American Equity IncomeShield 7 Annuity. Thank you for your answer! 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. You can selectively provide your consent below to allow such third party embeds. Save my name, email, and website in this browser for the next time I comment. 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. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. This annuity would not be a good fit if you planned to start the lifetime income before 10 years. PDF AnnuityAdvisors - Where advisors go for advice - Annuity Financial This annuity is designed for delivering strong income and growth potential, plus liquidity. Guarantees are subject to the claims-paying ability of the insurer. This is not an offer to buy or sell any security or interest. 3.75%. The Death Benefit Payout Period is currently set to five years and is guaranteed not to exceed ten years. Technically you could withdraw your free 10% each year but that would not be using this contract to its full advantage. The income payment from this annuity is guaranteed for the annuitants life. Your feedback is very important to us. In 2021, Athene Annuity & Life Company received an overall NAIC complaint index of 0.10, well below the 1.0 average. Athene Annuity Review | SmartAsset.com In addition, we also realize that the information about annuities can and often does change. Increases are locked in and cannot be lost, regardless of future index performance. However, that being said, this annuity could also fall somewhat short if you needed the income to start before 10 years. This waiver is available after your first Contract Anniversary. 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. So, if youre ready to begin this review, lets go ahead and dive in! However, even though this best of all worlds scenario initially seems very appealing, these benefits can also come at a cost. 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. allianz offers a free look period but it doesn't state how long it is online. Enhanced Death BenefitThe Benefit Base is paid out in equal payments over the currently declared Death Benefit Payout Period. His mission is to help change the way annuities are bought and sold. Additional limitations, state variations, and exclusions may apply. Retire in 11+ Years. The company also holds approximately approximately $2 billion in excess capital. F&G; MYGA markets aren't great right now, so we're suggesting advisors consider looking at 5 year FIA as alternatives. The Annuity Gator. Our primary mission here at Annuity Gator is to help you find the best annuities available, and to guide you towards the one (or ones) that fit your specific needs, and away from the ones that dont. It has a participation rate and capped index crediting strategies as well as a fixed-interest option. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. 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. If so, just let us know the name (or names) of the annuity(ies) and our Annuity Gator annuity geeks will get on it. 8 yr. 9 yr. 10 yr. 9% 9% 8% 7% 6% 5% 4% 3% 2% 1%, Your Benefit Base will continue to receive Interest Credits even while youre getting your retirement paycheck.. As of mid-2020, Athene held nearly $147 billion in total GAAP assets. 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 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. 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. Here's one way to help prepare for life's "what-ifs". You can also take a peek at the full Athene Agility annuity product guide HERE. In 2020, Athene scored a 0.34, and in 2019, a 0.51. We look forward to hearing from you. We make the complex, simple. To help you decide on the annuity thats perfect for you, SmartAssets experts have reviewed annuities from a wide range of providers. NO BANK/CREDIT UNION GUARANTEE. No-Fee Enhanced Benefits | The Annuity Expert 7%. It gives you accumulation potential now (with two ways to get a bonus), 1 plus options to customize your income later. 5Beneficiary can elect to receive a lump sum payment of the Accumulated Value or the Benefit Base paid out over a period not to exceed 10 years. However, even though this best of all worlds scenario initially seems very appealing, these benefits can also come at a cost. This 10 year fixed index annuity comes with many features built-in for free; however, as great as it is it isnt for everyone. Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. During the Income Phase, the Benefit Base will continue to grow 175% of the dollar amount credited to the Accumulated Value. 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. Best, 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, your benefit base can continue to grow, even after you are turned on the income stream. Wed need to get some additional information from you, though, in order to do so. AND, the income increases are locked in, so they can be lost, regardless of what happens in the market.. Below are the tables from an Athene Agility 10 Illustration placing a $50,000 initial premium into the: Fill out the form below to receive a free annuity quote within 4 business hours, or use one of our annuity calculators. 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. Prior to starting income, your Benefit Base will increase by 175% of any Interest Credits that are added to your annuitys Accumulated Value. So financially, Athene is strong and stable. This includes the good, the bad, and yes, even the ugly. 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. SIPS Maintenance - Oct 2022. The Allianz 222 is a 10-year fixed index annuity with a guaranteed lifetime withdrawal benefit rider (GLWB) included. All content is for educational purposes only. Athene Agility 10 Annuity. Which Annuity is Best? Index Annuity vs Variable Annuity vs None at All 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. If you want your income to start before that then there are better annuities to meet that goal. Your email address will not be published. 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. Over the past few years, Athene has received a number of customer complaints through the Better Business Bureau (BBB). (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. 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. (optional). 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 information presented here is not intended to be a recommendation to purchase a fixed annuity, fixed index annuity, immediate annuity, longevity annuity, Qualified Longevity Annuity Contract, long-term care annuity, or any other investment or insurance product. Annuity Gator, For instance, with this product, your income could increase each year, depending on the index strategies that you chose. Thats where having an Annuity Investigator who loves math comes in. 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. 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. See how Allianz 222 Annuity works | Allianz Life Her plan is to retire between the ages of 60 and 65. However, we will be in a better position to know that after getting some additional information from you. Danny Rosenberg - Independent Annuity Reviews 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. 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. These annuities allow customers to tie their assets to a market index available through Athene. 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. Athene Protector 5. 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. We would be happy to assist you to find similar annuities to Athene Agility 7. 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. 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. 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. 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. 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. Withdrawals are based upon the Accumulated Value of the last Contract Anniversary. The main reason for this is variable annuities do offer . Over time, there can be a significant difference between these two figures. Agility | Fixed Indexed Annuity | Athene In order to best support you, we would need some additional information from you. $10,000. And, if you have any additional questions, please contact us directly via phone, toll-free, at (888) 440-2468. AnnuityAdvisors - Where advisors go for advice - Annuity Financial 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. Hi Craig- Thank you for your message. 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. With that in mind, a financial advisor is likely to focus on this best of all worlds scenario when presenting this product to you. We have actually just recently updated our Allianz 222 annuity review, so please feel free to check back to our AnnuityGator.com website in order to check out the May 2017 information. Extensive Guide to Selling Annuities Heres how the annuity might look over a 30-year period. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. Please call (855) 583-1104 if you have any questions or concerns. In the Allianz 222 Annuity, if you selected monthly sum crediting, you would be credited with a gain of 2.26%. 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. 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. Confinement must begin after the first contract year. North American PrimePath 12. Just contact us and we will help you review what annuities would be better for income starting earlier. The Athene Agility 10 is a fixed index annuity with a 10-year contract term. The illustration is not valid without all 18 pages and the statement of understanding. You must wait at least 10 years to turn on the lifetime income rider. 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). In this annuity review, we will be discussing the following details on the Athene Agility 7-year fixed indexed annuity: Annuities can be complex. Because of that, annuities that initially might seem exactly alike can actually give you vastly different results. Please reach out to your financial professional if you have any questions about insurance products and their features. We look forward to hearing from you. This versatile product includes a built-in Income and Death Benefit rider at no additional charge. But even so, the only way to really know if this annuity is right for you is to have it tested. Nothing on this website is a recommendation to buy or sell an annuity. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. 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. 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. Withdrawals are not credited with index interest in the year they are taken. This is an excellent annuity but it is really designed for income later. Unbiased Allianz Benefit Control Annuity Review All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. 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. Products not available in all . 3%. Athene Agility 10 Review | My Annuity Store This, in turn, can also increase the value of the death benefit if you have chosen the death benefit rider. Please call (855) 583-1104 if you have any questions or concerns. Explore Allianz 222 Annuity | Allianz Life The Allianz 222 was allocated as follows: 25% S&P 500 Monthly Sum with 1.5% monthly cap. List all products in the following category: annuities that write 81-85. If the insured has any objections to any of the terms and conditions, s/he has the option to In order to read the companys press releases in full regarding this matter, go HEREand HERE. 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. Allianz 222 Fixed Index Annuity - The Annuity Expert This annuity would not be a good fit if you planned to start the lifetime income before 7 years. 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. We have heard many advisors say that you could take the free withdrawal from the Allianz 222 for years 8, 9, and 10. Independent Review of the Athene Agility 7-Year Fixed Indexed Annuity If you selected the annual point-to-point crediting option, you would receive 2.25. $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. This is where the fixed indexed annuity can come in. Annuity Review - Athene Agility - Fixed Index Annuity - YouTube Especially in light of the fact that the Allianz 222 is oftentimes directly compared to this Athene annuity. 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. Athene Agility 10 fixed index annuity is a retirement savings plan designed for safe growth, retirement income for life, inflation protection, and enhancing a death benefit. MLSB Index Performance (Back-Tested & Actual) January 13, 1985, to December 31, 2020. ATHENE - Agility 10 Annuity Gator, Your email address will not be published. It is not a recommendation to purchase or to sell an annuity. Athene is a leading retirement services company that is dedicated to helping individuals and institutions fund retirement needs. Source BofA Securities, Bloomberg: The Index was created on August 12, 2014. 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. 8%. So, it is important that you first discuss your needs with an annuity professional who can help you with sorting all of the intricate details. All Rights Reserved | Privacy Policy, Independent Review of the Sammons LiveWell 10 Year Fixed Index Annuity, Independent Review of the Athene Agility 10 Annuity Pros and Cons Explained | Updated April 2020, We use cookies to enhance your experience while using our website. 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. Insurance products may not be available in all states. The FIA products also allow you to get income for life, so you can alleviate any worry about running out of income in retirement. If this is your first visit to our website, we would like to formally welcome you to Annuity Gator. The contract features described may not be current and may not apply in the state in which you reside. When income is needed, the Agility shines in this area, too, as income payments may increase, based on the performance of the underlying index. Please feel free to reach out to us directly, toll-free, at (888) 440-2468. 5%. Required fields are marked *. We have heard many advisors say that you could take the free withdrawal from the Allianz 222 for years 8, 9, and 10. 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. This can be beneficial in helping to keep incoming cash flow at, or even ahead of, the rate of future inflation. 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. Products not available in all states. 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. Athene Agility 10 Annuity: A Trusted, Objective Review in 2020 5%. If this is the case, there are better alternative annuities. 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. The account value is real money and what you could withdraw as a lump sum at the end of the . We would be happy to help with any of the questions you have regarding the Athene Performance Elite Plus 7. However, there are a few areas to keep in mind that could cost you, if youre not careful. Products not available in all states. Athene: Agility 10, Ascend Pro 10, & Performance Elite; Lincoln: OptiBlend Series; Global Atlantic: Choice Accumulation; SPIA. We make up a team of annuity professionals who have a primary focus on offering comprehensive yet non-biased annuity reviews online. This insurer is rated as the number two carrier in fixed indexed annuity sales, and has been consistently for the past three years. Product features, limitations and availability vary; see the Certificates of Disclosure for details. 1Lifetime Income Withdrawals may be reduced or may stop if you take Excess Withdrawals from your contract. We also use content and scripts from third parties that may use tracking technologies. 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. One of the things we really like is the Athene Agility 10 offers annual and two-year annual reset options: #1. Meaning you want your lifetime income to start at least 7 years or more down the road. Just contact us and we will help you review what annuities would be better for income starting earlier. Best, 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. Jason has been a student of annuities since the age of 21 when was an intern for New York Life Insurance Company. To check out the Annuity Gators updated review of the Allianz 222 annuity go HERE. 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. MAY ONLY BE OFFERED BY A LICENSED INSURANCE AGENT. 25% PIMCO Tactical Balance Index with 3.1% annual spread. Book a FREE consultation. Values shown are not guaranteed unless specifically stated otherwise. 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. Allianz Endurance Plus (No Longer For Sale) American Equity IncomeShield 10 Annuity. Athene has acknowledged this and made the corrections with the third-party subcontractor so that this would not be an issue going forward. P.S If you would like to read more of our Athene annuity reviews here are some links to check out: Thank you. Over time, the returns will average out to be in the 2-4% range. It may even have been your attendance at that event that has led you online, on a quest for more information. Sometimes it can really help to see first hand how a financial product has been or has not been working out for other investors. 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. Fixed indexed annuity. . SIPS Maintenance Log - Structured Income Planning System (SIPS) 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.