Reviewing Athene Performance Elite and Elite Plus Annuities

[@riverfitzpatrick8458]

So wait if I sold a elite 10 you mean it’s done after 10 years? It won’t last rest of their life ? What would they do with it after the 10 years. I’m confused.

[@atlasannuity]

Hi, with any fixed indexed annuity, after the surrender term is over, all of the money is freed up and the client can either leave the money with the company and receive whatever the current allocation strategies are being offer, or they can move the money wherever they like. The point I was trying to make was in order for the money to last the rest of their life, they would need a tremendous amount of growth and should not be relied upon to provide guaranteed income. That is the main difference between using an annuity designed just for growth and protection, versus using an annuity with a guaranteed income rider. The most important question: "What is the purpose of the money?"