There is also a terminal illness waiver that allows you to withdraw up to 100% of the annuitys accumulated value if you (or the annuitant) is diagnosed with a terminal illness. Unbiased Allianz Benefit Control Annuity Review Her plan is to retire between the ages of 60 and 65. Allianz: 222 and 360; . 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. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. "Earn a 10-15% Bonus. We make the complex, simple. 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. This is an excellent annuity but it is really designed for income later. This holds true (somewhat) with the Athene Agility 7 fixed indexed annuity. 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. Depending on your situation and goals, it could still be the right choice for you. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Save my name, email, and website in this browser for the next time I comment. Annual Point to Point #2. 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. Best, However, that being said, this annuity could also fall somewhat short if you needed the income to start before 10 years. This is where the fixed indexed annuity can come in. Download: Athene Agility 10 Rates & Product Guide. Athene Performance Elite 7. That makes it tough to know which one is best aligned with your retirement income needs. Annuities That Offer Income Riders Without a Fee (2023) 2%. This field is for validation purposes and should be left unchanged. 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. 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. 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. 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. The main reason for this is variable annuities do offer . If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. 7%. 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.? We look forward to hearing from you. Allianz 222 Annuity: An Independent, Objective Review 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. 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. Additional information. 2.5%. It has a participation rate and capped index crediting strategies as well as a fixed-interest option. If you want your income to start before that then there are better annuities to meet that goal. Please see the Certificate of Disclosure for more information. It is not a recommendation to purchase or to sell an annuity. 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. In this annuity review, we will be discussing the following details on the Athene Agility 7-year fixed indexed annuity: Annuities can be complex. What annuity ? This is an independent Athene Agility 10 review, not a recommendation or solicitation to buy or sell an annuity. 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. 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. In addition, your benefit base can continue to grow, even after you are turned on the income stream. 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 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. Heres how the annuity might look over a 30-year period. 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. 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. Which Annuity is Best? Index Annuity vs Variable Annuity vs None at All 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. This annuity review will give you a good start on that. 10%. So, it makes it even more essential that you read over all of the fine print about an annuity before you commit what could be a large percentage of your savings to the product. We repeat the index performance from this 10-year period afterward. Free Look Period Allianz | PelajaranSiswa News The guaranteed lifetime income for both the Athene Agility and the Allianz 222 . If this is your first visit to our website, we would like to formally welcome you to Annuity Gator. With that in mind, a financial advisor is likely to focus on this best of all worlds scenario when presenting this product to you. Your email address will not be published. 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. Athenes website describes the Agility annuity as one that can help you open the doors to retirement possibilities. 10 Best Fixed Index Annuity Companies | May, 2023 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. MAY LOSE VALUE. We realize that this annuity review ran a tad bit on the long side, however, we feel that providing you with too much information is far better than not giving you enough. Annuities Just check with us. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. . We also use content and scripts from third parties that may use tracking technologies. 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. 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. It also offers a built-in death benefit rider at no additional charge. Nothing on this website is a recommendation to buy or sell an annuity. This provides you with an enhanced Death Benefit. Over time, there can be a significant difference between these two figures. 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. Retire in 10 Years. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. 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. My Annuity Store, Inc. All rights reserved. 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. Athene also offers 175% stacked growth to the annuitys benefit base which means that the annuitys return shares in 175% of what the underlying index returns. Weve been creating annuity reviews for quite some time now far longer than our competitors have although many of them would like to have you think otherwise. The Allianz 222 was allocated as follows: 25% S&P 500 Monthly Sum with 1.5% monthly cap. Please feel free to reach out to us directly, toll-free, at (888) 440-2468. The indexed interest is based on actual index performance during the most recent 10-calendar year period for the first 10 years. So, if you felt that this annuity review was helpful, then please feel free to pass it along and share it with anyone else who you think might also benefit from it. 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. Her goal. Athene Agility 10 fixed index annuity is a retirement savings plan designed for safe growth, retirement income for life, inflation protection, and enhancing a death benefit. 1; 2; . 1 yr. 2 yr. 3 yr. 4 yr. 5 yr. 6 yr. 7 yr . Guarantees are subject to the claims-paying ability of the insurer. Or alternatively, you can contact us by going to https://annuitygator.com/contact/ and letting us know what time works best for you. 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). Product features, limitations and availability vary; see the Certificates of Disclosure for details. In addition, we also realize that the information about annuities can and often does change. 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, in turn, can also increase the value of the death benefit if you have chosen the death benefit rider. In 2020, Athene scored a 0.34, and in 2019, a 0.51. 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. Reinsurers may not be licensed in all states. With that in mind, a financial advisor is likely to focus on this best of all worlds scenario when presenting this product to you. Especially in light of the fact that the Allianz 222 is oftentimes directly compared to this Athene annuity. 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. Athene Protector 5. American Equity IncomeShield 7 Annuity. 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. To check out the Annuity Gators updated review of the Allianz 222 annuity go HERE. We have heard many advisors say that you could take the free withdrawal from the Allianz 222 for years 8, 9, and 10. Increases are locked in and cannot be lost, regardless of future index performance. 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. 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. Technically you could withdraw your free 10% each year but that would not be using this contract to its full advantage. 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. Enhanced Death BenefitThe Benefit Base is paid out in equal payments over the currently declared Death Benefit Payout Period. SIPS Maintenance - Oct 2022. Here's one way to help prepare for life's "what-ifs". His mission is to help change the way annuities are bought and sold. But that is not what the product was built for and we believe that would lead to less than optimal results. Benefit Base cannot be taken in a lump sum. Products not available in all states. 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. An in-depth look at performance-based & Guaranteed options. Training is required prior to selling any Athene annuity. 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. 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. You could receive 15% one year and 0% for 2 other years. In addition, we also realize that the information about annuities can and often does change. 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. 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. The term financial professional is not intended to imply engagement in an advisory business with compensation unrelated to sales. SIPS Maintenance Log - Structured Income Planning System (SIPS) No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. 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. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. In fact, dare we say that our website is the only place online where you can obtain all of the information that you require for making a well-informed purchasing decision about this annuity. This annuity would not be a good fit if you planned to start the lifetime income before 7 years. The Death Benefit Payout Period is currently set to five years and is guaranteed not to exceed ten years. 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. 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. 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. We would be happy to assist you to find similar annuities to Athene Agility 7. There are spreads, caps or participation rates that limit how much of the return you receive. You can selectively provide your consent below to allow such third party embeds. 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. Additional limitations, state variations, and exclusions may apply. All content is for educational purposes only. It also includes a built-in income and death benefit rider at no additional charge. 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. Athene Annuity and Life Company have not endorsed this product review in any fashion and we dont receive any compensation from it. Annuity; Retirement; Videos 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. This in no way affects the quality, stability, or the strength of the Athene annuity products. Annuity Review - Athene Agility - Fixed Index Annuity - YouTube ATHENE AGILITY. 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 Meaning you want your lifetime income to start at least 7 years or more down the road. 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. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. 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. 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. In this annuity review, we will be discussing the following details on the Fixed Indexed Athene Agility 10 Year annuity: Annuities can be complex. In order to read the companys press releases in full regarding this matter, go HEREand HERE. Annual Withdrawals. 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. 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. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. You can take a closer look at the Athene complaints HERE. If this is the case, there are better alternative annuities. 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. https://annuityassociation.comathene agility - athe. 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. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. Products not available in all . Insurance products may not be available in all states. 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. 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. 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. Actual values may be higher or lower than the values shown. Annuity Gator, Your email address will not be published. This holds true (somewhat) with the Athene Agility 10 year fixed indexed annuity. What is the most important reason for that score? You can also take a peek at the full Athene Agility annuity product guide HERE. F&G Retirement Pro Annuity. Kiara Caudill California License: 4109080. The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. The highest guaranteed income for life. My Annuity Store, Inc. is a licensed fixed annuity producer and does not advise clientson the purchase of non-fixed annuity products. Annuities are distributed by My Annuity Store, Inc. This is where the Annuity Gator comes in! . If you selected the annual point-to-point crediting option, you would receive 2.25. However, there are a few areas to keep in mind that could cost you, if youre not careful. 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. 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. Athene has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. Athene: Agility 10, Ascend Pro 10, & Performance Elite; Lincoln: OptiBlend Series; Global Atlantic: Choice Accumulation; SPIA. Best! 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. Retire in 11+ Years. For complete information about the cookies we use, data we collect and how we process them, please check our. Athene Agility 10. Agility 7 Reviewed | Annuity Resources Withdrawals are based upon the Accumulated Value of the last Contract Anniversary. For a direct comparison of the Allianz 222 annuity versus the Athene Agility 10 annuity, go HERE. Agility - Annuity Products |Athene The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. 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. 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. But it is that type of annuity jargon that can really confuse people into thinking that theyre getting a great deal, when in fact there are some tradeoffs you may need to make in order to get the benefits. Allianz 222 Fixed Index Annuity Request Info. 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. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. All content is for educational purposes only. There are no guarantees that working with an adviser will yield positive returns. 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. Annuities are a popular tool for retirement planning, offering the opportunity for tax-deferred investing gains and guaranteed income streams. Athene Agility Fixed Indexed Annuity Request Info. 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. If this is the case there are better alternative annuities, just check with us. This versatile product includes a built-in Income and Death Benefit rider at no additional charge. List all products in the following category: annuities that write 81-85. 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. Annuity Gator, Your email address will not be published. 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). That being said, if youve been seeking more in-depth details about the Athene Agility 7-year FIA, you are definitely in the right place. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer.
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