Overall, those looking fora safe way to grow their moneyduring retirement will find it very difficult to beat the Athene Performance Elite Fixed Index Annuity. Systematic withdrawals available on a monthly, quarterly, semi-yearly, or yearly frequency. 0000012912 00000 n You could receive 15% one year and 0% for 2 other years. 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. Annuity contracts through Athene Annuity & Life Insurance Company are available in 49 states (all except New York) as well as the District of Columbia and Puerto Rico. Athene Performance Elite Annuities Include: Athene Performance Elite Athene Performance Elite Plus Premium Bonus The 7 Biggest Mistakes Consumers Make When Buying An Annuity & How To Avoid Them, fixed annuities (MYGAs) with the highest rates. This waiver only applies after the first contract anniversary has passed. Index annuities are fixed annuities and generate fixed income type of returns. Adobe InDesign CC 2017 (Macintosh) Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below. The interest credited to the Performance Elite 10 Plus annuity is linked to the performance of the indexes you choose. 0000007338 00000 n 0 The indexed interest credits should you chose the indexing method. Please consult with a qualified financial planner, advisor, tax, and legal advisor to determine if an annuity is right for your situation. 1 0 obj <>]/Pages 3 0 R/Type/Catalog/ViewerPreferences<>>> endobj 2 0 obj <>stream Do not trust anyone that tells you otherwise. The more your annuity grows, the more those riders will cost you year over year. No Withdrawal Charges, Premium Schedule a Call; Quick links. If you pass away, your beneficiaries will have the option of choosing between your accumulated value or minimum contract guaranteed value (whichever is higher) or the policys rider death benefit. The Athene Ascent Pro 10 Bonus is a fixed annuity product with an issue age of 35 to 80. Do you like bank CDs, bonds, and other types of fixed income? The primary purpose of Athene Performance Elite 15 fixed indexed annuities is to help you accumulate money for retirement. Adobe PDF Library 15.0 Look for products with a short surrender period and no MVA if you might need access to the money. See product brochure, disclosure and riders for additional details, limitations and availability. Athene Annuity & Life Companyis rated A by A.M. Best, was founded in 1896, and has over $76.2 billion in total assets. Athene Performance Elite 15 fixed index annuity is a 15-year retirement savings plan offering a premium bonus, Ashburn Xtreme Tryout Dates Announced for 2022-23 Season. PDF/X-4 0000020605 00000 n If a player does not make one of the teams above, they will be required to attend a 3rd and final tryout on Monday April 25th in order to be selected into the club at the following levels. Copyright 2023 Annuity Resources, LLC - All rights reserved. Get independent advice. Power Finds.". In addition to periodic or free withdrawals, Athene Performance Elite provides you with options for annuitization. 0% 5% 10% 10% Strategy Charge (Not available on the 0000005797 00000 n Athene Annuity & Life Company is rated A by A.M. Best, was founded in 1896, and has over $76.2 billion in total assets. For different people, there may be very different answers. We want you to have realistic expectations, so you wont be disappointed later. 1346 47 0000003746 00000 n If an insurance company gives you a bonus, they will reduce other benefits of the contract (ex. Each year, the National Association of Insurance Commissioners (NAIC) issues carriers a complaint index. You dont get something for nothing! The materials, names, logos, brochures, etc used in our annuity reviews are property of their owners and not those of AnnuityResources.com. Earn a guaranteed 7-9% returns. False. These fancy new indexes have not been tested in the real world. Athene customer service can be reached by phone at 1-888-ANNUITY (1-888-266-8489) from 8 a.m. to 5 p.m. CST, Monday through Friday. <]>> This financial strength rating gives consumers a good idea of the companys overall stability and projected strength. jX$)6P\[_. You may choose a combination of the following indexes. Learn more. 0000014994 00000 n Over time, the returns will average out to be in the 2-4% range. You are not directly participating in the market. Avenir Next LT Pro If no withdrawals are taken in a given year, up to 20% of the Accumulated Value is available for withdrawal in the next year. 0000001036 00000 n This website is not intended to be a recommendation for you to purchase an annuity. We focus on selling MYGAs, SPIAs, and DIAs and refer those interested in other types of annuities to other insurance agencies when possible. / There are spreads, caps or participation rates that limit how much of the return you receive. We use cookies to improve our service, track analytics, remember preferences, etc. You earn a fixed-income type of returns, not market-like returns. Minimum single premium is $25, 000. If you take excess withdrawals before the term is up, you will be charged surrender charges. Their products are sold through various marketing organizations and institutions. Athene is a relatively new company, founded in just 2009, which used to offer life insurance and annuities but now only sells the latter. After annuitization, payments will be consistent with the settlement option selected made payable to your named beneficiary. The death benefit rider provides you with a benefit base value that grows over time, which is not impacted by your future withdrawals. Choose your company wisely. The reviews and annuity information on this website may not be current and may not apply in the state you live in. Request a. Its also a good idea to lock in the indexes at different times. Accumulated Value with no surrender charges, (ii) the Minimum Guaranteed Contract Value or (iii) the Return of Premium Benefit (if applicable). Initially, Athene sold both life insurance policies and annuities, though the company stopped writing life insurance contracts just a few short years later, in 2013 though is still considered an insurance company. Jointly owned annuities are also considered survivorship products and will continue paying out as long as one spouse is still alive. You can learn more about the standards we follow in producing accurate, unbiased content in our, Paying for Long-Term Care: How Its Changing, Indexed Universal Life Insurance (IUL) Meaning and Pros and Cons, 4 Best Alternatives to Long-Term Care Insurance, Monthly, quarterly, semi-annually, annually, or lump sum, By phone (1-888-ANNUITY/1-888-266-8489 from 8 a.m. to 5 p.m. CST, Monday through Friday), Single Premium Immediate Annuities (SPIA), Methodology: How We Review Life Insurance Carriers, Athene Ann & Life Co National Complaint Index Report, AM Best Affirms Credit Ratings of Athene Holding Ltd. and Its Subsidiaries; Assigns Credit Ratings to Athene Annuity Re Ltd, Annuity Providers Become Key Drivers of Satisfaction as Customers Adopt Digital Channels, J.D. Another trusted third-party rating comes from J.D. 0000007385 00000 n Youre also guaranteed to never earn less than 0% interest. The Athene Ascent Pro 10 Bonus is a fixed annuity product with an issue age of 35 to 80. These charges do not apply to free withdrawals, RMDs, payments made in settlement of your annuitys Death Benefit or Confinement, and Terminal Illness waivers. Because MYGA rates change daily, Annuity.org and its partner Senior Market Sales update the following tables frequently. 0000004957 00000 n Established indexes are safer and more likely to generate better returns. 0000013851 00000 n 1 False Adobe InDesign CC 2017 (Macintosh) 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. After the first Contract Year, you can withdraw up to 100% of your annuitys Accumulated Value if youve been confined to a Qualified Care Facility for at least 60 consecutive days and meet the eligibility requirements. For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356. hb```b``sa`c` @16%c]ILfu)#i*m-gyNg-s ti*+$ If you surrender your annuity or withdraw an amount that exceeds the Free Withdrawal amount during the Withdrawal Charge period, you will incur a Withdrawal Charge. WebAthene Annuity and Life Company Mailing Address: PO Box 1555, Des Moines, IA 50306-1555Overnight Address: 7700 Mills Civic Parkway, West Des Moines, IA 50266-3862Athene.comAnnuity Customer Contact Center - Tel: 888-266-8489 Fax: 866-709-3922 DISCLOSURE AND COMPARISON OF ANNUITY CONTRACTS There is a premium bonus of 3% and the earliest you can elect lifetime income is age 50. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. 0 0000008130 00000 n AvenirNextLTPro-LightCn 0000001846 00000 n Withdrawals or surrenders in excess of the Free Withdrawal amount will result in the loss of a portion of the Premium Bonus, if applicable. In exchange for this protection, indexed crediting strategies limit the interest rate you can receive. An Athene Performance Elite 15 fixed indexed annuity may be right for you if you want. But, as mentioned previously, those with priorities rooted in guaranteed income or long-term care benefits may want to look elsewhere. A Market Value Adjustment applies to withdrawals in excess of the free withdrawal amount and full surrenders during the Withdrawal Charge period. A 10% IRS penalty may apply to withdrawals prior to age 59 . Many different annuity contracts and riders to choose from, Accumulated growth can be locked in, protecting against market downturns, Must be purchased through a financial professional. 0 %PDF-1.6 % Athene declares the caps, annual spreads, and participation rates at the end of each term period. Index annuities are an excellent fit for conservative investors who are looking for an alternative to bank CDs and bonds. 0000020674 00000 n Its a fictional number which you cant withdraw lump sum, transfer out, or live on the interest. 2.1 0000029269 00000 n Below is the Surrender Charge schedule for Athene Performance Elite 7 Fixed Indexed Annuity. They compete with bonds, CDs, and other safer investments. If you take an excess withdrawal before the end of your Withdrawal Charge period, an MVA will be applied to that excess withdrawal. WebAthene Performance Elite 15 Fixed Indexed Annuity. WebThe Athene Performance Elite Plus annuity includes a Liquidity Rider, for an annual charge, that gives you additional flexibility should the need arise. What is your number one priority, as you start to consider retirement plan options? OpenType - PS 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). 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).

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