All content is for educational purposes only. 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. 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. Multi-year guarantee annuity. This annuity would not be a good fit if you planned to start the lifetime income before 7 years. This is where the fixed indexed annuity can come in. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. Allianz 222 Fixed Index Annuity Request Info. Required fields are marked *. AnnuityAdvisors - Where advisors go for advice - Annuity Financial In addition, the Athene Agility allows free withdrawals of 10% per year based on either the initial premium or the account value, whereas the 222 annuity from Allianz only allows you to take out up to 10% based on the initial premium. 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. 5%. 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? Please limit your response to 150 characters or less. 2Fixed indexed annuities are not stock market investments and do not directly participate in any stock or equity investments. This annuity would not be a good fit if you planned to start the lifetime income before 10 years. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. Or alternatively, you can contact us by going to https://annuitygator.com/contact/ and letting us know what time works best for you. If you have been thinking about purchasing an annuity so that you can attain tax-deferred growth with your savings, as well as a guaranteed lifetime income in retirement, then the Athene Agility 7-year fixed indexed annuity may be a good choice for you. Technically you could withdraw your free 10% each year but that would not be using this contract to its full advantage. The Athene Agility 7 FIA I believe offers a 20% bonus not a 25% as your article states. If so, just let us knowthe name (or names) of the annuity(ies) and our Annuity Gator annuity geeks will get on it. Description. Retire in 10 Years. This is an excellent annuity but it is really designed for income later. Enhanced Death Benefit capped at 125% Cash Surrender Value or 250% net premium in AK, HI, NJ, PA, and WA. 6%. None. 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. That's why Allianz 222 annuity gives you the flexibility to address life's "what ifs.". Training is required prior to selling any Athene annuity. Additionally, the Athene Agility 10 has a 10-year contract term and I suggest staying in the 5 to 7-year range for accumulation. Index annuities are fixed annuities and generate fixed income type of returns. Please call (855) 583-1104 if you have any questions or concerns. 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. 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 AGILITY. This companys life insurance offices are based out of Delaware, Iowa, and New York. 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. Confinement must begin after the first contract year. The Lifetime Income Withdrawal amount will be doubled if qualifications are met, and the Accumulated Value is greater than zero. You can also take a peek at the full Athene Agility annuity product guide HERE. To check out more of the in-depth details about this annuity directly from the companys product guide, you can go HERE. Please see the Certificate of Disclosure for moreinformation. Just check with us. To check out the Annuity Gators updated review of the Allianz 222 annuity go HERE. This shows that the company . Heres how the annuity might look over a 30-year period. Therefore, it is really important that you first discuss your needs with an annuity professional who can help you with sorting all of the intricate details. The highest guaranteed income for life. 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. This 10 year, MLSB Index Merrill Lynch Strategic Balanced Index, BNPIMAD5 Index: A Multi Asset Diversified Index by BNP Paribas, State Guaranty Association Coverage Limits by State. Hi Richard Thank you for your message. NOT A DEPOSIT. Best, (cant use for in-home health cases like you can in the. Annuity Gator, We are looking for a place to park $400k for 7-10 years. The S&P 500 without dividends was up 13.4%. 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. If this is something that would be of interest to you, then please contact us. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. We can assist you with that by running it through our annuity calculator, using your particular financial figures. This is best done via phone (as versus sending sensitive information back and forth via email). There are spreads, caps or participation rates that limit how much of the return you receive. What annuity ? Not all reinsurance products or structures offered are available in all jurisdictions. Your feedback is very important to us. 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. Please update. 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. I ran up against the Allianz 222 again and called a rep at a different company to get some clarification on a competing product. My Annuity Store, Inc. All rights reserved. Retire in 11+ Years. Allianz Endurance Plus (No Longer For Sale) American Equity IncomeShield 10 Annuity. You can selectively provide your consent below to allow such third party embeds. 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. Enhanced Death BenefitThe Benefit Base is paid out in equal payments over the currently declared Death Benefit Payout Period. We have heard many advisors say that you could take the free withdrawal from the Allianz 222 for years 8, 9, and 10. Meaning you want your lifetime income to start at least 10 years or more down the road. We would be happy to help with any of the questions you have regarding the Athene Performance Elite Plus 7. A 25% premium bonus only applies to Benefit Base, To qualify for the Enhanced Lifetime Income Withdrawals you must be confined to Qualified Care Facility for 180 out of the last 250 days. In the Allianz 222 Annuity, if you selected monthly sum crediting, you would be credited with a gain of 2.26%. Rather than sending sensitive personal and financial details back and forth via email, though, it would be best to discuss via phone. These charges are set up as follows: Athene Agility 10 Annuity Surrender Charge Schedule. We make up a team of annuity professionals who have a primary focus on offering comprehensive yet non-biased annuity reviews online. 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. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. 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. We look forward to chatting with you. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. Depending on your situation and goals, it could still be the right choice for you. We create opportunitiesfor your clients and for you with competitive annuity solutions for accumulation, income, protection and legacy. Variable annuities have these features too, they just don't offer quite as high guarantees as fixed type annuities at this time. Annuity Gator, For instance, with this product, your income could increase each year, depending on the index strategies that you chose. 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. An in-depth look at performance-based & Guaranteed options. Withdrawals are not credited with index interest in the year they are taken. For complete information about the cookies we use, data we collect and how we process them, please check our. 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. 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. 25% PIMCO Tactical Balance Index with 3.1% annual spread. 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. Prior to starting income, your Benefit Base will increase by 175% of any Interest Credits that are added to your annuitys Accumulated Value. It is important that note that Allianz can change your caps at any time. We have made the necessary edits to the article. Especially in light of the fact that the Allianz 222 is oftentimes directly compared to this Athene annuity. Athene has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. 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. 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). Rates and annuity payout rates are subject to change. Fixed indexed annuity. The FIA products also allow you to get income for life, so you can alleviate any worry about running out of income in retirement. MAY LOSE VALUE. 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. After the 30-day Bailout Window, all charges may apply. This means there are two separate values; an account value and a protected income value. Financial professionals will be paid a commission on the sale of an annuity. SIPS Maintenance - Oct 2022. One of the biggest reasons that consumers are so interested in fixed indexed annuities (FIAs) is because they can essentially offer the best of both worldsor at least it can appear that way. 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. Product features, limitations and availability vary; see the Certificates of Disclosure for details. You can selectively provide your consent below to allow such third party embeds. This companys life insurance offices are based out of Delaware, Iowa, and New York. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. Athene Agility Fixed Indexed Annuity Request Info. The top 3 index annuity companies have remained the same for the last four years, and have finished in the same exact order for 3 years running. 8 yr. 9 yr. 10 yr. 9% 9% 8% 7% 6% 5% 4% 3% 2% 1%, Your Benefit Base will continue to receive Interest Credits even while youre getting your retirement paycheck.. Thats where having an Annuity Investigator who loves math comes in. Not to be used with the offer or sale of annuities. 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. The Allianz 222 is a 10-year fixed index annuity with a guaranteed lifetime withdrawal benefit rider (GLWB) included. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. It is not a recommendation to purchase or to sell an annuity. Required fields are marked *. 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. 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. When considering the Athene Agility 7-Year Fixed Indexed Annuity, though, you can be confident that the principal you have in the account is safe, regardless of what happens in the market or even in the economy overall. You can't anticipate every challenge you might face in retirement. In addition, the Athene Agility 10 allows free withdrawals of 10% per year based either the initial premium or the account value, whereas the 222 annuity from Allianz only allows you to take out up to 10% based on the initial premium. And, this income can also rise over time to help you keep pace with the rising cost of goods and services that you need to purchase in retirement. The institutional channel includes reinsurance and group annuity contracts related to pension group annuities. Should that read, .the income increases are locked in, so that CANT be lost? Just contact us and we will help you review what annuities would be better for income starting earlier. Increases are locked in and cannot be lost, regardless of future index performance. Athene: Agility 10, Ascend Pro 10, & Performance Elite; Lincoln: OptiBlend Series; Global Atlantic: Choice Accumulation; SPIA. $1,000,000Higher Limits may be available with Home Office Approval, Minimum: $5,000 in AK, HI, MN, MO, NJ, OR, PA, TX, UT and WA. Thank you for your answer! 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. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Reinsurance products are not protected or guaranteed by state insurance guaranty associations or insolvency funds. To complete your product training, visit the RegEd site, Discover everything you need to know about the indices that power Athene annuities, go to Index Information, For product support or to run an illustration, contact the best Sales Desk in the business at 888-ANNUITY. As of mid-2020, Athene held nearly $147 billion in total GAAP assets. . When income is needed, the Agility shines in this area, too, as income payments may increase, based on the performance of the underlying index. 25% Nasdaq 100 Annual Point to Point with 3.25% annual cap. 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 is an independent Athene Agility 10 review, not a recommendation or solicitation to buy or sell an annuity. Best, What is the most important reason for that score? F&G; MYGA markets aren't great right now, so we're suggesting advisors consider looking at 5 year FIA as alternatives. Your email address will not be published. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. Especially in light of the fact that the Allianz 222 is oftentimes directly compared to this Athene annuity. ALLIANZ 222/ABC GLOBAL ATLANTIC CHOICE ACCUM. However, that being said, this annuity could also fall somewhat short if you needed the income to start before 10 years. Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. It is not a recommendation to purchase or to sell an annuity. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. The illustration is not valid without all 18 pages and the statement of understanding. NO BANK/CREDIT UNION GUARANTEE. I appreciate the annuity review for the Athene Agility 7 FIA. 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. Annuity Gator, Your email address will not be published. an interest bonus resulting in a credit of 150% of any interest you earn from your chosen allocations. 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. This in no way affects the quality, stability, or the strength of the Athene annuity products. 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. 1 yr. 2 yr. 3 yr. 4 yr. 5 yr. 6 yr. 7 yr . 8%. 3.25%. 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. This includes the good, the bad, and yes, even the ugly. 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 The Allianz 222 was allocated as follows: 25% S&P 500 Monthly Sum with 1.5% monthly cap. In addition, we also realize that the information about annuities can and often does change. Athene passes this test with strong financial ratings and comes in #1 in overall index annuity sales in 2020. And, if you have any additional questions, please contact us directly via phone, toll-free, at (888) 440-2468. 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. So financially, Athene is strong and stable. When evaluating an annuity it is always important to consider the insurersfinancial strength because an annuitys guarantees are backed by the claims-paying ability of the issuing insurance company. Another nice aspect is that your 10% no-charge withdrawals can be derived from the initial premium or the account value, whereas with the Allianz 222 Annuity it's only the former. 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). In this annuity review, we will be discussing the following details on the Athene Agility 7-year fixed indexed annuity: Annuities can be complex. 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. allianz offers a free look period but it doesn't state how long it is online. Where the Athene Agility 7 year really shines in comparison to the Allianz 222 annuity is the Agility offers a better participation rate for the income benefit. That is a big difference, the Allianz 222 income is to be turned on after 10 years. To check out more of the in-depth details about this annuity directly from the companys product guide, you can go HERE. 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. 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. Then there's probably a fixed or fixed indexed annuity that will work best. 3%. Kiara Caudill California License: 4109080. We make the complex, simple. American Equity IncomeShield 7 Annuity. All Rights Reserved | Privacy Policy, Independent Review of the Sammons LiveWell 10 Year Fixed Index Annuity, Independent Review of the Athene Agility 10 Annuity Pros and Cons Explained | Updated April 2020, We use cookies to enhance your experience while using our website. One-Time Checkup with a Financial Advisor, See all Brighthouse Financial Shield Annuities, Americo Financial Life and Annuity Review, Brighthouse Financial Shield Annuity Review, Fidelity & Guaranty Life Annuities Review, Lafayette Life Insurance Company Annuity Review, MetLife Annuities/Brighthouse Financial Annuities Review, Mutual Trust Life Insurance Company Annuity Review, Allianz Index Advantage Variable Annuity, Brighthouse Shield Level Select 6-Year Annuity, Brighthouse Shield Level Select 3-Year Annuity, Brighthouse Shield Level 10 Advisory Annuity. We look forward to chatting with you. When considering the Athene Agility 10 annuity, though, you can be confident that the principal you have in the account is safe, regardless of what happens in the market or even in the economy overall. 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. This waiver is available after your first Contract Anniversary. Athene Agility 10 Annuity. It was very informative. But, before you run out and commit to this annuity or to any annuity it is highly recommended that you first attain a good understanding of how the annuity works, and how it may (or may not) work for you. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. During the annuitys accumulation period (prior to converting over to an income stream), the Agility 7 offers an initial 20% bonus that can help to boost the income riders benefit base. Annuity contracts and group annuity contracts are issued by Athene Annuity & Life Assurance Company of New York (68039), Pearl River, NY, in New York state. Hi Robert Thank you for your message. The Death Benefit Payout Period is currently set to five years and is guaranteed not to exceed ten years. However, there are a few areas to keep in mind that could cost you, if youre not careful. Product features, limitations and availability vary; see the Certificates of Disclosure for details. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. 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. Besides Athene Agility 10, Any annuity that you purchase should ideally be matched with your specific situation, in terms of risk tolerance and time frame, as well as when you want your income to start. 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. Withdrawals are based upon the Accumulated Value of the last Contract Anniversary. Over the past few years, Athene has received a number of customer complaints through the Better Business Bureau (BBB). Insurance products may not be available in all states. Best. Her goal. Kiara Caudill California License: 4109080. 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. Athene Protector 5. 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. The values show what would happen if the indexed allocations earn zero indexed interest and the fixed allocation earns the minimum guaranteed fixed rate in all years. 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. Athene Annuity and Life Company have not endorsed this product review in any fashion and we dont receive any compensation from it. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. To help you decide on the annuity thats perfect for you, SmartAssets experts have reviewed annuities from a wide range of providers. (optional). Jackson National Perspective II Lifeguard Freedom Flex, Independent Review of the Athene Agility 7-Year Fixed Indexed Annuity [Updated December 2020], Athene held nearly $147 billion in total GAAP assets, 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, Athene Agility 10-Year 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, 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 seven full years of purchasing the annuity, Do not intend to use the lifetime income feature of the annuity.

Power Bi Sum Values From Different Tables, Articles A