Athene Performance Elite 10 and 15 annuities allow up to 5% beginning in the second Contract Year. 0000001567 00000 n 0000001638 00000 n 0000006298 00000 n This product has a 10 Years term. Look for products with a short surrender period and no In exchange for this protection, indexed crediting strategies limit the interest rate you can receive. Adobe InDesign CC 2017 (Macintosh) Strategy Charges: 1.75% Optional(Higher Participation Rates), Free Withdrawal: 5% Annual (Elite 10 & 15). Your email address will not be published. (In New York, beneficiaries will receive the full accumulated value.). 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. Annuity information on this site may not be current or applicable in your state. By submitting this form, you allow us to contact you and agree to our Privacy Policy. Athene Performance Elite 15 annuity allows up to 5% beginning in the second Contract Year. Athene Annuity & Life Company is rated A by A.M. Best, was founded in 1896, and has over $76.2 billion in total assets. $ 10,000.00. 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. 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. Flexible premiums are not accepted. 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. Withdrawals are not credited with index interest in the year they are taken. Earn a 10-15% Bonus. We independently evaluate all recommended products and services. "AM Best Affirms Credit Ratings of Athene Holding Ltd. and Its Subsidiaries; Assigns Credit Ratings to Athene Annuity Re Ltd.", J.D. 0000003091 00000 n Linotype AG MVAs only affect you if you withdraw funds early. Today, Athene sells both individual and group annuities to consumers across the United States and U.S. territories. 0000001647 00000 n The Premium Bonus Vesting Adjustment is a percentage of the annuitys Premium Bonus and any earnings on the Premium Bonus. 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. 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. For CA: Upfront Bonus reduced to 12.00%. 0000015368 00000 n The interest credited to the Performance Elite 10 Plus annuity is linked to the performance of the indexes you choose. The death benefit rider provides you with a benefit base value that grows over time, which is not impacted by your future withdrawals. 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. Its what you know for sure, that just isnt true. If you request an index annuity proposal, we will send you information on what we feel are the best products available. 2017-06-05T10:47:28-05:00 Please contact us to receive the latest brochure. Elite Plus Version includes enhanced liquidity, Return of Premium, and Bonus Options for a .95% rider charge. 0000029269 00000 n Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. 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. 3896682134 The Athene Ascent Pro 10 Bonus is a fixed annuity product with an issue age of 35 to 80. 0000007385 00000 n 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. Some first year yields/rates reflect the fixed rate plus a premium bonus or interest rate enhancement. 0000015871 00000 n Because MYGA rates change daily, Annuity.org and its partner Senior Market Sales update the following tables frequently. 0000004855 00000 n Over time, the returns will average out to be in the 2-4% range. They want to be a leader in the fixed annuity marketplace. The indexed interest credits should you chose the indexing method. Annuity Resources, LLC is a licensed fixed annuity producer in most states. 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. If interest rates have decreased by more than 0.25%, the MVA will be positive. Power, a trusted name in customer satisfaction studies. Uncapped annuities have spreads or participation rates that limit their upside potential. No Withdrawal Charges, Premium Athene feels they have an entrepreneurial spirit and are led by a management team with over 165 years experience. The Performance Elite 10 Plus annuity is a fixed indexed annuity. The Athene Performance Elite 10 Plus 0000003070 00000 n 0000005797 00000 n 0000008130 00000 n xmp.did:F77F1174072068118083E0F9596F9B1F Studies have shown the returns of MYGAs and index annuities to be similar. We use cookies to improve our service, track analytics, remember preferences, etc. MVA is not applicable in all states. Strategies are methods used to calculate how much interest, if any, will be credited to your annuity. Depending on the type of annuity you have, the riders youve chosen, and how long youve held the plan, there can be notable penalties and withdrawal fees. A newer company, Athene was founded in 2009 in the wake of the financial crisis at that time. 0000016727 00000 n 0000001846 00000 n In 2021, Athene Annuity & Life Company received an overall NAIC complaint index of 0.10, well below the 1.0 average. Index annuities are fixed annuities that deliver fixed income type of returns. OpenType - PS Power Finds. 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. 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. 192067761 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. I will show you a clients statement who earned 14% without risk. This is misleading because over the product term you are likely to earn 2-4% per year. All players will tryout on Saturday April 23rd and Sunday April Investopedia requires writers to use primary sources to support their work. After annuitization, payments will be consistent with the settlement option selected made payable to your named beneficiary. In most states, the issue age is 0-73 years. Our goal is to be brutally honest with you about what to expect. These options can be based on a set period of time, your lifetime, or the lifetimes of your and your Joint Annuitant. 2.1 trailer <]/Prev 222282/XRefStm 1638>> startxref 0 %%EOF 1392 0 obj <>stream Book a 15-minute, Income riders cost real money and lower your principal balance. For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356. 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. WebThe Income Base (as defined by Athene) is made up of three things: 1. 0 Linotype AG WebPerformance Elite 7 Base Plus Ownership Qualified2 must be single ownership Nonqualified joint ownership available Premiums Single premium only: Minimum Would you like to know how the Performance Elite 10 Plus compares to the best Index annuities on the market? 2.1 %PDF-1.4 % 0000002099 00000 n Stephanie is an expert on insurance and small business. Athene is also a newer company, founded in just 2009, while Fidelity has a history that stretches back to 1946. Just how much growth is available with the Athene Performance Elite Fixed Index Annuity? 0000004257 00000 n All tryouts to take place at the Ashburn Ice House, 21595 Smith Switch Rd., Ashburn, VA 20147, Please contact Xtreme Executive Director Gary Pouliot at axhc11@gmail.com or, Xtreme Hockey Director Troy MacCormick at tmaccormick@ashburnice.com, Copyright 2021 Ashburn Xtreme Hockey Club, Xtreme Heading to USA Hockey Nationals: How to Follow, Xtreme Teams Head To USA HOCKEY NATIONALS. Dont blindly trust a commission drive agent. This rider facilitates enhanced with withdrawal amounts, enhanced annuitizaton and a return of premium benefit. Athene Performance Elite Plus 0000015453 00000 n 0000017596 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. This would be 2-4% in todays market. 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. 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. For MD: Upfront Bonus reduced to 13.00%. WebAthene Performance Elite [GEN (09/15) NB, GEN10 (04/14), TBS15 (09/12)] Athene Performance Elite Plus [BONUS (04/17)] and Enhanced Liquidity Rider [ICC15 PEPR (11/14)] or state variations are issued by Athene Annuity and Life Company, West Des Moines, IA. 0000044057 00000 n Subscribe to our newsletter and receive our top picks every month. All Rights Reserved By Annuity Association. Sbu8Vp;{6aOWwnwitZ`7*,])xp;oM\.68(2vj(Q=_id{Z`RuH{s-G-eVY%}. Complete the form below and get the answers you need within 24 hours. Jointly owned annuities are also considered survivorship products and will continue paying out as long as one spouse is still alive. 0000013440 00000 n 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. Its NOT a real return. 0000101474 00000 n This waiver only applies after the first contract anniversary has passed. For MO: No Market Value Adjustment (MVA). Calculators; Income Annuity Quote; Annuity Rates; Annuity Companies; Financial Ratings; Licenses; Terms; Ryan Eichler holds a B.S.B.A with a concentration in Finance from Boston University. PY^h.MO*Nw No Market Value Adjustment (MVA). But, as mentioned previously, those with priorities rooted in guaranteed income or long-term care benefits may want to look elsewhere. BY JEREMIAH KONGER, September 10th, 202011:00 AM, IncludedRiders:Confinement Waiver of Withdrawal Charges (No Fee);Terminal Illness Waiver of Withdrawal Charges (No Fee). 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. 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. The minimum premium is $10,000 with an accumulation period of at least 20 years or until the lifetime income withdrawals begin. Tryouts will run over three days only. Linotype AG Avenir Next LT Pro They dont have the upside or downside of the market. 4178673307 The complaint index is adjusted for each company, with the average being 1.0. Athene Performance Elite Plus annuities include a Liquidity Rider, for an annual charge, that gives you additional flexibility should the need arise. 0000029519 00000 n They feature a variety of interest crediting strategies that are designed to grow your money and help protect you from market downturns. jX$)6P\[_. Adobe InDesign CC 2017 (Macintosh) Annuities are not guaranteed by any bank or credit union and are not insured by the FDIC or any other federal government agency. Schedule a Call; Quick links. An Athene Performance Elite 15 fixed indexed annuity may be right for you if you want. Gains are linked to a positive change in a market index. AvenirNextLTPro-Regular In addition to periodic or free withdrawals, Athene Performance Elite provides you with options for annuitization. The fees are taken out of your account value. Amount +/- will not exceed withdrawal charge. You can also allocate your premium between various strategy and index account options. You dont get something for nothing! Make sure you are comfortable with committing your money for this period. Individual and group annuities that help protect your assets in retirement. In New York, contracts are issued by Athene Annuity & Life Assurance Company of New York. Avenir Next LT Pro AvenirNextLTPro-Light "Annuity Providers Become Key Drivers of Satisfaction as Customers Adopt Digital Channels, J.D. State variations may exist, refer to product disclosure for details. 0 Do not buy an annuity solely for the bonus. The Athene Performance Elite 7 also pays a first-year premium bonus subject to a Your email address will not be published. WebAfter the 5th contract year, you may elect to surrender your contract and apply the Accumulated Value to one of ve settlement options. For NH: Two-year index strategies not available. <]>> %PDF-1.6 % These charges do not apply to free withdrawals, RMDs, payments made in settlement of your annuitys Death Benefit or Confinement, and Terminal Illness waivers. These fancy new indexes have not been tested in the real world. Below is the Surrender Charge schedule for Athene Performance Elite 7 Fixed Indexed Annuity. 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. Linotype AG He has held positions in, and has deep experience with, expense auditing, personal finance, real estate, as well as fact checking & editing. Athene Annuity & Life Companyis rated A by A.M. Best, was founded in 1896, and has over $76.2 billion in total assets. 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. 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. Speak With A FiduciaryAdvisor About This Annuity. Systematic withdrawals available on a monthly, quarterly, semi-yearly, or yearly frequency. OpenType - PS DISCLAIMER: The information on this website is for educational purposes only. The following teams will be selected after the second tryout (April 24th), with player notification and roster posting on Monday April 25th. 192067761 0000028258 00000 n 0000027283 00000 n If you pass away, your beneficiaries will have the option of choosing between your accumulated value or minimum contract guaranteed value (whichever is higher) or the policys rider death benefit. The Athene Ascent Pro 10 Bonus is a fixed annuity product with an issue age of 35 to 80. A high rating means a high probability that the company will remain solvent and able to pay out on its contracts as agreed. Do not invest money you might need to live on. Guaranteed annuity periods are 5, 10, 15, or 20 years. Accumulated Value with no surrender charges, (ii) the Minimum Guaranteed Contract Value or (iii) the Return of Premium Benefit (if applicable). The Athene PE Plus 15 annuity as not available in CT, CA, PA, NY, UT, PR, WA, and VI as of May 2017. A 10% IRS penalty may apply to withdrawals prior to age 59 . You receive some of the upside and none of the downside. AvenirNextLTPro-Medium Information presented on this website is not intended as tax or legal advice. Accumulated Value with no surrender charges, (ii) the Minimum Guaranteed Contract Value or (iii) the Return of Premium Benefit (if applicable). 0000002175 00000 n The products surrender schedule is below. If you are looking for the most retirement income, request an. These include white papers, government data, original reporting, and interviews with industry experts. 2017-06-05T10:47:29-05:00 I would not expect anything more than this over a more extended period. 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. Looking for the highest guaranteed returns? / 0000020605 00000 n 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. 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. 4240935107 The minimum premium is $10,000, and plans offer either single or joint life benefits, which can begin immediately. If you pass away, your beneficiaries will have the option of choosing between your accumulated value or minimum contract guaranteed value (whichever is higher) or the policys rider death benefit. 0000020674 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. 0000014253 00000 n This annuity offers 16.00% as an upfront bonus. You are not directly participating in the market. This annuity also waives withdrawal penalties upon death. All of that means that there are powerful growth options that can return market like upside performance without the market risk. You are encouraged to seek tax or legal advice from a qualified professional. AvenirNextLTPro-MediumCn The Athene Performance Elite annuities include a Death Benefit. What is your number one priority, as you start to consider retirement plan options? 0000003746 00000 n 0000021298 00000 n Athene Performance Elite annuities provide you with a number of different indexed crediting strategies. You may choose a combination of the following indexes. Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below. 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. For different people, there may be very different answers. 0000023134 00000 n 0000022053 00000 n Athene Performance Elite annuities allow you to allocate your money among one or more of the available interest crediting strategies. This assumes you find one of the better products on the market. ", AM Best. 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). Currently, Athene holds an A (Excellent) rating from AM Best, which is the third-highest possible score. The Performance Elite 10 Plus is a fixed indexed annuity. from application/x-indesign to application/pdf 1346 47 An agent might confuse you by talking payout rates, withdrawal rates, or the income account value. They allow you to capture some of the growth of a market index while having 100% downside protection. 0000015278 00000 n 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. Uncapped annuities outperform when stock markets are strong. It will not be applied in the event of the death of the Annuitant or to any Free Withdrawal amount, including those elected under the Confinement or Terminal Illness Waivers, if applicable. So, how does Athene measure up to some of the best annuity providers? hb```b``sa`c` @16%c]ILfu)#i*m-gyNg-s ti*+$ When you contact us you may speak with a licensed insurance agent in your state. 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 1 0 obj <>]/Pages 3 0 R/Type/Catalog/ViewerPreferences<>>> endobj 2 0 obj <>stream The "S&P 500" is a product of S&P Dow Jones Indices LLC, a division of S&P See product brochure, disclosure and riders for additional details, limitations and availability. It does NOT compete with the stock market. Copyright 2020. Cancelling or surrendering an annuity is possible, but can be costly. Check out the. 0000025959 00000 n There is a premium bonus of 3% and the earliest you can elect lifetime income is age 50. 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. Because when it comes to index annuities, its not what you know that gets you into trouble. 0000026484 00000 n This waiver is available after your first Contract Anniversary and the initial diagnosis of Terminal Illness must be made at least one year after the Contract Date. Ashburn Xtreme Tryout Dates Announced for 2022-23 Season. 0000101199 00000 n 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. 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. HWYo~'i'$66CL{K"Wmt]}p8]cLQ_wrb>xKKU/R'n]/j=f|9W1Vgm>?y.5{e8VzSEf7b^-:5[g:+*X=OKx7jf5+u15Pq{Wv4?u'xbu[[;Jlg>b/*WK'n$/5,y wV*ky 9RTVsAtbH^p 7 0000034932 00000 n Choose your company wisely. In order to provide readers with trusted and informative reviews, we employ a comprehensive methodology that involves looking at each carriers products, availability, pricing, included features, and limitations, and how those compare to similar carriers within the same industry. 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. Athene declares the caps, annual spreads, and participation rates at the end of each term period. If interest rates in the market are higher than when you purchased your annuity, the MVA is negative, meaning an additional amount is deducted from your contract value. They may offer an annuity to you for sale. We also reference original research from other reputable publishers where appropriate. The materials, names, logos, brochures, etc used in our annuity reviews are property of their owners and not those of AnnuityResources.com. https://www.youtube.com/watch?v=uv3qXK2eU6U. We understand annuities can be confusing and that you might have questions. Surrender charges may apply to withdrawals during the surrender period. . Annuities are distributed by Annuity Resources, LLC. If you take an excess withdrawal before the end of your Withdrawal Charge period, an MVA will be applied to that excess withdrawal. 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). We want you to have realistic expectations, so you wont be disappointed later. 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. 1.00 Today, the company boasts more than $236.7 billion in assets. Depending on the annuity you choose, there are a few different rider options available, some of which are included at no extra charge. If you take excess withdrawals before the term is up, you will be charged surrender charges. In fact, this particular annuity is one of the stronger growth focusedannuities on the market. The 7 Biggest Mistakes Consumers Make When Buying An Annuity & How To Avoid Them, fixed annuities (MYGAs) with the highest rates. In 2020, Athene scored a 0.34, and in 2019, a 0.51. Each year, the National Association of Insurance Commissioners (NAIC) issues carriers a complaint index. This shows that the company consistently performs better than expected. If you pass away, this series does include a death benefit; your beneficiaries will receive the greater of either your accumulated value, your plans minimum guaranteed contract value, or the return of premium benefit (if purchased). You can review our list of the best life insurance companies for what we think are better options. We have reviewed other products from Athene. Athene is a relatively new company, founded in just 2009, which used to offer life insurance and annuities but now only sells the latter. 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. phone call with one of our specialists, and they can help. 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. Simply put, the fee variation offers more upside potential for your growth. Any interest earned is credited at the end of the crediting period. 0000025431 00000 n 2 Because the index applies a volatility control mechanism, the range of both the positive and negative performance of the index is limited.