This annuity would not be a good fit if you planned to start the lifetime income before 10 years. Insurance companies also change their products and information often and without notice. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. We also use content and scripts from third parties that may use tracking technologies. an interest bonus resulting in a credit of 150% of any interest you earn from your chosen allocations. 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. 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. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. 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. Athene describes the Agility 7 annuityas a fixed indexed annuity for income with agility.. Heres how the annuity might look over a 30-year period. Premium Bonus. Learn the features and benefits, rates, and more of the Agility 10 Fixed Index Annuity offered by Athene. Nothing on this website is a recommendation to buy or sell an annuity. For complete information about the cookies we use, data we collect and how we process them, please check our. Please see the Certificate of Disclosure for moreinformation. Annuity Gator, For instance, with this product, your income could increase each year, depending on the index strategies that you chose. Thats where having an Annuity Investigator who loves math comes in. 1Lifetime Income Withdrawals may be reduced or may stop if you take Excess Withdrawals from your contract. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. After the 30-day Bailout Window, all charges may apply. 1; 2; . To see a full breakdown of all charges and fees, as well as some of the other tradeoffs you may need to make in order to obtain the benefits from the Athene Agility annuity, go HERE. This means there are two separate values; an account value and a protected income value. Index annuities are fixed annuities and generate fixed income type of returns. 7%. The highest guaranteed income for life. 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. Athene USA services customers in all 50 of the United States. 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. Agility 7 Reviewed | Annuity Resources In this annuity review, we will be discussing the following details on the Athene Agility 7-year fixed indexed annuity: Annuities can be complex. SIPS Maintenance Log - Structured Income Planning System (SIPS) The Death Benefit Payout Period is currently set to five years and is guaranteed not to exceed ten years. 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. This holds true (somewhat) with the Athene Agility 7 fixed indexed annuity. Athene Agility 10 is a 10-year fixed index annuity that boasts a free income rider with 2 options available at the time of issue. We look forward to chatting with you. 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. 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. If the insured has any objections to any of the terms and conditions, s/he has the option to And, if you have any additional questions, please contact us directly via phone, toll-free, at (888) 440-2468. 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. 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.? For a direct comparison of the Allianz 222 annuity versus the Athene Agility 10 annuity, go HERE. Thank you for pointing that out. Which Annuity is Best? Index Annuity vs Variable Annuity vs None at All 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. First, the Athene Agility guarantees a higher amount of lifetime income if we had an extended time of poor performance in the market indexes. Allianz 222 Annuity: An Independent, Objective Review Over time, there can be a significant difference between these two figures. If you want your income to start before that then there are better annuities to meet that goal. 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. 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. Product features, limitations and availability vary; see the Certificates of Disclosure for details. In the Allianz 222 Annuity, if you selected monthly sum crediting, you would be credited with a gain of 2.26%. 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. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. In this annuity review, we will be discussing the following details on the Fixed Indexed Athene Agility 10 Year annuity: Annuities can be complex. 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. The contract features described may not be current and may not apply in the state in which you reside. Insurance companies often issue contracts that are state-specific. Annual Withdrawals. 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. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. We have made the necessary changes. 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. 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. As of mid-2020, Athene held nearly $147 billion in total GAAP assets. 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). So while your returns are dependent on how your chosen index performs, it isn't literally invested in the market like a normal investment would be. You can find these reviews in our massive annuity review database that is located on our website. We can assist you with that by running it through our annuity calculator, using your particular financial figures. 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. We have heard many advisors say that you could take the free withdrawal from the Allianz 222 for years 8, 9, and 10. When you have a financial product that offers any type of guarantee on it, its likely that there will also be tradeoffs to consider somewhere along the line. This versatile product includes a built-in Income and Death Benefit rider at no additional charge. However, even though this best of all worlds scenario initially seems very appealing, these benefits can also come at a cost. If this is your first visit to our website, we would like to formally welcome you to Annuity Gator. Thank you for your answer! 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. 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. 4%. Athene Performance Elite 7. No-Fee Riders. (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. It happened to me on Thursday morning when I found about the hidden fees in the Allianz 222. The illustration is not valid without all 18 pages and the statement of understanding. This, however, isnt really all that uncommon, as there are many different annuities, and there many different thoughts about them. Best. AND, the income increases are locked in, so they cant be lost, regardless of what happens in the market. The Allianz 222 is a 10-year fixed index annuity with a guaranteed lifetime withdrawal benefit rider (GLWB) included. Allianz 222 Fixed Index; Brighthouse Shield Level Selector; Jackson National Perspective II Lifeguard Freedom Flex; Athene Agility 10 Year Fixed Index; AXA Structured Capital Strategies; AIG Polaris Platinum III; All Annuity Reviews; Blog. The values show what would happen if the allocations earned interest using current rates in all years. ALLIANZ 222/ABC GLOBAL ATLANTIC CHOICE ACCUM. Athene Annuity | Agility Annuity And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. Over time, there can be a significant difference between these two figures. The cap and participation rates are lower than they are on Athenes other annuity products. Please limit your response to 150 characters or less. That makes it tough to know which one is best aligned with your retirement income needs. Because of that, annuities that initially might seem exactly alike can actually give you vastly different results. Benefit Base cannot be taken in a lump sum. An impartial review of the Allianz 222 Annuity - updated August 2021 We have made the necessary edits to the article. 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. If so, just let us knowthe name (or names) of the annuity(ies) and our Annuity Gator annuity geeks will get on it. Here's one way to help prepare for life's "what-ifs". North American; Nationwide; Global Atlantic; MYGA. 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 Ascent SM Pro 10 This is an independent Athene Agility 10 review, not a recommendation or solicitation to buy or sell an annuity. 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. Contact your back office or the Athene Sales Desk for product availability. 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. Allianz 222 Review: Product Highlights. All content is for educational purposes only. F&G; MYGA markets aren't great right now, so we're suggesting advisors consider looking at 5 year FIA as alternatives. 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. It may even have been your attendance at that event that has led you online, on a quest for more information. In this case, for instance, there is no added cost for the income rider. However, we will be in a better position to know that after getting some additional information from you. We look forward to chatting with you. 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. This is an independent annuity product review. Athene Agility Fixed Indexed Annuity Request Info. However, there are a few areas to keep in mind that could cost you, if youre not careful. 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. Rates and annuity payout rates are subject to change. The guaranteed lifetime income for both the Athene Agility and the Allianz 222 . Allianz. Allianz Endurance Plus (No Longer For Sale) American Equity IncomeShield 10 Annuity. 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). Annuity Gator, We are looking for a place to park $400k for 7-10 years. During the Income Phase, the Benefit Base will continue to grow 175% of the dollar amount credited to the Accumulated Value. Below are the tables from an Athene Agility 10 Illustration placing a $50,000 initial premium into the: Fill out the form below to receive a free annuity quote within 4 business hours, or use one of our annuity calculators. 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. 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. Kiara Caudill California License: 4109080. This is an excellent annuity but it is really designed for income later. Download: Athene Agility 10 Rates & Product Guide. . However, that being said, this annuity could also fall somewhat short if you needed the income to start before 7 years. The term financial professional is not intended to imply engagement in an advisory business with compensation unrelated to sales. We are a team of annuity professionals who have a key focus on offering comprehensive yet non-biased annuity reviews online. 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. All content is for educational purposes only. 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. Annuity Gator, Your email address will not be published. The income payment from this annuity is guaranteed for the annuitants life. 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. So, if youre ready to begin this review, lets go ahead and dive in! On each Anniversary, the Benefit Base will be credited 175% of the dollar amount credited to the Accumulated Value. Products not available in all . 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. https://annuityassociation.comathene agility - athe. The Benefit Base is equal to the Initial Premium, plus the Benefit Base bonus amount. In addition to possible surrender charges, there can also be some other fees involved if you own the Athene Agility fixed indexed annuity. 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. Allianz Benefit Control Annuity. 1 yr. 2 yr. 3 yr. 4 yr. 5 yr. 6 yr. 7 yr . Products not available in all . 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. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. 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. Annuities are distributed by My Annuity Store, Inc. This 10 year fixed index annuity comes with many features built-in for free; however, as great as it is it isnt for everyone. I ran up against the Allianz 222 again and called a rep at a different company to get some clarification on a competing product. Multi-year guarantee annuity. It also includes a built-in income and death benefit rider at no additional charge. 25%Bloomberg US Dynamic Balance Index II with 3.2% annual spread. 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). Depending on your situation and goals, it could still be the right choice for you. 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. 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. 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 annuity is designed for delivering strong income and growth potential, plus liquidity. Average Retirement Savings: How Do You Compare? List all products in the following category: annuities that write 81-85. Actual values may be higher or lower than the values shown. This is not an offer to buy or sell any security or interest. The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. 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. So, be sure to check back soon and regularly to see all of our new and updated annuity reviews. 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. Athene has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. Not available in all states. Rather than sending the info back and forth via email, it would be best to discuss by phone. But even so, the only way to really know if the Athene Agility 10 annuity is right for you is to have it tested. The Athene Agility 10 is a fixed index annuity with a 10-year contract term. The FIA products also allow you to get income for life, so you can alleviate any worry about running out of income in retirement. You can't anticipate every challenge you might face in retirement. Wed need to get some additional information from you, though, in order to do so. This waiver is available after your first Contract Anniversary. However, there are a few areas to keep in mind that could cost you, if youre not careful. When you have a financial product that offers any type of guarantee on it, its likely that there will also be tradeoffs to consider somewhere along the line. 3.25%. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Help clients open doors to retirement possibilities.
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