When it comes to choosing an annuity company, there are many options to choose from. Athene Annuity and Life Company are one of the top providers of annuities in the United States. So, is Athene Annuity a good company? Let’s examine some of the pros and cons of this review.
Who is Athene Annuity And Life Company?
Athene Annuity and Life Company provide 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.
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.
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 FDIC Insurance?
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.
What Are Athene’s Pros?
- 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.
- The company is rated
- A by A.M. Best
- A+ by Fitch
- A+ by Standard & Poors
- Athene offers a variety of annuity products that offer:
- Guaranteed interest rates
- Growth potential with protection from stock market downturns
- Guaranteed income for life and inflation help (some products)
- Premium Bonuses
- Enhanced death benefits
What Are Athene’s Cons?
- 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.
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!
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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.