 10.0%, 10.0%, 10.0%, 10.0%, 10.0%, 10.0% |
| Funding Sources | Personal Investment, Cash, Traditional IRA, Roth IRA, SIMPLE IRA |
| Terms Available | 3, 5, 7 Years |
| Age Restrictions | 0 to 83 Years Old |
Quick Summary
The Athene Athene MaxRate 7 (w/ liquidity) is a 7-year Multi-Year Guaranteed Annuity (MYGA) issued by Athene Annuity & Life Assurance Company and sold through PlanEasy Inc., a national online annuity agency.Earn a guaranteed compound interest rate on this fixed annuity:
- 5.15% for $100,000+
- 4.90% for $10,000 - $99,999
Key Details
- Ratings: Athene Annuity & Life Assurance Company is rated A+ by A.M. Best.
- Guaranteed Rates: 5.15% for premiums of $100,000+. 4.90% for premiums of $10,000 - $99,999. This fixed guaranteed rate ensures predictable tax-deferred growth, making it an excellent alternative to bank CDs.
- Term: The interest rate is guaranteed for 7 years with a surrender charge schedule of the same duration.
- Free Withdrawals: Yes, there is liquidity as the product allows for interest only in year 1 and interest only in year 2+ that do not incur any surrender charges.
- RMDs: No, RMDs are not free, unless part of any available free withdrawals.
- Age Eligibility: Available for owners between 0 to 83 years old.
- Minimum Premium: Investors can contribute a minimum of $10,000
- Death Benefit: Yes, the product has a traditional death benefit of the annuity's accumulation value, available to the beneficiary with no surrender charges.
- Market Value Adjustment (MVA): Yes, the MVA is applicable to any withdrawals that also incur surrender charges.
- Nursing Home Waiver: Yes, if the owner is confined to a nursing home per the definition in the contract, surrender charges and MVAs are waived.
- Terminal Illness Waiver: Yes, if the owner is terminally ill as defined in the contract, surrender charges and MVAs are waived.
Current & Historical 7-Year Rates
| Premium Band | Effective Date | Guaranteed 7-Year Yield to Surrender |
|---|---|---|
| $100,000+ | 3/14/2025 | 5.15% |
| 2/21/2025 | 5.40% | |
| 1/24/2025 | 5.30% | |
| 1/7/2025 | 5.20% | |
| $10,000 - $99,999 | 3/14/2025 | 4.90% |
| 2/21/2025 | 5.15% | |
| 1/24/2025 | 5.05% | |
| 1/7/2025 | 4.95% |
Available Terms & Current Rates
| Premium Band | Term | Guaranteed Yield to Surrender |
|---|---|---|
| $100,000+ | 3 | 4.85% |
| 5 | 5.15% | |
| 7 | ||
| $10,000 - $99,999 | 3 | 4.60% |
| 5 | 4.90% | |
| 7 |