athene agility 10 vs allianz 222

(175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. 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. 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 complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. We look forward to chatting with you. I am showing an Athene Agility 10 Illustration using a $50,000 initial premium into the: Heres how the annuity might have looked over 3 different 10-year periods. 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. You can selectively provide your consent below to allow such third party embeds. 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. 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. If you have been in the process of reviewing annuities online, it is possible that you have come across some vastly conflicting information about these products. 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. This is best done via phone (as versus sending sensitive information back and forth via email). (optional). Additionally, the Athene Agility 10 has a 10-year contract term and I suggest staying in the 5 to 7-year range for accumulation. 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. Over the past few years, Athene has received a number of customer complaints through the Better Business Bureau (BBB). 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.. If you want your income to start before that then there are better annuities to meet that goal. To check out the Annuity Gators updated review of the Allianz 222 annuity go HERE. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. 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. The illustration is not valid without all 18 pages and the statement of understanding. $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. The contract features described may not be current and may not apply in the state in which you reside. North American; Nationwide; Global Atlantic; MYGA. Best, That is a big difference, the Allianz 222 income is to be turned on after 10 years. Athene Agility 10 Review | My Annuity Store Explore Allianz 222 Annuity | Allianz Life Below we will look at the historical rates of return for Agility 10; remember, hypothetical illustrations are not guaranteed. The highest minimum guaranteed return. Agility 7 Reviewed | Annuity Resources 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. This is an excellent annuity but it is really designed for income later. Thank you for pointing that out. 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. 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. Below are the tables from a $100K Athene Agility 10 Illustration placing $50,000 of premium into each of these 2 crediting options: The annuity was purchased at age 55 and income payments are deferred for 10 years; the number is for single lifetime income payments. 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. Allianz 222 Fixed Index Annuity - The Annuity Expert 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. Her goal. So financially, Athene is strong and stable. 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. 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. Depending on your situation and goals, it could still be the right choice for you. We talked about a lot of differences between the two contracts but one thing he said is something I had never realized . Best. 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. 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. 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. Athene is a leading retirement services company that is dedicated to helping individuals and institutions fund retirement needs. 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? Extensive Guide to Selling Annuities 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. After the 30-day Bailout Window, all charges may apply. With that in mind, a financial advisor is likely to focus on this best of all worlds scenario when presenting this product to you. Allianz 222 Fixed Index Annuity Request Info. 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. The term financial professional is not intended to imply engagement in an advisory business with compensation unrelated to sales. 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. This in no way affects the quality, stability, or the strength of the Athene annuity products. That makes it tough to know which one is best aligned with your retirement income needs. Athene Annuity Review | SmartAsset.com Hi Richard Thank you for your message. 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. However, we will be in a better position to know that after getting some additional information from you. The FIA products also allow you to get income for life, so you can alleviate any worry about running out of income in retirement. Hi Axel, In addition, the Athene Agility allows free withdrawals of 10% per year based on 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. For financial professional use only. In this case, for instance, there is no added cost for the income rider. The Lifetime Income Withdrawal amount will be doubled if qualifications are met, and the Accumulated Value is greater than zero. 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. Over time, the returns will average out to be in the 2-4% range. As of mid-2020, Athene held nearly $147 billion in total GAAP assets. The more specific and detailed you are, the more likely well be able to help . In addition to possible surrender charges, there can also be some other fees involved if you own the Athene Agility fixed indexed annuity. AnnuityAdvisors - Where advisors go for advice - Annuity Financial Meaning you want your lifetime income to start at least 7 years or more down the road. . Athene has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. This is not an offer to buy or sell any security or interest. This means there are two separate values; an account value and a protected income value. 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. If this is the case there are better alternative annuities, just check with us. So, if you felt that this annuity review was helpful, then please feel free to pass it along and share it with anyone else who you think might also benefit from it. However, there are a few areas to keep in mind that could cost you, if youre not careful. 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). We look forward to chatting with you. This annuity review will give you a good start on that. If this is your first visit to our website, we would like to formally welcome you to Annuity Gator. And, if you have any additional questions, please contact us directly via phone, toll-free, at (888) 440-2468. 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. Independent Review of the Athene Agility 7-Year Fixed Indexed Annuity I did notice a possible error. The Agility 10 is not a great annuity if your objective is safe accumulation. Heres how the annuity might look over a 30-year period. ATHENE - Agility 10 . Nothing on this website is a recommendation to buy or sell an annuity. Annuity Gator, Your email address will not be published. During the Income Phase, the Benefit Base will continue to grow 175% of the dollar amount credited to the Accumulated Value. This holds true (somewhat) with the Athene Agility 10 year fixed indexed annuity. With Athenes experienced management team, the company has grown from a start-up just a decade ago, to a firm that holds nearly $150 billion in total GAAP assets, more than $117.5 billion in invested assets, and over $13 billion in total equity. When income is needed, the Agility shines in this area, too, as income payments may increase, based on the performance of the underlying index. However, because there are so many moving parts on fixed indexed annuities, you really need to take a deeper look into how the components of these annuities work, because typically, they arent always a walk in the park when it comes to generating the returns you are anticipating. 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.? The account value is real money and what you could withdraw as a lump sum at the end of the . To check out more of the in-depth details about this annuity directly from the companys product guide, you can go HERE. Allianz 222 Annuity: An Independent, Objective Review 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. With that in mind, a financial advisor is likely to focus on this best of all worlds scenario when presenting this product to you. Athene Life Insurance Review - Investopedia 5%. 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. Annuities are a popular tool for retirement planning, offering the opportunity for tax-deferred investing gains and guaranteed income streams. We make the complex, simple. (cant use for in-home health cases like you can in the. One of the things we really like is the Athene Agility 10 offers annual and two-year annual reset options: #1. 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 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. 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. One of the biggest reasons that consumers are so interested in fixed indexed annuities (FIAs) is because they can essentially offer the best of both worldsor at least it can appear that way. MAY LOSE VALUE. Athene Ascent Pro 10. Annuities That Offer Income Riders Without a Fee (2023) Withdrawals are not credited with index interest in the year they are taken. All transactions are subject to meeting a reinsurers underwriting requirements. Over time, there can be a significant difference between these two figures. Download: Athene Agility 10 Rates & Product Guide. 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. Unbiased Allianz Benefit Control Annuity Review All investing involves risk, including loss of principal. This is where the Annuity Gator comes in. This provides you with an enhanced Death Benefit. 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. North American PrimePath 12. Allianz 222 Review: Product Highlights. 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. Source BofA Securities, Bloomberg: The Index was created on August 12, 2014. 2%. 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. Any other good growth and income annuities in the 5 to 8 year time range? 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. 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. This annuity is designed for delivering strong income and growth potential, plus liquidity. One of the things we really like is the Athene Agility 10 offers annual and two-year annual reset options: It has a participation rate and capped index crediting strategies as well as a fixed-interest option. Values shown are not guaranteed unless specifically stated otherwise. So, be sure to check back soon and regularly to see all of our new and updated annuity reviews. These charges are set up as follows: Athene Agility 10 Annuity Surrender Charge Schedule. Athene MaxRate. Financial professionals will be paid a commission on the sale of an annuity. Allianz 222 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. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. 3.25%. This, in turn, can also increase the value of the death benefit if you have chosen the death benefit rider. 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. Additional limitations, state variations, and exclusions may apply. Here's one way to help prepare for life's "what-ifs". By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. However, there are a few areas to keep in mind that could cost you, if youre not careful. 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. 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. We have made the necessary edits to the article. Multi-year guarantee annuity. 7%. The best annuity for you will be determined by your individual goals and objectives, but generally speaking, Allianz, Athene, and AIG are the best fixed index annuity companies. Your email address will not be published. Prior to starting income, your Benefit Base will increase by 175% of any Interest Credits that are added to your annuitys Accumulated Value. Athene has acknowledged this and made the corrections with the third-party subcontractor so that this would not be an issue going forward. This shows that the company . 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. Please update. 2.5%. So, if youre ready to begin this review, lets go ahead and dive in! 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. 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. Insurance companies also change their products and information often and without notice. 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. It may even have been your attendance at that event that has led you online, on a quest for more information. 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. Kiara Caudill California License: 4109080. Best, 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. Because of that, annuities that initially might seem exactly alike can actually give you vastly different results. 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. Allianz 222 Alternatives Comparison If so, just let us knowthe name (or names) of the annuity(ies) and our Annuity Gator annuity geeks will get on it. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. 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. Bail-OutIf Athene lowers the declared 1-Year Point-to-Point Index Strategy Cap Rate below the Bailout Cap Rate, youll have full access to your annuitys Accumulated Value-free of any charges for up to 30 days after the Contract Anniversary in which the Bailout Cap Rate was pierced. Rather than sending sensitive personal and financial details back and forth via email, though, it would be best to discuss via phone. Agility - Annuity Products |Athene 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. In order to read the companys press releases in full regarding this matter, go HEREand HERE. 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. We would be happy to help with any of the questions you have regarding the Athene Performance Elite Plus 7. I ran up against the Allianz 222 again and called a rep at a different company to get some clarification on a competing product. Save my name, email, and website in this browser for the next time I comment. But even so, the only way to really know if the Athene Agility 10 annuity is right for you is to have it tested. Save my name, email, and website in this browser for the next time I comment. This is an excellent annuity but it is really designed for income later. (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. 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. "Earn a 10-15% Bonus. Product features, limitations and availability vary; see the Certificates of Disclosure for details. 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. So, be sure to check back soon and regularly to see all of our new and updated annuity reviews. 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. 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. 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. The values show what would happen if the indexed allocations earn zero indexed interest and the fixed allocation earns the minimum guaranteed fixed rate in all years. This is where the fixed indexed annuity can come in. Kiara Caudill California License: 4109080. 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. Because of that, annuities that initially might seem exactly alike can actually give you vastly different results. In addition, your benefit base can continue to grow, even after you are turned on the income stream. The values show what would happen if the allocations earned interest using current rates in all years. . Required fields are marked *. It also offers a built-in death benefit rider at no additional charge. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. Athene is driven to deliver innovative fixed and fixed indexed annuities that help you win your market. 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 company also holds approximately approximately $2 billion in excess capital. MAY ONLY BE OFFERED BY A LICENSED INSURANCE AGENT. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. This, however, isnt really all that uncommon, as there are many different annuities, and there many different thoughts about them. It gives you accumulation potential now (with two ways to get a bonus), 1 plus options to customize your income later. 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. Please call (855) 583-1104 if you have any questions or concerns. Annuity Gator, For instance, with this product, your income could increase each year, depending on the index strategies that you chose.

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