athene performance elite surrender schedule
0000018755 00000 n Withdrawals are not credited with index interest in the year they are taken. There are spreads, caps or participation rates that limit how much of the return you receive. Earn a 10-15% Bonus. Individual and group annuities that help protect your assets in retirement. The Athene Ascent Pro 10 Bonus is a fixed annuity product with an issue age of 35 to 80. Its also a good idea to lock in the indexes at different times. A market value adjustment is basically an additional charge or credit for taking money out early from an annuity. This financial strength rating gives consumers a good idea of the companys overall stability and projected strength. Calls usually last 5-20 minutes, and we promise to not bug you afterward. 536 were here. 4178673307 For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356. All Rights Reserved By Annuity Association. xmp.did:fe2dd2c1-6d72-4b39-9f40-056a0c5b4d4c Athene Annuity & Life Company - View Details. Your rate of return is calculated based on the accumulation value, not the income value. 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. The fixed crediting strategy provides a guaranteed rate of interest that is used to calculate and credit interest to your annuity daily. 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. 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. %%EOF Product availability varies based on the state you live. 0000008130 00000 n 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. 0000027283 00000 n 0000017066 00000 n Athene Performance Elite Plus also provides an enhanced Premium Bonus. You can lose money in two ways. If interest rates have increased, stayed the same, or decreased by less than 0.25%, the MVA will be negative. If no withdrawals are taken in a given year, up to 20% of the Accumulated Value is available for withdrawal in the next year. Athene annuities provide annual free withdrawal privileges. In New York, contracts are issued by Athene Annuity & Life Assurance Company of New York. 0000029269 00000 n Do not trust anyone that tells you otherwise. Your email address will not be published. We also analyze each carriers third-party and consumer reviews, looking at their reliability, reputation, and seeking out certain trends that might exist. 0000007338 00000 n Returns are linked to a positive performance in an external index. uuid:f261802f-0b4d-744a-9ba8-cd3dc530cc25 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. Weve compared them to Fidelity, a top-rated annuity company, to help you better decide. 0% 5% 10% 10% Strategy Charge (Not available on the Surrender Schedule: 7yrs/10yrs/15yrs Included Riders: Confinement Waiver of Withdrawal Charges (No Fee); Terminal Illness Waiver of Withdrawal Charges (No Fee) AvenirNextLTPro-Regular 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. Here is the truth. Has an insurance agent sent you a proposal that seems too good to be true? Hypothetical illustrations are often the best-case scenario. 0000015453 00000 n If you click on links we provide, we may receive compensation. WebPerformance Elite 15 (TX). 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. 0000031939 00000 n You may choose a combination of the following indexes. Cap rates) and extend the term. Dont blindly trust a commission drive agent. 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. 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. Annuity information on this site may not be current or applicable in your state. Athene is also a newer company, founded in just 2009, while Fidelity has a history that stretches back to 1946. Register on or before April 15th to get the early bird registration fee. #5vWU>s_u3K_Bc- 0 Athene is a relatively new company, founded in just 2009, which used to offer life insurance and annuities but now only sells the latter. See product brochure, disclosure and riders for additional details, limitations and availability. Know the worst-and best-case scenarios because you are likely to earn something in the middle. Be extremely careful with custom or proprietary indexes because you don't know the underlying holdings. 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. 0000002064 00000 n 0 %PDF-1.4 % Not available in: AK, CT, DE, ID, MN, NV, NJ, NY, OH, OK, OR, PA, SC, TX, UT and WA 0 Cancelling or surrendering an annuity is possible, but can be costly. If you request an index annuity proposal, we will send you information on what we feel are the best products available. 0000003746 00000 n 0000000016 00000 n Uncapped annuities outperform when stock markets are strong. 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. trailer 119 0 obj<>stream Any interest earned is credited at the end of the crediting period. You also might be charged a market value adjustment on early withdrawals. Withdrawals and surrender may be subject to federal and state income tax and, except under certain circumstances, will be subject to an IRS penalty if taken prior to age 59. Linotype AG trailer <]/Prev 222282/XRefStm 1638>> startxref 0 %%EOF 1392 0 obj <>stream 0000006914 00000 n The Athene Performance Elite 10 Plus Annuities are not offered by the US Government, not government-guaranteed, and are not FDIC insured. Do you like bank CDs, bonds, and other types of fixed income? Depending on the annuity you choose, there are a few different rider options available, some of which are included at no extra charge. Copyright 2023 Annuity Resources, LLC - All rights reserved. The annuity also offers a whopping 12% premium bonus on first year premiums, subjected to a 15 year vesting schedule. 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. AvenirNextLTPro-Medium Athene declares the guaranteed rate for this strategy each Contract Year. 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. The 7-9% refers to an income rider roll-up rate. 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. Some index annuities have caps that limit their gains. 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. Annuity Broker can help you compare the current market leading annuities, and make an informed choice based on your needs. Systematic withdrawals available on a monthly, quarterly, semi-yearly, or yearly frequency. 0000018181 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 4007712213 It's easy. 2017-06-05T10:47:29-05:00 Dont be misled by an annuity salesman trying to earn a big commission. MVA is not applicable in all states. 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. We have reviewed other products from Athene. 0 Another trusted third-party rating comes from J.D. They allow you to capture some of the growth of a market index while having 100% downside protection. WebThe products surrender schedule is below. . These charges do not apply to free withdrawals, RMDs, payments made in settlement of your annuitys Death Benefit or Confinement, and Terminal Illness waivers. 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 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 You also might be charged a market value adjustment on early withdrawals. 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. They dont have the upside or downside of the market. We independently evaluate all recommended products and services. Your information is 100% confidential. They compete with bonds, CDs, and other safer investments. You can earn market-like upside without the market downside. This is a partial truth. 0 Well answer any questions you have and respect your time. This index can be used to track a carriers consumer trends and performance over the years. Why would you want to pay the fee, if you were given the choice? Do not buy an annuity solely for the bonus. Know how the return is calculated. ", AM Best. If a company pays a bonus, they typically take away some of the upside potential by lowering the cap. Make sure you are comfortable with committing your money for this period. 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. Looking for more information about the Athene Performance Elite 15 Plus or other fixed indexed annuities? No Withdrawal Charges, Premium Adobe InDesign CC 2017 (Macintosh) Elite Wellness is a Performance and Recovery center in Ashburn, The Premium Bonus Vesting Adjustment is a percentage of the annuitys Premium Bonus and any earnings on the Premium Bonus. %PDF-1.4 % State variations may exist, refer to product disclosure for details. Athene has the right to change the terms of their index annuity at any time. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. The limit can take the form of a Cap Rate, an Annual Spread, and/or a Participation Rate. So you want to do your homework! NAIC. OpenType - PS Here's where you can find the, 10 Year Term (make sure you dont need access), Single Premium (cant add money to the contract), Possible market value adjustment on withdrawals. Investopedia requires writers to use primary sources to support their work. 0000012464 00000 n The 0000089601 00000 n WebWeekly Team Schedule; Tryouts; Teams & League Programs. 192067761 Athene Performance Elite 15 fixed index annuity is a 15-year retirement savings plan offering a premium bonus, False The 7 Biggest Mistakes Consumers Make When Buying An Annuity & How To Avoid Them, fixed annuities (MYGAs) with the highest rates. Index annuities are an excellent fit for conservative investors who are looking for an alternative to bank CDs and bonds. Athene Life Insuranceis also an inexpensive way to leave a death benefit to beneficiaries. 3896682134 Would you like to know how the Performance Elite 10 Plus compares to the best Index annuities on the market? Fee-based riders come at a cost that is usually calculated as a percentage of the annuitys accumulated value. 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). If you own the contract to maturity, they do not apply. The minimum withdrawal amount is $500, with the minimum account value being $2000. The interest you earn is credited at the end of each Index Term Period. xmp.did:F77F1174072068118083E0F9596F9B1F Index annuities and variable annuities pay the highest commissions to insurance agents. Just how much growth is available with the Athene Performance Elite Fixed Index Annuity? No Lifetime Income Ridersthe Performance Elite is a growth focused annuity with no lifetime income rider options. They are for investors who like safety and security. Please contact us to receive the latest brochure. 0000017480 00000 n The income riderincluded at no charge on certain annuitiesgives annuitants the peace of mind of guaranteed growth. 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. Athene Performance Elite annuities are designed to help meet your long-term savings and retirement needs. / OpenType - PS 0000015368 00000 n Avenir Next LT Pro WebAthene Performance Elite Plus includes a Liquidity Rider for a charge. When you contact us you may speak with a licensed insurance agent in your state. WebThe Athene Performance Elite Plus annuity includes a Liquidity Rider, for an annual charge, that gives you additional flexibility should the need arise.
Nyc Health And Hospitals Hiring Process,
Rose Milligan Biography,
Articles A
