These annuities allow customers to tie their assets to a market index available through Athene. Athene Annuity and Life Company (61689), headquartered in West Des Moines, Iowa, and issuing annuities in 49 states (excluding NY) and D.C., and Athene Annuity & Life Assurance Company of New York (68039), headquartered in Pearl River, NY, and issuing annuities in New York, are not undertaking to provide investment advice for any individual or in any individual situation, and … By Steve Kaufman, with Annuity FYI . Reviews are posted at the request of readers so they could see an independent … Zoom between states and the national map to see the top spots in each region. Your first seven years with an account will come with a withdrawal charge if you take out more money than the 10% allotted by Athene. The pie chart below lists Athene’s invested asset distribution. Sources: Internal Revenue Service (IRS), US Census Bureau 2018 American Community Survey, Government Sources, SmartAsset, Bank of America® Travel Rewards Visa® Credit Card Review, Capital One® Quicksilver® Cash Rewards Credit Card Review. To compare insurance rates from the best companies in your locale, enter your ZIP code below. In this case, for instance, there is no added cost for the income rider. So, be sure to check back soon and regularly to see all of our new and updated annuity reviews. To determine income tax burdens across counties, we used the national median household income. Yet at the same time, historically low interest rates in the U.S. over the past ten years or so have not provided investors anywhere near the returns they need in order to beat – or even meet – future inflation. 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. This dollar amount is automatically credited a 25% bonus, and on every contract anniversary, you’ll receive another boost equal to 175% of the value you accumulated over that year. But if you start taking withdrawals from your account before age 59.5, you’re subjecting yourself to this dangerous bonus rate. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. This currently comes with an extremely modest 1.75% rate, though it renews on an annual basis. You can also take a peek at the full Athene Agility annuity product guide HERE. But the main draw of this annuity is its optional income rider, which comes in the following two forms: Each of these has a preset simple interest rate, along with an opening bonus, that is used to help boost the annuitant’s initial income base, which is what you pay as your initial premium. The IRS has a law in place that states anyone under the age of 59.5 who begins receiving payments from his or her retirement account will be charging a 10% income surtax. 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. However, we feel that providing you with “too much” information is far better than not giving you enough. Headquartered in West Des Moines, Iowa, … With this, all interest credits are increased by 200%, which rewards those who do not take withdrawals. Amplify is the first RILA from Athene, which is the second-biggest seller of fixed index annuities (FIAs) after Allianz Life. For Athene, these firms gave out A, A and A- grades, respectively. It also includes a built-in income and death benefit rider at no additional charge. When you have a financial product that offers any type of guarantee on it, it’s likely that there will also be tradeoffs to consider somewhere along the line. Because the return potential of this annuity product is dependent on the index you choose and its unpredictable performance, there’s really no way to assume anything safely. All rates shown below are current as of the Assumed Issue Date of this illustration and are subject to change. Products not available in all states. The product includes income and death benefit riders at no additional charge. As its name states, the Protector 5 annuity comes with a return of premium rider. Product Review: Athene Agility 7 & Athene Protector 5. Methodology Which places are best for small businesses owners? There are essentially no fees associated with the Agility 10 annuity. Your Profile; Your Reports; Logout; Register; Login; … Annuitants who choose to upgrade their Performance Elite 7 annuity from the “Base” version to “Plus” will receive an annual liquidity rider. We can assist you with that by running it through our annuity calculator, using your specific financial figures. 1 Withdrawals are taken from your annuity's Accumulated Value and the Benefit Base is reduced proportionally. First, the Athene Agility guarantees a higher amount of lifetime income if we had an extended time of poor performance in the market indexes. 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. A buffer – a 10% buffer is most common – protects investors from the first 10 percentage point decline in the underlying index. The maximum issue age for MaxRate is 83-85 years old. Athene Agility SM However, there are a few areas to keep in mind that could cost you, if you’re not careful. ! We have been offering these in-depth annuity reviews for quite some time now – far longer than our competitors have – although many of them would like to have you think otherwise. Reviews. Regardless of if it seems like a safe option for even a small portion of your invested money, avoid placing any assets in the fixed account offered with this annuity. For a direct comparison of the Allianz 222 annuity versus the Athene Agility 10 annuity, go HERE. (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. Principal. Places with the highest small business index are the places which ranked the highest in the study. Product Guide … This in no way affects the quality, stability, or the strength of the Athene annuity products. Athene Max Rate 3 MYGA - NY Athene Max Rate 5 MYGA - NY Athene Max Rate 7 MYGA - NY Athene MYG 3 - NY Athene MYG 5 - NY Athene MYG 6 - NY … This versatile product is a great fit for clients who come to you without a financial plan for retirement. Next one came a week after that payment? 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. Should you begin taking distributions from your Ascent Pro 10 annuity before you reach age 59.5, you may find yourself subject to a hefty 10% income surtax. To answer this question, we considered three factors: the proportion of people in a county with small business income, how much business income those people reported and the amount of tax a potential resident must pay on their income. You can find these reviews in our massive online annuity review database that is located on our website. In addition, your benefit base can continue to grow, even after you are turned on the income stream. The Athene Ascent Pro 10 is a fixed indexed annuity with a maximum issue age of 80. Annuitants aged 59.5 or younger will be subject to the IRS’ 10% income tax surcharge on any withdrawals they make. There’s virtually no way to foresee what these rates will be, but if you are O.K. You can take a closer look at the Athene complaints HERE. Headquartered in West Des … In addition to possible surrender charges, there can also be some other fees involved if you own the Athene Agility 10 Year Fixed Indexed annuity. 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. 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. Athene Agility 7 and Athene Protector 5 offer generous investment terms and at least one above-average benefit in addition to a truncated surrender period. We’d need to get some additional information from you, though, in order to do so. Athene offers some of the strongest indices, including the S&P 500®, Morningstar® Dividend Yield Focus Target Volatility 5 Index and more. Rely on the wisdom and strength of a specialist. Best, All content is for educational purposes only. Annuity Gator, “For instance, with this product, your income could increase each year, depending on the index strategies that you chose. Then I get told next one should be coming on the 6th? As you can see they hold 67.8% of their assets in bonds and 19.2% in mortgages. Multi-year guaranteed annuities (MYGAs) offer a guaranteed return for your … The … Like any fixed indexed annuity, it is essentially impossible to guess what your returns could look like in advance. 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. This brochure describes certain benefits and features of the Athene Agility fixed indexed annuity. Fixed Annuity Rates for February 2021 Multi-year guaranteed annuities (MYGAs) offer a guaranteed return for your retirement savings . ATHENE Benefit 10 Annuity A single premium fixed indexed deferred annuity The inputs selected in this hypothetical illustration are listed below. The title of the Athene Protector 5 fixed indexed annuity is perfect, as it offers the return of premium rider if you’re in dire need of money. 118 Athene reviews. Due to our experience and longevity in this area, we have become quite good at what we do, and we’ve actually come to be known as a highly trusted source of annuity information on the Internet. In fact, you can ask for the value of your initial premium at any time, minus any withdrawals you made beforehand. 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 aren’t always a walk in the park when it comes to generating the returns you are anticipating. Multi-year guaranteed annuities (MYGAs) offer a guaranteed return … Your email address will not be published. In this annuity review, we will be discussing the following details on the Fixed Indexed Athene Agility 10 Year annuity: Annuities can be complex. We then applied relevant deductions and exemptions before calculating federal, state and local income taxes for each location. 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. 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. P.S If you would like to read more of our Athene annuity reviews here are some links to check out: Thank you. Tax-deferral is another major benefit of this annuity. Required fields are marked *. This means the Benefit Base is reduced by the same percentage that the Accumulated Value is … There are no traditional fees with this annuity, although it does include withdrawal charges. Thank you for pointing that out. The Purpose of this review is to show you where Athene Ascent 10 Bonus 2.0 Fixed Indexed Annuity is strong and where it has weaknesses. The Annuity Gator, Your email address will not be published. Even if an annuity or other retirement savings product seems foreign to you, don’t be afraid to look into it. 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. The income rider is decided by your “benefit base,” which is your initial premium. These rates are unfortunately a very high 10% for either three, five or seven years, depending on the option you select. So, if you’re ready to begin this review, let’s go ahead and dive in! Athene Annuity and Life Company (61689), headquartered in West Des Moines, Iowa, and issuing annuities in 49 states (excluding NY) and D.C., and Athene Annuity & Life Assurance Company of New York (68039), headquartered in Pearl River, NY, and issuing annuities in New York, are not undertaking to provide investment advice for any individual or in any individual situation, and … 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. Agility 7; Agility 10; In order to receive current rates: the application must be signed on or before January 15, 2021 and received at Athene by market close (3 p.m. CT) on January 29, 2021. All Rights Reserved | Privacy Policy, Please be as specific as possible. However, Plus annuitants who do not withdraw money over the course of a full year are given up to 20% fee-free withdrawals the following year. Are there any other annuities that you would like to know more about? One way to ensure that your returns will be unimpressive is by investing in the one-year interest rate guaranteed fixed account paired with Agility annuities. Independent Review of the Athene Agility 7-Year Fixed Indexed Annuity [Updated December 2020], Independent Review of the American General Life Insurance Company Power 10 Protector Plus Income Index Annuity, We use cookies to enhance your experience while using our website. In other words, take some risks, as you have the stellar income rider to back you up. Athene Ascent Pro 10 Bonus fixed index annuity is designed to safely grow your retirement savings, protect against stock market crashes, and guarantee an income for life while keeping up with inflation. 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). Although this product is much simpler than some of its counterparts, it still does include a death benefit. All content is for educational purposes only. Product Review: Athene Amplify Athene Amplify offers buyers both “buffers” and “floors”, investors can pick one or the other with different levels of protection or combine them. This is best done via phone (as versus sending sensitive information back and forth via email). (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. 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. However, before you go out and make a commitment to this annuity – or to any annuity – it is highly recommended that you first have a good understanding of just exactly how the annuity works, and how it may (or may not) fit into your overall financial plans. The more specific and detailed you are, the more likely we’ll be able to help . Subjecting yourself to this Athene annuity & Life Assurance company of new York residents by. 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