If you are considering the purchase of the Athene Ascent annuity – or quite frankly, any annuity – then it can be helpful to consider not just the glossy marketing pieces that are produced by the insurance company, but also to review the comments and testimonials from those who already own the product. That’s why we explore and discuss some of the recent Athene annuity complaints below.
Doing this research can be a key determinant in whether or not you actually move forward with purchasing the annuity – particularly because the complaints can provide you with a more realistic picture of how the annuity may or may not actually be working for other investors.
Just like most any other insurance or financial vehicle, the Athene Ascent annuity has had some positive and some negative reviews. For instance, while this product can, in fact, offer some nice benefits for some, for others it has not performed up to their expectations.
Information from Real Athene Annuity Customers
In seeking out information on Athene and its annuity products, it can be helpful to review any of the information that is on the Better Business Bureau’s (BBB) website. (This is the case for most any insurance company that is offering an annuity).
With regard to the Athene Ascent annuity, you can find more information on its BBB page here.
For instance, the Better Business Bureau has given Athene an overall grade of C-. Like most “report cards,” this grade is on a scale of A through F – so at the moment, there are at least a few areas where Athene needs to do some work.
You will also find that as of late June 2019, the company had closed out 136 complaints over the past three years – the majority of which had to do with the company’s products and services – and 36 complaints about Athene within the past 12 months.
To read these Athene annuity complaints in more detail you can go HERE.
In addition, over an average of 50 Athene customer reviews, the company is currently sitting on a whopping one and a half stars our of a possible five.
Ouch!
You can check out the Athene customer reviews HERE.
Real Complaints from Athene Ascent Annuity Buyers
The Athene Ascent complaints include product performance issues, as well as issues that pertain to the company in general. Just some of the more recent Athene annuity complaints include the following:
It can also be helpful to check on your state’s Department of Insurance website for any information about an insurance company and its corresponding complaints.
For those who reside in New York, the complaint index for Athene was at one time more than 4,600! So, Athene appears to have a higher than average complaint index, given that average is 100.
What Additional Information is Available on the Athene Ascent Annuity?
Because fixed indexed annuities are regulated as insurance products – and not as securities – these products provide few of the typical disclosures that you will normally find with equity investments.
Likewise, these types of annuities are not included in various FINRA (Financial Industry Regulatory Authority) regulations like stocks, mutual funds, and even variable annuities are.
You can, however, help yourself to better understand these types of annuities by reading over their disclosure statements and other “fine print” that may be included on the carriers’ website, and in their brochures (although often times, the fine print on the glossy brochures is “hidden” down at the bottom, and it is a very small font type).
Regarding the Athene Ascent fixed index annuity, there is a fairly detailed disclosure that can be found online by going here.
This disclosure will provide you with information on the product’s fixed and index strategies, as well as how (and how often) the returns are calculated, the actual index disclosures, and even some key terms that are important to know.
Still Have Any Questions on the Athene Ascent Fixed Indexed Annuity? Contact Us Before You Make a Long-Term Annuity Commitment
If you would like any additional information regarding the Athene Ascent annuity that is provided to you in an unbiased manner, please feel free to reach out to us through our secure contact form below:
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Our experts can also be reached by phone so that you can speak directly with an annuity expert, in turn, providing you with the details that you need for making a well-informed decision.
