We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. 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. 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. Your email address will not be published. Retire in 10 Years. It happened to me on Thursday morning when I found about the hidden fees in the Allianz 222. 5%. In this Athene Agility 10 Review we will cover: Athene Annuity and Life Insurance Company is a strong insurance company with an A Rating from AM Best; they are also a major player in the U.S. annuity market. 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. Products not available in all states. In 2020, Athene scored a 0.34, and in 2019, a 0.51. ANNUITIES ARE PRODUCTS OF THE INSURANCE INDUSTRY AND NOT GUARANTEED BY ANY BANK NOR INSURED BY FDIC OR NCUA/NCUSIF. So, if youre ready to begin this review, lets go ahead and dive in! 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. Insurance products may not be available in all states. 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. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. The Benefit Base is equal to the Initial Premium, plus the Benefit Base bonus amount. 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. Best, This annuity review will give you a good start on that. You can find these reviews in our massive online annuity review database that is located on our website. Best, Book a FREE consultation. 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. Annuity Gator. 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. Athene MaxRate. 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). 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. 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. 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. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). Products not available in all . Allianz: 222 and 360; . This is where the Annuity Gator comes in. Heres how the annuity might look over a 30-year period. This annuity review will give you a good running start. Financial professionals will be paid a commission on the sale of an annuity. In addition to possible surrender charges, there can also be some other fees involved if you own the Athene Agility fixed indexed annuity. Meaning you want your lifetime income to start at least 10 years or more down the road. 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. Below we will look at the historical rates of return for Agility 10; remember, hypothetical illustrations are not guaranteed. Jason Caudill is President of My Annuity Store, Inc. and has distributed more than $1.5 Billion of annuities during his career. We have heard many advisors say that you could take the free withdrawal from the Allianz 222 for years 8, 9, and 10. 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: But, even as nice as these claims may be, it means that it is even more necessary for you to make sure that they are actually true before you move forward and commit a large chunk of your money to such products. Alternatively, this 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 10-year annuity from Athene is right for you, click here so that you can access our free annuity buyers report. Please feel free to reach out to us directly, toll-free, at (888) 440-2468. That makes it tough to know which one is best aligned with your retirement income needs. In order to read the companys press releases in full regarding this matter, go HEREand HERE. Hi Richard Thank you for your message. 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. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. This field is for validation purposes and should be left unchanged. Athene Agility Fixed Indexed Annuity Request Info. In addition, we also realize that the information about annuities can and often does change. The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. Best. 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. The S&P 500 without dividends was up 13.4%. 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. You can also take a peek at the full Athene Agility annuity product guide HERE. 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). My Annuity Store, Inc. is a licensed fixed annuity producer and does not advise clientson the purchase of non-fixed annuity products. First, Allianz 222 Annuity is a fixed index annuity that gives you the potential to earn interest in two different ways: You can earn interest based on your choice of several index options, or you can choose to receive fixed interest. 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. You must wait at least 10 years to turn on the lifetime income rider. Hi Craig- Thank you for your message. First, the Athene Agility guarantees a higher amount of lifetime income if we had an extended time of poor performance in the market indexes. Over time, the returns will average out to be in the 2-4% range. The Agility 10 is not a great annuity if your objective is safe accumulation. Help clients open doors to retirement possibilities. If you are looking at least 10 years out for lifetime income to begin, then Athene Agility might make a lot of sense for your long-term financial needs. All transactions are subject to meeting a reinsurers underwriting requirements. Additionally, the Athene Agility 10 has a 10-year contract term and I suggest staying in the 5 to 7-year range for accumulation. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. Products not available in all . However, even though this best of all worlds scenario initially seems very appealing, these benefits can also come at a cost. Or alternatively, you can contact us by going to https://annuitygator.com/contact/ and letting us know what time works best for you. North American PrimePath 12. NO BANK/CREDIT UNION GUARANTEE. Technically you could withdraw your free 10% each year but that would not be using this contract to its full advantage. This is best done via phone (as versus sending sensitive information back and forth via email). Product features, limitations and availability vary; see the Certificates of Disclosure for details. 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. Withdrawals are based upon the Accumulated Value of the last Contract Anniversary. AnnuityGator. Two-Year Point to Point. If youve been reviewing annuities on the Internet, it is possible that you have come across some highly conflicting information about these products. P.S If you would like to read more of our Athene annuity reviews here are some links to check out: Thank you. Annuities are distributed by My Annuity Store, Inc. This waiver is available after your first Contract Anniversary. 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. 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. Products not available in all states. We create opportunitiesfor your clients and for you with competitive annuity solutions for accumulation, income, protection and legacy. Guarantees are subject to the claims-paying ability of the insurer. Your feedback is very important to us. Are there any other annuities that you would like to know more about? The Athene Agility 10 is a fixed index annuity with a 10-year contract term. I appreciate the annuity review for the Athene Agility 7 FIA. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. So, if youre ready to begin this review, lets go ahead and dive in! Wed need to get some additional information from you, though, in order to do so. Reinsurers may not be licensed in all states. 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. 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 Gator, We are looking for a place to park $400k for 7-10 years. This means there are two separate values; an account value and a protected income value. If so, just let us know the name (or names) of the annuity(ies) and our Annuity Gator annuity geeks will get on it. We look forward to hearing from you. 25% PIMCO Tactical Balance Index with 3.1% annual spread. 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. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. 3.25%. One of the things we really like is the Athene Agility 10 offers annual and two-year annual reset options: #1. We have made the necessary edits to the article. 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. With all of the media hype today which includes countless numbers of financial gurus telling you what to do online, on TV, and anywhere else you can get a satellite signal it can be difficult at best to cut through all of the clutter. . All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. Rates and annuity payout rates are subject to change. 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. 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. Heres how the annuity might look over a 30-year period. That is a big difference, the Allianz 222 income is to be turned on after 10 years. Her goal. 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. That's why Allianz 222 annuity gives you the flexibility to address life's "what ifs.". 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. These charges are set up as follows: 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. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. 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. The illustration is not valid without all 18 pages and the statement of understanding. F&G Retirement Pro Annuity. 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. The contract features described may not be current and may not apply in the state in which you reside. This material should not be interpreted as a recommendation by Athene Annuity and Life Company, Athene Annuity & Life Assurance Company, Athene Annuity & Life Assurance Company of New York, or Athene Securities, LLC. We would be happy to help with any of the questions you have regarding the Athene Performance Elite Plus 7.
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athene agility 10 vs allianz 222