athene agility 10 vs allianz 222
And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. When considering the Athene Agility 7-Year Fixed Indexed Annuity, though, you can be confident that the principal you have in the account is safe, regardless of what happens in the market or even in the economy overall. AIG (now Corebridge Financial) Total fixed index annuity sales were $79.4 billion in 2022, up 25% from 2021, and 8% higher than the record set in 2019. To check out more of the in-depth details about this annuity directly from the companys product guide, you can go HERE. Athene passes this test with strong financial ratings and comes in #1 in overall index annuity sales in 2020. Please feel free to contact us directly, toll-free, at (888) 440-2468 to chat with one of our annuity specialists or visit http://annuitygator.com/contact/, We look forward to hearing from you. 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 arent always a walk in the park when it comes to generating the returns you are anticipating. In order to best support you, we would need some additional information from you. Over the past few years, Athene has received a number of customer complaints through the Better Business Bureau (BBB). If you plan to turn this portion of your portfolio into a lifetime income stream, Agility 10 is quite possibly the best option available (Allianz 222 also gets consideration). ATHENE - Agility 10 . 2%. That is a big difference, the Allianz 222 income is to be turned on after 10 years. Because of that, annuities that initially might seem exactly alike can actually give you vastly different results. An in-depth look at performance-based & Guaranteed options. Please feel free to reach out to us directly, toll-free, at (888) 440-2468. ConfinementAfter the first Contract Year, you can withdraw up to 100% of your annuitys Accumulated Value if the Annuitantis confined to a Qualified Care facility for at least 60 consecutive days and meets the eligibility requirements. The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. These complaints have centered primarily around administrative issues related to one of the companys third-party subcontractors. Allianz 222 - ALLIANZ222V2 Allianz 360 - ALLIANZ360V2 Allianz 365i - ALLIANZ365iV2 Allianz Benefit Control Product Training: ABCANNUITY . Just like other types of annuities, these products also offer tax-deferred earnings within the account and, there is the option to receive a lifetime income in retirement, regardless of how long you may need it. The best annuity for you will be determined by your individual goals and objectives, but generally speaking, Allianz, Athene, and AIG are the best fixed index annuity companies. The FIA products also allow you to get income for life, so you can alleviate any worry about running out of income in retirement. Once you start receiving your retirement paycheck, your Benefit Base will continue to grow by 175% of any interest credits you earn. You can also take a peek at the full Athene Agility annuity product guide HERE. Best, To see a full breakdown of all charges and fees, as well as some of the other tradeoffs you may need to make in order to obtain the benefits from the Athene Agility annuity, go HERE. < This link is outdated and shows information, percentages and index strategies not currently used by the product. (cant use for in-home health cases like you can in the. If this is your first visit to our website, we would like to formally welcome you to Annuity Gator. Also, as with most other annuities, if more than 10% of the contracts value is withdrawn during the surrender charge period, a withdrawal charge penalty will be incurred. And maybe the biggest difference is that the Athene Agility 7 can have its lifetime income turned on after the 7th year. Be sure to do your own due diligence, we recommend consulting with a properly licensed tax, legal or financial professional regarding any questions you may have prior to making any purchasing decision. 1Lifetime Income Withdrawals may be reduced or may stop if you take Excess Withdrawals from your contract. Products not available in all states. Annuity Marketplace . This is where the Annuity Gator comes in. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any users account by an Adviser or provide advice regarding specific investments. Are there any other annuities that you would like to know more about? If so, just let us knowthe name (or names) of the annuity(ies) and our Annuity Gator annuity geeks will get on it. So, if you felt that this annuity review was helpful, then please feel free to pass it along and share it with anyone else who you think might also benefit from it. Therefore, if you happened to notice if there were any details within this review that should be revised, please let us know that too, and we will be glad to make the necessary updates to it. So, if you felt that this review was helpful, please feel free to pass it along and share it with anyone else whom you think could also benefit from it. For financial professional use only. With that in mind, a financial advisor is likely to focus on this best of all worlds scenario when presenting this product to you. Increases are locked in and cannot be lost, regardless of future index performance. In addition to its a rating from S&P, the company has also earned an A from A.M. Best and an A from Fitch. The Athene Agility 10 is a fixed index annuity with a 10-year contract term. It also includes a built-in income and death benefit rider at no additional charge. Weve been creating annuity reviews for quite some time now far longer than our competitors have although many of them would like to have you think otherwise. 7%. Your email address will not be published. This is not an offer to buy or sell any security or interest. Retire in 10 Years. AnnuityGator. This, in turn, can also increase the value of the death benefit if you have chosen the death benefit rider. . Athene Agility 7, 10 RegEd Code: Agility710_2018 Athene Ascent Pro 7 RegEd Code: PRO7_2017 Athene Ascent Pro 7, 10 RegEd Code: PRO710_2017 If you want your income to start before that then there are better annuities to meet that goal. 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. 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. This product is designed to deliver strong income and growth potential, along with liquidity. In addition, as annuities and fixed indexed annuities in particular have become more popular over the past several years, more and more insurers are introducing new products out into the marketplace. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. Rather than sending the info back and forth via email, it would be best to discuss by phone. 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. Athene is a leading retirement services company that is dedicated to helping individuals and institutions fund retirement needs. If this is something that would be of interest to you, then please contact us. Jackson National Perspective II Lifeguard Freedom Flex, Independent Review of the Athene Agility 7-Year Fixed Indexed Annuity [Updated December 2020], Athene held nearly $147 billion in total GAAP assets, Athene Balanced Choice Annuity (BCA) Elevate Fixed Indexed Annuity, Athene Ascent 10 Bonus Fixed Index Annuity, Athene Income Select Bonus Fixed Index Annuity, Athene Ascent 10 Bonus 2.0 Fixed Indexed Annuity with Ascent Income Rider Option 1, Athene MaxRate 7 Multi-Year Guarantee Annuity, Athene Ascent Accumulator 10 Fixed Indexed Annuity, Athene Agility 10-Year Fixed Indexed Annuity, Independent Review of the Athene Amplify 2.0 Annuity, Independent Review of the Athene AI Powered US Equity Index, Independent Review of the Athene Nasdaq FC Index, Independent Review of the Athene Balanced Choice Level 10 Annuity, Independent Review of the Athene Ascent Accumulator 10 Fixed Indexed Annuity, Safety of your principal regardless of what occurs in the market, Want penalty-free access to most or all of your money within the first seven full years of purchasing the annuity, Do not intend to use the lifetime income feature of the annuity. 5Beneficiary can elect to receive a lump sum payment of the Accumulated Value or the Benefit Base paid out over a period not to exceed 10 years. It could also be that you have recently attended an annuity seminar where, in return for a free dinner or lunch, the presenter had your attention while he or she described the Athene Agility 7-year fixed indexed annuity. Withdrawals are not credited with index interest in the year they are taken. However, that being said, this annuity could also fall somewhat short if you needed the income to start before 7 years. Allianz: 222 and 360; . Thats where having an Annuity Investigator who loves math comes in. Athene Agility 10. Your email address will not be published. While the Agility annuity is often compared with the Allianz 222 fixed indexed annuity, there are several areas where the Athene product comes out on top. Save my name, email, and website in this browser for the next time I comment. Athene Agility Fixed Indexed Annuity Request Info. Best! The information presented here is not a representation regarding the suitability of any concept or product(s) for an individual and is not intended to be tax or legal advice. Product features, limitations and availability vary; see the Certificates of Disclosure for details. In this case, for instance, there is no added cost for the income rider. 7%. The institutional channel includes reinsurance and group annuity contracts related to pension group annuities. It may even have been your attendance at that event that has led you online, on a quest for more information. 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. Below we will look at the historical rates of return for Agility 10; remember, hypothetical illustrations are not guaranteed. The income payment from this annuity is guaranteed for the annuitants life. Ill wrap up my Athene Agility 10 review with some final thoughts. Another nice aspect is that your 10% no-charge withdrawals can be derived from the initial premium or the account value, whereas with the Allianz 222 Annuity it's only the former. We have heard many advisors say that you could take the free withdrawal from the Allianz 222 for years 8, 9, and 10. 3.25%. That being said, if youve been seeking more in-depth details about the Athene Agility 10 annuity, you have certainly landed in the right place. This provides you with an enhanced Death Benefit. In addition, your benefit base can continue to grow, even after you are turned on the income stream. With Athenes experienced management team, the company has grown from a start-up just a decade ago, to a firm that holds nearly $150 billion in total GAAP assets, more than $117.5 billion in invested assets, and over $13 billion in total equity. Technically you could withdraw your free 10% each year but that would not be using this contract to its full advantage. This is a great option if you are less than 60 years of age and plan to use this annuity as part of your retirement income plan. It is not a recommendation to purchase or to sell an annuity. If you have been thinking about purchasing an annuity so that you can attain tax-deferred growth with your savings, as well as a guaranteed lifetime income in retirement, then the Athene Agility 7-year fixed indexed annuity may be a good choice for you. Athene is driven to deliver innovative fixed and fixed indexed annuities that help you win your market. In addition, the Athene Agility 10 allows free withdrawals of 10% per year based either the initial premium or the account value, whereas the 222 annuity from Allianz only allows you to take out up to 10% based on the initial premium. It has a participation rate and capped index crediting strategies as well as a fixed-interest option. Best, This material is provided by Athene Annuity and Life Company headquartered in West Des Moines, Iowa, which issues annuities in 49 states and D.C., and Athene Annuity & Life Assurance Company of New York headquartered in Pearl River, New York, which issues annuities only in New York. This is because these 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. 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. Especially in light of the fact that the Allianz 222 is oftentimes directly compared to this Athene annuity. We would be happy to help with any of the questions you have regarding the Athene Performance Elite Plus 7. The Lifetime Income Withdrawal amount will be doubled if qualifications are met, and the Accumulated Value is greater than zero. Save my name, email, and website in this browser for the next time I comment.
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