GALVESTON, Texas, Jan. 04, 2016 (GLOBE NEWSWIRE) -- American National Insurance Company (American National) announces a new product, Signature Plus Indexed Universal Life Insurance (IUL), available January 1, 2016. This innovative life insurance product offers death benefit protection, four indexed crediting strategies and a fixed account as well as an interest rate enhancement.
Signature Plus IUL can provide the opportunity to earn interest based upon the performance of the S&P 500 ® Index without the client being directly invested in the Index. Therefore, the accumulation value will never decrease based on the fluctuations of the S&P 500 ® Index as all four of the indexed interest crediting strategies have a built-in floor. One of the Indexed Strategies currently has a declared floor of 1.5% so that strategy can earn interest even in the event of a decrease in the index.* Another indexed crediting strategy provides an uncapped strategy with an interest rate spread for greater crediting potential in rising markets.
Signature Plus IUL may enhance returns for loyal customers beginning in the 11 th year. An interest rate enhancement up to 1% may begin in year 11 and could continue for the life of the policy. This may increase the rate credited to the sweep account, fixed account and maturing indexed interest crediting strategies by 1% which may lead to growth of long term accumulation values. Signature Plus IUL can provide clients the life insurance protection their families need with the opportunity to increase accumulation value for future emergencies, college education or supplemental retirement income. It also offers accelerated benefits for critical, chronic and terminal illness. The Signature Plus IUL has multiple uses while providing family protection.
David A. Behrens, Executive Vice President of American National said, “American National’s new Signature Plus IUL builds upon the tested concepts of our previous indexed products to create a competitive second generation IUL with more options for clients with the addition of the uncapped strategy and the year 11 interest rate enhancement. Signature Plus IUL allows a client to have control over the placement of their premium in the various indexed strategies or a fixed account while protecting their family’s future.”
About the Company
American National Insurance Company (American National), headquartered in Galveston, Texas, was founded in 1905 and is licensed to conduct the business of insurance in all states except New York. American National offers a broad line of products and services, which include life insurance, annuities, health insurance, credit insurance and pension products.
Financial Strength Ratings
American National Insurance Company (“American National”) has been evaluated and assigned the following ratings by nationally recognized, independent rating agencies. The ratings are current as of September 2015.
| A.M. Best 1 | A | |||
| Standard & Poor’s 2 | A |
Ratings reflect current independent opinions of the financial capacity of an insurance organization to meet the obligations of its insurance policies and contracts in accordance with their terms. They are based on comprehensive quantitative and qualitative evaluations of the company and its management strategy. The rating agencies do not provide ratings as a recommendation to purchase insurance or annuities. The ratings are not a warranty of an insurer's current or future ability to meet its contractual obligations.
Ratings may be changed, suspended, or withdrawn at any time. For the most current ratings view the full rating reports on American National’s website at www.americannational.com .
1 A.M. Best’s active company rating scale is: A++ (Superior), A+ (Superior), A (Excellent), A- (Excellent), B++ (Good), B+ (Good), B (Fair), B- (Fair), C++ (Marginal), C+ (Marginal), C (Weak), C- (Weak) and D (Poor).
2 Ratings from ‘AA’ to ‘CCC’ may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.
For more information, including company news and investor relations information, visit American National’s website at www.americannational.com .
Contact our Field Support Center at 888-501-4043
The Signature Plus Indexed Universal Life Insurance policy is not a registered security or stock market investment and does not directly participate in any stock or equity investment or index. When an individual purchases the policy, the individual is not buying an ownership interest in any stock or index. Past history of the index is no guarantee of future performance.
American National Insurance Company and its agents do not make any recommendations regarding the selection of indexed strategies. American National Insurance Company and its agents do not guarantee the performance of any indexed strategies. There is not one particular interest crediting strategy that will deliver the most interest under all economic conditions.
*The accumulation value may decrease due to the monthly deduction regardless of the interest rate credited for any particular strategy.
The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by American National Insurance Company. S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by American National Insurance Company. American National Insurance Company's products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.
Form Series: IUL14; ULPTP14; IRER15; ULSR14; ULNC14; ABR14-TM; ABR14-CH; ABR14-CT (Forms may vary State)
IMG15906
Angie Hitchman PH: 888.501.4043
