Fixed Indexed Annuity

Athene Performance Elite 7 Plus

Name: Athene Performance Elite 7 Plus
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 Plus 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

$263,199

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

Premium bonus offered

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 Plus'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. Growth starts from a bonus-adjusted illustrative account value: $100,000 premium + $6,000 premium bonus (6%) = $106,000. Bonus vesting and withdrawal treatment follow the contract. Not a projection, quote, or guarantee. Live CANNEX rates as of July 17, 2026.

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See how Athene Performance Elite 7 Plus 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 Plus

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 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 term7-year surrenderDoes not vary by premiumAdvisorWorld + 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

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

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-shows indexes (the AI Powered indexes, the BNP MAD5, the UBS Innovative Balanced, and the S&P 500 FC TCA decrement variant) whose historical shows are not directly comparable to the S&P 500. A high participation rate on a low-volatility excess-shows 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.

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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