Looking for income down the road? Athene Agility delivers. Create income you can't outlive with Lifetime Income Withdrawals. You can begin taking Lifetime Income Withdrawals once the waiting period is over. Your withdrawal amount depends on the value of your Benefit Base, and your age when you start receiving income. 8
Receive a “retirement paycheck” guaranteed for life. Your income payments are guaranteed for life as long as you don’t exceed the maximum Lifetime Income Withdrawal amount. 9 Ready for income? Choose single or joint life withdrawals. Select single life withdrawals to receive income for the duration of your lifetime, or joint life withdrawals to provide an income stream over the lifetimes of you and your spouse. Payments can be taken monthly, quarterly or annually. Your income amount may increase over time. With Athene Agility, your income may keep increasing after you start Lifetime Income Withdrawals. That’s because each year, your income amount may grow by 100% of the interest rate credited to your Accumulated Value. Even if your Accumulated Value goes to zero, you may still receive an increase in your income.
8 Withdrawals and surrender may be subject to federal and state income tax and, except under certain circumstances, will be subject to an IRS penalty if taken prior to age 59 1/2. Withdrawals are not credited with index interest in the year they are taken. Withdrawals in excess of the free amount are subject to a Withdrawal Charge or Market Value Adjustments (MVA) which may result in the loss of principal. Withdrawals are based upon the Accumulated Value of the last Contract Anniversary. 9 Lifetime Income Withdrawals may be reduced or may stop if you take Excess Withdrawals from your contract. If Excess Withdrawals, Withdrawal Charges or MVAs reduce the contract’s Accumulated Value to zero, your Lifetime Income Withdrawal Payments will stop and the rider will terminate. 10 This benefit is NOT long-term care insurance nor is it a substitute for such coverage. 11 The IRS requires individuals owning IRAs to take a required minimum distribution (RMD) each year once you reach a certain age, which varies by birthdate. The annual deadline for taking an RMD is December 31. You may delay your first RMD until April 1 of the year after you attain the required beginning age. If you delay your first RMD, you'll have to take your first and second RMD in the same tax year. If you fail to take your RMD, you may be subject to an excise tax. Please consult with your tax professional for guidelines specific to your situation. Visit IRS.gov for details. 12 W ithdrawals and surrender may be subject to federal and state income tax and, except under certain circumstances, will be subject to an IRS penalty if taken prior to age 59½. Withdrawals are not credited with index interest in the year they are taken. Withdrawals in excess of the free amount are subject to a Withdrawal Charge or MVA which may result in the loss of principal. Withdrawals are based upon the Accumulated Value of the last Contract Anniversary. 13 The Rider Death Benefit Payout Period is currently set to five years and is guaranteed not to exceed 10 years. Please check with Athene for the currently declared Rider Death Benefit Payout Period. After annuitization, payments will be consistent with the Settlement Option selected. Taxes may apply.
8
Made with FlippingBook - Share PDF online