Are there any other annuities that you would like to know more about? 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. 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. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. It also includes a built-in income and death benefit rider at no additional charge. So without further ado; let us dive into our Athene Agility 10 Review. Contact your back office or the Athene Sales Desk for product availability. Required fields are marked *. This annuity review will give you a good start on that. P.S If you would like to read more of our Athene annuity reviews here are some links to check out: Thank you. I did notice a possible error. The Athene Agility annuity is a fixed indexed annuity with a $10,000 minimum investment and a maximum issue age of 83. So, if youre ready to begin this review, lets go ahead and dive in! We are not looking for income just safe growth-, Hi Robert Thank you for your comment. Athene describes the Agility 7 annuityas a fixed indexed annuity for income with agility.. Annuity Gator, We are looking for a place to park $400k for 7-10 years. First, the Athene Agility guarantees a higher amount of lifetime income if we had an extended time of poor performance in the market indexes. Annualized Credited Rate does not reflect anyrider or contract charges. Our main mission here at Annuity Gator is to help you locate the best annuities available, and to guide you towards the one (or ones) that fit your specific needs and away from the ones that dont. Best, The main reason for this is variable annuities do offer . 3.25%. Athene Annuity and Life Company have not endorsed this product review in any fashion and we dont receive any compensation from it. Insurance companies also change their products and information often and without notice. You could receive 15% one year and 0% for 2 other years. To help you decide on the annuity thats perfect for you, SmartAssets experts have reviewed annuities from a wide range of providers. The indexed interest is based on actual index performance during the most recent 10-calendar year period for the first 10 years. 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. In fact, this product is quite strong in several areas that are extremely important to both retirees, as well as those who are preparing for retirement, such as: For instance, with this product, your income could increase each year, depending on the index strategies that you chose. Variable annuities have these features too, they just don't offer quite as high guarantees as fixed type annuities at this time. Athene has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. Our primary mission here at Annuity Gator is to help you find the best annuities available, and to guide you towards the one (or ones) that fit your specific needs, and away from the ones that dont. Annuity; Retirement; Videos 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. 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. 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. Ill wrap up my Athene Agility 10 review with some final thoughts. In addition to possible surrender charges, there can also be some other fees involved if you own the Athene Agility fixed indexed annuity. MAY LOSE VALUE. What is the most important reason for that score? These annuities allow customers to tie their assets to a market index available through Athene. Description. 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. We would be happy to run an analysis for you to see what type of annuity may be a good fit. That is a big difference, the Allianz 222 income is to be turned on after 10 years. AND, the income increases are locked in, so they can be lost, regardless of what happens in the market.. . The FIA products also allow you to get income for life, so you can alleviate any worry about running out of income in retirement. 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. 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. 8%. 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. For complete information about the cookies we use, data we collect and how we process them, please check our. If this is the case there are better alternative annuities, just check with us. In 2021, Athene Annuity & Life Company received an overall NAIC complaint index of 0.10, well below the 1.0 average. 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. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. Reinsurers may not be licensed in all states. We would be happy to assist you to find similar annuities to Athene Agility 7. Heres how the annuity might look over a 30-year period. You can take a closer look at the Athene complaints HERE. You can also take a peek at the full Athene Agility annuity product guide HERE. That makes it tough to know which one is best aligned with your retirement income needs. Please feel free to contact us directly, toll-free, at (888) 440-2468 to chat with one of our annuity specialists or visit https://annuitygator.com/contact/ This is where the fixed indexed annuity can come in. But even so, the only way to really know if the Athene Agility 10 annuity is right for you is to have it tested. 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. 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. 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. 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. As of mid-2020, Athene held nearly $147 billion in total GAAP assets. (cant use for in-home health cases like you can in the. These charges are set up as follows: Athene Agility 10 Annuity Surrender Charge Schedule. Your email address will not be published. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. It happened to me on Thursday morning when I found about the hidden fees in the Allianz 222. 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. Hi Axel, Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). If you want your income to start before that then there are better annuities to meet that goal. We also use content and scripts from third parties that may use tracking technologies. My Annuity Store, Inc. is a licensed fixed annuity producer and does not advise clientson the purchase of non-fixed annuity products. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. 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. Reinsurance products are not protected or guaranteed by state insurance guaranty associations or insolvency funds. None. Withdrawals are based upon the Accumulated Value of the last Contract Anniversary. Her goal. 25% Nasdaq 100 Annual Point to Point with 3.25% annual cap. 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. 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. Hi Richard Thank you for your message. 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. P.S If you would like to read more of our Athene annuity reviews here are some links to check out: Has anything changed with respect to the Athene Agility 7 annuity since your review.? You can find these reviews in our massive annuity review database that is located on our website. Index annuities are fixed annuities and generate fixed income type of returns. This is because these 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. 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. Should that read, .the income increases are locked in, so that CANT be lost? Athene Protector 5. 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. We look forward to chatting with you. Jason Caudill is President of My Annuity Store, Inc. and has distributed more than $1.5 Billion of annuities during his career. Second, you can receive a bonus on the Protected Income Value (PIV) of . The illustration is not valid without all 18 pages and the statement of understanding. 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. 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. 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. The account value is real money and what you could withdraw as a lump sum at the end of the . However, even though this best of all worlds scenario initially seems very appealing, these benefits can also come at a cost. 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. To check out the Annuity Gators updated review of the Allianz 222 annuity go HERE. All transactions are subject to meeting a reinsurers underwriting requirements. What are other similar annuities to this one? We have made the necessary changes. 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. Hi Craig- Thank you for your message. 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. The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. 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. Annuity contracts and group annuity contracts are issued by Athene Annuity and Life Company (61689), West Des Moines, IA, and Athene Annuity & Life Assurance Company (61492), Wilmington, Delaware, in all states (except New York), and in D.C. and PR. 9%. Increases are locked in and cannot be lost, regardless of future index performance. It gives you accumulation potential now (with two ways to get a bonus), 1 plus options to customize your income later. It also offers a built-in death benefit rider at no additional charge. 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. The contract features described may not be current and may not apply in the state in which you reside. Retire in 11+ Years. 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. For a direct comparison of the Allianz 222 annuity versus the Athene Agility 10 annuity, go HERE. Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. However, there are a few areas to keep in mind that could cost you, if youre not careful. 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). My financial dude has brought me Athene Performance Elite Plus 7. An in-depth look at performance-based & Guaranteed options. It is not a recommendation to purchase or to sell an annuity. Over time, the returns will average out to be in the 2-4% range. 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. Alternatively, this particular annuity may not be an ideal fit for you if you: In order to truly get an idea of whether or not a fixed indexed annuity such as the Agility 7 from Athene is right for you, click here so that you can access our free annuity buyers report. 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. We look forward to chatting with you. It is not a recommendation to purchase or to sell an annuity. If the insured has any objections to any of the terms and conditions, s/he has the option to 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. Meaning you want your lifetime income to start at least 10 years or more down the road. American Equity IncomeShield 7 Annuity. 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. 3.75%. The best annuity for you will be determined by your individual goals and objectives, but generally speaking, Allianz, Athene, and AIG are the best fixed index annuity companies. So, be sure to check back soon and regularly to see all of our new and updated annuity reviews. Athene Agility Fixed Indexed Annuity Request Info. The Lifetime Income Withdrawal amount will be doubled if qualifications are met, and the Accumulated Value is greater than zero. 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. Annuity Marketplace . Enhanced Death BenefitThe Benefit Base is paid out in equal payments over the currently declared Death Benefit Payout Period. Rather than sending sensitive personal and financial details back and forth via email, though, it would be best to discuss via phone. Please reach out to your financial professional if you have any questions about insurance products and their features. 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. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. Not available in all states. Actual values may be higher or lower than the values shown. Best! 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. 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. Annual Point to Point #2. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year.
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