ATHENE Benefit 10 Annuity - Annuity Educator
ATHENE Benefit 10SM Annuity
A single premium fixed indexed deferred annuity
A single premium fixed indexed deferred annuity is a long-term retirement savings product that can help protect you from outliving your money. It's a contract between you and an insurance company. In return for your money, or "premium", the insurance company agrees to provide certain benefits.
When you put money into an Athene fixed indexed deferred annuity, you create something that can grow over the years, and then, at a later time, can pay you an income for a period of time, even for a lifetime.
And since it's your money, we've made sure our annuities have many options so they can be customized for you, your family and your life.
Prepared On: Prepared For:
Prepared By:
January 4, 2016 Valued Client
David Novak CA
This is a hypothetical Illustration. An illustration is not intended to predict actual performance. Interest rates or values shown in the illustration are not guaranteed, except for those labeled as guaranteed.
Athene Annuity and Life Company 7700 Mills Civic Parkway West Des Moines, IA 50266-3862 Tel: 1-888-266-8489 (888-ANNUITY)
A Certificate of Disclosure and a Buyer's Guide to Fixed Indexed Deferred Annuities must accompany this illustration. If you have not received these documents, please request them from your financial professional.
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ATHENE Benefit 10SM Annuity
ATHENE Benefit 10 with Enhanced Benefits Rider
Achieving your retirement dreams means being prepared for life's twists and turns - including major life events you can't predict and are difficult to plan for. With its unique Enhanced Benefits Rider*, The ATHENE Benefit 10 fixed indexed annuity can help you get there.
Simply put, ATHENE Benefit 10 with Enhanced Benefits Rider offers you protection from loss due to market downturns and the potential for taxdeferred growth while you save for retirement**, plus two valuable benefits: Lifetime Income Withdrawals to help make sure you won't outlive your money... and a Rider Death Benefit that provides your beneficiaries with options if your money "outlives" you.
Both benefits in the Enhanced Benefits Rider are calculated from a single Benefit Base. The Benefit Base is used to determine rider benefits only. At issue, your Benefit Base will equal your premium. After your rider is issued, your Benefit Base will grow with annual interest credits, and be reduced by Withdrawals.
*The Enhanced Benefits Rider comes included with the ATHENE Benefit 10 product; therefore it must be purchased with the annuity. It is subject to an annual charge. The rider may be cancelled only after the tenth contract anniversary. Once cancelled it cannot be reinstated. Cancellation will result in a loss of features. Rider benefits not available in all states. **Under current tax law, the Internal Revenue Code already provides tax deferral to IRAs, so there is no additional tax benefit obtained by funding an IRA with an annuity. Consider the other benefits provided by an annuity, such as lifetime income and a Death Benefit.
What does this annuity illustration tell you?
About Annuity Illustrations
The hypothetical contract values are calculated based on historical index prices and assume the index will repeat historical performance and that the annuity's current non-guaranteed elements will not change. It is likely that the index will not repeat historical performance, the non-guaranteed elements will change, and actual values will be higher or lower than those in this illustration but will not be less than the minimum guarantees. The values in this illustration are not guarantees or even estimates of the amounts you can expect to receive.
Illustration Content
To help explain how this product works, this illustration shows annuity contract values under the following scenarios: guaranteed annuity contract values that show minimum values, nonguaranteed annuity contract values based on the historical index performance over the Specified Period and non-guaranteed annuity contract values based on the historical index performance of the most recent 10 years, all of which apply rates and rider charges that are current as of 01/04/2016.
This illustration also includes hypothetical annuity contract values using the following index return scenarios: the most recent 10years, the highest 10-year index movement out of the last 20 years, and the lowest 10-year index movement out of the last 20 years. See page 11 for specified time periods.
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ATHENE Benefit 10SM Annuity
Hypothetical Illustration
Assumed Issue Date: January 4, 2016
ATHENE Benefit 10 Annuity
A single premium fixed indexed deferred annuity
Owner/Annuitant: Age/Gender:
Valued Client 70/Male
Issue State: Tax Qualification: Initial Premium Amount:
California Qualified $100,000
The inputs selected in this hypothetical illustration are listed below. All rates shown below are current as of the Assumed Issue Date of this illustration and are subject to change.
Illustration Explanation
ATHENE Benefit 10 Annuity with 6% initial Premium Bonus
Strategy Option
Allocation Percentage
1-Year Monthly Cap Index Strategy (S&P 500)
100%
Additional Benefits:
Enhanced Benefits Rider
Annual Rider Charge Rate: 1.40% Income Option for Lifetime Income Withdrawals: Level Lifetime Income Withdrawal Type: Single Annuitant's age at first Income Withdrawal: 96 Lifetime Income Withdrawal amount: $4,384.53 (Annual)
Product Details
Current Rate
1.80% cap
Minimum Guaranteed
Rate
0.25% cap
Current Participation
Rate
100.00%
Minimum Guaranteed Participation Rate
100.00%
Current Annual Spread
0.00%
Maximum Guaranteed Annual Spread
0.00%
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ATHENE Benefit 10SM Annuity
Hypothetical Illustration
Assumed Issue Date: January 4, 2016
Here's a view of Guaranteed Annuity Contract Values
The Assumed Interest Rate does not reflect charges. However, charges are reflected in the Accumulated Value.
Annual Assumed Interest Rate: 0.00%
This hypothetical illustration is based on the allocation percentages and rates that are current as of the Assumed Issue Date of this illustration. This hypothetical illustration is based on an Initial Premium Amount of $100,000 and a Premium Bonus of $6,000.
Year Ending
Beginning of Year Age
01/2017
70
01/2018
71
01/2019
72
01/2020
73
01/2021
74
01/2022
75
01/2023
76
01/2024
77
01/2025
78
01/2026
79
01/2027
80
01/2028
81
01/2029
82
01/2030
83
01/2031
84
01/2032
85
01/2033
86
01/2034
87
01/2035
88
01/2036
89
01/2037
90
01/2038
91
01/2039
92
01/2040
93
01/2041
94
End of Year Age
71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95
Withdrawals
End of Year Guaranteed Annuity Contract Values
RMD Withdrawals1
$3,869 $3,801 $3,730 $3,655 $3,575 $3,815 $3,726 $3,614 $3,515 $3,394 $3,706 $3,570 $3,429 $3,283 $3,133 $3,526 $3,336 $3,144 $2,949 $2,752 $3,200 $2,951 $2,702 $2,453 $2,177
Lifetime Income Withdrawals
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Cumulative Withdrawals
$3,869 $7,670 $11,400 $15,054 $18,630 $22,445 $26,171 $29,785 $33,300 $36,694 $40,400 $43,970 $47,399 $50,683 $53,815 $57,341 $60,677 $63,821 $66,770 $69,522 $72,721 $75,673 $78,375 $80,828 $83,005
Benefit Base
$103,131 $106,059 $108,793 $111,340 $113,711 $115,591 $117,295 $118,849 $120,248 $121,523 $120,982 $120,392 $119,765 $119,112 $115,979 $112,453 $109,117 $105,973 $103,024 $100,272 $97,073 $94,121 $91,419 $88,966 $86,789
Accumulated Value
$100,731 $95,486 $90,272 $85,094 $87,370 $81,963 $76,619 $71,363 $66,184 $69,306 $63,898 $58,635 $53,520 $48,560 $52,185 $47,035 $42,125 $37,454 $33,021 $36,478 $31,875 $27,564 $23,544 $19,812 $22,995
Minimum Guaranteed
Contract Value
$83,106 $78,692 $74,264 $69,829 $65,393 $60,640 $55,902 $51,205 $46,538 $41,926 $36,937 $32,043 $27,249 $22,561 $17,986 $13,017 $8,237 $3,648
$0 $0 $0 $0 $0 $0 $0
Cash Surrender
Value2
$83,626 $79,481 $75,120 $71,584 $74,285 $70,443 $67,412 $64,248 $60,943 $65,906 $63,898 $58,635 $53,520 $48,560 $52,185 $47,035 $42,125 $37,454 $33,021 $36,478 $31,875 $27,564 $23,544 $19,812 $22,995
Death Benefit
$100,731 $95,486 $90,272 $85,094 $87,370 $81,963 $82,106 $83,194 $84,174 $85,066 $84,688 $84,275 $83,836 $83,378 $81,185 $78,717 $76,382 $74,181 $72,117 $70,191 $67,951 $65,885 $63,993 $62,276 $60,752
1Please see page 16 for information regarding RMD calculations. 2Cash Surrender Value (CSV) does not include applicable Market Value Adjustments (MVA). See possible implications of MVA on your CSV on page 15.
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ATHENE Benefit 10SM Annuity
Hypothetical Illustration
Assumed Issue Date: January 4, 2016
Here's a view of Guaranteed Annuity Contract Values (continued)
The Assumed Interest Rate does not reflect charges. However, charges are reflected in the Accumulated Value.
Annual Assumed Interest Rate: 0.00%
This hypothetical illustration is based on the allocation percentages and rates that are current as of the Assumed Issue Date of this illustration. This hypothetical illustration is based on an Initial Premium Amount of $100,000 and a Premium Bonus of $6,000.
Withdrawals
End of Year Guaranteed Annuity Contract Values
Year Ending
Beginning of Year Age
End of Year Age
RMD Withdrawals1
Lifetime Income Withdrawals
01/2042
95
96
$2,674
$0
What Happens on my Contract's Annuity Date?
Cumulative Withdrawals
$85,679
Benefit Base
$84,115
Accumulated Value
$19,106
Minimum Guaranteed
Contract Value
$0
Cash Surrender
Value2
$19,106
Death Benefit
$58,881
On the Contract's Annuity Date, you can elect a guaranteed stream of income that will last as long as your retirement. There are a variety of income options available to meet your needs.
As illustrated, this Contract would annuitize on 01/2042. This illustration includes the Enhanced Benefits Rider, however on the Contract's Annuity Date, Lifetime Income Withdrawals have not been elected. At this time, you have several options available to you in determining which stream of income you would like to elect. Based upon the Guaranteed Annuity Contract Values above, if Lifetime Income Withdrawals are elected as of the Contract's Annuity Date, you would receive the amount shown below:
Guaranteed Annual Lifetime Income Withdrawal: $5,207
1Please see page 16 for information regarding RMD calculations. 2Cash Surrender Value (CSV) does not include applicable Market Value Adjustments (MVA). See possible implications of MVA on your CSV on page 15.
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ATHENE Benefit 10SM Annuity
Hypothetical Illustration
Assumed Issue Date: January 4, 2016
Here's a view of Non-Guaranteed Annuity Contract Values
Specified Period: The Assumed Interest Rate does not reflect charges. However, charges are reflected in the Accumulated Value.
Annual Assumed Interest Rate: 2.81%
This hypothetical illustration is based on the allocation percentages and rates that are current as of the Assumed Issue Date of this illustration. This hypothetical illustration is based on an Initial Premium Amount of $100,000 and a Premium Bonus of $6,000
Withdrawals
End of Year Non-Guaranteed Annuity Contract Values
Year Ending
01/2017 01/2018 01/2019 01/2020 01/2021 01/2022 01/2023 01/2024 01/2025 01/2026 01/2027 01/2028 01/2029 01/2030 01/2031 01/2032 01/2033 01/2034 01/2035 01/2036 01/2037 01/2038 01/2039 01/2040 01/2041
Beginning of Year Age
70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94
End of Year Age
71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95
RMD Withdrawals1
$3,869 $3,914 $3,956 $3,995 $4,031 $4,063 $4,092 $4,097 $4,118 $4,113 $4,102 $4,085 $4,062 $4,033 $3,998 $3,929 $3,854 $3,774 $3,686 $3,592 $3,458 $3,318 $3,169 $3,012 $2,814
Lifetime Income Withdrawals
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Cumulative Withdrawals
$3,869 $7,782 $11,738 $15,733 $19,764 $23,827 $27,919 $32,016 $36,134 $40,247 $44,349 $48,434 $52,496 $56,529 $60,527 $64,456 $68,311 $72,084 $75,771 $79,362 $82,820 $86,138 $89,307 $92,319 $95,133
Benefit Base
$103,131 $105,947 $108,447 $110,630 $112,498 $114,051 $115,291 $116,239 $116,880 $117,238 $116,124 $114,822 $113,338 $111,680 $107,682 $103,753 $99,898 $96,125 $92,438 $88,847 $85,388 $82,071 $78,902 $75,890 $73,076
Accumulated Value
$103,710 $101,267 $98,673 $95,933 $93,049 $90,026 $86,866 $83,596 $80,200 $76,704 $73,116 $69,460 $65,743 $61,970 $58,150 $54,347 $50,567 $46,816 $43,100 $39,425 $35,831 $32,324 $28,915 $25,610 $22,453
Cash Surrender
Value2
$86,099 $84,287 $82,106 $80,698 $79,120 $77,369 $76,426 $75,261 $73,849 $72,941 $73,116 $69,460 $65,743 $61,970 $58,150 $54,347 $50,567 $46,816 $43,100 $39,425 $35,831 $32,324 $28,915 $25,610 $22,453
Death Benefit
$103,710 $101,267 $98,673 $95,933 $93,049 $90,026 $86,866 $83,596 $81,816 $82,067 $81,287 $80,375 $79,337 $78,176 $75,377 $72,627 $69,929 $67,287 $64,707 $62,193 $59,772 $57,450 $55,231 $53,123 $51,153
1Please see page 16 for information regarding RMD calculations. 2Cash Surrender Value (CSV) does not include applicable Market Value Adjustments (MVA). See possible implications of MVA on your CSV on page 15.
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ATHENE Benefit 10SM Annuity
Hypothetical Illustration
Assumed Issue Date: January 4, 2016
Here's a view of Non-Guaranteed Annuity Contract Values (continued)
Specified Period: The Assumed Interest Rate does not reflect charges. However, charges are reflected in the Accumulated Value.
Annual Assumed Interest Rate: 2.81%
This hypothetical illustration is based on the allocation percentages and rates that are current as of the Assumed Issue Date of this illustration. This hypothetical illustration is based on an Initial Premium Amount of $100,000 and a Premium Bonus of $6,000
Withdrawals
End of Year Non-Guaranteed Annuity Contract Values
Year Ending
Beginning of Year Age
End of Year Age
RMD Withdrawals1
Lifetime Income Withdrawals
01/2042
95
96
$2,611
$0
What Happens on my Contract's Annuity Date?
Cumulative Withdrawals
$97,744
Benefit Base
$70,465
Accumulated Value
$19,450
Cash Surrender
Value2
$19,450
Death Benefit
$49,325
On the Contract's Annuity Date, you can elect a non-guaranteed stream of income that will last as long as your retirement. There are a variety of income options available to meet your needs.
As illustrated, this Contract would annuitize on 01/2042. This illustration includes the Enhanced Benefits Rider, however on the Contract's Annuity Date, Lifetime Income Withdrawals have not been elected. At this time, you have several options available to you in determining which stream of income you would like to elect. Based upon the Non-Guaranteed Annuity Contract Values above, if Lifetime Income Withdrawals are elected as of the Contract's Annuity Date, you would receive the amount shown below:
Non-Guaranteed Annual Lifetime Income Withdrawal: $4,385
1Please see page 16 for information regarding RMD calculations. 2Cash Surrender Value (CSV) does not include applicable Market Value Adjustments (MVA). See possible implications of MVA on your CSV on page 15.
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ATHENE Benefit 10SM Annuity
Hypothetical Illustration
Assumed Issue Date: January 4, 2016
Here's a view of Non-Guaranteed Annuity Contract Values
Annual Assumed Interest Rate: 3.07%
Geometric mean of the most recent 10 years: The Assumed Interest Rate does not reflect charges. However, charges are reflected in the Accumulated Value.
This hypothetical illustration is based on the allocation percentages and rates that are current as of the Assumed Issue Date of this illustration. This hypothetical illustration is based on an Initial Premium Amount of $100,000 and a Premium Bonus of $6,000.
Withdrawals
End of Year Non-Guaranteed Annuity Contract Values
Year Ending
01/2017 01/2018 01/2019 01/2020 01/2021 01/2022 01/2023 01/2024 01/2025 01/2026 01/2027 01/2028 01/2029 01/2030 01/2031 01/2032 01/2033 01/2034 01/2035 01/2036 01/2037 01/2038 01/2039 01/2040 01/2041
Beginning of Year Age
70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94
End of Year Age
71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95
RMD Withdrawals1
$3,869 $3,924 $3,978 $4,028 $4,076 $4,121 $4,163 $4,181 $4,216 $4,224 $4,228 $4,225 $4,217 $4,204 $4,185 $4,130 $4,070 $4,004 $3,932 $3,852 $3,731 $3,603 $3,466 $3,320 $3,129
Lifetime Income Withdrawals
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Cumulative Withdrawals
$3,869 $7,793 $11,770 $15,799 $19,875 $23,996 $28,159 $32,340 $36,556 $40,781 $45,008 $49,234 $53,451 $57,655 $61,840 $65,970 $70,040 $74,045 $77,977 $81,829 $85,560 $89,163 $92,628 $95,948 $99,077
Benefit Base
$103,131 $105,936 $108,413 $110,561 $112,379 $113,867 $115,024 $115,871 $116,392 $116,608 $115,342 $113,866 $112,187 $110,310 $106,126 $101,995 $97,925 $93,921 $89,989 $86,137 $82,405 $78,803 $75,337 $72,018 $68,889
Accumulated Value
$103,993 $101,825 $99,498 $97,014 $94,375 $91,585 $88,646 $85,582 $82,377 $79,058 $75,631 $72,118 $68,526 $64,860 $61,127 $57,392 $53,660 $49,936 $46,226 $42,536 $38,908 $35,349 $31,868 $28,474 $25,213
Cash Surrender
Value2
$86,334 $84,751 $82,791 $81,607 $80,247 $78,709 $77,992 $77,049 $75,854 $75,180 $75,631 $72,118 $68,526 $64,860 $61,127 $57,392 $53,660 $49,936 $46,226 $42,536 $38,908 $35,349 $31,868 $28,474 $25,213
Death Benefit
$103,993 $101,825 $99,498 $97,014 $94,375 $91,585 $88,646 $85,582 $82,377 $81,626 $80,739 $79,706 $78,531 $77,217 $74,288 $71,397 $68,548 $65,744 $62,992 $60,296 $57,684 $55,162 $52,736 $50,412 $48,222
1Please see page 16 for information regarding RMD calculations. 2Cash Surrender Value (CSV) does not include applicable Market Value Adjustments (MVA). See possible implications of MVA on your CSV on page 15.
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