Independent Annuity Review

Athene Performance Elite

Fixed Index Annuity


BY JEREMIAH KONGER, September 10th, 2020 11:00 AM


Athene - Performance Elite

Annuity Type:  Fixed Index

A.M. Best Carrier Rating A

Surrender Schedule: 7yrs/10yrs/15yrs

Included Riders: Confinement Waiver of Withdrawal Charges (No Fee); Terminal Illness Waiver of Withdrawal Charges (No Fee)

Optional Riders: Elite Plus Version includes enhanced liquidity, Return of Premium, and Bonus Options for a .95% rider charge.

Strategy Charges:  1.75% Optional (Higher Participation Rates)

Free Withdrawal:  5% Annual (Elite 10 & 15)

10% Annual (Elite 7) Enhanced Liquidity up to 20% available in Plus version.

SURRENDER CHARGE SCHEDULE
year year year year year year year year year 10 year
12% 12% 12% 11% 10% 9% 8% 7% 6% 4%

What is your number one priority, as you start to consider retirement plan options? For different people, there may be very different answers. However, one common theme when it comes to retirement planning is having enough money to take care of all of the needs, wants, and desires that arise during your golden years. So, what is the best way to grow your money?

 

There are many types of annuities that can help you reach your financial goals, and the Athene Performance Elite Fixed Index Annuity is on that list. In fact, this particular annuity is one of the stronger growth focused annuities on the market. The Athene Performance Elite comes in two variations - one with a fee, and one without a fee. Why would you want to pay the fee, if you were given the choice? Simply put, the fee variation offers more upside potential for your growth.

 

Just how much growth is available with the Athene Performance Elite Fixed Index Annuity? If you decide to go the fee route, you have the ability to receive up to an industry leading 195% participation rate from the BNP Paribas Multi-Asset Index No Cap Strategy. Additionally, you will find participation rates of at least 100% within the NASDAQ FC and AI-Powered US Equity indexes. All of that means that there are powerful growth options that can return market like upside performance without the market risk.

 

If you are interested in an annuity that gives you more access to your money, just in case the need arises, you may want to check out the Athene Performance Elite. This annuity comes with a Liquidity Rider, which enhances your flexibility with regards to withdrawals and collecting money when you may need it most.

 

While the Athene Performance Elite Fixed Index Annuity provides a lot of strong growth options, it does not bring much to the table when it comes to guaranteed income and long-term care benefits. If you are searching for an annuity that will give you the highest streams of guaranteed income, or something that can comfortably support you in the event of a long-term care event, there are better options on the market.

 

Overall, those looking for a safe way to grow their money during retirement will find it very difficult to beat the Athene Performance Elite Fixed Index Annuity. Leading the Fixed Index Annuity industry with participation rates bringing you as much as 195% of your earnings, you can grow your money in a powerful way with this annuity with no zero market downside. But, as mentioned previously, those with priorities rooted in guaranteed income or long-term care benefits may want to look elsewhere.

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What We Like


  • Strong Back-Tested Performance according to our back-testing analysis, this annuity would have returned on average 11.82% the last 10 years Dec 2009-Dec 2019, leading the industry in potential performance.

  • Industry Leading Participation Rates 195% Participation Rates on the BNP Paribas Multi-Asset Index make this annuity one of the top safe growth Fixed Index Annuities on the market.

  • Premium Bonus applied to Accumulation Value

    • Elite Plus 7 - 6% (Most States)
    • Elite Base 10 - 4% (Most States)
    • Elite Plus 10 - 10% (Most States)
    • Elite Base 15 - 9%
    • Elite Plus 15 - 15% (Most States) 

     

    *View Rate Guide Below For More Details

     

  • Enhanced Liquidity Access to 20% free withdrawal if no withdrawal taken prior year (included in .95% rider charge on Plus version) 

What Can Be Improved


  • Enhanced Participation Trade-Off to earn the higher participation rates, you must elect for the enhanced strategy charge 1.75% essentially removing the guaranteed 0% flood if the index strategy doesn't performance positively.

  • No Lifetime Income Riders the Performance Elite is a growth focused annuity with no lifetime income rider options.

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