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DISCONTINUED PRODUCT - Product not available to new enrollees.

Aviva Flex Plus
Product ID: 103

Vendor:
Athene Annuity and Life Company
Type:
Fixed Annuity 
Discontinued Discontinued


1%
AM Best:
A+
Moody's:
A1
S&P:
AA-
6 Years / 9.00%
No





Aviva Flex Plus is a flexible premium deferred annuity that can enhance your long-term savings potential and provide a guaranteed retirement stream - without sacrificing safety. This product features two different premium enhancment bonuses - 2% on all first year-premium and 1% on all premiums received years two through five. Initial transfer or rollover is $15,000.

Select the topics below to expand and view additional product details


Loan option may be exercised twice per contract year. Minimum loan amount is $1,000 and the maximum loan when added to all outstanding loans (if applicable) may not exceed 50% of the contract value or the IRC maximum of $50,000. The loan interest is a net cost of 2.5% The annuity value will be adjusted by the outstanding loan balance in the event of death, annuitization or surrender. Loans are intended to comply with all provisions of Section 72(p) of the Internal Revenue Code and all Department of Treasury regulations.

Available.

Riders are amendments to the annuity contract that typically add to your costs. make sure you inquire about any additional costs. The following riders exist for this product:

Nursing Home Waiver:
If a serious accident or illness requires a stay in a qualified nursing home facility, you can withdraw up to $10,000 each month from your annuity without incurring surrender charges - when permitted by IRS regulations.
These rates may change without notice. Contact your provider for the most current rates.



All 403(b) products contain fees. The amount of fees varies greatly depending on the product. A slight increase in fees can substantially reduce the growth in your account which will reduce your income in retirement. To learn more about the impact of fees, and the different types of fees please refer to the Explanation of Fees piece located in the Help & Resources.

Surrender Charges

Surrender Period* Surrender Percentage
1 9.00%
2 8.00%
3 7.00%
4 6.00%
5 4.00%
6 2.00%

*Expressed in contract years


Surrender Penalty Charge assessed on a "rolling" basis: Aviva Flex Plus has a six-year rolling surrender charge period that caps after the tenth contract year. After ten years, no surrender charges will apply.
Exceptions to the Surrender Charge:
Percent of contract value:
10.00%
Death:
Yes
Nursing Home or Other Medical Expenses:
Yes
Other Restrictions:
If a serious accident or illness requires a stay in a qualified nursing home facility, you can withdraw up to $10,000 each month from your annuity to cover the cost of your care without incurring a surrender charge when premitted by IRS Regulations.

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