In order to read the companys press releases in full regarding this matter, go HEREand HERE. You may not be diagnosed during the first Contract Year. Athene has acknowledged this and made the corrections with the third-party subcontractor so that this would not be an issue going forward. Not available in all states. I appreciate the annuity review for the Athene Agility 7 FIA. 3%. For complete information about the cookies we use, data we collect and how we process them, please check our. Additional limitations, state variations, and exclusions may apply. 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. 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. You can't anticipate every challenge you might face in retirement. This annuity is designed for delivering strong income and growth potential, plus liquidity. We have made the necessary changes. When doing your annuity research, you may have run across some of the other websites out there that discuss annuities but are more interested in simply obtaining your contact information so that they can bombard you with a deluge of emails and marketing materials. Thank you for your answer! The FIA products also allow you to get income for life, so you can alleviate any worry about running out of income in retirement. 8%. 2Fixed indexed annuities are not stock market investments and do not directly participate in any stock or equity investments. 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. Annuity Gator, For instance, with this product, your income could increase each year, depending on the index strategies that you chose. 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. We repeat the index performance from this 10-year period afterward. Allianz: 222 and 360; . Technically you could withdraw your free 10% each year but that would not be using this contract to its full advantage. It is important that note that Allianz can change your caps at any time. Contact your back office or the Athene Sales Desk for product availability. This, in turn, can also increase the value of the death benefit if you have chosen the death benefit rider. We realize that this annuity review ran a tad bit on the long side, however, we feel that providing you with too much information is far better than not giving you enough. 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. (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. Our main mission here at Annuity Gator is to help you locate the best annuities available, and to guide you towards the one (or ones) that fit your specific needs and away from the ones that dont. 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. This is where the Annuity Gator comes in! Please limit your response to 150 characters or less. Actual values may be higher or lower than the values shown. 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. Products not available in all . Because of that, annuities that initially might seem exactly alike can actually give you vastly different results. The FIA products also allow you to get income for life, so you can alleviate any worry about running out of income in retirement. Source BofA Securities, Bloomberg: The Index was created on August 12, 2014. 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. It may even have been your attendance at that event that has led you online, on a quest for more information. Your email address will not be published. Product features, limitations and availability vary; see the Certificates of Disclosure for details. Best, My Annuity Store, Inc. is a licensed fixed annuity producer and does not advise clientson the purchase of non-fixed annuity products. Enhanced Income Benefit Availability and QualificationTo qualify for the Enhanced Income Benefit, the person for whom Lifetime Income Withdrawals are based must be confined to Qualified Care Facility for 180 out of the last 250 days. 6%. Values shown are not guaranteed unless specifically stated otherwise. 3.75%. So, before you move forward with the purchase of the Athene Agility fixed indexed annuity (or for that matter, any annuity), you need to be sure that you check out all of the details as, once you have purchased an annuity, it could be quite an ordeal to get yourself out of it. Allianz 222 - ALLIANZ222V2 Allianz 360 - ALLIANZ360V2 Allianz 365i - ALLIANZ365iV2 Allianz Benefit Control Product Training: ABCANNUITY . Depending on your situation and goals, it could still be the right choice for you. 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. Wed need to get some additional information from you, though, in order to do so. Besides Athene Agility 10, Any annuity that you purchase should ideally be matched with your specific situation, in terms of risk tolerance and time frame, as well as when you want your income to start. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. Please feel free to contact us directly, toll-free, at (888) 440-2468 to chat with one of our annuity specialists or visithttps://annuitygator.com/contact/ Best. 25% Nasdaq 100 Annual Point to Point with 3.25% annual cap. 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. To check out more of the in-depth details about this annuity directly from the companys product guide, you can go HERE. 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. His mission is to help change the way annuities are bought and sold. 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. Just contact us and we will help you review what annuities would be better for income starting earlier. Should that read, .the income increases are locked in, so that CANT be lost? Please update. With all of the media hype today which includes countless numbers of financial gurus telling you what to do online, on TV, and anywhere else you can get a satellite signal it can be difficult at best to cut through all of the clutter. So, if youre ready to begin this review, lets go ahead and dive in! This can be beneficial in helping to keep incoming cash flow at, or even ahead of, the rate of future inflation. 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. 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. The company also holds approximately approximately $2 billion in excess capital. 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. Just check with us. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. Interest Only. 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. If you want your income to start before that then there are better annuities to meet that goal. 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. The institutional channel includes reinsurance and group annuity contracts related to pension group annuities. It also offers a built-in death benefit rider at no additional charge. We also use content and scripts from third parties that may use tracking technologies. However, there are a few areas to keep in mind that could cost you, if youre not careful. This in no way affects the quality, stability, or the strength of the Athene annuity products. Not all reinsurance products or structures offered are available in all jurisdictions. 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. We would be happy to help with any of the questions you have regarding the Athene Performance Elite Plus 7. Best, 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. 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. But even so, the only way to really know if this annuity is right for you is to have it tested. 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. 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). This is an excellent annuity but it is really designed for income later. 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. The highest minimum guaranteed return. 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. 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. Please see the Certificate of Disclosure for moreinformation. The more specific and detailed you are, the more likely well be able to help . Products not available in all . The Allianz Benefit Control Annuity gives the policyholder the ability to begin income on any monthly contract anniversary after age 50, with no minimum waiting period, according to Allianz Life. Prior to starting income, your Benefit Base will increase by 175% of any Interest Credits that are added to your annuitys Accumulated Value. 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. 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. 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. 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. 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 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. The values show what would happen if the allocations earned interest using current rates in all years. Just contact us and we will help you review what annuities would be better for income starting earlier. Enhanced Death Benefit capped at 125% Cash Surrender Value or 250% net premium in AK, HI, NJ, PA, and WA. 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. If so, just let us knowthe name (or names) of the annuity(ies) and our Annuity Gator annuity geeks will get on it. 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. This holds true (somewhat) with the Athene Agility 7 fixed indexed annuity. If Excess Withdrawals, Withdrawal Charges or Market Value Adjustments (MVAs) reduce the contracts Accumulated Value to zero, your Lifetime Income Withdrawal Payments willstopand the rider will terminate.