Athene Performance Elite Annuity Series Review

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Company Profile and Financial Ratings

Athene, established in 1909, has demonstrated financial stability and reliability. In 2023, it received an A rating from AM Best and an A+ from Standard & Poor’s. These ratings reflect the company’s strong financial position and its ability to meet policyholder obligations.

Product Features

The Athene Performance Elite Annuity Series is tailored for safe retirement investing, offering 7, 10, and 15-year options. It stands out with its premium bonus and non-bonus options, providing flexibility for investors. Notably, the Performance Elite series is recognized for offering some of the highest premium bonuses among Fixed Index Annuities (FIAs).

An attractive feature of this product is the option to pay for higher upside potential. The Performance Elite version, in particular, offers a higher premium bonus coupled with extra liquidity options, enhancing its appeal to a broader range of investors.

Index Options and Strategies

Athene Performance Elite provides a variety of index options. However, it’s important to note that many of these indexes are complex and lack extensive historical performance data. For a more transparent and potentially rewarding approach, it is advisable to focus on well-known indexes like the S&P 500, Nasdaq, and Dow Jones. Utilizing an annual point-to-point strategy with these indexes can offer more opportunities to earn interest.

Comparison with Other FIAs and Retirement Accounts

Unlike some other FIAs, the Athene Performance Elite series does not offer a guaranteed lifetime withdrawal benefit. This could be a drawback for those seeking guaranteed income in retirement. However, its high premium bonuses and flexibility with premium options provide a competitive edge in the market.

Additional Benefits

A key advantage of this annuity is the provision of a lump sum death benefit to beneficiaries, ensuring financial security for loved ones. Additionally, it offers penalty-free withdrawals, adding a layer of liquidity that is valuable during retirement.

Athene Performance Elite Features

FeatureDescription
Premium OptionsBonus and Non-Bonus
Term Lengths7, 10, 15 years
Financial RatingsA (AM Best), A+ (S&P)
Index OptionsS&P 500, Nasdaq, Dow Jones
Unique BenefitsHigh Premium Bonuses, Extra Liquidity Options
Death BenefitLump Sum Payment to Beneficiaries
WithdrawalsPenalty-Free Options

Conclusion

The Athene Performance Elite Annuity Series offers a robust solution for those seeking a safe and flexible retirement investment. While it lacks a guaranteed lifetime withdrawal benefit, its high premium bonuses and additional liquidity options make it a strong contender in the FIA market. Remember, every annuity is unique and tailored to different needs.

Contact us today for a free comparison and quote.

Request A Quote

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

Contact Us
First
Last

Questions From Our Readers

Once the Athene Performance Elite Plus 15 reaches 15 years, does the policy need to be annuitized to receive the funds?

No, annuitization is not mandatory at the end of the 15-year period for the Athene Performance Elite Plus 15. You have the option to either take the funds as a lump sum or transfer the value to another financial product.

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