Athene MYG Assure Annuity Overview

The Athene MYG Assure is a Multi-Year Guarantee (MYG) Annuity designed for individuals seeking guaranteed growth, income options, and principal protection. Issued by Athene Annuity and Life Company, this annuity is intended for long-term retirement planning. It provides a secure and reliable way to save for your future.

📈 Key Features

1. Guaranteed Fixed Interest

• Offers 3, 5, and 7-year term periods.

• The interest rate is guaranteed for the full term you select, ensuring predictable growth.

• At the end of the term, the value transitions to a 1-Year Fixed Strategy with a declared annual renewal rate (minimum guaranteed).

  
  

2. Premium Range

• Minimum: $5,000

• Maximum: $1 million (larger amounts available with approval)

  
  

3. Tax Deferral

• Interest grows tax-deferred until you take a withdrawal. This allows your investment to accumulate without immediate tax consequences.

• While IRAs also offer tax deferral, the Athene MYG Assure provides additional income options and enhances legacy planning.

  
  

💵 Liquidity & Access

Free Withdrawals

• Withdraw up to 10% of the Accumulated Value per year after the first year without incurring charges.

  
  

Required Minimum Distributions (RMDs)

• RMDs are treated as part of the free withdrawal, even if they exceed the 10% limit.

  
  

Waiver Benefits

• Confinement Waiver: Withdraw up to 100% if confined to a qualified care facility (after 1 year).

• Terminal Illness Waiver: Allows for 100% withdrawal if diagnosed with a terminal illness (after 1 year).

• Note: Not available in California.

  
  

🔐 Withdrawal Charges of the Athene MYG Assure Annuity

If you withdraw more than the free amount or surrender early:

• 3-Year Term: Up to 8% charge in Year 1, decreasing by Year 3.

• 5-Year Term: Charges decrease from 8% in Year 1 to 4% by Year 5.

• 7-Year Term: Charges decrease from 8% to 3% over the term.

  
  

💰 Income & Legacy Options

Annuitization

• Transform your contract into guaranteed income for:

- A fixed period

- Lifetime

- Joint lifetime (you and a spouse)

• Once annuitized, terms cannot be changed.

  
  

Death Benefit

• Pays the greater of Accumulated Value or Minimum Guaranteed Contract Value to beneficiaries.

• Available before annuitization only.

  
  

🛡️ Financial Strength

Athene is backed by strong ratings and is a subsidiary of Apollo Global Management:

• S&P: A+

• Fitch: A+

• A.M. Best: A+

• Moody’s: A1

(As of 2024; all are upper-tier ratings.)

📌 Considerations

Pros

• Predictable, guaranteed returns

• Protection from market volatility

• Multiple liquidity options

• Strong income and legacy planning tools

• Backed by a financially solid company

  
  

Cons

• Limited access to funds during the withdrawal charge period

• No return of premium guarantee

• Potential surrender charges

• Tax penalties on early withdrawals before age 59½

• Benefits may vary by state

  
  

🔍 Conclusion

The Athene MYG Assure Annuity is well-suited for individuals looking for:

• Safe, tax-deferred growth

• Protected retirement income

• A way to leave a financial legacy

  
  

Our Athene MYG Assure Annuity Review makes it appear to be a strong candidate if you value stability over aggressive growth. This annuity is ideal for those with a medium to long-term horizon who want some access to funds without full market exposure.

Why Choose Athene MYG Assure?

Choosing the right annuity can be overwhelming. But with the Athene MYG Assure, you get a blend of security and flexibility. It’s designed to help you navigate your financial future with confidence. Imagine having a reliable source of income during retirement while also being able to leave a legacy for your loved ones.

Understanding Annuities

Annuities can be complex, but they serve a vital purpose in financial planning. They provide a way to ensure that you have a steady income stream when you retire. This can be particularly important if you want to maintain your lifestyle without the worry of market fluctuations.

The Importance of Financial Clarity

In today's fast-paced world, financial clarity is essential. The Athene MYG Assure helps you achieve that clarity. You can focus on what you love most while knowing your financial future is secure.

Your Next Steps

If you're considering the Athene MYG Assure or any other financial product, it’s wise to seek guidance. We are an independent firm, which gives us the advantage of being entirely objective when it comes to recommending a product or service. If you would like a second opinion regarding this annuity or any other financial matter, feel free to contact us for a nice chat.

Best Regards,

Derek Notman & Drew Faloon