American National offers 11 life insurance policies — including term, whole and universal options to suit your needs. Most policies have customizable features available, like a rider. If you’re considering purchasing a life insurance policy from American National, you should learn about the policies available, the pros and cons of the company and the overall rating.
Lindsey Crossmier Financial Writer Lindsey Crossmier is an accomplished writer with experience working for The Florida Review and Bookstar PR. As a financial writer, she covers Medicare, life insurance and dental insurance topics for RetireGuide. Research-based data drives her work. Read More
Lamia Chowdhury Financial Editor Lamia Chowdhury is a financial content editor for RetireGuide and has over three years of marketing experience in the finance industry. She has written copy for both digital and print pieces ranging from blogs, radio scripts and search ads to billboards, brochures, mailers and more. Read More
Eric Estevez Owner of HLC Insurance Broker, LLC Eric Estevez is a duly licensed independent insurance broker and a former financial institution auditor with more than a decade of professional experience. He has specialized in federal, state and local compliance for both large and small businesses. Read More
Fact CheckedA qualified expert reviewed the content on this page to ensure it is factually accurate, meets current industry standards and helps readers achieve a better understanding of retirement topics.
How to Cite RetireGuide.com's ArticleAPA Crossmier, L. (2023, January 10). American National. RetireGuide.com. Retrieved September 3, 2024, from https://www.retireguide.com/life-insurance/companies/american-national/
MLA Crossmier, Lindsey. "American National." RetireGuide.com, 10 Jan 2023, https://www.retireguide.com/life-insurance/companies/american-national/.
Chicago Crossmier, Lindsey. "American National." RetireGuide.com. Last modified January 10, 2023. https://www.retireguide.com/life-insurance/companies/american-national/.
American National was founded in 1905 and operates in all 50 states, currently providing life insurance policies for over five million individuals.
In the first quarter of 2022, American National had a net income of $108.8 million. As of March 2022, American National had $30.9 billion in assets.
In addition to life insurance, American National offers a wide range of financial products and policies, such as annuities, business insurance, health insurance, auto insurance and homeowners’ insurance.
American National is a well known insurance company. All of their ratings suggest they are a trustworthy company to buy life insurance from.
American National has steady financial ratings from several leading credit rating agencies. Fitch Ratings, S&P Global and AM Best all rated American National with a stable financial strength outlook. Having a high financial strength rating means the company is likely to meet its financial obligations and pay claims.
2022 American National Average Rating| Fitch Ratings | S&P Global | AM Best |
|---|---|---|
| A (Stable) | A (Stable) | A (Excellent) |
You may qualify for up to $2M in coverage with no medical exams required. Policies are issued by highly rated insurers, and, like us, they’re not going anywhere.
*We may be compensated if you click this ad.
American National has 11 life insurance policies available, ranging from term, whole and universal. Each policy has different features — such as customizable riders — and coverage limits.
When considering an American National life insurance policy, you should always determine how much coverage you need before browsing policies. Confirm if one of American National’s policies fits your financial needs.
American National’s Life Insurance PoliciesAmerican National offers two term life policies — Signature Term and 5-Year Renewable Convertible Term to Age 70. Both offer fixed premiums while the policy is active and can be converted into a permanent policy.
You can also customize your coverage with an accelerated death benefit rider. With this rider, you can access your death benefit while you’re still alive if you are diagnosed with a serious illness.
American National’s Term PoliciesAmerican National offers five whole life policies that all offer lifelong coverage with a fixed premium and death benefit. There is a cash value component with each policy, which accumulates tax-deferred over time. In specific instances, you can borrow against your cash value.
American National Whole Life PoliciesAmerican National offers one universal life insurance policy that provides lifelong coverage — the Executive Universal Life policy. This policy has a flexible death benefit and premiums, meaning, you can adjust the amounts in most circumstances. You can also typically adjust the frequency of your payments.
Similar to American National’s whole life policies, there is also a cash value component that grows tax deferred. You can access some of your policy’s cash value while still alive if needed.
American National’s Universal PolicyAmerican National offers two indexed universal life insurance policies — Signature Performance Indexed Universal Life and Signature Protection Indexed Universal Life. Both offer lifelong coverage with a flexible death benefit and premiums. There is also a cash value component that you can borrow from.
The difference between an indexed universal and standard universal policy is that there is a component that is tied to the stock market, providing more opportunity for building wealth.
American National’s Indexed Universal PoliciesAmerican National offers one guaranteed universal policy — the Signature Guaranteed Universal Life. This policy offers lifelong coverage with a flexible death benefit and premiums. You can also access your policy’s cash value in specific circumstances.
With American National’s guaranteed universal policy, you choose a guaranteed period from age 95 to 105. Your death benefit is guaranteed until the age you select, as long as you haven’t lapsed on your premiums.
American National’s Guaranteed Universal LifeAmerican National doesn’t list estimated life insurance costs on their website. There are claims that pricing is affordable, but no quotes to confirm or make comparisons to other insurers.
American National provides a product comparison chart where term policies are marked as being affordable; all other policy types are not marked as affordable. If you are looking into a permanent policy from American National, it will likely be costly compared to a term policy.
While there is a quote tool on the website, it does not include life insurance quotes, so you should contact an agent for further information on pricing and ensure their quotes are of similar pricing to other providers.
While American National does offer a wide range of life insurance policies, they don’t offer quotes online and you need to contact an agent for information. Their website can also be difficult to navigate, and information about policies isn’t easily accessible.
Pros and Cons