Calculators; Income Annuity Quote; Annuity Rates; Annuity Companies; Financial Ratings; Licenses; Terms; In 2020, Athene scored a 0.34, and in 2019, a 0.51. WebAthene Performance Elite 7 Plus The Athene Performance Elite 7 Plus is a single premium fixed-indexed annuity with a 7-year surrender charge period and an MVA provision. The states of OH, MN, OR, and DE have an issue age of 47 years. Currently, Athene holds an A (Excellent) rating from AM Best, which is the third-highest possible score. Athene is also a newer company, founded in just 2009, while Fidelity has a history that stretches back to 1946. Youve worked hard and deserve someone you can trust. The fixed crediting strategy provides a guaranteed rate of interest that is used to calculate and credit interest to your annuity daily. 0000005797 00000 n Adobe InDesign CC 2017 (Macintosh) "Athene Ann & Life Co National Complaint Index Report. Additionally, you will find participation rates of at least 100% within the NASDAQ FC and AI-Powered US Equity indexes. 0 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. Withdrawal fees, if applicable, can be waived due to terminal illness or confinement. 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. OpenType - PS 0000013440 00000 n Athene feels they have an entrepreneurial spirit and are led by a management team with over 165 years experience. 0000013470 00000 n While some annuities allow for a single lump-sum payment, others expect you to also continue making regular contributions. 192067761 To receive the Confinement Waiver, you cannot be confined at the time your contract is issued and confinement must begin at least one year after the Contract Date. 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. Flexible premiums are not accepted. Their products are sold through various marketing organizations and institutions. Required Minimum Distributions (RMDs) are IRS mandatory withdrawals required with qualified contracts (such as an IRA ). Athene Performance Elite 10 and 15 annuities allow up to 5% beginning in the second Contract Year. Rates are based on current interest rates and are subject to change at any time. For FL: Upfront Bonus reduced to 13.00% for issue ages 65-78. Your accumulation value is what matters. Be extremely careful with custom or proprietary indexes because you don't know the underlying holdings. Cap rates) and extend the term. If you are considering the Performance Elite 10 Plus this might be the most important message you will read. A market value adjustment is basically an additional charge or credit for taking money out early from an annuity. OpenType - PS 119 0 obj<>stream 4178673307 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. 0000024129 00000 n If a company pays a bonus, they typically take away some of the upside potential by lowering the cap. Studies have shown the returns of MYGAs and index annuities to be similar. Strategy Charges: 1.75% Optional(Higher Participation Rates), Free Withdrawal: 5% Annual (Elite 10 & 15). 0000016432 00000 n We have reviewed other products from Athene. Contract Charge PE10 PE10 Plus NA 0.85% ATHENE Performance Elite 10 Fixed Index Annuity Annuities issued by Athene Annuity & Life Assurance Company, Wilmington, DE Do not buy an annuity solely for the bonus. The initial premium you put in plus any bonus money 2. You receive some of the upside, but none of the downside. In 2021, Athene Annuity & Life Company received an overall NAIC complaint index of 0.10, well below the 1.0 average. In 2020, Athene scored a 0.34, and in 2019, a 0.51. This shows that the company consistently performs better than expected. 1 68070_PE7_ProductGuide_0617.indd 0000034932 00000 n 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. Rate Details Effective Date: Oct 28th, 2022 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 We also reference original research from other reputable publishers where appropriate. Dont blindly trust a commission drive agent. The following teams will be selected after the second tryout (April 24th), with player notification and roster posting on Monday April 25th. Because MYGA rates change daily, Annuity.org and its partner Senior Market Sales update the following tables frequently. Ryan Eichler holds a B.S.B.A with a concentration in Finance from Boston University. You are not directly participating in the market. They are a percentage of the withdrawal amount, decrease over time, and go to zero when the term ends. Fee-based riders come at a cost that is usually calculated as a percentage of the annuitys accumulated value. You can get your questions answered by booking a brief call with one of our team members. If interest rates have increased, stayed the same, or decreased by less than 0.25%, the MVA will be negative. AvenirNextLTPro-Medium The Performance Elite 10 Plus competes with bank CDs, bonds, and other fixed-income products. 3896682134 AvenirNextLTPro-Demi Diversify your index annuity into a variety of indexes. You should also request a proposal for the worst-case scenario. Avenir Next LT Pro In exchange for this protection, indexed crediting strategies limit the interest rate you can receive. If you dont need income later, DO NOT pay for an income rider. The annuity contract has a formula that decides how much of the gain of an index you receive. For example, you may be subject to a 10% early withdrawal fee if you cancel and take money out of your annuity before age 59. 0000021062 00000 n This rider facilitates enhanced with withdrawal amounts, enhanced annuitizaton and a return of premium benefit. WebAthene Performance Elite 10 1 Because the index applies a volatility control mechanism, the range of both the positive and negative performance of the index is limited. 0000002006 00000 n Withdrawals and surrender may be subject to federal and state income tax and, except under certain circumstances, will be subject to an IRS penalty if taken prior to age 59. 0000020674 00000 n WebAthene Performance Elite 10 Athene Performance Elite 10 Athene Performance Elite 10 Plus Free Withdrawal The Free Withdrawal amount is calculated Percentage Schedule 4 Y1 Y2+ Plus Y1 Plus Y2+ by applying the percentage shown to the Accumulated Value as of the previous contract anniversary. Power Finds. Elite Wellness is a Performance and Recovery center in Ashburn, 0000029269 00000 n This index is a score demonstrating how many consumer complaints the company received compared to the average expected number for the companys size and market share. If you like bonds, bank CDs, and other safe investments, they might be right for you. 2.1 Not available in: AK, CT, DE, ID, MN, NV, NJ, NY, OH, OK, OR, PA, SC, TX, UT and WA Access to 20% free withdrawal if no withdrawal taken prior year (included in .95% rider charge on Plus version). These fancy new indexes have not been tested in the real world. xb```f``a`e` ab@ !&@yL8&7eS;gil3P a?U4xRtn y-La>Tb>>+g. Today, the company boasts more than $236.7 billion in assets. converted Do not invest money you might need to live on. Upon the death of the annuitant, his or her beneficiaries are awarded with a death benefit that equals the greatest of their accumulated value, or the minimum guaranteed contract value, or the return of premium benefit. PDF/X-4 Issue ages are 0 to 85 for Annuity Certain, 5 to 80 for Life and Installment Refund Life, and 5 to 85 for all other options. 0 trailer <]/Prev 222282/XRefStm 1638>> startxref 0 %%EOF 1392 0 obj <>stream This waiver is available after your first Contract Anniversary and the initial diagnosis of Terminal Illness must be made at least one year after the Contract Date. The more you contribute to your annuity planand the greater the annuitys growththe more income it will provide you in retirement, and for a longer period of time. Avenir Next LT Pro ;F0T You may choose a combination of the following indexes. There are 12 different annuities to choose from through Athene with a minimum deposit of just $10,000, providing consumers with a variety of affordable retirement income plans and features. I would like to receive future communications, I confirm that I am at least 16 years of age or older. xmp.id:e3571a76-24c3-4412-9928-b8c0ad8354df This optional rider, which can be added to some plans for an additional fee, offers up to 8% simple interest growth on the plan for up to 10 years. Withdrawal charges are waived due to confinement or terminal illness, and the plan can grow in one of two ways: level and inflation-adjusted or earnings-indexed. 83 0 obj <> endobj BY JEREMIAH KONGER, September 10th, 202011:00 AM, IncludedRiders:Confinement Waiver of Withdrawal Charges (No Fee);Terminal Illness Waiver of Withdrawal Charges (No Fee). 0 417233541 2017-06-05T10:47:28-05:00 Look for products with a short surrender period and no 4240935107 The reviews and annuity information on this website may not be current and may not apply in the state you live in. You dont get something for nothing. (In New York, beneficiaries will receive the full accumulated value.). The payment amount will be based on your annuitys Cash Surrender Value and the annuitization option you choose. 0000015918 00000 n Copyright 2020. 195% Participation Rates on the BNP Paribas Multi-Asset Index make this annuity one of the top safe growth Fixed Index Annuities on the market. 0000001638 00000 n Read our. Today, Athene sells both individual and group annuities to consumers across the United States and U.S. territories. WebAfter the 5th contract year, you may elect to surrender your contract and apply the Accumulated Value to one of ve settlement options. 0000018181 00000 n 1 Linotype AG For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356. You can withdraw up to 100% of your annuitys Accumulated Value if youre diagnosed with a Terminal Illness that is expected to result in death within one year and you meet the eligibility requirements. Annuities are distributed by Annuity Resources, LLC. 192067761 Get independent advice. You may also be subject to surrender fees for canceling your contract ahead of schedule. 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. Linotype AG 0 Both Fidelity and Athene offer a variety of plans to choose from, though Athenes 12 annuities provide more options than Fidelitys six. The Athene PE Plus 15 annuity as not available in CT, CA, PA, NY, UT, PR, WA, and VI as of May 2017. Do not trust anyone that tells you otherwise. WebWithdrawal Charge Schedule NC 12%, 12, 11, 10, 9, 8, 7, 6, 4, 2, 0 Market Value Adjustment 10 years. Adobe PDF Library 15.0 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 You can earn market-like upside without the market downside. This is a partial truth. startxref Learn more. OpenType - PS The Athene Performance Elite annuities include a Death Benefit. AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY, Apply for Athene Performance Elite 10 Plus, Non-Qualified, 401k, Profit Sharing, IRA, Spousal IRA, Pension, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, KEOGH, IRA-Roth, and Inherited IRA, 1-Year BNP Paribas Multi-Asset PTP Participation Rate, 2-Year BNP Paribas Multi-Asset PTP Participation Rate, 1-Year AI Powered US Equity PTP Participation Rate, 2-Year AI Powered US Equity PTP Participation Rate, 1-Year S&P 500 DRC 8% TR PTP Participation Rate, 2-Year S&P 500 DRC 8% TR PTP Participation Rate, Athene Annual Liquidity Rider Charge Rate 10 years. 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. Strategies are methods used to calculate how much interest, if any, will be credited to your annuity. The income riderincluded at no charge on certain annuitiesgives annuitants the peace of mind of guaranteed growth. 0000001892 00000 n If you are interested in purchasing a product or need to make changes to an existing contract, you can also reach out to your local sales professional. 0 0000021298 00000 n 0000027283 00000 n The "S&P 500" is a product of S&P Dow Jones Indices LLC, a division of S&P 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. 0 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. 4007712213 0000007385 00000 n Enhanced Participation Trade-Offto earn the higher participation rates, you must elect for the enhanced strategy charge 1.75% essentially removing the guaranteed 0% flood if the index strategy doesn't performance positively. 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. Cancelling or surrendering an annuity is possible, but can be costly. *Y%q W7\i m)(Qw{|#Wt^%t7 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. It's easy. Elite Plus Version includes enhanced liquidity, Return of Premium, and Bonus Options for a .95% rider charge. 0000025959 00000 n %%EOF A Market Value Adjustment applies to withdrawals in excess of the free withdrawal amount and full surrenders during the Withdrawal Charge period. Here's where you can find the, 10 Year Term (make sure you dont need access), Single Premium (cant add money to the contract), Possible market value adjustment on withdrawals. 0000025431 00000 n The death benefit rider provides you with a benefit base value that grows over time, which is not impacted by your future withdrawals. Dont be misled by an annuity salesman trying to earn a big commission. The indexed interest credits should you chose the indexing method. to earn the higher participation rates, you must elect for the enhanced strategy charge 1.75% essentially removing the guaranteed 0% flood if the index strategy doesn't performance positively. 0000020605 00000 n Athene Performance Elite 15 fixed index annuity is a 15-year retirement savings plan offering a premium bonus, designed to safely grow your retirement savings and protect against stock market volatility. Do not trust anyone who suggests you will earn significantly higher returns than what we have disclosed in this section. The Athene Performance Elite annuities include a Premium Bonus that is credited at issue and provides an immediate increase to your annuitys Accumulated Value. 0000028258 00000 n "Annuity Providers Become Key Drivers of Satisfaction as Customers Adopt Digital Channels, J.D. (as of 04/22/2022). Surrender charges are a penalty charged to early withdrawals of annuity contract. Its a fictional number which you cant withdraw lump sum, transfer out, or live on the interest. Individual and group annuities that help protect your assets in retirement. 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). Withdrawals are not credited with index interest in the year they are taken. 0000006799 00000 n Because when it comes to index annuities, its not what you know that gets you into trouble. Annuities work a bit differently than life insurance policies, in that the vast majority of them do not require underwriting. Your email address will not be published. So you want to do your homework! There is a premium bonus of 3% and the earliest you can elect lifetime income is age 50. 2017-06-05T10:47:28-05:00 All Rights Reserved By Annuity Association. If you decide to go the fee route, you have the ability to receive up to an industry leading195% participation rate from the BNP Paribas Multi-AssetIndex No Cap Strategy. So, how does Athene measure up to some of the best annuity providers? The indexes available for the product are listed below. Book a 15-minute, Income riders cost real money and lower your principal balance. We want you to have realistic expectations, so you wont be disappointed later. xmp.did:F77F1174072068118083E0F9596F9B1F Uncapped annuities have spreads or participation rates that limit their upside potential. No Withdrawal Charge or MVA apply if you qualify for this benefit. Find highest lifetime income payments and cover your retirement income gap today. Its what you know for sure, that just isnt true. The complaint index is adjusted for each company, with the average being 1.0. Athene Performance Elite annuities allow you to allocate your money among one or more of the available interest crediting strategies. If you click on links we provide, we may receive compensation. This annuity also waives withdrawal penalties upon death. Please consult with a qualified financial planner, advisor, tax, and legal advisor to determine if an annuity is right for your situation. The index is 1.00 Upfront bonuses are frequently subject to a vesting schedule. Are you a conservative investor who wants to protect your principal? Look for products with a short surrender period and no MVA if you might need access to the money. 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. The more your annuity grows, the more those riders will cost you year over year. / Avenir Next LT Pro Penalty Free Full Withdrawal Window Available After: 10 years. Depending on the annuity you choose, there are a few different rider options available, some of which are included at no extra charge. You are watching the market, and a formula decides how much gain of the index you receive. Linotype AG ", AM Best. WebPerformance Elite 7 Base Plus Ownership Qualified2 must be single ownership Nonqualified joint ownership available Premiums Single premium only: Minimum Surrender charges may apply to withdrawals during the surrender period. The primary purpose of Athene Performance Elite 15 fixed indexed annuities is to help you accumulate money for retirement. He has held positions in, and has deep experience with, expense auditing, personal finance, real estate, as well as fact checking & editing. <]>> 1346 0 obj <> endobj xref False You could receive 15% one year and 0% for 2 other years. Each year, you may withdraw up to the maximum free amount of your annuitys Accumulated Value (as of the most recent Contract Anniversary) without a Withdrawal Charge, Market Value Adjustment (MVA), or any Premium Bonus Vesting Adjustment, if applicable. By submitting this form, you allow us to contact you and agree to our Privacy Policy. Annuity information on this site may not be current or applicable in your state. 0000015278 00000 n 0000008437 00000 n A high rating means a high probability that the company will remain solvent and able to pay out on its contracts as agreed. The simple interest credits 3. Index annuities are for conservative investors who like safety. With indexed crediting strategies, you receive interest credits that are linked in part to the performance of external market indices. Requiring a lump-sum, single premium payment up front, the Athene SPIA plan helps financially protect your future retirement from day one. In most states, the issue age is 0-73 years. The Athene Performance Elite Plus 10 is a deferred fixed indexed annuity issued by Athene Annuity & Life Company. Athene Performance Elite Annuities Include: Athene Performance Elite Athene Performance Elite Plus Premium Bonus We use cookies to improve our service, track analytics, remember preferences, etc. 0000004855 00000 n We do business as Annuity Resources Insurance Services in CA. Your rate of return is calculated based on the accumulation value, not the income value. You also might be charged a market value adjustment on early withdrawals. Athene Performance Elite 15 fixed index annuity is a 15-year retirement savings plan offering a premium bonus, 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. DISCLAIMER: The information on this website is for educational purposes only. AvenirNextLTPro-Regular 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. Athene Performance Elite 10. 0000006298 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. The company began trading on the New York Stock Exchange in 2016, raising $1.1 billion through its initial public offering and earning the title of third-largest IPO that year. During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. 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. 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. These withdrawals from your annuity contract are considered part of your free withdrawal, free of Withdrawal Charges, MVA, or Premium Bonus Vesting Adjustment for the Contract Year. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Speak With A FiduciaryAdvisor About This Annuity. Leading the Fixed Index Annuity industry with participation rates bringing you as much as 195% of your earnings, you can grow your money in a powerful way with this annuity with no zero market downside. In New York, contracts are issued by Athene Annuity & Life Assurance Company of New York. 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). The interest you earn is credited at the end of each Index Term Period. Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below. 0000015453 00000 n 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. Do you like bank CDs, bonds, and other types of fixed income? They may offer an annuity to you for sale. The bonus and any earnings on the bonus are subject to a Premium Bonus Vesting Adjustment. Though Athene Annuity & Life Company used to sell life insurance policies, the company now only offers individual and group annuities. Depending on the type of annuity you have, the riders youve chosen, and how long youve held the plan, there can be notable penalties and withdrawal fees. 0000048658 00000 n 0000013035 00000 n 0000006210 00000 n xmp.did:fe2dd2c1-6d72-4b39-9f40-056a0c5b4d4c Is the pain of losing money greater than the pleasure of winning? Amount +/- will not exceed withdrawal charge. Strong Back-Tested Performanceaccording to our back-testing analysis, this annuity would have returned on average 11.82% the last 10 years Dec 2009-Dec 2019, leading the industry in potential performance. In case you need to surrender your policy, a Market Value Adjustment (MVA) will be applied to the portion of the withdrawal or surrender that exceeds the free withdrawal amount during the withdrawal charge period. Athene Annuity & Life Companyis rated A by A.M. Best, was founded in 1896, and has over $76.2 billion in total assets. PY^h.MO*Nw This annuity offers 16.00% as an upfront bonus. If interest rates have decreased by more than 0.25%, the MVA will be positive. phone call with one of our specialists, and they can help. All players will tryout on Saturday April 23rd and Sunday April Its important to note that once you choose to annuitize, the payment schedule and the amount is fixed and cant be altered. Another trusted third-party rating comes from J.D. You might be better off in a MYGA with a pre-determined rate of return vs. an index annuity where you might earn 1-3% more per year. You dont get something for nothing! Stephanie is an expert on insurance and small business. Some first year yields/rates reflect the fixed rate plus a premium bonus or interest rate enhancement. Index annuities are fixed annuities and generate fixed income type of returns. Annuities are not offered by the US Government, not government-guaranteed, and are not FDIC insured. This financial strength rating gives consumers a good idea of the companys overall stability and projected strength. Accumulated Value with no surrender charges, (ii) the Minimum Guaranteed Contract Value or (iii) the Return of Premium Benefit (if applicable). WebAshburn Xtreme 16U AA - AHF 16U - hockey team page with roster, stats, transactions at Eliteprospects.com
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