athene agility 10 vs allianz 222

Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). These annuities allow customers to tie their assets to a market index available through Athene. 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. 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. However, we feel that providing you with too much information is far better than not giving you enough. If youve been reviewing annuities on the Internet, it is possible that you have come across some highly conflicting information about these products. 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. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. 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? Download: Athene Agility 10 Rates & Product Guide. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. 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. 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. The Benefit Base is equal to the Initial Premium, plus the Benefit Base bonus amount. You can find these reviews in our massive online annuity review database that is located on our website. If this is your first visit to our website, we would like to formally welcome you to Annuity Gator. . If this is the case, there are better alternative annuities. Athene Ascent SM Pro 10 It may even have been your attendance at that event that has led you online, on a quest for more information. Over time, there can be a significant difference between these two figures. The more specific and detailed you are, the more likely well be able to help . 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. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. We can assist you with that by running it through our annuity calculator, using your particular financial figures. Especially in light of the fact that the Allianz 222 is oftentimes directly compared to this Athene annuity. 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. Products not available in all states. 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.. Source BofA Securities, Bloomberg: The Index was created on August 12, 2014. 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. Your email address will not be published. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. 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. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. (And, unlike many fixed indexed annuities, the income rider on the Athene Agility 7 is added at no extra charge). This, however, isnt really all that uncommon, as there are many different annuities, and there many different thoughts about them. Over the past few years, Athene has received a number of customer complaints through the Better Business Bureau (BBB). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. You can selectively provide your consent below to allow such third party embeds. 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. 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. North American PrimePath 12. 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. Annuities are distributed by My Annuity Store, Inc. The S&P 500 without dividends was up 13.4%. During the Income Phase, the Benefit Base will continue to grow 175% of the dollar amount credited to the Accumulated Value. 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/ This is an excellent annuity but it is really designed for income later. Kiara Caudill California License: 4109080. Athene describes the Agility 7 annuityas a fixed indexed annuity for income with agility.. Average Retirement Savings: How Do You Compare? Thank you for your answer! Annual Withdrawals. We also use content and scripts from third parties that may use tracking technologies. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. Athene Ascent Pro 10. 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. This means there are two separate values; an account value and a protected income value. We repeat the index performance from this 10-year period afterward. 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. This is where the fixed indexed annuity can come in. 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. 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. Athene Annuity and Life Company have not endorsed this product review in any fashion and we dont receive any compensation from it. The Annuity Gator. It is not a recommendation to purchase or to sell an annuity. (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. 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. 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. While you're saving for retirement, Allianz 222 Annuity can help by giving you two ways to get a bonus to your Protected Income Value: a 35% bonus on any premium you put into your annuity in the first 18 months, and. As of mid-2020, Athene held nearly $147 billion in total GAAP assets. Please feel free to reach out to us directly, toll-free, at (888) 440-2468. If this is something that would be of interest to you, then please contact us. Save my name, email, and website in this browser for the next time I comment. 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. 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. If so, just let us knowthe name (or names) of the annuity(ies) and our Annuity Gator annuity geeks will get on it. The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. 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. Annuities are a popular tool for retirement planning, offering the opportunity for tax-deferred investing gains and guaranteed income streams. The companys investment portfolio is well-diversified with 94% of its fixed maturity securities rated 1 or 2 the highest categories by the NAICs Securities Valuation Office. However, even though this best of all worlds scenario initially seems very appealing, these benefits can also come at a cost. 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. 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. Allianz Benefit Control Annuity. 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. We have made the necessary edits to the article. Depending on your situation and goals, it could still be the right choice for you. Please feel free to contact us directly, toll-free, at (888) 440-2468 to chat with one of our annuity specialists or visit https://annuitygator.com/contact/ One of the things we really like is the Athene Agility 10 offers annual and two-year annual reset options: #1. MLSB Index Performance (Back-Tested & Actual) January 13, 1985, to December 31, 2020. 5%. My Annuity Store, Inc. is a licensed fixed annuity producer and does not advise clientson the purchase of non-fixed annuity products. 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. 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. NOT A DEPOSIT. This holds true (somewhat) with the Athene Agility 7 fixed indexed annuity. The Athene Agility 7 FIA I believe offers a 20% bonus not a 25% as your article states. Athenes website describes the Agility annuity as one that can help you open the doors to retirement possibilities. Best. It may even have been your attendance at that event that has led you online, on a quest for more information. 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. Heres how the annuity might look over a 30-year period. 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. 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. Because of that, annuities that initially might seem exactly alike can actually give you vastly different results. And, if you have any additional questions, please contact us directly via phone, toll-free, at (888) 440-2468. 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. We appreciate your clarification on this specific annuitys initial bonus boost. This insurer is rated as the number two carrier in fixed indexed annuity sales, and has been consistently for the past three years. Especially in light of the fact that the Allianz 222 is oftentimes directly compared to this Athene annuity. We create opportunitiesfor your clients and for you with competitive annuity solutions for accumulation, income, protection and legacy. 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. 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. 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. Required fields are marked *. Meaning you want your lifetime income to start at least 7 years or more down the road. We make the complex, simple. 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. Reinsurance products are not protected or guaranteed by state insurance guaranty associations or insolvency funds. Athene MaxRate. 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. So, be sure to check back soon and regularly to see all of our new and updated annuity reviews. The information presented here is not a representation regarding the suitability of any concept or product(s) for an individual and is not intended to be tax or legal advice. 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. Prior to starting income, your Benefit Base will increase by 175% of any Interest Credits that are added to your annuitys Accumulated Value. Product features, limitations and availability vary; see the Certificates of Disclosure for details. Should that read, .the income increases are locked in, so that CANT be lost? 1Lifetime Income Withdrawals may be reduced or may stop if you take Excess Withdrawals from your contract. 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. In addition, your benefit base can continue to grow, even after you are turned on the income stream. Therefore, it is really important that you first discuss your needs with an annuity professional who can help you with sorting all of the intricate details. 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. Below we will look at the historical rates of return for Agility 10; remember, hypothetical illustrations are not guaranteed. Interest Only. F&G Retirement Pro Annuity. It was very informative. American Equity IncomeShield 7 Annuity. I ran up against the Allianz 222 again and called a rep at a different company to get some clarification on a competing product. 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. Best. 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. You could receive 15% one year and 0% for 2 other years. The Athene Agility 10 is a fixed index annuity with a 10-year contract term. This is primarily because fixed indexed annuities provide the opportunity to receive positive growth when an underlying market index is being tracked and performs well, while also protecting your principal if the underlying index performs poorly during a given period of time. The values show what would happen if the stated index earned indexed interest using current rates for the periods indicated. You must wait at least 10 years to turn on the lifetime income rider. Insurance companies often issue contracts that are state-specific. Insurance products may not be available in all states. You can also take a peek at the full Athene Agility annuity product guide HERE. That is a big difference, the Allianz 222 income is to be turned on after 10 years. Jason Caudill is President of My Annuity Store, Inc. and has distributed more than $1.5 Billion of annuities during his career. 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. Hi Axel, 25% PIMCO Tactical Balance Index with 3.1% annual spread. Athene Protector 5. Nothing on this website is a recommendation to buy or sell an annuity. This field is for validation purposes and should be left unchanged. This is not an offer to buy or sell any security or interest. First, the Athene Agility guarantees a higher amount of lifetime income if we had an extended time of poor performance in the market indexes. In addition to possible surrender charges, there can also be some other fees involved if you own the Athene Agility fixed indexed annuity. NO BANK/CREDIT UNION GUARANTEE. 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. We make up a team of annuity professionals who have a primary focus on offering comprehensive yet non-biased annuity reviews online. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. In this case, for instance, there is no added cost for the income rider. Her plan is to retire between the ages of 60 and 65. In 2021, Athene Annuity & Life Company received an overall NAIC complaint index of 0.10, well below the 1.0 average. We investigate and compare annuities, and in turn, provide our website visitors with the in-depth information that they may not receive from their insurance or financial advisor.

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