Review: Everything You Need to Know About Athene Agility Fixed Indexed Annuities
Athene Agility is a fixed indexed annuity designed to provide financial security, flexibility, and growth potential for individuals planning their retirement. It offers a blend of investment safety and income generation, allowing policyholders to adapt to changing financial needs.
Key Features and Benefits:
- Market Protection with Growth Potential
- Funds are not directly invested in the stock market, reducing risks.
- Gains are locked in and cannot be lost in market downturns.
- Various crediting strategies provide interest accumulation opportunities.
- Guaranteed Lifetime Income
- Policyholders can set up a steady "retirement paycheck" through Lifetime Income Withdrawals.
- Income payments can increase over time based on interest credits.
- Liquidity and Accessibility
- Offers free annual withdrawals up to 10% of the contract value.
- Enhanced withdrawal benefits for long-term care or terminal illness needs.
- Strong Financial Backing
- Issued by Athene Annuity and Life Company, a financially stable entity with A+ ratings from major agencies.
- Partnered with Apollo Global Management, adding investment expertise.
- Legacy and Death Benefit Options
- Provides an option for beneficiaries to receive either the annuity's accumulated value or a guaranteed Benefit Base over a set period.
- Tax Advantages
- Growth within the annuity is tax-deferred until withdrawals begin.
Considerations:
- Early withdrawals exceeding free limits may incur withdrawal charges and Market Value Adjustments (MVAs).
- Lifetime Income Withdrawals may stop if excess withdrawals deplete the annuity’s accumulated value.
- Not available in all states; terms vary based on contract conditions.
Final Verdict:
Athene Agility is a well-rounded annuity product for individuals looking for growth potential, income security, and financial flexibility in retirement. Its market protection features and guaranteed income benefits make it a strong contender for those seeking a structured retirement plan. However, understanding withdrawal penalties and contract specifics is crucial before committing.
We'll end with a note that we are an independent firm which gives us the advantage of being entirely objective when it comes to recommending a product or service, so if you feel like you would like a second opinion from us regarding this annuity, or something else, feel free to contact us for a nice chat.
Best Regards,
Derek Notman & Drew Faloon
