Athene Adds Non-Variable Indexed Contract: Annuity Moves
April 5, 2021 by Allison Bell
Athene USA has introduced the Athene AccuMax non-variable indexed annuity contract.
Like other indexed annuities, the AccuMax contract can connect a holder’s crediting rate, or rate at which interest is credited to the annuity contract value, to the performance of an investment index.
The AccuMax contract offers holders access to crediting rate choices linked to two new investment indexes: the AI Powered Multi-Asset Index, from EquBot Inc., and the Shiller Barclays CAPE Allocator 6 Index, from RSBB-I LLC.
The crediting rate choice linked to the EquBot index comes with an annual servicing cost equal to 0.75% of the contract value.