In this case, for instance, there is no added cost for the income rider. The company also holds approximately approximately $2 billion in excess capital. The values show what would happen if the stated index earned indexed interest using current rates for the periods indicated. 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. (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. 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. Insurance products may not be available in all states. 1Lifetime Income Withdrawals may be reduced or may stop if you take Excess Withdrawals from your contract. But even so, the only way to really know if this annuity is right for you is to have it tested. 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. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. Retire in 10 Years. Allianz See all Allianz Annuities. 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. MAY LOSE VALUE. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. 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. Please see the Certificate of Disclosure for more information. You can find these reviews in our massive annuity review database that is located on our website. Training is required prior to selling any Athene 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. 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. 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. All transactions are subject to meeting a reinsurers underwriting requirements. Athene describes the Agility 7 annuityas a fixed indexed annuity for income with agility.. An in-depth look at performance-based & Guaranteed options. If the insured has any objections to any of the terms and conditions, s/he has the option to 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. 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. Your email address will not be published. This, in turn, can also increase the value of the death benefit if you have chosen the death benefit rider. ATHENE AGILITY. allianz offers a free look period but it doesn't state how long it is online. Save my name, email, and website in this browser for the next time I comment. The values show what would happen if the allocations earned interest using current rates in all years. 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. Best. You must wait at least 10 years to turn on the lifetime income rider. Below we will look at the historical rates of return for Agility 10; remember, hypothetical illustrations are not guaranteed. F&G Retirement Pro Annuity. How would you rate your experience using SmartAssets financial advisor matching service so far? Enhanced Death Benefit capped at 125% Cash Surrender Value or 250% net premium in AK, HI, NJ, PA, and WA. In this case, for instance, there is no added cost for the income rider. 2Fixed indexed annuities are not stock market investments and do not directly participate in any stock or equity investments. 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. Financial professionals will be paid a commission on the sale of an annuity. In this annuity review, we will be discussing the following details on the Fixed Indexed Athene Agility 10 Year annuity: Annuities can be complex. 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. 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. Product features, limitations and availability vary; see the Certificates of Disclosure for details. My Annuity Store, Inc. All rights reserved. Product features, limitations and availability vary; see the Certificates of Disclosure for details. 8%. We make up a team of annuity professionals who have a primary focus on offering comprehensive yet non-biased annuity reviews online. 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. If this is your first visit to our website, we would like to formally welcome you to Annuity Gator. You can take a closer look at the Athene complaints HERE. Depending on your situation and goals, it could still be the right choice for you. 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). These companies are not undertaking to provide investment advice for any individual or in any individual situation, and therefore nothing in this should be read as investment advice. Annuities Prior to starting income, your Benefit Base will increase by 175% of any Interest Credits that are added to your annuitys Accumulated Value. 3Withdrawals and surrender may be subject to federal and state income tax and, except under certain circumstances, will be subject to an IRS penalty if taken prior to age 59. This field is for validation purposes and should be left unchanged. Increases are locked in and cannot be lost, regardless of future index performance. You can't anticipate every challenge you might face in retirement. That is a big difference, the Allianz 222 income is to be turned on after 10 years. It was very informative. 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. SIPS Maintenance - Oct 2022. Athene. We have made the necessary changes. Not all reinsurance products or structures offered are available in all jurisdictions. Insurance companies also change their products and information often and without notice. The Athene Agility 10 is a fixed index annuity with a 10-year contract term. 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. If you want your income to start before that then there are better annuities to meet that goal. We create opportunitiesfor your clients and for you with competitive annuity solutions for accumulation, income, protection and legacy. This is an excellent annuity but it is really designed for income later. 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/ However, there are a few areas to keep in mind that could cost you, if youre not careful. We appreciate your clarification on this specific annuitys initial bonus boost. Annuity Gator, Your email address will not be published. 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. We investigate and compare annuities, and in turn, we provide our website visitors with the in-depth information that they may not receive from their insurance or financial advisors. We can assist you with that by running it through our annuity calculator, using your particular financial figures. Actual values may be higher or lower than the values shown. 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. This is an independent Athene Agility 10 review, not a recommendation or solicitation to buy or sell an annuity. We look forward to chatting with you. 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. What would be a better fit if need income before? Thank you for your answer! In addition, your benefit base can continue to grow, even after you are turned on the income stream. 25% PIMCO Tactical Balance Index with 3.1% annual spread. You can also take a peek at the full Athene Agility annuity product guide HERE. 9%. Index annuities are fixed annuities and generate fixed income type of returns. Athene has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. Athene Ascent Pro 10. In order to read the companys press releases in full regarding this matter, go HEREand HERE. It also includes a built-in income and death benefit rider at no additional charge. (optional). 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. 1; 2; . All investing involves risk, including loss of principal. This companys life insurance offices are based out of Delaware, Iowa, and New York. AnnuityAdvisors - Where advisors go for advice - Annuity Financial If youve been reviewing annuities on the Internet, it is possible that you have come across some highly conflicting information about these products. It happened to me on Thursday morning when I found about the hidden fees in the Allianz 222. (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. 7%. That is a big difference, the Allianz 222 income is to be turned on after 10 years. Values shown are not guaranteed unless specifically stated otherwise. Allianz Benefit Control Annuity. Not available in all states. 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. That being said, if youve been seeking more in-depth details about the Athene Agility 10 annuity, you have certainly landed in the right place. Annuities are a popular tool for retirement planning, offering the opportunity for tax-deferred investing gains and guaranteed income streams. Second, you can receive a bonus on the Protected Income Value (PIV) of . Athene is driven to deliver innovative fixed and fixed indexed annuities that help you win your market. 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. $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. Not available in all states. Save my name, email, and website in this browser for the next time I comment. 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. This is an independent annuity product review. Allianz Endurance Plus (No Longer For Sale) American Equity IncomeShield 10 Annuity. 10%, Agility 10 Allianz 222 (222) Inital Premium10%,, Account ValueInitial Premium,Agility 10. . In the Allianz 222 Annuity, if you selected monthly sum crediting, you would be credited with a gain of 2.26%. For complete information about the cookies we use, data we collect and how we process them, please check our. Description. The contract features described may not be current and may not apply in the state in which you reside. 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. Are there any other annuities that you would like to know more about? Technically you could withdraw your free 10% each year but that would not be using this contract to its full advantage. 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. This in no way affects the quality, stability, or the strength of the Athene annuity products. Athene has acknowledged this and made the corrections with the third-party subcontractor so that this would not be an issue going forward. The Athene Agility annuity is a fixed indexed annuity with a $10,000 minimum investment and a maximum issue age of 83. Withdrawals are not credited with index interest in the year they are taken. 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. 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. In addition, as annuities and fixed indexed annuities in particular have become more popular over the past several years, more and more insurers are introducing new products out into the marketplace. Allianz: 222 and 360; . We would be happy to help with any of the questions you have regarding the Athene Performance Elite Plus 7. Please update. In 2020, Athene scored a 0.34, and in 2019, a 0.51. Annuity and Insurance Agency 1050 Crown Pointe Parkway Atlanta, GA 30338. Her goal. 2.5%. In addition to possible surrender charges, there can also be some other fees involved if you own the Athene Agility fixed indexed annuity. 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. < This link is outdated and shows information, percentages and index strategies not currently used by the product. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. Hi Craig- Thank you for your message. Athene Ascent SM Pro 10 Additional limitations, state variations, and exclusions may apply. But that is not what the product was built for and we believe that would lead to less than optimal results. 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. Athene: Agility 10, Ascend Pro 10, & Performance Elite; Lincoln: OptiBlend Series; Global Atlantic: Choice Accumulation; SPIA. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. 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. 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. 2%. 3.75%. 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. ANNUITIES ARE PRODUCTS OF THE INSURANCE INDUSTRY AND NOT GUARANTEED BY ANY BANK NOR INSURED BY FDIC OR NCUA/NCUSIF. In addition to its a rating from S&P, the company has also earned an A from A.M. Best and an A from Fitch. 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. Athene MaxRate. Just check with us. 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. The Athene Agility 10 is a fixed index annuity with a 10-year contract term. Athene USA services customers in all 50 of the United States. I appreciate the annuity review for the Athene Agility 7 FIA. 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 existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. 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. During the Income Phase, the Benefit Base will continue to grow 175% of the dollar amount credited to the Accumulated Value. Withdrawals are based upon the Accumulated Value of the last Contract Anniversary. Annuities are distributed by My Annuity Store, Inc. This product is designed to deliver strong income and growth potential, along with liquidity. 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. Best, Benefit Base cannot be taken in a lump sum. In addition, we also realize that the information about annuities can and often does change. Kiara Caudill California License: 4109080. Confinement must begin after the first contract year. 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. 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. Annuity Gator. Your feedback is very important to us. 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. If this would be of interest to you, please contact us using the form below: document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We realize that this annuity review ran a bit on the long side. 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 The highest guaranteed income for life. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. Best. Allianz 222 Annuity. So, be sure to check back soon and regularly to see all of our new and updated annuity reviews. an interest bonus resulting in a credit of 150% of any interest you earn from your chosen allocations. . Because of that, annuities that initially might seem exactly alike can actually give you vastly different results. 3%. 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. In addition, the Athene Agility 10 allows free withdrawals of 10% per year based either the initial premium or the account value, whereas the 222 annuity from Allianz only allows you to take out up to 10% based on the initial premium. ATHENE - Agility 10 . The guaranteed lifetime income for both the Athene Agility and the Allianz 222 . 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. These financial vehicles allow you the opportunity to attain index-linked returns as well as the safety of principal, regardless of what occurs in the market. The illustration is not valid without all 18 pages and the statement of understanding. 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. 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. 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. Enhanced Death BenefitThe Benefit Base is paid out in equal payments over the currently declared Death Benefit Payout Period. We cant help everyone, but we do our best to always get back in touch within 24 hours. 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. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. That makes it tough to know which one is best aligned with your retirement income needs. 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.? Annuity Gator, We are looking for a place to park $400k for 7-10 years. Once you start receiving your retirement paycheck, your Benefit Base will continue to grow by 175% of any interest credits you earn. The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. 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. This annuity is designed for delivering strong income and growth potential, plus liquidity. "Earn a 10-15% Bonus. 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. Athene Performance Elite 7. Rather than sending the info back and forth via email, it would be best to discuss by phone. Retire in 11+ Years. 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. This 10 year fixed index annuity comes with many features built-in for free; however, as great as it is it isnt for everyone. 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.. Not to be used with the offer or sale of annuities. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. This versatile annuity also includes a built-in income and death benefit rider at no added premium charge. Rather than sending sensitive personal and financial details back and forth via email, though, it would be best to discuss via phone. Quick View. 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. Product features, limitations and availability vary; see the Certificates of Disclosure for details. Book a FREE consultation. F&G; MYGA markets aren't great right now, so we're suggesting advisors consider looking at 5 year FIA as alternatives. However, we will be in a better position to know that after getting some additional information from you. 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.. 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. However, we feel that providing you with too much information is far better than not giving you enough. It also offers a built-in death benefit rider at no additional charge.
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athene agility 10 vs allianz 222 2023