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Fixed Indexed Annuity

Athene BCA 12 2.0

Athene

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Available jurisdictions

Product data status: October 2, 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 BCA 12 2.0 would do for you

Set your numbers and switch between growth, income, and liquidity. Negative index performance does not produce a negative index credit. Fees, withdrawals and surrender charges can reduce contract value.

Product analyzer

Illustrative — live CANNEX rates as of October 2, 2026; not a projection or guarantee.

Premium$100,000

Your age60

Crediting strategy

Compare against

$202,709

Gross crediting illustration at age 80 (Athene BCA 12 2.0)

Excludes the 1% annual BALIR SGO Max - Level Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Level Income charge (income option; applicability depends on contract terms); 1% annual BALIR SGO Max - Level Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Level Income charge (income option; applicability depends on contract terms); 1% annual BALIR SGO Max - Inflation-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Inflation-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR SGO Max - Earnings-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Earnings-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR SGO Max - Inflation-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Inflation-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR SGO Max - Earnings-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Earnings-Indexed Income charge (income option; applicability depends on contract terms). This is not a net contract value.

Broad-market strategies

Gross crediting illustration for each line; excludes the 1% annual BALIR SGO Max - Level Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Level Income charge (income option; applicability depends on contract terms); 1% annual BALIR SGO Max - Level Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Level Income charge (income option; applicability depends on contract terms); 1% annual BALIR SGO Max - Inflation-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Inflation-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR SGO Max - Earnings-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Earnings-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR SGO Max - Inflation-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Inflation-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR SGO Max - Earnings-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Earnings-Indexed Income charge (income option; applicability depends on contract terms).

S&P 500 Index — 67% Participation (Strategy Fee Included · 2-yr point-to-point)

✦

How crediting works: the participation rate keeps a share of positive index returns; a down index year has 0% index credit before rider charges. This illustration deducts no rider charge and is not a net contract value. A participation strategy tracks the index within its terms. What is a cap vs participation? →

Assumptions: illustrative — applies Athene BCA 12 2.0's published participation rate (67% 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; 2-year credits are applied only at completed term anniversaries. Gross crediting only: this illustration excludes the 1% annual BALIR SGO Max - Level Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Level Income charge (income option; applicability depends on contract terms); 1% annual BALIR SGO Max - Level Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Level Income charge (income option; applicability depends on contract terms); 1% annual BALIR SGO Max - Inflation-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Inflation-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR SGO Max - Earnings-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Earnings-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR SGO Max - Inflation-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Inflation-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR SGO Max - Earnings-Indexed Income charge (income option; applicability depends on contract terms); 1% annual BALIR Flex Growth - Earnings-Indexed Income charge (income option; applicability depends on contract terms) reported in the source. Applicable rider charges depend on contract terms; their deduction bases are not modeled. Each listed charge is not deducted, and no net contract value is shown. Not a projection, quote, or guarantee. Live CANNEX rates as of October 2, 2026.

Free Comparison Report

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See how Athene BCA 12 2.0 compares for your age, state, premium, and income goals alongside other Athene fixed indexed annuity options.

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rate data

Run numbers for Athene BCA 12 2.0

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

Live product data

Rates as of October 2, 2026, from AdvisorWorld and CANNEX.

Current crediting strategy detail

55% participation on S&P 500

Athene BCA 12 2.0 is currently shown as an FIA with live crediting and contract facts available, but current live data does not include published lifetime-income rider details for an age-60, year-10 comparison; treat those specifics as unavailable until the carrier publishes them.

2-year term12-year surrenderDoes not vary by premiumAdvisorWorld + CANNEX data

Best fit

Buyers and advisors comparing Athene BCA 12 2.0's live crediting menu, surrender structure, ratings, and state availability while treating income-rider specifics as unavailable unless a carrier illustration or source-backed CANNEX rider response supplies them.

AM Best

A+ Superior

Surrender period

12 years

Availability

31 jurisdictions (restricted footprint)

Featured crediting strategies

Caps, participation rates, and declared rates are shown separately.

Index / strategyRate mechanicsCreditingSurrenderPremium

S&P 500

S&P 500 Index

55% participation rate

Rate effective Sep 25, 2026

2-year point-to-point

Requested state: AL

2-year term · 12-year surrender · Does not vary by premium

2-year term

12-year surrender

Does not vary by premium

S&P 500

S&P 500 Index

Strategy Fee Included

67% participation rate

Rate effective Sep 25, 2026

2-year point-to-point

Strategy fee: 0.95%/yr

Requested state: AL

2-year term · 12-year surrender · Does not vary by premium

2-year term

12-year surrender

Does not vary by premium

S&P 500

S&P 500 Index

Strategy Fee Included

67% participation rate

2-year point-to-point

Requested state: AL

2-year term · 12-year surrender · Does not vary by premium

Why it can stand out

Current live data includes strategy, surrender, ratings, and availability details for this contract, but not published lifetime-income rider terms for an age-60, year-10 comparison.
Use the live crediting menu and contract facts on this page for comparison until CANNEX publishes rider-level income mechanics for this product.
If CANNEX later publishes rider-level terms, those details can support a direct lifetime-income comparison without relying on brochure assumptions.

What to confirm

Do not quote a GLWB/PIV payout rate, income-base growth rate, equivalent income base, or rider-fee comparison from this page while those lifetime-income rider details remain unavailable in the live data.
For any lifetime-income recommendation, request a carrier illustration or CANNEX comparison that includes the exact rider terms.
Crediting rates, strategy availability, surrender terms, and state availability can vary by filing, premium, age, and state; confirm the current terms for the buyer's situation.

Not ideal for

Buyers who need source-backed lifetime-income specifics directly from this page should not rely on this product page alone; use a carrier illustration or a CANNEX response that publishes rider mechanics.

Free Comparison Report

Get an Athene BCA 12 2.0 rate report

See how Athene BCA 12 2.0 compares for your age, state, premium, and income goals alongside other Athene fixed indexed annuity options.

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All crediting strategies

View rate listings (28 strategies)

These listings show published strategy details and any available rates. Use the filters to narrow by index, term, premium band, or rate type.

Par: 295% · 2-yr

RAFI Harvey GS Index

Strategy Fee Included · Point-to-point · 0.95% annual strategy fee

Requested state: ALRate effective Sep 25, 202612-yr surrenderDoes not vary by premium

Par: 295% · 2-yr

RAFI Harvey GS Index

Strategy Fee Included · Point-to-point

Requested state: AL12-yr surrenderDoes not vary by premium

Par: 265% · 2-yr

Shiller Barclays CAPE Allocator 6 Index

Strategy Fee Included · Point-to-point · 0.95% annual strategy fee

Requested state: ALRate effective Sep 25, 202612-yr surrenderDoes not vary by premium

Par: 265% · 2-yr

Shiller Barclays CAPE Allocator 6 Index

Strategy Fee Included · Point-to-point

Requested state: AL12-yr surrenderDoes not vary by premium

Par: 250% · 2-yr

Shiller Barclays Global Index

Strategy Fee Included · Point-to-point · 0.95% annual strategy fee

Requested state: ALRate effective Sep 25, 202612-yr surrenderDoes not vary by premium

Par: 250% · 2-yr

Shiller Barclays Global Index

Strategy Fee Included · Point-to-point

Requested state: AL12-yr surrenderDoes not vary by premium

Par: 240% · 2-yr

RAFI Harvey GS Index

Point-to-point · 0% annual strategy fee

Requested state: ALRate effective Sep 25, 202612-yr surrenderDoes not vary by premium

Par: 240% · 2-yr

RAFI Harvey GS Index

Point-to-point

Requested state: AL12-yr surrenderDoes not vary by premium

Par: 225% · 2-yr

WisdomTree Siegel Strategic Value Index

Strategy Fee Included · Point-to-point · 0.95% annual strategy fee

Requested state: ALRate effective Sep 25, 202612-yr surrenderDoes not vary by premium

Par: 225% · 2-yr

WisdomTree Siegel Strategic Value Index

Strategy Fee Included · Point-to-point

Requested state: AL12-yr surrenderDoes not vary by premium

Par: 215% · 2-yr

Shiller Barclays CAPE Allocator 6 Index

Point-to-point · 0% annual strategy fee

Requested state: ALRate effective Sep 25, 202612-yr surrenderDoes not vary by premium

Par: 215% · 2-yr

Shiller Barclays CAPE Allocator 6 Index

Point-to-point

Requested state: AL12-yr surrenderDoes not vary by premium

Par: 210% · 2-yr

MSCI MKT MediaStats Multi-Asset Index

Strategy Fee Included · Point-to-point · 0.95% annual strategy fee

Requested state: ALRate effective Sep 25, 202612-yr surrenderDoes not vary by premium

Par: 210% · 2-yr

MSCI MKT MediaStats Multi-Asset Index

Strategy Fee Included · Point-to-point

Requested state: AL12-yr surrenderDoes not vary by premium

Par: 205% · 2-yr

Shiller Barclays Global Index

Point-to-point · 0% annual strategy fee

Requested state: ALRate effective Sep 25, 202612-yr surrenderDoes not vary by premium

Par: 205% · 2-yr

Shiller Barclays Global Index

Point-to-point

Requested state: AL12-yr surrenderDoes not vary by premium

Par: 185% · 2-yr

WisdomTree Siegel Strategic Value Index

Point-to-point · 0% annual strategy fee

Requested state: ALRate effective Sep 25, 202612-yr surrenderDoes not vary by premium

Par: 185% · 2-yr

WisdomTree Siegel Strategic Value Index

Point-to-point

Requested state: AL12-yr surrenderDoes not vary by premium

Par: 170% · 2-yr

MSCI MKT MediaStats Multi-Asset Index

Point-to-point · 0% annual strategy fee

Requested state: ALRate effective Sep 25, 202612-yr surrenderDoes not vary by premium

Par: 170% · 2-yr

MSCI MKT MediaStats Multi-Asset Index

Point-to-point

Requested state: AL12-yr surrenderDoes not vary by premium

Par: 127% · 2-yr

S&P 500 Distance Stabilizer TCA Index (USD) ER

Strategy Fee Included · Point-to-point · 0.95% annual strategy fee

Requested state: ALRate effective Sep 25, 202612-yr surrenderDoes not vary by premium

Par: 127% · 2-yr

S&P 500 Distance Stabilizer TCA Index (USD) ER

Strategy Fee Included · Point-to-point

Requested state: AL12-yr surrenderDoes not vary by premium

Par: 110% · 2-yr

S&P 500 Distance Stabilizer TCA Index (USD) ER

Point-to-point · 0% annual strategy fee

Requested state: ALRate effective Sep 25, 202612-yr surrenderDoes not vary by premium

Par: 110% · 2-yr

S&P 500 Distance Stabilizer TCA Index (USD) ER

Point-to-point

Requested state: AL12-yr surrenderDoes not vary by premium

Par: 67% · 2-yr

S&P 500 Index

Strategy Fee Included · Point-to-point · 0.95% annual strategy fee

Requested state: ALRate effective Sep 25, 202612-yr surrenderDoes not vary by premium

Par: 67% · 2-yr

S&P 500 Index

Strategy Fee Included · Point-to-point

Requested state: AL12-yr surrenderDoes not vary by premium

RMD friendly

Lifetime withdrawal rate2.45%

Annual rider fee1%

Guaranteed roll-up5%/yr · compound · for up to 10 years

Income multiplier2× multiplier

Deferral assumed0 years

Issue age40 — 76

Joint availabilityJoint life

GLWB

Common questions about Athene BCA 12 2.0

● Can I lose money in Athene BCA 12 2.0?

A negative index return by itself does not reduce the contract's account value: Athene BCA 12 2.0 credits 0% — the floor — for that indexed period. The account value can still decrease from the published rider fee, published strategy fees, withdrawals, surrender charges, other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● Is the BALIR SGO Max - Level Income income rider worth the 1% fee?

It depends on whether you will use the guaranteed income. If you are accumulating only, you can skip it. If you want guaranteed lifetime income later, the published roll-up (5%/yr · compound · for up to 10 years) and 4.5% withdrawal rate can make it worthwhile — model it in the Income tab of the analyzer above.

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

The scheduled surrender charges run 12 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 BCA 12 2.0's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another available Athene BCA 12 2.0 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

5%/yr

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

Surrender waivers

Nursing home waiver, RMD waiver, Terminal illness waiver

Death benefit

Death Benefit - CV

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

Participation-rate floor

5.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

Annuitization options

Certain period, Joint life, Single life

Published payout options from the normalized contract facts.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

14.5%

Yr 2

14%

Yr 3

13.5%

Yr 4

13%

Yr 5

12%

Yr 6

11%

Yr 7

10%

Yr 8

Yr 9

Yr 10

Yr 11

Yr 12

After

Nursing home waiver, RMD waiver, Terminal illness waiver

Documents

product guide

83150-BCA10-2.0-Additional-Product-Insert.pdf

Confidence: highReviewed Apr 5, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA+

FitchA+

Moody'sA1

S&PA+

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Athene BCA 12 2.0 currently shows 28 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 strategy variants are different mechanics and should not be ranked as one simple rate list.

S&P 500 Index: 55% 2-year participation rate, 0% annual strategy fee
S&P 500 Index: 67% 2-year participation rate, Fee-bearing option, 0.95% annual strategy fee
S&P 500 Index: 55% 2-year participation rate
S&P 500 Index: 67% 2-year participation rate, Fee-bearing option

Income rider language

What to look for before treating the rider as income

BALIR SGO Max - Level Income is the main income rider listed for this product. Rider terms can affect the tradeoff between future lifetime withdrawals, contract value, beneficiary value, and cost, so the exact state version and rider election should be confirmed before comparing it to annuitization or income-only contracts.

4.5% withdrawal rate
1% rider fee
RMD friendly
Joint life availability

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.

12 surrender years
Nursing home waiver
RMD waiver
Terminal illness waiver

Verification note

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

Carrier materials such as 83150-BCA10-2.0-Additional-Product-Insert.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 8, 2026. 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

Get an Athene BCA 12 2.0 rate report

See how Athene BCA 12 2.0 compares for your age, state, premium, and income goals alongside other Athene fixed indexed annuity options.

Get my rate report

Related Resources

Free personalized report

What would you like your money to do?

Choose a goal to start your report. We’ll carry your answer into the next step.

Find guaranteed ratesCompare current fixed options Plan retirement incomeExplore income choices Compare my optionsGet a personal starting point

What would you like your money to do?

Athene BCA 12 2.0

See what Athene BCA 12 2.0 would do for you

Get an Athene BCA 12 2.0 rate report

Run numbers for Athene BCA 12 2.0

55% participation on S&P 500

Featured crediting strategies

Lifetime Income Riders

BALIR SGO Max - Income

BALIR Flex Growth - Income

BALIR SGO Max - Inflation-Indexed Income

BALIR Flex Growth - Inflation-Indexed Income

BALIR SGO Max - Earnings-Indexed Income

BALIR Flex Growth - Earnings-Indexed Income

How to think about this contract

Why it can stand out

What to confirm

Get an Athene BCA 12 2.0 rate report

All crediting strategies

Income riders

BALIR SGO Max - Level Income

BALIR Flex Growth - Level Income

BALIR SGO Max - Level Income

BALIR Flex Growth - Level Income

BALIR SGO Max - Inflation-Indexed Income

BALIR Flex Growth - Inflation-Indexed Income

BALIR SGO Max - Earnings-Indexed Income

BALIR Flex Growth - Earnings-Indexed Income

BALIR SGO Max - Inflation-Indexed Income

BALIR Flex Growth - Inflation-Indexed Income

BALIR SGO Max - Earnings-Indexed Income

BALIR Flex Growth - Earnings-Indexed Income

Common questions about Athene BCA 12 2.0

Key Features

Free withdrawal

Surrender waivers

Death benefit

Participation-rate floor

Annuitization options

Fund types

Surrender schedule

Documents

83150-BCA10-2.0-Additional-Product-Insert.pdf

Carrier Ratings

Contract notes from product data

How the interest-crediting choices are framed

What to look for before treating the rider as income

Why access rules deserve as much attention as rates

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

Get an Athene BCA 12 2.0 rate report

Related Resources

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