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Fixed Indexed Annuity

Athene Aviator 5

Athene Annuity and Life Company

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9.5%

Best S&P 500 Annual Cap

10%

Free W/D

49

Available jurisdictions

Product data status: July 15, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Model this product

See what Athene Aviator 5 would do for you

Set your numbers and switch between growth, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer
Illustrative — live CANNEX rates as of July 15, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$309,222
Est. value at age 80 (Athene Aviator 5)
9.5%
Best S&P 500 1-yr point-to-point cap
S&P 500 Index — 9.5% Cap (Annual)
✦
How crediting works: the cap limits positive index returns; a down year credits 0%, never a loss. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies Athene Aviator 5's published cap rate (9.5% on S&P 500 Index) to a standard benchmark hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Not a projection, quote, or guarantee. Live CANNEX rates as of July 15, 2026.

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See how Athene Aviator 5 compares for your age, state, premium, and income goals alongside other Athene Annuity and Life Company fixed indexed annuity options.

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Live rate data

Run live numbers for Athene Aviator 5

Current rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Athene Annuity and Life Company product.

Live product data

Rates as of July 15, 2026, based on the latest AdvisorWorld scan of CANNEX data.

S&P 500 annual point-to-point cap

9.5% cap on S&P 500

An accumulation-focused fixed indexed annuity from an A+-rated carrier with an unusually short five-year surrender for the category, built around a recognizable S&P 500 annual point-to-point cap plus a wide participation-rate menu across three proprietary FC 7 indexes at three crediting terms.

1-year term5-year surrender$100,000+AdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers who want index-linked growth from a top-rated carrier but are not willing to commit to the seven- to ten-year lockup that most FIAs require, and who want both a recognizable S&P 500 cap and a broad participation-rate menu inside the same five-year contract.

AM Best

A+ Superior

Surrender period

5 years

Free withdrawal

10%/yr

Availability

49 jurisdictions (excl. California, New York)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

9.5% cap rate

Annual cap

1-year term · 5-year surrender · $100,000+

Rate varies by premium band.

S&P 500

S&P 500 Index

68% participation rate

Participation

5-year term · 5-year surrender · $100,000+

Rate varies by premium band.

Fixed Account

Fixed Account

3.9% declared rate

Fixed account

1-year term · 5-year surrender · $100,000+

Rate varies by premium band.

+ 24 additional crediting options (VT, Invesco QQQ, BofA Multi-Asset...)

Product analyst notes

How to think about this contract

Why it can stand out

  • Five-year surrender lockup is unusually short for a fixed indexed annuity — most FIAs on this site run seven to ten years. A buyer who wants index exposure but is not willing to commit a decade has a genuinely shorter path to full liquidity here.
  • Carrier strength is at the top of the scale for this category: Athene is rated A+ by A.M. Best, one notch above the A-rated carriers that dominate the FIA market on this site.
  • Crediting menu includes a recognizable S&P 500 annual point-to-point cap, so a buyer has at least one like-for-like comparison point against other FIAs rather than only proprietary participation strategies.
  • Participation-rate menu spans three proprietary FC 7 indexes (S&P 500 FC 7, Invesco QQQ FC 7, BofA Multi-Asset FC 7) at three crediting terms each (1-year, 2-year, 5-year), so a buyer who prefers participation-rate exposure has nine distinct combinations to weigh inside one contract.
  • Nursing-home and terminal-illness surrender waivers are both present, and the annual free-withdrawal allowance plus the full surrender ladder are visible directly on this page rather than gated behind a sales brochure.

What to confirm

  • There is no income rider on this contract — the API returns no income strategies and no GLWB. This is a pure accumulation product; a buyer who wants a contractually guaranteed lifetime withdrawal rate should look at a different filing, not at this page.
  • Most of the index options are proprietary volatility-controlled FC 7 indexes with shorter live-track histories than the S&P 500 itself. Their participation rates can look high in absolute terms but are not directly comparable to an S&P 500 cap — evaluate each index on its own merits before reading the participation number.
  • The longer-term participation strategies (2-year and 5-year crediting) only credit interest at the end of the term, not annually. A buyer comparing those participation rates to an annual S&P 500 cap should annualize the longer-term figure before treating them as equivalent.
  • Death benefit pays cash surrender value, not account value or a rolled-up income base — heirs receive what a buyer would receive on a non-penalty surrender, which can be materially lower than an account-value-based death benefit on a competing contract.
  • A market-value adjustment applies on amounts above the free-withdrawal allowance during the five-year surrender period. Even with the shorter lockup, early partial surrenders carry interest-rate sensitivity — confirm with the carrier how the MVA is computed before any planned partial surrender.

Not ideal for

Buyers who need a contractually guaranteed lifetime withdrawal rate from an income rider, want a plain MYGA-style declared rate with no index logic, need an account-value-based death benefit, or expect to take large partial surrenders inside the surrender period without market-value-adjustment exposure.

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See how Athene Aviator 5 compares for your age, state, premium, and income goals alongside other Athene Annuity and Life Company fixed indexed annuity options.

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All crediting strategies

View rate listings (30 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 120% · 1-yr

S&P 500 FC 7% VT TCA 0.50% Decrement Index (ER)(USD)

participation

5-yr surrender$100,000+

Par: 120% · 1-yr

Invesco QQQ FC 7 Index

participation

5-yr surrender$100,000+

Par: 120% · 1-yr

BofA Multi-Asset FC 7 Index

participation

5-yr surrender$100,000+

Par: 120% · 1-yr

Index not shown

unknown

5-yr surrender$100,000+

Cap: 9.5% · 1-yr

S&P 500 Index

cap

5-yr surrender$100,000+

Fixed: 3.9% · 1-yr

Fixed Account

fixed

5-yr surrender$100,000+

Par: 165% · 2-yr

S&P 500 FC 7% VT TCA 0.50% Decrement Index (ER)(USD)

participation

5-yr surrender$100,000+

Par: 165% · 2-yr

Invesco QQQ FC 7 Index

participation

5-yr surrender$100,000+

Par: 165% · 2-yr

BofA Multi-Asset FC 7 Index

participation

5-yr surrender$100,000+

Par: 165% · 2-yr

Index not shown

unknown

5-yr surrender$100,000+

Par: 275% · 5-yr

S&P 500 FC 7% VT TCA 0.50% Decrement Index (ER)(USD)

participation

5-yr surrender$100,000+

Par: 275% · 5-yr

Invesco QQQ FC 7 Index

participation

5-yr surrender$100,000+

Par: 275% · 5-yr

BofA Multi-Asset FC 7 Index

participation

5-yr surrender$100,000+

Par: 275% · 5-yr

Index not shown

unknown

5-yr surrender$100,000+

Par: 68% · 5-yr

S&P 500 Index

participation

5-yr surrender$100,000+

Par: 115% · 1-yr

S&P 500 FC 7% VT TCA 0.50% Decrement Index (ER)(USD)

participation

5-yr surrenderUp to $99,999.99

Par: 115% · 1-yr

Invesco QQQ FC 7 Index

participation

5-yr surrenderUp to $99,999.99

Par: 115% · 1-yr

BofA Multi-Asset FC 7 Index

participation

5-yr surrenderUp to $99,999.99

Par: 115% · 1-yr

Index not shown

unknown

5-yr surrenderUp to $99,999.99

Cap: 9.25% · 1-yr

S&P 500 Index

cap

5-yr surrenderUp to $99,999.99

Fixed: 3.8% · 1-yr

Fixed Account

fixed

5-yr surrenderUp to $99,999.99

Par: 160% · 2-yr

S&P 500 FC 7% VT TCA 0.50% Decrement Index (ER)(USD)

participation

5-yr surrenderUp to $99,999.99

Par: 160% · 2-yr

Invesco QQQ FC 7 Index

participation

5-yr surrenderUp to $99,999.99

Par: 160% · 2-yr

BofA Multi-Asset FC 7 Index

participation

5-yr surrenderUp to $99,999.99

Par: 160% · 2-yr

Index not shown

unknown

5-yr surrenderUp to $99,999.99

Par: 270% · 5-yr

S&P 500 FC 7% VT TCA 0.50% Decrement Index (ER)(USD)

participation

5-yr surrenderUp to $99,999.99

Par: 270% · 5-yr

Invesco QQQ FC 7 Index

participation

5-yr surrenderUp to $99,999.99

Par: 270% · 5-yr

BofA Multi-Asset FC 7 Index

participation

5-yr surrenderUp to $99,999.99

Par: 270% · 5-yr

Index not shown

unknown

5-yr surrenderUp to $99,999.99

Par: 65% · 5-yr

S&P 500 Index

participation

5-yr surrenderUp to $99,999.99

Accumulation profile

Accumulation-focused contract

Current CANNEX product data marks this filing as tax-deferred accumulation. Compare cap, participation rate, fees, liquidity, and surrender terms; use a separate payout-focused contract when guaranteed payout mechanics are required.

Common questions about Athene Aviator 5

● Can I lose money in Athene Aviator 5?

A negative index return by itself does not reduce the contract's account value: Athene Aviator 5 credits 0% — the floor — for that indexed period. The account value can still decrease from applicable rider fees, Performance Rate Rider or other strategy charges, administrative charges, withdrawals, surrender charges, or other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● When can I access my money without a surrender charge?

Up to 10% of your account value each year is penalty-free. The scheduled surrender charges run 5 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do Athene Aviator 5's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another current Athene Aviator 5 strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

2

Nursing home waiver, Terminal illness waiver

Death benefit

Standard Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Cap-rate floor

0.50%

Minimum guaranteed cap for cap-based indexed strategies.

Fixed account guarantee

1.00%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

1.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

Annuitization options

Single and joint

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

9%

Yr 2

8%

Yr 3

7%

Yr 4

6%

Yr 5

5%

After

0%

Nursing home waiver, Terminal illness waiver, Surrender waivers

Documents

Carrier documents not available for this product

Brochures, product guides, or contract disclosures were not returned for this product on this request. Request the state-specific brochure or specimen contract from the carrier before purchase.

Carrier Ratings

AM BestA+
S&PA+
Moody'sA1
S&PA+

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Athene Aviator 5 currently shows 30 indexed or fixed crediting options, including S&P 500 Index, with 24 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, renewal terms, and fee-bearing rider variants are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 9.5% annual cap
  • S&P 500 Index: 9.25% annual cap
  • S&P 500 Index: 68% 5-year participation rate
  • S&P 500 Index: 65% 5-year participation rate

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 5 surrender years
  • Nursing home waiver
  • Terminal illness waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

This page uses the current structured product data returned for the contract. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

Free Comparison Report

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See how Athene Aviator 5 compares for your age, state, premium, and income goals alongside other Athene Annuity and Life Company fixed indexed annuity options.

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