Allianz 222 - ALLIANZ222V2 Allianz 360 - ALLIANZ360V2 Allianz 365i - ALLIANZ365iV2 Allianz Benefit Control Product Training: ABCANNUITY . For a direct comparison of the Allianz 222 annuity versus the Athene Agility 10 annuity, go HERE. The companys investment portfolio is well-diversified with 94% of its fixed maturity securities rated 1 or 2 the highest categories by the NAICs Securities Valuation Office. Rather than sending sensitive personal and financial details back and forth via email, though, it would be best to discuss via phone. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. Variable annuities have these features too, they just don't offer quite as high guarantees as fixed type annuities at this time. My Annuity Store, Inc. All rights reserved. Please update. We look forward to chatting with you. Due to our experience and longevity in this arena, we have become very good at what we do, and weve actually come to be known as a highly trusted source of annuity information online. (And, unlike many fixed indexed annuities, the income rider on the Athene Agility 7 is added at no extra charge). Ill wrap up my Athene Agility 10 review with some final thoughts. . I did notice a possible error. This is much different in contrast to the best-selling 222 which makes the annuity owner wait 10 years prior to turning on lifetime income. You must wait at least 10 years to turn on the lifetime income rider. Athene passes this test with strong financial ratings and comes in #1 in overall index annuity sales in 2020. Product features, limitations and availability vary; see the Certificates of Disclosure for details. If Excess Withdrawals, Withdrawal Charges or Market Value Adjustments (MVAs) reduce the contracts Accumulated Value to zero, your Lifetime Income Withdrawal Payments willstopand the rider will terminate. Enhanced Death Benefit capped at 125% Cash Surrender Value or 250% net premium in AK, HI, NJ, PA, and WA. Over time, the returns will average out to be in the 2-4% range. This includes the good, the bad, and yes, even the ugly. Her goal. In the Allianz 222 Annuity, if you selected monthly sum crediting, you would be credited with a gain of 2.26%. Annuities are distributed by My Annuity Store, Inc. However, we will be in a better position to know that after getting some additional information from you. Reinsurance contracts are entered into with Athene Annuity and Life Company (61689), West Des Moines, IA; Athene Annuity & Life Assurance Company (61492), Wilmington, Delaware; Athene Annuity & Life Assurance Company of New York (68039), Pearl River, NY; and Athene Life Re Ltd., Hamilton, Bermuda. This is an independent Athene Agility 10 review, not a recommendation or solicitation to buy or sell an annuity. 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. There are many different factors that you should consider prior to making a long-term commitment to purchasing an annuity. All Rights Reserved | Privacy Policy, Please be as specific as possible. Athene Agility 10 Crediting Strategies and Rates, Athene Annuity and Life Insurance Company, Annual Point to Point Crediting Method Explained, Nasdaq FC Index (BOFANFCC) | In Athene Annuities, Fixed Index Annuity Gets Artificial Brain | AiPex Index, 10 Best Fixed Index Annuity Companies April 2023, Case Study: North American Income Pay Pro Annuity, 2-Year No Cap Point-to-Point Index Strategy (Par Rate), 1-Year No Cap Point-to-Point Index Strategy (Par Rate), 2-Year Point-to-Point Index Strategy (Cap), 1-Year Point-to-Point Index Strategy (Cap), Uncapped crediting options available on 4 of the indexes, Annual point-to-point and two-year point-to-point options available for diversification, Innovative AiPex, BNPMAD5, and Nasdaq FC Indexes, Athene is a Strong and Financially Stable Insurance Company, All riders are built-in at no cost (no fees), The hypothetical Rate of return on back-testing is not as good as other annuity products, including Athenes own. As with other fixed indexed annuities, the Athene Agility 10 annuity offers the opportunity for market-linked growth, but without worry about losses in a market downturn. 25% Nasdaq 100 Annual Point to Point with 3.25% annual cap. The highest minimum guaranteed return. 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. (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. 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. Enhanced Death BenefitThe Benefit Base is paid out in equal payments over the currently declared Death Benefit Payout Period. MAY ONLY BE OFFERED BY A LICENSED INSURANCE AGENT. Athene MaxRate. We have made the necessary edits to the article. Athene has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. It may even have been your attendance at that event that has led you online, on a quest for more information. Alternatively, this particular annuity may not be an ideal fit for you if you: In order to truly get an idea of whether or not a fixed indexed annuity such as the Agility 7 from Athene is right for you, click here so that you can access our free annuity buyers report. You should always consult your own financial planning, tax, and legal advisors to determine if a fixed annuity, fixed index annuity, immediate annuity, longevity annuity, or Qualified Longevity Annuity Contract is suitable for your financial situation. 6%. Best! This annuity would not be a good fit if you planned to start the lifetime income before 10 years. You can take a closer look at the Athene complaints HERE. 2.5%. Any other good growth and income annuities in the 5 to 8 year time range? This companys life insurance offices are based out of Delaware, Iowa, and New York. First, Allianz 222 Annuity is a fixed index annuity that gives you the potential to earn interest in two different ways: You can earn interest based on your choice of several index options, or you can choose to receive fixed interest. In addition, the Athene Agility allows free withdrawals of 10% per year based on 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. MAY LOSE VALUE. Guarantees are subject to the claims-paying ability of the insurer. All content is for educational purposes only. However, even though this best of all worlds scenario initially seems very appealing, these benefits can also come at a cost. Annuities are subject to the terms and conditions of the specific contract issued by the insurer, are not FDIC or NCUA insured, are not bank guaranteed, may lose value, and are not a deposit. This 10 year fixed index annuity comes with many features built-in for free; however, as great as it is it isnt for everyone. 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. One of the biggest reasons that consumers are so interested in fixed indexed annuities (FIAs) is because they can essentially offer the best of both worldsor at least it can appear that way. And, this income can also rise over time to help you keep pace with the rising cost of goods and services that you need to purchase in retirement. In addition to possible surrender charges, there can also be some other fees involved if you own the Athene Agility fixed indexed annuity. It gives you accumulation potential now (with two ways to get a bonus), 1 plus options to customize your income later. It also offers a built-in death benefit rider at no additional charge. In addition to incurring a surrender charge from Athene, if you make such a withdrawal prior to turning age 59 1/2, then you could also be hit with an additional 10% early withdrawal charge from the IRS. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. All content is for educational purposes only. Therefore, it is really important that you first discuss your needs with an annuity professional who can help you with sorting all of the intricate details. The values show what would happen if the stated index earned indexed interest using current rates for the periods indicated. The even better news is that this isn't the only product that can be used in this manner (e.g., Allianz 222, and Athene Agility). Allianz 222 Fixed Index Annuity Request Info. To check out the Annuity Gators updated review of the Allianz 222 annuity go HERE. These charges are set up as follows: Athene Agility 10 Annuity Surrender Charge Schedule. Just contact us and we will help you review what annuities would be better for income starting earlier. The institutional channel includes reinsurance and group annuity contracts related to pension group annuities. If you want your income to start before that then there are better annuities to meet that goal. 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). Product features, limitations and availability vary; see the Certificates of Disclosure for details. How would you rate your experience using SmartAssets financial advisor matching service so far? Save my name, email, and website in this browser for the next time I comment. 3.75%. All investing involves risk, including loss of principal. 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. Additionally, the Athene Agility 10 has a 10-year contract term and I suggest staying in the 5 to 7-year range for accumulation. We have made the necessary edits to the article. This, however, isnt really all that uncommon, as there are many different annuities, and there many different thoughts about them.
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