The term financial professional is not intended to imply engagement in an advisory business with compensation unrelated to sales. 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.? 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. However, we will be in a better position to know that after getting some additional information from you. 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. We are not looking for income just safe growth-, Hi Robert Thank you for your comment. AND, the income increases are locked in, so they can be lost, regardless of what happens in the market.. Please see the Certificate of Disclosure for more information. North American; Nationwide; Global Atlantic; MYGA. 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. 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. Just contact us and we will help you review what annuities would be better for income starting earlier. However, even though this best of all worlds scenario initially seems very appealing, these benefits can also come at a cost. The highest guaranteed income for life. Insurance companies often issue contracts that are state-specific. 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. The Allianz 222 is a 10-year fixed index annuity with a guaranteed lifetime withdrawal benefit rider (GLWB) included. 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. 25%Bloomberg US Dynamic Balance Index II with 3.2% annual spread. Sometimes it can really help to see first hand how a financial product has been or has not been working out for other investors. 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. Guarantees are subject to the claims-paying ability of the insurer. 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. All Rights Reserved | Privacy Policy, Please be as specific as possible. 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. The indexed interest is based on actual index performance during the most recent 10-calendar year period for the first 10 years. 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. Please feel free to reach out to us directly, toll-free, at (888) 440-2468. Please limit your response to 150 characters or less. Please feel free to contact us directly, toll-free, at (888) 440-2468 to chat with one of our annuity specialists or visithttps://annuitygator.com/contact/ We have made the necessary edits to the article. Athene is driven to deliver innovative fixed and fixed indexed annuities that help you win your market. 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. There are spreads, caps or participation rates that limit how much of the return you receive. Actual values may be higher or lower than the values shown. Athene describes the Agility 7 annuityas a fixed indexed annuity for income with agility.. Download: Athene Agility 10 Rates & Product Guide. Thats where having an Annuity Investigator who loves math comes in. Jason Caudill is President of My Annuity Store, Inc. and has distributed more than $1.5 Billion of annuities during his career. 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). Athene has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. So, if youre ready to begin this review, lets go ahead and dive in! 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. 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. You can find these reviews in our massive annuity review database that is located on our website. The company also holds approximately approximately $2 billion in excess capital. So financially, Athene is strong and stable. If so, just let us knowthe name (or names) of the annuity(ies) and our Annuity Gator annuity geeks will get on it. 5Beneficiary can elect to receive a lump sum payment of the Accumulated Value or the Benefit Base paid out over a period not to exceed 10 years. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. 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. If this is your first visit to our website, we would like to formally welcome you to Annuity Gator. Save my name, email, and website in this browser for the next time I comment. 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. 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. Athene Agility is designed to deliver strong income and growth potential plus liquidity. But the annuity market can be difficult to understand: There is a wide range of annuity products, each offering its own set of terms, fees, and paperwork. 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. Meaning you want your lifetime income to start at least 7 years or more down the road. 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. If you want your income to start before that then there are better annuities to meet that goal. 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. 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. The cap and participation rates are lower than they are on Athenes other annuity products. We look forward to hearing from you. Annuity Gator, For instance, with this product, your income could increase each year, depending on the index strategies that you chose. 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. 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. 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. Or alternatively, you can contact us by going to https://annuitygator.com/contact/ and letting us know what time works best for you. 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. 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. And, if you have any additional questions, please contact us directly via phone, toll-free, at (888) 440-2468. What would be a better fit if need income before? 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. 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. 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. We look forward to chatting with you. Annual Point to Point #2. This can be beneficial in helping to keep incoming cash flow at, or even ahead of, the rate of future inflation. Athene Ascent SM Pro 10 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. Increases are locked in and cannot be lost, regardless of future index performance. Two-Year Point to Point. ATHENE - Agility 10 . We would be happy to run an analysis for you to see what type of annuity may be a good fit. This is where the Annuity Gator comes in! We talked about a lot of differences between the two contracts but one thing he said is something I had never realized . 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. Not all reinsurance products or structures offered are available in all jurisdictions. F&G; MYGA markets aren't great right now, so we're suggesting advisors consider looking at 5 year FIA as alternatives. 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. 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. 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. Ill wrap up my Athene Agility 10 review with some final thoughts. 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. You can't anticipate every challenge you might face in retirement. This companys life insurance offices are based out of Delaware, Iowa, and New York. So, be sure to check back soon and regularly to see all of our new and updated annuity reviews. Be sure to do your own due diligence, we recommend consulting with a properly licensed tax, legal or financial professional regarding any questions you may have prior to making any purchasing decision. 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). How would you rate your experience using SmartAssets financial advisor matching service so far? 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. ATHENE AGILITY. This is where the Annuity Gator comes in. The main reason for this is variable annuities do offer . . allianz offers a free look period but it doesn't state how long it is online. This is an excellent annuity but it is really designed for income later. Insurance products may not be available in all states. Additionally, the Athene Agility 10 has a 10-year contract term and I suggest staying in the 5 to 7-year range for accumulation. 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). However, there are a few areas to keep in mind that could cost you, if youre not careful. $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. 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. Athene has acknowledged this and made the corrections with the third-party subcontractor so that this would not be an issue going forward. 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. Please call (855) 583-1104 if you have any questions or concerns. We also use content and scripts from third parties that may use tracking technologies. Financial professionals will be paid a commission on the sale of an annuity. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. 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. 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. Just check with us. This annuity review will give you a good running start. Technically you could withdraw your free 10% each year but that would not be using this contract to its full advantage. Annuity Marketplace . Learn the features and benefits, rates, and more of the Agility 10 Fixed Index Annuity offered by Athene. Kiara Caudill California License: 4109080. Heres how the annuity might look over a 30-year period. 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. Premium Bonus. What is the most important reason for that score? Hi Axel, It gives you accumulation potential now (with two ways to get a bonus), 1 plus options to customize your income later. We look forward to chatting with you. 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. The Allianz 222 was allocated as follows: 25% S&P 500 Monthly Sum with 1.5% monthly cap. 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. But, due in large part to the increased number of new annuity products that are being pushed out into the market by insurance companies each one of them trying to outdo the other these particular annuities can also be extremely confusing. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. Annuity Gator. Just contact us and we will help you review what annuities would be better for income starting earlier. Athene is a leading retirement services company that is dedicated to helping individuals and institutions fund retirement needs. Training is required prior to selling any Athene annuity. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. As an extra added bonus, FIAs can also provide you with the ability to receive a guaranteed income for the remainder of your life (as well as that of a spouse or partner, if applicable) regardless of how long that income may be needed. Multi-year guarantee annuity. This is an independent annuity product review. 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. Athene has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. Thank you for pointing that out. What annuity ? First, the Athene Agility guarantees a higher amount of lifetime income if we had an extended time of poor performance in the market indexes. 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. MLSB Index Performance (Back-Tested & Actual) January 13, 1985, to December 31, 2020. But even so, the only way to really know if this 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. 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. Best, Athene Agility 10 Annuity. 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. Index annuities are fixed annuities and generate fixed income type of returns. 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.
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