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Fixed Indexed Annuity

Athene Performance Elite 7 Plus

Athene Annuity and Life Company

8.75%

Best Cap

20%

Free W/D

50

Jurisdictions

Product data status: May 29, 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.

Live product data

Rates as of May 28, 2026, based on the latest AdvisorWorld scan of CANNEX data.

S&P 500 cap rate

8.75% cap on S&P 500

An accumulation-focused fixed indexed annuity from a top-rated carrier that pairs a recognizable S&P 500 annual point-to-point cap with a broad menu of proprietary participation-rate strategies on both one-year and two-year crediting periods, with a first-year premium bonus that vests over a longer horizon than the surrender schedule itself.

1-year termAdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers committing to a hold long enough to fully vest the premium bonus (longer than the surrender-charge period) who want recognizable S&P 500 cap exposure as the core of the allocation alongside a broader-than-usual proprietary index menu and choice of crediting cadence, from one of the strongest multi-agency-rated carriers in this lineup.

AM Best

A+ Superior

Surrender period

7 years

Free withdrawal

20%/yr

Availability

50 jurisdictions (excl. New York)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

8.75% cap rate

S&P 500

S&P 500 Index

11.5% cap rate

Fixed Account

Fixed Account

4.6% declared rate

+ 24 volatility-controlled index options (BNP Paribas, Nasdaq FC, AI Powered...)

Product analyst notes

How to think about this contract

Why it can stand out

  • Contract pays a first-year premium bonus on every dollar of premium, applied up front to the account value — the 'Plus' designation in the name comes from this bonus, which the base Performance Elite 7 chassis does not carry. Read the bonus rate and vesting schedule in the bonus section before reading any crediting number on this page.
  • Crediting menu pairs a recognizable S&P 500 annual point-to-point cap with five distinct participation-rate strategies on proprietary indexes (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 variant), giving the buyer one clean apples-to-apples cap plus a broad menu of volatility-controlled alternatives inside one contract.
  • Every index strategy is offered in two flavors on the same contract — a no-fee version and a 'Strategy Fee Included' version that charges an annual strategy fee in exchange for a higher cap or participation rate — and is available on both a one-year and a two-year crediting period, so a buyer who prefers a longer crediting cadence can hold it without leaving the contract.
  • Carrier strength is top-tier across all four published agencies — A.M. Best A+ (Superior), Fitch A+ (Strong), Moody's A1 (Good), and Standard & Poor's A+ (Strong) — which is the strongest multi-agency rating set in this lineup.
  • A declared fixed-rate bucket sits alongside the index strategies, so a buyer can park part of the premium in a non-indexed allocation without leaving the contract, and the contract files in all fifty states plus the District of Columbia rather than as a state-restricted filing.

What to confirm

  • The first-year premium bonus is NOT immediately yours. It vests on a multi-year schedule that runs longer than the surrender period itself: the published vesting schedule starts at zero in year one and reaches full vesting only at the end of year eight, while the surrender charge schedule expires after year seven. A full surrender at any point before the bonus is fully vested forfeits the unvested portion — even a surrender after the surrender charges have expired still loses part of the bonus to non-vesting. Read the bonus as a long-deferral incentive, not as free up-front money, and read the year-by-year vesting table in the bonus section before assuming the bonus is yours on day one.
  • Several of the highest participation rates on this contract credit against proprietary volatility-controlled or excess-return indexes (the AI Powered indexes, the BNP MAD5, the UBS Innovative Balanced, and the S&P 500 FC TCA decrement variant) whose historical returns are not directly comparable to the S&P 500. A high participation rate on a low-volatility excess-return index is not equivalent to the same rate on the uncapped S&P 500 strategy; read the index name and methodology in the strategy table before reading the participation number.
  • The higher-rate version of every index strategy is a 'Strategy Fee Included' variant that carries a published annual strategy fee deducted regardless of index performance. A higher cap or participation rate on a fee-bearing strategy is not directly comparable to the no-fee version at face value — read the fee column on the strategy table before reading the headline number.
  • Surrender lockup runs the full surrender-charge period with a market-value adjustment on amounts above the free-withdrawal allowance, and the year-one free-withdrawal allowance is smaller than the year-two-and-beyond allowance — read the surrender schedule and free-withdrawal tier table before assuming uniform liquidity. Confirm with the carrier how the MVA is computed before any planned partial surrender, especially in year one when free-withdrawal headroom is at its narrowest.
  • 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, and the unvested portion of the bonus does not pass through either.

Not ideal for

Buyers who need a guaranteed lifetime withdrawal rider, want an account-value or rolled-up death benefit, may need to surrender before the bonus-vesting horizon completes, need a larger year-one free-withdrawal allowance, or want the published headline cap to be free of a strategy fee on its highest-rate version — none of those are what Performance Elite 7 Plus is built to deliver, and the premium bonus should be read as a long-deferral incentive rather than free up-front money.

All crediting strategies

View rate listings (54 rows)

These are the current crediting strategy listings returned 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

7-yr surrender

Par: 205% · 1-yr

AI Powered US Equity Index

Strategy Fee Included · participation

7-yr surrender

Par: 200% · 1-yr

BNP Paribas Multi Asset Diversified 5 Index

participation

7-yr surrender

Par: 180% · 1-yr

AI Powered Global Opportunities Index

Strategy Fee Included · participation

7-yr surrender

Par: 180% · 1-yr

UBS Innovative Balanced Index

Strategy Fee Included · participation

7-yr surrender

Par: 165% · 1-yr

AI Powered US Equity Index

participation

7-yr surrender

Par: 150% · 1-yr

Nasdaq FC Index

Strategy Fee Included · participation

7-yr surrender

Par: 145% · 1-yr

AI Powered Global Opportunities Index

participation

7-yr surrender

Par: 145% · 1-yr

UBS Innovative Balanced Index

participation

7-yr surrender

Par: 120% · 1-yr

Nasdaq FC Index

participation

7-yr surrender

Par: 117% · 1-yr

S&P 500 FC TCA 0.50% Decrement Index (USD) ER

Strategy Fee Included · participation

7-yr surrender

Par: 92% · 1-yr

S&P 500 FC TCA 0.50% Decrement Index (USD) ER

participation

7-yr surrender

Cap: 11.5% · 1-yr

S&P 500 Index

Strategy Fee Included · cap

7-yr surrender

Cap: 8.75% · 1-yr

S&P 500 Index

cap

7-yr surrender

Fixed: 4.6% · 1-yr

Fixed Account

fixed

7-yr surrender

Par: 355% · 2-yr

BNP Paribas Multi Asset Diversified 5 Index

Strategy Fee Included · participation

7-yr surrender

Par: 280% · 2-yr

BNP Paribas Multi Asset Diversified 5 Index

participation

7-yr surrender

Par: 270% · 2-yr

AI Powered US Equity Index

Strategy Fee Included · participation

7-yr surrender

Par: 255% · 2-yr

AI Powered Global Opportunities Index

Strategy Fee Included · participation

7-yr surrender

Par: 250% · 2-yr

UBS Innovative Balanced Index

Strategy Fee Included · participation

7-yr surrender

Par: 240% · 2-yr

Nasdaq FC Index

Strategy Fee Included · participation

7-yr surrender

Par: 215% · 2-yr

AI Powered US Equity Index

participation

7-yr surrender

Par: 200% · 2-yr

AI Powered Global Opportunities Index

participation

7-yr surrender

Par: 200% · 2-yr

UBS Innovative Balanced Index

participation

7-yr surrender

Par: 190% · 2-yr

Nasdaq FC Index

participation

7-yr surrender

Par: 160% · 2-yr

S&P 500 FC TCA 0.50% Decrement Index (USD) ER

Strategy Fee Included · participation

7-yr surrender

Par: 128% · 2-yr

S&P 500 FC TCA 0.50% Decrement Index (USD) ER

participation

7-yr surrender

Par: 250% · 1-yr

BNP Paribas Multi Asset Diversified 5 Index

Strategy Fee Included

Par: 205% · 1-yr

AI Powered US Equity Index

Strategy Fee Included

Par: 200% · 1-yr

BNP Paribas Multi Asset Diversified 5 Index

Par: 180% · 1-yr

AI Powered Global Opportunities Index

Strategy Fee Included

Par: 180% · 1-yr

UBS Innovative Balanced Index

Strategy Fee Included

Par: 165% · 1-yr

AI Powered US Equity Index

Par: 150% · 1-yr

Nasdaq FC Index

Strategy Fee Included

Par: 145% · 1-yr

AI Powered Global Opportunities Index

Par: 145% · 1-yr

UBS Innovative Balanced Index

Par: 120% · 1-yr

Nasdaq FC Index

Par: 117% · 1-yr

S&P 500 FC TCA 0.50% Decrement Index (USD) ER

Strategy Fee Included

Par: 92% · 1-yr

S&P 500 FC TCA 0.50% Decrement Index (USD) ER

Cap: 11.5% · 1-yr

S&P 500 Index

Strategy Fee Included

Cap: 8.75% · 1-yr

S&P 500 Index

Fixed: 4.6% · 1-yr

Fixed Account

Par: 355% · 2-yr

BNP Paribas Multi Asset Diversified 5 Index

Strategy Fee Included

Par: 280% · 2-yr

BNP Paribas Multi Asset Diversified 5 Index

Par: 270% · 2-yr

AI Powered US Equity Index

Strategy Fee Included

Par: 255% · 2-yr

AI Powered Global Opportunities Index

Strategy Fee Included

Par: 250% · 2-yr

UBS Innovative Balanced Index

Strategy Fee Included

Par: 240% · 2-yr

Nasdaq FC Index

Strategy Fee Included

Par: 215% · 2-yr

AI Powered US Equity Index

Par: 200% · 2-yr

AI Powered Global Opportunities Index

Par: 200% · 2-yr

UBS Innovative Balanced Index

Par: 190% · 2-yr

Nasdaq FC Index

Par: 160% · 2-yr

S&P 500 FC TCA 0.50% Decrement Index (USD) ER

Strategy Fee Included

Par: 128% · 2-yr

S&P 500 FC TCA 0.50% Decrement Index (USD) ER

Income riders

Accumulation-focused — no income rider

This contract is designed for tax-deferred accumulation, not guaranteed lifetime income. No GLWB rider was returned because none is part of the contract design — compare against other accumulation FIAs on cap, participation rate, and surrender terms rather than lifetime income.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

3

Nursing home waiver, RMD waiver, Terminal illness waiver

Premium bonus

6%

Bonus terms can vary by state, premium band, and rider election.

Death benefit

Standard Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Strategy guarantee

Minimum guaranteed cap: 0.50%

Strategy guarantee

Guaranteed minimum interest rate (fixed): 0.25%

Strategy guarantee

Minimum guaranteed participation: 10.00%

Annuitization options

Single and joint

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

9%

Yr 2

8.8%

Yr 3

7.9%

Yr 4

6.9%

Yr 5

5.9%

Yr 6

5%

Yr 7

4%

After

0%

Nursing home waiver, RMD waiver, Terminal illness waiver, Surrender waivers

Documents

brochure

Athene Performance Elite 7 Plus brochure pdf.pdf

Confidence: highReviewed Apr 14, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA+
S&PA+
Moody'sA1
S&PA+

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Athene Performance Elite 7 Plus currently shows 27 distinct indexed or fixed crediting choices across 54 current rate listings, including S&P 500 Index and S&P 500 FC TCA 0.50% Decrement Index (USD) ER, with 20 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 8.75% cap
  • S&P 500 Index: 11.5% cap
  • S&P 500 FC TCA 0.50% Decrement Index (USD) ER: 92% participation

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 20%/yr free withdrawal
  • 7 surrender years
  • Nursing home waiver
  • RMD waiver
  • Terminal illness waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as Athene Performance Elite 7 Plus brochure pdf.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 24, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

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