All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. So while your returns are dependent on how your chosen index performs, it isn't literally invested in the market like a normal investment would be. In order to read the companys press releases in full regarding this matter, go HEREand HERE. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. Athene Ascent Pro 10. Because of that, annuities that initially might seem exactly alike can actually give you vastly different results. For complete information about the cookies we use, data we collect and how we process them, please check our. 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. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. Her goal. This field is for validation purposes and should be left unchanged. 2.5%. You can't anticipate every challenge you might face in retirement. Rather than sending sensitive personal and financial details back and forth via email, though, it would be best to discuss via phone. In order to best support you, we would need some additional information from you. Athenes website describes the Agility annuity as one that can help you open the doors to retirement possibilities. In addition, as annuities and fixed indexed annuities in particular have become more popular over the past several years, more and more insurance carriers are introducing new products out into the marketplace. 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. ConfinementAfter the first Contract Year, you can withdraw up to 100% of your annuitys Accumulated Value if the Annuitantis confined to a Qualified Care facility for at least 60 consecutive days and meets the eligibility requirements. 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 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. Enhanced Death BenefitThe Benefit Base is paid out in equal payments over the currently declared Death Benefit Payout Period. The guaranteed lifetime income for both the Athene Agility and the Allianz 222 . Required fields are marked *. The Athene Agility 10 is a fixed index annuity with a 10-year contract term. Especially in light of the fact that the Allianz 222 is oftentimes directly compared to this Athene annuity. With that in mind, a financial advisor is likely to focus on this best of all worlds scenario when presenting this product to you. So without further ado; let us dive into our Athene Agility 10 Review. 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. You must wait at least 10 years to turn on the lifetime income rider. On each Anniversary, the Benefit Base will be credited 175% of the dollar amount credited to the Accumulated Value. 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. Sometimes it can really help to see first hand how a financial product has been or has not been working out for other investors. 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. So, be sure to check back soon and regularly to see all of our new and updated annuity reviews. All content is for educational purposes only. You may not be diagnosed during the first Contract Year. 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.. This is where the fixed indexed annuity can come in. 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. The contract features described may not be current and may not apply in the state in which you reside. 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. Two-Year Point to Point. 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. The institutional channel includes reinsurance and group annuity contracts related to pension group annuities. Your feedback is very important to us. Additional limitations, state variations, and exclusions may apply. The Benefit Base is equal to the Initial Premium, plus the Benefit Base bonus amount. 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. Allianz 222 Annuity. Athene Agility 10 is a 10-year fixed index annuity that boasts a free income rider with 2 options available at the time of issue. The Lifetime Income Withdrawal amount will be doubled if qualifications are met, and the Accumulated Value is greater than zero. Just contact us and we will help you review what annuities would be better for income starting earlier. Thats where having an Annuity Investigator who loves math comes in. Please feel free to reach out to us directly at (888) 440-2468. American Equity IncomeShield 7 Annuity. Best, 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. 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. You can find these reviews in our massive online annuity review database that is located on our website. Especially in light of the fact that the Allianz 222 is oftentimes directly compared to this Athene annuity. Enhanced Death Benefit capped at 125% Cash Surrender Value or 250% net premium in AK, HI, NJ, PA, and WA. We make the complex, simple. This annuity would not be a good fit if you planned to start the lifetime income before 7 years. We are a team of annuity professionals who have a key focus on offering comprehensive yet non-biased annuity reviews online. 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. The income payment from this annuity is guaranteed for the annuitants life. 2Fixed indexed annuities are not stock market investments and do not directly participate in any stock or equity investments. And, if you have any additional questions, please contact us directly via phone, toll-free, at (888) 440-2468. So, if youre ready to begin this review, lets go ahead and dive in! 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. AND, the income increases are locked in, so they can be lost, regardless of what happens in the market.. 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. In this annuity review, we will be discussing the following details on the Fixed Indexed Athene Agility 10 Year annuity: Annuities can be complex. We create opportunitiesfor your clients and for you with competitive annuity solutions for accumulation, income, protection and legacy. 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. There are spreads, caps or participation rates that limit how much of the return you receive. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. Where the Athene Agility 7 year really shines in comparison to the Allianz 222 annuity is the Agility offers a better participation rate for the income benefit. 10%. If you want your income to start before that then there are better annuities to meet that goal. This, in turn, can also increase the value of the death benefit if you have chosen the death benefit rider. He believes a lack of access to educational materials and annuity products has hindered the widespread adoption of these strategies in the United States. This, however, isnt really all that uncommon, as there are many different annuities, and there many different thoughts about them. We have heard many advisors say that you could take the free withdrawal from the Allianz 222 for years 8, 9, and 10. For complete information about the cookies we use, data we collect and how we process them, please check our. 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. allianz offers a free look period but it doesn't state how long it is online. Any other good growth and income annuities in the 5 to 8 year time range? 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. Source BofA Securities, Bloomberg: The Index was created on August 12, 2014. Then there's probably a fixed or fixed indexed annuity that will work best. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. 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. 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. Allianz Benefit Control Annuity. Jackson National Perspective II Lifeguard Freedom Flex, Independent Review of the Athene Agility 7-Year Fixed Indexed Annuity [Updated December 2020], Athene held nearly $147 billion in total GAAP assets, 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, Athene Agility 10-Year 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, 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 seven full years of purchasing the annuity, Do not intend to use the lifetime income feature of the annuity. We would be happy to run an analysis for you to see what type of annuity may be a good fit. If this is something that would be of interest to you, then please contact us. 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. 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. 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. (And, unlike many fixed indexed annuities, the income rider on the Athene Agility 7 is added at no extra charge). North American; Nationwide; Global Atlantic; MYGA. The indexed interest is based on actual index performance during the most recent 10-calendar year period for the first 10 years. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. This is primarily because fixed indexed annuities provide the opportunity to receive positive growth when an underlying market index is being tracked and performs well, while also protecting your principal if the underlying index performs poorly during a given period of time. We have heard many advisors say that you could take the free withdrawal from the Allianz 222 for years 8, 9, and 10. This versatile annuity also includes a built-in income and death benefit rider at no added premium charge. Annualized Credited Rate does not reflect anyrider or contract charges. 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 provides you with an enhanced Death Benefit. 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. 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. 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. 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. Are there any other annuities that you would like to know more about? It also offers a built-in death benefit rider at no additional charge. Heres how the annuity might look over a 30-year period. Annuities Athene Agility is designed to deliver strong income and growth potential plus liquidity. Benefit Base cannot be taken in a lump sum. Heres how the annuity might look over a 30-year period. 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. For financial professional use only. The company also holds approximately approximately $2 billion in excess capital. But even so, the only way to really know if the Athene Agility 10 annuity is right for you is to have it tested. 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. Confinement must begin after the first contract year. Insurance companies also change their products and information often and without notice. The Athene Agility annuity is a fixed indexed annuity with a $10,000 minimum investment and a maximum issue age of 83. 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. ANNUITIES ARE PRODUCTS OF THE INSURANCE INDUSTRY AND NOT GUARANTEED BY ANY BANK NOR INSURED BY FDIC OR NCUA/NCUSIF. 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. Her plan is to retire between the ages of 60 and 65. If youve been reviewing annuities on the Internet, it is possible that you have come across some highly conflicting information about these products. 25% Nasdaq 100 Annual Point to Point with 3.25% annual cap. MAY LOSE VALUE. . Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. 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: But, even as nice as these claims may be, it means that it is even more necessary for you to make sure that they are actually true before you move forward and commit a large chunk of your money to such products. All transactions are subject to meeting a reinsurers underwriting requirements. Learn the features and benefits, rates, and more of the Agility 10 Fixed Index Annuity offered by Athene. North American PrimePath 12. Athene Performance Elite 7. In this case, for instance, there is no added cost for the income rider. 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. 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. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. 5%. Over the past few years, Athene has received a number of customer complaints through the Better Business Bureau (BBB). Training is required prior to selling any Athene annuity. These annuities allow customers to tie their assets to a market index available through Athene. Athene Agility 10 Annuity. To check out more of the in-depth details about this annuity directly from the companys product guide, you can go HERE. Please call (855) 583-1104 if you have any questions or concerns. 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. 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. Reinsurers may not be licensed in all states. Over time, there can be a significant difference between these two figures. Allianz 222 Review: Product Highlights. 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. 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. 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. Just contact us and we will help you review what annuities would be better for income starting earlier. The main reason for this is variable annuities do offer . Ill wrap up my Athene Agility 10 review with some final thoughts. 9%. P.S If you would like to read more of our Athene annuity reviews here are some links to check out: Thank you. As an additional bonus, fixed indexed annuities can also provide you with the ability to receive a guaranteed income for the remainder of your lifetime (as well as that of a spouse or partner, if applicable) regardless of how long that income may be needed. This holds true (somewhat) with the Athene Agility 10 year fixed indexed annuity. We cant help everyone, but we do our best to always get back in touch within 24 hours. 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. Products not available in all states. This is because these annuities provide the opportunity to receive positive growth when an underlying market index is being tracked and performs well, while also protecting your principal if the underlying index performs poorly. So, be sure to check back soon and regularly to see all of our new and updated annuity reviews. Help clients open doors to retirement possibilities. The S&P 500 without dividends was up 13.4%. F&G; MYGA markets aren't great right now, so we're suggesting advisors consider looking at 5 year FIA as alternatives. 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. Athene has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. 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. This shows that the company . Your email address will not be published. What are other similar annuities to this one? It could also be that you have recently attended an annuity seminar where, in return for a free dinner or lunch, the presenter had your attention while he or she described the Athene Agility 7-year fixed indexed annuity. NO BANK/CREDIT UNION GUARANTEE. These charges are set up as follows: 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 annuity would not be a good fit if you planned to start the lifetime income before 10 years. We look forward to chatting with you. 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. However, we feel that providing you with too much information is far better than not giving you enough. https://annuityassociation.comathene agility - athe. We would be happy to assist you to find similar annuities to Athene Agility 7. 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. Withdrawals in excess of the free amount are subject to a Withdrawal Charge which may result in the loss of principal if taken during the Withdrawal Charge Period. Meaning you want your lifetime income to start at least 10 years or more down the road. Annuity Gator, Your email address will not be published. 8%. This versatile product includes a built-in Income and Death Benefit rider at no additional charge. In addition, we also realize that the information about annuities can and often does change. 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. With that in mind, a financial advisor is likely to focus on this best of all worlds scenario when presenting this product to you. In fact, dare we say that our website is the only place online where you can obtain all of the information that you require for making a well-informed purchasing decision about this annuity. Annuity Gator, For instance, with this product, your income could increase each year, depending on the index strategies that you chose. We can assist you with that by running it through our annuity calculator, using your particular financial figures. Over time, the returns will average out to be in the 2-4% range. 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 this is the case there are better alternative annuities, just check with us. But even so, the only way to really know if this annuity is right for you is to have it tested. It also includes a built-in income and death benefit rider at no additional charge. Allianz See all Allianz Annuities. This is not an offer to buy or sell any security or interest. In the Allianz 222 Annuity, if you selected monthly sum crediting, you would be credited with a gain of 2.26%. Insurance products may not be available in all states. The values show what would happen if the stated index earned indexed interest using current rates for the periods indicated. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. 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. This is where the Annuity Gator comes in. The even better news is that this isn't the only product that can be used in this manner (e.g., Allianz 222, and Athene Agility). ATHENE - Agility 10 . All investing involves risk, including loss of principal. 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). 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. 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. Products not available in all states. Technically you could withdraw your free 10% each year but that would not be using this contract to its full advantage. 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. If Excess Withdrawals, Withdrawal Charges or Market Value Adjustments (MVAs) reduce the contracts Accumulated Value to zero, your Lifetime Income Withdrawal Payments willstopand the rider will terminate.