P7
● Terminated
Plus 70/50 Benefit
Athene Annuity & Life Assurance Company
DTCC ID
—
COMPANY
Athene Annuity & Life Assurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Plus 70/50 Benefit
Internal benefit name
Plus 70/50 Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
—
Closed date
Mar 31, 2009
DTCC Rider ID
—
Last modified
Sep 14, 2010
Life & Age
Based on life
Owner (or Annuitant if owner is a natural entity)
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Optional
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Withdrawals will reduce benefit base by dollar-for-dollar amount.
Required min distributions
Contact Issuer for details.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of owner or annuitant, Issuer will add 70% of excess amount (50% if owner ages between 70 to 75) to any death benefit payable under contract. Excess of Additional Death Benefit Ending Value over Additional Death Benefit Base Value may not exceed - 1) 70% (50% if owner ages between 70 to 75) of Total Adjusted Purchase Payments. Additional Death Benefit Base Value is equal to Total Adjusted Purchase Payments. Please see prospectus for details.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
Only at contract issue.
Effect change ownership
Issuer will recalculate benefit amount upon change in ownership.