Fixed Indexed Annuity

Athene Performance Elite 7

Name: Athene Performance Elite 7
Brand: Athene Annuity and Life Company

Athene Annuity and Life Company

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8.75%

Best S&P 500 Annual Cap

10%

Free W/D

Available jurisdictions

Product data status: July 17, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Model this product

See what Athene Performance Elite 7 would do for you

Set your numbers and switch between growth, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer

Illustrative — live CANNEX rates as of July 17, 2026; not a projection or guarantee.

Premium$100,000

Your age60

Crediting strategy

Compare against

$248,301

Est. value at age 80 (Athene Performance Elite 7)

8.75%

Best S&P 500 1-yr point-to-point cap

S&P 500 Index — 11.5% Cap (Strategy Fee Included · Annual · 1.25% fee)

✦

How crediting works: the cap limits positive index returns; a down index year credits 0% before the annual strategy fee; fees can reduce account value. A cap strategy tracks the index within its terms. What is a cap vs participation? →

Assumptions: illustrative — applies Athene Performance Elite 7's published cap rate (11.5% on S&P 500 Index) to a standard benchmark hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Net growth deducts the 1.25% annual strategy fee listed for this strategy. Not a projection, quote, or guarantee. Live CANNEX rates as of July 17, 2026.

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See how Athene Performance Elite 7 compares for your age, state, premium, and income goals alongside other Athene Annuity and Life Company fixed indexed annuity options.

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Live rate data

Run live numbers for Athene Performance Elite 7

Current rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Athene Annuity and Life Company product.

Live product data

Rates as of July 17, 2026, from AdvisorWorld and CANNEX.

S&P 500 annual point-to-point cap

8.75% cap on S&P 500

An accumulation-focused, A+ rated, 7-year fixed indexed annuity built around a no-fee S&P 500 annual point-to-point cap plus a wide menu of proprietary participation-rate strategies on both 1-year and 2-year crediting terms, with no income rider attached.

1-year term7-year surrenderDoes not vary by premiumAdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers committing to a 7-year deferral who want a recognizable no-fee S&P 500 cap alongside a wide menu of proprietary participation-rate strategies from a large carrier with A+ ratings across multiple agencies, and who are comfortable choosing between 1-year and 2-year crediting terms on the same index.

AM Best

A+ Superior

Surrender period

7 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. New York)

Featured crediting strategies

Caps, participation rates, and declared rates are shown separately.

Index / strategyRate mechanicsCreditingSurrenderPremium

S&P 500

S&P 500 Index

8.75% cap rate

Annual cap

1-year term · 7-year surrender · Does not vary by premium

1-year term

7-year surrender

Does not vary by premium

S&P 500

S&P 500 Index

Strategy Fee Included

11.5% cap rate

Annual cap

Strategy fee: 1.25%/yr

1-year term · 7-year surrender · Does not vary by premium

1-year term

7-year surrender

Does not vary by premium

Fixed Account

4.6% declared rate

Fixed account

1-year term · 7-year surrender · Does not vary by premium

1-year term

7-year surrender

Does not vary by premium

+ 24 additional crediting options (BNP Paribas, Nasdaq FC, AI Powered...)

Product analyst notes

How to think about this contract

Why it can stand out

Crediting menu includes a recognizable S&P 500 annual point-to-point cap with no strategy fee, so this contract gives a buyer at least one clean like-for-like comparison line against other FIAs on this site rather than only proprietary participation-rate strategies.
The index menu is unusually wide for a 7-year contract — BNP Paribas Multi Asset Diversified 5, Nasdaq FC, AI Powered US Equity, AI Powered Global Opportunities, UBS Innovative Balanced, and an S&P 500 FC TCA Decrement index all appear on this page, so the buyer can hold the no-fee S&P cap against several volatility-controlled alternatives.
Most index strategies are offered in both a 1-year and a 2-year crediting term on the same contract, so a buyer who wants longer crediting windows on the same index can choose the cadence rather than the index.
Free-withdrawal allowance, the full year-by-year surrender ladder, the market-value-adjustment flag, the nursing-home waiver, and the terminal-illness waiver are visible directly on this page rather than gated behind a sales brochure.
Athene is A+ rated by A.M. Best and additionally rated by Fitch, Moody's, and S&P, so the carrier strength view on this page is from multiple recognized agencies rather than one.

What to confirm

This is an accumulation-only fixed indexed annuity. There is no optional lifetime-income rider attached in this data and no built-in Protected Income Value chassis, so do not buy this contract for a guaranteed lifetime withdrawal — its job is index-linked growth over the 7-year term, not income.
Two S&P 500 annual point-to-point caps are published on the same contract: one with no strategy fee, and a second 'Enhanced' version that carries a published strategy fee deducted regardless of index performance. The higher headline cap on the fee-bearing variant is not directly comparable to the no-fee cap at the same index and cadence — read the fee column before reading the cap number.
Most of the non-S&P index options are proprietary volatility-controlled or AI-driven indexes. Their participation rates can look high in absolute terms but are not directly comparable to an S&P 500 cap, and several have shorter live-track histories than the S&P 500 itself — evaluate each on its own merits rather than headline number alone.
Surrender lockup runs seven years with a market-value adjustment on amounts above the free-withdrawal allowance. Early exits carry both a surrender charge and interest-rate sensitivity through the MVA — confirm with the carrier how the MVA is computed before any planned partial surrender.
The standard death benefit on this contract pays cash surrender value, not account value or a rolled-up income base — heirs receive what a buyer would receive on a non-penalty surrender, which can be materially lower than an account-value-based death benefit on a competing contract.

Not ideal for

Buyers who need a contractually guaranteed lifetime withdrawal rate from a GLWB rider, want a plain MYGA-style declared rate, need short-surrender liquidity, or require an account-value-based death benefit — none of those are what this contract is built to deliver, and the higher 'Enhanced' S&P 500 cap should not be read without first noting its strategy fee.

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All crediting strategies

View rate listings (28 strategies)

These are the current crediting strategies available for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 250% · 1-yr

BNP Paribas Multi Asset Diversified 5 Index

Strategy Fee Included · participation