Athene: Upcoming Athene MaxRate® Rate Change on 11/25
11-17-2023
Effective November 25, 2023
Rate updates will be applied to Athene products. Rate grids with current and new rates can be found below.
Athene MaxRate® 3, 5, and 7 Crediting Rates
Multi-Year and 1-Year Fixed Strategy¹
MOST STATES
| Product Term | Premium Band | Current | New | Change |
| 3-Year | High Band ($100,000+) | 5.75% | 5.65% | ▼ 0.10% |
| Low Band (Up to $100,000) | 5.50% | 5.40% | ▼ 0.10% | |
| 5-Year | High Band ($100,000+) | 6.15% | 5.80% | ▼ 0.35% |
| Low Band (Up to $100,000) | 5.65% | 5.55% | ▼ 0.10% | |
| 7-Year | High Band ($100,000+) | 6.15% | 5.80% | ▼ 0.35% |
| Low Band (Up to $100,000) | 5.80% | 5.55% | ▼ 0.25% |
AK, CA, CT, DE, HI, ID, MD, MN, MO, NJ, NV, OH, OK, OR, PA, SC, TX, UT & WA
| Product Term | Premium Band | Current | New | Change |
| 3-Year | High Band ($100,000+) | 5.75% | 5.65% | ▼ 0.10% |
| Low Band (Up to $100,000) | 5.50% | 5.40% | ▼ 0.10% | |
| 5-Year | High Band ($100,000+) | 6.10% | 5.75% | ▼ 0.35% |
| Low Band (Up to $100,000) | 5.60% | 5.50% | ▼ 0.10% | |
| 7-Year | High Band ($100,000+) | 6.10% | 5.75% | ▼ 0.35% |
| Low Band (Up to $100,000) | 5.75% | 5.50% | ▼ 0.25% |
Athene MaxRate® NY - NEW YORK |
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| Product Term | Premium Band | Current | New | Change |
| 3-Year | High Band ($100,000+) | 5.50% | 5.10% | ▼ 0.40% |
| Low Band (Up to $100,000) | 5.20% | 4.85% | ▼ 0.35% | |
| 5-Year | High Band ($100,000+) | 5.55% | 5.20% | ▼ 0.35% |
| Low Band (Up to $100,000) | 5.25% | 5.00% | ▼ 0.25% | |
| 7-Year | High Band ($100,000+) | 5.55% | 5.20% | ▼ 0.35% |
| Low Band (Up to $100,000) | 5.25% | 5.00% | ▼ 0.25% | |
1 The Multi-Year Fixed Strategy interest rate applies to the Initial Premium and the 1-Year Fixed Strategy interest rate applies to Additional Premium.
National
Application deadlines
In order to receive current rates:
• The application must be signed on or before November 24, 2023.
• For electronic applications submitted on AnnuityNet or Affirm, the application signed date is determined by the final date you submit the electronic order to your back office. Please note, physical signature dates will not be utilized.
• The application must be received at Athene* by market close (3 p.m. CT) on December 8, 2023.
• If your back office requires the use of an order entry platform, Athene must receive the electronic order by market close (3 p.m. CT) on December 8, 2023. Copies of the paper application without the electronic order will not hold the current rates.
• If the application is being funded from a firm brokerage account, your firm must be able to submit both the funds and electronic application by market close (3 p.m. CT) on December 8, 2023.
• The contract must be in good order, suitability review complete (if applicable) and all funds received at Athene* by market close (3 p.m. CT) on January 24, 2024.
* Please Note: Athene's rate lock period begins on the rate change effective date. If you submit applications through your firm's back office, please allow for additional processing time in order to meet the deadlines listed above.
Revised materials will be available on the Forms and Materials page beginning November 25, 2023. Be sure to use up-to-date materials when offering Athene annuities. You may experience slight processing delays on any print orders in the days before or after a rate change effective date.
New York
Application deadlines
In order to receive current rates:
• The application must be signed on or before November 24, 2023.
• For electronic applications submitted on AnnuityNet or Affirm, the application signed date is determined by the final date you submit the electronic order to your back office. Please note, physical signature dates will not be utilized.
• The application must be received at Athene* by market close (3 p.m. CT) on December 8, 2023.
• If your back office requires the use of an order entry platform, Athene must receive the electronic order by market close (3 p.m. CT) on December 8, 2023. Copies of the paper application without the electronic order will not hold the current rates.
• If the application is being funded from a firm brokerage account, your firm must be able to submit both the funds and electronic application by market close (3 p.m. CT) on December 8, 2023.
• The contract must be in good order, suitability review complete (if applicable) and all funds received at Athene* by market close (3 p.m. CT) on January 24, 2024.
* Please Note: Athene’s rate lock period begins on the rate change effective date. If you submit applications through your firm’s back office, please allow for additional processing time in order to meet the deadlines listed above.
Revised materials will be available on the Forms and Materials page beginning November 25, 2023. Be sure to use up-to-date materials when offering Athene annuities. You may experience slight processing delays on any print orders in the days before or after a rate change effective date.
Please give the BUA Annuity Team a call at 800.792.6795 if you have any questions or need assistance.