Insurance companies also change their products and information often and without notice. 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. Annuity Gator, Your email address will not be published. Allianz 222 - ALLIANZ222V2 Allianz 360 - ALLIANZ360V2 Allianz 365i - ALLIANZ365iV2 Allianz Benefit Control Product Training: ABCANNUITY . Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. Best, What is the most important reason for that score? NO BANK/CREDIT UNION GUARANTEE. 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). The Athene Agility 10 is a fixed index annuity with a 10-year contract term. It may even have been your attendance at that event that has led you online, on a quest for more information. If you have been in the process of reviewing annuities online, it is possible that you have come across some vastly conflicting information about these products. 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. Required fields are marked *. 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. 25%Bloomberg US Dynamic Balance Index II with 3.2% annual spread. 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. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. If Excess Withdrawals, Withdrawal Charges or Market Value Adjustments (MVAs) reduce the contracts Accumulated Value to zero, your Lifetime Income Withdrawal Payments willstopand the rider will terminate. In addition to possible surrender charges, there can also be some other fees involved if you own the Athene Agility 10 Year Fixed Indexed annuity. I appreciate the annuity review for the Athene Agility 7 FIA. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. Meaning you want your lifetime income to start at least 7 years or more down the road. If you plan to turn this portion of your portfolio into a lifetime income stream, Agility 10 is quite possibly the best option available (Allianz 222 also gets consideration). Sometimes it can really help to see first hand how a financial product has been or has not been working out for other investors. Especially in light of the fact that the Allianz 222 is oftentimes directly compared to this Athene annuity. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. Independent Review of the Athene Agility 7-Year Fixed Indexed Annuity [Updated December 2020], Independent Review of the American General Life Insurance Company Power 10 Protector Plus Income Index Annuity, We use cookies to enhance your experience while using our website. This waiver is available after your first Contract Anniversary. Annuity Gator, We are looking for a place to park $400k for 7-10 years. 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. First, the Athene Agility guarantees a higher amount of lifetime income if we had an extended time of poor performance in the market indexes. This field is for validation purposes and should be left unchanged. 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. In this annuity review, we will be discussing the following details on the Fixed Indexed Athene Agility 10 Year annuity: Annuities can be complex. Annuities are distributed by My Annuity Store, Inc. 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. Products not available in all states. 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. 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. 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. 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. In addition to incurring a surrender charge from Athene, if you make such a withdrawal prior to turning age 59 1/2, then you could also be hit with an additional 10% early withdrawal charge from the IRS. You can withdraw up to 100% of your annuitys Accumulated Value if the Annuitant is diagnosed with a Terminal Illness that is expected to result in death within one year and you meet the eligibility requirements. 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. (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. Thank you for your answer! In fact, dare we say that our website is the only place online where you can obtain all of the information that you require for making a well-informed purchasing decision about this annuity. Withdrawals are not credited with index interest in the year they are taken. What annuity ? 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. However, even though this best of all worlds scenario initially seems very appealing, these benefits can also come at a cost. My Annuity Store, Inc. All rights reserved. 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. So financially, Athene is strong and stable. Please update. An in-depth look at performance-based & Guaranteed options. All content is for educational purposes only. Additional limitations, state variations, and exclusions may apply. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. None. Over time, the returns will average out to be in the 2-4% range. Insurance companies often issue contracts that are state-specific. Enhanced Death BenefitThe Benefit Base is paid out in equal payments over the currently declared Death Benefit Payout Period. 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 I did notice a possible error. 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.. 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. Athene describes the Agility 7 annuityas a fixed indexed annuity for income with agility.. Download: Athene Agility 10 Rates & Product Guide. How would you rate your experience using SmartAssets financial advisor matching service so far? If this would be of interest to you, please contact us using the form below: document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We realize that this annuity review ran a bit on the long side. Confinement must begin after the first contract year. 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. an interest bonus resulting in a credit of 150% of any interest you earn from your chosen allocations. We also use content and scripts from third parties that may use tracking technologies. Athene USA services customers in all 50 of the United States. $10,000. This 10 year fixed index annuity comes with many features built-in for free; however, as great as it is it isnt for everyone. You can find these reviews in our massive online annuity review database that is located on our website. You can take a closer look at the Athene complaints HERE. 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. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. Thats where having an Annuity Investigator who loves math comes in. It is not a recommendation to purchase or to sell an annuity. So, if youre ready to begin this review, lets go ahead and dive in! 3.75%. 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. That being said, if youve been seeking more in-depth details about the Athene Agility 10 annuity, you have certainly landed in the right place. Over the past few years, Athene has received a number of customer complaints through the Better Business Bureau (BBB). One of the biggest reasons that consumers are so interested in fixed indexed annuities (also referred to simply as FIAs) is because these products can essentially offer the best of both worldsor at least it can appear that way. Athene is driven to deliver innovative fixed and fixed indexed annuities that help you win your market. An index may not include dividends paid on the underlying stocks, and therefore may not reflect the total return of the underlying stocks; neither an index nor any market-indexed annuity is comparable to a direct investment in the equity markets. 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. American Equity IncomeShield 7 Annuity. Athene USA services customers in all 50 of the United States. AND, the income increases are locked in, so they can be lost, regardless of what happens in the market.. AnnuityAdvisors - Where advisors go for advice - Annuity Financial This insurer is rated as the number two carrier in fixed indexed annuity sales, and has been consistently for the past three years. Increases are locked in and cannot be lost, regardless of future index performance. In 2020, Athene scored a 0.34, and in 2019, a 0.51. Average Retirement Savings: How Do You Compare? Bail-OutIf Athene lowers the declared 1-Year Point-to-Point Index Strategy Cap Rate below the Bailout Cap Rate, youll have full access to your annuitys Accumulated Value-free of any charges for up to 30 days after the Contract Anniversary in which the Bailout Cap Rate was pierced. However, there are a few areas to keep in mind that could cost you, if youre not careful. 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. First, the Athene Agility guarantees a higher amount of lifetime income if we had an extended time of poor performance in the market indexes. Athene is a leading retirement services company that is dedicated to helping individuals and institutions fund retirement needs. Annualized Credited Rate does not reflect anyrider or contract charges. As an additional bonus, fixed indexed annuities can also provide you with the ability to receive a guaranteed income for the remainder of your lifetime (as well as that of a spouse or partner, if applicable) regardless of how long that income may be needed. AnnuityGator. For a direct comparison of the Allianz 222 annuity versus the Athene Agility 10 annuity, go HERE. ALLIANZ 222/ABC GLOBAL ATLANTIC CHOICE ACCUM. Levels for the Index before August 12, 2014, represent hypothetical data determined by the retroactive application of a back-tested model, Home Annuity Reviews North American Income Pay Pro 10 Reviewed Sherris Case Study Sherri is 49 years old and isnt exactly sure when she will retire; I guess who really is? In addition, as annuities and fixed indexed annuities in particular have become more popular over the past several years, more and more insurance carriers are introducing new products out into the marketplace. This holds true (somewhat) with the Athene Agility 7 fixed indexed annuity. So, be sure to check back soon and regularly to see all of our new and updated annuity reviews. 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. 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. Financial professionals will be paid a commission on the sale of an annuity. Products not available in all . Annuity Gator, For instance, with this product, your income could increase each year, depending on the index strategies that you chose. 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. We look forward to hearing from you. If this is your first visit to our website, we would like to formally welcome you to Annuity Gator. If you want your income to start before that then there are better annuities to meet that goal. 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. For example, 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. So, if youre ready to begin this review, lets go ahead and dive in! Second, you can receive a bonus on the Protected Income Value (PIV) of . Here's one way to help prepare for life's "what-ifs". 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. F&G; MYGA markets aren't great right now, so we're suggesting advisors consider looking at 5 year FIA as alternatives. Below are the tables from a $100K Athene Agility 10 Illustration placing $50,000 of premium into each of these 2 crediting options: The annuity was purchased at age 55 and income payments are deferred for 10 years; the number is for single lifetime income payments. 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. Learn the features and benefits, rates, and more of the Agility 10 Fixed Index Annuity offered by Athene. NOT A DEPOSIT. 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. Quick View. 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.
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