Independent Review of the Athene Agility 7-Year Fixed Indexed Annuity [Updated December 2020], Independent Review of the American General Life Insurance Company Power 10 Protector Plus Income Index Annuity, We use cookies to enhance your experience while using our website. You must wait at least 10 years to turn on the lifetime income rider. NO BANK/CREDIT UNION GUARANTEE. The FIA products also allow you to get income for life, so you can alleviate any worry about running out of income in retirement. We make up a team of annuity professionals who have a primary focus on offering comprehensive yet non-biased annuity reviews online. How would you rate your experience using SmartAssets financial advisor matching service so far? We have heard many advisors say that you could take the free withdrawal from the Allianz 222 for years 8, 9, and 10. 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/ After the 30-day Bailout Window, all charges may apply. Best! There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. First, the Athene Agility guarantees a higher amount of lifetime income if we had an extended time of poor performance in the market indexes. Athene Ascent Pro 10. To check out more of the in-depth details about this annuity directly from the companys product guide, you can go HERE. (optional). Comprehensive guide to selecting the best annuity income rider based on your goals. Annuity Gator, Your email address will not be published. Over the past few years, Athene has received a number of customer complaints through the Better Business Bureau (BBB). Hi Robert Thank you for your message. In addition, we also realize that the information about annuities can and often does change. Athene is driven to deliver innovative fixed and fixed indexed annuities that help you win your market. 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. But, before you run out and commit to this annuity or to any annuity it is highly recommended that you first attain a good understanding of how the annuity works, and how it may (or may not) work for you. Insurance companies often issue contracts that are state-specific. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. 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. North American PrimePath 12. NOT A DEPOSIT. Her plan is to retire between the ages of 60 and 65. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. The S&P 500 without dividends was up 13.4%. This is an excellent annuity but it is really designed for income later. 2%. 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. Just check with us. Actual values may be higher or lower than the values shown. 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. 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. 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. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. SILAC TETON/DENALI 10 (85) F&G POWER ACCUM/ACCUM PLUS (85) ATHENE PERFORMANCE ELITE (83) List all products in the following category: annuities that write 86-90. 3.25%. MLSB Index Performance (Back-Tested & Actual) January 13, 1985, to December 31, 2020. Should that read, .the income increases are locked in, so that CANT be lost? 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. It gives you accumulation potential now (with two ways to get a bonus), 1 plus options to customize your income later. That is a big difference, the Allianz 222 income is to be turned on after 10 years. There are also some added bells and whistles that youll find on the Agility annuity from Athene, including: Dont worry well cover all of this shortly. 7%. 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. 2Fixed indexed annuities are not stock market investments and do not directly participate in any stock or equity investments. It also includes a built-in income and death benefit rider at no additional charge. . 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. We can assist you with that by running it through our annuity calculator, using your particular financial figures. This provides you with an enhanced Death Benefit. During the Income Phase, the Benefit Base will continue to grow 175% of the dollar amount credited to the Accumulated Value. We would be happy to help with any of the questions you have regarding the Athene Performance Elite Plus 7. When income is needed, the Agility shines in this area, too, as income payments may increase, based on the performance of the underlying index. Annuity Gator, Your email address will not be published. Benefit Base cannot be taken in a lump sum. I appreciate the annuity review for the Athene Agility 7 FIA. Hi Craig- Thank you for your message. In 2021, Athene Annuity & Life Company received an overall NAIC complaint index of 0.10, well below the 1.0 average. 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. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. Allianz. AnnuityAdvisors - Where advisors go for advice - Annuity Financial 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. 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. 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. So without further ado; let us dive into our Athene Agility 10 Review. Annuity Marketplace . This material is provided by Athene Annuity and Life Company headquartered in West Des Moines, Iowa, which issues annuities in 49 states and D.C., and Athene Annuity & Life Assurance Company of New York headquartered in Pearl River, New York, which issues annuities only in New York. This shows that the company . 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. Nothing on this website is a recommendation to buy or sell an annuity. 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. 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. All Rights Reserved | Privacy Policy, Please be as specific as possible. 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. Athene: Agility 10, Ascend Pro 10, & Performance Elite; Lincoln: OptiBlend Series; Global Atlantic: Choice Accumulation; SPIA. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. Allianz: 222 and 360; . Prior to starting income, your Benefit Base will increase by 175% of any Interest Credits that are added to your annuitys Accumulated Value. Over time, the returns will average out to be in the 2-4% range. Athene Protector 5. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. You can't anticipate every challenge you might face in retirement. The Lifetime Income Withdrawal amount will be doubled if qualifications are met, and the Accumulated Value is greater than zero. With that in mind, a financial advisor is likely to focus on this best of all worlds scenario when presenting this product to you. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. 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. 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. AND, the income increases are locked in, so they can be lost, regardless of what happens in the market.. Then there's probably a fixed or fixed indexed annuity that will work best. Our main mission here at Annuity Gator is to help you locate 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. Best, So, be sure to check back soon and regularly to see all of our new and updated annuity reviews. All transactions are subject to meeting a reinsurers underwriting requirements. So, if youre ready to begin this review, lets go ahead and dive in! 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. This is an independent annuity product review. Withdrawals are based upon the Accumulated Value of the last Contract Anniversary. Source BofA Securities, Bloomberg: The Index was created on August 12, 2014. Annuities The Agility 10 is not a great annuity if your objective is safe accumulation. SIPS Maintenance - Oct 2022. 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. American Equity IncomeShield 7 Annuity. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. F&G; MYGA markets aren't great right now, so we're suggesting advisors consider looking at 5 year FIA as alternatives. 10%, Agility 10 Allianz 222 (222) Inital Premium10%,, Account ValueInitial Premium,Agility 10. . It also offers a built-in death benefit rider at no additional charge. ANNUITIES ARE PRODUCTS OF THE INSURANCE INDUSTRY AND NOT GUARANTEED BY ANY BANK NOR INSURED BY FDIC OR NCUA/NCUSIF. 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. 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. Annuity Gator, For instance, with this product, your income could increase each year, depending on the index strategies that you chose. 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. Insurance companies also change their products and information often and without notice. Second, you can receive a bonus on the Protected Income Value (PIV) of . We can assist you with that by running it through our annuity calculator, using your specific financial figures. 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. Allianz 222 Fixed Index Annuity Request Info. My Annuity Store, Inc. is a licensed fixed annuity producer and does not advise clientson the purchase of non-fixed annuity products. 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. However, there are a few areas to keep in mind that could cost you, if youre not careful. Athene also offers 175% stacked growth to the annuitys benefit base which means that the annuitys return shares in 175% of what the underlying index returns. Please see the Certificate of Disclosure for more information. Allianz 222 Fixed Index Annuity Request Info. 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 versatile product includes a built-in Income and Death Benefit rider at no additional charge. 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. This waiver is available after your first Contract Anniversary. 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. 25%Bloomberg US Dynamic Balance Index II with 3.2% annual spread. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. If this is the case there are better alternative annuities, just check with us. Athene has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. "Earn a 10-15% Bonus. $10,000. However, that being said, this annuity could also fall somewhat short if you needed the income to start before 10 years. We create opportunitiesfor your clients and for you with competitive annuity solutions for accumulation, income, protection and legacy. Best, Heres how the annuity might look over a 30-year period. Quick View. Athene Agility 10. 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. 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. Annual Point to Point #2. First, Allianz 222 Annuity is a fixed index annuity that gives you the potential to earn interest in two different ways: You can earn interest based on your choice of several index options, or you can choose to receive fixed interest. Help clients open doors to retirement possibilities. It may even have been your attendance at that event that has led you online, on a quest for more information. This in no way affects the quality, stability, or the strength of the Athene annuity products. You may not be diagnosed during the first Contract Year. If this is your first visit to our website, we would like to formally welcome you to Annuity Gator. There are spreads, caps or participation rates that limit how much of the return you receive. But, due in large part to the increased number of new annuity products that are being pushed out into the market by insurance companies each one of them trying to outdo the other these particular annuities can also be extremely confusing. We have made the necessary edits to the article. Allianz 222 - ALLIANZ222V2 Allianz 360 - ALLIANZ360V2 Allianz 365i - ALLIANZ365iV2 Allianz Benefit Control Product Training: ABCANNUITY . Athene is a leading retirement services company that is dedicated to helping individuals and institutions fund retirement needs. Best, Please call (855) 583-1104 if you have any questions or concerns. Her goal. Meaning you want your lifetime income to start at least 7 years or more down the road. The illustration is not valid without all 18 pages and the statement of understanding. 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. 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. The Benefit Base is equal to the Initial Premium, plus the Benefit Base bonus amount. The FIA products also allow you to get income for life, so you can alleviate any worry about running out of income in retirement. Products not available in all states. Thank you for your answer! Not to be used with the offer or sale of annuities. Premium Bonus. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). Here's one way to help prepare for life's "what-ifs". allianz offers a free look period but it doesn't state how long it is online. Product features, limitations and availability vary; see the Certificates of Disclosure for details. The Annuity Gator. 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. 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.. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any users account by an Adviser or provide advice regarding specific investments. The more specific and detailed you are, the more likely well be able to help . Technically you could withdraw your free 10% each year but that would not be using this contract to its full advantage. Additionally, the Athene Agility 10 has a 10-year contract term and I suggest staying in the 5 to 7-year range for accumulation. Annuities are subject to the terms and conditions of the specific contract issued by the insurer, are not FDIC or NCUA insured, are not bank guaranteed, may lose value, and are not a deposit. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. Athene USA services customers in all 50 of the United States. Once you start receiving your retirement paycheck, your Benefit Base will continue to grow by 175% of any interest credits you earn. This, however, isnt really all that uncommon, as there are many different annuities out there in the world, and there almost as many different thoughts and opinions about them. MAY ONLY BE OFFERED BY A LICENSED INSURANCE AGENT. The institutional channel includes reinsurance and group annuity contracts related to pension group annuities. Sometimes it can really help to see first hand how a financial product has been or has not been working out for other investors. 7%. This holds true (somewhat) with the Athene Agility 7 fixed indexed annuity. This is much different in contrast to the best-selling 222 which makes the annuity owner wait 10 years prior to turning on lifetime income. One of the things we really like is the Athene Agility 10 offers annual and two-year annual reset options: #1. To check out the Annuity Gators updated review of the Allianz 222 annuity go HERE. 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. 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. Two-Year Point to Point. In this annuity review, we will be discussing the following details on the Athene Agility 7-year fixed indexed annuity: Annuities can be complex. But even so, the only way to really know if this annuity is right for you is to have it tested. 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. For complete information about the cookies we use, data we collect and how we process them, please check our. 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. $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. Athene MaxRate. Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. We look forward to hearing from you. 4%. The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. 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. The Athene Agility 10 is a fixed index annuity with a 10-year contract term. 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. Your feedback is very important to us. Best. This means there are two separate values; an account value and a protected income value. 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. 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. 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. Thank you for pointing that out. The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. 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. 1 yr. 2 yr. 3 yr. 4 yr. 5 yr. 6 yr. 7 yr . Interest Only. This is not an offer to buy or sell any security or interest.
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