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DISCONTINUED PRODUCT - Product not available to new enrollees.

Aviva Progressive Index Annuity
Product ID: 87

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 Progressive Index Annuity is a flexible premium equity-indexed annuity with an innovative design that provides both choice and safety. You can choose from three complementary accounts or blend allocations among them. This product is not an investment. However, its indexed interest is credited based on performance of the S & P 500 equity index. Initial transfers or rollovers of $10,000 are accepted.

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Loans are permitted twice per calendar 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 surrender 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 Revenue Code and all Department of Treasury regulations.

Available.

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. We guarantee that the indexed interest will never 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 immediately preceding the Contract Anniversary.
Indexed Accounts interest credited is guaranteed to never be less than zero.

Annual Cap Indexed Account Cap rate March 3, 2006 and later is 7.00%. The Minimum Indexed Cap rate is 5.00%. The Participation Rate is 100% Annual Breakthrough Indexed Account Breakthrough Level for March 3, 2006 is 12.50%. The Maximum Breakthrough Level is 50%. Participation is 25% up to the Breakthrough Level, then 100% of the percentage gain above the Breakthrough Level.
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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