Prior to starting income, your Benefit Base will increase by 175% of any Interest Credits that are added to your annuitys Accumulated Value. All Rights Reserved | Privacy Policy, Please be as specific as possible. Not all reinsurance products or structures offered are available in all jurisdictions. Oct17: Updated Allianz 360 Payout Table (Opt1-Level & Opt2-Increasing) Oct14: Corrected Allianz 360 Interest Bonus (Opt1-Level & Opt2-Increasing) Oct6: Updated Allianz 222 Income Rider to a 30% bonus Oct4: Updated the Athene AscentPro (Option1 / Level) Payout Table. In 2021, Athene Annuity & Life Company received an overall NAIC complaint index of 0.10, well below the 1.0 average. Because of that, annuities that initially might seem exactly alike can actually give you vastly different results. There are spreads, caps or participation rates that limit how much of the return you receive. We investigate and compare annuities, and in turn, we provide our website visitors with the in-depth information that they may not receive from their insurance or financial advisors. Athene has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. 4%. So, it is important that you first discuss your needs with an annuity professional who can help you with sorting all of the intricate details. In addition to possible surrender charges, there can also be some other fees involved if you own the Athene Agility fixed indexed annuity. An in-depth look at performance-based & Guaranteed options. With that in mind, a financial advisor is likely to focus on this best of all worlds scenario when presenting this product to you. Jackson National Perspective II Lifeguard Freedom Flex, Independent Review of the Athene Agility 10 Annuity Pros and Cons Explained | Updated April 2020, Athene Balanced Choice Annuity (BCA) Elevate Fixed Indexed Annuity, Athene Ascent 10 Bonus Fixed Index Annuity, Athene Income Select Bonus Fixed Index Annuity, Athene Ascent 10 Bonus 2.0 Fixed Indexed Annuity with Ascent Income Rider Option 1, Athene MaxRate 7 Multi-Year Guarantee Annuity, Athene Ascent Accumulator 10 Fixed Indexed Annuity, Independent Review of the Athene Amplify 2.0 Annuity, Independent Review of the Athene AI Powered US Equity Index, Independent Review of the Athene Nasdaq FC Index, Independent Review of the Athene Balanced Choice Level 10 Annuity, Independent Review of the Athene Ascent Accumulator 10 Fixed Indexed Annuity, Indexed interest crediting strategies that are exclusive to Athene, A 20% initial bonus boost to the rider Benefit Base, A 175% market leading stacked growth to the Benefit Base, Safety of your principal regardless of what occurs in the market, Want penalty-free access to most or all of your money within the first Ten full years of purchasing the annuity, Do not intend to use the lifetime income feature of the annuity, Want to start receiving income within the first ten years of owning the annuity. While the Agility annuity is often compared with the Allianz 222 fixed indexed annuity, there are several areas where the Athene product comes out on top. In addition, as annuities and fixed indexed annuities in particular have become more popular over the past several years, more and more insurers are introducing new products out into the marketplace. AND, the income increases are locked in, so they cant be lost, regardless of what happens in the market. It also offers a built-in death benefit rider at no additional charge. In this Athene Agility 10 Review we will cover: Athene Annuity and Life Insurance Company is a strong insurance company with an A Rating from AM Best; they are also a major player in the U.S. annuity market. With Athenes experienced management team, the company has grown from a start-up just a decade ago, to a firm that holds nearly $150 billion in total GAAP assets, more than $117.5 billion in invested assets, and over $13 billion in total equity. 3.25%. With that in mind, it is important to note that the Agility 10 annuity from Athene is primarily geared towards receiving income later (at least ten years after purchasing the product) as versus a product for getting income now.. For financial professional use only. Thank you for your answer! The income payment from this annuity is guaranteed for the annuitants life. Please see the Certificate of Disclosure for moreinformation. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. This can be beneficial in helping to keep incoming cash flow at, or even ahead of, the rate of future inflation. So while your returns are dependent on how your chosen index performs, it isn't literally invested in the market like a normal investment would be. Athene has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. Annuities are a popular tool for retirement planning, offering the opportunity for tax-deferred investing gains and guaranteed income streams. This, in turn, can also increase the value of the death benefit if you have chosen the death benefit rider. Please call (855) 583-1104 if you have any questions or concerns. This field is for validation purposes and should be left unchanged. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. This is where the fixed indexed annuity can come in. Athenes website describes the Agility annuity as one that can help you open the doors to retirement possibilities. Allianz 222 Annuity. Retire in 11+ Years. Annuity Gator, We are looking for a place to park $400k for 7-10 years. These companies are not undertaking to provide investment advice for any individual or in any individual situation, and therefore nothing in this should be read as investment advice. The S&P 500 without dividends was up 13.4%. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. I ran up against the Allianz 222 again and called a rep at a different company to get some clarification on a competing product. Annual Point to Point #2. Training is required prior to selling any Athene annuity. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. We make the complex, simple. If so, just let us know the name (or names) of the annuity(ies) and our Annuity Gator annuity geeks will get on it. Annuity Gator, For instance, with this product, your income could increase each year, depending on the index strategies that you chose. Please feel free to reach out to us directly at (888) 440-2468. Annuities are subject to the terms and conditions of the specific contract issued by the insurer, are not FDIC or NCUA insured, are not bank guaranteed, may lose value, and are not a deposit. But before we get too far into this review, we do want to be perfectly clear in stating that we believe that annuities can be a very viable financial option for some people provided that they fit in with your other short- and long-term financial goals. So, before you move forward with the purchase of the Athene Agility fixed indexed annuity (or for that matter, any annuity), you need to be sure that you check out all of the details as, once you have purchased an annuity, it could be quite an ordeal to get yourself out of it. The Athene Agility 7 FIA I believe offers a 20% bonus not a 25% as your article states. Athene is driven to deliver innovative fixed and fixed indexed annuities that help you win your market. This insurer is rated as the number two carrier in fixed indexed annuity sales, and has been consistently for the past three years. Prior to committing to the purchase of any type of insurance and/or investment vehicle, it is critical that you do your own due diligence, and that you also talk with a properly licensed professional if you have any questions that relate to your specific situation. Rather than sending sensitive personal and financial details back and forth via email, though, it would be best to discuss via phone. In fact, we dare say that our Annuity Gator website is the only place on the Internet where you can obtain all of the information that you require for making a well-informed purchasing decision about this annuity. If youve heard the name Athene, it could be that its because this is one of the fastest-growing fixed index annuity companies in the industry right now. Quick View. Heres how the annuity might look over a 30-year period. The guaranteed lifetime income for both the Athene Agility and the Allianz 222 have the ability to increase each year based on their market index gains. Any other good growth and income annuities in the 5 to 8 year time range? If this is your first visit to our website, we would like to formally welcome you to Annuity Gator. NO BANK/CREDIT UNION GUARANTEE. Please feel free to contact us directly, toll-free, at (888) 440-2468 to chat with one of our annuity specialists or visit http://annuitygator.com/contact/, We look forward to hearing from you. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. Annuity Gator, Your email address will not be published. Over the past few years, Athene has received a number of customer complaints through the Better Business Bureau (BBB). Throughout the past decade or so, the volatility in the market has really made investors think twice about putting their hard-earned savings into an area that could wipe away years of planning within a very short time if experiencing a market correction. My Annuity Store, Inc. All rights reserved. Where the Athene Agility 10 really shines in comparison to the Allianz 222 annuity is that the Agility offers a better participation rate for the income benefit. SILAC TETON/DENALI 10 (85) F&G POWER ACCUM/ACCUM PLUS (85) ATHENE PERFORMANCE ELITE (83) List all products in the following category: annuities that write 86-90. With all of the media hype today which includes countless numbers of financial gurus telling you what to do it can be difficult at best to cut through all of the clutter. Income payments may increase each year depending on the performance of your clients chosen index strategies, Increases are locked in and cannot be lost regardless of future index performance, Indexed interest crediting strategies feature indices exclusive to Athene, Initial bonus that instantly boosts the Benefit Base, 175% market-leading stacked growth to the Benefit Base, Benefit Base continues growing after income has started, growing the value of the Rider Death Benefit, Up to 10% penalty-free withdrawals based on Accumulated Value or initial premium, whichever is greater, Enhanced Income Benefit at no additional charge, Built-in Rider Death Benefit beneficiary receives the fullremaining value of the riders Benefit Base in annual payments. Best, One of the things we really like is the Athene Agility 10 offers annual and two-year annual reset options: It has a participation rate and capped index crediting strategies as well as a fixed-interest option. So, be sure to check back soon and regularly to see all of our new and updated annuity reviews. It gives you accumulation potential now (with two ways to get a bonus), 1 plus options to customize your income later. Insurance products may not be available in all states. But even so, the only way to really know if the Athene Agility 10 annuity is right for you is to have it tested. We can assist you with that by running it through our annuity calculator, using your particular financial figures. Thats where having an Annuity Investigator who loves math comes in. Your email address will not be published. On each Anniversary, the Benefit Base will be credited 175% of the dollar amount credited to the Accumulated Value. This is an excellent annuity but it is really designed for income later. You can take a closer look at the Athene complaints HERE. Reinsurance products are not protected or guaranteed by state insurance guaranty associations or insolvency funds. North American; Nationwide; Global Atlantic; MYGA. However, before you go out and make a commitment to this annuity or to any annuity it is highly recommended that you first have a good understanding of just exactly how the annuity works, and how it may (or may not) fit into your overall financial plans. You can also be sure that you will have an income in retirement for as long as you (and your spouse, if applicable) need it. ATHENE - Agility 10 . This is primarily because fixed indexed annuities provide the opportunity to receive positive growth when an underlying market index is being tracked and performs well, while also protecting your principal if the underlying index performs poorly during a given period of time. This product is designed to deliver strong income and growth potential, along with liquidity. My Annuity Store, Inc. is a licensed fixed annuity producer and does not advise clientson the purchase of non-fixed annuity products. So, if you felt that this annuity review was helpful, then please feel free to pass it along and share it with anyone else who you think might also benefit from it. These reviews break down annuity offerings from each provider, including information about fees, minimum initial premiums, investment options, benefit riders, maximum issue ages, withdrawal charges, taxes and more. 3Withdrawals and surrender may be subject to federal and state income tax and, except under certain circumstances, will be subject to an IRS penalty if taken prior to age 59. F&G; MYGA markets aren't great right now, so we're suggesting advisors consider looking at 5 year FIA as alternatives. So, if you felt that this review was helpful, please feel free to pass it along and share it with anyone else whom you think could also benefit from it. Once you start receiving your retirement paycheck, your Benefit Base will continue to grow by 175% of any interest credits you earn. Sometimes it can really help to see first hand how a financial product has been or has not been working out for other investors. Because of that, annuities that initially might seem exactly alike can actually give you vastly different results. However, we will be in a better position to know that after getting some additional information from you. Wed need to get some additional information from you, though, in order to do so. My financial dude has brought me Athene Performance Elite Plus 7. . While the Agility annuity is often compared with the Allianz 222 fixed indexed annuity, there are several areas where the Athene product comes out on top. You can selectively provide your consent below to allow such third party embeds. Comprehensive guide to selecting the best annuity income rider based on your goals. The Agility 10 is not a great annuity if your objective is safe accumulation. The companys investment portfolio is well-diversified with 94% of its fixed maturity securities rated 1 or 2 the highest categories by the NAICs Securities Valuation Office. 10%. As of mid-2020, Athene held nearly $147 billion in total GAAP assets. Nothing on this website is a recommendation to buy or sell an annuity. Prior to committing to the purchase of any type of insurance and/or investment vehicle, it is critical that you do your own due diligence, and that you also talk with a properly licensed professional if you have any questions that relate to your specific situation. This is best done via phone (as versus sending sensitive information back and forth via email). Athene Agility GEN (09/15) NB, Income and Death Benefit Rider IR (06/18) and Enhanced Income Benefit Endorsement EIBR (06/18) or state variations are issued by Athene Annuity and Life Company, West Des Moines, IA. So, if youre ready to begin this review, lets go ahead and dive in! an interest bonus resulting in a credit of 150% of any interest you earn from your chosen allocations. The highest guaranteed income for life. This companys life insurance offices are based out of Delaware, Iowa, and New York. ANNUITIES ARE PRODUCTS OF THE INSURANCE INDUSTRY AND NOT GUARANTEED BY ANY BANK NOR INSURED BY FDIC OR NCUA/NCUSIF. You can also take a peek at the full Athene Agility annuity product guide HERE. Especially in light of the fact that the Allianz 222 is oftentimes directly compared to this Athene annuity. We have been offering these in-depth annuity reviews for quite some time now far longer than our competitors have although many of them would like to have you think otherwise. This annuity would not be a good fit if you planned to start the lifetime income before 10 years. Annuity; Retirement; Videos If this is the case, there are better alternative annuities. If this is the first time you have been here to our website, we would like to personally welcome you to Annuity Gator. ConfinementAfter the first Contract Year, you can withdraw up to 100% of your annuitys Accumulated Value if the Annuitantis confined to a Qualified Care facility for at least 60 consecutive days and meets the eligibility requirements. The term financial professional is not intended to imply engagement in an advisory business with compensation unrelated to sales. MAY LOSE VALUE. The values show what would happen if the stated index earned indexed interest using current rates for the periods indicated. In this case, for instance, there is no added cost for the income rider. Meaning you want your lifetime income to start at least 10 years or more down the road. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. The Allianz 222 was allocated as follows: 25% S&P 500 Monthly Sum with 1.5% monthly cap. Product features, limitations and availability vary; see the Certificates of Disclosure for details. Over the past few years, Athene has received a number of customer complaints through the Better Business Bureau (BBB). Allianz: 222 and 360; . Especially in light of the fact that the Allianz 222 is oftentimes directly compared to this Athene annuity. 10%, Agility 10 Allianz 222 (222) Inital Premium10%,, Account ValueInitial Premium,Agility 10. . However, there are a few areas to keep in mind that could cost you, if youre not careful. In order to lure you into giving your information, they will often make some pretty outrageous claims about the annuities that they offer, such as: But, even as nice as these claims may be, it means that it is even more necessary for you to make sure that they are actually true before you move forward and commit a large chunk of your money to such products. Athene also offers 175% stacked growth to the annuitys benefit base which means that the annuitys return shares in 175% of what the underlying index returns. All content is for educational purposes only. Due to our experience and longevity in this arena, we have become very good at what we do, and weve actually come to be known as a highly trusted source of annuity information online. Athene USA services customers in all 50 of the United States. The Athene Agility annuity is a fixed indexed annuity with a $10,000 minimum investment and a maximum issue age of 83. These financial vehicles allow you the opportunity to attain index-linked returns as well as the safety of principal, regardless of what occurs in the market. Yet at the same time, historically low interest rates in the U.S. over the past ten years or so have not provided investors anywhere near the returns they need in order to beat or even meet future inflation. Throughout the past decade or so, the volatility in the market has really made investors think twice about putting their hard earned savings into an area that could wipe away years of planning within a very short time if experiencing a market correction. The information presented here is not intended to be a recommendation to purchase a fixed annuity, fixed index annuity, immediate annuity, longevity annuity, Qualified Longevity Annuity Contract, long-term care annuity, or any other investment or insurance product. This holds true (somewhat) with the Athene Agility 7 fixed indexed annuity. Allianz ABC, or AIG x5 benefit base 250%, or Athene Agility, Americo's Heritage Maximizer (30% for 30 bps) or the Bene Booster 25% of gains on the product (no explicit fee). For complete information about the cookies we use, data we collect and how we process them, please check our. Reinsurers may not be licensed in all states. 2Fixed indexed annuities are not stock market investments and do not directly participate in any stock or equity investments. However, even though this best of all worlds scenario initially seems very appealing, these benefits can also come at a cost. Hi Robert Thank you for your message. When doing your annuity research, you may have run across some of the other websites out there that discuss annuities but are more interested in simply obtaining your contact information so that they can bombard you with a deluge of emails and marketing materials. First, Allianz 222 Annuity is a fixed index annuity that gives you the potential to earn interest in two different ways: You can earn interest based on your choice of several index options, or you can choose to receive fixed interest. Allianz 222 - ALLIANZ222V2 Allianz 360 - ALLIANZ360V2 Allianz 365i - ALLIANZ365iV2 Allianz Benefit Control Product Training: ABCANNUITY . As with other annuities, your earnings can compound tax-deferred, so you can continue to build the funds in the account without the need to pay Uncle Sam each year (until the time of withdrawal). Description. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any users account by an Adviser or provide advice regarding specific investments. Benefit Base cannot be taken in a lump sum. Likewise, after the first contract year, the annuitant could qualify to access up to 100% of the accumulated value if he or she is confined to a nursing home for at least 60 consecutive days. This annuity review will give you a good running start. Athene Performance Elite 7. The information presented here is not a representation regarding the suitability of any concept or product(s) for an individual and is not intended to be tax or legal advice. That makes it tough to know which one is best aligned with your retirement income needs. This versatile annuity also includes a built-in income and death benefit rider at no added premium charge. You could receive 15% one year and 0% for 2 other years. However, that being said, this annuity could also fall somewhat short if you needed the income to start before 7 years. Additional limitations, state variations, and exclusions may apply. (And, unlike many fixed indexed annuities, the income rider on the Athene Agility 7 is added at no extra charge). You should always consult your own financial planning, tax, and legal advisors to determine if a fixed annuity, fixed index annuity, immediate annuity, longevity annuity, or Qualified Longevity Annuity Contract is suitable for your financial situation. In order to read the companys press releases in full regarding this matter, go HEREand HERE. This is where the Annuity Gator comes in! There are also some added bells and whistles that youll find on the Agility annuity from Athene, including: Dont worry well cover all of this shortly. Athene describes the Agility 7 annuityas a fixed indexed annuity for income with agility.. Enhanced Death BenefitThe Benefit Base is paid out in equal payments over the currently declared Death Benefit Payout Period. MLSB Index Performance (Back-Tested & Actual) January 13, 1985, to December 31, 2020. It happened to me on Thursday morning when I found about the hidden fees in the Allianz 222. Best, Just contact us and we will help you review what annuities would be better for income starting earlier. It could also be that you have recently attended an annuity seminar where, in return for a free dinner or lunch, the presenter had your attention while he or she described the Athene Agility 7-year fixed indexed annuity. What would be a better fit if need income before? Reviews are posted at the request of readers so they could see an independent perspective when breaking down the positives and negatives of specific annuity contracts. So, it makes it even more essential that you read over all of the fine print before you commit what could be a large percentage of your savings to this annuity. Her goal. We have heard many advisors say that you could take the free withdrawal from the Allianz 222 for years 8, 9, and 10. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. You can selectively provide your consent below to allow such third party embeds. We have actually just recently updated our Allianz 222 annuity review, so please feel free to check back to our AnnuityGator.com website in order to check out the May 2017 information. It has a participation rate and capped index crediting strategies as well as a fixed-interest option. Annuity and Insurance Agency 1050 Crown Pointe Parkway Atlanta, GA 30338. Two-Year Point to Point. North American PrimePath 12. Before purchasing any investment product be sure to do your own due diligence and consult a properly licensed professional should you have specific questions as they relate to your individual circumstances. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. This shows that the company . Allianz See all Allianz Annuities. Athene passes this test with strong financial ratings and comes in #1 in overall index annuity sales in 2020. We would be happy to assist you to find similar annuities to Athene Agility 7. Then there's probably a fixed or fixed indexed annuity that will work best. "Earn a 10-15% Bonus. When you have a financial product that offers any type of guarantee on it, its likely that there will also be tradeoffs to consider somewhere along the line. The company also holds approximately approximately $2 billion in excess capital. Over time, there can be a significant difference between these two figures. However, we feel that providing you with too much information is far better than not giving you enough. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. This includes the good, the bad, and yes, even the ugly. Technically you could withdraw your free 10% each year but that would not be using this contract to its full advantage. Products not available in all . This is much different in contrast to the best-selling 222 which makes the annuity owner wait 10 years prior to turning on lifetime income. Athene Agility 10 Crediting Strategies and Rates, Athene Annuity and Life Insurance Company, Annual Point to Point Crediting Method Explained, Nasdaq FC Index (BOFANFCC) | In Athene Annuities, Fixed Index Annuity Gets Artificial Brain | AiPex Index, 10 Best Fixed Index Annuity Companies April 2023, Case Study: North American Income Pay Pro Annuity, 2-Year No Cap Point-to-Point Index Strategy (Par Rate), 1-Year No Cap Point-to-Point Index Strategy (Par Rate), 2-Year Point-to-Point Index Strategy (Cap), 1-Year Point-to-Point Index Strategy (Cap), Uncapped crediting options available on 4 of the indexes, Annual point-to-point and two-year point-to-point options available for diversification, Innovative AiPex, BNPMAD5, and Nasdaq FC Indexes, Athene is a Strong and Financially Stable Insurance Company, All riders are built-in at no cost (no fees), The hypothetical Rate of return on back-testing is not as good as other annuity products, including Athenes own.

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