Reviews are posted at the request of readers so they could see an independent perspective when breaking down the positives and negatives of specific annuity contracts. See product brochure, disclosure and riders for additional details, limitations and availability. 3 times we had to verbally verify that we wanted to surrender our annuity and provide a reason, which none of the business. It's a great time for you to join one of the leading retirement services companies. The upcoming merger with Apollo will create a group that will be roughly split equally between asset management and insurance, on an earnings basis. From flexible investment options to guaranteed lifetime income streams, well cover everything you need to know to make informed decisions about securing your financial future. 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CA, CT, ID, MN, MT, NJ, NY, OH, OR, PA, UT and WA, Top Multi-Year Guaranteed Annuity Rates Summary, Deferred Income / Longevity Annuity Quote. Yes, Athene Annuity Insurance is available in all 50 states. This has been going on for 3 months since he died. For AK, NV, OK, SC and TX: Max Issue Age is reduced to 50. The Content is provided on an "as is" basis. Athene Annuity Insurance is available in most states, and customers can access their policies and make payments online for added convenience. I would like to go to the Iowa Insurance Division (IID) and will seek their intervention. Reviews are posted at the request of readers so they could see an independent perspective when breaking down the positives and negatives of specific annuity contracts. Annuities are not guaranteed by any bank or credit union and are not insured by the FDIC or any other federal government agency. The Athene Performance Elite Plus 15 is a deferred fixed indexed annuity issued by Athene Annuity & Life Company. Athene Annuity & Life Company - View Details. Research Update: Athene Holding Ltd. Upgraded To 'A-', Outlook Is Positive; Operating Entities Upgraded To 'A+', Outlook Is Stable. Enter into A Credit Agreement with A Syndicate of Banks, Athene Holding Ltd. I have spent hours and hours on the phone but again they have not sent a check or any explanation why my claim has not been paid. Laura serviced existing business and wrote new business. With an Athene Protector 5 fixed indexed annuity, you can save confidently for retirement. BBB directs its services to businesses and consumers in North America. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. Unfortunately, we cannot receive mail in our overseas location. Athene Holding Ltd. published this content on 18 May 2021 and is solely responsible for the information contained therein. For MA: Confinement penalty waiver not available. We could lower the ratings in the next 12-24 months if: Athene's stand-alone business profile becomes significantly concentrated in retail annuities; it consistently reports weak earnings relative to peers; or capital adequacy materially worsens to below 'AA'. Athene Annuity Review | SmartAsset.com For complete information about the cookies we use, data we collect and how we process them, please check our. I requested many times during the years to receive the "mail" via email but for whatever reason did not receive it. The outlook on the holding company ratings is positive. Athene Annuity & Life Company is a leading provider of products in the retirement savings market. Annuities are not guaranteed by any bank or credit union and are not insured by the FDIC or any other federal government agency. BBB directs its services to businesses and consumers in North America. Athene Holding Ltd and Athene Life Re Ltd Enters into Credit Agreement with Syndicate Banks, Athene Holding Ltd. Compare quotes from the top insurance companies and save! She married her husband and began working in the family insurance business in 2005. The Company issues, reinsures and acquires retirement savings products. Multi-year guarantee annuity. All reviews written by annuity experts, offering honest advice. Customer service is a joke and they do not deserve even 1 star! I have been put on their circle of lies for over a year now. State variations may exist, refer to product disclosure for details. Announces Tender Offer for $1,000 Principal Amount of Notes, Athene Holding Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022. Rating History AM Best has provided ratings & analysis on this company since 1928. For NH: Two-year index strategies not available. All Rights Reserved | Privacy Policy, We use cookies to enhance your experience while using our website. Is Athene Annuity And Life Company A Good Annuity Company? You can also allocate your premium between various strategy and index account options. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. Surrender charges may apply to withdrawals during the surrender period. For MD and MO: No Market Value Adjustment (MVA). Athene is very unprofessional and will lie to about how funds are processed when funds will be disbursed. BBB Business Profiles are subject to change at any time. At the end of 10 business days I called and the lady at the other end was very dismissive and frankly annoying. BBB Business Profiles may not be reproduced for sales or promotional purposes. The company is headquartered in West Des Moines, Iowa, and offers a wide range of insurance products and services, including auto, home, and life insurance. S&P Global Ratings | Research | May 18, 2021. S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or from obligors. Athene Annuity & Life Assurance Company - Company Profile - Best's Financials We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company. The stable outlook reflects our expectation that Athene will retain its competitive position in its core markets, maintain capital adequacy at 'AA' level, and keep growing profitably in its retail and reinsurance/acquisition businesses. Use the Ratings search box located in the left column. Complete ratings information is available to subscribers of RatingsDirect at www.capitaliq.com. Fitch Affirms Athene's Ratings; Outlook to Negative on Coronavirus Risk Whether customers live in California or New York, Texas or Florida, they can count on Athene Annuity Insurance to provide them with the coverage they need to protect their assets and loved ones. Purchases Group Annuity Contracts from Athene Holding Ltd, Rebecca H. Tadikonda Joins as Executive Vice President, Strategy and Innovation At Athene Holding, Athene Holding Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022. Rated A by A.M. Best, indicating excellent financial stability and strength. Independent Review of the Athene Agility 10 Annuity - Pros and Cons Explained . It's the same number---the one that doesn't work! 1 Financial strength ratings for Athene Annuity & Life Assurance Company, Athene Annuity and Life Company, and Athene Annuity & Life Assurance Company of New York. BBB is here to help. Since Athene's holding company's debt and preferred shares rely on cashflow from its regulated subsidiaries, our rating on it is currently two notches lower, at 'A-'. The amount of the payments and the length of the guaranteed stream of income depend on the terms of the annuity contract. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option. I requested withdrawal 03/09/23, and when nothing happened, I called them and they said "It takes 6-8 business days" for electronic fund transfer to my bank account. What are the ratings for Athene Annuity Insurance? By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company. At the same time, we raised our rating on the holding company to 'A-' from 'BBB+'. Fixed Account Guaranteed Minimum Interest Rate: Index Accounts - Annual Cap and Participation Rates: Any Index - Highest Participation Rate (WITH Charge/Fee): Any Index - Highest Participation Rate (NO Charge/Fee): S&P 500 - Point-to-Point Cap (WITH Charge/Fee): S&P 500 - Point-to-Point Cap (NO Charge/Fee). I have tried numerous times to log in to my account on-line only to be informed that my UN and PW don't match. During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Did not meet their own deadline of 8-10 business days. We also use content and scripts from third parties that may use tracking technologies. Anyway, I have no option because I am at their mercy so I gave the verbal approval. She told me "O we are waiting for a verbal approval" I said are you kidding me? 7700 Mills Civic Pkwy West Des Moines, IA 50266-3862, 1080 Jordan Creek Pkwy West Des Moines, IA 50266-6004. Athene Annuity & Life Company - View Details. Insurance products may not be available in all states. Athene Annuity Insurance Review & Ratings (2023). International Association of Better Business Bureaus. Allianz Annuity Review - Forbes Advisor S&P keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. After 2 days, I called last Friday and they said again it will take 1-2 business days to get the money. Minimum Interest Credit guarantee. Its products include individual annuities and group annuities. See Terms of Use/Disclaimer on the last page. The institutional channel includes reinsurance and group annuity contracts related to pension group annuities. Surrender charges may apply to withdrawals during the surrender period. Venerable's overall projected annual cash flow is estimated to increase by approximately 15%. Fitch Upgrades Athene's Ratings to 'A+'; Outlook Stable 1 MarketScreener is worth more than 1000 Influencers! We're available to answer questions, help you manage your annuity contract, or make a claim. Our opinions are our own. Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below. Although the merger will better align the two companies, we see no material difference in the way Athene will be managed after the merger, which further strengthens our view that our ratings are not limited by the upcoming transaction. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. See details. This annuity is a premium banded product. These expansions reflect the strength of Athene's business model and competitive advantage in its various spread-lending businesses. This is great news for customers who are looking for a reliable and trusted insurance provider that can offer coverage in multiple states. User does not have to select a country if they click this link. This annuity imposes an annual liquidity rider charge. Reset. Successful execution of Athene's strategy calls for it to maintain and boost its capital; and the company operates under a regulatory regime that could limit distributions to the rest of the group in times of stress. Upfront bonuses are frequently subject to a vesting schedule. Independent rating agencies meet annually with Athene to evaluate our performance. User does not have to select a country if they click this link. On average, customers can expect to pay around $1,200 to $1,500 per year for home insurance from Athene Annuity Insurance. And you'll rest easy knowing your money is there if you need it whatever life sends your way. While the increased scale does not in and of itself affect our ratings, the combination of the company's profitable growth, strong earnings vis--vis peers, and capital position supports its credit quality. Athene Annuity Insurance was founded in 2009 as a subsidiary of Athene Holding Ltd., a leading retirement services company. Athene Annuity & Life Company - View Details. Customers of Athene Annuity Insurance may be eligible for several discounts, including safe driver, multi-policy, good student, home safety, and bundling discounts. My planner who is my agent has helped me tremendously place my assets for protection in the right place; and Athene is a nice part of that. Please begin by refreshing the page to see if your location populates the Near field. US Insurance Agents works hard to provide our users with a fast and simple way to get and compare insurance rates for multiple lines of insurance. This is the guaranteed annual yield, including bonuses if applicable, for the . Beginning with the first contract year, and each year thereafter, this annuity provides up to 10% of the contract value may be withdrawn from the annuity each contract year without penalty. If you're still having trouble, please consult your browser's help page, or choose a city and state/province from the type ahead dropdown choices. From the drop-down menu, select the type of insurance youre interested in, such as Auto Insurance, Home Insurance, or Life Insurance.. Athene : S&P Global Ratings Upgrades Financial Strength Ratings of I cant get anywhere with them One person says one thing and another something totally different. Copyright 2023 Surperformance. Entity Athene Annuity & Life Assurance Company Insurance / Global / North America / United States EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side) 01 Ratings *Premium Content Fitch Red Rating History Long Term Insurer Financial Strength 02 Rating Actions 03 Insights Athene Holding Ltd. This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. Reload the page and repeat your search. All rights reserved. This annuity offers 15.00% as an upfront bonus. Customer Reviews are not used in the calculation of BBB Rating. In order to reach customer service, you must wait on hold for an hour, at which point you are told the account no longer exists, or you are not a beneficiary (even though evidence has been provided), or you have no right to that information even though you are the court appointed representative. Athene USA has 2 locations, listed below. She now uses her insurance background to help educate Advertiser Disclosure: We strive to help you make confident insurance decisions. Opening Thoughts on the Athene MYG 5 Fixed Annuity Athene USA is a relatively new name for an acquisition of a long-established life insurance carriers that have a century-old track record in the industry. This is the most unresponsive and infuriating company I have ever had the misfortune to deal with. Please click on the country abbreviation in the search box below to change to a different country location. The business is principally comprised of guaranteed minimum income benefit (GMIB) rider annuitizations and annuitized fixed annuity contracts, all previously reinsured with Athene. If you have not received a code within 2 minutes, you can re-send it. Now, I have not had to call the 800 number. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. All ratings affected by this rating action can be found on S&P Global Ratings' public website at www.standardandpoors.com. Your email address will not be published. Your first name and first initial of your last name will display online. Athene Ascent Pro 10. We update our site regularly, and all content is reviewed by insurance experts. I as a beneficiary on my ex-husband's policy have not had any luck receiving the funds on his policy. Protecting savings in turbulent times. Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. Athene Protector 5. BBB Business Profiles are subject to change at any time. To the extent that regulatory authorities allow a rating agency to acknowledge in one jurisdiction a rating issued in another jurisdiction for certain regulatory purposes, S&P reserves the right to assign, withdraw or suspend such acknowledgment at any time and in its sole discretion. The interest rate you earn will vary depending on the amount of premium you deposit(see Rate Details below). Make sure you click Allow or Grant Permission if your browser asks for your location. How can I purchase an annuity from Athene Annuity Insurance? When your full premium deposit is allocated to the fixed interest account, the current first year yield (including bonus if applicable) is 19.43% (see Rate Details below). Athene : S&P Global Ratings Upgrades Financial Strength Ratings of Athene's Operating Companies to ‘A+', We are upgrading Athene to reflect its continued profitable growth throughout the, We do not expect its upcoming merger with Apollo to significantly affect Athene's. (Your mobile company might charge you for receiving text messages. I really hope this company fails!!!!! On . Retirement Services has retail operations, which provide annuity retirement solutions to its policyholders.