Established indexes are safer and more likely to generate better returns. Expect to earn 1-2% more than the average rate of a 1-year fixed annuity. Over time, the returns will average out to be in the 2-4% range. The Athene Performance Elite comes in two variations - one with a fee, and one without a fee. The Performance Elite 10 Plus annuity is a fixed indexed annuity. Athene Performance Elite 7 Athene Performance Elite 7 Plus Ownership Qualified3 must be single ownership Nonqualified joint ownership available Premiums (Single premium only) Minimum $10,000 Maximum $1,000,000 (larger amounts may be accepted with company approval) Withdrawal Charge Rate Schedule4 Contract Yr Charge 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. 2.1 By using our site, you consent to these cookies. Maximum single premium is $1,000,000. ;F0T 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. Avenir Next LT Pro The "S&P 500" is a product of S&P Dow Jones Indices LLC, a division of S&P Accumulated Value with no surrender charges, (ii) the Minimum Guaranteed Contract Value or (iii) the Return of Premium Benefit (if applicable). phone call with one of our specialists, and they can help. If an insurance company gives you a bonus, they will reduce other benefits of the contract (ex. 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). Optional Riders:Elite Plus Version includes enhanced liquidity, Return of Premium, and Bonus Options for a .95% rider charge. Access to 20% free withdrawal if no withdrawal taken prior year (included in .95% rider charge on Plus version). 1.00 We do business as Annuity Resources Insurance Services in CA. 0000014253 00000 n Avenir Next LT Pro 0000008437 00000 n 0000101474 00000 n Requiring a lump-sum, single premium payment up front, the Athene SPIA plan helps financially protect your future retirement from day one. 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. You may also be subject to surrender fees for canceling your contract ahead of schedule. For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356. In 2021, Athene Annuity & Life Company received an overall NAIC complaint index of 0.10, well below the 1.0 average. Its free money. WebThe Athene Performance Elite 10 Plus is a single premium fixed-indexed annuity with a 10 year surrender charge period and a MVA provision. Want our recommendation? Your email address will not be published. DISCLAIMER: The information on this website is for educational purposes only. 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. 0000023134 00000 n Elite Wellness is a Performance and Recovery center in Ashburn, 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. Annuities can be fixed or variable in nature and can be owned by a single person or owned jointly with a spouse. 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. License 6003435. The simple interest credits 3. Surrender charges may apply to withdrawals during the surrender period. Linotype AG PY^h.MO*Nw WebThe Athene Performance Elite Plus annuity includes a Liquidity Rider, for an annual charge, that gives you additional flexibility should the need arise. according 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. We also analyze each carriers third-party and consumer reviews, looking at their reliability, reputation, and seeking out certain trends that might exist. Returns are linked to a positive performance in an external index. 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. Required fields are marked *. We also reference original research from other reputable publishers where appropriate. 192067761 %PDF-1.4 % After annuitization, payments will be consistent with the settlement option selected made payable to your named beneficiary. Do not trust anyone that tells you otherwise. Get a second opinion. If a company pays a bonus, they typically take away some of the upside potential by lowering the cap. 2017-06-05T10:47:28-05:00 0000053425 00000 n Required Minimum Distributions (RMDs) are IRS mandatory withdrawals required with qualified contracts (such as an IRA ). This annuity comes with a Liquidity Rider, which enhances your flexibility with regards to withdrawals and collecting money when you may need it most. 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. I would not expect anything more than this over a more extended period. 0000016432 00000 n 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. 0 Athene sells fixed and lump-sum annuities in all 50 states, as well as Washington, D.C., and Puerto Rico. 0000022053 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. 2017-06-05T10:47:29-05:00 hb```b``sa`c` @16%c]ILfu)#i*m-gyNg-s ti*+$ 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. Do not invest money you might need to live on. startxref 0000020605 00000 n Calls usually last 5-20 minutes, and we promise to not bug you afterward. 536 were here. 0000026886 00000 n Athene declares the caps, annual spreads, and participation rates at the end of each term period. 0000017480 00000 n Find highest lifetime income payments and cover your retirement income gap today. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Studies have shown the returns of MYGAs and index annuities to be similar. 0000015368 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. 0 The guaranteed death benefit, if you were to pass away, can be paid out to your beneficiaries as either a lump sum or as a multiple-year installment payout. 0 While some annuities allow for a single lump-sum payment, others expect you to also continue making regular contributions. the Performance Elite is a growth focused annuity with no lifetime income rider options. 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 financial strength rating gives consumers a good idea of the companys overall stability and projected strength. OpenType - PS 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. Linotype AG 0 Make sure you are comfortable with committing your money for this period. 0000000016 00000 n 0000005797 00000 n They may offer an annuity to you for sale. Power Finds. 0000002064 00000 n Youre also guaranteed to never earn less than 0% interest. Dont blindly trust a commission drive agent. Avenir Next LT Pro Your money is not directly exposed to the risks of the stock market or individual stocks. 2 Because the index applies a volatility control mechanism, the range of both the positive and negative performance of the index is limited. 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 annuity contract has a formula that decides how much of the gain of an index you receive. Capped annuities are more likely to outperform uncapped products when the stock market is weaker. Annuity information on this site may not be current or applicable in your state. 0000004855 00000 n Linotype AG 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. Adobe InDesign CC 2017 (Macintosh) The minimum premium is $10,000 with an accumulation period of at least 20 years or until the lifetime income withdrawals begin. Its important that you talk to a financial advisor to confirm the issue age and other state-specific details if youre interested in purchasing this annuity product. Uncapped annuities have spreads or participation rates that limit their upside potential. You also might be charged a market value adjustment on early withdrawals. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. If you are considering the Performance Elite 10 Plus this might be the most important message you will read. You have the potential to earn interest credits that are based in part on the growth of the market index. This website is not intended to be a recommendation for you to purchase an annuity. For CA: Upfront Bonus reduced to 12.00%. With indexed crediting strategies, you receive interest credits that are linked in part to the performance of external market indices. 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. Do you like bank CDs, bonds, and other types of fixed income? The Athene Performance Elite Plus 10 is a deferred fixed indexed annuity issued by Athene Annuity & Life Company. 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. 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. Any interest earned is credited at the end of the crediting period. Product availability varies based on the state you live. 0000006298 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. After the first contract year, a confinement and terminal illness waiver is available for annuity owners who fulfil the requirements. Not available in: AK, CT, DE, ID, MN, NV, NJ, NY, OH, OK, OR, PA, SC, TX, UT and WA False There are three Athene MaxRate annuities to choose from: the MaxRate 3, which is available to issues ages 0 to 85, and the MaxRate 5 or MaxRate 7, both available to issue ages 0 to 83. Investopedia requires writers to use primary sources to support their work. This index can be used to track a carriers consumer trends and performance over the years. They allow you to capture some of the growth of a market index while having 100% downside protection. Schedule a Call; Quick links. The indexed interest credits should you chose the indexing method. The Athene Performance Elite Plus 10 is a deferred fixed indexed annuity issued by Athene Annuity & Life Company. This annuity offers 10.00% as an upfront bonus. Their products are sold through various marketing organizations and institutions. The Athene Ascent Pro 10 Bonus is a fixed annuity product with an issue age of 35 to 80. Linotype AG The products surrender schedule is below. They compete with bonds, CDs, and other safer investments. 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. Athene Performance Elite 10 and 15 annuities allow up to 5% beginning in the second Contract Year. The materials, names, logos, brochures, etc used in our annuity reviews are property of their owners and not those of AnnuityResources.com. He has held positions in, and has deep experience with, expense auditing, personal finance, real estate, as well as fact checking & editing. This shows that the company consistently performs better than expected. This waiver only applies after the first contract anniversary has passed. The Athene Performance Elite annuities include a Death Benefit. This rider facilitates enhanced with withdrawal amounts, enhanced annuitizaton and a return of premium benefit. 0 Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below. AvenirNextLTPro-Regular Ryan Eichler holds a B.S.B.A with a concentration in Finance from Boston University. The Athene Performance Elite 7 also pays a first-year premium bonus subject to a Dont take an agents word for it. There is a premium bonus of 3% and the earliest you can elect lifetime income is age 50. Because MYGA rates change daily, Annuity.org and its partner Senior Market Sales update the following tables frequently. 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. 0000099371 00000 n 0000031939 00000 n Athenes PE Plus 15 annuity has an automatically pegged Liquidity Rider that attracts a small annual fee. Earn a guaranteed 7-9% returns. False. All Rights reserved, Available in states: Subscribe to our newsletter and receive our top picks every month. You dont earn a guaranteed 7%-9% return when CDs, bonds, and fixed income earn less than 4%. 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. Here is the truth. WebThe 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. The Premium Bonus Vesting Adjustment is a percentage of the annuitys Premium Bonus and any earnings on the Premium Bonus. In New York, contracts are issued by Athene Annuity & Life Assurance Company of New York. Not all annuities are available in all states. 119 0 obj<>stream When your annuity matures (on the Annuity Date), Athene Performance Elite gives you options to receive guaranteed lifetime income (called annuitization). 0000003070 00000 n 4178673307 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. 83 37 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. Penalty Free Full Withdrawal Window Available After: 10 years. You also might be charged a market value adjustment on early withdrawals. 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. 0000005531 00000 n These include white papers, government data, original reporting, and interviews with industry experts. 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. You can reallocate available funds at the end of each crediting period. 0 Dont be misled by an annuity salesman trying to earn a big commission. 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. 68070_PE7_ProductGuide_0617.indd Today, Athene sells both individual and group annuities to consumers across the United States and U.S. territories. 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. No Withdrawal Charges, Premium We understand annuities can be confusing and that you might have questions. Weve compared them to Fidelity, a top-rated annuity company, to help you better decide. Request a. 0000007385 00000 n BY JEREMIAH KONGER, September 10th, 202011:00 AM, IncludedRiders:Confinement Waiver of Withdrawal Charges (No Fee);Terminal Illness Waiver of Withdrawal Charges (No Fee). 0000006210 00000 n 0000018755 00000 n For different people, there may be very different answers. WebThe Athene Performance Elite Plus annuity includes a Liquidity Rider, for an annual charge, that gives you additional flexibility should the need arise. Issues ages for the Elite 7 series are 0 through 83, Elite 10 series are 0 to 78, and Elite 15 series are 0 to 73. The Death Benefit will be paid as long as you havent annuitized your contract. AvenirNextLTPro-Demi Accumulated Value with no surrender charges, (ii) the Minimum Guaranteed Contract Value or (iii) the Return of Premium Benefit (if applicable). Register on or before April 15th to get the early bird registration fee. In 2020, Athene scored a 0.34, and in 2019, a 0.51. Gains are linked to a positive change in a market index. WebThe Athene Performance Elite 10 is a single premium fixed-indexed annuity with a 10 year surrender charge period and a MVA provision. 2023 Annuity Educator. Earn a 10-15% Bonus. 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. 0000029519 00000 n Athene annuities provide annual free withdrawal privileges. Bonus Vesting Percentage Schedule, and Annual Rider Charge Rate. 2.1 0000003746 00000 n Because when it comes to index annuities, its not what you know that gets you into trouble. State variations, age restrictions and holding periods may apply. When it comes to properly gauging the reliability and service of a carrier, third-party ratings can be very valuable. Request a. All three provide guaranteed asset growth, with either a 3-, 5-, or 7-year fixed strategy rate on the initial premium (depending on which plan you choose) and a 1-year fixed strategy rate on additional premiums and the end of contract term. Well answer any questions you have and respect your time. Avenir Next LT Pro 0000028258 00000 n Copyright 2023 Annuity Resources, LLC - All rights reserved. This product has a 10 Years term. Tryout for a Team; Showcase Teams; National & Jr National Teams; Local AAU Teams; Summer League; jrNBA Annuities work a bit differently than life insurance policies, in that the vast majority of them do not require underwriting. 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. Fidelity also offers a deferred annuity product with a minimum investment of just $5,000, but Athenes lowest option is $10,000. If you own the contract to maturity, they do not apply. Linotype AG Elite Plus Version includes enhanced liquidity, Return of Premium, and Bonus Options for a .95% rider charge. 2017-06-05T10:47:29-05:00 0000025959 00000 n 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. If interest rates have decreased by more than 0.25%, the MVA will be positive. 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. This annuity also waives withdrawal penalties upon death. Another trusted third-party rating comes from J.D. 0000038260 00000 n You are watching the market, and a formula decides how much gain of the index you receive. %%EOF You are not directly investing in the index. You receive some of the upside and none of the downside. 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). So, how does Athene measure up to some of the best annuity providers? 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). When you contact us you may speak with a licensed insurance agent in your state. / 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. 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. Minimum single premium is $25, 000. The indexes available for the product are listed below. 0000089601 00000 n Athene is also a newer company, founded in just 2009, while Fidelity has a history that stretches back to 1946. Read our. Athene Annuity & Life Company - View Details. 0000048658 00000 n A market value adjustment is basically an additional charge or credit for taking money out early from an annuity. 0000101840 00000 n 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. proof:pdf Athene Performance Elite 15 annuity allows up to 5% beginning in the second Contract Year. They dont have the upside or downside of the market. The Performance Elite 10 Plus is a fixed indexed annuity. 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).
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