Product FAQs
Accumulation Protector PlusSMAnnuity
What is the Accumulation Protector PlusSM(APP) Annuity?
The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*
*The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market rises, falls, or remains the same.
Other Helpful Accumulation Protector PlusSM Annuity FAQ'S
What is the Momentum Index?
The Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The Momentum Index was designed to adapt to various market conditions and generate consistent returns over time. The risk-monitored Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends. Access to the Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the Momentum Index brochure or visit: https://www.solactive.com/indices/?index=DE000SL0LRB3.
What is the Diversified Macro 5 Index?
The Diversified Macro 5 Index is a fully rules-based index that offers innovative exposure to multiple asset classes. In an attempt to generate consistent returns over time, the Diversified Macro 5 Index implements a strategy that combines an equity component and a macro component (comprised of sub-strategies across fixed income, commodities and currencies components), complemented by a daily risk control mechanism. To learn more about this index, please visit: https://merqube.com/indices/CSEAGESG
How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?
Whether the market rises, falls, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).
*If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.
How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?
You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the Momentum Index, the Diversified Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.
Crediting periods for the Accumulation Protector PlusSM Annuity’s strategies range from one, two, or three years. These crediting strategies include a Fixed Rate account, a Trigger Rate account, and several Point-to-Point accounts with either a Participation Rate or Cap Rate. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either one, two, or three years earlier, depending on the option you choose.
Are penalty-free withdrawals available?
In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever is greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.
What are the benefits of the Rate Enhancement Rider*?
The Rate Enhancement Rider is an excellent feature to add to your annuity if you want to boost your accumulation potential! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, it provides an opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. By increasing the Participation and Cap Rates, this rider offers greater exposure to potential index growth, allowing a larger percentage of your premium to be linked to index performance.
*There is a fee with the purchase of the rider. Please refer to Our Products page for current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.
When is the earliest I can start receiving annuity payments?
In all states other than Florida, annuity payments may begin after the fifth contract year. In Florida, annuity payments may begin after the first contract year.
What death benefit would be paid to my beneficiary?
The Benefit Feature protects your beneficiary. If you pass away before receiving any proceeds* (other than a Withdrawal), the amount payable to your beneficiary(ies) will be the greater of:
- The Account Value minus any Non-Vested Premium Bonus, or
- The Minimum Guaranteed Surrender Value determined as of the date of death.
No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:
- Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
- Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
- Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.
*Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.
What Settlement Options are available with the Accumulation Protector PlusSM Annuity?
Lifetime Income Only
With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.
Period Certain Only
This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.
Lifetime Income with Guaranteed Period Certain
This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies before the end of the specified period, the beneficiary will receive the remaining payments for that period.
What if I need money due to severe illness?
If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.
When can I reallocate my account value?
The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.
What are my options after the 10-year surrender period ends?
The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.
How does the bonus become fully vested?
When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 5%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.
How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?
The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income. If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for! Is the Accumulation Protector PlusSM Annuity Right for You?
- You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
- You are looking for a long-term strategy to grow your principal (ideally around 10 years).
- You like to protect your hard earned money.
- You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
- You enjoy having lots of flexible allocation options when growing your money.
- Access to two global, risk-monitored indices with diversified portfolios.
- You are thinking about retiring soon or have retired.
What makes the Accumulation Protector PlusSM (APP) Annuity unique?
The APP Annuity is distinct in the industry because it gives contract holders exclusive access to two Credit Suisse Indices: The CS Momentum Index (Bloomberg: CSEAMTM5) and the CS ESG Macro 5 Index (Bloomberg: CSEAGESG). Both the CS Momentum Index and the CS ESG Macro 5 Index have unique 10 year guarantee of participation rates. The Participation Rates for the CS Momentum Index and the CS ESG Macro 5 Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies.*
The APP Annuity’s CS Momentum Index crediting strategies are distinctive in the insurance industry as they give contract holders the ability to accumulate wealth in both bull and bear markets. The risk-monitored CS Momentum Index diversifies its underlying components across equities, bonds and commodities in four global regions. Implementing a momentum-driven strategy, the CS Momentum Index takes long positions in components exhibiting the strongest trends and takes short positions in components with weaker trends. 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.
Additionally, the CS ESG Macro 5 Index was designed to provide consistent returns. The unique diversification framework of the CS ESG Macro 5 Index offers exposure to ESG components and macro components, across different regions and asset classes, in an attempt to mitigate risk and seek returns. The CS ESG Macro 5 Index also aims to maintain 5% volatility.
*The Participation Rates for the CS Momentum Index are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, 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 are guaranteed for 10 years with the selection of the One-year point-to-point or Two-year point-to-point crediting strategies, provided that Atlantic Coast Life Insurance Company continues to have access to the CS ESG Macro 5 Index.
Other Helpful Accumulation Protector PlusSM Annuity FAQ'S
What is the Accumulation Protector PlusSM(APP) Annuity?
The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth, and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*
*The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market goes up, down, or remains the same.
What is the CS Momentum Index?
The CS Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The CS Momentum Index was designed to adapt to various market conditions and generate consistent returns over time. The risk-monitored CS Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends. Access to the CS Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the CS Momentum Index brochure or visit: https://indices.credit-suisse.com/en/Description/id/CSEAMTM5.
What is CS ESG Macro 5 Index?
The CS ESG Macro 5 Index, a global multiasset index, applies an innovative strategy that combines environment, social and governance (ESG) equity components with macro components, while a risk control mechanism targets a 5% index volatility. The CS ESG Macro 5 Index uses a daily adjustment aimed at stabilizing performance and generating consistent returns over time. With the ESG component, your annuity has exposure to a risk-weighted basket of four MSCI ESG Indices that focus on regional activities considered positive for the environment, society, that are not subject to controversy and that display the highest ESG scores as computed by MSCI. The framework of the CS ESG Macro 5 Index uses diversification as an approach to create value for your annuity by seeking returns across various market environments while mitigating risk exposure. Access to the CS ESG Macro 5 Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity.To learn more about this index, please read the CS ESG Macro 5 Index brochure or visit: https://indices.credit-suisse.com/CSEAGESG
How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?
Whether the market goes up, down, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).
*If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.
How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?
You have the flexibility to choose how your single 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. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.
The crediting periods for the Accumulation Protector PlusSM Annuity’s crediting strategies range from one, two, or three years. The crediting strategies include a Fixed Rate account, Trigger Rate account, and several Point-to-Point with Participation Rate or Cap Rate accounts. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either a year earlier, two years earlier, or three years earlier, depending on the option you choose.
Are penalty-free withdrawals available?
In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever is greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.
What are the benefits of the Rate Enhancement Rider*?
The Rate Enhancement Rider is a fantastic feature to add to your annuity if you want to take your accumulation power to the next level! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, this rider gives you a better opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. Increasing the Participation and Cap Rates offers potential to substantially benefit from the index’s upside, because your premium has access to a larger percentage of an index’s growth.
There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.
When is the earliest I can start receiving annuity payments?
In all states other than Florida, annuity payments may begin after the fifth contract year. In Florida, annuity payments may begin after the first contract year.
What death benefit would be paid to my beneficiary?
The Death Benefit Feature protects your beneficiary. For contracts issued in all states other than California, if you pass away before receiving any proceeds*, other than a Withdrawal, the amount payable to your 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.
No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:
- Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
- Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
- Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.
*Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.
What Settlement Options are available with the Accumulation Protector PlusSM Annuity?
Lifetime Income Only
With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.
Period Certain Only
This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.
Lifetime Income with Guaranteed Period Certain
This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies after payments have been made for the specified period, payments end with the payment due just before the annuitant’s death.
What if I need money due to severe illness?
If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.
When can I reallocate my account value?
The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.
What are my options after the 10-year surrender period ends?
The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.
How does the bonus become fully vested?
When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 5%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.
How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?
The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income. If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for! Is the Accumulation Protector PlusSM Annuity Right for You?
- You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
- You are looking for a long-term strategy to grow your principal (ideally around 10 years).
- You like to protect your hard earned money.
- You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
- You enjoy having lots of flexible allocation options when growing your money.
- Access to two global, risk-monitored indices with diversified portfolios.
- You are thinking about retiring soon or have retired.
What is the Momentum Index?
The Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The Momentum Index was designed to adapt to various market conditions and generate consistent returns over time. The risk-monitored Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends. Access to the Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the Momentum Index brochure or visit: https://www.solactive.com/indices/?index=DE000SL0LRB3.
Other Helpful Accumulation Protector PlusSM Annuity FAQ'S
What is the Accumulation Protector PlusSM (APP) Annuity?
The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*
*The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market rises, falls, or remains the same.
What is the Diversified Macro 5 Index?
The Diversified Macro 5 Index is a fully rules-based index that offers innovative exposure to multiple asset classes. In an attempt to generate consistent returns over time, the Diversified Macro 5 Index implements a strategy that combines an equity component and a macro component (comprised of sub-strategies across fixed income, commodities and currencies components), complemented by a daily risk control mechanism. To learn more about this index, please visit: https://merqube.com/indices/CSEAGESG
How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?
Whether the market rises, falls, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).
*If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.
How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?
You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the Momentum Index, the Diversified Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.
Crediting periods for the Accumulation Protector PlusSM Annuity’s strategies range from one, two, or three years. These crediting strategies include a Fixed Rate account, a Trigger Rate account, and several Point-to-Point accounts with either a Participation Rate or Cap Rate. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either one, two, or three years earlier, depending on the option you choose.
Are penalty-free withdrawals available?
In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever is greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.
What are the benefits of the Rate Enhancement Rider*?
The Rate Enhancement Rider is an excellent feature to add to your annuity if you want to boost your accumulation potential! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, it provides an opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. By increasing the Participation and Cap Rates, this rider offers greater exposure to potential index growth, allowing a larger percentage of your premium to be linked to index performance.
*There is a fee with the purchase of the rider. Please refer to Our Products page for current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.
When is the earliest I can start receiving annuity payments?
In all states other than Florida, annuity payments may begin after the fifth contract year. In Florida, annuity payments may begin after the first contract year.
What death benefit would be paid to my beneficiary?
The Benefit Feature protects your beneficiary. If you pass away before receiving any proceeds* (other than a Withdrawal), the amount payable to your beneficiary(ies) will be the greater of:
- The Account Value minus any Non-Vested Premium Bonus, or
- The Minimum Guaranteed Surrender Value determined as of the date of death.
No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:
- Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
- Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
- Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.
*Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.
What Settlement Options are available with the Accumulation Protector PlusSM Annuity?
Lifetime Income Only
With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.
Period Certain Only
This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.
Lifetime Income with Guaranteed Period Certain
This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies before the end of the specified period, the beneficiary will receive the remaining payments for that period.
What if I need money due to severe illness?
If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus, under certain conditions.
When can I reallocate my account value?
The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.
What are my options after the 10-year surrender period ends?
The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.
How does the bonus become fully vested?
When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 5%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.
How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?
The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income. If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for! Is the Accumulation Protector PlusSM Annuity Right for You?
- You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
- You are looking for a long-term strategy to grow your principal (ideally around 10 years).
- You like to protect your hard earned money.
- You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
- You enjoy having lots of flexible allocation options when growing your money.
- Access to two global, risk-monitored indices with diversified portfolios.
- You are thinking about retiring soon or have retired.
What is Diversified Macro 5 Index?
The Diversified Macro 5 Index is a fully rules-based index that offers innovative exposure to multiple asset classes. In an attempt to generate consistent returns over time, the Diversified Macro 5 Index implements a strategy that combines an equity component and a macro component (comprised of sub-strategies across fixed income, commodities and currencies components), complemented by a daily risk control mechanism. To learn more about this index, please visit:
https://merqube.com/indices/CSEAGESGOther Helpful Accumulation Protector PlusSM Annuity FAQ'S
What is the Accumulation Protector PlusSM (APP) Annuity?
The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*
*The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market rises, falls, or remains the same.
What is the Momentum Index?
The Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The Momentum Index was designed to adapt to various market conditions and generate consistent returns over time. The risk-monitored Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends. Access to the Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the Momentum Index brochure or visit: https://www.solactive.com/indices/?index=DE000SL0LRB3.
How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?
Whether the market rises, falls, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).
*If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.
How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?
You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the Momentum Index, the Diversified Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.
Crediting periods for the Accumulation Protector PlusSM Annuity’s strategies range from one, two, or three years. These crediting strategies include a Fixed Rate account, a Trigger Rate account, and several Point-to-Point accounts with either a Participation Rate or Cap Rate. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either one, two, or three years earlier, depending on the option you choose.
Are penalty-free withdrawals available?
In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever is greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.
What are the benefits of the Rate Enhancement Rider*?
The Rate Enhancement Rider is an excellent feature to add to your annuity if you want to boost your accumulation potential! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, it provides an opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. By increasing the Participation and Cap Rates, this rider offers greater exposure to potential index growth, allowing a larger percentage of your premium to be linked to index performance.
*There is a fee with the purchase of the rider. Please refer to Our Products page for current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.
When is the earliest I can start receiving annuity payments?
In all states other than Florida, annuity payments may begin after the fifth contract year. In Florida, annuity payments may begin after the first contract year.
What death benefit would be paid to my beneficiary?
The Benefit Feature protects your beneficiary. If you pass away before receiving any proceeds* (other than a Withdrawal), the amount payable to your beneficiary(ies) will be the greater of:
- The Account Value minus any Non-Vested Premium Bonus, or
- The Minimum Guaranteed Surrender Value determined as of the date of death.
No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:
- Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
- Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
- Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.
*Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.
What Settlement Options are available with the Accumulation Protector PlusSM Annuity?
Lifetime Income Only
With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.
Period Certain Only
This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.
Lifetime Income with Guaranteed Period Certain
This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies before the end of the specified period, the beneficiary will receive the remaining payments for that period.
What if I need money due to severe illness?
If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.
When can I reallocate my account value?
The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.
What are my options after the 10-year surrender period ends?
The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.
How does the bonus become fully vested?
When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 5%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.
How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?
The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income. If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for! Is the Accumulation Protector PlusSM Annuity Right for You?
- You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
- You are looking for a long-term strategy to grow your principal (ideally around 10 years).
- You like to protect your hard earned money.
- You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
- You enjoy having lots of flexible allocation options when growing your money.
- Access to two global, risk-monitored indices with diversified portfolios.
- You are thinking about retiring soon or have retired.
How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?
Whether the market rises, falls, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).
*If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.
Other Helpful Accumulation Protector PlusSM Annuity FAQ'S
What is the Accumulation Protector PlusSM (APP) Annuity?
The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*
*The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market rises, falls, or remains the same.
What is the Momentum Index?
The Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The Momentum Index was designed to adapt to various market conditions and generate consistent returns over time. The risk-monitored Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends. Access to the Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the Momentum Index brochure or visit: https://www.solactive.com/indices/?index=DE000SL0LRB3
What is the Diversified Macro 5 Index?
The Diversified Macro 5 Index is a fully rules-based index that offers innovative exposure to multiple asset classes. In an attempt to generate consistent returns over time, the Diversified Macro 5 Index implements a strategy that combines an equity component and a macro component (comprised of sub-strategies across fixed income, commodities and currencies components), complemented by a daily risk control mechanism. To learn more about this index, please visit: https://merqube.com/indices/CSEAGESG.
How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?
You have the flexibility to choose how your single 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. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.
The crediting periods for the Accumulation Protector PlusSM Annuity’s crediting strategies range from one, two, or three years. The crediting strategies include a Fixed Rate account, Trigger Rate account, and several Point-to-Point with Participation Rate or Cap Rate accounts. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either a year earlier, two years earlier, or three years earlier, depending on the option you choose.
Are penalty-free withdrawals available?
In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever is greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.
What are the benefits of the Rate Enhancement Rider*?
The Rate Enhancement Rider is an excellent feature to add to your annuity if you want to boost your accumulation potential! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, it provides an opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. By increasing the Participation and Cap Rates, this rider offers greater exposure to potential index growth, allowing a larger percentage of your premium to be linked to index performance.
*There is a fee with the purchase of the rider. Please refer to Our Products page for current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.
When is the earliest I can start receiving annuity payments?
In all states other than Florida, annuity payments may begin after the fifth contract year. In Florida, annuity payments may begin after the first contract year.
What death benefit would be paid to my beneficiary?
The Benefit Feature protects your beneficiary. If you pass away before receiving any proceeds* (other than a Withdrawal), the amount payable to your beneficiary(ies) will be the greater of:
- The Account Value minus any Non-Vested Premium Bonus, or
- The Minimum Guaranteed Surrender Value determined as of the date of death.
No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:
- Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
- Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
- Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.
*Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.
What Settlement Options are available with the Accumulation Protector PlusSM Annuity?
Lifetime Income Only
With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.
Period Certain Only
This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.
Lifetime Income with Guaranteed Period Certain
This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies before the end of the specified period, the beneficiary will receive the remaining payments for that period.
What if I need money due to severe illness?
If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.
When can I reallocate my account value?
The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.
What are my options after the 10-year surrender period ends?
The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.
How does the bonus become fully vested?
When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.
How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?
The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income. If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for! Is the Accumulation Protector PlusSM Annuity Right for You?
- You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
- You are looking for a long-term strategy to grow your principal (ideally around 10 years).
- You like to protect your hard earned money.
- You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
- You enjoy having lots of flexible allocation options when growing your money.
- Access to two global, risk-monitored indices with diversified portfolios.
- You are thinking about retiring soon or have retired.
How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?
You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the Momentum Index, the Diversified Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.
Crediting periods for the Accumulation Protector PlusSM Annuity’s strategies range from one, two, or three years. These crediting strategies include a Fixed Rate account, a Trigger Rate account, and several Point-to-Point accounts with either a Participation Rate or Cap Rate. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either one, two, or three years earlier, depending on the option you choose.
Other Helpful Accumulation Protector PlusSM Annuity FAQ'S
What is the Accumulation Protector PlusSM (APP) Annuity?
The Accumulation Protector PlusSM Annuity (APP) is a fixed indexed annuity designed to both accumulate wealth and protect it against future market downturns. With access to its exclusive and flexible crediting strategies, the APP offers protection and growth potential in any market.*
*The Accumulation Protector PlusSM (APP) Annuity offers growth potential whether the market rises, falls, or remains the same.
What is the Momentum Index?
The Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The Momentum Index was designed to adapt to various market conditions and generate consistent returns over time. The risk-monitored Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends. Access to the Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the Momentum Index brochure or visit: https://www.solactive.com/indices/?index=DE000SL0LRB3
What is the Diversified Macro 5 Index?
The Diversified Macro 5 Index is a fully rules-based index that offers innovative exposure to multiple asset classes. In an attempt to generate consistent returns over time, the Diversified Macro 5 Index implements a strategy that combines an equity component and a macro component (comprised of sub-strategies across fixed income, commodities and currencies components), complemented by a daily risk control mechanism. To learn more about this index, please visit: https://merqube.com/indices/CSEAGESG.
How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?
Whether the market rises, falls, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).
*If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.
Are penalty-free withdrawals available?
In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever is greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.
What are the benefits of the Rate Enhancement Rider*?
The Rate Enhancement Rider is an excellent feature to add to your annuity if you want to boost your accumulation potential! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, it provides an opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. By increasing the Participation and Cap Rates, this rider offers greater exposure to potential index growth, allowing a larger percentage of your premium to be linked to index performance.
*There is a fee with the purchase of the rider. Please refer to Our Products page for current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.
When is the earliest I can start receiving annuity payments?
In all states other than Florida, annuity payments may begin after the fifth contract year. In Florida, annuity payments may begin after the first contract year.
What death benefit would be paid to my beneficiary?
The Benefit Feature protects your beneficiary. If you pass away before receiving any proceeds* (other than a Withdrawal), the amount payable to your beneficiary(ies) will be the greater of:
- The Account Value minus any Non-Vested Premium Bonus, or
- The Minimum Guaranteed Surrender Value determined as of the date of death.
No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:
- Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
- Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
- Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.
*Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.
What Settlement Options are available with the Accumulation Protector PlusSM Annuity?
Lifetime Income Only
With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.
Period Certain Only
This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.
Lifetime Income with Guaranteed Period Certain
This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies before the end of the specified period, the beneficiary will receive the remaining payments for that period.
What if I need money due to severe illness?
If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.
When can I reallocate my account value?
The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.
What are my options after the 10-year surrender period ends?
The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.
How does the bonus become fully vested?
When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.
How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?
The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income. If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for! Is the Accumulation Protector PlusSM Annuity Right for You?
- You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
- You are looking for a long-term strategy to grow your principal (ideally around 10 years).
- You like to protect your hard earned money.
- You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
- You enjoy having lots of flexible allocation options when growing your money.
- Access to two global, risk-monitored indices with diversified portfolios.
- You are thinking about retiring soon or have retired.
Are penalty-free withdrawals available?
In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever is greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.
Other Helpful Accumulation Protector PlusSM Annuity FAQ'S
What is the Momentum Index?
The Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The Momentum Index was designed to adapt to various market conditions and generate consistent returns over time. The risk-monitored Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends. Access to the Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the Momentum Index brochure or visit: https://www.solactive.com/indices/?index=DE000SL0LRB3
What is the Diversified Macro 5 Index?
The Diversified Macro 5 Index is a fully rules-based index that offers innovative exposure to multiple asset classes. In an attempt to generate consistent returns over time, the Diversified Macro 5 Index implements a strategy that combines an equity component and a macro component (comprised of sub-strategies across fixed income, commodities and currencies components), complemented by a daily risk control mechanism. To learn more about this index, please visit: https://merqube.com/indices/CSEAGESG.
How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?
Whether the market rises, falls, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).
*If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.
How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?
You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the Momentum Index, the Diversified Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.
Crediting periods for the Accumulation Protector PlusSM Annuity’s strategies range from one, two, or three years. These crediting strategies include a Fixed Rate account, a Trigger Rate account, and several Point-to-Point accounts with either a Participation Rate or Cap Rate. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either one, two, or three years earlier, depending on the option you choose.
What are the benefits of the Rate Enhancement Rider*?
The Rate Enhancement Rider is an excellent feature to add to your annuity if you want to boost your accumulation potential! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, it provides an opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. By increasing the Participation and Cap Rates, this rider offers greater exposure to potential index growth, allowing a larger percentage of your premium to be linked to index performance.
*There is a fee with the purchase of the rider. Please refer to Our Products page for current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.
When is the earliest I can start receiving annuity payments?
In all states other than Florida, annuity payments may begin after the fifth contract year. In Florida, annuity payments may begin after the first contract year.
What death benefit would be paid to my beneficiary?
The Benefit Feature protects your beneficiary. If you pass away before receiving any proceeds* (other than a Withdrawal), the amount payable to your beneficiary(ies) will be the greater of:
- The Account Value minus any Non-Vested Premium Bonus, or
- The Minimum Guaranteed Surrender Value determined as of the date of death.
No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:
- Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
- Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
- Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.
*Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.
What Settlement Options are available with the Accumulation Protector PlusSM Annuity?
Lifetime Income Only
With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.
Period Certain Only
This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.
Lifetime Income with Guaranteed Period Certain
This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies before the end of the specified period, the beneficiary will receive the remaining payments for that period.
What if I need money due to severe illness?
If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.
When can I reallocate my account value?
The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.
What are my options after the 10-year surrender period ends?
The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.
How does the bonus become fully vested?
When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.
How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?
The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income. If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for! Is the Accumulation Protector PlusSM Annuity Right for You?
- You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
- You are looking for a long-term strategy to grow your principal (ideally around 10 years).
- You like to protect your hard earned money.
- You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
- You enjoy having lots of flexible allocation options when growing your money.
- Access to two global, risk-monitored indices with diversified portfolios.
- You are thinking about retiring soon or have retired.
What are the benefits of the Rate Enhancement Rider*?
The Rate Enhancement Rider is an excellent feature to add to your annuity if you want to boost your accumulation potential! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, it provides an opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. By increasing the Participation and Cap Rates, this rider offers greater exposure to potential index growth, allowing a larger percentage of your premium to be linked to index performance.
*There is a fee with the purchase of the rider. Please refer to Our Products page for the current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.
Other Helpful Accumulation Protector PlusSM Annuity FAQ'S
What is the Momentum Index?
The Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The Momentum Index was designed to adapt to various market conditions and generate consistent returns over time. The risk-monitored Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends. Access to the Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the Momentum Index brochure or visit: https://www.solactive.com/indices/?index=DE000SL0LRB3
What is the Diversified Macro 5 Index?
The Diversified Macro 5 Index is a fully rules-based index that offers innovative exposure to multiple asset classes. In an attempt to generate consistent returns over time, the Diversified Macro 5 Index implements a strategy that combines an equity component and a macro component (comprised of sub-strategies across fixed income, commodities and currencies components), complemented by a daily risk control mechanism. To learn more about this index, please visit: https://merqube.com/indices/CSEAGESG.
How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?
Whether the market rises, falls, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).
*If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.
How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?
You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the Momentum Index, the Diversified Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.
Crediting periods for the Accumulation Protector PlusSM Annuity’s strategies range from one, two, or three years. These crediting strategies include a Fixed Rate account, a Trigger Rate account, and several Point-to-Point accounts with either a Participation Rate or Cap Rate. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either one, two, or three years earlier, depending on the option you choose.
Are penalty-free withdrawals available?
In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever is greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.
When is the earliest I can start receiving annuity payments?
In all states other than Florida, annuity payments may begin after the fifth contract year. In Florida, annuity payments may begin after the first contract year.
What death benefit would be paid to my beneficiary?
The Benefit Feature protects your beneficiary. If you pass away before receiving any proceeds* (other than a Withdrawal), the amount payable to your beneficiary(ies) will be the greater of:
- The Account Value minus any Non-Vested Premium Bonus, or
- The Minimum Guaranteed Surrender Value determined as of the date of death.
No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:
- Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
- Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
- Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.
*Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.
What Settlement Options are available with the Accumulation Protector PlusSM Annuity?
Lifetime Income Only
With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.
Period Certain Only
This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.
Lifetime Income with Guaranteed Period Certain
This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies before the end of the specified period, the beneficiary will receive the remaining payments for that period.
What if I need money due to severe illness?
If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.
When can I reallocate my account value?
The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.
What are my options after the 10-year surrender period ends?
The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.
How does the bonus become fully vested?
When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 10%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.
How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?
The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income. If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for! Is the Accumulation Protector PlusSM Annuity Right for You?
- You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
- You are looking for a long-term strategy to grow your principal (ideally around 10 years).
- You like to protect your hard earned money.
- You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
- You enjoy having lots of flexible allocation options when growing your money.
- Access to two global, risk-monitored indices with diversified portfolios.
- You are thinking about retiring soon or have retired.
When is the earliest I can start receiving annuity payments?
In all states other than Florida, annuity payments may begin after the fifth contract year. In Florida, annuity payments may begin after the first contract year.
Other Helpful Accumulation Protector PlusSM Annuity FAQ'S
What is the Momentum Index?
The Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The Momentum Index was designed to adapt to various market conditions and generate consistent returns over time. The risk-monitored Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends. Access to the Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the Momentum Index brochure or visit: https://www.solactive.com/indices/?index=DE000SL0LRB3
What is the Diversified Macro 5 Index?
The Diversified Macro 5 Index is a fully rules-based index that offers innovative exposure to multiple asset classes. In an attempt to generate consistent returns over time, the Diversified Macro 5 Index implements a strategy that combines an equity component and a macro component (comprised of sub-strategies across fixed income, commodities and currencies components), complemented by a daily risk control mechanism. To learn more about this index, please visit: https://merqube.com/indices/CSEAGESG.
How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?
Whether the market rises, falls, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).
*If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.
How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?
You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the Momentum Index, the Diversified Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.
Crediting periods for the Accumulation Protector PlusSM Annuity’s strategies range from one, two, or three years. These crediting strategies include a Fixed Rate account, a Trigger Rate account, and several Point-to-Point accounts with either a Participation Rate or Cap Rate. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either one, two, or three years earlier, depending on the option you choose.
Are penalty-free withdrawals available?
In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever is greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.
What are the benefits of the Rate Enhancement Rider*?
The Rate Enhancement Rider is an excellent feature to add to your annuity if you want to boost your accumulation potential! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, it provides an opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. By increasing the Participation and Cap Rates, this rider offers greater exposure to potential index growth, allowing a larger percentage of your premium to be linked to index performance.
*There is a fee with the purchase of the rider. Please refer to Our Products page for current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.
What death benefit would be paid to my beneficiary?
The Benefit Feature protects your beneficiary. If you pass away before receiving any proceeds* (other than a Withdrawal), the amount payable to your beneficiary(ies) will be the greater of:
- The Account Value minus any Non-Vested Premium Bonus, or
- The Minimum Guaranteed Surrender Value determined as of the date of death.
No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:
- Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
- Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
- Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.
*Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.
What Settlement Options are available with the Accumulation Protector PlusSM Annuity?
Lifetime Income Only
With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.
Period Certain Only
This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.
Lifetime Income with Guaranteed Period Certain
This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies before the end of the specified period, the beneficiary will receive the remaining payments for that period.
What if I need money due to severe illness?
If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.
When can I reallocate my account value?
The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.
What are my options after the 10-year surrender period ends?
The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.
How does the bonus become fully vested?
When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 5%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.
How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?
The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income. If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for! Is the Accumulation Protector PlusSM Annuity Right for You?
- You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
- You are looking for a long-term strategy to grow your principal (ideally around 10 years).
- You like to protect your hard earned money.
- You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
- You enjoy having lots of flexible allocation options when growing your money.
- Access to two global, risk-monitored indices with diversified portfolios.
- You are thinking about retiring soon or have retired.
What death benefit would be paid to my beneficiary?
The Benefit Feature protects your beneficiary. If you pass away before receiving any proceeds* (other than a Withdrawal), the amount payable to your beneficiary(ies) will be the greater of:
- The Account Value minus any Non-Vested Premium Bonus, or
- The Minimum Guaranteed Surrender Value determined as of the date of death.
No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:
- Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
- Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
- Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.
*Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.
Other Helpful Accumulation Protector PlusSM Annuity FAQ'S
What is the Momentum Index?
The Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The Momentum Index was designed to adapt to various market conditions and generate consistent returns over time. The risk-monitored Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends. Access to the Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the Momentum Index brochure or visit: https://www.solactive.com/indices/?index=DE000SL0LRB3
What is the Diversified Macro 5 Index?
The Diversified Macro 5 Index is a fully rules-based index that offers innovative exposure to multiple asset classes. In an attempt to generate consistent returns over time, the Diversified Macro 5 Index implements a strategy that combines an equity component and a macro component (comprised of sub-strategies across fixed income, commodities and currencies components), complemented by a daily risk control mechanism. To learn more about this index, please visit: https://merqube.com/indices/CSEAGESG.
How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?
Whether the market rises, falls, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).
*If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.
How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?
You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the Momentum Index, the Diversified Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.
Crediting periods for the Accumulation Protector PlusSM Annuity’s strategies range from one, two, or three years. These crediting strategies include a Fixed Rate account, a Trigger Rate account, and several Point-to-Point accounts with either a Participation Rate or Cap Rate. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either one, two, or three years earlier, depending on the option you choose.
Are penalty-free withdrawals available?
In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever is greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.
What are the benefits of the Rate Enhancement Rider*?
The Rate Enhancement Rider is an excellent feature to add to your annuity if you want to boost your accumulation potential! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, it provides an opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. By increasing the Participation and Cap Rates, this rider offers greater exposure to potential index growth, allowing a larger percentage of your premium to be linked to index performance.
*There is a fee with the purchase of the rider. Please refer to Our Products page for current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.
When is the earliest I can start receiving annuity payments?
In all states other than Florida, annuity payments may begin after the fifth contract year. In Florida, annuity payments may begin after the first contract year.
What Settlement Options are available with the Accumulation Protector PlusSM Annuity?
Lifetime Income Only
With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.
Period Certain Only
This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.
Lifetime Income with Guaranteed Period Certain
This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies before the end of the specified period, the beneficiary will receive the remaining payments for that period.
What if I need money due to severe illness?
If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus under certain conditions.
When can I reallocate my account value?
The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that most align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.
What are my options after the 10-year surrender period ends?
The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.
How does the bonus become fully vested?
When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 5%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.
How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?
The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income. If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for! Is the Accumulation Protector PlusSM Annuity Right for You?
- You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
- You are looking for a long-term strategy to grow your principal (ideally around 10 years).
- You like to protect your hard earned money.
- You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
- You enjoy having lots of flexible allocation options when growing your money.
- Access to two global, risk-monitored indices with diversified portfolios.
- You are thinking about retiring soon or have retired.
What Settlement Options are available with the Accumulation Protector PlusSM Annuity?
Lifetime Income Only
With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.
Period Certain Only
This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.
Lifetime Income with Guaranteed Period Certain
This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies before the end of the specified period, the beneficiary will receive the remaining payments for that period.
Other Helpful Accumulation Protector PlusSM Annuity FAQ'S
What is the Momentum Index?
The Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The Momentum Index was designed to adapt to various market conditions and generate consistent returns over time. The risk-monitored Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends. Access to the Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the Momentum Index brochure or visit: https://www.solactive.com/indices/?index=DE000SL0LRB3
What is the Diversified Macro 5 Index?
The Diversified Macro 5 Index is a fully rules-based index that offers innovative exposure to multiple asset classes. In an attempt to generate consistent returns over time, the Diversified Macro 5 Index implements a strategy that combines an equity component and a macro component (comprised of sub-strategies across fixed income, commodities and currencies components), complemented by a daily risk control mechanism. To learn more about this index, please visit: https://merqube.com/indices/CSEAGESG.
How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?
Whether the market rises, falls, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).
*If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.
How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?
You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the Momentum Index, the Diversified Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.
Crediting periods for the Accumulation Protector PlusSM Annuity’s strategies range from one, two, or three years. These crediting strategies include a Fixed Rate account, a Trigger Rate account, and several Point-to-Point accounts with either a Participation Rate or Cap Rate. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either one, two, or three years earlier, depending on the option you choose.
Are penalty-free withdrawals available?
In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever is greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.
What are the benefits of the Rate Enhancement Rider*?
The Rate Enhancement Rider is an excellent feature to add to your annuity if you want to boost your accumulation potential! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, it provides an opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. By increasing the Participation and Cap Rates, this rider offers greater exposure to potential index growth, allowing a larger percentage of your premium to be linked to index performance.
*There is a fee with the purchase of the rider. Please refer to Our Products page for current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.
When is the earliest I can start receiving annuity payments?
In all states other than Florida, annuity payments may begin after the fifth contract year. In Florida, annuity payments may begin after the first contract year.
What death benefit would be paid to my beneficiary?
The Benefit Feature protects your beneficiary. If you pass away before receiving any proceeds* (other than a Withdrawal), the amount payable to your beneficiary(ies) will be the greater of:
- The Account Value minus any Non-Vested Premium Bonus, or
- The Minimum Guaranteed Surrender Value determined as of the date of death.
No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:
- Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
- Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
- Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.
*Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.
What if I need money due to severe illness?
If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus, under certain conditions.
When can I reallocate my account value?
The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.
What are my options after the 10-year surrender period ends?
The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.
How does the bonus become fully vested?
When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 5%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.
How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?
The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income. If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for! Is the Accumulation Protector PlusSM Annuity Right for You?
- You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
- You are looking for a long-term strategy to grow your principal (ideally around 10 years).
- You like to protect your hard earned money.
- You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
- You enjoy having lots of flexible allocation options when growing your money.
- Access to two global, risk-monitored indices with diversified portfolios.
- You are thinking about retiring soon or have retired.
What if I need money due to severe illness?
If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus, under certain conditions.
Other Helpful Accumulation Protector PlusSM Annuity FAQ'S
What is the Momentum Index?
The Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The Momentum Index was designed to adapt to various market conditions and generate consistent returns over time. The risk-monitored Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends. Access to the Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the Momentum Index brochure or visit: https://www.solactive.com/indices/?index=DE000SL0LRB3
What is the Diversified Macro 5 Index?
The Diversified Macro 5 Index is a fully rules-based index that offers innovative exposure to multiple asset classes. In an attempt to generate consistent returns over time, the Diversified Macro 5 Index implements a strategy that combines an equity component and a macro component (comprised of sub-strategies across fixed income, commodities and currencies components), complemented by a daily risk control mechanism. To learn more about this index, please visit: https://merqube.com/indices/CSEAGESG.
How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?
Whether the market rises, falls, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).
*If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.
How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?
You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the Momentum Index, the Diversified Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.
Crediting periods for the Accumulation Protector PlusSM Annuity’s strategies range from one, two, or three years. These crediting strategies include a Fixed Rate account, a Trigger Rate account, and several Point-to-Point accounts with either a Participation Rate or Cap Rate. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either one, two, or three years earlier, depending on the option you choose.
Are penalty-free withdrawals available?
In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever is greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.
What are the benefits of the Rate Enhancement Rider*?
The Rate Enhancement Rider is an excellent feature to add to your annuity if you want to boost your accumulation potential! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, it provides an opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. By increasing the Participation and Cap Rates, this rider offers greater exposure to potential index growth, allowing a larger percentage of your premium to be linked to index performance.
*There is a fee with the purchase of the rider. Please refer to Our Products page for current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.
When is the earliest I can start receiving annuity payments?
In all states other than Florida, annuity payments may begin after the fifth contract year. In Florida, annuity payments may begin after the first contract year.
What death benefit would be paid to my beneficiary?
The Benefit Feature protects your beneficiary. If you pass away before receiving any proceeds* (other than a Withdrawal), the amount payable to your beneficiary(ies) will be the greater of:
- The Account Value minus any Non-Vested Premium Bonus, or
- The Minimum Guaranteed Surrender Value determined as of the date of death.
No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:
- Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
- Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
- Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.
*Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.
What Settlement Options are available with the Accumulation Protector PlusSM Annuity?
Lifetime Income Only
With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.
Period Certain Only
This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.
Lifetime Income with Guaranteed Period Certain
This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies before the end of the specified period, the beneficiary will receive the remaining payments for that period.
When can I reallocate my account value?
The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.
What are my options after the 10-year surrender period ends?
The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.
How does the bonus become fully vested?
When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 5%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.
How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?
The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income. If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for! Is the Accumulation Protector PlusSM Annuity Right for You?
- You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
- You are looking for a long-term strategy to grow your principal (ideally around 10 years).
- You like to protect your hard earned money.
- You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
- You enjoy having lots of flexible allocation options when growing your money.
- Access to two global, risk-monitored indices with diversified portfolios.
- You are thinking about retiring soon or have retired.
When can I reallocate my account value?
The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.
Other Helpful Accumulation Protector PlusSM Annuity FAQ'S
What is the Momentum Index?
The Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The Momentum Index was designed to adapt to various market conditions and generate consistent returns over time. The risk-monitored Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends. Access to the Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the Momentum Index brochure or visit: https://www.solactive.com/indices/?index=DE000SL0LRB3
What is the Diversified Macro 5 Index?
The Diversified Macro 5 Index is a fully rules-based index that offers innovative exposure to multiple asset classes. In an attempt to generate consistent returns over time, the Diversified Macro 5 Index implements a strategy that combines an equity component and a macro component (comprised of sub-strategies across fixed income, commodities and currencies components), complemented by a daily risk control mechanism. To learn more about this index, please visit: https://merqube.com/indices/CSEAGESG.
How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?
Whether the market rises, falls, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).
*If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.
How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?
You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the Momentum Index, the Diversified Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.
Crediting periods for the Accumulation Protector PlusSM Annuity’s strategies range from one, two, or three years. These crediting strategies include a Fixed Rate account, a Trigger Rate account, and several Point-to-Point accounts with either a Participation Rate or Cap Rate. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either one, two, or three years earlier, depending on the option you choose.
Are penalty-free withdrawals available?
In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever is greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.
What are the benefits of the Rate Enhancement Rider*?
The Rate Enhancement Rider is an excellent feature to add to your annuity if you want to boost your accumulation potential! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, it provides an opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. By increasing the Participation and Cap Rates, this rider offers greater exposure to potential index growth, allowing a larger percentage of your premium to be linked to index performance.
*There is a fee with the purchase of the rider. Please refer to Our Products page for current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.
When is the earliest I can start receiving annuity payments?
In all states other than Florida, annuity payments may begin after the fifth contract year. In Florida, annuity payments may begin after the first contract year.
What death benefit would be paid to my beneficiary?
The Benefit Feature protects your beneficiary. If you pass away before receiving any proceeds* (other than a Withdrawal), the amount payable to your beneficiary(ies) will be the greater of:
- The Account Value minus any Non-Vested Premium Bonus, or
- The Minimum Guaranteed Surrender Value determined as of the date of death.
No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:
- Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
- Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
- Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.
*Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.
What Settlement Options are available with the Accumulation Protector PlusSM Annuity?
Lifetime Income Only
With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.
Period Certain Only
This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.
Lifetime Income with Guaranteed Period Certain
This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies before the end of the specified period, the beneficiary will receive the remaining payments for that period.
What if I need money due to severe illness?
If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus, under certain conditions.
What are my options after the 10-year surrender period ends?
The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.
How does the bonus become fully vested?
When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 5%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.
How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?
The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income. If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for! Is the Accumulation Protector PlusSM Annuity Right for You?
- You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
- You are looking for a long-term strategy to grow your principal (ideally around 10 years).
- You like to protect your hard earned money.
- You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
- You enjoy having lots of flexible allocation options when growing your money.
- Access to two global, risk-monitored indices with diversified portfolios.
- You are thinking about retiring soon or have retired.
What are my options after the 10-year surrender period ends?
The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.
Other Helpful Accumulation Protector PlusSM Annuity FAQ'S
What is the Momentum Index?
The Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The Momentum Index was designed to adapt to various market conditions and generate consistent returns over time. The risk-monitored Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends. Access to the Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the Momentum Index brochure or visit: https://www.solactive.com/indices/?index=DE000SL0LRB3
What is the Diversified Macro 5 Index?
The Diversified Macro 5 Index is a fully rules-based index that offers innovative exposure to multiple asset classes. In an attempt to generate consistent returns over time, the Diversified Macro 5 Index implements a strategy that combines an equity component and a macro component (comprised of sub-strategies across fixed income, commodities and currencies components), complemented by a daily risk control mechanism. To learn more about this index, please visit: https://merqube.com/indices/CSEAGESG.
How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?
Whether the market rises, falls, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).
*If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.
How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?
You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the Momentum Index, the Diversified Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.
Crediting periods for the Accumulation Protector PlusSM Annuity’s strategies range from one, two, or three years. These crediting strategies include a Fixed Rate account, a Trigger Rate account, and several Point-to-Point accounts with either a Participation Rate or Cap Rate. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either one, two, or three years earlier, depending on the option you choose.
Are penalty-free withdrawals available?
In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever is greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.
What are the benefits of the Rate Enhancement Rider*?
The Rate Enhancement Rider is an excellent feature to add to your annuity if you want to boost your accumulation potential! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, it provides an opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. By increasing the Participation and Cap Rates, this rider offers greater exposure to potential index growth, allowing a larger percentage of your premium to be linked to index performance.
*There is a fee with the purchase of the rider. Please refer to Our Products page for current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.
When is the earliest I can start receiving annuity payments?
In all states other than Florida, annuity payments may begin after the fifth contract year. In Florida, annuity payments may begin after the first contract year.
What death benefit would be paid to my beneficiary?
The Benefit Feature protects your beneficiary. If you pass away before receiving any proceeds* (other than a Withdrawal), the amount payable to your beneficiary(ies) will be the greater of:
- The Account Value minus any Non-Vested Premium Bonus, or
- The Minimum Guaranteed Surrender Value determined as of the date of death.
No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:
- Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
- Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
- Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.
*Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.
What Settlement Options are available with the Accumulation Protector PlusSM Annuity?
Lifetime Income Only
With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.
Period Certain Only
This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.
Lifetime Income with Guaranteed Period Certain
This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies before the end of the specified period, the beneficiary will receive the remaining payments for that period.
What if I need money due to severe illness?
If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus, under certain conditions.
When can I reallocate my account value?
The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.
How does the bonus become fully vested?
When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 5%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.
How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?
The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income. If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for! Is the Accumulation Protector PlusSM Annuity Right for You?
- You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
- You are looking for a long-term strategy to grow your principal (ideally around 10 years).
- You like to protect your hard earned money.
- You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
- You enjoy having lots of flexible allocation options when growing your money.
- Access to two global, risk-monitored indices with diversified portfolios.
- You are thinking about retiring soon or have retired.
How does the bonus become fully vested?
When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 5%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.
Other Helpful Accumulation Protector PlusSM Annuity FAQ'S
What is the Momentum Index?
The Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The Momentum Index was designed to adapt to various market conditions and generate consistent returns over time. The risk-monitored Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends. Access to the Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the Momentum Index brochure or visit: https://www.solactive.com/indices/?index=DE000SL0LRB3
What is the Diversified Macro 5 Index?
The Diversified Macro 5 Index is a fully rules-based index that offers innovative exposure to multiple asset classes. In an attempt to generate consistent returns over time, the Diversified Macro 5 Index implements a strategy that combines an equity component and a macro component (comprised of sub-strategies across fixed income, commodities and currencies components), complemented by a daily risk control mechanism. To learn more about this index, please visit: https://merqube.com/indices/CSEAGESG.
How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?
Whether the market rises, falls, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).
*If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.
How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?
You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the Momentum Index, the Diversified Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.
Crediting periods for the Accumulation Protector PlusSM Annuity’s strategies range from one, two, or three years. These crediting strategies include a Fixed Rate account, a Trigger Rate account, and several Point-to-Point accounts with either a Participation Rate or Cap Rate. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either one, two, or three years earlier, depending on the option you choose.
Are penalty-free withdrawals available?
In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever is greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.
What are the benefits of the Rate Enhancement Rider*?
The Rate Enhancement Rider is an excellent feature to add to your annuity if you want to boost your accumulation potential! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, it provides an opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. By increasing the Participation and Cap Rates, this rider offers greater exposure to potential index growth, allowing a larger percentage of your premium to be linked to index performance.
*There is a fee with the purchase of the rider. Please refer to Our Products page for current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.
When is the earliest I can start receiving annuity payments?
In all states other than Florida, annuity payments may begin after the fifth contract year. In Florida, annuity payments may begin after the first contract year.
What death benefit would be paid to my beneficiary?
The Benefit Feature protects your beneficiary. If you pass away before receiving any proceeds* (other than a Withdrawal), the amount payable to your beneficiary(ies) will be the greater of:
- The Account Value minus any Non-Vested Premium Bonus, or
- The Minimum Guaranteed Surrender Value determined as of the date of death.
No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:
- Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
- Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
- Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.
*Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.
What Settlement Options are available with the Accumulation Protector PlusSM Annuity?
Lifetime Income Only
With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.
Period Certain Only
This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.
Lifetime Income with Guaranteed Period Certain
This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies before the end of the specified period, the beneficiary will receive the remaining payments for that period.
What if I need money due to severe illness?
If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus, under certain conditions.
When can I reallocate my account value?
The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.
What are my options after the 10-year surrender period ends?
The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.
How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?
The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income. If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for! Is the Accumulation Protector PlusSM Annuity Right for You?
- You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
- You are looking for a long-term strategy to grow your principal (ideally around 10 years).
- You like to protect your hard earned money.
- You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
- You enjoy having lots of flexible allocation options when growing your money.
- Access to two global, risk-monitored indices with diversified portfolios.
- You are thinking about retiring soon or have retired.
How do I know if the Accumulation Protector PlusSM Annuity is the right product for my needs?
The Accumulation Protector PlusSM Annuity can be a wonderful growth vehicle for those looking to accumulate wealth and protect their retirement income. If the below sounds like you, the Accumulation Protector PlusSM Annuity may be the addition you have been searching for! Is the Accumulation Protector PlusSM Annuity Right for You?
- You have a low-tolerance for risk, and typically invest in CDs, Savings Bonds, Money Market Funds, and Treasury Bills.
- You are looking for a long-term strategy to grow your principal (ideally around 10 years).
- You like to protect your hard earned money.
- You want to preserve the legacy you have built by accumulating more wealth in a reliable way.
- You enjoy having lots of flexible allocation options when growing your money.
- Access to two global, risk-monitored indices with diversified portfolios.
- You are thinking about retiring soon or have retired.
Other Helpful Accumulation Protector PlusSM Annuity FAQ'S
What is the Momentum Index?
The Momentum Index is a global multi-asset index that dynamically allocates across its components using a unique and flexible momentum-driven strategy with risk-adjusted weightings. The Momentum Index was designed to adapt to various market conditions and generate consistent returns over time. The risk-monitored Momentum Index can create value for your annuity in all market types (rising, falling, or remaining the same) by taking long positions (buying) in components exhibiting the strongest trends and short positions (selling) in components with weaker trends. Access to the Momentum Index is exclusive to buyers of the Accumulation Protector PlusSM Annuity. To learn more about this index, please read the Momentum Index brochure or visit: https://www.solactive.com/indices/?index=DE000SL0LRB3
What is the Diversified Macro 5 Index?
The Diversified Macro 5 Index is a fully rules-based index that offers innovative exposure to multiple asset classes. In an attempt to generate consistent returns over time, the Diversified Macro 5 Index implements a strategy that combines an equity component and a macro component (comprised of sub-strategies across fixed income, commodities and currencies components), complemented by a daily risk control mechanism. To learn more about this index, please visit: https://merqube.com/indices/CSEAGESG.
How does the Accumulation Protector PlusSM (APP) Annuity protect my principal?
Whether the market rises, falls, or remains the same, your principal is guaranteed not to decrease* due to market performance and is protected through the APP’s Fixed and Indexed Accounts.
You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices).
*If Rate Enhancement Rider is purchased, principal will not decrease due to market performance but could decrease due to the rider fee.
How can my principal grow through the Accumulation Protector PlusSM (APP) Annuity?
You have the flexibility to choose how your single premium is allocated across eleven crediting strategies. These crediting strategies include a Fixed Account and ten Indexed Accounts linked to three indices, the Momentum Index, the Diversified Macro 5 Index, and the S&P 500® Index. We know that your life and needs are ever evolving, and that is why you can adjust your allocations on the contract anniversary coinciding with the end of each strategy’s crediting period. At that time, you may allocate to any available strategy for a new crediting period of one, two or three years.
Crediting periods for the Accumulation Protector PlusSM Annuity’s strategies range from one, two, or three years. These crediting strategies include a Fixed Rate account, a Trigger Rate account, and several Point-to-Point accounts with either a Participation Rate or Cap Rate. A Point-to-Point strategy measures the difference in the index’s value on each contract anniversary, comparing it to the value of the index either one, two, or three years earlier, depending on the option you choose.
Are penalty-free withdrawals available?
In the second contract year, the Accumulation Protector PlusSM Annuity allows you to withdraw up to 5% of your Account Value or your Required Minimum Distribution, whichever is greater. With the purchase of the Rate Enhancement Rider, this 5% increases to 10%.
What are the benefits of the Rate Enhancement Rider*?
The Rate Enhancement Rider is an excellent feature to add to your annuity if you want to boost your accumulation potential! This rider increases the amount available for free withdrawal from 5% to 10% of your annuity’s Account Value. Additionally, it provides an opportunity to earn more interest as it increases the Fixed, Participation, and Cap rates across your annuity’s crediting strategies. By increasing the Participation and Cap Rates, this rider offers greater exposure to potential index growth, allowing a larger percentage of your premium to be linked to index performance.
*There is a fee with the purchase of the rider. Please refer to Our Products page for current rates and fees.
The Accumulation Protector PlusSM Annuity offers a 110% Return of Premium (ROP) Guarantee if the Rate Enhancement Rider is purchased and the contract persists to year 10. The premium is adjusted for withdrawals.
When is the earliest I can start receiving annuity payments?
In all states other than Florida, annuity payments may begin after the fifth contract year. In Florida, annuity payments may begin after the first contract year.
What death benefit would be paid to my beneficiary?
The Benefit Feature protects your beneficiary. If you pass away before receiving any proceeds* (other than a Withdrawal), the amount payable to your beneficiary(ies) will be the greater of:
- The Account Value minus any Non-Vested Premium Bonus, or
- The Minimum Guaranteed Surrender Value determined as of the date of death.
No withdrawal charges apply to death benefits, and there are several settlement options available to your beneficiary if you pass away:
- Spousal Continuation -The Owner’s spouse, who is the sole primary beneficiary, becomes the Owner and continues to receive the benefits of the APP Annuity.
- Lump Sum – The entire death benefit is paid to the beneficiary in a single payment.
- Additional Settlement Options – Please see the answer to the following question for all Settlement Option details.
*Proceeds are defined as the amount payable when: (1) the Owner surrenders their Contract; (2) the Contract matures; or (3) a Settlement Option is elected through the Early Payout Feature.
What Settlement Options are available with the Accumulation Protector PlusSM Annuity?
Lifetime Income Only
With this option, the annuitant receives equal monthly payments for the rest of their lifetime. Payments will end with the payment due just before the annuitant’s death. No death benefit is payable with this option.
Period Certain Only
This settlement option guarantees equal monthly payments for a specified period, between 10 years and 20 years. After the fifth contract year, you may request a specific period, with guaranteed equal monthly payments, between 5 years and 20 years. If the annuitant dies before payments have been made for the specified period, the beneficiary will receive remaining payments for the specified period.
Lifetime Income with Guaranteed Period Certain
This settlement option provides equal monthly payments for the greater of the annuitant’s remaining lifetime or a specified period of time. If the annuitant dies before the end of the specified period, the beneficiary will receive the remaining payments for that period.
What if I need money due to severe illness?
If you are diagnosed with a terminal illness or need to move into a nursing home, you can make a full surrender or partial withdrawal with no Market Value Adjustment, Surrender Charge, or loss of any applicable Non-Vested Premium Bonus, under certain conditions.
When can I reallocate my account value?
The APP Annuity offers a diversified set of fixed and indexed crediting strategies with 1, 2 or 3 year periods that allow you and your advisor to choose the accounts and periods that align with your goals. Additionally, you can adjust the allocations on the contract anniversary, coinciding with the end of the crediting period, to continue to meet your changing needs.
What are my options after the 10-year surrender period ends?
The highly flexible APP allows you to continue your annuity – even after the 10-year surrender period ends. You also have the option to withdraw a portion or all of your account value or apply a settlement option to receive annuity payments over time.
How does the bonus become fully vested?
When you purchase the Accumulation Protector PlusSM Annuity you will receive a one-time premium bonus of 5%. The premium bonus is immediately credited to your account, increasing the value of your account and giving you the opportunity to earn additional interest. Your premium bonus and affiliated interest can be accessed subject to your vesting schedule. The vesting schedule applies for 10 contract years, in which the amount of vested premium bonus gradually increases from 0% to 100% vested.
Credit Suisse Group AG, Credit Suisse International, and their affiliates have not created, published or approved this document and accept no responsibility or liability for its contents or use.
Income Navigator
When can I reallocate funds?
- 1. Forms are sent out 90 days before your anniversary.
- 2. Fill out the form and return it to us 30 days before your policy anniversary.
Other Helpful Income Navigator FAQ'S
What accounts should I allocate into?
We are not able to advise you. You will need to speak with an agent or financial advisor.
Do I have any penalty free funds available for withdrawal?
- 1. If you have any funds in the fixed account in the first contract year penalty free funds will be available for withdrawal.
- 2. After the first year you have up to 10% or your RMD available penalty free.
How is my bonus vested?
Your entire bonus is not vested until the end of the 10 year contract period.
What is the death benefit?
The death benefit is the same as the vested value as of the date of death.
How does the income rider work?
- 1. Designed to give income for your lifetime once it is activated.
- Income payments can be stopped and restarted once it is activated.
- 2. Income rider can be removed but cannot be added again and you will be charged the rider fee for the contract year you are in.
What is the amount of income I can get?
You will need to call us to get the amount of income available to you.
What is the roll up rate?
Your roll up rate is contract specific. Please call us for your information or it is available in your policy.
What tax forms do you send out?
1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year. 5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.
What accounts should I allocate into?
We are not able to advise you. You will need to speak with an agent or financial advisor.
Other Helpful Income Navigator FAQ'S
When can I reallocate funds?
- 1. Forms are sent out 90 days before your anniversary.
- 2. Fill out the form and return it to us 30 days before your policy anniversary.
Do I have any penalty free funds available for withdrawal?
- 1. If you have any funds in the fixed account in the first contract year penalty free funds will be available for withdrawal.
- 2. After the first year you have up to 10% or your RMD available penalty free.
How is my bonus vested?
Your entire bonus is not vested until the end of the 10 year contract period.
What is the death benefit?
The death benefit is the same as the vested value as of the date of death.
How does the income rider work?
- 1. Designed to give income for your lifetime once it is activated.
- Income payments can be stopped and restarted once it is activated.
- 2. Income rider can be removed but cannot be added again and you will be charged the rider fee for the contract year you are in.
What is the amount of income I can get?
You will need to call us to get the amount of income available to you.
What is the roll up rate?
Your roll up rate is contract specific. Please call us for your information or it is available in your policy.
What tax forms do you send out?
1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year. 5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.
Do I have any penalty free funds available for withdrawal?
- 1. If you have any funds in the fixed account in the first contract year penalty free funds will be available for withdrawal.
- 2. After the first year you have up to 10% or your RMD available penalty free.
Other Helpful Income Navigator FAQ'S
When can I reallocate funds?
- 1. Forms are sent out 90 days before your anniversary.
- 2. Fill out the form and return it to us 30 days before your policy anniversary.
What accounts should I allocate into?
We are not able to advise you. You will need to speak with an agent or financial advisor.
How is my bonus vested?
Your entire bonus is not vested until the end of the 10 year contract period.
What is the death benefit?
The death benefit is the same as the vested value as of the date of death.
How does the income rider work?
- 1. Designed to give income for your lifetime once it is activated.
- Income payments can be stopped and restarted once it is activated.
- 2. Income rider can be removed but cannot be added again and you will be charged the rider fee for the contract year you are in.
What is the amount of income I can get?
You will need to call us to get the amount of income available to you.
What is the roll up rate?
Your roll up rate is contract specific. Please call us for your information or it is available in your policy.
What tax forms do you send out?
1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year. 5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.
How is my bonus vested?
Your entire bonus is not vested until the end of the 10 year contract period.
Other Helpful Income Navigator FAQ'S
When can I reallocate funds?
- 1. Forms are sent out 90 days before your anniversary.
- 2. Fill out the form and return it to us 30 days before your policy anniversary.
What accounts should I allocate into?
We are not able to advise you. You will need to speak with an agent or financial advisor.
Do I have any penalty free funds available for withdrawal?
- 1. If you have any funds in the fixed account in the first contract year penalty free funds will be available for withdrawal.
- 2. After the first year you have up to 10% or your RMD available penalty free.
What is the death benefit?
The death benefit is the same as the vested value as of the date of death.
How does the income rider work?
- 1. Designed to give income for your lifetime once it is activated.
- Income payments can be stopped and restarted once it is activated.
- 2. Income rider can be removed but cannot be added again and you will be charged the rider fee for the contract year you are in.
What is the amount of income I can get?
You will need to call us to get the amount of income available to you.
What is the roll up rate?
Your roll up rate is contract specific. Please call us for your information or it is available in your policy.
What tax forms do you send out?
1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year. 5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.
What is the death benefit?
The death benefit is the same as the vested value as of the date of death.
Other Helpful Income Navigator FAQ'S
When can I reallocate funds?
- 1. Forms are sent out 90 days before your anniversary.
- 2. Fill out the form and return it to us 30 days before your policy anniversary.
What accounts should I allocate into?
We are not able to advise you. You will need to speak with an agent or financial advisor.
Do I have any penalty free funds available for withdrawal?
- 1. If you have any funds in the fixed account in the first contract year penalty free funds will be available for withdrawal.
- 2. After the first year you have up to 10% or your RMD available penalty free.
How is my bonus vested?
Your entire bonus is not vested until the end of the 10 year contract period.
How does the income rider work?
- 1. Designed to give income for your lifetime once it is activated.
- Income payments can be stopped and restarted once it is activated.
- 2. Income rider can be removed but cannot be added again and you will be charged the rider fee for the contract year you are in.
What is the amount of income I can get?
You will need to call us to get the amount of income available to you.
What is the roll up rate?
Your roll up rate is contract specific. Please call us for your information or it is available in your policy.
What tax forms do you send out?
1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year. 5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.
How does the income rider work?
- 1. Designed to give income for your lifetime once it is activated.
- Income payments can be stopped and restarted once it is activated.
- 2. Income rider can be removed but cannot be added again and you will be charged the rider fee for the contract year you are in.
Other Helpful Income Navigator FAQ'S
When can I reallocate funds?
- 1. Forms are sent out 90 days before your anniversary.
- 2. Fill out the form and return it to us 30 days before your policy anniversary.
What accounts should I allocate into?
We are not able to advise you. You will need to speak with an agent or financial advisor.
Do I have any penalty free funds available for withdrawal?
- 1. If you have any funds in the fixed account in the first contract year penalty free funds will be available for withdrawal.
- 2. After the first year you have up to 10% or your RMD available penalty free.
How is my bonus vested?
Your entire bonus is not vested until the end of the 10 year contract period.
What is the death benefit?
The death benefit is the same as the vested value as of the date of death.
What is the amount of income I can get?
You will need to call us to get the amount of income available to you.
What is the roll up rate?
Your roll up rate is contract specific. Please call us for your information or it is available in your policy.
What tax forms do you send out?
1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year. 5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.
What is the amount of income I can get?
You will need to call us to get the amount of income available to you.
Other Helpful Income Navigator FAQ'S
When can I reallocate funds?
- 1. Forms are sent out 90 days before your anniversary.
- 2. Fill out the form and return it to us 30 days before your policy anniversary.
What accounts should I allocate into?
We are not able to advise you. You will need to speak with an agent or financial advisor.
Do I have any penalty free funds available for withdrawal?
- 1. If you have any funds in the fixed account in the first contract year penalty free funds will be available for withdrawal.
- 2. After the first year you have up to 10% or your RMD available penalty free.
How is my bonus vested?
Your entire bonus is not vested until the end of the 10 year contract period.
What is the death benefit?
The death benefit is the same as the vested value as of the date of death.
How does the income rider work?
- 1. Designed to give income for your lifetime once it is activated.
- Income payments can be stopped and restarted once it is activated.
- 2. Income rider can be removed but cannot be added again and you will be charged the rider fee for the contract year you are in.
What is the roll up rate?
Your roll up rate is contract specific. Please call us for your information or it is available in your policy.
What tax forms do you send out?
1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year. 5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.
What is the roll up rate?
Your roll up rate is contract specific. Please call us for your information or it is available in your policy.
Other Helpful Income Navigator FAQ'S
When can I reallocate funds?
- 1. Forms are sent out 90 days before your anniversary.
- 2. Fill out the form and return it to us 30 days before your policy anniversary.
What accounts should I allocate into?
We are not able to advise you. You will need to speak with an agent or financial advisor.
Do I have any penalty free funds available for withdrawal?
- 1. If you have any funds in the fixed account in the first contract year penalty free funds will be available for withdrawal.
- 2. After the first year you have up to 10% or your RMD available penalty free.
How is my bonus vested?
Your entire bonus is not vested until the end of the 10 year contract period.
What is the death benefit?
The death benefit is the same as the vested value as of the date of death.
How does the income rider work?
- 1. Designed to give income for your lifetime once it is activated.
- Income payments can be stopped and restarted once it is activated.
- 2. Income rider can be removed but cannot be added again and you will be charged the rider fee for the contract year you are in.
What is the amount of income I can get?
You will need to call us to get the amount of income available to you.
What tax forms do you send out?
1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year. 5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.
What tax forms do you send out?
1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year. 5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.
Other Helpful Income Navigator FAQ'S
When can I reallocate funds?
- 1. Forms are sent out 90 days before your anniversary.
- 2. Fill out the form and return it to us 30 days before your policy anniversary.
What accounts should I allocate into?
We are not able to advise you. You will need to speak with an agent or financial advisor.
Do I have any penalty free funds available for withdrawal?
- 1. If you have any funds in the fixed account in the first contract year penalty free funds will be available for withdrawal.
- 2. After the first year you have up to 10% or your RMD available penalty free.
How is my bonus vested?
Your entire bonus is not vested until the end of the 10 year contract period.
What is the death benefit?
The death benefit is the same as the vested value as of the date of death.
How does the income rider work?
- 1. Designed to give income for your lifetime once it is activated.
- Income payments can be stopped and restarted once it is activated.
- 2. Income rider can be removed but cannot be added again and you will be charged the rider fee for the contract year you are in.
What is the amount of income I can get?
You will need to call us to get the amount of income available to you.
What is the roll up rate?
Your roll up rate is contract specific. Please call us for your information or it is available in your policy.
Preneed
What is Preneed Planning?
Preneed planning is the process of determining your desires concerning your funeral and the arrangements. It involves recording your individual preferences, and also gives you the option to pay for your funeral in advance.
Other Preneed FAQ’s
Why do I need to preplan?
Preplanning provides peace of mind because you know for certain that your desires have been communicated and it relieves your family from having to make these decisions.
Can I pay for my funeral today?
Yes you can. And not only do you have the opportunity to pay for it today, but, doing so often means that you can lock in the cost at today’s prices. This provides you the security that the money will be there to pay for your services in the future. Each funeral home makes its own decisions as to whether or not they will “lock in” today’s prices.
Who would I contact to preplan my funeral?
You would contact the funeral home you are most comfortable with. They will have professionals who will explain every aspect of the process.
Find a funeral home in your areaWhat role does ACL perform in the preneed process?
Atlantic Coast Life provides preneed life and annuity products to funeral homes that are used as the selected product to fund the future payment for your funeral. These products are used to fund the future payment for your funeral.
Why do I need to preplan?
Preplanning provides peace of mind because you know for certain that your desires have been communicated and it relieves your family from having to make these decisions.
Other Preneed FAQ’s
What is Preneed Planning?
Preneed planning is the process of determining your desires concerning your funeral and the arrangements. It involves recording your individual preferences, and also gives you the option to pay for your funeral in advance.
Can I pay for my funeral today?
Yes you can. And not only do you have the opportunity to pay for it today, but, doing so often means that you can lock in the cost at today’s prices. This provides you the security that the money will be there to pay for your services in the future. Each funeral home makes its own decisions as to whether or not they will “lock in” today’s prices.
Who would I contact to preplan my funeral?
You would contact the funeral home you are most comfortable with. They will have professionals who will explain every aspect of the process.
Find a funeral home in your areaWhat role does ACL perform in the preneed process?
Atlantic Coast Life provides preneed life and annuity products to funeral homes that are used as the selected product to fund the future payment for your funeral. These products are used to fund the future payment for your funeral.
Can I pay for my funeral today?
Yes you can. And not only do you have the opportunity to pay for it today, but, doing so often means that you can lock in the cost at today’s prices. This provides you the security that the money will be there to pay for your services in the future. Each funeral home makes its own decisions as to whether or not they will “lock in” today’s prices.
Other Preneed FAQ’s
What is Preneed Planning?
Preneed planning is the process of determining your desires concerning your funeral and the arrangements. It involves recording your individual preferences, and also gives you the option to pay for your funeral in advance.
Why do I need to preplan?
Preplanning provides peace of mind because you know for certain that your desires have been communicated and it relieves your family from having to make these decisions.
Who would I contact to preplan my funeral?
You would contact the funeral home you are most comfortable with. They will have professionals who will explain every aspect of the process.
Find a funeral home in your areaWhat role does ACL perform in the preneed process?
Atlantic Coast Life provides preneed life and annuity products to funeral homes that are used as the selected product to fund the future payment for your funeral. These products are used to fund the future payment for your funeral.
Who would I contact to preplan my funeral?
You would contact the funeral home you are most comfortable with. They will have professionals who will explain every aspect of the process.
Find a funeral home in your areaOther Preneed FAQ’s
What is Preneed Planning?
Preneed planning is the process of determining your desires concerning your funeral and the arrangements. It involves recording your individual preferences, and also gives you the option to pay for your funeral in advance.
Why do I need to preplan?
Preplanning provides peace of mind because you know for certain that your desires have been communicated and it relieves your family from having to make these decisions.
Can I pay for my funeral today?
Yes you can. And not only do you have the opportunity to pay for it today, but, doing so often means that you can lock in the cost at today’s prices. This provides you the security that the money will be there to pay for your services in the future. Each funeral home makes its own decisions as to whether or not they will “lock in” today’s prices.
What role does ACL perform in the preneed process?
Atlantic Coast Life provides preneed life and annuity products to funeral homes that are used as the selected product to fund the future payment for your funeral. These products are used to fund the future payment for your funeral.
What role does ACL perform in the Preneed process?
Atlantic Coast Life provides preneed life and annuity products to funeral homes that are used as the selected product to fund the future payment for your funeral. These products are used to fund the future payment for your funeral.
Other Preneed FAQ’s
What is Preneed Planning?
Preneed planning is the process of determining your desires concerning your funeral and the arrangements. It involves recording your individual preferences, and also gives you the option to pay for your funeral in advance.
Why do I need to preplan?
Preplanning provides peace of mind because you know for certain that your desires have been communicated and it relieves your family from having to make these decisions.
Can I pay for my funeral today?
Yes you can. And not only do you have the opportunity to pay for it today, but, doing so often means that you can lock in the cost at today’s prices. This provides you the security that the money will be there to pay for your services in the future. Each funeral home makes its own decisions as to whether or not they will “lock in” today’s prices.
Who would I contact to preplan my funeral?
You would contact the funeral home you are most comfortable with. They will have professionals who will explain every aspect of the process.
Find a funeral home in your area
Life Insurance
Who needs life insurance?
Practically everyone! If your death would create financial consequences, and it would, you need life insurance. Life insurance serves a wide range of needs, from paying for final expenses, providing income to surviving loved ones, and paying off mortgages, just to name a few.
Other Life Insurance FAQ’s
What kind of life insurance do I need?
That depends on how much you need and how much of your disposable income can be channeled in that direction.
Term insurance is generally the least expensive, but has a limited benefit period, usually expressed as 5, 10, or 20 years. Many term plans are renewable and the price usually increases at renewal.
Whole life products generally provide coverage that lasts for the whole of life. Premiums are guaranteed for life and the cost is higher than term. Whole life builds a cash value, which may be an important advantage.
There are other forms of insurance and combinations of term and whole life that create a very nice “middle ground” approach to price and benefits.How much life insurance do I need?
That is usually best determined by meeting with an insurance professional. Some needs, like mortgage insurance, are easy to determine. For example, a $100,000 mortgage insurance would require $100,000 of decreasing coverage.
Some financial experts generally recommend some multiple of your salary, say 7 or 10 times. Again, consulting with an insurance professional is usually best.
What kind of life insurance do I need?
That depends on how much you need and how much of your disposable
income can be channeled in that direction.
Term insurance is generally the least expensive, but has a limited
benefit period, usually expressed as 5, 10, or 20 years. Many term
plans are renewable and the price usually increases at renewal.
Whole life products generally provide coverage that lasts for the
whole of life. Premiums are guaranteed for life and the cost is
higher than term. Whole life builds a cash value, which may be an
important advantage.
There are other forms of insurance and combinations of term and
whole life that create a very nice “middle ground” approach to
price and benefits.
Other Life Insurance FAQ’s
Who needs life insurance?
Practically everyone! If your death would create financial consequences, and it would, you need life insurance. Life insurance serves a wide range of needs, from paying for final expenses, providing income to surviving loved ones, and paying off mortgages, just to name a few.
How much life insurance do I need?
That is usually best determined by meeting with an insurance professional. Some needs, like mortgage insurance, are easy to determine. For example, a $100,000 mortgage insurance would require $100,000 of decreasing coverage.
Some financial experts generally recommend some multiple of your salary, say 7 or 10 times. Again, consulting with an insurance professional is usually best.
How much life insurance do I need?
That is usually best determined by meeting with an insurance
professional. Some needs, like mortgage insurance, are easy to
determine. For example, a $100,000 mortgage insurance would
require $100,000 of decreasing coverage.
Some financial experts generally recommend some multiple of your salary,
say 7 or 10 times. Again, consulting with an insurance professional
is usually best.
Other Life Insurance FAQ’s
Who needs life insurance?
Practically everyone! If your death would create financial consequences, and it would, you need life insurance. Life insurance serves a wide range of needs, from paying for final expenses, providing income to surviving loved ones, and paying off mortgages, just to name a few.
What kind of life insurance do I need?
That depends on how much you need and how much of your disposable income can be channeled in that direction.
Term insurance is generally the least expensive, but has a limited benefit period, usually expressed as 5, 10, or 20 years. Many term plans are renewable and the price usually increases at renewal.
Whole life products generally provide coverage that lasts for the whole of life. Premiums are guaranteed for life and the cost is higher than term. Whole life builds a cash value, which may be an important advantage.
There are other forms of insurance and combinations of term and whole life that create a very nice “middle ground” approach to price and benefits.
ATLANTIC COAST LIFE INSURANCE COMPANY IS A MEMBER OF THE A-CAP FAMILY