athene performance elite surrender schedule

0000012912 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. 2023 Annuity Educator. 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 can also allocate your premium between various strategy and index account options. 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. Tryouts will run over three days only. 0000101474 00000 n You have the potential to earn interest credits that are based in part on the growth of the market index. Copyright 2020. 1 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. 2.1 After the first contract year, a confinement and terminal illness waiver is available for annuity owners who fulfil the requirements. Fee-based riders come at a cost that is usually calculated as a percentage of the annuitys accumulated value. We also reference original research from other reputable publishers where appropriate. xmp.iid:4d8738e8-cc72-4744-ab75-a6c3cf2ca89f 119 0 obj<>stream 0000101840 00000 n Are you a conservative investor who wants to protect your principal? Athene Performance Elite 15 annuity allows up to 5% beginning in the second Contract Year. If no withdrawals are taken in a given year, up to 20% of the Accumulated Value is available for withdrawal in the next year. Additionally, you will find participation rates of at least 100% within the NASDAQ FC and AI-Powered US Equity indexes. Below is the Surrender Charge schedule for Athene Performance Elite 7 Fixed Indexed Annuity. Dont be misled by an annuity salesman trying to earn a big commission. 0000013470 00000 n 0000016432 00000 n 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 Investopedia requires writers to use primary sources to support their work. 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. Surrender charges are a penalty charged to early withdrawals of annuity contract. Index annuities are for conservative investors who like safety. Personal, Traditional IRA, Roth IRA, SEP-IRA, SIMPLE-IRA, 403(b). You earn a fixed-income type of returns, not market-like returns. You receive some of the upside and none of the downside. Look for products with a short surrender period and no 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. The indexed interest credits should you chose the indexing method. 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. Youre also guaranteed to never earn less than 0% interest. 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. The indexes available for the product are listed below. 0000015871 00000 n Tryout for a Team; Showcase Teams; National & Jr National Teams; Local AAU Teams; Summer League; jrNBA 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. AvenirNextLTPro-MediumCn PDF/X-4 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. Get independent advice. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. OpenType - PS Its NOT a real return. 0000003746 00000 n Avenir Next LT Pro 0000007931 00000 n 0000004957 00000 n So you want to do your homework! This would be 2-4% in todays market. We focus on selling MYGAs, SPIAs, and DIAs and refer those interested in other types of annuities to other insurance agencies when possible. 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. Withdrawal fees, if applicable, can be waived due to terminal illness or confinement. 0000029269 00000 n 0000006298 00000 n 0 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. The Performance Elite 10 Plus is a fixed indexed annuity. 0000015918 00000 n The Athene Performance Elite 10 Plus 0000002064 00000 n 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). In most states, the issue age is 0-73 years. In addition to periodic or free withdrawals, Athene Performance Elite provides you with options for annuitization. They feature a variety of interest crediting strategies that are designed to grow your money and help protect you from market downturns. The Athene PE Plus 15 annuity as not available in CT, CA, PA, NY, UT, PR, WA, and VI as of May 2017. For NH: Two-year index strategies not available. We guarantee you will not lose money due to market risk or losses. AvenirNextLTPro-Light 0000006914 00000 n This assumes you find one of the better products on the market. 0000018755 00000 n 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). For different people, there may be very different answers. 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. Ryan Eichler holds a B.S.B.A with a concentration in Finance from Boston University. Here are some links if you would like to review them as well. Your information is 100% confidential. No Withdrawal Charges, Premium Uncapped index annuities might earn 3-5% (1-2% more) than capped annuities. / Athene Performance Elite Plus annuities include a Liquidity Rider, for an annual charge, that gives you additional flexibility should the need arise. Athene has the right to change the terms of their index annuity at any time. Amount +/- will not exceed withdrawal charge. Earn a guaranteed 7-9% returns. False. #5vWU>s_u3K_Bc- When it comes to properly gauging the reliability and service of a carrier, third-party ratings can be very valuable. Minimum single premium is $25, 000. WebWeekly Team Schedule; Tryouts; Teams & League Programs. This website is not intended to be a recommendation for you to purchase an annuity. After annuitization, payments will be consistent with the settlement option selected made payable to your named beneficiary. We independently evaluate all recommended products and services. 0000034932 00000 n You dont earn a guaranteed 7%-9% return when CDs, bonds, and fixed income earn less than 4%. 2.1 Today, the company boasts more than $236.7 billion in assets. What is your number one priority, as you start to consider retirement plan options? 0000019781 00000 n Surrender Schedule: 7yrs/10yrs/15yrs Included Riders: Confinement Waiver of Withdrawal Charges (No Fee); Terminal Illness Waiver of Withdrawal Charges (No Fee) 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. The income riderincluded at no charge on certain annuitiesgives annuitants the peace of mind of guaranteed growth. 0 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. 417233541 No Lifetime Income Ridersthe Performance Elite is a growth focused annuity with no lifetime income rider options. Early Surrender Charges and Market Value Adjustment (MVA) reduced to 9 years. 0000002006 00000 n 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 Book a 15-minute, Income riders cost real money and lower your principal balance. If you dont need income later, DO NOT pay for an income rider. It guarantees that your beneficiary will receive your annuitys full Accumulated Value, Minimum Guaranteed Contract Value, or Return of Premium Benefit (Performance Elite Plus only), whichever is greater. Linotype AG Some index annuities have caps that limit their gains. 3896682134 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 OpenType - PS You are watching the market, and a formula decides how much gain of the index you receive. 0000014994 00000 n DISCLAIMER: The information on this website is for educational purposes only. Withdrawals are not credited with index interest in the year they are taken. 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 The interest you earn is credited at the end of each Index Term Period. They also extend the term. Please consult with a qualified financial planner, advisor, tax, and legal advisor to determine if an annuity is right for your situation. 0000020303 00000 n When you contact us you may speak with a licensed insurance agent in your state. 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. WebThe products surrender schedule is below. False Penalty Free Full Withdrawal Window Available After: 10 years. Calculators; Income Annuity Quote; Annuity Rates; Annuity Companies; Financial Ratings; Licenses; Terms; The Performance Elite 10 Plus competes with bank CDs, bonds, and other fixed-income products. 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. They were introduced in 1995 to compete with bank CDs. Other reasons to consider an indexed annuity: Athene is one of the fastest growing sellers of indexed annuities in the United States. These fancy new indexes have not been tested in the real world. The Death Benefit will be paid as long as you havent annuitized your contract. 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. 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. 0000010262 00000 n 83 37 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. NAIC. 0000101199 00000 n Linotype AG Youve worked hard and deserve someone you can trust. 0000031939 00000 n The bonus and any earnings on the bonus are subject to a Premium Bonus Vesting Adjustment. Do not buy an annuity solely for the bonus. Your interest credits are locked-in once credited, and cannot be lost due to market downturns. 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 0 The minimum premium is $10,000 with an accumulation period of at least 20 years or until the lifetime income withdrawals begin. Accumulated Value with no surrender charges, (ii) the Minimum Guaranteed Contract Value or (iii) the Return of Premium Benefit (if applicable). The death benefit rider provides you with a benefit base value that grows over time, which is not impacted by your future withdrawals. Get a second opinion. Individual and group annuities that help protect your assets in retirement. Athene Performance Elite 15 fixed index annuity is a 15-year retirement savings plan offering a premium bonus, Athene is a relatively new company, founded in just 2009, which used to offer life insurance and annuities but now only sells the latter. The minimum withdrawal amount is $500, with the minimum account value being $2000. But, as mentioned previously, those with priorities rooted in guaranteed income or long-term care benefits may want to look elsewhere. Avenir Next LT Pro Do not trust anyone who suggests you will earn significantly higher returns than what we have disclosed in this section. Sbu8Vp;{6aOWwnwitZ`7*,])xp;oM\.68(2vj(Q=_id{Z`RuH{s-G-eVY%}. WebThe Athene Performance Elite 10 Plus is a single premium fixed-indexed annuity with a 10 year surrender charge period and a MVA provision. 10% Annual (Elite 7)Enhanced Liquidity up to 20% available in Plus version. OpenType - PS Any required minimum distributions are treated as free withdrawals and are thus not subjected to withdrawal charges, market value adjustments, or premium bonus vesting schedules. 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. WebThe Athene Performance Elite Plus annuity includes a Liquidity Rider, for an annual charge, that gives you additional flexibility should the need arise. 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). They want an efficient business model that provides a strong capital base for their policyowners. AK, CT, DE, ID, MN, NV, NJ, NY, OH, OK, OR, PA, SC, TX, UT and WA, Top Multi-Year Guaranteed Annuity Rates Summary, Deferred Income / Longevity Annuity Quote. 0000013035 00000 n 0000005797 00000 n 4240935107 The minimum premium is $10,000, and plans offer either single or joint life benefits, which can begin immediately. Learn more. Index annuities are fixed annuities that deliver fixed income type of returns. 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. In 2020, Athene scored a 0.34, and in 2019, a 0.51. You dont get something for nothing. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option. 0 Athene Performance Elite annuities allow you to allocate your money among one or more of the available interest crediting strategies. Annuities work a bit differently than life insurance policies, in that the vast majority of them do not require underwriting. Gains are linked to a positive change in a market index. Diversify your index annuity into a variety of indexes. 0000022053 00000 n Avenir Next LT Pro application/pdf Another trusted third-party rating comes from J.D. You should also request a proposal for the worst-case scenario. Athene Annuity & Life Company - View Details. For MA: Confinement penalty waiver not available. 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. Do not buy an annuity solely for the bonus. 4007712213 Index annuities are an excellent fit for conservative investors who are looking for an alternative to bank CDs and bonds. 4007712213 Adobe InDesign CC 2017 (Macintosh) The Athene Performance Elite annuities include a Premium Bonus that is credited at issue and provides an immediate increase to your annuitys Accumulated Value. 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. If interest rates have increased, stayed the same, or decreased by less than 0.25%, the MVA will be negative. "AM Best Affirms Credit Ratings of Athene Holding Ltd. and Its Subsidiaries; Assigns Credit Ratings to Athene Annuity Re Ltd.", J.D. Jointly owned annuities are also considered survivorship products and will continue paying out as long as one spouse is still alive. 2.1 Index annuities are fixed annuities and generate fixed income type of returns. Both Fidelity and Athene offer a variety of plans to choose from, though Athenes 12 annuities provide more options than Fidelitys six. Speak With A FiduciaryAdvisor About This Annuity. 68070_PE7_ProductGuide_0617.indd 0000003070 00000 n However, Athene takes additional premium payments during the first contract year. 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). WebWithdrawal Charge Schedule NC 12%, 12, 11, 10, 9, 8, 7, 6, 4, 2, 0 Market Value Adjustment 10 years. 83 0 obj <> endobj Be extremely careful with custom or proprietary indexes because you don't know the underlying holdings. Choose your company wisely. Avenir Next LT Pro 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. Linotype AG Strategies are methods used to calculate how much interest, if any, will be credited to your annuity. 195% Participation Rates on the BNP Paribas Multi-Asset Index make this annuity one of the top safe growth Fixed Index Annuities on the market. 2.1 Linotype AG 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). The Athene Performance Elite Plus 10 is a deferred fixed indexed annuity issued by Athene Annuity & Life Company. 2017-06-05T10:47:28-05:00 AvenirNextLTPro-Demi 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. OpenType - PS You may choose a combination of the following indexes. Subscribe to our newsletter and receive our top picks every month. Rate Details Effective Date: Oct 28th, 2022

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