Athene Annuity & Life Assurance Company of New York
We are pleased to announce that Presidential Life Insurance Company is in the process of changing its name to Athene Annuity & Life Assurance Company of New York, with an effective date of October 1, 2013 or soon thereafter.
A subsidiary of Athene Annuity & Life Assurance Company, an emerging leader in fixed annuities and reinsurance for the U.S. retirement savings market, Athene Annuity NY is dedicated to helping you achieve your dreams and lifestyle goals.
As Athene Annuity NY, we now offer the ATHENE MaxRate series of multi-year guaranteed annuities. In addition to the features that make fixed annuities a popular choice for savings and lifetime income, ATHENE MaxRate provides the option to choose a higher interest rate when accumulation matters most (Please view our Product Brochure for more information.)
One constant that will never change is our commitment to provide high quality service to our agents and their clients.
We Are A Different Kind of Annuity Company – Experts In Fixed Annuities
Athene Annuity NY is a subsidiary of Athene Annuity & Life Assurance Company, Wilmington, DE, an innovative provider of fixed annuities with over a century of experience in the life insurance and annuity business. Athene Annuity & Life Assurance Company operates in all states and the District of Columbia except for New York. Our ultimate parent company is Athene Holding Ltd., a life insurance holding company that provides solutions to the growing need for tax deferred savings vehicles to support retiring baby boomers.
Today’s retirees are living longer, healthier and more active lives than any generation before them. It’s no surprise that having enough money to retire has become the top financial concern for millions of Americans. In fact, in a recent survey, Americans ranked their need for retirement income ahead of other financial priorities – including maintaining their current standard of living.1
Annuities are the only financial tool besides Social Security and employer-sponsored pension plans that can provide a guaranteed stream of income in retirement. And since annuities are tax-deferred, your money grows faster because you earn interest on the dollars you would ordinarily have paid in income taxes.
Presidential Life Corporation and Athene Annuity & Life Assurance Company complete merger
On December 28, 2012, Athene Annuity & Life Assurance Company (Athene Annuity), a Delaware-domiciled insurance company, acquired Presidential Life Corporation (Presidential Life) (former NASDAQ ticker: PLFE), and its subsidiaries (including Presidential Life Insurance Company). Athene Annuity is a wholly-owned subsidiary of Athene Holding Ltd., a Bermuda-based holding company, and is focused on retail fixed and index annuity sales and reinsurance. For additional information regarding the acquisition, please see the attached press release. As a result of the acquisition, Presidential Life’s common shares have been cancelled and have ceased to trade on NASDAQ.
Under the terms of the merger agreement, Presidential Life stockholders are entitled to receive $14 for each share of Presidential Life common stock they exchange. Computershare Inc. has been appointed exchange agent with respect to the Presidential Life common shares, and letters of transmittal containing instructions on how Presidential Life stockholders of record may exchange their shares for payment of the merger consideration are being distributed. Stockholders who hold common shares through a bank or broker should contact their bank or broker to determine what, if any, steps they need to take in order to receive the cash merger consideration for the common shares they beneficially own.
Presidential Life shareholders with questions regarding their Presidential Life common shares or the exchange of such shares should contact Computershare Inc. directly at:
- Within USA, US Territories & Canada: 1-800-546-5141
- Outside USA, US Territories & Canada: 1-781-575-2765
For ATHENE MaxRate Annuity
Contractholders in New York
866-690-1992, Option 1, then Option 1
For Athene Annuity & Life Assurance Company of New York*
Life Insurance Policyholders
(800) 926-7599 ext. 659
All Other Annuity Products
(800) 926-7599 ext. 660
*formerly Presidential Life Insurance Company
Insurance products are issued by Athene Annuity & Life Assurance Company in all states except New York and in New York by Athene Annuity & Life Assurance Company of New York. Product availability and features may vary.
1 Gallup, 6/15/2011
Athene Annuity NY is solely responsible for its financial obligations. For more information, click here to be directed to the Athene Holding website.