Athene Ascent Pro 7
Athene Annuity and Life Company
6.75%
Best Cap
10%
Free W/D
50
States
Athene Ascent Pro is a fixed indexed annuity that lets you grow your savings tax-deferred with stock market upside and downside protection, then convert to a guaranteed lifetime income stream. It's designed for retirees or near-retirees who want both growth potential and income certainty.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$5,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| AI Powered Global Opportunities Index | 2-Year | -- | 155% | -- |
| AI Powered Global Opportunities Index | Annual | -- | 115% | -- |
| AI Powered US Equity Index | 2-Year | -- | 180% | -- |
| AI Powered US Equity Index | Annual | -- | 135% | -- |
| BNP Paribas Multi Asset Diversified 5 Index | 2-Year | -- | 230% | -- |
| BNP Paribas Multi Asset Diversified 5 Index | Annual | -- | 170% | -- |
| Nasdaq FC Index | 2-Year | -- | 150% | -- |
| Nasdaq FC Index | Annual | -- | 100% | -- |
| S&P 500 FC TCA 0.50% Decrement Index (USD) ER | 2-Year | -- | 105% | -- |
| S&P 500 FC TCA 0.50% Decrement Index (USD) ER | Annual | -- | 75% | -- |
| S&P 500 Index | Annual | 6.75% | 100% | -- |
| UBS Innovative Balanced Index | 2-Year | -- | 155% | -- |
| UBS Innovative Balanced Index | Annual | -- | 115% | -- |
| Fixed Account | Daily | -- | -- | 3.7% |
Key Features
Guaranteed Income Rider
10% simple interest guaranteed on Income Base for up to 20 yearsBuilt-in income rider allows you to create a guaranteed stream of income lasting your entire lifetime. The amount increases the longer you wait to start payments.
Index-Linked Growth
Interest credits locked in annually; cannot be lost to market declinesEarn interest based in part on the upward movement of a stock market index with a guaranteed floor of 0%—you never lose gains to market downturns.
Fixed Strategy Option
Declared rate varies yearly; provides guaranteed baseline returnsChoose a guaranteed fixed interest rate declared annually by Athene for stability.
Free Withdrawals
10% annual free withdrawal limitAccess 10% of your Accumulated Value each contract year without withdrawal charges or market value adjustments.
Minimum Premium & Flexibility
$10,000 minimum (varies by state)Start with as little as $10,000 (varies by state) up to $1,000,000. Reallocate funds between strategies at the end of each interest crediting period.
Enhanced Income Benefit
Up to 60 months of increased payments; not long-term care insuranceTemporarily increase income if confined to a qualified care facility or unable to perform two of six Activities of Daily Living for 90 of last 125 days.
Confinement & Terminal Illness Waivers
100% free withdrawal; not available in all statesWithdraw 100% of Accumulated Value penalty-free if confined to qualified care facility or diagnosed with terminal illness.
Death Benefit
Full value or MGCV, whichever is greaterBeneficiary receives the greater of Accumulated Value or Minimum Guaranteed Contract Value.
Tax Deferral
Tax-deferred until withdrawalGrowth accumulates tax-deferred; you pay taxes only when you withdraw money.
RMD-Friendly
RMDs exempt from withdrawal charges and market value adjustmentsRequired Minimum Distributions treated as free withdrawals; do not trigger excess withdrawal penalties or reduce future income payments.
Highlights
Guaranteed lifetime income that can increase the longer you wait to start payments
Growth potential linked to stock market index performance with downside protection—you never earn less than 0%
Tax-deferred accumulation phase followed by guaranteed income phase that lasts for life
Flexible withdrawal options with 10% annual free withdrawals and waivers for long-term care or terminal illness
Backed by A+ financial strength ratings from S&P, Fitch, and A.M. Best
Surrender Schedule
Yr 1
8%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Retirees or near-retirees (typically age 50+) who want to grow savings with stock market upside, protect from downside risk, and eventually convert to guaranteed lifetime income without outliving their money.
Consider Alternatives If
Investors needing liquidity within 7 years, those seeking high-risk growth or direct stock market exposure, or individuals with short life expectancies who won't benefit from lifetime income guarantees.
Carrier Ratings
Free Comparison Report
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From the AdvisorWorld.com Community