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Balanced allocation value is a measurement associated with some fixed index annuities. Essentially, it can be tracked daily to show the potential interest an annuity can earn. It differs from accumulation value, which reflects interest that has already been credited to the contract.
Balanced Allocation Lifetime Income Rider (BALIR) Flex Growth The BALIR Flex Growth is an optional rider that must be elected at contract issue and is available for an annual Income Rider Charge of 1.00%. The Annual Rider Charge is calculated at the beginning of every contract year.
Return of Charge Guarantee Date The date after which the Return of Charge guarantee amount is considered in the Cash Surrender Value calculation.
Athene Velocity has a built in Income Rider that grows at 175% of Interest Earnings, if any, minus the Annual Strategy Charge, if applicable. Interest Earnings, if any, are credited to the Income Base through the earlier of beginning Lifetime Income Withdrawals or the 18th contract anniversary.
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