Athene Annuity and Life Insurance Company Review for 2024

What You Should Know About Athene Annuity and Life Company

If you’re searching for a life insurance company, you may want to consider the Athene Annuity and Life Company. Athene Annuity and Life offers life insurance products and annuities, and the company caters to people who want to plan wisely for retirement, are nearing retirement, or who need annuities and life insurance for seniors over 60.

To learn more about Athene and the annuities and life insurance options with the company, continue reading this Athene Annuity and Life Company review. Then, be sure to find and compare quotes from other life and annuity companies to make sure you don’t end up overpaying for insurance coverage.

You can use our free quote tool above to find and compare rates for life insurance and annuities to see how much you could save today.

Athene Annuity and Life Company Insurance Coverage Options

Athene’s major products lie with its annuity options. With Athene, you have the chance to purchase the following types of annuities:

• Fixed indexed annuities (FIAs)
• Registered index-linked annuities (RILAs)
• Fixed annuities
• Immediate annuities

If you’re new to the concept of annuities, you may want to do some more research to know whether an annuity would work best for you when it comes to planning for your future.

Essentially, annuities help ensure that you don’t outlive your retirement fund once you’re no longer working. With an annuity, you can continually grow your savings while simultaneously creating a guaranteed income source so you can retire without worrying whether you’ll have enough money.

Annuities are considered by many people to be a type of investment in your future, but most annuities are contracts that you hold with an annuity or life insurance company. This means that, so long as you follow the rules and don’t break the contract of your annuity, you will always receive specific guarantees.

With most annuities, you can expect a cash-deferred growth on which you will not pay any taxes until you withdraw funds. Your money in an annuity can grow, but it can also allow you to better manage your risk of loss. This level of risk management makes many clients feel safe when planning for their futures.

What types of annuities does Athene offer?

Because there are different types of annuities, you may be curious whether one would work the best for you and your future.

With an FIA, your principal is well protected from the potential of loss because the investments with this type of annuity are measured, and you don’t actually have to own stocks. You may have the option to purchase additional riders with an FIA, but it will depend on the situation.

RILAs come with the option to assume some of the risk associated with a loss from the downturn of any specific stock market. Because of this, a RILA often offers the option of a greater growth potential than an FIA or other annuities on the market.

Fixed annuities provide a tax-deferred growth at a fixed rate that will not vary. This rate is set for a specific amount of time in an annuity contract. This type of annuity offers you the opportunity to produce an absolute and guaranteed stream of retirement income that you will not outlive.

Lastly, immediate annuities are the most predictable of the options Athene offers. You pay the company an amount of money, and the immediate annuity pays you a guaranteed amount for a specific period of time. This period can differ from one annuity to the next.

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Athene Annuity and Life Company Insurance Rates Breakdown

Determining the cost of insurance involves various factors that impact the pricing structure. Athene Annuity and Life Company considers several key elements when calculating insurance costs, ensuring a personalized and accurate assessment.

• Age and Health: The age and health status of the policyholder play a crucial role, with younger and healthier individuals typically receiving more favorable rates.
• Coverage Type: The type of annuity or life insurance coverage selected influences the overall cost, with different products catering to varying financial goals.
• Policy Amount: The desired coverage amount directly correlates with the premium, as higher coverage levels often result in increased costs.
• Riders and Add-ons: Additional features, such as riders and supplementary benefits, can impact the cost, allowing policyholders to customize their coverage but potentially increasing expenses.
• Gender: Historically, insurers have considered gender in pricing, with some variations based on actuarial data.
• Smoking Status: Tobacco use can lead to higher premiums due to associated health risks.
• Payment Frequency: Choosing different payment frequencies, such as annual versus monthly, can affect the overall cost.

These factors collectively contribute to the insurance cost structure for Athene Annuity and Life Company, reflecting the company’s commitment to offering tailored solutions to its diverse clientele.

Athene Annuity and Life Company Discounts Available

When considering insurance products, Athene Annuity and Life Company provides various discounts to enhance affordability for its customers. These discounts cater to different needs and circumstances, allowing policyholders to optimize their coverage while enjoying potential savings.

• Safe Driver Discount: Rewards policyholders with a clean driving record over a specified period.
• Multi-Policy Discount: Offers a discount for customers who hold multiple insurance policies with Athene.
• Good Student Discount: Recognizes full-time students with a certain grade point average.
• Low Mileage Discount: Rewards policyholders who drive fewer miles than the average.
• Homeowner Discount: Provides a discount to customers who own a home or other property.
• Anti-Theft Discount: Offers savings for installing anti-theft devices in insured vehicles.
• Safety Features Discount: Applies to vehicles equipped with specific safety features, such as airbags and anti-lock brakes.

These discounts reflect Athene Annuity and Life Company’s commitment to providing value-driven solutions and ensuring that policyholders can access quality coverage at competitive rates.

How Athene Annuity and Life Company Ranks Among Providers

Athene Annuity and Life Company operates in a competitive insurance market, contending with various companies that offer similar products and services. Understanding its key competitors provides insight into the broader landscape of the insurance industry.

• Prudential Financial, Inc.: A major financial institution offering a range of insurance and financial services.
• Pacific Life Insurance Company: Known for its life insurance, annuities, and investment products.
• Allianz Life Insurance Company: An international financial services provider with a focus on insurance and asset management.
• American Equity Investment Life Insurance Company: Specializes in fixed index and fixed rate annuities.

These competitors contribute to the dynamic environment in which Athene Annuity and Life Company operates, each striving to meet the diverse needs of customers and provide competitive insurance solutions.

Should I get an annuity with Athene?

If you are planning for your retirement, you may be curious whether an annuity would work well for you. The following checklist may help you decide whether you’re in a good place to purchase an annuity and reap the benefits of your decision.

You may want or need an annuity if:

• You’re already saving for retirement with a work-sponsored 401-k or RothIRA plan
• You don’t anticipate needing the money before you turn 60
• You think there’s potential for you to outlive your savings
• You want to leave a legacy, such as a death benefit

If you meet these criteria, consider calling and speaking with an Athene representative to see whether an annuity is right for you. But if you need life insurance for seniors over 80, you may want to consider options with other companies.

Regardless of what you choose, don’t forget to find and compare quotes from other companies so you can avoid overpaying for the coverage you want.

Does Athene have a helpful website?

The Athene company website allows you to view the company’s annuities and offers a great deal of information for anyone interested in an annuity. Policyholders can use their Athene.com login to access specific information on Athene’s website concerning their policies.

Using the Athene Annuity and Life Company login can also allow policyholders to speak to a representative or agent if they have any questions about their policies.

If you are interested in learning more, you can call the Athene Annuity and Life Company phone number or even mail your questions to the Athene Annuity and Life Company address if you would prefer those methods rather than using the company’s website.

Should I get life insurance with Athene?

Athene’s annuities may be a good option for you, but the only way to know for sure is to assess where you are, what you need, and what type of annuity or life insurance policy will help with that the most.

If you decide that you do want to purchase an annuity, you can speak with an Athene agent to get more information and ask for a quote. But you should also pursue quotes from other companies to compare prices and choose the option that works best with your budget.

In fact, you can use our free quote tool below to find and compare life insurance policies and annuities that would work best for you.

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