If interest rates have decreased by more than 0.25%, the MVA will be positive. WebAthene Performance Elite 7 annuities allow up to a 10% annual free withdrawal beginning in the first Contract Year. Athene Performance Elite 10 Product Guide 0 Athene declares the guaranteed rate for this strategy each Contract Year. 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. 0000023134 00000 n
WebThe Income Base (as defined by Athene) is made up of three things: 1. Ryan Eichler holds a B.S.B.A with a concentration in Finance from Boston University. 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. 0 Sbu8Vp;{6aOWwnwitZ`7*,])xp;oM\.68(2vj(Q=_id{Z`RuH{s-G-eVY%}. You receive some of the upside, but none of the downside. Copyright 2023 Annuity Resources, LLC - All rights reserved. The income riderincluded at no charge on certain annuitiesgives annuitants the peace of mind of guaranteed growth. Strategy Charges: 1.75% Optional(Higher Participation Rates), Free Withdrawal: 5% Annual (Elite 10 & 15). https://www.youtube.com/watch?v=uv3qXK2eU6U. Over time, the returns will average out to be in the 2-4% range. Athene Performance Elite 15 fixed index annuity is a 15-year retirement savings plan offering a premium bonus, Know the worst-and best-case scenarios because you are likely to earn something in the middle. Well answer any questions you have and respect your time. For MA: Confinement penalty waiver not available. Elite Wellness is a Performance and Recovery center in Ashburn, Alabama, Alaska, Arizona, Arkansas, Colorado, Delaware, District of Columbia, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina, North Dakota, Oklahoma, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Vermont, Virginia, West Virginia, Wisconsin, Wyoming, 401k, Cash, IRA, Non-Qualified Money, Pension Plan, Qualified Retirement Plans, Roth IRA, SEP IRA, TSA 403b, Annuity and Insurance Agency1050 Crown Pointe ParkwayAtlanta, GA 30338, AnnuitiesLife InsuranceTravel InsuranceLong Term Care InsuranceShop InsuranceGet a Free QuoteContact Us, About usPrivacy PolicyHow We WorkIn The PressCustomer Reviews, annuity will always have a Minimum Guaranteed Contract Value, grow your money and help protect you from market, calculate and credit interest to your annuity, surrenders during the Withdrawal Charge period. Complete the form below and get the answers you need within 24 hours. The simple interest credits 3. 192067761 Athene PE Plus 15 Annuity Broker Gains are linked to a positive change in a market index. 0000012912 00000 n
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. 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. 0000007338 00000 n
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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. This annuity comes with a Liquidity Rider, which enhances your flexibility with regards to withdrawals and collecting money when you may need it most. 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. Just how much growth is available with the Athene Performance Elite Fixed Index Annuity? An agent might confuse you by talking payout rates, withdrawal rates, or the income account value. They compete with bonds, CDs, and other safer investments. The limit can take the form of a Cap Rate, an Annual Spread, and/or a Participation Rate. 0000015368 00000 n
The Your rate of return is calculated based on the accumulation value, not the income value. AvenirNextLTPro-Medium 0 The Athene Performance Elite annuities include a Premium Bonus that is credited at issue and provides an immediate increase to your annuitys Accumulated Value. Earn a guaranteed 7-9% returns. False. xref
You dont get something for nothing. %%EOF
You have the potential to earn interest credits that are based in part on the growth of the market index. Unbiased Review - Athene Performance Elite 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. This website is not intended to be a recommendation for you to purchase an annuity. Some index annuities have caps that limit their gains. Fee to register goes up at 12:00:01 AM on April 16th. You dont get something for nothing! Power Finds. 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. For MO: No Market Value Adjustment (MVA). to 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. 1 0 obj
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Annuity Review of the Athene Performance Elite Plus 10 This rider facilitates enhanced with withdrawal amounts, enhanced annuitizaton and a return of premium benefit. OpenType - PS The materials, names, logos, brochures, etc used in our annuity reviews are property of their owners and not those of AnnuityResources.com. Get a second opinion. They were introduced in 1995 to compete with bank CDs. You receive some of the upside and none of the downside. 536 were here. 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. Premium bonuses range from 0% to 15%, depending on the plan you choose, with free withdrawals beginning as early as year one. The reviews and annuity information on this website may not be current and may not apply in the state you live in. Guaranteed annuity periods are 5, 10, 15, or 20 years. 0000011945 00000 n
The Athene Performance Elite 10 Plus Athene Performance Elite annuities are designed to help meet your long-term savings and retirement needs. 0000020674 00000 n
Cumulative Withdrawals: If no withdrawals are taken in a given year, up to 20% of the Accumulated Value is available for withdrawal in the next year. We focus on selling MYGAs, SPIAs, and DIAs and refer those interested in other types of annuities to other insurance agencies when possible. The initial premium you put in plus any bonus money 2. We also reference original research from other reputable publishers where appropriate. Contract Charge PE10 PE10 Plus NA 0.85% ATHENE Performance Elite 10 Fixed Index Annuity Annuities issued by Athene Annuity & Life Assurance Company, Wilmington, DE Accumulated Value with no surrender charges, (ii) the Minimum Guaranteed Contract Value or (iii) the Return of Premium Benefit (if applicable). 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. 1.00 Today, Athene sells both individual and group annuities to consumers across the United States and U.S. territories. Starting the first year, annuitants can withdraw up to 10% of their accumulated value without incurring any withdrawal charges. Fixed Index Annuity Comparisons 3896682134 ;F0T 1 Annuities are not offered by the US Government, not government-guaranteed, and are not FDIC insured. The Performance Elite 10 Plus annuity is a fixed indexed annuity. Interest credits will never be less than 0%. 0000013851 00000 n
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). 119 0 obj<>stream
Know how the return is calculated. 83 0 obj <>
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You are not directly participating in the market. In 2020, Athene scored a 0.34, and in 2019, a 0.51. Athene Life Insurance Review 0000007931 00000 n
You can get your questions answered by booking a brief call with one of our team members. <]>>
", AM Best. I would not expect anything more than this over a more extended period. 0000013035 00000 n
The bonus and any earnings on the bonus are subject to a Premium Bonus Vesting Adjustment. Investopedia requires writers to use primary sources to support their work. This would be 2-4% in todays market. A high rating means a high probability that the company will remain solvent and able to pay out on its contracts as agreed. Adobe PDF Library 15.0 xmp.did:fe2dd2c1-6d72-4b39-9f40-056a0c5b4d4c Index annuities and variable annuities pay the highest commissions to insurance agents. Looking for more information about the Athene Performance Elite 15 Plus or other fixed indexed annuities? 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. 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. 0000101474 00000 n
In exchange for this protection, indexed crediting strategies limit the interest rate you can receive. 0% 5% 10% 10% Strategy Charge (Not available on the 0000015871 00000 n
4007712213 There are spreads, caps or participation rates that limit how much of the return you receive. OpenType - PS WebThe products surrender schedule is below. 0000025431 00000 n
2.1 A newer company, Athene was founded in 2009 in the wake of the financial crisis at that time. WebWeekly Team Schedule; Tryouts; Teams & League Programs. You dont earn a guaranteed 7%-9% return when CDs, bonds, and fixed income earn less than 4%. Your interest credits are locked-in once credited, and cannot be lost due to market downturns. 0 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. It also provides beneficiaries with two different payout options if you pass away. All Rights reserved, Available in states: You can learn more about the standards we follow in producing accurate, unbiased content in our, Paying for Long-Term Care: How Its Changing, Indexed Universal Life Insurance (IUL) Meaning and Pros and Cons, 4 Best Alternatives to Long-Term Care Insurance, Monthly, quarterly, semi-annually, annually, or lump sum, By phone (1-888-ANNUITY/1-888-266-8489 from 8 a.m. to 5 p.m. CST, Monday through Friday), Single Premium Immediate Annuities (SPIA), Methodology: How We Review Life Insurance Carriers, Athene Ann & Life Co National Complaint Index Report, AM Best Affirms Credit Ratings of Athene Holding Ltd. and Its Subsidiaries; Assigns Credit Ratings to Athene Annuity Re Ltd, Annuity Providers Become Key Drivers of Satisfaction as Customers Adopt Digital Channels, J.D. Athene declares the caps, annual spreads, and participation rates at the end of each term period. WebThe Athene Performance Elite 10 Plus is a single premium fixed-indexed annuity with a 10 year surrender charge period and a MVA provision. 2023 Annuity Educator. 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 This waiver only applies after the first contract anniversary has passed. OpenType - PS phone call with one of our specialists, and they can help. The 7-9% refers to an income rider roll-up rate. But, as mentioned previously, those with priorities rooted in guaranteed income or long-term care benefits may want to look elsewhere. 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. The 7 Biggest Mistakes Consumers Make When Buying An Annuity & How To Avoid Them, fixed annuities (MYGAs) with the highest rates. There is a premium bonus of 3% and the earliest you can elect lifetime income is age 50. I would like to receive future communications, I confirm that I am at least 16 years of age or older. In New York, contracts are issued by Athene Annuity & Life Assurance Company of New York. Athene Performance Elite annuities allow you to allocate your money among one or more of the available interest crediting strategies. 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. 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 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. 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. Why would you want to pay the fee, if you were given the choice? Athene Performance Elite Avenir Next LT Pro 83 37
This product has a 10 Years term. Performance Elite Choose your company wisely. 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. Expect to earn 1-2% more than the average rate of a 1-year fixed annuity. 0000001892 00000 n
Amount +/- will not exceed withdrawal charge. Your money is not directly exposed to the risks of the stock market or individual stocks. 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. 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). The price of the annuity from that point on will depend on how much protection you want that product to provide you in retirement, and for how long. The indexes available for the product are listed below. So you want to do your homework! They are a percentage of the withdrawal amount, decrease over time, and go to zero when the term ends. A Market Value Adjustment applies to withdrawals in excess of the free withdrawal amount and full surrenders during the Withdrawal Charge period. So, how does Athene measure up to some of the best annuity providers? Avenir Next LT Pro 0000005531 00000 n
Has an insurance agent sent you a proposal that seems too good to be true? Hypothetical illustrations are often the best-case scenario. 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. 2.1 This annuity also waives withdrawal penalties upon death. performance 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. 0000000016 00000 n
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We use cookies to improve our service, track analytics, remember preferences, etc. 0000005797 00000 n
Required fields are marked *. Read our. Ashburn Xtreme Tryout Dates Announced for 2022-23 Season. 2 The Index 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. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. 0000002064 00000 n
Avenir Next LT Pro 0 0000001236 00000 n
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"AM Best Affirms Credit Ratings of Athene Holding Ltd. and Its Subsidiaries; Assigns Credit Ratings to Athene Annuity Re Ltd.", J.D. We independently evaluate all recommended products and services. If a company pays a bonus, they typically take away some of the upside potential by lowering the cap. You are watching the market, and a formula decides how much gain of the index you receive. PERFORMANCE ELITE AvenirNextLTPro-MediumCn Look for products with a short surrender period and no
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