This would be 2-4% in todays market. WebThe Athene Performance Elite 10 Plus is a single premium fixed-indexed annuity with a 10 year surrender charge period and a MVA provision. If you own the contract to maturity, they do not apply. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. There are spreads, caps or participation rates that limit how much of the return you receive. 2017-06-05T10:47:29-05:00 OpenType - PS 0000038260 00000 n Premium bonuses range from 0% to 15%, depending on the plan you choose, with free withdrawals beginning as early as year one. Interest credits will never be less than 0%. If you are considering the Performance Elite 10 Plus this might be the most important message you will read. When your annuity matures (on the Annuity Date), Athene Performance Elite gives you options to receive guaranteed lifetime income (called annuitization). OpenType - PS 0000001647 00000 n In fact, this particular annuity is one of the stronger growth focusedannuities on the market. Athene offers a variety of annuity products, whether youre buying as an individual or purchasing through the workplace. You can get your questions answered by booking a brief call with one of our team members. 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. 0000015453 00000 n This index can be used to track a carriers consumer trends and performance over the years. A 10% IRS penalty may apply to withdrawals prior to age 59 . 0000018181 00000 n Know the worst-and best-case scenarios because you are likely to earn something in the middle. Adobe PDF Library 15.0 0 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. 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). 0000006579 00000 n Its also a good idea to lock in the indexes at different times. xmp.did:F77F1174072068118083E0F9596F9B1F The death benefit rider provides you with a benefit base value that grows over time, which is not impacted by your future withdrawals. Athene Performance Elite 10 Plus Rate & Reviews Ashburn Xtreme Tryout Dates Announced for 2022-23 Season. 0000003984 00000 n Request a. Rates effective April 16, 2021 0000013470 00000 n 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. performance 0 Diversify your index annuity into a variety of indexes. 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. Not all annuities are available in all states. (175% versus 150% with Allianz) this can make a very big difference when calculating the lifetime income. Athene Performance Elite 0000006210 00000 n All players will tryout on Saturday April 23rd and Sunday April All of that means that there are powerful growth options that can return market like upside performance without the market risk. This shows that the company consistently performs better than expected. Studies have shown the returns of MYGAs and index annuities to be similar. Gains are linked to a positive change in a market index. 68070_PE7_ProductGuide_0617.indd PDF/X-4 If you are looking for the most retirement income, request an. You are not directly investing in the index. 0000029519 00000 n 2.1 The interest you earn is credited at the end of each Index Term Period. The Athene Performance Elite 10 Plus This waiver only applies after the first contract anniversary has passed. The indexed interest credits should you chose the indexing method. Cancelling or surrendering an annuity is possible, but can be costly. So, how does Athene measure up to some of the best annuity providers? For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356. This assumes you find one of the better products on the market. 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. Elite Prospects - Ashburn Xtreme 16U AA The Athene Performance Elite 7 also pays a first-year premium bonus subject to a Annuity information on this site may not be current or applicable in your state. The minimum withdrawal amount is $500, with the minimum account value being $2000. After the first contract year, a confinement and terminal illness waiver is available for annuity owners who fulfil the requirements. 0000021298 00000 n For different people, there may be very different answers. You could earn slightly less than what fixed annuities pay to slightly more, in our opinion. All Rights reserved, Available in states: Its what you know for sure, that just isnt true. 1 0 obj <>]/Pages 3 0 R/Type/Catalog/ViewerPreferences<>>> endobj 2 0 obj <>stream You should also request a proposal for the worst-case scenario. If you dont need income later, DO NOT pay for an income rider. Early Surrender Charges and Market Value Adjustment (MVA) reduced to 9 years. Athene If you are looking for the highest guaranteed returns, consider a multiple-year guarantee annuity (MYGA) because the rates are guaranteed for the entire term. No Market Value Adjustment (MVA). Performance Elite 10 Plus Reviewed | Annuity Resources Athene Performance Elite WebAthene Performance Elite 10 Athene Performance Elite 10 Athene Performance Elite 10 Plus Free Withdrawal The Free Withdrawal amount is calculated Percentage Schedule 4 Y1 Y2+ Plus Y1 Plus Y2+ by applying the percentage shown to the Accumulated Value as of the previous contract anniversary. jX$)6P\[_. You are not directly participating in the market. Tryouts will run over three days only. AvenirNextLTPro-Regular License 6003435. Enhanced Participation Trade-Offto 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. 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. 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). Timezone Please choose an optionHST Hawaii Standard Time GMT-10:00AST Alaska Standard Time GMT-9:00PST Pacific Standard Time GMT-8:00MST Mountain Standard Time GMT-7:00CST Central Standard Time GMT-6:00EST Eastern Standard Time GMT-5:00. In 2020, Athene scored a 0.34, and in 2019, a 0.51. The products surrender schedule is below. In exchange for this protection, indexed crediting strategies limit the interest rate you can receive. By submitting this form, you allow us to contact you and agree to our Privacy Policy. These options can be based on a set period of time, your lifetime, or the lifetimes of your and your Joint Annuitant. You dont get something for nothing. Athene Performance Elite 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. The indexes available for the product are listed below. We use cookies to improve our service, track analytics, remember preferences, etc. 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. Systematic withdrawals available on a monthly, quarterly, semi-yearly, or yearly frequency. Dont blindly trust a commission drive agent. Request a. Ashburn Xtreme Tryout Dates Announced for 2022-23 Season. Your money is not directly exposed to the risks of the stock market or individual stocks. Currently, Athene holds an A (Excellent) rating from AM Best, which is the third-highest possible score. Power Finds.". 0000006799 00000 n Performance Elite He has held positions in, and has deep experience with, expense auditing, personal finance, real estate, as well as fact checking & editing. Athene Life Insurance Review If you request an index annuity proposal, we will send you information on what we feel are the best products available. 192067761 Below is the Surrender Charge schedule for Athene Performance Elite 7 Fixed Indexed Annuity. Avenir Next LT Pro Not available in: AK, CT, DE, ID, MN, NV, NJ, NY, OH, OK, OR, PA, SC, TX, UT and WA 0000010262 00000 n Some index annuities have caps that limit their gains. Ryan Eichler holds a B.S.B.A with a concentration in Finance from Boston University. Please contact us to receive the latest brochure. 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). Withdrawal charges are waived due to confinement and/or terminal illness, and the policys included death benefit provides your beneficiaries with the greater of either the accumulated value or the minimum guaranteed contract value. I would like to receive future communications, I confirm that I am at least 16 years of age or older. To receive the Confinement Waiver, you cannot be confined at the time your contract is issued and confinement must begin at least one year after the Contract Date. 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. An Athene Performance Elite 15 fixed indexed annuity may be right for you if you want. Athene Annuity & Life Company is rated A by A.M. Best, was founded in 1896, and has over $76.2 billion in total assets. Adobe InDesign CC 2017 (Macintosh) 417233541 You can reallocate available funds at the end of each crediting period. Earn a 10-15% Bonus. Today, the company boasts more than $236.7 billion in assets. This product has a 10 Years term. Linotype AG Athene Has an insurance agent sent you a proposal that seems too good to be true? Hypothetical illustrations are often the best-case scenario. Performance Elite 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. 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. Athene declares the guaranteed rate for this strategy each Contract Year. Information presented on this website is not intended as tax or legal advice. 0000026886 00000 n We also reference original research from other reputable publishers where appropriate. Athene Performance Elite Annuities Include: Athene Performance Elite Athene Performance Elite Plus Premium Bonus Athene Life Insuranceis also an inexpensive way to leave a death benefit to beneficiaries. Accumulated Value with no surrender charges, (ii) the Minimum Guaranteed Contract Value or (iii) the Return of Premium Benefit (if applicable). This annuity also waives withdrawal penalties upon death. In the 2021 Individual Annuity Study, Athene ranked seventh among twelve annuities carriers, according to factors such as customer satisfaction, products, pricing, and availability. 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. There is a premium bonus of 3% and the earliest you can elect lifetime income is age 50. 0 Athene Performance Elite 15 Annuity (Up To 9% Bonus) 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. Fidelity also offers a deferred annuity product with a minimum investment of just $5,000, but Athenes lowest option is $10,000. "Athene Ann & Life Co National Complaint Index Report. You can review our list of the best life insurance companies for what we think are better options. Available in all 50 states and Washington, D.C. 2023 Annuity Educator. Product availability varies based on the state you live. Athene Annuity & Life Companyis rated A by A.M. Best, was founded in 1896, and has over $76.2 billion in total assets. 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). 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. 0000025431 00000 n The following teams will be selected after the second tryout (April 24th), with player notification and roster posting on Monday April 25th. Make your money work for the long term. 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
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