Rate Update for Athene MaxRate® Effective 11/07/20

 

Rate update for Athene MaxRate®

Effective November 7, 2020

We’re adjusting new money rates on Athene MaxRate products.

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.

 

Application deadlines

In order to receive current rates:

  • The application must be signed on or before November 6, 2020 and received at Athene* by market close (3 p.m. CT) on November 20, 2020. For electronic applications submitted on AnnuityNet or Affirm (where no sign date was provided), the application signed date is the date the electronic order is submitted to your back office for final review.
  • The contract must be in good order, suitability review complete (if applicable) and all funds received at Athene* by market close (3 p.m. CT) on December 22, 2020.

 

* Please Note: Athene’s rate lock period begins on the rate change effective date. If you submit applications through your firm’s back office, please allow for additional processing time in order to meet the deadlines listed above.

 

Revised materials will be available on Athene Connect beginning November 7, 2020. 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 MaxRate® Crediting Rates

Download our Product Guide for rates and state approvals.

Multi-Year and 1-Year Fixed Strategy*

 

Most States

AK, CA, CT, DE, HI, ID, MD, MN, MO, NJ, NV, OH, OK, OR, PA, SC, TX, UT & WA

Product Term

Premium Band

Current

New

Current

New

3-Year

High Band:
$100,000+

1.60%

1.45%

1.60%

1.45%

Low Band:
Up to $100,000

1.45%

1.30%

1.45%

1.30%

5-Year

High Band:
$100,000+

2.20%

2.05%

2.15%

2.00%

Low Band:
Up to $100,000

2.05%

1.90%

2.00%

1.85%

7-Year

High Band:
$100,000+

2.30%

2.15%

2.25%

2.10%

Low Band:
Up to $100,000

2.15%

2.00%

2.10%

1.95%

* The Multi-Year Fixed Strategy interest rate applies to the Initial Premium and the 1-Year Fixed Strategy interest rate applies to Additional Premium.

 

Rates are subject to change at any time.