Should that read, .the income increases are locked in, so that CANT be lost? What are other similar annuities to this one? However, we feel that providing you with too much information is far better than not giving you enough. We have made the necessary edits to the article. Please feel free to reach out to us directly, toll-free, at (888) 440-2468. We are a team of annuity professionals who have a key focus on offering comprehensive yet non-biased annuity reviews online. You can take a closer look at the Athene complaints HERE. Once you start receiving your retirement paycheck, your Benefit Base will continue to grow by 175% of any interest credits you earn. When income is needed, the Agility shines in this area, too, as income payments may increase, based on the performance of the underlying index. The term financial professional is not intended to imply engagement in an advisory business with compensation unrelated to sales. So without further ado; let us dive into our Athene Agility 10 Review. Not all reinsurance products or structures offered are available in all jurisdictions. Average Retirement Savings: How Do You Compare? 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. This holds true (somewhat) with the Athene Agility 10 year fixed indexed annuity. Second, you can receive a bonus on the Protected Income Value (PIV) of . 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. This means there are two separate values; an account value and a protected income value. 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. 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. Not to be used with the offer or sale of annuities. Rather than sending sensitive personal and financial details back and forth via email, though, it would be best to discuss via phone. After the 30-day Bailout Window, all charges may apply. Annuity and Insurance Agency 1050 Crown Pointe Parkway Atlanta, GA 30338. Confinement must begin after the first contract year. 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. 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. Annuity Gator, Your email address will not be published. With that in mind, a financial advisor is likely to focus on this best of all worlds scenario when presenting this product to you. You can find these reviews in our massive online annuity review database that is located on our website. The company also holds approximately approximately $2 billion in excess capital. We look forward to chatting with you. ALLIANZ 222/ABC GLOBAL ATLANTIC CHOICE ACCUM. 5%. We make the complex, simple. You could receive 15% one year and 0% for 2 other years. That is a big difference, the Allianz 222 income is to be turned on after 10 years. Best! 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. All investing involves risk, including loss of principal. Athene Ascent Pro 10. In this annuity review, we will be discussing the following details on the Fixed Indexed Athene Agility 10 Year annuity: Annuities can be complex. 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. 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. If you selected the annual point-to-point crediting option, you would receive 2.25. 8%. 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. We have heard many advisors say that you could take the free withdrawal from the Allianz 222 for years 8, 9, and 10. The highest guaranteed income for life. The institutional channel includes reinsurance and group annuity contracts related to pension group annuities. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. I did notice a possible error. Athene MaxRate. (optional). This companys life insurance offices are based out of Delaware, Iowa, and New York. 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.? 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. You may not be diagnosed during the first Contract Year. 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. 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. Athene is a leading retirement services company that is dedicated to helping individuals and institutions fund retirement needs. Prior to starting income, your Benefit Base will increase by 175% of any Interest Credits that are added to your annuitys Accumulated Value. It also offers a built-in death benefit rider at no additional charge. This is an excellent annuity but it is really designed for income later. This, in turn, can also increase the value of the death benefit if you have chosen the death benefit rider. 7%. 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. Here's one way to help prepare for life's "what-ifs". Products not available in all states. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. Book a FREE consultation. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. 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. 1 yr. 2 yr. 3 yr. 4 yr. 5 yr. 6 yr. 7 yr . 25% PIMCO Tactical Balance Index with 3.1% annual spread. You can withdraw up to 100% of your annuitys Accumulated Value if the Annuitant is diagnosed with a Terminal Illness that is expected to result in death within one year and you meet the eligibility requirements. In addition to possible surrender charges, there can also be some other fees involved if you own the Athene Agility fixed indexed annuity. 25% Nasdaq 100 Annual Point to Point with 3.25% annual cap. Therefore, it is really important that you first discuss your needs with an annuity professional who can help you with sorting all of the intricate details. Best. Athene Ascent SM Pro 10 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. As of mid-2020, Athene held nearly $147 billion in total GAAP assets. This insurer is rated as the number two carrier in fixed indexed annuity sales, and has been consistently for the past three years. For a direct comparison of the Allianz 222 annuity versus the Athene Agility 10 annuity, go HERE. 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. 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. In addition, we also realize that the information about annuities can and often does change. 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. In this case, for instance, there is no added cost for the income rider. 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. Best, This holds true (somewhat) with the Athene Agility 7 fixed indexed annuity. We are not looking for income just safe growth-, Hi Robert Thank you for your comment. MLSB Index Performance (Back-Tested & Actual) January 13, 1985, to December 31, 2020. Source BofA Securities, Bloomberg: The Index was created on August 12, 2014. Best, For complete information about the cookies we use, data we collect and how we process them, please check our. Allianz 222 Fixed Index Annuity Request Info. This field is for validation purposes and should be left unchanged. 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. Additional limitations, state variations, and exclusions may apply. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. 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. Jackson National Perspective II Lifeguard Freedom Flex, Independent Review of the Athene Agility 10 Annuity Pros and Cons Explained | Updated April 2020, 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, 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, Indexed interest crediting strategies that are exclusive to Athene, A 20% initial bonus boost to the rider Benefit Base, A 175% market leading stacked growth to the Benefit Base, 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 Ten full years of purchasing the annuity, Do not intend to use the lifetime income feature of the annuity, Want to start receiving income within the first ten years of owning the annuity. My Annuity Store, Inc. is a licensed fixed annuity producer and does not advise clientson the purchase of non-fixed annuity products. 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/ This waiver is available after your first Contract Anniversary. 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. 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. 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. 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. MAY ONLY BE OFFERED BY A LICENSED INSURANCE AGENT. 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. $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. 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. What would be a better fit if need income before? 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. Then there's probably a fixed or fixed indexed annuity that will work best. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. This companys life insurance offices are based out of Delaware, Iowa, and New York. 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. Levels for the Index before August 12, 2014, represent hypothetical data determined by the retroactive application of a back-tested model, Home Annuity Reviews North American Income Pay Pro 10 Reviewed Sherris Case Study Sherri is 49 years old and isnt exactly sure when she will retire; I guess who really is? We also use content and scripts from third parties that may use tracking technologies. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. 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. Please call (855) 583-1104 if you have any questions or concerns. For complete information about the cookies we use, data we collect and how we process them, please check our. 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. . F&G; MYGA markets aren't great right now, so we're suggesting advisors consider looking at 5 year FIA as alternatives. Annuity Gator, Your email address will not be published. $10,000. (cant use for in-home health cases like you can in the. 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. To check out more of the in-depth details about this annuity directly from the companys product guide, you can go HERE. American Equity IncomeShield 7 Annuity. That is a big difference, the Allianz 222 income is to be turned on after 10 years. You can selectively provide your consent below to allow such third party embeds. I am showing an Athene Agility 10 Illustration using a $50,000 initial premium into the: Heres how the annuity might have looked over 3 different 10-year periods. The indexed interest is based on actual index performance during the most recent 10-calendar year period for the first 10 years. It is important that note that Allianz can change your caps at any time. 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). Best, If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. Download: Athene Agility 10 Rates & Product Guide. The Benefit Base is equal to the Initial Premium, plus the Benefit Base bonus amount. 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. 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. Additionally, the Athene Agility 10 has a 10-year contract term and I suggest staying in the 5 to 7-year range for accumulation. However, even though this best of all worlds scenario initially seems very appealing, these benefits can also come at a cost. This is an excellent annuity but it is really designed for income later. 3.75%. 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. The Lifetime Income Withdrawal amount will be doubled if qualifications are met, and the Accumulated Value is greater than zero. 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. 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. 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. I appreciate the annuity review for the Athene Agility 7 FIA. Allianz 222 Fixed Index Annuity Request Info. Insurance companies also change their products and information often and without notice. Enhanced Income Benefit Availability and QualificationTo qualify for the Enhanced Income Benefit, the person for whom Lifetime Income Withdrawals are based must be confined to Qualified Care Facility for 180 out of the last 250 days. What is the most important reason for that score? Required fields are marked *. This 10 year fixed index annuity comes with many features built-in for free; however, as great as it is it isnt for everyone. Technically you could withdraw your free 10% each year but that would not be using this contract to its full advantage. Athenes website describes the Agility annuity as one that can help you open the doors to retirement possibilities. With that in mind, a financial advisor is likely to focus on this best of all worlds scenario when presenting this product to you. During the Income Phase, the Benefit Base will continue to grow 175% of the dollar amount credited to the Accumulated Value. 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. 6%. Athene is driven to deliver innovative fixed and fixed indexed annuities that help you win your market. When considering the Athene Agility 7-Year Fixed Indexed 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. In order to best support you, we would need some additional information from you. The companys investment portfolio is well-diversified with 94% of its fixed maturity securities rated 1 or 2 the highest categories by the NAICs Securities Valuation Office. This is where the Annuity Gator comes in! 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. It may even have been your attendance at that event that has led you online, on a quest for more information. Allianz 222 - ALLIANZ222V2 Allianz 360 - ALLIANZ360V2 Allianz 365i - ALLIANZ365iV2 Allianz Benefit Control Product Training: ABCANNUITY . We look forward to hearing from you. Annuities We have heard many advisors say that you could take the free withdrawal from the Allianz 222 for years 8, 9, and 10. 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, the income increases are locked in, so they cant be lost, regardless of what happens 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. You can selectively provide your consent below to allow such third party embeds. Description. 2.5%. 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). That's why Allianz 222 annuity gives you the flexibility to address life's "what ifs.". Best, And, if you have any additional questions, please contact us directly via phone, toll-free, at (888) 440-2468. 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). 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. Allianz: 222 and 360; . Please reach out to your financial professional if you have any questions about insurance products and their features. 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. We would be happy to assist you to find similar annuities to Athene Agility 7. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. The cap and participation rates are lower than they are on Athenes other annuity products. Allianz See all Allianz Annuities. Rates and annuity payout rates are subject to change. Just check with us. Thats where having an Annuity Investigator who loves math comes in. ATHENE AGILITY. If the insured has any objections to any of the terms and conditions, s/he has the option to His mission is to help change the way annuities are bought and sold. Additional limitations, state variations, and exclusions may apply. 1; 2; . 4This benefit is NOT long-term care insurance nor is it asubstitutetherefore. 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. (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. 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.
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