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Athene MaxRate® 7 Multi-Year Guarantee Annuity (MYGA) Review

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5.3% Annual Rate

  • 7 Years Surrender Fee Period (Duration).
  • Penalty Free Withdrawals Available
  • Rate Differs in the Following States: AK (5.25%); CA (5.25%); CT (5.25%); DE (5.25%); HI (5.25%); ID (5.25%); MD (5.25%); MN (5.25%); MO (5.25%); NJ (5.25%); NV (5.25%); OH (5.25%); OK (5.25%); OR (5.25%); PA (5.25%); SC (5.25%); TX (5.25%); UT (5.25%); WA (5.25%). Non-adjusted Rate 5.3%.
  • Above rate applies to premiums greater than $100,000
  • Rate effective as of March 27, 2026 and are subject to change.
  • Compound Interest
  • No Stock Market Exposure
  • E-Application Available
  • No Loads, Fees, or Sales Charges
  • Not Available in the Following States: NY
  • Maximum Age at Issue (Purchase) is 83
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+ Frequently Asked Questions About This Annuity

Q: Does the interest compound? A: Yes.

Q: Is the interest taxed? A: Your annuity grows tax deferred. This maximizes your growth potential because you are not taxed on your earnings until you withdraw money from your annuity. If your money is not already in a pre-tax account such as an IRA or 401k, this is an advantage over a bank CD where each year your interest is taxed each year. Under current tax law, the Internal Revenue Code already provides tax deferral to qualified money, so there is no additional tax benefit obtained by funding a qualified contract, such as an IRA, with an annuity; consider the other benefits provided by an annuity, such as lifetime income and a Death Benefit.

Q: Are there any fees? A: No, there are no sales charges or ongoing maintenance fees.

Q: Is it FDIC insured? A: No. FDIC insurance is only for bank deposits. Fixed annuities are guaranteed by the issuing insurance company.

Q: How do I access my money? A: You can withdraw up an amount equal to the interest rate multiplied by the accumulated value as of the prior anniversary of the policy each year. Withdrawals and surrender of taxable amounts are subject to ordinary income tax, and except under certain circumstances, will be subject to an IRS penalty if taken prior to age 59.5

Q: What are the early surrender charges? A: The early surrender charges only apply to withdrawals which are greater than the penalty free amount. If surrender charges apply, they start at 10% and decline to 0% after the 7th year. The schedule is 10%, 10%, 10%, 10%, 10%, 10%, 10%, 0%. In some states, these surrender charges are different. Check page 7 of the brochure for more information.

Q: If I withdraw more than the penalty-free amount, will a Market Value Adjustment (MVA) be applied? A: Yes. The MVA applies only to the portion of a surrender or withdrawal exceeding the free withdrawal amount. This adjustment is in addition to any applicable withdrawal charge. An MVA can either decrease or increase the amount received from a surrender or excess withdrawal. You can read more about market value adjustments here.

Q: What happens after the rate guarantee period? A: Once the 7 year period is up you may surrender at any time without surrender charges or market value adjustments.

Q: What happens to the money in my account if I die? A: Your beneficiaries will receive the full account value.

Q: How do I apply? A: Start your annuity application by calling 866-866-1999 or click "Get a Free Quote" in the center of this page for a detailed illustration.

Q: What is the minimum premium I need to pay? A: $100,000.

Q: Are there any age restrictions? A: Yes, you can purchase this annuity up to age 85.

Q: In which states is the MaxRate® 7 annuity available? A: The MaxRate® 7 annuity is not available in all states. Call 866-866-1999 to find out if it's available in your state.

Athene MaxRate® MYG (09/15) or state variations issued by Athene Annuity and Life Company, West Des Moines, IA. Product features, limitations and availability vary; see the Certificates of Disclosure for details. Products not available in all states.

Guarantees provided by annuities are subject to the financial strength and claims-paying ability of the issuing insurance company.