FE
● Active
Family Endowment Rider (FER)
Athene Annuity and Life Company
DTCC ID
—
COMPANY
Athene Annuity and Life Company
TYPE
Indexed Annuity
INCEPTION
—
Identity
Benefit name
Family Endowment Rider (FER)
Internal benefit name
Family Endowment Rider (FER)
Company
Product policy type
Indexed Annuity
Status
● Active
Sequence
2
Inception date
—
Closed date
—
DTCC Rider ID
—
Last modified
Jan 14, 2019
Life & Age
Based on life
Owner
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
—
Partial withdrawals
Reduces the benefit base on a dollar-for-dollar basis for the first 5% of accumulation value withdrawals. Excess withdrawals will reduce the benefit base proportionally.
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
No
State Availability
Exception flag
No
Available in states
—
Benefit Description
The Family Endowment Rider is an optional death benefit rider which offers an enhanced death benefit that grows every day at an annual rate for the longer of 8 years or to age 85. It guarantees the amount paid to the beneficiaries will be the higher of the contract’s death benefit or enhanced death benefit amount. The Rider benefit amount shall be equal to the premium accumulated at an effective annual interest rate of 4 percent until the maximum age or the date the Contract is terminated, whichever occurs first. Rider also offers 4% dollar-for-dollar withdrawals each year (with/without BALIR AGO) and 2% (with BALIR SGO Max or FGO). With the bonus, the rider is available for annuitant's maximum age 80 years.
Lifecycle Events
Termination
May not be terminated.
Available when added
At contract issue