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. 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. Thats where having an Annuity Investigator who loves math comes in. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Second, you can receive a bonus on the Protected Income Value (PIV) of . This, however, isnt really all that uncommon, as there are many different annuities, and there many different thoughts about them. Additionally, the Athene Agility 10 has a 10-year contract term and I suggest staying in the 5 to 7-year range for accumulation. 6%. Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. It gives you accumulation potential now (with two ways to get a bonus), 1 plus options to customize your income later. Product features, limitations and availability vary; see the Certificates of Disclosure for details. The indexed interest is based on actual index performance during the most recent 10-calendar year period for the first 10 years. The even better news is that this isn't the only product that can be used in this manner (e.g., Allianz 222, and Athene Agility). If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. 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. What would be a better fit if need income before? With that in mind, it is important to note that this annuity is primarily geared towards receiving income later (at least seven years after purchasing the product) as versus income now.. P.S If you would like to read more of our Athene annuity reviews here are some links to check out: Thank you. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. When income is needed, the Agility shines in this area, too, as income payments may increase, based on the performance of the underlying index. This waiver is available after your first Contract Anniversary. Not available in all states. With timely insights, in-depth product information and client-approved materials, our business-building toolkits are designed to help you and your clients do more. This insurer is rated as the number two carrier in fixed indexed annuity sales, and has been consistently for the past three years. MAY LOSE VALUE. Kiara Caudill California License: 4109080. AIG (now Corebridge Financial) Total fixed index annuity sales were $79.4 billion in 2022, up 25% from 2021, and 8% higher than the record set in 2019. 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. This, however, isnt really all that uncommon, as there are many different annuities out there in the world, and there almost as many different thoughts and opinions about them. Nothing on this website is a recommendation to buy or sell an annuity. 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. 3.25%. The FIA products also allow you to get income for life, so you can alleviate any worry about running out of income in retirement. This in no way affects the quality, stability, or the strength of the Athene annuity products. The more specific and detailed you are, the more likely well be able to help . We also use content and scripts from third parties that may use tracking technologies. In addition to possible surrender charges, there can also be some other fees involved if you own the Athene Agility fixed indexed annuity. Annuity Gator. Increases are locked in and cannot be lost, regardless of future index performance. Products not available in all . 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. Athene is driven to deliver innovative fixed and fixed indexed annuities that help you win your 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. Annual Withdrawals. Athenes website describes the Agility annuity as one that can help you open the doors to retirement possibilities. 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. Thank you for pointing that out. Athene USA is a somewhat newer name for an acquisition of a long-established life insurance carrier that has a century-old track record in the insurance and financial services industry. 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. Over time, there can be a significant difference between these two figures. Please update. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. If you want your income to start before that then there are better annuities to meet that goal. Kiara Caudill California License: 4109080. 1; 2; . 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. All investing involves risk, including loss of principal. Athene has acknowledged this and made the corrections with the third-party subcontractor so that this would not be an issue going forward. AND, the income increases are locked in, so they cant be lost, regardless of what happens in the market. The Allianz 222 was allocated as follows: 25% S&P 500 Monthly Sum with 1.5% monthly cap. Not to be used with the offer or sale of annuities. Reinsurance contracts are entered into with Athene Annuity and Life Company (61689), West Des Moines, IA; Athene Annuity & Life Assurance Company (61492), Wilmington, Delaware; Athene Annuity & Life Assurance Company of New York (68039), Pearl River, NY; and Athene Life Re Ltd., Hamilton, Bermuda. AnnuityAdvisors - Where advisors go for advice - Annuity Financial Reinsurers may not be licensed in all states. In addition, we also realize that the information about annuities can and often does change. I appreciate the annuity review for the Athene Agility 7 FIA. This is a great option if you are less than 60 years of age and plan to use this annuity as part of your retirement income plan. All content is for educational purposes only. This annuity review is meant solely to be an independent review at the request of our readers so that they may see our perspective when breaking down the positives and the negatives of this particular annuity. I am showing an Athene Agility 10 Illustration using a $50,000 initial premium into the: Heres how the annuity might have looked over 3 different 10-year periods. 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: Yet, as nice as these claims might be, this hype makes it even more necessary for you to make sure that the claims are actually true before you move forward and commit a large percentage of your money to such products. Best, Technically you could withdraw your free 10% each year but that would not be using this contract to its full advantage. 4This benefit is NOT long-term care insurance nor is it asubstitutetherefore. All content is for educational purposes only. We have heard many advisors say that you could take the free withdrawal from the Allianz 222 for years 8, 9, and 10. Are there any other annuities that you would like to know more about? Therefore, if you happened to notice if there were any details within this review that should be revised, please let us know that too, and we will be glad to make the necessary updates to it. It could also be that you have recently attended an annuity seminar where, in return for a free meal, the presenter had your attention while he or she described the Athene Agility 10 Year fixed indexed annuity. This in no way affects the quality, stability, or the strength of the Athene annuity products. 5%. For complete information about the cookies we use, data we collect and how we process them, please check our. We make up a team of annuity professionals who have a primary focus on offering comprehensive yet non-biased annuity reviews online. You can selectively provide your consent below to allow such third party embeds. Due to our experience and longevity in this area, we have become quite good at what we do, and weve actually come to be known as a highly trusted source of annuity information on the Internet. You can find these reviews in our massive online annuity review database that is located on our website. For additional information on how to compare fixed annuities so that you can decide which may be the best one for you, click here in order to obtain our free annuity report. 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. Comprehensive guide to selecting the best annuity income rider based on your goals. 1 yr. 2 yr. 3 yr. 4 yr. 5 yr. 6 yr. 7 yr . 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. As with other fixed indexed annuities, the Athene Agility 10 annuity offers the opportunity for market-linked growth, but without worry about losses in a market downturn. On each Anniversary, the Benefit Base will be credited 175% of the dollar amount credited to the Accumulated Value. So, it makes it even more essential that you read over all of the fine print about an annuity before you commit what could be a large percentage of your savings to the product. In 2020, Athene scored a 0.34, and in 2019, a 0.51. Withdrawals in excess of the free amount are subject to a Withdrawal Charge which may result in the loss of principal if taken during the Withdrawal Charge Period. 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). This annuity would not be a good fit if you planned to start the lifetime income before 10 years. But, due in large part to the increased number of new-fangled products that are being pushed out into the market by insurance companies each trying to outdo the other these particular annuities can also be extremely confusing. In addition, we also realize that the information about annuities can and often does change. Athene Performance Elite 7. Additional limitations, state variations, and exclusions may apply. Jason Caudill is President of My Annuity Store, Inc. and has distributed more than $1.5 Billion of annuities during his career. All transactions are subject to meeting a reinsurers underwriting requirements. . These charges are set up as follows: Athene Agility 10 Annuity Surrender Charge Schedule. Your email address will not be published. My Annuity Store, Inc. is a licensed fixed annuity producer and does not advise clientson the purchase of non-fixed annuity products. Athene Agility Fixed Indexed Annuity Request Info. If you are considering this annuity for yourself, we would be happy to help you understand this product better and get into all of its details. . Athene Agility 7, 10 RegEd Code: Agility710_2018 Athene Ascent Pro 7 RegEd Code: PRO7_2017 Athene Ascent Pro 7, 10 RegEd Code: PRO710_2017 If you have been thinking about buying an annuity so that you can lock in tax-deferred growth with your savings, as well as a guaranteed lifetime income in the future, then the Fixed-Indexed Athene Agility 10 annuity may be a viable option for you. But even so, the only way to really know if this annuity is right for you is to have it tested. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. In addition, your benefit base can continue to grow, even after you are turned on the income stream. The term financial professional is not intended to imply engagement in an advisory business with compensation unrelated to sales. However, that being said, this annuity could also fall somewhat short if you needed the income to start before 10 years. In addition to its a rating from S&P, the company has also earned an A from A.M. Best and an A from Fitch. Annuity Gator, Your email address will not be published. If this is your first visit to our website, we would like to formally welcome you to Annuity Gator. American Equity IncomeShield 7 Annuity. This is where the fixed indexed annuity can come in. Over the past few years, Athene has received a number of customer complaints through the Better Business Bureau (BBB). 2%. This material is provided by Athene Annuity and Life Company headquartered in West Des Moines, Iowa, which issues annuities in 49 states and D.C., and Athene Annuity & Life Assurance Company of New York headquartered in Pearl River, New York, which issues annuities only in New York. 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. Values shown are not guaranteed unless specifically stated otherwise. What 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. 2.5%. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. Also, as with most other annuities, if more than 10% of the contracts value is withdrawn during the surrender charge period, a withdrawal charge penalty will be incurred. 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. For additional information on how to compare fixed annuities so that you can decide which may be the best one for you, click here in order to obtain our free annuity report. If youve been reviewing annuities on the Internet, it is possible that you have come across some highly conflicting information about these products. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. Athene Protector 5. Over time, there can be a significant difference between these two figures. We realize that this annuity review ran a tad bit on the long side, however, we feel that providing you with too much information is far better than not giving you enough. Granted we dont know what the markets will do, but if we did have an extended period where they did not perform, then Athene would give you a higher lifetime income. 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. The illustration is not valid without all 18 pages and the statement of understanding. We would be happy to assist you to find similar annuities to Athene Agility 7. 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. For a direct comparison of the Allianz 222 annuity versus the Athene Agility 10 annuity, go HERE. 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. In order to read the companys press releases in full regarding this matter, go HEREand HERE. Please reach out to your financial professional if you have any questions about insurance products and their features. Weve been creating annuity reviews for quite some time now far longer than our competitors have although many of them would like to have you think otherwise. 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. 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 Annuity and Life Company have not endorsed this product review in any fashion and we dont receive any compensation from it. Should that read, .the income increases are locked in, so that CANT be lost? https://annuityassociation.comathene agility - athe. 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. The Death Benefit Payout Period is currently set to five years and is guaranteed not to exceed ten years. Allianz: 222 and 360; . The Annuity Gator. Therefore, if you happened to notice if there were any details within this review that should be revised, please let us know that too, and we will be glad to make the necessary updates to it. Save my name, email, and website in this browser for the next time I comment. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. The company also holds approximately approximately $2 billion in excess capital. This is where the Annuity Gator comes in! 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. Your email address will not be published. Rather than sending the info back and forth via email, it would be best to discuss by phone. If the insured has any objections to any of the terms and conditions, s/he has the option to If so, just let us know the name (or names) of the annuity(ies) and our Annuity Gator annuity geeks will get on it. Heres how the annuity might look over a 30-year period. With that in mind, a financial advisor is likely to focus on this best of all worlds scenario when presenting this product to you. We make the complex, simple. Athene Agility 10 Annuity. We repeat the index performance from this 10-year period afterward. However, that being said, this annuity could also fall somewhat short if you needed the income to start before 7 years. . The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. Please call (855) 583-1104 if you have any questions or concerns. Are there any other annuities that you would like to know more about? For instance, in addition to knowing that it can be costly to change your mind, you should also consider why you may be choosing one fixed indexed annuity over a long list of other products that may also suit your particular financial needs. But it is that type of annuity jargon that can really confuse people into thinking that theyre getting a great deal, when in fact there are some tradeoffs you may need to make in order to get the benefits. Jason has been a student of annuities since the age of 21 when was an intern for New York Life Insurance Company. 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. Annuity Gator, For instance, with this product, your income could increase each year, depending on the index strategies that you chose. 5%. Just like other types of annuities, these products also offer tax-deferred earnings within the account and, there is the option to receive a lifetime income in retirement, regardless of how long you may need it. The Athene Agility 10 Year Fixed Indexed annuity could work for you if you are looking for: This product can also provide an opportunity for individuals who have various health issues (and in turn, who may not qualify for a traditional, standard life insurance policy) to secure death benefit protection through the annuity. However, because there are so many moving parts on fixed indexed annuities, you really need to take a deeper look into how the components of these annuities work, because typically, they arent always a walk in the park when it comes to generating the returns you are anticipating. An in-depth look at performance-based & Guaranteed options. Her goal. The Allianz Benefit Control Annuity gives the policyholder the ability to begin income on any monthly contract anniversary after age 50, with no minimum waiting period, according to Allianz Life. allianz offers a free look period but it doesn't state how long it is online. 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. The main reason for this is variable annuities do offer . Fixed indexed annuities can offer some very nice advantages starting with the fact that they provide you with the opportunity to attain a higher return than a regular fixed annuity, yet the FIA will still protect your principal in any type of market environment. This annuity could work for you if you are looking for: This product could also provide a way for individuals who have certain health issues and may not qualify for a traditional, standard life insurance policy to secure death benefit protection via the annuity.
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