A-CAP and AmeriLife Introduce New Fixed Indexed Annuity Linked to the Credit Suisse Momentum Index – Valdosta Daily Times

31August 2020


Aug 31, 2020– A-CAP and AmeriLife today announced the launch of the Accumulation Protector Plus ℠ (“APP”) Annuity, a 10-year set indexed annuity. The APP Annuity is the latest addition to the industry-leading line of product of A-CAP’s two insurance subsidiaries, Sentinel Security Life Insurance Company and Atlantic Coast Life Insurance Company. The APP Annuity is distinct in the industry, and gives agreement holders special access to the Credit Suisse Momentum Index (Bloomberg: CSEAMTM5 <), in addition to a special 10-year guarantee of involvement rates through the index.

Principal defense and development potential over a wide range of possible future financial conditions are fundamental functions of the APP annuity. Agreement holders can select from eight flexible crediting strategies, including 4 strategies coupled with the Credit Suisse Momentum Index, to create a custom-made development strategy that lines up with their retirement objectives and secures their principal from market recessions.

“The APP Annuity was developed to address the requirements these days’s senior citizens,” stated Doug George, Head of Life and Annuity for A-CAP. “With life expectancy increasing, growing unpredictability surrounding traditional sources of retirement income, the long lasting effects from the Great Recession, and the basic volatility these days’s marketplace, senior citizens are now looking for a method to secure their hard-earned savings. The APP Annuity, with special access to the Credit Suisse Momentum Index, is developed to carry out well under both increasing and reducing financial market conditions. This is a product that we are extremely proud to offer at both A-CAP providers.”

The Credit Suisse Momentum Index crediting strategies associated with the APP Annuity are distinctive in the insurance industry as they offer agreement holders the ability to build up wealth in both bull and bear markets. Even more, two of the strategies offer the unique function of guaranteed involvement rates for ten years. The risk-monitored Credit Suisse Momentum Index diversifies its underlying components throughout equities, bonds and products in 4 international regions. Implementing a momentum-driven technique, the Credit Suisse Momentum Index takes long positions in components exhibiting the greatest trends and takes short positions in components with weaker trends. This investment approach, coupled with the steady framework of the APP Annuity, gives agreement holders a chance to grow their premium during rough economic environments.

“We are enjoyed work with Atlantic Coast Life Insurance Company, Sentinel Security Life Insurance Company and AmeriLife in launching this brand-new index,” says Michael Ebert, Credit Suisse’s International Head of ITS Equity Derivatives and Convertibles. “Current occasions have actually once again emphasized the significance of stability for financiers. To address this need, the Credit Suisse Momentum Index harnesses a relative strength investment technique that executes both long and short exposures to a diverse set of markets across the globe. With its ingenious style, the index aims to take advantage of additional development chances and consequently produce steady returns in different market conditions.”

As an additional function of the APP Annuity, agreement holders can boost their agreement by picking the Rate Improvement Rider. The Rate Improvement Rider increases the Fixed, Participation, and Cap rates throughout the agreement holder’s crediting strategies, substantially enhancing the possible return from market upswing. This rider also increases the amount readily available totally free withdrawal from 5% to 10% of the agreement holder’s account worth and consists of a 110% minimum guaranteed return of premium over ten years.

“This is really a special item we’re enjoyed give market in collaboration with A-CAP,” stated Denny Southern, President of Annuity & & Retirement Preparation for AmeriLife. “As the number of senior citizens and pre-retirees continues to grow, this special item will be a differentiator for our distribution, and help us continue to satisfy our objective to offer insurance and retirement preparation solutions to supply assurance and help people live longer, much healthier lives.”

The item description above is a summary just. All advantages and functions go through the real conditions of the annuity agreement. To get more information about the Accumulation Protector Plus ℠ (“APP”) Annuity and the Credit Suisse Momentum Index, agents and financial advisors can visit www.sslco.com/app, www.aclico.com/app, and https://indices.credit-suisse.com/CSEAMTM5 or contact Sentinel Security Life Insurance coverage Company’s Sales Team at 800-247-1423 and Atlantic Coast Life Insurance coverage Company’s Sales Team at 844-442-3847.

Guarantees are based upon the claims-paying ability of Sentinel Security Life Insurance Company and Atlantic Coast Life Insurance Company. The Participation Rates for the Credit Suisse Momentum Index are guaranteed for ten years with the choice of the one-year point-to-point or two-year point-to-point crediting strategies, supplied that Sentinel Security Life Insurance Company and Atlantic Coast Life Insurance coverage Company continue to have access to the Credit Suisse Momentum Index.

Attributions and Disclaimers with Respect to Credit Suisse

The Credit Suisse Momentum index and “Credit Suisse”, and any hallmarks, service marks and logos related thereto are service marks of Credit Suisse Group AG, Credit Suisse International, or one of their affiliates (collectively, “Credit Suisse”). The Accumulation Protector Plus ℠ Annuity is not sponsored, endorsed, sold or promoted by Credit Suisse, and Credit Suisse has no relationship to Sentinel Security Life Insurance Company or Atlantic Coast Life Insurance Company, other than the licensing of the Credit Suisse Momentum Index and its service marks for use in connection with the Accumulation Protector Plus ℠ Annuity, and particular hedging plans and is not a celebration to any transaction considered hereby. Credit Suisse will not be responsible for the results acquired by utilizing, buying, or trading the Accumulation Protector Plus ℠ Annuity. Credit Suisse has actually not published or authorized this file and accepts no obligation for its contents or use. Commitments to make payments under the Accumulation Protector Plus ℠ Annuity are solely the responsibility of Sentinel Security Life Insurance Company or Atlantic Coast Life Insurance Company and are not the obligation of Credit Suisse. The choice of the Credit Suisse Momentum Index as a crediting alternative does not obligate Sentinel Security Life Insurance Company, Atlantic Coast Life Insurance Company or Credit Suisse to invest annuity payments in the components of the index.

About Credit Suisse AG

Credit Suisse AG is one of the world’s leading financial companies and becomes part of the Credit Suisse group of companies (described here as ‘Credit Suisse’). Our technique develops on Credit Suisse’s core strengths: its position as a leading wealth supervisor, its specialist investment banking capabilities and its strong existence in our house market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large swimming pool of wealth within mature markets in addition to the substantial development in wealth in Asia Pacific and other emerging markets, while also serving crucial industrialized markets with an emphasis on Switzerland. Credit Suisse utilizes approximately 48,800 people. The authorized shares (CSGN) of Credit Suisse AG’s parent business, Credit Suisse Group AG, are noted in Switzerland and, in the kind of American Depositary Shares (CS), in New York City. More details about Credit Suisse can be found at www.credit-suisse.com. About A-CAP A-CAP is a holding business owning multiple insurance and financial companies on its unique and synergistic platform. These companies consist of main insurance providers, an SEC registered investment advisor, reinsurance automobiles, and marketing companies. With broad knowledge throughout the insurance and investment sectors, A-CAP’s management group has varied experience and provides comprehensive services to policyholders, insurance company customers and capital partners. Released in 2013, A-CAP is an independently held business with workplaces located in New York, Charleston, Chicago, Salt Lake City and Omaha. For additional information, see www.acap.com.

About AmeriLife

AmeriLife is a national leader in establishing, marketing and distributing life and health insurance, annuities and retirement preparation solutions to boost the lives of senior citizens and pre-retirees. For almost 50 years, AmeriLife has actually partnered with the country’s leading insurance providers to supply worth and quality to consumers served through a national distribution network of over 150,000 insurance agents and advisors, 25 marketing companies, and 50 insurance company places. Visit www.AmeriLife.com and follow AmeriLife on Facebook and&LinkedIn for more&details. View source variation on businesswire.com: https://www.businesswire.com/news/home/20200831005025/en/ CONTACT: Credit Suisse Media Contact Anna Christensen 212-538-4748 anna.christensen@credit-suisse.comA-CAP!.?.! Media Contact Kristen King 914-393-5472 kristenking@acap.comAmeriLife!.?.! Media Contact Patricia Klein 727-726-0726 or Toll totally free: 833-918-1355 media@amerilife.com!.?.! KEYWORD: UNITED STATES The United States And Canada New York City MARKET KEYWORD: BANKING PROFESSIONAL SERVICES INSURANCE FINANCE SOURCE: A-CAP Copyright Business Wire 2020. PUB: 08/31/2020 08:30 AM/DISC: 08/31/2020 08:30 AM http://www.businesswire.com/news/home/20200831005025/en

Source: valdostadailytimes.com

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