Athene Activate Immediate Annuity Review & Free Quotes
Turning retirement dreams into reality
Preparing for retirement can be exciting. After years of saving and planning, you’re ready to turn the money you’ve accumulated into a “retirement paycheck,” but you may have many big questions to answer:
- How will I spend my time once I retire?
- How do I set up a budget that allows me to do all I’ve waited for, and ensure my money lasts through retirement?
- What factors impact what I receive from Social Security?
- How do I make the best decision for my situation?
- What impact will market conditions, like volatility or inflation, have on my retirement income plan?
- How can I plan for the tax implications that come with retirement income?
- How can I approach legacy planning with the goal of passing on remaining benefits on?
While there are many concerns, you have access to a simple solution to get started.
Ensure your retirement can last a lifetime
Athene Activate™ is a Single Premium Immediate Annuity that can help build your confidence by providing immediate guaranteed income.
Athene Activate can meet your needs as you enter the next phase of your retirement journey.
Athene Activate can meet you wherever you are in your retirement journey. Choose from a variety of payment options designed to initiate your “retirement paycheck.”
Period Certain Only
Payments for a guaranteed period of 5 to 30 years, available in annual increments. Payments are made regardless of whether or not the Annuitant is living.
Single Life
Payments for the lifetime of the Annuitant. Payments end when the Annuitant dies, with no death proceeds paid. The total amount received may be less than the premium paid.
Single Life with Period Certain
Payments for the longer of 1) the lifetime of the Annuitant and 2) a guaranteed period of either 5, 10, 15 or 20 years. If the Annuitant dies before the end of the guaranteed period, the remaining guaranteed payments go to the beneficiary.
Single Life with Installment Refund
Payments for the longer of 1) the lifetime of the Annuitant and 2) a guaranteed period equal to the time required for cumulative payments to at least equal the premium. If the Annuitant dies before the end of the guaranteed period, the remaining guaranteed payments go to the beneficiary.
We had heard about annuities and were investigating them for our IRAs. We also heard bad things about pushy brokers over the years. So when we went to the ImmediateAnnuities.com site we were skeptical about calling them. But whenever we called their staff was really friendly. They answered all our questions and one of their reps even told us that at our ages there was no advantage to buying the annuity with our IRAs. These guys are really honest!
Single Life with Cash Refund
Payments for the lifetime of the Annuitant, with a lump sum paid to the beneficiary at death. The lump sum is equal to the difference between the premium and cumulative payments made to date. Once cumulative payments exceed the premium, the refund becomes zero.
Joint Life and Last Survivor (100%, 66.67%, 50%)
Payments for the joint lifetime of both Annuitants. At the first death of either Annuitant, the payments may be reduced, depending on the option chosen (100%, 66.67%, 50%). Payments end when both Annuitants die.
Joint Life and Last Survivor with Period Certain
Payments for the longer of 1) the joint lifetime of both Annuitants and 2) a guaranteed period of either 5, 10, 15 or 20 years. If both Annuitants die before the end of the guaranteed period, the remaining guaranteed payments go to the beneficiary.
Joint Life and Last Survivor with Installment Refund
Payments for the longer of 1) the joint lifetime of both Annuitants and 2) a guaranteed period equal to the time required for cumulative payments to at least equal the premium. If both Annuitants die before the end of the guaranteed period, the remaining guaranteed payments go to the beneficiary.
Joint Life and Last Survivor with Cash Refund
Payments for the joint lifetime of both Annuitants, with a lump sum paid to the beneficiary at death. The lump sum is equal to the difference between the premium and cumulative payments made to date. Once cumulative payments exceed the premium, the refund becomes zero.
Understand who’s who
A Single Premium Immediate Annuity contract contains a few key roles which have different benefits and responsibilities. One person may have more than one role.
- Owner: Has all rights to the contract and is responsible for paying taxes on the taxable portion of the income.
- Annuitant: The person or persons that determine the amount, and at times, the length, of the annuity payments based on their lifetime(s).
- Payee: The person or entity (such as a trust or charity) that receives payments while an Annuitant is alive. Up to three Payees may be designated. If no Payee is designated, the Payee will be the Owner.
- Beneficiary: The person or entity (such as a trust or charity) that is entitled to benefits after the death of the Annuitant or Annuitants. Multiple Beneficiaries may be designated.
We wanted to establish a bit of extra income. There was a good recommendation about ImmediateAnnuities.com on CNN. We also liked that we could see excellent reviews about them on Google. They were very thorough from our first inquiry to when we decided to buy our annuity from Mass Mutual. They always answered our questions promptly and followed up with the insurance company, too. We have been receiving our monthly payments since last November and couldn’t be happier. What more can we say?
Additional features offer added confidence
Annual Automatic Increase Option
With Activate’s Annual Automatic Increase Option, payments will have an automatic 1–5% increase compounded annually.
Availability/eligibility
- Voluntary feature available on all payment options
- Owners, or all Annuitants if owned by a trust or company, must be age 59½ or older.
Timing
- Must be elected at issue; only available in whole percentages.
Lump sum option upon death
This feature offers the ability for beneficiaries to elect to receive a lump sum of the present value of remaining guaranteed payments at the death of the Annuitant or Annuitants rather than continuing periodic payments.
Availability/eligibility
- Automatically included with Period Certain, Single Life/Joint Life and Last Survivor and Period Certain, and Single Life/Joint Life and Last Survivor with Installment Refund payment options.
- If elected, once the lump sum is paid, the contract is terminated, and no future payments will be made.
One-time withdrawal option
Activate’s one-time withdrawal option offers the ability to elect a withdrawal of all or a portion of the present value of remaining liquidity period payments.
Liquidity periods
- Cash Refund payment options: The liquidity period is the period it takes for cumulative payments to at least equal the premium.
- Other eligible payment options: The liquidity period is the guaranteed period.
Availability/eligibility
- Automatically included on Non-Qualified contracts(not available with Single Life or Joint Life and Last Survivor payment options, or any IRA contracts)
- Contract owner must be at least age 59½ to exercise
- Period Certain Only: One-time withdrawal of 10–100% is available
- All other eligible payment options: One-time withdrawal of 10–90% is available
Impact of one-time withdrawals
- A one-time withdrawal will reduce future payments proportionately during the liquidity period based on the selected withdrawal percentage. A withdrawal will not affect any payments to be made after the liquidity period is over.
- If a one-time withdrawal is utilized with a Cash Refund option, the Cash Refund amount will be reduced, and your cumulative payments are not guaranteed to equal your initial premium.
Timing
May only be exercised once and contract must be beyond the first Contract Year.
Activate guaranteed income today
Your retirement dreams can begin today with immediate guaranteed income designed to fit the life you’ve planned. Retiring to what inspires you doesn’t have to wait another day.
