GROWTH
Grow your Income Base to maximize income.
When you purchase the Athene Ascent Pro fixed indexed annuity and income rider, an Income Base is set up for your rider. An Income Base Bonus provides an initial boost.
The Income Base is used to determine your Lifetime Income Withdrawal amount — the bigger the Income Base, the greater your income payment amount. Here’s how it works:
Initial Premium + Income Base Bonus
= Income Base
+ Annual Simple Interest Credits + Interest Credits (if applicable) — Withdrawals from your annuity
Your rider’s Income Base is not the same as the annuity’s Accumulated Value. The Accumulated Value is available for withdrawal and is used to determine the Cash Surrender Value of your fixed indexed annuity. On the other hand, think of the Income Base as a value that is used to calculate your Lifetime Income Withdrawal amount. This value has no cash value or surrender value and cannot be withdrawn in a lump sum. A withdrawal from your Accumulated Value will reduce the rider’s Income Base (and thus the amount of future Lifetime Income Withdrawals) proportionally. For example, withdrawing 10 percent from your Accumulated Value will reduce your Income Base by 10 percent too. Please see your Certificate of Disclosure for full details.
Choose your crediting option. Guaranteed Growth Grow your Income Base at a Guaranteed Simple Interest Rate. or Guaranteed Growth, Plus Interest Credits
Combine a Guaranteed Simple Interest Rate with the potential for Interest Credits. Your guaranteed rate will be lower, but your Income Base will also increase by 200 percent of any Interest Credits that are added to to your annuity's Accumulated Value.
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