Receiving income from your annuity
In addition to periodic or Free Withdrawals, Athene MaxRate provides you with several ways to receive guaranteed income from your annuity. Annuity Payout Options You can begin receiving guaranteed income from your annuity once it matures (on the Annuity Date). This is called “annuitization.” The payment amount will be based on your annuity’s Cash Surrender Value and the Settlement Option you choose. You have different options available to you depending on whether you want to receive income for a set period of time, your lifetime, or the lifetimes of you and your Joint Annuitant. It’s important to note that once you choose to annuitize, the payment schedule and the amount are fixed and can’t be altered. Creating a legacy Athene MaxRate annuities include a Death Benefit. It guarantees that your beneficiary will receive your annuity’s full Accumulated Value or Minimum Guaranteed Contract Value, whichever is greater. The Death Benefit will be paid as long as you haven’t annuitized your contract. After annuitization, payment will be made consistent with the settlement option you chose.
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