Is Athene Annuity And Life Company A Good Annuity Company?

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Is Athene Annuity A Good Company?

Athene Annuity is one of the leading annuity companies in the United States. The company offers a variety of annuity products, including fixed annuities, variable annuities, and income annuities.

Athene’s financial ratings are strong. The company is rated A by A.M. Best, A+ by Fitch, A+ by Standard & Poors, and A1 with Moody’s.

In addition, Athene Annuity offers several different riders that can provide additional protection for your investment. Overall, Athene Annuity is a solid choice for anyone looking for a reliable and reputable annuity company.

Athene Annuity

Who is Athene Annuity And Life Company?

Athene Annuity and Life Company provides only annuity products. Founded in 2009, the company is headquartered in Des Moines, Iowa. The company offers both fixed annuities and variable annuities, as well as life insurance products. In addition, Athene also provides product support and services to financial advisors and intermediaries.

The company has over $100 billion in assets under management as of 2021. Athene is a subsidiary of Apollo Global Management, a leading alternative asset manager with approximately $500 billion in assets under management as of March 2022.

Athene Annuity And Life Company

How Does Athene Annuity Work?

Athene’s annuities can be used for various purposes, including retirement income, tax-deferred saving, and estate planning. The products are sold through a network of independent financial advisors (like The Annuity Expert).

Athene’s Fixed Indexed Annuities offers tax-deferred growth potential linked to one or more underlying indexes while providing downside protection from market declines. Additionally, have competitive lifetime income options.

Athene’s Fixed Annuities provides guaranteed growth based on a predetermined interest rate (like a CD rate) with protection from stock market loss and the opportunity to provide a guaranteed income stream in retirement (optional).

Is Athene Annuity and Life Company FDIC Insured?

Athene Annuity And Life Assurity Company is not a bank and is not FDIC insured. However, Athene’s Fixed Annuities are backed by the claims-paying ability of Athene Annuity and Life Company.

Is Athene A Good Company

What Are The Pros Of Athene Annuity and Life Company?

  • Athene is a subsidiary of Apollo Global Management, one of the world’s leading alternative asset managers.
  • Athene has over $100 billion in assets under management as of 2021.
  • Athene Annuity Ratings:
    • A by A.M. Best
    • A+ by Fitch
    • A+ by Standard & Poors
  • Athene offers a variety of annuity products that offer:

What Are The Cons of Athene Annuity and Life Company?

  • Athene’s annuity products have fees and surrender charges
  • Some contracts are longer than others
  • The application processing time is horrendously slow, taking upwards of a month to issue new business.
  • Athene is not a bank and is not FDIC insured.
  • Athene uses complex and new indexes for their fixed indexed annuities.
  • They do not offer variable annuities. However, they do offer RILA annuities.
Athene Annuity And Life Company

What We Like About Athene Annuities

  • Athene Annuity offers products that provide extra liquidity, return of premium, and accumulating penalty-free withdrawals.
  • Athene Annuity offers products that can help offset losses in your portfolio and give you premium bonuses of up to 20%.
  • Athene Annuity offers products that can provide lifetime income and enhanced death benefits. The lifetime income riders can provide an increasing income stream, which can help keep pace with inflation. The enhanced death benefits can provide additional protection for loved ones.
  • Athene Annuity offers products designed to provide growth potential through the performance of an index (Nasdaq FC, S&P 500) while offering some downside protection. 

These products help protect your investment portfolio from market volatility and enjoy peace of mind.

Next Steps

If you’re considering an annuity for your retirement income needs, we recommend that you contact us to see if Athene is the right fit for you. Athene is a reputable company with strong financial ratings. However, there are other annuity companies, so be sure to compare options before making a decision. We can help you find the best annuity for your unique situation and provide quotes from multiple providers. So contact us today to get started!

Request A Quote

Get help or a quote from a licensed financial professional. This service is free of charge.

Contact Us

Frequently Asked Questions

What is Athene Annuity’s login?

Athene’s login is available on their website.

What is Athene Annuity’s customer service number?

The customer service number for Athene Annuity is (888) 266-8489. Representatives are available Monday-Friday, from 8:00 a.m. – 5:00 p.m. CT, Monday – Friday.

What does Athene Annuity and Life Company specialize in?

Athene Annuity is a financial institution that specializes in offering annuity products to individuals. With a wide range of options, Athene Annuity helps customers plan for their future by providing guaranteed income during retirement. Their products are designed to provide stability and security for individuals seeking long-term financial stability.

What are Athene ratings?

Athene annuity ratings are a measure of the financial strength and stability of Athene, a leading provider of retirement solutions. These ratings are given by independent rating agencies and help investors make informed decisions about their annuity options. Athene has consistently received high ratings, reflecting its strong financial standing and commitment to delivering value to its customers.

What is the range of fees for Athene annuities?

The fees for Athene annuities can vary, ranging from no fees to approximately 1.50% in annual fees. This range depends on the specific type of annuity product you choose.

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

Scroll to Top