Unbiased Athene Agility 10 Review

Athene Agility 10 Review Picture of Athene Agility 10 Consumer Brochure Cover

Unbiased Athene Agility 10 Review

The Athene Agility 10 has quickly become one of the best-selling indexed annuities and for good reason. This 10 year fixed index annuity comes with many features built-in for free; however, as great as it is it isn’t for everyone. 

In this Athene Agility 10 Review we will cover:

Is Athene a Good Annuity Company?

Athene annuity logo
 

Athene Annuity and Life Insurance Company is a strong insurance company with an A Rating from AM Best; they are also a major player in the U.S. annuity market. 

When evaluating an annuity it is always important to consider the insurer’s financial strength because an annuity’s guarantees are backed by the claims-paying ability of the issuing insurance company. 

Athene passes this test with strong financial ratings and comes in #1 in overall index annuity sales in 2020.

So without further ado; let us dive into our Athene Agility 10 Review. 

Athene Annuity RatingsRating
A.M. Best Rating A
Fitch Ratings A
Comdex 78
Standard & Poor's A

Agility 10 Annuity Rates & Indexes

The Athene Agility 10 is a fixed index annuity with a 10-year contract term. One of the things we really like is the Athene Agility 10 offers annual and two-year annual reset options:

#1. Annual Point to Point

#2. Two Year Point to Point

It has a participation rate and a capped index crediting strategies as well as a fixed-interest option.

 

Index and crediting options

 

BNP Paribas Multi-Asset Diversified 5 Index
  • 2-Year No Cap Point-to-Point Index Strategy (Par Rate)
  • 1-Year No Cap Point-to-Point Index Strategy (Par Rate)
Nasdaq FC Index
  • 2-Year No Cap Point-to-Point Index Strategy (Par Rate)
  • 1-Year No Cap Point-to-Point Index Strategy (Par Rate)
Al Powered US Equity Index
  • 2-Year No Cap Point-to-Point Index Strategy (Par Rate)
  • 1-Year No Cap Point-to-Point Index Strategy (Par Rate)
S&P 500®
  • 2-Year Point-to-Point Index Strategy (Cap)
  • 1-Year Point-to-Point Index Strategy (Cap)
Fixed Account

Download: Athene Agility 10 Rates & Product Guide

Related Reading

Athene Agility Historical Performance

BNP Paribas Multi-Asset Diversified 5 Index 2 Yr pt.-to-pt.

Below we will look at the historical rates of return for Agility 10; remember, hypothetical illustrations are not guaranteed. I an Athene Agility 10 Illustration using a $50,000 initial premium into the:

Here’s how the annuity might have looked over 3 different 10-year periods. The values show what would happen if the stated index earned indexed interest using current rates for the periods indicated. 

Annualized Credited Rate does not reflect any rider or contract charges.

  • 5.23% for the Most Recent 10 Year Period
  • 5.65% for the Highest 10 Year Period
  • 4.71% for the Lowest 10 Year Period
 

Athene agility 10 annuity review chart showing historical performance of 2-year bnpmad5 ptp participation rate

 

Athene Agility 10 Illustration: 2-Year Nasdaq FC Par Rate

Below are the tables from an Athene Agility 10 Illustration placing a $50,000 initial premium into the:

Here’s how the annuity might have looked over 3 different 10-year periods. The values show what would happen if the stated index earned indexed interest using current rates for the periods indicated. 

Annualized Credited Rate does not reflect any rider or contract charges.

  • 6.19% for the Most Recent 10 Year Period
  • 6.19% for the Highest 10 Year Period
  • 2.21% for the Lowest 10 Year Period
 

Athene agility 10 illustration 2-year nasdaq fc ptp participation rate

 

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Athene Agility 10 Reviewed: Product Highlights

Athene Agility 10 is a fixed index annuity 10-year index annuity that boasts a free income rider with 2 options available at the time of issue. 

Flex premiums: 

Not available

Maximum:

$1,000,000 Higher Limits may be available with Home Office Approval

Minimum:

$10,000

Types of funds:

AGE RESTRICTIONS

Owner: 40 – 80

 

Annuitant: 40-80

 

Owner:

40 – 80

Annuitant:

40 – 80

FEES:Athene Agility 10 has no fees

PREMIUM NOTES

Minimum: $5,000 in AK, HI, MN, MO, NJ, OR, PA, TX, UT and WA 

Terminal Illness: 

You can withdraw up to 100% of your annuity’s Accumulated Value if the Annuitant is diagnosed with a Terminal Illness that is expected to result in death within one-year and you meet the eligibility requirements. 

This waiver is available after your first Contract Anniversary. You may not be diagnosed during the first Contract Year. Additional limitations, state variations and exclusions may apply. Please see the Certificate of Disclosure for more information.

Confinement
After the first Contract Year, you can withdraw up to 100% of your annuity’s Accumulated Value if the Annuitant is confined to a Qualified Care facility for at least 60 consecutive days and meets the eligibility requirements.

Confinement must begin after the first contract year. Additional limitations, state variations and exclusions may apply. Please see the Certificate of Disclosure for more information.

Bail-Out
If Athene lowers the declared 1-Year Point-to-Point Index Strategy Cap Rate below the Bailout Cap Rate, you’ll have full access to your annuity’s Accumulated Value-free of any charges for up to 30 days after the Contract Anniversary in which the Bailout Cap Rate was pierced. 

After the 30-day Bailout Window, all charges may apply.

SURRENDER CHARGE SCHEDULE

1 yr.    2 yr.   3 yr.      4 yr.    5 yr.    6 yr.    7 yr .    8 yr.   9 yr.   10 yr.

9%     9%       8%        7%      6%       5%      4%       3%      2%      1%

Athene Agility 10 Income Rider Included at No Cost

Benefit Base Bonus

Here is how your Benefit Base is Built?

Your Benefit Base will continue to receive Interest Credits — even while you’re getting your “retirement paycheck.”


Prior to starting income, your Benefit Base will increase by 175% of any Interest Credits that are added to your annuity’s Accumulated Value. 

Once you start receiving your retirement paycheck, your Benefit Base will continue to grow by 175% of any interest credits you earn. This provides you with an enhanced Death Benefit.

The Benefit Base is equal to the Initial Premium, plus the Benefit Base bonus amount. On each Anniversary, the Benefit Base will be credited 175% of the dollar amount credited to the Accumulated Value. 

During the Income Phase, the Benefit Base will continue to grow 175% of the dollar amount credited to the Accumulated Value.

Enhanced Death Benefit
The Benefit Base is paid out in equal payments over the currently declared Death Benefit Payout Period. The Death Benefit Payout Period is currently set to five years and is guaranteed not to exceed ten years.

Enhanced Death Benefit capped at 125% Cash Surrender Value or 250% net premium in AK, HI, NJ, PA, and WA.

Enhanced Income Benefit Availability and Qualification
To qualify for the Enhanced Income Benefit, the person for whom Lifetime Income Withdrawals are based must be confined to Qualified Care Facility for 180 out of the last 250 days. 

The Lifetime Income Withdrawal amount will be doubled if qualifications are met, and the Accumulated Value is greater than zero. Not available in all states.

Athene Agility 10 Illustration: Lifetime Income

Below are the tables from a $100K Athene Agility 10 Illustration placing $50,000 of premium into each of these 2 crediting options:

  1. 2-Year Nasdaq FC PTP Rate: 62%
  2. 2 -Year BNP Paribas Multi-Asset PTP Rate: 90%

The annuity was purchased at age 55 and income payments are deferred 10 years; the number are for single lifetime income payments.

Hypothetical Income at 65

Here’s how the annuity might look over a 30-year period. The values show what would happen if the allocations earned interest using current rates in all years. The indexed interest is based on actual index performance during the most recent 10-calendar year period for the first 10 years. We repeat the index performance from this 10-year period afterwards.

Age

Annual Payment

Account Value

Interest

Income
Base

65-66

$12,381

$162,061

0%

$237,156

66-67

$12,381

$159,513

6.88%

$219,038

67-68

$13,233

$146,281

0%

$200,868

68-69

$13,233

$159,576

19.96%

$182,697

69-70

$15,874

$143,702

0%

$164,523

70-71

$15,874

$131,314

2.7%

$146,349

71-72

$16,303

$115,011

0%

$128,180

72-73

$16,303

$106,841

8.48%

$110,010

73-74

$17,686

$89,155

0%

$91,800

74-75

$17,686

$87,902

22.78%

$73,589

75-76

$21,715

$66,187

0%

$55,410

76-77

$21,715

$47,256

6.88%

$37,231

77-78

$23,209

$24,047

0%

$18,946

78-79

$23,209

$1,006

19.96%

$661

79-80

$27,841

$0

0%

$0

80-81

$27,841

$0

2.7%

$0

81-82

$28,594

$0

0%

$0

82-83

$28,594

$0

8.48%

$0

83-84

$31,019

$0

0%

$0

Guaranteed Income at 65

Here’s how the annuity might look over a 30-year period. The values show what would happen if the indexed allocations earn zero indexed interest and the fixed allocation earns the minimum guaranteed fixed rate in all years.

Age

Annual Payment

Account
Value

Interest

Income
Base

55-56

$0

$100,000

0%

$125,000

56-57

$0

$100,000

0%

$125,000

57-58

$0

$100,000

0%

$125,000

58-59

$0

$100,000

0%

$125,000

59-60

$0

$100,000

0%

$125,000

60-61

$0

$100,000

0%

$125,000

61-62

$0

$100,000

0%

$125,000

62-63

$0

$100,000

0%

$125,000

63-64

$0

$100,000

0%

$125,000

64-65

$0

$100,000

0%

$125,000

65-66

$6,063

$93,938

0%

$117,422

66-67

$6,063

$87,875

0%

$109,844

67-68

$6,063

$81,813

0%

$102,266

68-69

$6,063

$75,750

0%

$94,688

69-70

$6,063

$69,688

0%

$87,109

70-71

$6,063

$63,625

0%

$79,531

71-72

$6,063

$57,563

0%

$71,953

72-73

$6,063

$51,500

0%

$64,375

73-74

$6,063

$45,438

0%

$56,797

74-75

$6,063

$39,375

0%

$49,219

75-76

$6,063

$33,313

0%

$41,641

76-77

$6,063

$27,250

0%

$34,063

77-78

$6,063

$21,188

0%

$26,484

78-79

$6,063

$15,125

0%

$18,906

79-80

$6,063

$9,063

0%

$11,328

80-81

$6,063

$3,000

0%

$3,750

81-82

$6,063

$0

0%

$0

82-83

$6,063

$0

0%

$0

83-84

$6,063

$0

0%

$0

84-85

$6,063

$0

0%

$0

Athene Agility 10 Pros and Cons

PROS

  • 5 Different Indexes to choose from
  • Uncapped crediting options available on 4 of the indexes
  • Annual point to point and two-year point to point options available for diversification
  • Innovative AiPex, BNPMAD5, and Nasdaq FC Indexes
  • Athene is a Strong and Financially Stable Insurance Company
  • Enhanced Death Benefit no cost
  • Enhanced Income Benefit no cost
  • All riders are built-in at no cost (no fees)
CONS
  • The hypothetical Rate of return on back-testing is not as good as other annuity products, including Athene’s own Performance Elite 7.
  • You must wait at least 10 years to turn on the lifetime income rider.
  • The income rider is mandatory.
  • 25% premium bonus only applies to Benefit Base
  • To qualify for the Enhanced Lifetime Income Withdrawals you must be confined to Qualified Care Facility for 180 out of the last 250 days.  (can’t use for in-home health case like you can in the Athene Ascent Pro 10)

Athene Agility 10 Review: Final Thoughts

I’ll wrap up my Athene Agility 10 review with some final thoughts. The Agility 10 is not a great annuity if your objective is safe accumulation. The cap and participation rates are lower than they are on Athene’s other annuity products.

Additionally, the Athene Agility 10 has a 10-year contract term and I suggest staying in the 5 to the 7-year range for accumulation.

This is a great option if you are less than 60 years of age and plan to use this annuity as part of your retirement income plan.

Bottom Line: I would not recommend the Athene Agility 10 if you are looking for annuity to grow your money in a safe and steady way. If you plan to turn this portion of your portfolio into a lifetime income stream, Agility 10 is quite possibly the best option available (Allianz 222 also get’s a consideration). 

More Athene Annuity Reviews

This is an independent Athene Agility 10 review, not a recommendation or solicitation to buy or sell an annuity.  Athene Annuity and Life Company have not endorsed this product review in any fashion and we don’t receive any compensation from it. 

Be sure to do your own due diligence, we recommend consulting with a properly licensed tax, legal or financial professional regarding any questions you may have prior to making any purchasing decision. 

Values shown are not guaranteed unless specifically stated otherwise. Rates and annuity payout rates are subject to change. Actual values may be higher lower than the values shown. The illustration is not valid without all 18 pages and the statement of understanding. Not available in all states.

Annuities are subject to the terms and conditions of the specific contract issued by the insurer, are not FDIC or NCUA insured, are not bank guaranteed, may lose value, and are not a deposit. Please call (855) 583-1104 if you have any questions or concerns. 

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