You must wait at least 10 years to turn on the lifetime income rider. Increases are locked in and cannot be lost, regardless of future index performance. Especially in light of the fact that the Allianz 222 is oftentimes directly compared to this Athene annuity. 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. 10 Best Fixed Index Annuity Companies | May, 2023 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. Below we will look at the historical rates of return for Agility 10; remember, hypothetical illustrations are not guaranteed. 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/ In order to read the companys press releases in full regarding this matter, go HEREand HERE. 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. Once you start receiving your retirement paycheck, your Benefit Base will continue to grow by 175% of any interest credits you earn. Best, Extensive Guide to Selling Annuities Meaning you want your lifetime income to start at least 7 years or more down the road. What would be a better fit if need income before? Best, This is best done via phone (as versus sending sensitive information back and forth via email). 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. 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. This is where the Annuity Gator comes in. Just contact us and we will help you review what annuities would be better for income starting earlier. 1Lifetime Income Withdrawals may be reduced or may stop if you take Excess Withdrawals from your contract. What are other similar annuities to this one? Her goal. This is where the fixed indexed annuity can come in. Athene has acknowledged this and made the corrections with the third-party subcontractor so that this would not be an issue going forward. Over time, there can be a significant difference between these two figures. When income is needed, the Agility shines in this area, too, as income payments may increase, based on the performance of the underlying index. Your email address will not be published. What is the most important reason for that score? 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. Best! The more specific and detailed you are, the more likely well be able to help . 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. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. It also includes a built-in income and death benefit rider at no additional charge. So, if youre ready to begin this review, lets go ahead and dive in! My Annuity Store, Inc. is a licensed fixed annuity producer and does not advise clientson the purchase of non-fixed annuity products. My financial dude has brought me Athene Performance Elite Plus 7. Best, SIPS Maintenance Log - Structured Income Planning System (SIPS) 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. Products not available in all states. Athene Annuity and Life Company have not endorsed this product review in any fashion and we dont receive any compensation from it. 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. 2.5%. The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. It is not a recommendation to purchase or to sell an annuity. 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. Best. I ran up against the Allianz 222 again and called a rep at a different company to get some clarification on a competing product. 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. To help you decide on the annuity thats perfect for you, SmartAssets experts have reviewed annuities from a wide range of providers. This is where the fixed indexed annuity can come in. However, that being said, this annuity could also fall somewhat short if you needed the income to start before 7 years. For complete information about the cookies we use, data we collect and how we process them, please check our. This is an independent annuity product review. 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. Especially in light of the fact that the Allianz 222 is oftentimes directly compared to this Athene annuity. If you want your income to start before that then there are better annuities to meet that goal. It may even have been your attendance at that event that has led you online, on a quest for more information. If you selected the annual point-to-point crediting option, you would receive 2.25. The S&P 500 without dividends was up 13.4%. It gives you accumulation potential now (with two ways to get a bonus), 1 plus options to customize your income later. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. Athene: Agility 10, Ascend Pro 10, & Performance Elite; Lincoln: OptiBlend Series; Global Atlantic: Choice Accumulation; SPIA. Save my name, email, and website in this browser for the next time I comment. For example, 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. Financial professionals will be paid a commission on the sale of an annuity. An impartial review of the Allianz 222 Annuity - updated August 2021 AnnuityAdvisors - Where advisors go for advice - Annuity Financial (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. In order to read the companys press releases in full regarding this matter, go HEREand HERE. Athene. 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. Additional limitations, state variations, and exclusions may apply. If you are considering this annuity for yourself, we would be happy to help you understand this product better and get into all of its details. 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. Thats where having an Annuity Investigator who loves math comes in. Product features, limitations and availability vary; see the Certificates of Disclosure for details. Athene Life Insurance Review - Investopedia The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. 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. . Hi Axel, This holds true (somewhat) with the Athene Agility 7 fixed indexed annuity. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Allianz 222 Fixed Index Annuity Request Info. Over the past few years, Athene has received a number of customer complaints through the Better Business Bureau (BBB). We are a team of annuity professionals who have a key focus on offering comprehensive yet non-biased annuity reviews online. Meaning you want your lifetime income to start at least 10 years or more down the road. It may even have been your attendance at that event that has led you online, on a quest for more information. 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. 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. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. These charges are set up as follows: Athene Agility 10 Annuity Surrender Charge Schedule. Unbiased Allianz Benefit Control Annuity Review Annualized Credited Rate does not reflect anyrider or contract charges. PDF For income that lasts as long as your retirement. ALLIANZ 222/ABC GLOBAL ATLANTIC CHOICE ACCUM. We have made the necessary edits to the article. Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. American Equity IncomeShield 7 Annuity. Athene Agility Fixed Indexed Annuity Request Info. 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. 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. Athene describes the Agility 7 annuityas a fixed indexed annuity for income with agility.. Annuity Gator, For instance, with this product, your income could increase each year, depending on the index strategies that you chose. This waiver is available after your first Contract Anniversary. Help clients open doors to retirement possibilities. One-Time Checkup with a Financial Advisor, See all Brighthouse Financial Shield Annuities, Americo Financial Life and Annuity Review, Brighthouse Financial Shield Annuity Review, Fidelity & Guaranty Life Annuities Review, Lafayette Life Insurance Company Annuity Review, MetLife Annuities/Brighthouse Financial Annuities Review, Mutual Trust Life Insurance Company Annuity Review, Allianz Index Advantage Variable Annuity, Brighthouse Shield Level Select 6-Year Annuity, Brighthouse Shield Level Select 3-Year Annuity, Brighthouse Shield Level 10 Advisory Annuity. Product features, limitations and availability vary; see the Certificates of Disclosure for details. This field is for validation purposes and should be left unchanged. 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. We have made the necessary changes. 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. That makes it tough to know which one is best aligned with your retirement income needs.
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