Read our annuity reviews for expert perspectives and insights prior to buying an annuity. The purpose of our annuity reviews is to help you make more informed financial decisions regarding retirement.
If you already own an annuity we also offer an annuity review service to help you be sure you are getting 100% of the benefits from your current investment.
Athene Annuity & Life Insurance Company is a leading provider of products in the retirement savings market. It is one of the industry’s fastest-growing writers of fixed indexed annuities. The vision for their retail business is to be the fixed annuity market leader with a strong capital base and efficient operating model. They offer a strong portfolio of fixed annuity products designed to meet consumers’ accumulation and retirement income needs.
Athene Annuity & Life Company was founded in 1896 and are domiciled in Iowa. As of June, 2020 they had just over $65 Billion in assets and are rated A with AM Best. Visit our Athene Financial Profile page for more detailed rating information.
Surrender Charge Schedule (CDSC):
7 Years:Â 9,8,7,6,5,3.9, 2.7%.Â
Maximum Issue Age: 83
Minimum Premium: $10,000
Maximum Premium: $1,000,000
Waivers: Return Of Premium (for a fee of 40 basis points) , Terminal Illness Waiver, Confinement Waiver
Free Withdrawals: 10% Annually Beginning Year 1
Payment Type: Single Premium
Death Benefit: Full Account Value
Not available in:Â NY PR VI
RMD Friendly: Yes
ROP (Return of Premium): Cost 40 basis points
Global Atlantic Financial Group, through its subsidiaries, offers a broad range of retirement, life and reinsurance products designed to help consumers address financial challenges with confidence. A variety of options are available to help individuals customize a strategy to fulfill their accumulation, income, protection, wealth transfer, and end-of-life needs.Â
Annuities are issued by Forethought Life Insurance Company or Commonwealth Annuity and Life Insurance Company. Global Atlantic Financial Group is the marketing name for Global Atlantic Financial Group Limited and its subsidiaries, which include Forethought Life Insurance Company. Each subsidiary is responsible for its own financial and contractual obligations.Â
Surrender Charge Schedule (CDSC):
7 Years: 9, 8,7,6,5,4,3,,0
Maximum Issue Age: 85
Minimum Premium: $25,000
Maximum Premium: $1,000,000
Waivers:Â Terminal Illness Waiver, Nursing Home, Market Value Adjustment
Free Withdrawals: 10% Annually Beginning Year 1
Payment Type: Single Premium
Death Benefit: Full Account Value
Not available in:Â NY PR VI
RMD Friendly: Yes
American General Life Insurance Company is part of American International Group (AIG), a multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions.
AIG was founded in 1960 and is domiciled in Texas. As of May 15, 2020, they had just over $192 Billion in assets and are rated A with AM Best.
Surrender Charge Schedule (CDSC):
7 Years:Â 8,7,6,5,4,3,2
Maximum Issue Age: 83
Minimum Premium: $2,500
Maximum Premium: $1,000,000
Waivers: Annuitization Waiver , Extended Care Rider, Terminal Illness Waiver, Activities Daily Living, Market Value Adjustment
Free Withdrawals: 10% Annually Beginning Year 2
Payment Type: Single Premium
Death Benefit: Full Account Value
Not available in:Â NY PR VI
RMD Friendly: Yes
American Pathway VisionMYG 10Â
American Pathway VisionMYG 4Â
American Pathway VisionMYG 5Â
American Pathway VisionMYG 6Â
American Pathway VisionMYG 7Â
American Pathway Fixed Annuity – Available as 5, 7 and 10 year products
American Pathway Fixed Annuity (with ROP) –Â Available as 5, 7 and 10 year products
Great American Life Insurance Company has been wholly or majority-owned by American Financial Group since 1973. The company is licensed in 49 states and the District of Columbia. It primarily writes both qualified and non-qualified fixed annuity products. In 2006, Great American introduced fixed-indexed annuities and has ranked as a top provider of these retirement products ever since.
Great American Life Insurance Company was founded in 1961 and is A-Rated with AM Best and as of June 2020 they had $35.8 Billion in assets. More in-depth information can be found on the Great American Financial Profile page.
Surrender Charge Schedule (CDSC):
7 Years: 9%, 8%, 7%, 6%, 5%, 4%, 3%
Maximum Issue Age:Â 85
Minimum Premium: $10,000
Maximum Premium: $1,000,000
Waivers: Nursing home, Terminal illness Unemployment
Free Withdrawals: 10% Annually Beginning Year 1
Payment Type: Single Premium
Death Benefit: Full Account Value
Not available in: AK CA PA UT
RMD Friendly: Yes
Great American increased annuity rates effective August 7th, 2020. Read the announcement to view their updated fixed index annuity rates.Â
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