A-CAP and AmeriLife announced the launch of the Accumulation Protector Plus (APP)

Business Wire | August 31, 2020

A-CAP and AmeriLife announced the launch of the Accumulation Protector Plus (APP)
A-CAP and AmeriLife today announced the launch of the Accumulation Protector Plus℠ (“APP”) Annuity, a 10-year fixed indexed annuity. 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. The APP Annuity is distinct in the industry, and gives contract holders exclusive access to the Credit Suisse Momentum Index (Bloomberg: CSEAMTM5 <Index>), as well as a unique 10-year guarantee of participation rates through the index. Principal protection and growth potential over a wide range of possible future financial conditions are fundamental features of the APP annuity. 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.

Spotlight

The Work Ahead is a research series providing insight and guidance on how businesses – and jobs – will evolve in an economy of algorithms, automation and AI. In this installment, we look at the insurance industry. Our research shows that insurers are highly aware of the need to rethink their processes, technology foundations and business models to succeed in the digital future. Indeed, the industry itself will be nearly unrecognizable in the next decade due to digital change. Insurers that choose to move past their inherently risk-averse and change-resistant natures will reap rewards that will measure in the trillions for the entire industry, according to our research.

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Spotlight

The Work Ahead is a research series providing insight and guidance on how businesses – and jobs – will evolve in an economy of algorithms, automation and AI. In this installment, we look at the insurance industry. Our research shows that insurers are highly aware of the need to rethink their processes, technology foundations and business models to succeed in the digital future. Indeed, the industry itself will be nearly unrecognizable in the next decade due to digital change. Insurers that choose to move past their inherently risk-averse and change-resistant natures will reap rewards that will measure in the trillions for the entire industry, according to our research.