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 risk-monitored 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. The APP Annuity is distinct in the industry, and gives contract holders exclusive access to the Credit Suisse Momentum Index (Bloomberg: CSEAMTM5 ), as well as a unique 10-year guarantee of participation rates through the index. The APP Annuity is the latest addition to the industry-leading product lines of A-CAP's two insurance subsidiaries, Sentinel Security Life Insurance Company and Atlantic Coast Life Insurance Company. 31, 2020 /PRNewswire/ - A-CAP and AmeriLife today announced the launch of the Accumulation Protector Plus SM ("APP") Annuity, a 10-year fixed indexed annuity.
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