Index annuities are fixed annuities and generate fixed income type of returns. As of mid-2020, Athene held nearly $147 billion in total GAAP assets. This is where the Annuity Gator comes in. When income is needed, the Agility shines in this area, too, as income payments may increase, based on the performance of the underlying index. 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. 4This benefit is NOT long-term care insurance nor is it asubstitutetherefore. allianz offers a free look period but it doesn't state how long it is online. Comprehensive guide to selecting the best annuity income rider based on your goals. Bottom Line: I would not recommend the Athene Agility 10 if you are looking for an annuity to grow your money in a safe and steady way. Allianz 222 Review: Product Highlights. Before we get too far into this review, we do want to be perfectly clear in stating that we believe that annuities can be a very viable financial option for some people provided that they fit in with your other short and long-term financial goals. Over time, there can be a significant difference between these two figures. Required fields are marked *. It is not a recommendation to purchase or to sell an annuity. The Benefit Base is equal to the Initial Premium, plus the Benefit Base bonus amount. Kiara Caudill California License: 4109080. That makes it tough to know which one is best aligned with your retirement income needs. This 10 year fixed index annuity comes with many features built-in for free; however, as great as it is it isnt for everyone. Nothing on this website is a recommendation to buy or sell an annuity. 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. NO BANK/CREDIT UNION GUARANTEE. 25% PIMCO Tactical Balance Index with 3.1% annual spread. It happened to me on Thursday morning when I found about the hidden fees in the Allianz 222. 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). With timely insights, in-depth product information and client-approved materials, our business-building toolkits are designed to help you and your clients do more. Please feel free to reach out to us directly at (888) 440-2468. I did notice a possible error. None. The information presented here is not a representation regarding the suitability of any concept or product(s) for an individual and is not intended to be tax or legal advice. Average Retirement Savings: How Do You Compare? In 2021, Athene Annuity & Life Company received an overall NAIC complaint index of 0.10, well below the 1.0 average. ANNUITIES ARE PRODUCTS OF THE INSURANCE INDUSTRY AND NOT GUARANTEED BY ANY BANK NOR INSURED BY FDIC OR NCUA/NCUSIF. That's why Allianz 222 annuity gives you the flexibility to address life's "what ifs.". Please call (855) 583-1104 if you have any questions or concerns. Below we will look at the historical rates of return for Agility 10; remember, hypothetical illustrations are not guaranteed. In addition to possible surrender charges, there can also be some other fees involved if you own the Athene Agility fixed indexed annuity. . Annuity and Insurance Agency 1050 Crown Pointe Parkway Atlanta, GA 30338. 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. (cant use for in-home health cases like you can in the. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. Retire in 10 Years. During the Income Phase, the Benefit Base will continue to grow 175% of the dollar amount credited to the Accumulated Value. But, due in large part to the increased number of new-fangled products that are being pushed out into the market by insurance companies each trying to outdo the other these particular annuities can also be extremely confusing. If you 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). Book a FREE consultation. 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. If this is the case there are better alternative annuities, just check with us. Training is required prior to selling any Athene annuity. Please feel free to contact us directly, toll-free, at (888) 440-2468 to chat with one of our annuity specialists or visit http://annuitygator.com/contact/, We look forward to hearing from you. I ran up against the Allianz 222 again and called a rep at a different company to get some clarification on a competing product. Annuity Gator. Athene Protector 5. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. And, if you have any additional questions, please contact us directly via phone, toll-free, at (888) 440-2468. 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. Reinsurers may not be licensed in all states. You can't anticipate every challenge you might face in retirement. Hi Robert Thank you for your message. The highest guaranteed income for life. Athene Performance Elite 7. (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. Second, you can receive a bonus on the Protected Income Value (PIV) of . 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. 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. Additionally, the Athene Agility 10 has a 10-year contract term and I suggest staying in the 5 to 7-year range for accumulation. We cant help everyone, but we do our best to always get back in touch within 24 hours. Not available in all states. There are no guarantees that working with an adviser will yield positive returns. 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. 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. This is an independent Athene Agility 10 review, not a recommendation or solicitation to buy or sell an annuity. The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. Additional limitations, state variations, and exclusions may apply. Required fields are marked *. Heres how the annuity might look over a 30-year period. Your email address will not be published. Athene Agility is designed to deliver strong income and growth potential plus liquidity. Please call (855) 583-1104 if you have any questions or concerns. We have made the necessary changes. Help clients open doors to retirement possibilities. You can also be sure that you will have an income in retirement for as long as you (and your spouse, if applicable) need it. Insurance products may not be available in all states. Athene Ascent Pro 10. We appreciate your clarification on this specific annuitys initial bonus boost. 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. MAY ONLY BE OFFERED BY A LICENSED INSURANCE AGENT. 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. This is where the fixed indexed annuity can come in. SIPS Maintenance - Oct 2022. Her goal. Especially in light of the fact that the Allianz 222 is oftentimes directly compared to this Athene annuity. We have been offering these in-depth annuity reviews for quite some time now far longer than our competitors have although many of them would like to have you think otherwise. 1Lifetime Income Withdrawals may be reduced or may stop if you take Excess Withdrawals from your contract. An index may not include dividends paid on the underlying stocks, and therefore may not reflect the total return of the underlying stocks; neither an index nor any market-indexed annuity is comparable to a direct investment in the equity markets. To check out more of the in-depth details about this annuity directly from the companys product guide, you can go HERE. This waiver is available after your first Contract Anniversary. For financial professional use only. In order to best support you, we would need some additional information from you. In addition, we also realize that the information about annuities can and often does change. 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. Annuity; Retirement; Videos Rates and annuity payout rates are subject to change. 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. Athene Agility 10. However, before you go out and make a commitment to this annuity or to any annuity it is highly recommended that you first have a good understanding of just exactly how the annuity works, and how it may (or may not) fit into your overall financial plans. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. North American; Nationwide; Global Atlantic; MYGA. We can assist you with that by running it through our annuity calculator, using your specific financial figures. If so, just let us knowthe name (or names) of the annuity(ies) and our Annuity Gator annuity geeks will get on it. 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. 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. Enhanced Death Benefit capped at 125% Cash Surrender Value or 250% net premium in AK, HI, NJ, PA, and WA. 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. Save my name, email, and website in this browser for the next time I comment. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. Best! The income payment from this annuity is guaranteed for the annuitants life. 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. The more specific and detailed you are, the more likely well be able to help . 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. 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. These reviews break down annuity offerings from each provider, including information about fees, minimum initial premiums, investment options, benefit riders, maximum issue ages, withdrawal charges, taxes and more. This in no way affects the quality, stability, or the strength of the Athene annuity products. Allianz 222 Fixed Index Annuity Request Info. 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. 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. 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. His mission is to help change the way annuities are bought and sold. This is an excellent annuity but it is really designed for income later. (optional). The highest minimum guaranteed return. Due to our experience and longevity in this arena, we have become very good at what we do, and weve actually come to be known as a highly trusted source of annuity information online. Here's one way to help prepare for life's "what-ifs". 4%. You can selectively provide your consent below to allow such third party embeds. AnnuityGator. This is where the fixed indexed annuity can come in. Athene Annuity and Life Company have not endorsed this product review in any fashion and we dont receive any compensation from it. 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. However, that being said, this annuity could also fall somewhat short if you needed the income to start before 10 years. Are there any other annuities that you would like to know more about? 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. 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. 2%. This versatile annuity also includes a built-in income and death benefit rider at no added premium charge. This holds true (somewhat) with the Athene Agility 7 fixed indexed annuity. 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. 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. Thank you for your answer! 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? MAY LOSE VALUE. My financial dude has brought me Athene Performance Elite Plus 7. The Lifetime Income Withdrawal amount will be doubled if qualifications are met, and the Accumulated Value is greater than zero. In order to read the companys press releases in full regarding this matter, go HEREand HERE. Athenes website describes the Agility annuity as one that can help you open the doors to retirement possibilities. Best. Ill wrap up my Athene Agility 10 review with some final thoughts. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. The FIA products also allow you to get income for life, so you can alleviate any worry about running out of income in retirement. However, that being said, this annuity could also fall somewhat short if you needed the income to start before 7 years. Download: Athene Agility 10 Rates & Product Guide. 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. You can take a closer look at the Athene complaints HERE. 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. Annuities are a popular tool for retirement planning, offering the opportunity for tax-deferred investing gains and guaranteed income streams. Please reach out to your financial professional if you have any questions about insurance products and their features. This provides you with an enhanced Death Benefit. 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. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. In 2020, Athene scored a 0.34, and in 2019, a 0.51. It has a participation rate and capped index crediting strategies as well as a fixed-interest option. This is best done via phone (as versus sending sensitive information back and forth via email). So, if youre ready to begin this review, lets go ahead and dive in! Throughout the past decade or so, the volatility in the market has really made investors think twice about putting their hard-earned savings into an area that could wipe away years of planning within a very short time if experiencing a market correction. We are not looking for income just safe growth-, Hi Robert Thank you for your comment. Over time, there can be a significant difference between these two figures. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. It was very informative. Jason Caudill is President of My Annuity Store, Inc. and has distributed more than $1.5 Billion of annuities during his career. This annuity review will give you a good start on that. Because of that, annuities that initially might seem exactly alike can actually give you vastly different results. The main reason for this is variable annuities do offer . Prior to starting income, your Benefit Base will increase by 175% of any Interest Credits that are added to your annuitys Accumulated Value. Products not available in all . With that in mind, it is important to note that this annuity is primarily geared towards receiving income later (at least seven years after purchasing the product) as versus income now.. What would be a better fit if need income before? 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. Please feel free to reach out to us directly, toll-free, at (888) 440-2468. This is where the Annuity Gator comes in!
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athene agility 10 vs allianz 222