CUSIP Number:
04685L602
CUSIP Name:
10 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The Athene Ascent Pro 10 Bonus is a single premium deferred annuity with a market value adjustment. The minimum single premium is $10,000 ($5,000 in AK, CT, HI, MN, NJ, OR, PA, UT and WA) for qualified and non-qualified money. 10% of the accumulated value is available in the first contract year without a withdrawal charge or market value adjustment. After the first contract year, the free withdrawal amount is equal to 10% of the accumulated value as of the contract anniversary of the first day of that contract year. Surrender charges are ten years in duration for most states and are waived in the event of death, confinement, or diagnosis of a terminal illness. The Athene Ascent is a required Income Rider available for an extra charge that offers Lifetime Income Withdrawals. There is a premium bonus vesting schedule that applies only to surrenders and withdrawals in excess of the free withdrawal amount. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. Guarantees based on claims paying ability of insurer. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC.
Last Modified:
10 Oct 2025 06:12