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DISCONTINUED PRODUCT - Product not available to new enrollees.

Aviva Elite Index Annuity
Product ID: 92

Vendor:
Athene Annuity and Life Company
Type:
Equity Indexed Annuity 
Discontinued Discontinued


1.5%
AM Best:
A+
Moody's:
A1
S&P:
AA-
11 Years / 12.00%
No





Aviva Elite Index Annuity is a flexible premium fixed index annuity contract that features three complementary accounts. You have the flexibility and choice to blend allocations among the three accounts. This product is not an investment. However, its indexed interest is credited based on the performance of the S & P 500 equity index. Initial transfers or rollovers of $25,000 are accepted.

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Loans are permitted twice per contract year. The 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 surender value or the IRC maximum of $50,000. The net interest cost of the loan is 2.5%. The annuity 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 Rvenue Code and all Department of Treasury regulations.

Available.
Investment Year Bonus Rate
1 5%

These rates may change without notice. Contact your provider for the most current rates.


Point-to-Point
Annual Reset
S & P 500
Amounts allocated to the Indexed Accounts are credited with indexed interest at each Contract Anniversary. The initial Indexed Account segments are based upon allocation of the initial premium on the Contract Date. Aviva guarantees that the indexed interest will nvever be less than zero. The amount of indexed interest at each Contract Anniversary for each segment equals the Indexed Credit Percentage times the Indexed Account Value immmediately preceding the Contract Anniversary. Amounts allocated to the Fixed Account are credited with fixed interest daily throughout the Contract Year.
Indexed Accounts interest credited is guaranteed never to be less than zero.

The Annual Cap Indexed Accout cap rate for policies issued March 3, 2006 and later is 6.50%. The minimium indexed Annual Cap will never be less than 3%. The participation rate is 100% up to the Annual Cap. The Monthly Cap with Annual Sum Indexed Account rate for policies issued March 3, 2006 and is 2.75%. S & P 500 performance for each contract month is determined subject to the declared monthly cap. On the contract anniversary, interest equal to the sum of all 12 months' capped performance is credited to the account.
100.00%
100.00%
N/A


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 12.00%
2 12.00%
3 12.00%
4 10.00%
5 8.00%
6 7.00%
7 6.00%
8 5.00%
9 4.00%
10 3.00%
11 0.00%

*Expressed in contract years


Exceptions to the Surrender Charge:
Percent of contract value:
10.00%
Death:
Yes
Attainment of Age:
85
Nursing Home or Other Medical Expenses:
Yes

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