If you’re considering the Athene Ascent annuity and you feel that you need more in-depth information about this annuity in order to determine whether or not this is the right annuity for you, then reading over the product’s Statement of Understanding and other disclosures can be extremely beneficial.
That is because the statement of understanding and the other affiliated disclosures about the annuity can give you more of the key details that you need for making a well-informed decision regarding whether or not the annuity in question is the best one for you.
What Information Will You Find in the Athene Ascent Annuity Disclosure?
When reading the Athene Ascent Annuity disclosure, you will find a myriad of details about this product’s:
- Fixed strategy – This includes information on the fixed interest rate that is declared by the insurance company and that is guaranteed for each contract year.
- Index strategies – Here you will find more details on the interest that can be calculated with regard to the performance of the underlying index(es)
- Important terms – The disclosure for the Ascent annuity also includes important key terms that purchasers should be aware of, such as annual spread, cap rate, participation rate, index term period, and index term end date
Why Annuity Disclosures Are Essential
Most “high ticket” products and services will come with additional “instructions” on how they work. However, in trying to include as much information as possible (aka using the “CYA” strategy), sometimes annuity companies can end up with documents that can be in excess of 50 or 100 pages.
But, while the intent of this information is to help educate you further on how the product works, you may find your mind wandering shortly after you read the just first few pages. In fact, this is not uncommon.
In any case, though, the annuity’s statement of understanding and other disclosures should be provided to you prior to you making an actual purchase. These documents should also be included by your insurance agent or financial advisor when he or she submits the application for purchase.
Still Have Questions About the Athene Ascent Annuity? Looking for Additional Unbiased Advice?
While annuity disclosures and Statements of Understanding can be extremely beneficial in guiding you towards a decision, we completely understand that going over all of the minute details that are included can be about as enticing as cleaning out your dryer vent – and because of that, even though these items provide in-depth details, they can also end up prompting, even more, questions or confusion about the annuity product.
If this is the case with you, then please feel free to reach out to us via our secure contact form here and let us know what questions and/or concerns that you may still have, and how our experts can assist you with how this annuity works, and how it may (or may not) ultimately work for you.
