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Increasing rates has fueled an avalanche of new business that they weren't ready for. That's what my IMO told me about a month ago.
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There hasn't been for a long time but there is about to be again with their 5yr rates over 6%.Caveat, not an agent.
Please note: this is a bump of a 1 year old thread.
Oct 2023: Is there still a significant new order processing time backlog at Athene?
No the backlog is gone. You can also submit requirement via web upload which cuts off time.Caveat, not an agent.
Please note: this is a bump of a 1 year old thread.
Oct 2023: Is there still a significant new order processing time backlog at Athene?
There hasn't been for a long time but there is about to be again with their 5yr rates over 6%.
Get your cases in now.
Thats the thing.Just locked in 6.75% for 3 years within my 401k account with Principal 3 yr rate & 6.15 5 year rate. Blown away by that. Sure, local banks are offering 6% plus for 5 months CDs but not for existing clients likely low renewal rate
Thats the thing.
If the market is historically 8-10 then once you get over 6 guaranteed, it's hard not to lock it up as long as possible.