Weve compared them to Fidelity, a top-rated annuity company, to help you better decide. Issue ages range from 0 to 85, depending on the product chosen. They allow companies to pay a higher rate and make longer-term investments. 2017-06-05T10:47:28-05:00 These annuities, which are offered in all 50 states, can be used to help protect your assets in retirement and ensure that you dont outlive your savings. If interest rates have decreased by more than 0.25%, the MVA will be positive. Request a. 0000031939 00000 n For FL: Upfront Bonus reduced to 13.00% for issue ages 65-78. They dont have the upside or downside of the market. AvenirNextLTPro-Demi We focus on selling MYGAs, SPIAs, and DIAs and refer those interested in other types of annuities to other insurance agencies when possible. 0000024129 00000 n 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. "Athene Ann & Life Co National Complaint Index Report. 0000001647 00000 n Would you like to know how the Performance Elite 10 Plus compares to the best Index annuities on the market? He has held positions in, and has deep experience with, expense auditing, personal finance, real estate, as well as fact checking & editing. Depending on the annuity you choose, there are a few different rider options available, some of which are included at no extra charge. We guarantee you will not lose money due to market risk or losses. 0000027283 00000 n Performance Elite The interest you earn is credited at the end of each Index Term Period. Learn more. 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. Penalty Free Full Withdrawal Window Available After: 10 years. Cancelling or surrendering an annuity is possible, but can be costly. trailer 0000028258 00000 n 0000038260 00000 n 0000013035 00000 n 0000025431 00000 n 0 If you own the contract to maturity, they do not apply. Find highest lifetime income payments and cover your retirement income gap today. 1 0 obj <>]/Pages 3 0 R/Type/Catalog/ViewerPreferences<>>> endobj 2 0 obj <>stream Flexible premiums are not accepted. 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. You should also request a proposal for the worst-case scenario. No Lifetime Income Ridersthe Performance Elite is a growth focused annuity with no lifetime income rider options. Athenes PE Plus 15 annuity has an automatically pegged Liquidity Rider that attracts a small annual fee. The Athene Performance Elite Plus 10 is a deferred fixed indexed annuity issued by Athene Annuity & Life Company. Is the pain of losing money greater than the pleasure of winning? The Athene PE Plus 15 annuity as not available in CT, CA, PA, NY, UT, PR, WA, and VI as of May 2017. Fixed Index Annuity Comparisons 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. 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. No Market Value Adjustment (MVA). Read our. Athene 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. By submitting this form, you allow us to contact you and agree to our Privacy Policy. Annuities are not offered by the US Government, not government-guaranteed, and are not FDIC insured. 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 is also a newer company, founded in just 2009, while Fidelity has a history that stretches back to 1946. 0000089601 00000 n They were introduced in 1995 to compete with bank CDs. 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. The Athene Performance Elite 10 Plus 0000001638 00000 n Individual and group annuities that help protect your assets in retirement. So, how does Athene measure up to some of the best annuity providers? Industry Leading Participation Rates195% Participation Rates on the BNP Paribas Multi-Asset Index make this annuity one of the top safe growth Fixed Index Annuities on the market. Our goal is to be brutally honest with you about what to expect. We also analyze each carriers third-party and consumer reviews, looking at their reliability, reputation, and seeking out certain trends that might exist. Rates effective April 16, 2021 If an insurance company gives you a bonus, they will reduce other benefits of the contract (ex. xmp.iid:4d8738e8-cc72-4744-ab75-a6c3cf2ca89f You can reallocate available funds at the end of each crediting period. 3896682134 *Y%q W7\i m)(Qw{|#Wt^%t7 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. Optional Riders:Elite Plus Version includes enhanced liquidity, Return of Premium, and Bonus Options for a .95% rider charge. Linotype AG 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). Earn a 10-15% Bonus. Know how the return is calculated. This product has a 10 Years term. 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. The primary purpose of Athene Performance Elite 15 fixed indexed annuities is to help you accumulate money for retirement. 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. Unbiased Review - Athene Performance Elite Athene Life Insurance Review 0000013851 00000 n Web6 After the fourth contract year, the Cash Surrender Value will never be less than the premium minus premium taxes (if applicable) and prior withdrawals, including Withdrawal Charges, Premium Bonus Vesting Adjustment and If you are looking for the highest guaranteed returns, consider a multiple-year guarantee annuity (MYGA) because the rates are guaranteed for the entire term. WebThe products surrender schedule is below. It also provides beneficiaries with two different payout options if you pass away. Uncapped index annuities might earn 3-5% (1-2% more) than capped annuities. https://www.youtube.com/watch?v=uv3qXK2eU6U. the Performance Elite is a growth focused annuity with no lifetime income rider options. Do not buy an annuity solely for the bonus. The annuity contract has a formula that decides how much of the gain of an index you receive. proof:pdf 0000034932 00000 n Personal, Traditional IRA, Roth IRA, SEP-IRA, SIMPLE-IRA, 403(b). However, Athene takes additional premium payments during the first contract year. You can get your questions answered by booking a brief call with one of our team members. The initial premium you put in plus any bonus money 2. They want to be a leader in the fixed annuity marketplace. 0000012912 00000 n Calculators; Income Annuity Quote; Annuity Rates; Annuity Companies; Financial Ratings; Licenses; Terms; Index annuities are fixed annuities that deliver fixed income type of returns. You could receive 15% one year and 0% for 2 other years. The simple interest credits 3. 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. AvenirNextLTPro-Regular WebAthene Performance Elite 15 Athene Performance Elite 15 Plus Enhanced Free Withdrawals (Plus only) The free withdrawal amount is increased to 10% per year and may be taken as early as the first contract year. Its also a good idea to lock in the indexes at different times. Uncapped annuities have spreads or participation rates that limit their upside potential. These charges do not apply to free withdrawals, RMDs, payments made in settlement of your annuitys Death Benefit or Confinement, and Terminal Illness waivers. You can lose money in two ways. Annuity Broker can help you compare the current market leading annuities, and make an informed choice based on your needs. WebAthene Performance Elite 15 is a single-premium, fixed indexed annuity that has a 15-year surrender charge duration, and a provision for market value adjustment. startxref The OpenType - PS 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. The more your annuity grows, the more those riders will cost you year over year. $ 10,000.00. For MA: Confinement penalty waiver not available. OpenType - PS Its NOT a real return. Upfront bonuses are frequently subject to a vesting schedule. from application/x-indesign to application/pdf The minimum premium is $10,000, and plans offer either single or joint life benefits, which can begin immediately. We do business as Annuity Resources Insurance Services in CA. Performance Elite Brochure Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below. Surrender charges may apply to withdrawals during the surrender period. With indexed crediting strategies, you receive interest credits that are linked in part to the performance of external market indices. It does NOT compete with the stock market. converted Schedule a Call; Quick links. Avenir Next LT Pro You may choose a combination of the following indexes. 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. 192067761 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. All players will tryout on Saturday April 23rd and Sunday April Ryan Eichler holds a B.S.B.A with a concentration in Finance from Boston University. 0000008130 00000 n The Death Benefit will be paid as long as you havent annuitized your contract. 0000000016 00000 n 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. The indexed interest credits should you chose the indexing method. We want you to have realistic expectations, so you wont be disappointed later. WebPerformance Elite 7 Base Plus Ownership Qualified2 must be single ownership Nonqualified joint ownership available Premiums Single premium only: Minimum The Performance Elite 10 Plus annuity is a fixed indexed annuity. 0000021298 00000 n 10% Annual (Elite 7)Enhanced Liquidity up to 20% available in Plus version. In 2021, Athene Annuity & Life Company received an overall NAIC complaint index of 0.10, well below the 1.0 average. Avenir Next LT Pro 2 The Index All of that means that there are powerful growth options that can return market like upside performance without the market risk. Linotype AG Adobe InDesign CC 2017 (Macintosh) 10 tips you should know if you are considering the Performance Elite 10 Plus, how an insurance agent might try to sell you an Index annuity, what is a realistic return for an index annuity. There are many types of annuities that can help you reach your financial goals, and the Athene Performance Elite Fixed IndexAnnuity is on that list. 0000007385 00000 n 417233541 2.00 0000015368 00000 n AvenirNextLTPro-LightCn The Performance Elite 10 Plus is a fixed indexed annuity. If diagnosed with a terminal illness and given a year or less to live, the terminal illness waiver allows annuitants to withdraw up to 100% of the annuitys accumulated value without penalty or fee. Rates are based on current interest rates and are subject to change at any time. The bonus and any earnings on the bonus are subject to a Premium Bonus Vesting Adjustment. Power Finds.". When your full premium deposit is allocated to the fixed interest account, the current first year yield (including bonus if applicable) is 19.07% (see Rate Details below). The Athene Performance Elite annuities include a Premium Bonus that is credited at issue and provides an immediate increase to your annuitys Accumulated Value. Athene declares the guaranteed rate for this strategy each Contract Year. In 2020, Athene scored a 0.34, and in 2019, a 0.51. Athene Performance Elite Plus 10 also provides an enhanced Premium Bonus, which will give an immediate increase to your annuitys Accumulated Value. 2.1 Today, Athene sells both individual and group annuities to consumers across the United States and U.S. territories. 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. Surrender Schedule: 7yrs/10yrs/15yrs Included Riders: Confinement Waiver of Withdrawal Charges (No Fee); Terminal Illness Waiver of Withdrawal Charges (No Fee) Athene Life Insurance Review 4240935107 2.1 Capped annuities are more likely to outperform uncapped products when the stock market is weaker. Cap rates) and extend the term. Free Withdrawals Rollover Free Return of Premium Available in all 50 states and Washington, D.C. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. This website is not intended to be a recommendation for you to purchase an annuity. 0000016432 00000 n A 10% IRS penalty may apply to withdrawals prior to age 59 . 0000006914 00000 n 0000001236 00000 n 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. The materials, names, logos, brochures, etc used in our annuity reviews are property of their owners and not those of AnnuityResources.com. Premium bonuses range from 0% to 15%, depending on the plan you choose, with free withdrawals beginning as early as year one. Access to 20% free withdrawal if no withdrawal taken prior year (included in .95% rider charge on Plus version). Athene Performance Elite annuities are designed to help meet your long-term savings and retirement needs. 0000020674 00000 n 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. Currently, Athene holds an A (Excellent) rating from AM Best, which is the third-highest possible score. 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. DISCLAIMER: The information on this website is for educational purposes only. 4178673307 Interest credits will never be less than 0%. WebThe Athene Performance Elite Plus annuity includes a Liquidity Rider, for an annual charge, that gives you additional flexibility should the need arise. Do not trust anyone who suggests you will earn significantly higher returns than what we have disclosed in this section. Annuities are distributed by Annuity Resources, LLC. 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. Amount +/- will not exceed withdrawal charge. 0000002099 00000 n Athene feels they have an entrepreneurial spirit and are led by a management team with over 165 years experience. Each year, the National Association of Insurance Commissioners (NAIC) issues carriers a complaint index. . 0000016727 00000 n 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. 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. A Market Value Adjustment applies to withdrawals in excess of the free withdrawal amount and full surrenders during the Withdrawal Charge period. You could earn slightly less than what fixed annuities pay to slightly more, in our opinion. Fixed Account Guaranteed Minimum Interest Rate: Index Accounts - Annual Cap and Participation Rates: Any Index - Highest Participation Rate (WITH Charge/Fee): Any Index - Highest Participation Rate (NO Charge/Fee): S&P 500 - Point-to-Point Cap (WITH Charge/Fee): S&P 500 - Point-to-Point Cap (NO Charge/Fee). (In New York, beneficiaries will receive the full accumulated value.). Not all annuities are available in all states. 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. 1346 47 Minimum single premium is $25, 000. In New York, contracts are issued by Athene Annuity & Life Assurance Company of New York. Athene Performance Elite Annuities Include: Athene Performance Elite Athene Performance Elite Plus Premium Bonus The Performance Elite 10 Plus competes with bank CDs, bonds, and other fixed-income products. These fancy new indexes have not been tested in the real world. There are six different Performance Elite annuity options through Athene: Elite 7, Elite 7 Plus, Elite 10, Elite 10 Plus, Elite 15, and Elite 15 Plus. 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). 0000015871 00000 n 417233541 The Performance Elite Plus 15 is a single-premium, fixed indexed annuity product that offers a provision for market value adjustment, and a 15-year surrender charge duration. 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 Athene Performance Elite 10 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. Athene Performance Elite 10 Plus Rate & Reviews 0000019781 00000 n Its a fictional number which you cant withdraw lump sum, transfer out, or live on the interest. Youve worked hard and deserve someone you can trust. Returns are linked to a positive performance in an external index. The death benefit rider provides you with a benefit base value that grows over time, which is not impacted by your future withdrawals. This would be 2-4% in todays market. performance <]>> Athene Linotype AG 0000029269 00000 n Index annuities and variable annuities pay the highest commissions to insurance agents. They allow you to capture some of the growth of a market index while having 100% downside protection. Withdrawals are not credited with index interest in the year they are taken. Its free money. 1346 0 obj <> endobj xref If you request an index annuity proposal, we will send you information on what we feel are the best products available. Annuity information on this site may not be current or applicable in your state. Athene Athene has the right to change the terms of their index annuity at any time. Product Guide Rates effective June 12, 2017 %%EOF 2017-06-05T10:47:29-05:00 You Can! "Annuity Providers Become Key Drivers of Satisfaction as Customers Adopt Digital Channels, J.D. So you want to do your homework! xmp.did:F77F1174072068118083E0F9596F9B1F NAIC. In exchange for this protection, indexed crediting strategies limit the interest rate you can receive. Like traditional fixed annuities, MYGAs are subject to fees called surrender charges, which an annuity holder must pay if he or she withdraws money from an annuity before the specified time period is over. This annuity offers 16.00% as an upfront bonus. Elite Prospects - Ashburn Xtreme 16U AA Guaranteed annuity periods are 5, 10, 15, or 20 years. WebThe Income Base (as defined by Athene) is made up of three things: 1. ", AM Best. %PDF-1.4 % Do not invest money you might need to live on. 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.
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