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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
6 ways to improve your financial literacy
- Subscribe to financial newsletters. For free financial news in your inbox, try subscribing to financial newsletters from trusted sources. ...
- Listen to financial podcasts. ...
- Read personal finance books. ...
- Use social media. ...
- Keep a budget. ...
- Talk to a financial professional.
This article will explore the five basic principles of financial literacy: earn, save & invest, protect, spend, and borrow, providing you with actionable insights to enhance your financial knowledge and make the most of your resources.
What are the 4 steps to financial literacy? ›
This article will outline four steps to help you organize your thoughts, allowing you to separate the emotional decisions from the logical choices.
- Understanding Your Cash Flow. ...
- Risk Management (income protection) ...
- Risk Management (life insurance) ...
- Investments and Retirement.
Financial literacy is having a basic grasp of money matters and its four fundamental pillars: debt, budgeting, saving, and investing. It's understanding how to build wealth throughout one's life by leveraging the power of these pillars.
What are the 3 keys to financial literacy? ›
Three Key Components of Financial Literacy
- An Up-to-Date Budget. Some tend to look at the word “budget” as tantamount to the word “diet,” but at its most basic, a budget is just a spending plan. ...
- Dedicated Savings (and Saving to Spend) ...
- ID Theft Prevention.
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.
To start expanding your financial literacy, consider these five areas: budgeting, building and improving credit, saving, borrowing and repaying debt, and investing.
- Budgeting. ...
- Building and improving credit. ...
- Saving. ...
- Borrowing and repaying debt. ...
- Investing.
According to the Financial Literacy and Education Commission, there are five key components of financial literacy: earn, spend, save and invest, borrow, and protect.
What are the three C's in financial literacy? ›
Students classify those characteristics based on the three C's of credit (capacity, character, and collateral), assess the riskiness of lending to that individual based on these characteristics, and then decide whether or not to approve or deny the loan request.
What are the 6 steps in the financial process? ›
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.
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.
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.
What are the 7 components of personal financial? ›
A good financial plan contains seven key components:
- Budgeting and taxes.
- Managing liquidity, or ready access to cash.
- Financing large purchases.
- Managing your risk.
- Investing your money.
- Planning for retirement and the transfer of your wealth.
- Communication and record keeping.
It involves budgeting, savings, investments, retirement planning, debt and risk management, and understanding financial products and concepts. You can improve your financial literacy through self-study, formal education, seeking professional advice, and networking with peers.
What is the 10 rule in personal finance? ›
The 10% rule is straightforward: it recommends that you put 10% of your income toward savings and investments ahead of other expenses or goals. That way, you can make sure you keep savings and build a strong base for your long-term financial security.
What is the most effective method to teach financial literacy? ›
Children learn best through practical examples. Involve them in age-appropriate discussions about family finances, like planning a budget for a family vacation or comparing prices while shopping. Real-life scenarios help children understand the value of money and the importance of making wise financial choices.
How do you teach financial literacy in a fun way? ›
10 Creative and Fun Ways to Teach Kids About Financial Literacy
- Create a pretend store. Set up a mini-store at home where children can use play money to “buy” items. ...
- Allowance and budgeting. ...
- Money board games. ...
- Coin sorting and counting. ...
- Savings jar. ...
- Entrepreneurship. ...
- Virtual money management apps. ...
- Role-playing scenarios.
Key steps to attaining financial literacy include learning how to create a budget, track spending, pay off debt, and plan for retirement.
How can schools improve financial literacy? ›
Schools can also offer workshops or information sessions for parents on how to teach financial literacy skills at home. These sessions can cover different topics, providing parents with practical tips and strategies for teaching financial literacy skills to their children.
