0000001892 00000 n Weve compared them to Fidelity, a top-rated annuity company, to help you better decide. Withdrawal charges are waived due to confinement and/or terminal illness, and the policys included death benefit provides your beneficiaries with the greater of either the accumulated value or the minimum guaranteed contract value. You earn a fixed-income type of returns, not market-like returns. This means that for the most part, annuities are guaranteed issue and can be purchased by anyone who qualifies by being able to pay the initial premium. Athenes PE Plus 15 annuity has an automatically pegged Liquidity Rider that attracts a small annual fee. Earn a guaranteed 7-9% returns. False. Athene Performance Elite 10. Annuities work a bit differently than life insurance policies, in that the vast majority of them do not require underwriting. The minimum premium is $10,000 with an accumulation period of at least 20 years or until the lifetime income withdrawals begin. 0000005797 00000 n 2017-06-05T10:47:28-05:00 Both Fidelity and Athene offer a variety of plans to choose from, though Athenes 12 annuities provide more options than Fidelitys six. This website is not intended to be a recommendation for you to purchase an annuity. 4178673307 0000028258 00000 n Uncapped annuities outperform when stock markets are strong. 0000101474 00000 n Because when it comes to index annuities, its not what you know that gets you into trouble. The MVA may increase or decrease the amount of the Withdrawal or Cash Surrender Value of your Contract depending on the change in interest rates. 0000024129 00000 n OpenType - PS The 7-9% refers to an income rider roll-up rate. You dont earn a guaranteed 7%-9% return when CDs, bonds, and fixed income earn less than 4%. Athene is also a newer company, founded in just 2009, while Fidelity has a history that stretches back to 1946. Athene is not one of our top-rated life insurance companies. 0000016727 00000 n This annuity offers 16.00% as an upfront bonus. The Athene Performance Elite 7 also pays a first-year premium bonus subject to a 0000016432 00000 n Required fields are marked *. Athene is a relatively new company, founded in just 2009, which used to offer life insurance and annuities but now only sells the latter. 0000019215 00000 n Learn more. 0000008130 00000 n 0000001647 00000 n One of the most trusted ratings comes from AM Best, which assigns a financial strength rating between A++ and D to many consumer-facing companies. Register on or before April 15th to get the early bird registration fee. Premium Bonusapplied to Accumulation Value, Enhanced LiquidityAccess to 20% free withdrawal if no withdrawal taken prior year (included in .95% rider charge on Plus version). You receive some of the upside, but none of the downside. Dont blindly trust a commission drive agent. ;F0T 0000013851 00000 n Index annuities are for conservative investors who like safety. phone call with one of our specialists, and they can help. Athene Life Insuranceis also an inexpensive way to leave a death benefit to beneficiaries. 0000014994 00000 n Copyright 2020. 0 Just how much growth is available with the Athene Performance Elite Fixed Index Annuity? Adobe InDesign CC 2017 (Macintosh) 0000007385 00000 n Tryouts will run over three days only. proof:pdf However, one common theme when it comes to retirement planning is having enough money to take care of all of the needs, wants, and desires that arise during your golden years. Choose your company wisely. 3896682134 0 This rider facilitates enhanced with withdrawal amounts, enhanced annuitizaton and a return of premium benefit. The initial premium you put in plus any bonus money 2. Strategy Charges: 1.75% Optional(Higher Participation Rates), Free Withdrawal: 5% Annual (Elite 10 & 15). Elite Plus Version includes enhanced liquidity, Return of Premium, and Bonus Options for a .95% rider charge. Linotype AG These fancy new indexes have not been tested in the real world. Your accumulation value is what matters. They want an efficient business model that provides a strong capital base for their policyowners. After annuitization, payments will be consistent with the settlement option selected made payable to your named beneficiary. Do not trust anyone who suggests you will earn significantly higher returns than what we have disclosed in this section. State variations may exist, refer to product disclosure for details. The minimum premium is $10,000 for all plans, and they include a return of premium rider (for a fee of 0.95% accumulated value). The products surrender schedule is below. 0000004957 00000 n Rates are based on current interest rates and are subject to change at any time. In order to provide readers with trusted and informative reviews, we employ a comprehensive methodology that involves looking at each carriers products, availability, pricing, included features, and limitations, and how those compare to similar carriers within the same industry. The indexes available for the product are listed below. 83 37 Early Surrender Charges and Market Value Adjustment (MVA) reduced to 9 years. Index annuities are fixed annuities that deliver fixed income type of returns. Dont be misled by an annuity salesman trying to earn a big commission. 83 0 obj <> endobj Additionally, you will find participation rates of at least 100% within the NASDAQ FC and AI-Powered US Equity indexes. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. 2.1 2.1 The Performance Elite 10 Plus competes with bank CDs, bonds, and other fixed-income products. Be extremely careful with custom or proprietary indexes because you don't know the underlying holdings. Athene Performance Elite Plus 10 also provides an enhanced Premium Bonus, which will give an immediate increase to your annuitys Accumulated Value. A high rating means a high probability that the company will remain solvent and able to pay out on its contracts as agreed. 0000002064 00000 n Athene offers a variety of annuity products, whether youre buying as an individual or purchasing through the workplace. The Athene Agility 10 annuity is offered to applicants between the ages of 40 and 80, with a minimum premium of $10,000 and a maximum annual withdrawal of 10% (of either initial premiums paid or accumulated value). *Y%q W7\i m)(Qw{|#Wt^%t7 0000101199 00000 n PY^h.MO*Nw Expect to earn 1-2% more than the average rate of a 1-year fixed annuity. Athene Annuity & Life Company is rated A by A.M. Best, was founded in 1896, and has over $76.2 billion in total assets. In part, Withdrawal Charges allow the company to invest your money on a long-term basis, which generally allows higher credit yields than possible with a similar annuity of a shorter term. 2023 Annuity Educator. Annuities are distributed by Annuity Resources, LLC. 417233541 The minimum premium is $10,000, and plans offer either single or joint life benefits, which can begin immediately. Do not buy an annuity solely for the bonus. trailer 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. Speak With A FiduciaryAdvisor About This Annuity. In exchange for this protection, indexed crediting strategies limit the interest rate you can receive. You are watching the market, and a formula decides how much gain of the index you receive. 0 The Athene Performance Elite Plus 10 is a deferred fixed indexed annuity issued by Athene Annuity & Life Company. 0000003746 00000 n DISCLAIMER: The information on this website is for educational purposes only. 0000001567 00000 n Other reasons to consider an indexed annuity: Athene is one of the fastest growing sellers of indexed annuities in the United States. If interest rates have decreased by more than 0.25%, the MVA will be positive. Issue ages range from 0 to 85, depending on the product chosen. We do business as Annuity Resources Insurance Services in CA. 0000026886 00000 n We have reviewed other products from Athene. While the Athene Performance Elite Fixed Index Annuity provides a lot of strong growth options, it does not bring much to the table when it comes to guaranteed income and long-term care benefits. Its free money. "Annuity Providers Become Key Drivers of Satisfaction as Customers Adopt Digital Channels, J.D. State variations, age restrictions and holding periods may apply. 0000007931 00000 n 0000003984 00000 n WebPerformance Elite 7 Base Plus Ownership Qualified2 must be single ownership Nonqualified joint ownership available Premiums Single premium only: Minimum It will not be applied in the event of the death of the Annuitant or to any Free Withdrawal amount, including those elected under the Confinement or Terminal Illness Waivers, if applicable. Do not invest money you might need to live on. WebAfter the 5th contract year, you may elect to surrender your contract and apply the Accumulated Value to one of ve settlement options. WebAthene Performance Elite 7 annuities allow up to a 10% annual free withdrawal beginning in the first Contract Year. So, how does Athene measure up to some of the best annuity providers? 4007712213 0000001236 00000 n The primary purpose of Athene Performance Elite 15 fixed indexed annuities is to help you accumulate money for retirement. This index can be used to track a carriers consumer trends and performance over the years. Athene Performance Elite Plus also provides an enhanced Premium Bonus. Optional Riders:Elite Plus Version includes enhanced liquidity, Return of Premium, and Bonus Options for a .95% rider charge. In 2020, Athene scored a 0.34, and in 2019, a 0.51. PDF/X-4 In addition to periodic or free withdrawals, Athene Performance Elite provides you with options for annuitization. The Performance Elite 15 annuity from Athene offers investors a 7% 1 st year premium bonus, subjected to a 15-year vesting schedule. https://www.youtube.com/watch?v=uv3qXK2eU6U. Index annuities and variable annuities pay the highest commissions to insurance agents. Interest credits will never be less than 0%. It guarantees that your beneficiary will receive your annuitys full Accumulated Value, Minimum Guaranteed Contract Value, or Return of Premium Benefit (Performance Elite Plus only), whichever is greater. You can reallocate available funds at the end of each crediting period. It's easy. No Withdrawal Charge or MVA apply if you qualify for this benefit. 2 Because the index applies a volatility control mechanism, the range of both the positive and negative performance of the index is limited. xmp.id:e3571a76-24c3-4412-9928-b8c0ad8354df 0000006914 00000 n Personal, Traditional IRA, Roth IRA, SEP-IRA, SIMPLE-IRA, 403(b). Any interest earned is credited at the end of the crediting period. An agent might confuse you by talking payout rates, withdrawal rates, or the income account value. 0000012912 00000 n 0000006799 00000 n xmp.did:F77F1174072068118083E0F9596F9B1F License 6003435. This annuity also waives withdrawal penalties upon death. Power. 0000015871 00000 n Beginning with the first contract year, and each year thereafter, this annuity provides up to 10% of the contract value may be withdrawn from the annuity each contract year without penalty. But, as mentioned previously, those with priorities rooted in guaranteed income or long-term care benefits may want to look elsewhere. (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. 1346 0 obj <> endobj xref Any required minimum distributions are treated as free withdrawals and are thus not subjected to withdrawal charges, market value adjustments, or premium bonus vesting schedules. 0000020674 00000 n Product availability varies based on the state you live. Calculators; Income Annuity Quote; Annuity Rates; Annuity Companies; Financial Ratings; Licenses; Terms; Athene Performance Elite 10 and 15 annuities allow up to 5% beginning in the second Contract Year. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. The index is The simple interest credits 3. So even though its possible that you may have years when you have no interest credited to your contract, you will not lose any money in your annuity due to market losses even during economic downturns. default If an insurance company gives you a bonus, they will reduce other benefits of the contract (ex. Here are some links if you would like to review them as well. 0 The annuity contract has a formula that decides how much of the gain of an index you receive. This rider ensures that the annuitys value increases each year by a minimum percentage, which may vary based on the contract year and type of plan purchased. With the return of premium rider, you can recoup your initial purchase premium (minus any prior withdrawals) if you need to surrender your annuity in the future.

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