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Annuities contain features, exclusions, limitations and availability that may vary by state and/or sales distributor.For a full explanation of an annuity, please refer to the Certificate of Disclosure or Prospectus (as applicable) and contact your financial professional or the company for costs and complete details.This material is a general description intended for general public use.
Annuity contracts and group annuity contracts are issued by Athene Annuity and Life Company (61689), West Des Moines, IA, and Athene Annuity & Life Assurance Company (61492), Wilmington, Delaware, in all states (except New York), and in D.C. and PR.Annuity contracts and group annuity contracts are issued by Athene Annuity & Life Assurance Company of New York (68039), Pearl River, NY, in New York state.Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.Insurance products may not be available in all states.These companies are not undertaking to provide investment advice for any individual or in any individual situation, and therefore nothing in this should be read as investment advice. This material should not be interpreted as a recommendation by Athene Annuity and Life Company, Athene Annuity & Life Assurance Company, Athene Annuity & Life Assurance Company of New York, or Athene Securities, LLC.Please reach out to your financial professional if you have any questions about insurance products and their features.
The term “financial professional” is not intended to imply engagement in an advisory business with compensation unrelated to sales. Financial professionals will be paid a commission on the sale of an annuity.
INVESTMENT AND INSURANCE PRODUCTS ARE: • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, THE BANK OR ANY OF ITS AFFILIATES • SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED
Reinsurance contracts are entered into with Athene Annuity and Life Company (61689), West Des Moines, IA; Athene Annuity & Life Assurance Company (61492), Wilmington, Delaware; Athene Annuity & Life Assurance Company of New York (68039), Pearl River, NY; Athene Life Re Ltd., Hamilton, Bermuda; and Athene Annuity Re Ltd., Hamilton, Bermuda.Not all reinsurance products or structures offered are available in all jurisdictions.Reinsurers may not be licensed in all states.All transactions are subject to meeting a reinsurer’s underwriting requirements.Reinsurance products are not protected or guaranteed by state insurance guaranty associations or insolvency funds.
FAQs
Key steps to attaining financial literacy include learning how to create a budget, track spending, pay off debt, and plan for retirement.
What are the 5 financial literacy questions? ›
Financial Literacy Test
- How much money should you put into savings every month? ...
- How much of your income should be used on monthly credit card payments? ...
- What's the maximum debt-to-income ratio a person can have and still qualify for a mortgage? ...
- How often can you check your credit report for free?
Key steps to attaining financial literacy include learning how to create a budget, track spending, pay off debt, and plan for retirement.
What are the 3 keys to financial literacy? ›
A strong foundation of financial literacy can help support various life goals, such as saving for education or retirement, using debt responsibly, and running a business. Key aspects of financial literacy include knowing how to create a budget, plan for retirement, manage debt, and track personal spending.
What are the four elements of financial literacy? ›
Financial literacy is having a basic grasp of money matters and its four fundamental pillars: debt, budgeting, saving, and investing.
What are the five primary financial literacy principles? ›
The U.S. FLEC highlights five principles as the building blocks of financial literacy, known as the MyMoney Five.
- EARN.
- SPEND.
- SAVE & INVEST.
- BORROW.
- PROTECT.
The Financial Planning Process
- Step 1: Set Goals. While this seems pretty basic, this step often gets overlooked. ...
- Step 2: Gather facts. ...
- Step 3: Identify challenges and opportunities. ...
- Step 4: Develop your plan. ...
- Step 5: Implement your plan. ...
- Step 6: Follow up and review yearly.
The 5 components of financial literacy. There's plenty to learn about personal financial topics, but breaking them down can help simplify things. To start expanding your financial literacy, consider these five areas: budgeting, building and improving credit, saving, borrowing and repaying debt, and investing.
What are the six principles of financial planning? ›
Six financial literacy principles
- Budget your money. “Pay yourself first” ...
- Taxation—it's not all yours. “Understand your true earnings and how they are taxed” ...
- Borrowing. “Not all money is created equal” ...
- Plan before investing. “Think about and map your goals” ...
- Invest to achieve your goals. ...
- Preparing your estate.
Here are just a few ways:
- Track your spending. As any behaviorist knows, it's important to know your habits before you can change them. ...
- Make a budget. Based on your spending, create a monthly budget. ...
- Think small. ...
- Think big. ...
- Borrow less and pay the interest. ...
- Invest the money you save. ...
- Save for retirement.
Literacy is defined as one's knowledge of competence in a certain area. There are 3 Literacy Skills within the 21st-century skills framework, these are Information Literacy, Media Literacy and Technology Literacy.
What is the first rule of financial literacy? ›
Pay Yourself First - Before paying bills and other financial obligations, set aside an affordable amount each month in accounts designated for long-range goals and unexpected emergencies.
What is the 50 30 20 rule? ›
The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.
Is financial literacy a hard skill? ›
Hard skills are specialized capabilities that involve hands-on practical knowledge, such as a skill set in a particular industry or profession. Examples of hard skills for MBA students include financial literacy to organizational management and public relations.
Is financial literacy hard? ›
Fewer than half are passing a basic exam on financial literacy—and the average test taker only answered 63% of the questions correctly!
What are the questions about financial literacy? ›
10 Financial Literacy Questions to Test Your Knowledge
- Should you store all your money in a single bank account? ...
- Can one bank manage all your financial accounts? ...
- Is there a way to pay down multiple sources of debt at the same time? ...
- When are your contributions to an IRA taxed?
Table 1 The “Big Three” financial literacy questions
- Suppose you had $100 in a savings account and the interest rate was 2% per year. ...
- Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year. ...
- Please tell me whether this statement is true or false.
According to the first, there are three main factors: Extraversion, Neuroticism and Psychoticism, whereas the Big Five theory claims that five factors are needed to account for most of the variance in the field of personality: Extraversion, Neuroticism, Agreeableness, Conscientiousness and Openness to Experience.
What are the three C's in financial literacy? ›
Character, capital (or collateral), and capacity make up the three C's of credit. Credit history, sufficient finances for repayment, and collateral are all factors in establishing credit.
