SENTINEL SECURITY LIFE ANNUITY FORMS FOR FREE
This rider also increases the amount available for free withdrawal from 5% to 10% of the contract holder's account value and includes a 110% minimum guaranteed return of premium over 10 years. The Rate Enhancement Rider increases the Fixed, Participation, and Cap rates across the contract holder's crediting strategies, substantially boosting the potential return from market upswing. With its innovative design, the index aims to benefit from additional growth opportunities and thereby generate stable returns in different market conditions."Īs an additional feature of the APP Annuity, contract holders can enhance their contract by selecting the Rate Enhancement Rider. To address this demand, the Credit Suisse Momentum Index harnesses a relative strength investment strategy that implements both long and short exposures to a diverse set of markets across the globe. "Recent events have again emphasized the importance of stability for investors. "We are thrilled to work with Atlantic Coast Life Insurance Company, Sentinel Security Life Insurance Company and AmeriLife in launching this new index," says Michael Ebert, Credit Suisse's Global Head of ITS Equity Derivatives and Convertibles. This investment approach, coupled with the stable framework of the APP Annuity, gives contract holders an opportunity to grow their premium during turbulent economic environments. Implementing a momentum-driven strategy, the Credit Suisse Momentum Index takes long positions in components exhibiting the strongest trends and takes short positions in components with weaker trends. The riskmonitored Credit Suisse Momentum Index diversifies its underlying components across equities, bonds and commodities in four global regions. Further, two of the strategies offer the unique feature of guaranteed participation rates for 10 years. The Credit Suisse Momentum Index crediting strategies associated with the APP Annuity are distinctive in the insurance industry as they give contract holders the ability to accumulate wealth in both bull and bear markets. This is a product that we are very proud to offer at both A-CAP carriers."
The APP Annuity, with exclusive access to the Credit Suisse Momentum Index, is designed to perform well under both increasing and decreasing financial market conditions. "With life expectancy increasing, growing uncertainty surrounding traditional sources of retirement income, the lasting repercussions from the Great Recession, and the general volatility of today's marketplace, retirees are now looking for a way to protect their hard-earned savings. "The APP Annuity was designed to address the needs of today's retirees," said Doug George, Head of Life and Annuity for A-CAP. Contract holders can choose from eight flexible crediting strategies, including four strategies paired with the Credit Suisse Momentum Index, to create a custom growth plan that aligns with their retirement goals and protects their principal from market downturns. Principal protection and growth potential over a wide range of possible future financial conditions are fundamental features of the APP annuity.
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