These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. In addition, your benefit base can continue to grow, even after you are turned on the income stream. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. With timely insights, in-depth product information and client-approved materials, our business-building toolkits are designed to help you and your clients do more. 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. 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. 10%, Agility 10 Allianz 222 (222) Inital Premium10%,, Account ValueInitial Premium,Agility 10. . You could receive 15% one year and 0% for 2 other years. 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. 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. This can be beneficial in helping to keep incoming cash flow at, or even ahead of, the rate of future inflation. 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. Allianz Benefit Control Annuity. To help you decide on the annuity thats perfect for you, SmartAssets experts have reviewed annuities from a wide range of providers. Allianz See all Allianz Annuities. You can selectively provide your consent below to allow such third party embeds. 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. The Death Benefit Payout Period is currently set to five years and is guaranteed not to exceed ten years. Book a FREE consultation. 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. For complete information about the cookies we use, data we collect and how we process them, please check our. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. First, the Athene Agility guarantees a higher amount of lifetime income if we had an extended time of poor performance in the market indexes. 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. Not available in all states. Annuities are a popular tool for retirement planning, offering the opportunity for tax-deferred investing gains and guaranteed income streams. The Allianz 222 was allocated as follows: 25% S&P 500 Monthly Sum with 1.5% monthly cap. Below we will look at the historical rates of return for Agility 10; remember, hypothetical illustrations are not guaranteed. He believes a lack of access to educational materials and annuity products has hindered the widespread adoption of these strategies in the United States. We talked about a lot of differences between the two contracts but one thing he said is something I had never realized . Withdrawals are based upon the Accumulated Value of the last Contract Anniversary. 25%Bloomberg US Dynamic Balance Index II with 3.2% annual spread. (optional). During the Income Phase, the Benefit Base will continue to grow 175% of the dollar amount credited to the Accumulated Value. Over time, there can be a significant difference between these two figures. That is a big difference, the Allianz 222 income is to be turned on after 10 years. Enhanced Death Benefit capped at 125% Cash Surrender Value or 250% net premium in AK, HI, NJ, PA, and WA. an interest bonus resulting in a credit of 150% of any interest you earn from your chosen allocations. 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. That's why Allianz 222 annuity gives you the flexibility to address life's "what ifs.". 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. 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. But the annuity market can be difficult to understand: There is a wide range of annuity products, each offering its own set of terms, fees, and paperwork. Meaning you want your lifetime income to start at least 7 years or more down the road. All content is for educational purposes only. This annuity review will give you a good running start. None. 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. Oct17: Updated Allianz 360 Payout Table (Opt1-Level & Opt2-Increasing) Oct14: Corrected Allianz 360 Interest Bonus (Opt1-Level & Opt2-Increasing) Oct6: Updated Allianz 222 Income Rider to a 30% bonus Oct4: Updated the Athene AscentPro (Option1 / Level) Payout Table. . 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. 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. Please feel free to reach out to us directly, toll-free, at (888) 440-2468. Annuity and Insurance Agency 1050 Crown Pointe Parkway Atlanta, GA 30338. Athene has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. 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. Thank you for pointing that out. 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. Athene USA services customers in all 50 of the United States. Hi Craig- Thank you for your message. 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. MAY LOSE VALUE. 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. 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. 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 Lifetime Income Withdrawal amount will be doubled if qualifications are met, and the Accumulated Value is greater than zero. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. 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. 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. In addition, we also realize that the information about annuities can and often does change. You can also take a peek at the full Athene Agility annuity product guide HERE. This annuity would not be a good fit if you planned to start the lifetime income before 10 years. Products not available in all . Or alternatively, you can contact us by going to https://annuitygator.com/contact/ and letting us know what time works best for you. The guaranteed lifetime income for both the Athene Agility and the Allianz 222 . ATHENE - Agility 10 . 6%. NO BANK/CREDIT UNION GUARANTEE. Financial professionals will be paid a commission on the sale of an annuity. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. ALLIANZ 222/ABC GLOBAL ATLANTIC CHOICE ACCUM. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. The income payment from this annuity is guaranteed for the annuitants life. All Rights Reserved | Privacy Policy, Please be as specific as possible. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. The values show what would happen if the stated index earned indexed interest using current rates for the periods indicated. Premium Bonus. 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 order to best support you, we would need some additional information from you. Kiara Caudill California License: 4109080. Her goal. There are spreads, caps or participation rates that limit how much of the return you receive. Jason has been a student of annuities since the age of 21 when was an intern for New York Life Insurance Company. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. Just contact us and we will help you review what annuities would be better for income starting earlier. 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. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. The Athene Agility 10 is a fixed index annuity with a 10-year contract term. The cap and participation rates are lower than they are on Athenes other annuity products. ANNUITIES ARE PRODUCTS OF THE INSURANCE INDUSTRY AND NOT GUARANTEED BY ANY BANK NOR INSURED BY FDIC OR NCUA/NCUSIF. You may not be diagnosed during the first Contract Year. In order to read the companys press releases in full regarding this matter, go HEREand HERE. If you plan to turn this portion of your portfolio into a lifetime income stream, Agility 10 is quite possibly the best option available (Allianz 222 also gets consideration). 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. Athene MaxRate. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. You can selectively provide your consent below to allow such third party embeds. 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. 7%. Please reach out to your financial professional if you have any questions about insurance products and their features. Hi Robert Thank you for your message. We would be happy to assist you to find similar annuities to Athene Agility 7. 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. For financial professional use only. Annuity; Retirement; Videos 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. 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. The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. Athene passes this test with strong financial ratings and comes in #1 in overall index annuity sales in 2020. Contact your back office or the Athene Sales Desk for product availability. The Allianz 222 is a 10-year fixed index annuity with a guaranteed lifetime withdrawal benefit rider (GLWB) included. Guarantees are subject to the claims-paying ability of the insurer. Annuities are distributed by My Annuity Store, Inc. The FIA products also allow you to get income for life, so you can alleviate any worry about running out of income in retirement. 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.. Kiara Caudill California License: 4109080. This is an independent Athene Agility 10 review, not a recommendation or solicitation to buy or sell an annuity. The values show what would happen if the allocations earned interest using current rates in all years. This field is for validation purposes and should be left unchanged. Heres how the annuity might look over a 30-year period. Thats where having an Annuity Investigator who loves math comes in. 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. The Agility 10 is not a great annuity if your objective is safe accumulation. It gives you accumulation potential now (with two ways to get a bonus), 1 plus options to customize your income later. For complete information about the cookies we use, data we collect and how we process them, please check our. In addition, we also realize that the information about annuities can and often does change. When considering the Athene Agility 7-Year Fixed Indexed 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. The Athene Agility 7 FIA I believe offers a 20% bonus not a 25% as your article states. Allianz 222 Review: Product Highlights. This material is provided by Athene Annuity and Life Company headquartered in West Des Moines, Iowa, which issues annuities in 49 states and D.C., and Athene Annuity & Life Assurance Company of New York headquartered in Pearl River, New York, which issues annuities only in New York. I did notice a possible error. 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. The institutional channel includes reinsurance and group annuity contracts related to pension group annuities. 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. However, there are a few areas to keep in mind that could cost you, if youre not careful. 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. Annuity Gator, Your email address will not be published. If this is the case there are better alternative annuities, just check with us. For a direct comparison of the Allianz 222 annuity versus the Athene Agility 10 annuity, go HERE. 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. 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. Values shown are not guaranteed unless specifically stated 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. It is not a recommendation to purchase or to sell an annuity. Athene: Agility 10, Ascend Pro 10, & Performance Elite; Lincoln: OptiBlend Series; Global Atlantic: Choice Accumulation; SPIA. Training is required prior to selling any Athene annuity. Benefit Base cannot be taken in a lump sum. North American; Nationwide; Global Atlantic; MYGA. American Equity IncomeShield 7 Annuity. 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). 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. 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. 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. 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. 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. Help clients open doors to retirement possibilities. However, even though this best of all worlds scenario initially seems very appealing, these benefits can also come at a cost. 1; 2; . Ill wrap up my Athene Agility 10 review with some final thoughts. 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. Retire in 11+ Years. 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. 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. On each Anniversary, the Benefit Base will be credited 175% of the dollar amount credited to the Accumulated Value. Best. Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. What are other similar annuities to this one? 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. Save my name, email, and website in this browser for the next time I comment. Annuity Gator. All investing involves risk, including loss of principal. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Annuity Gator, For instance, with this product, your income could increase each year, depending on the index strategies that you chose. 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. Retire in 10 Years. Withdrawals are not credited with index interest in the year they are taken. We have made the necessary edits to the article. 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? 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. Your email address will not be published. Rates and annuity payout rates are subject to change. (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. Increases are locked in and cannot be lost, regardless of future index performance. 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.. List all products in the following category: annuities that write 81-85. Athene has acknowledged this and made the corrections with the third-party subcontractor so that this would not be an issue going forward. It may even have been your attendance at that event that has led you online, on a quest for more information. We make the complex, simple. If you selected the annual point-to-point crediting option, you would receive 2.25. We can assist you with that by running it through our annuity calculator, using your particular financial figures. Annuities As an extra added bonus, FIAs can also provide you with the ability to receive a guaranteed income for the remainder of your life (as well as that of a spouse or partner, if applicable) regardless of how long that income may be needed. 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.
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