PERFORMANCE YOU CAN COUNT ON

NEW APP Annuity Enhancements Effective 9/25/2023

A Total-Package Offering Inside the APP Annuity

The APP annuity is rich in performance-based features that are designed to be a strong addition to any agent portfolio or client plan.

10% Premium Bonus

Policyholders will receive a one-time premium bonus of 10% with or without the selection of the Rate Enhancement Rider! The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Premium Bonus is subject to a vesting schedule.

Same Great Guarantees

Participation rates are guaranteed for 10 years1 from the annuity issue date with the selection of the CS Momentum Index and CS ESG Macro 5 Index 1- and 2-year point-to-point crediting strategies! These guarantees help build confidence by locking in rates for ten years, avoiding renewal rate uncertainty, unexpected rate decreases, and gives more reliability in the strategy because it will deliver on its promises.

Consistent Rate History

APP annuity rates have steadily increased since launch across all strategy options. This is backed by our Rate Integrity Philosophy.

Flexible Crediting Strategies

Multiple index strategy options, a fixed rate, trigger rate, and cap rate are available to choose from for accumulation needs. Ten indexed accounts are linked to three different indices, the CS Momentum Index, CS ESG Macro 5 Index, and the S&P 500® .

Additionally, an optional Rate Enhancement Rider is available to add more value.

1 The Participation Rates for the CS Momentum Index One-year point-to-point and Two-year point-to-point crediting strategies are guaranteed for 10 years from the annuity issue date, provided that Atlantic Coast Life Insurance Company continues to have access to the CS Momentum Index. The Participation Rates for the CS ESG Macro 5 Index One-year point-to-point and Two-year point-to-point crediting strategies are guaranteed for 10 years from the annuity issue date, provided that Atlantic Coast Life Insurance Company continues to have access to the CS ESG Macro 5 Index.

Choose from Eleven Growth Strategies

Choose how the annuity premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the CS Momentum Index, the CS ESG Macro 5 Index, and the S&P 500® Index.

Adjust allocations on the contract anniversary that coincides with the end of each strategy’s crediting period. At that time, the option to allocate to any available strategy for a new crediting period of one, two or three years is available.

Did you know? The APP annuity’s Trigger Rate may be a good alternative for clients considering Fixed Rate allocations.

How the Trigger Rate works: if the CS Momentum Index earns 0% or more, then the premium allocated to the Trigger Rate account will earn interest at a specified rate of 9% for the base product and 11% with the rider.

So, the benefit of the Trigger Rate is that it earns a higher rate than as long as the Momentum Index breaks even or earns a positive return.

Optional Rate Enhancement Rider

An optional Rate Enhancement Rider2 offers more benefits to policyholders:

  • Higher Rate Options: higher Participation, Cap, Trigger, and Fixed Rates for more growth potential.
  • More Liquidity: Increases the free withdrawal amount to 10%, after the first contract year.
  • Pricing Guarantee: 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract remains in force for 10 years. Please note: premium is adjusted for withdrawals.

2 There is a fee with the purchase of the rider.

Accumulation with Accessibility

Free withdrawals

Some annuities do not offer free early withdrawals, but in the second contract year, the APP annuity allows clients to withdraw up to 5% of their Account Value or Required Minimum Distribution, whichever greater.

Terminal Illness and Nursing Home Waiver 

If the annuity owner is diagnosed with a terminal illness or needs to move into a nursing home, he or she can make a full surrender or partial withdrawal without a Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.

Additional Features

Premium Bonus Vesting Schedule

When your client purchases the Accumulation Protector PlusSM Annuity they will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to the policyholder’s account, increasing the value of their account and giving them the opportunity to earn additional interest. The policyholder’s funds can be accessed subject to their vesting schedule.

Surrender Charge Schedule

If your client surrenders their policy or requests withdrawals above the penalty-free amount, there may be surrender charges. Policyholders should discuss the surrender charge schedule with their agent.

Death Benefit Settlement Option

Protect loved ones with the APP’s Death Benefit feature. If the annuity owner passes away before receiving any proceeds3 , other than a Withdrawal, the amount payable to beneficiary(ies) is equal to the greater of the Account Value less any Non-Vested Premium Bonus or the Minimum Guaranteed Surrender Value determined as of the date of death.

3 Proceeds are defined as the amount payable when: (1) the Owner takes a Withdrawal; (2) the Owner surrenders their Contract; (3) an Owner dies; or (4) the Contract matures.