The interest credited to the Performance Elite 10 Plus annuity is linked to the performance of the indexes you choose. Annuity Resources, LLC is a licensed fixed annuity producer in most states. 0 When your annuity matures (on the Annuity Date), Athene Performance Elite gives you options to receive guaranteed lifetime income (called annuitization). 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 Power Finds. For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356. 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. https://www.youtube.com/watch?v=uv3qXK2eU6U. See product brochure, disclosure and riders for additional details, limitations and availability. If you take an excess withdrawal before the end of your Withdrawal Charge period, an MVA will be applied to that excess withdrawal. Accumulated Value with no surrender charges, (ii) the Minimum Guaranteed Contract Value or (iii) the Return of Premium Benefit (if applicable). Rates are based on current interest rates and are subject to change at any time. Athenes PE Plus 15 annuity has an automatically pegged Liquidity Rider that attracts a small annual fee. Looking for more information about the Athene Performance Elite 15 Plus or other fixed indexed annuities? The income riderincluded at no charge on certain annuitiesgives annuitants the peace of mind of guaranteed growth. 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. Power. The AvenirNextLTPro-LightCn 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. 0000020303 00000 n 0000005797 00000 n Accumulated Value with no surrender charges, (ii) the Minimum Guaranteed Contract Value or (iii) the Return of Premium Benefit (if applicable). Interest credits will never be less than 0%. They may offer an annuity to you for sale. Athene Annuity & Life Companyis rated A by A.M. Best, was founded in 1896, and has over $76.2 billion in total assets. WebPerformance Elite 15 (TX). Know how the return is calculated. Rate Details Effective Date: Oct 28th, 2022 Established indexes are safer and more likely to generate better returns. You also might be charged a market value adjustment on early withdrawals. 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. 192067761 When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. If you pass away, this series does include a death benefit; your beneficiaries will receive the greater of either your accumulated value, your plans minimum guaranteed contract value, or the return of premium benefit (if purchased). 0000024129 00000 n 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. Athene Performance Elite Plus annuities include a Liquidity Rider, for an annual charge, that gives you additional flexibility should the need arise. They allow companies to pay a higher rate and make longer-term investments. Athene Annuity & Life Company is rated A by A.M. Best, was founded in 1896, and has over $76.2 billion in total assets. They also extend the term. *Y%q W7\i m)(Qw{|#Wt^%t7 The simple interest credits 3. Another trusted third-party rating comes from J.D. Athene Performance Elite 15 fixed index annuity is a 15-year retirement savings plan offering a premium bonus, 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. Athene Performance Elite annuities allow you to allocate your money among one or more of the available interest crediting strategies. Tryouts will run over three days only. Index annuities and variable annuities pay the highest commissions to insurance agents. Uncapped index annuities might earn 3-5% (1-2% more) than capped annuities. So, what is the best way to grow your money? 0000053425 00000 n The interest you earn is credited at the end of each Index Term Period. Athene declares the guaranteed rate for this strategy each Contract Year. 0000029269 00000 n Premium bonuses range from 0% to 15%, depending on the plan you choose, with free withdrawals beginning as early as year one. Speak With A FiduciaryAdvisor About This Annuity. Athene Performance Elite 10. 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). You are watching the market, and a formula decides how much gain of the index you receive. 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. 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). In 2021, Athene Annuity & Life Company received an overall NAIC complaint index of 0.10, well below the 1.0 average. 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. 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. 0000017596 00000 n 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. proof:pdf 0000018755 00000 n If you are interested in an annuity that gives you more access to your money, just in case the need arises, you may want to check out the Athene Performance Elite. PDF/X-4 PDF/X-4 Do not buy an annuity solely for the bonus. Early Surrender Charges and Market Value Adjustment (MVA) reduced to 9 years. Your email address will not be published. 119 0 obj<>stream You could earn slightly less than what fixed annuities pay to slightly more, in our opinion. Would you like to know how the Performance Elite 10 Plus compares to the best Index annuities on the market? 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. Check out the. 0000031939 00000 n 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. The Performance Elite 15 annuity from Athene offers investors a 7% 1 st year premium bonus, subjected to a 15-year vesting schedule. Tryout for a Team; Showcase Teams; National & Jr National Teams; Local AAU Teams; Summer League; jrNBA Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below. This would be 2-4% in todays market. Athene Performance Elite 10 and 15 annuities allow up to 5% beginning in the second Contract Year. State variations may exist, refer to product disclosure for details. 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. Both Fidelity and Athene offer a variety of plans to choose from, though Athenes 12 annuities provide more options than Fidelitys six. 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. In fact, this particular annuity is one of the stronger growth focusedannuities on the market. What is your number one priority, as you start to consider retirement plan options? 0 After the first contract year, a confinement and terminal illness waiver is available for annuity owners who fulfil the requirements. Surrender charges may apply to withdrawals during the surrender period. You dont get something for nothing! The limit can take the form of a Cap Rate, an Annual Spread, and/or a Participation Rate. AK, CT, DE, ID, MN, NV, NJ, NY, OH, OK, OR, PA, SC, TX, UT and WA, Top Multi-Year Guaranteed Annuity Rates Summary, Deferred Income / Longevity Annuity Quote. This financial strength rating gives consumers a good idea of the companys overall stability and projected strength. Dont be misled by an annuity salesman trying to earn a big commission. Athene is not one of our top-rated life insurance companies. 3896682134 Athene annuities provide annual free withdrawal privileges. 0% 5% 10% 10% Strategy Charge (Not available on the These options can be based on a set period of time, your lifetime, or the lifetimes of your and your Joint Annuitant. 0000044057 00000 n All Rights reserved, Available in states: The complaint index is adjusted for each company, with the average being 1.0. The Athene Performance Elite 7 also pays a first-year premium bonus subject to a Starting the first year, annuitants can withdraw up to 10% of their accumulated value without incurring any withdrawal charges. Optional Riders:Elite Plus Version includes enhanced liquidity, Return of Premium, and Bonus Options for a .95% rider charge. This annuity imposes an annual liquidity rider charge. 0000000016 00000 n The Athene Performance Elite annuities include a Death Benefit. You can reallocate available funds at the end of each crediting period. 0000002175 00000 n 0000028258 00000 n You dont get something for nothing. Do not invest money you might need to live on. In exchange for this protection, indexed crediting strategies limit the interest rate you can receive. Ashburn Xtreme Tryout Dates Announced for 2022-23 Season. Today, the company boasts more than $236.7 billion in assets. Athene Life Insuranceis also an inexpensive way to leave a death benefit to beneficiaries. 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. Returns are linked to a positive performance in an external index. 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. 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. Information presented on this website is not intended as tax or legal advice. I would like to receive future communications, I confirm that I am at least 16 years of age or older. We also analyze each carriers third-party and consumer reviews, looking at their reliability, reputation, and seeking out certain trends that might exist. 0000004957 00000 n WebThe Athene Performance Elite Plus annuity includes a Liquidity Rider, for an annual charge, that gives you additional flexibility should the need arise. For MA: Confinement penalty waiver not available. Index annuities are fixed annuities and generate fixed income type of returns. If you are searching for an annuity that will give you the highest streams of guaranteed income, or something that can comfortably support you in the event of a long-term care event, there are better options on the market. 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 $10,000 and a maximum annual withdrawal of 10% (of either initial premiums paid or accumulated value). The payment amount will be based on your annuitys Cash Surrender Value and the annuitization option you choose. Athene sells fixed and lump-sum annuities in all 50 states, as well as Washington, D.C., and Puerto Rico. We understand annuities can be confusing and that you might have questions. 0000006298 00000 n Not all annuities are available in all states. ;F0T 0000015368 00000 n Avenir Next LT Pro The Performance Elite 10 Plus annuity is a fixed indexed annuity. 0 No Withdrawal Charges, Premium hb```b``sa`c` @16%c]ILfu)#i*m-gyNg-s ti*+$ 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. 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. Fee to register goes up at 12:00:01 AM on April 16th. Its a fictional number which you cant withdraw lump sum, transfer out, or live on the interest. When it comes to properly gauging the reliability and service of a carrier, third-party ratings can be very valuable. Systematic withdrawals available on a monthly, quarterly, semi-yearly, or yearly frequency. Read our. If you are looking for the most retirement income, request an. A complaint index above 1.0 means that the company received more complaints than expected for its size; a score below 1.0 means fewer complaints than expected were received. 0000015278 00000 n 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. These include white papers, government data, original reporting, and interviews with industry experts. 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. WebAthene Performance Elite 15 Athene Performance Elite 15 Plus Death Benet6 Greatest of (i) Accumulated Value with no surrender charges, (ii) the Mini mum Guaranteed Contract Value or (iii) the Return of Premium Benet (if applica ble). After annuitization, payments will be consistent with the settlement option selected made payable to your named beneficiary. If you like bonds, bank CDs, and other safe investments, they might be right for you. 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. 0000008437 00000 n Today, Athene sells both individual and group annuities to consumers across the United States and U.S. territories. (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. Currently, Athene holds an A (Excellent) rating from AM Best, which is the third-highest possible score. 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. 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. This waiver only applies after the first contract anniversary has passed. The Athene Performance Elite 10 Plus In the 2021 Individual Annuity Study, Athene ranked seventh among twelve annuities carriers, according to factors such as customer satisfaction, products, pricing, and availability. 0000019781 00000 n 0000002099 00000 n Please consult with a qualified financial planner, advisor, tax, and legal advisor to determine if an annuity is right for your situation. Power, a trusted name in customer satisfaction studies. If a company pays a bonus, they typically take away some of the upside potential by lowering the cap. Cap rates) and extend the term. Your accumulation value is what matters. Its what you know for sure, that just isnt true. Ashburn Xtreme Tryout Dates Announced for 2022-23 Season. 2017-06-05T10:47:28-05:00 You earn a fixed-income type of returns, not market-like returns. Ryan Eichler holds a B.S.B.A with a concentration in Finance from Boston University. WebThe Athene Performance Elite 10 Plus is a single premium fixed-indexed annuity with a 10 year surrender charge period and a MVA provision. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option. If you withdraw more money than the free amount allowed by your contract, or if you surrender the annuity before the Withdrawal Charge period ends, a Withdrawal Charge, Market Value Adjustment, and Premium Bonus Vesting Adjustment (if applicable) will be applied. Sbu8Vp;{6aOWwnwitZ`7*,])xp;oM\.68(2vj(Q=_id{Z`RuH{s-G-eVY%}. OpenType - PS OpenType - PS 0000048658 00000 n 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 0 Annuity information on this site may not be current or applicable in your state. 0000018181 00000 n 2.1 Our goal is to be brutally honest with you about what to expect. 2.00 "AM Best Affirms Credit Ratings of Athene Holding Ltd. and Its Subsidiaries; Assigns Credit Ratings to Athene Annuity Re Ltd.", J.D. default You dont earn a guaranteed 7%-9% return when CDs, bonds, and fixed income earn less than 4%. 0000020605 00000 n Get independent advice. Strategies are methods used to calculate how much interest, if any, will be credited to your annuity. They want an efficient business model that provides a strong capital base for their policyowners. $ 10,000.00. Here are some links if you would like to review them as well. 0000003070 00000 n The price of the annuity from that point on will depend on how much protection you want that product to provide you in retirement, and for how long. "Athene Ann & Life Co National Complaint Index Report. We want you to have realistic expectations, so you wont be disappointed later. The Athene Performance Elite comes in two variations - one with a fee, and one without a fee. 0000001567 00000 n Want our recommendation? An agent might confuse you by talking payout rates, withdrawal rates, or the income account value. Required fields are marked *. the Performance Elite is a growth focused annuity with no lifetime income rider options. Maximum single premium is $1,000,000. Alabama, Alaska, Arizona, Arkansas, Colorado, Delaware, District of Columbia, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina, North Dakota, Oklahoma, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Vermont, Virginia, West Virginia, Wisconsin, Wyoming, 401k, Cash, IRA, Non-Qualified Money, Pension Plan, Qualified Retirement Plans, Roth IRA, SEP IRA, TSA 403b, Annuity and Insurance Agency1050 Crown Pointe ParkwayAtlanta, GA 30338, AnnuitiesLife InsuranceTravel InsuranceLong Term Care InsuranceShop InsuranceGet a Free QuoteContact Us, About usPrivacy PolicyHow We WorkIn The PressCustomer Reviews, annuity will always have a Minimum Guaranteed Contract Value, grow your money and help protect you from market, calculate and credit interest to your annuity, surrenders during the Withdrawal Charge period. The Performance Elite 10 Plus competes with bank CDs, bonds, and other fixed-income products. 0000015918 00000 n 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. Uncapped annuities have spreads or participation rates that limit their upside potential. Earnings on this annuity are indexed, and the plan includes an income and death benefit rider at no additional charge. The Performance Elite 10 Plus is a fixed indexed annuity. So, how does Athene measure up to some of the best annuity providers? 0000101199 00000 n Athene Performance Elite Annuities Include: Athene Performance Elite Athene Performance Elite Plus Premium Bonus Athene Performance Elite 15 annuity allows up to 5% beginning in the second Contract Year. The bonus and any earnings on the bonus are subject to a Premium Bonus Vesting Adjustment. MVA is not applicable in all states. 83 37 You have the potential to earn interest credits that are based in part on the growth of the market index. The primary purpose of Athene Performance Elite 15 fixed indexed annuities is to help you accumulate money for retirement. For CA: Upfront Bonus reduced to 12.00%. Some first year yields/rates reflect the fixed rate plus a premium bonus or interest rate enhancement. The Athene Performance Elite Plus 10 is a deferred fixed indexed annuity issued by Athene Annuity & Life Company. 0000003746 00000 n uuid:f261802f-0b4d-744a-9ba8-cd3dc530cc25 2.1
