ATHENE - Agility 10 . But 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. North American PrimePath 12. Over time, the returns will average out to be in the 2-4% range. SIPS Maintenance - Oct 2022. Athene USA services customers in all 50 of the United States. Allianz. Athene Life Insurance Review - Investopedia 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. Especially in light of the fact that the Allianz 222 is oftentimes directly compared to this Athene annuity. We have actually just recently updated our Allianz 222 annuity review, so please feel free to check back to our AnnuityGator.com website in order to check out the May 2017 information. Allianz Endurance Plus (No Longer For Sale) American Equity IncomeShield 10 Annuity. 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. 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. It happened to me on Thursday morning when I found about the hidden fees in the Allianz 222. Product Specific Training Instructions - Brokers' Choice of America Also, as with most other annuities, if more than 10% of the contracts value is withdrawn during the surrender charge period, a withdrawal charge penalty will be incurred. That is a big difference, the Allianz 222 income is to be turned on after 10 years. 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. If this is your first visit to our website, we would like to formally welcome you to Annuity Gator. That's why Allianz 222 annuity gives you the flexibility to address life's "what ifs.". Nothing on this website is a recommendation to buy or sell an annuity. Allianz 222 Fixed Index Annuity Request Info. . Thank you for pointing that out. Athene Annuity | Agility Annuity 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. This field is for validation purposes and should be left unchanged. Variable annuities have these features too, they just don't offer quite as high guarantees as fixed type annuities at this time. 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. Jason Caudill is President of My Annuity Store, Inc. and has distributed more than $1.5 Billion of annuities during his career. Should that read, .the income increases are locked in, so that CANT be lost? Jason has been a student of annuities since the age of 21 when was an intern for New York Life Insurance Company. Product features, limitations and availability vary; see the Certificates of Disclosure for details. You can't anticipate every challenge you might face in retirement. Athene Agility 10 Review | My Annuity Store In 2021, Athene Annuity & Life Company received an overall NAIC complaint index of 0.10, well below the 1.0 average. What would be a better fit if need income before? 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 annuities allow customers to tie their assets to a market index available through Athene. Two-Year Point to Point. 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. The S&P 500 without dividends was up 13.4%. AND, the income increases are locked in, so they cant be lost, regardless of what happens in the market. Independent Review of the Athene Agility 7-Year Fixed Indexed Annuity Annuity Gator, We are looking for a place to park $400k for 7-10 years. It is important that note that Allianz can change your caps at any time. 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. 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. Please update. However, we feel that providing you with too much information is far better than not giving you enough. The Athene Agility 10 is a fixed index annuity with a 10-year contract term. Products not available in all states. 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. While you're saving for retirement, Allianz 222 Annuity can help by giving you two ways to get a bonus to your Protected Income Value: a 35% bonus on any premium you put into your annuity in the first 18 months, and. The company also holds approximately approximately $2 billion in excess capital. Best, 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. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. ALLIANZ 222/ABC GLOBAL ATLANTIC CHOICE ACCUM. Athene Protector 5. However, that being said, this annuity could also fall somewhat short if you needed the income to start before 10 years. Allianz 222 Annuity. The highest minimum guaranteed return. 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. 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. 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. Annual Point to Point #2. If you want your income to start before that then there are better annuities to meet that goal. So without further ado; let us dive into our Athene Agility 10 Review. In order to read the companys press releases in full regarding this matter, go HEREand HERE. We look forward to chatting with you. Retire in 10 Years. We cant help everyone, but we do our best to always get back in touch within 24 hours. In this case, for instance, there is no added cost for the income rider. In addition, we also realize that the information about annuities can and often does change. Annuity and Insurance Agency 1050 Crown Pointe Parkway Atlanta, GA 30338. Please limit your response to 150 characters or less. Financial professionals will be paid a commission on the sale of an annuity. Product features, limitations and availability vary; see the Certificates of Disclosure for details. Agility | Fixed Indexed Annuity | Athene SIPS Maintenance Log - Structured Income Planning System (SIPS) 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. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. This holds true (somewhat) with the Athene Agility 10 year fixed indexed annuity. Income payments may increase each year depending on the performance of your clients chosen index strategies, Increases are locked in and cannot be lost regardless of future index performance, Indexed interest crediting strategies feature indices exclusive to Athene, Initial bonus that instantly boosts the Benefit Base, 175% market-leading stacked growth to the Benefit Base, Benefit Base continues growing after income has started, growing the value of the Rider Death Benefit, Up to 10% penalty-free withdrawals based on Accumulated Value or initial premium, whichever is greater, Enhanced Income Benefit at no additional charge, Built-in Rider Death Benefit beneficiary receives the fullremaining value of the riders Benefit Base in annual payments. Once you start receiving your retirement paycheck, your Benefit Base will continue to grow by 175% of any interest credits you earn. We appreciate your clarification on this specific annuitys initial bonus boost. 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. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. With that in mind, it is important to note that the Agility 10 annuity from Athene is primarily geared towards receiving income later (at least ten years after purchasing the product) as versus a product for getting income now.. Enhanced Death BenefitThe Benefit Base is paid out in equal payments over the currently declared Death Benefit Payout Period. Index annuities are fixed annuities and generate fixed income type of returns. ATHENE - Agility 10 (cant use for in-home health cases like you can in the. This in no way affects the quality, stability, or the strength of the Athene annuity products. 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. Your email address will not be published. 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. 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. Extensive Guide to Selling Annuities You can selectively provide your consent below to allow such third party embeds. 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. It has a participation rate and capped index crediting strategies as well as a fixed-interest option. Just check with us. 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. The main reason for this is variable annuities do offer . No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. As with other fixed indexed annuities, the Athene Agility 10 annuity offers the opportunity for market-linked growth, but without worry about losses in a market downturn. If this is something that would be of interest to you, then please contact us. We look forward to hearing from you. It also includes a built-in income and death benefit rider at no additional charge. All Rights Reserved | Privacy Policy, Please be as specific as possible. Retire in 11+ Years. Contact your back office or the Athene Sales Desk for product availability. 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). 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. Fixed indexed annuity. 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? an interest bonus resulting in a credit of 150% of any interest you earn from your chosen allocations. Hi Richard Thank you for your message. 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. We would be happy to assist you to find similar annuities to Athene Agility 7. Allianz: 222 and 360; . 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. Not all reinsurance products or structures offered are available in all jurisdictions. 25% Nasdaq 100 Annual Point to Point with 3.25% annual cap. 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. 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. 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. 5%. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. 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. 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. For complete information about the cookies we use, data we collect and how we process them, please check our. Annuities are distributed by My Annuity Store, Inc. We are not looking for income just safe growth-, Hi Robert Thank you for your comment. Additional limitations, state variations, and exclusions may apply. Not to be used with the offer or sale of annuities. 3%. Allianz See all Allianz Annuities. Hi Axel, 8 yr. 9 yr. 10 yr. 9% 9% 8% 7% 6% 5% 4% 3% 2% 1%, Your Benefit Base will continue to receive Interest Credits even while youre getting your retirement paycheck.. This product is designed to deliver strong income and growth potential, along with liquidity. When income is needed, the Agility shines in this area, too, as income payments may increase, based on the performance of the underlying index. 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. Additional limitations, state variations, and exclusions may apply. 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. Hidden Fees in the Allianz 222 $10,000. 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. During the Income Phase, the Benefit Base will continue to grow 175% of the dollar amount credited to the Accumulated Value. 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. We investigate and compare annuities, and in turn, provide our website visitors with the in-depth information that they may not receive from their insurance or financial advisor. Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. For a direct comparison of the Allianz 222 annuity versus the Athene Agility 10 annuity, go HERE. 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. It may even have been your attendance at that event that has led you online, on a quest for more information. Products not available in all states. 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 addition to possible surrender charges, there can also be some other fees involved if you own the Athene Agility 10 Year Fixed Indexed annuity. These charges are set up as follows: Athene Agility 10 Annuity Surrender Charge Schedule. This is an excellent annuity but it is really designed for income later. Because of that, annuities that initially might seem exactly alike can actually give you vastly different results. 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. 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. An impartial review of the Allianz 222 Annuity - updated August 2021 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. 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. Athenes website describes the Agility annuity as one that can help you open the doors to retirement possibilities. 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. Athene Ascent SM Pro 10 With that in mind, a financial advisor is likely to focus on this best of all worlds scenario when presenting this product to you. Prior to committing to the purchase of any type of insurance and/or investment vehicle, it is critical that you do your own due diligence, and that you also talk with a properly licensed professional if you have any questions that relate to your specific situation. 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. Kiara Caudill California License: 4109080. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. Wed need to get some additional information from you, though, in order to do so. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. Athene is a leading retirement services company that is dedicated to helping individuals and institutions fund retirement needs. 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. This is an independent annuity product review. 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. However, even though this best of all worlds scenario initially seems very appealing, these benefits can also come at a cost. All content is for educational purposes only. Learn the features and benefits, rates, and more of the Agility 10 Fixed Index Annuity offered by Athene. Multi-year guarantee annuity. We have made the necessary edits to the article. Then there's probably a fixed or fixed indexed annuity that will work best. Annuity Gator, Your email address will not be published. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. Second, you can receive a bonus on the Protected Income Value (PIV) of . 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. Save my name, email, and website in this browser for the next time I comment. If you selected the annual point-to-point crediting option, you would receive 2.25. So, it makes it even more essential that you read over all of the fine print before you commit what could be a large percentage of your savings to this annuity. And, this income can also rise over time to help you keep pace with the rising cost of goods and services that you need to purchase in retirement. The Agility 10 is not a great annuity if your objective is safe accumulation. 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. 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.