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Athene Rate Decrease 7/6/16

 

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Interest Rate Update

Athene is adjusting rates on the Athene MYGSM, Athene Performance Elite® and Athene TargetHorizonSM products effective July 2, 2016.

Athene continues to maintain a competitive advantage in fixed and fixed indexed annuities with rates at or near the top of the market.

Athene MYG

Multi-Year Fixed Strategy: Initial Premium 1-Year Fixed Strategy: Additional Premium
MVA (Not available in AK, CA, HI, MN, MO, NJ, NY, PA & WA) Non-MVA (Not available in NY)
  Current New Current New
3-Year 2.00% 1.70% 1.95% 1.60%
5-Year 2.90% 2.50% 2.75% 2.25%
7-Year 3.00% 2.85% 2.80% 2.65%

Athene Performance Elite

Athene Performance Elite (PE) PE 10 PE 10 Select PE 10 Pro PE 15
Current New Current New
2-Year No Cap PTP – BNP (Par Rate) 120% 100% 150% 130%
2-Year No Cap PTP – Morningstar® (Par Rate) 90% 75% 100% 85%
1-Year No Cap PTP (Par Rate) 50% 45% 60% 55%
2-Year No Cap PTP (Annual Spread) 1.95% 2.75% 0.95% 1.75%
1-Year PTP (Cap) 4.75% 4.25% 5.50% 5.00%
1-Year Monthly Cap (Cap) 2.00% 1.85% 2.20% 2.00%
Fixed 1.70% 1.40% 2.10% 1.80%

Athene TargetHorizon

Athene TargetHorizon (THS) THS5 THS10, THS10S THS15
Current New Current New Current New
5-Year No Cap PTP (Annual Spread) NA NA 2.15% 3.25% 1.10% 2.75%
1-Year No Cap PTP (Spread) 1.35% 2.75% 2.35% 3.25% 1.25% 2.75%
1-Year PTP Multiple Index (Cap) 4.50% 3.25% 4.00% 2.75% 4.50% 3.25%
1-Year PTP (Cap) 4.50% 3.25% 4.00% 2.75% 4.50% 3.25%
1-Year Monthly Cap (Cap) 2.00% 1.55% 1.65% 1.30% 2.00% 1.55%
1-Year Monthly Average (Cap) 4.50% 3.25% 4.00% 2.75% 4.50% 3.25%
Fixed 2.00% 1.50% 1.60% 1.05% 1.90% 1.40%

Application deadlines (all products above)

  • Applications with cash received by Athene no later than 4 pm CT on July 1, 2016 will be issued as applied for.
  • Non-cash applications (e.g. 1035 exchanges, IRA rollovers) received by Athene no later than 4 pm CT on July 1, 2016 will be issued as applied for if funds are received no later than 4 pm CT on August 30, 2016.
  • Applications received after 4 pm CT on July 1, 2016 will be issued with the new rates.

Applications may be submitted electronically using the Document Upload Tool on Athene’s website. They can also be submitted by overnight mail to the following address: Athene Annuity and Life Company 7700 Mills Civic Parkway West Des Moines, IA 50266-3862

Download updated rate cards and state approval maps for all products.

Athene_IA_Interest_rates_7-2-16

 

Thank you for your business. For product and sales support, please contact the best Sales Desk in the business at 888‑661-1999

North American MYGA Rate Decrease 7/6/16

new_rates_north_american

Effective July 6, 2016
North American Guarantee ChoiceSM Multi-Year Guarantee Annuity Rates are decreasing.

Surrender Charge Period1

New High Band Rate Old High Band Rate New Low Band Rate

Old Low Band Rate

3-Year 1.70% 1.80% 1.40% 1.50%
4-Year 1.90% 2.00% 1.65% 1.75%
5-Year 2.55% 2.75% 2.30% 2.50%
6-Year 2.30% 2.50% 2.05% 2.25%
7-Year 2.55% 2.75% 2.30% 2.50%
8-Year 2.75% 2.95% 2.55% 2.75%
9-Year 2.85% 3.05% 2.65% 2.85%
10-Year 2.95% 3.15% 2.75% 2.95%
NOTE: New interest rates will apply to applications received in the Home Office on or after July 6, 2016. To receive current rates, get application in before July 6, 2016.

FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.
This product is issued by North American Company for Life and Health Insurance®, West Des Moines, IA. Product features and options may not be available in all states or appropriate for all clients. See product brochure, disclosure and state approval chart for further details and limitations.
The North American Guarantee ChoiceSM is issued on forms NC/NA1000A (certificate/contract) AE515A, AE516A, LR427A, LR433A, LR441A and LR441A-1 (endorsements/riders) or appropriate state variation. 1. A surrender during the surrender charge period could result in a loss of premium. The surrender charge and Interest Adjustment (also known as Market Value Adjustment) reset with renewal. Surrender charge structure may vary by state.

NACOLA_Rates_7-6-16

guggenhiem rates are decreasing for july

Guggenheim Rate Decrease 7/1/16

GUGGENHEIM LIFE AND ANNUITY COMPANY

guggenhiem rates are decreasing for july

Guggenheim Life Annuity Rates for the month of July are decreasing on the Preserve Multi-Year Guaranteed Annuity and the ProOption Multi-Year Guaranteed Annuity with Return of Premium Feature. Interest rate changes will apply to applications received in Home Office on or after the business day in which a rate change becomes effective. We do offer a 45-day rate lock and will accept faxed, signed applications to hold previous interest rates if faxed into the Home Office on the last business day prior to the rate change by 5:00 pm EST. No exceptions will be allowed. Fax to (317) 574-6278. Important: The 45-day rate lock will begin at the time the application is received and is held for 45 calendar days.

*Guggenheim Life Annuity Interest rates stated are effective as of 7/1/2016 and are subject to change in the future at the discretion of the company.

For Agent Use Only. Not Intended for Solicitation Purposes or Advertising to the Public.

For more information, call us at 888-661-1999

Glac download rate sheet

 

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Live Long and Prosper? Insurance Might Help

The New York Times –

client_managementFor those heading deep into retirement with relatively stable health, “rage against the dying of the light” often translates into a fear of outliving their nest egg.

As a relatively new product, longevity insurance addresses that concern, although it’s a complicated product full of pitfalls that need to be considered.

Longevity policies, also known as deferred-income annuities or qualified longevity annuity contracts, provide an income stream at a certain age, usually from 80 to 85. When payments begin, they are usually guaranteed for a minimum period — generally 10 to 30 years. The policies are typically bought with a lump sum decades before they are needed.

With life expectancies on the rise, the Treasury Department and the Internal Revenue Service last year approved the inclusion of longevity policies in 401(k) and I.R.A. plans. They are becoming popular. Treasury will allow people to use up to 25 percent of their balances in such accounts, or $125,000 (whichever is less), to buy a longevity annuity; it also relaxed a requirement that people take minimum distributions from their plans at age 70 1/2 because annuity payments start later in life.

Longevity insurance is still a tiny slice of the more than $230 billion market for annuities, but with more people retiring and many companies getting into the business, sales more than doubled from 2012 to 2013 to about $2 billion per year at the end of 2013. They were expected to have grown an additional 20 to 25 percent in 2014, according to Limra, a life insurance trade organization.

Part of the appeal of these policies is that they hedge a bet on life expectancy. If, like many, you underestimate how long you’re going to live — and don’t prepare for it financially — longevity insurance will provide income in your remaining years.

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