All Press Releases

Athene Ascent Helps Prepare Boomers for Retirement

March 16, 2015
This content is categorized as:

With an estimated 75 million baby boomers on the verge of retirement in the next 10 to 15 years, Athene USA is providing financial options to prepare them for their future glory days. According to a recent study by Athene with Nielsen Opinion Quest, 39% of future retirees are insecure that they will meet their retirement goals. To help prepare and safely grow their savings, Athene USA, a leading provider of products in the retirement savings market, today announced the launch of its Athene Ascent annuity suite.

Athene Ascent annuities provide a competitive advantage in the marketplace by providing a unique income story. The Athene Ascent with the Income Aspect Income Rider offers the power of a 10% simple interest crediting rate to the Income Base. The Income Base will receive a 10% simple interest credit for the first 10 years and a 5% simple interest credit for the next 10 years - guaranteed for contracts issued with premium of $50,000 and above. That's up to 20 years of outstanding growth, while also offering a guaranteed future income stream.

In a time when the marketplace is scaling back on roll-up rates, Athene is introducing a new annuity suite with strong guaranteed rates to help our customers achieve their financial goals. "In the years leading to retirement, many people are concerned about market volatility and protecting their nest egg while continuing to accumulate and grow their savings," said Chris Grady, EVP and Head of Retail for Athene USA. "This time can have a significant impact on an individual's ability to retire comfortably. With Athene's Ascent we can help clients grow their money and protect them from direct downside market risk so they can be financially prepared for their future."

Athene Ascent is a suite of fixed indexed annuities that are easy to explain and easy to understand, and delivers the essential promise of fixed indexed annuities: guarantees with enhanced growth potential. It helps individuals choose the retirement they want —simply. Athene Income AspectSM is an optional income rider that can be purchased, for a charge, with Athene Ascent 10-year products. Income Aspect delivers peace of mind with the power to provide income that lasts as long as retirement does.

"We are very excited about the launch of this fixed indexed annuity product suite," said Grady. "Athene Ascent is designed for individuals who will need income in 10 years or more, and want guarantees with growth potential. We hope this product can take some of the stress out of preparing for retirement and allow individuals to look forward to life after work."

Key Product Features:

Guarantees. The fixed interest crediting strategy has a fixed rate of interest that is declared each year by the company and guaranteed for that contract year. In addition, the contract has a minimum guaranteed contract value.

Growth Potential. Receive interest credits that are linked in part to the performance of an external market index.

Protection. There is no direct downside market risk to client's money.

Income. At the annuity's maturity date, clients have options for a regular stream of income — either for a certain period of time or for the rest of their life.

Athene Ascent is currently available in 35 states and Washington D.C. To learn more, visit www.athene.com or talk with your financial advisor.

About Athene USA

Athene USA is an Iowa-domiciled corporation that serves as the U.S. holding company for Athene's annuity operations in the United States. Headquartered in West Des Moines, Iowa, Athene USA serves customers in all 50 states, and through its predecessor companies, has been serving American consumers for more than 100 years. Athene USA is a subsidiary of Athene Holding Ltd. Further information can be found at www.athene.com.

About the Study

Athene USA partnered with Nielsen Opinion Quest to survey 1026 pre-retirees in December 2014 to understand their approach to, and concerns about, retirement.