The values show what would happen if the allocations earned interest using current rates in all years. Athene Agility is designed to deliver strong income and growth potential plus liquidity. On each Anniversary, the Benefit Base will be credited 175% of the dollar amount credited to the Accumulated Value. All content is for educational purposes only. Withdrawals are not credited with index interest in the year they are taken. We have heard many advisors say that you could take the free withdrawal from the Allianz 222 for years 8, 9, and 10. Nothing on this website is a recommendation to buy or sell an annuity. 2.5%. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. Additional information. 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. 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. Also, as with most other annuities, if more than 10% of the contracts value is withdrawn during the surrender charge period, a withdrawal charge penalty will be incurred. $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. Annuity Gator, We are looking for a place to park $400k for 7-10 years. Annuity Gator, For instance, with this product, your income could increase each year, depending on the index strategies that you chose. 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. Comprehensive Allianz 222 Review My Annuity Store, Inc. 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. When evaluating an annuity it is always important to consider the insurersfinancial strength because an annuitys guarantees are backed by the claims-paying ability of the issuing insurance company. Agility - Annuity Products |Athene Are there any other annuities that you would like to know more about? The Benefit Base is equal to the Initial Premium, plus the Benefit Base bonus amount. . In this case, for instance, there is no added cost for the income rider. The illustration is not valid without all 18 pages and the statement of understanding. It is not a recommendation to purchase or to sell an annuity. (And, unlike many fixed indexed annuities, the income rider on the Athene Agility 7 is added at no extra charge). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. Wed need to get some additional information from you, though, in order to do so. Retire in 10 Years. Because of that, annuities that initially might seem exactly alike can actually give you vastly different results. Required fields are marked *. We would be happy to assist you to find similar annuities to Athene Agility 7. Allianz 222 Fixed Index Annuity Request Info. 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. 9%. 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. 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. 3%. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. 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. 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. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. An impartial review of the Allianz 222 Annuity - updated August 2021 This is an independent annuity product review. 10 Best Fixed Index Annuity Companies | May, 2023 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. 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. Annuities That Offer Income Riders Without a Fee (2023) This means there are two separate values; an account value and a protected income value. 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. 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. First, the Athene Agility guarantees a higher amount of lifetime income if we had an extended time of poor performance in the market indexes. Allianz See all Allianz Annuities. Your email address will not be published. We have made the necessary edits to the article. 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. In order to best support you, we would need some additional information from you. SIPS Maintenance - Oct 2022. Heres how the annuity might look over a 30-year period. This is where the fixed indexed annuity can come in. We make the complex, simple. This is where the Annuity Gator comes in! He believes a lack of access to educational materials and annuity products has hindered the widespread adoption of these strategies in the United States. 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. Thats where having an Annuity Investigator who loves math comes in. Kiara Caudill California License: 4109080. Sometimes it can really help to see first hand how a financial product has been or has not been working out for other investors. 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. 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. Products not available in all states. Rather than sending the info back and forth via email, it would be best to discuss by phone. Products not available in all . Technically you could withdraw your free 10% each year but that would not be using this contract to its full advantage. Best, You can't anticipate every challenge you might face in retirement. This shows that the company . Athene is a leading retirement services company that is dedicated to helping individuals and institutions fund retirement needs. We also use content and scripts from third parties that may use tracking technologies. Athene USA services customers in all 50 of the United States. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. To check out more of the in-depth details about this annuity directly from the companys product guide, you can go HERE. So financially, Athene is strong and stable. Annuity and Insurance Agency 1050 Crown Pointe Parkway Atlanta, GA 30338. ATHENE - Agility 10 . This annuity review will give you a good start on that. Insurance products may not be available in all states. Her plan is to retire between the ages of 60 and 65. 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 complete information about the cookies we use, data we collect and how we process them, please check our. To check out the Annuity Gators updated review of the Allianz 222 annuity go HERE. Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. Index annuities are fixed annuities and generate fixed income type of returns. 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. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. MAY LOSE VALUE. Hidden Fees in the Allianz 222 This is where the Annuity Gator comes in. 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. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Reinsurers may not be licensed in all states. The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. Annuity Marketplace . Over time, there can be a significant difference between these two figures. 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. MLSB Index Performance (Back-Tested & Actual) January 13, 1985, to December 31, 2020. Contact your back office or the Athene Sales Desk for product availability. Over time, there can be a significant difference between these two figures. Enhanced Death BenefitThe Benefit Base is paid out in equal payments over the currently declared Death Benefit Payout Period. In this case, for instance, there is no added cost for the income rider. 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. We are a team of annuity professionals who have a key focus on offering comprehensive yet non-biased annuity reviews online. The FIA products also allow you to get income for life, so you can alleviate any worry about running out of income in retirement. Athene Agility 7, 10 RegEd Code: Agility710_2018 Athene Ascent Pro 7 RegEd Code: PRO7_2017 Athene Ascent Pro 7, 10 RegEd Code: PRO710_2017 The income payment from this annuity is guaranteed for the annuitants life. Athenes website describes the Agility annuity as one that can help you open the doors to retirement possibilities. Meaning you want your lifetime income to start at least 10 years or more down the road. Especially in light of the fact that the Allianz 222 is oftentimes directly compared to this Athene annuity. Best, Average Retirement Savings: How Do You Compare? The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. This product is designed to deliver strong income and growth potential, along with liquidity. Product features, limitations and availability vary; see the Certificates of Disclosure for details. Just contact us and we will help you review what annuities would be better for income starting earlier. Allianz 222 Fixed Index Annuity Request Info. 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. The main reason for this is variable annuities do offer . Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. This, in turn, can also increase the value of the death benefit if you have chosen the death benefit rider. All Rights Reserved | Privacy Policy, Please be as specific as possible. We create opportunitiesfor your clients and for you with competitive annuity solutions for accumulation, income, protection and legacy. Technically you could withdraw your free 10% each year but that would not be using this contract to its full advantage. 3.75%. This holds true (somewhat) with the Athene Agility 7 fixed indexed annuity. Annualized Credited Rate does not reflect anyrider or contract charges. We talked about a lot of differences between the two contracts but one thing he said is something I had never realized . 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. 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. https://annuityassociation.comathene agility - athe. It is important that note that Allianz can change your caps at any time. It gives you accumulation potential now (with two ways to get a bonus), 1 plus options to customize your income later. If you want your income to start before that then there are better annuities to meet that goal. Annuities are a popular tool for retirement planning, offering the opportunity for tax-deferred investing gains and guaranteed income streams. This annuity would not be a good fit if you planned to start the lifetime income before 10 years. We would be happy to help with any of the questions you have regarding the Athene Performance Elite Plus 7. 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. 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. 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. 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. However, we feel that providing you with too much information is far better than not giving you enough. Over the past few years, Athene has received a number of customer complaints through the Better Business Bureau (BBB). The S&P 500 without dividends was up 13.4%. 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. 2%. 7%. 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. We appreciate your clarification on this specific annuitys initial bonus boost. 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. In addition, we also realize that the information about annuities can and often does change. Athene Life Insurance Review - Investopedia
athene agility 10 vs allianz 222