American National Life Insurance (ANICO): Review 2019

Written by Rob Pinner

American National (ANICO) Review

With the explosion of the internet also came recognition for life insurance companies that most people have never heard of. Easier to advertise and get their name out there with social media and email marketing campaigns.

Well one company that has been around a long time and starting to get some exposure is American National Life Insurance Company (also called ANICO). Anico is a top rated no medical exam life insurance company. We currently have them on our top life insurance carriers to use list.

American National Life Insurance is a great company and we plan on telling you all about it.

ANICO’s dedication and innovation makes them one of the most widely used companies among us and agents across the country.

American National Life Insurance ranks as one of the most affordable term life insurance companies around. Their life insurance rates are consistently in the top 10 among “A” rated insurance carriers when it comes to price.

We will focus on ANICO’s life insurance products and what niches best fit with the company’s underwriting guidelines.

anico-american-national-life-insuranceA Brief History of American National Life Insurance

In 1905, W.L. Moody Jr. along with 10 employees founded ANICO and ANICO of New York. With a starting capital of $100,000, ANICO has grown substantially, with over $100 billion of in-force life insurance.

Forbes named ANICO a “Most Trustworthy Financial Companies” in 2017. This accolade is based on a company’s accounting and governance practice.

The Ratings for American National

In order to be named a “Most Trustworthy Financial Company”, you better have great ratings. American National Life Insurance has a “A” rating with A.M. Best and Standard and Poor.

An “A” rating means that ANICO is in excellent financial shape, which means that their ability to pay claims is strong. This should give all ANICO policyholders peace of mind.

Their Products

With a wide range of products, ANICO can meet almost all insurance needs.

Life Insurance Products


  • Fixed Annuities
  • Indexed Annuities
  • Variable Annuities
  • SPIA (Single Premium Immediate Annuity)

Health Products

  • Medicare Supplement Insurance
  • Supplemental Health Insurance
  • Credit Disability Insurance
  • Employer Stop Loss Insurance

P&C Products (Property and Casualty)

  • Personal Insurance
  • Business Insurance
  • Agribusiness Insurance

Once again, we will only be reviewing ANICO’s life insurance products.

Life Products Offered

American National Signature Term:

American National Life Insurance has an innovative term life insurance product that comes with the accelerated benefit rider (also known as living benefits rider) attached at no extra cost.

These policies can be no-medical exam or fully underwritten depending on the amount of death protection needed.

American National Life Insurance term periods are available in 10, 15, 20, and 30 years.

ANICO’s Signature Term is competitive compared to other top insurance carriers such as Protective and American General.

All Signature Term policies are convertible to any permanent life policy that ANICO currently offers without any health questions asked. You are allowed to convert anytime during the term period up to your 65th birthday.

ANICO Signature Term is great product used in place of mortgage protection insurance sold through a bank.

Riders Available for Signature Term Life Insurance:

  • Accelerated Benefit rider comes free of charge with all policies.
  • Children’s Term Rider-Insure your child or adopted child until age 25.
  • Waiver of Premium- Company pays premium in the event the insured becomes disabled

ANICO Signature Whole Life

Signature whole life is a participating whole life policy offered by ANICO.

This type of policy comes with:

  • Guaranteed Premiums
  • Guaranteed Death Benefit
  • Guaranteed Cash Value and Dividends

The Signature Whole Life also includes the accelerated benefit rider at no cost and you can add these riders also:

  • Guaranteed Insurance Option Rider: This allows the insured to purchase additional life insurance with no health questions asked. You have until age 40 to take advantage of this option.
  • Children’s Term Rider
  • Signature Term Rider-Allows you to add a spouse as a term rider to your policy for 10-30 years.
  • Waiver of Premium due to disability
  • Paid Up Additions-Rider Allows you to purchase paid up life insurance either by a one-time payment or at the time of application payments are scheduled for a specific duration.

ANICO Executive Universal Life Insurance

The Executive Universal life product is a traditional universal life policy that comes with cash value accumulation along with a flexible premium and flexible death benefit.

The premium is not guaranteed and could increase in the future if the cash value doesn’t accumulate as planned.  With that said if the cash value does perform then future premiums could decrease.

Riders offered:

  • Accelerated Benefit Rider
  • ANICO Signature Term Rider
  • Waiver of Premium
  • Children’s Term Rider
  • Guaranteed Increase Option Rider
  • Safety Net Guarantee- Guarantees that your policy won’t lapse as long as you meet or exceed the safety net guarantee premium requirement.

ANICO Signature Plus Indexed Universal Life (IUL)

This policy is very similar to Executive universal life except of how interest is credited to the cash value accumulated.  The Signature Plus IUL uses both fixed and indexed crediting options.

Premiums can be invested in a fixed account or these index crediting options:

  • Point to Point with Cap- Interest rate earned is based on change in the S&P 500 with a floor cap of 0%
  • Point to Point with Higher Cap-Interest based on change in S&P 500 with a floor cap of 1%
  • Point to Point with Specified Rate
  • Point to Point with Spread

Optional Riders

  • Accelerated Benefits Rider
  • Interest Rate Enhancement Rider
  • American National Signature Term Rider
  • Waiver of Premium
  • Children’s Term Rider
  • Guaranteed Increase Option Rider

ANICO Signature Guaranteed Universal Life (GUL)

The Signature GUL is ANICO’s most popular universal life policy because:

  • Guaranteed Premium to age 120
  • Guaranteed Death Benefit
  • Accelerated Benefits Rider
  • Guaranteed Cash-Out Rider

The guaranteed cash out rider allows you surrender your policy in return you receive a part or all of the premiums you have paid in. You are allowed the option to cash out in the 15th, 20th, and 25th years of your purchase date. This rider is also FREE!

Other riders offered are:

  • Waiver of Premium
  • Children’s Term Rider

Innovative Underwriting

American National life insurance has one of the best accelerated underwriting process’ in the insurance industry.

An automated underwriting process called, Xpress Plus, offers life insurance cases of up to $1 million dollars without requiring an exam if you qualify.

Ages 0-50 can apply for up to $1 million dollars of coverage and clients ages 51-60 can apply up to $500,000. You can avoid doing a medical exam if your health is good.

All face amounts under $250,000, except for Signature Whole life, are no medical life insurance policies with American National.

What are Their Niches?

  • Clients age 61 and above are allowed to have a higher body mass index, cholesterol ratios, and blood pressure readings than most other insurance carriers.
  • Sleep apnea that has a history of being well controlled, may qualify for a preferred rating.
  • Certain anxiety and depression may qualify for preferred rates.
  • Diabetes, with a well controlled history may qualify for a standard plus rating.

Our Thoughts

If you couldn’t tell we think that American National Life Insurance is great company to trust with your life insurance needs.  They have a strong financial foundation, which means claims will get paid.

They offer a wide variety of products from term to permanent products to meet just about everyone’s needs. Each of their products comes with the accelerated benefit rider which is a huge plus for our financial objectives.

Overall American National is great company, but we always recommend working with an experienced agent who can help guide you through the process and help steer you to what best fits you and your family. If you have any questions or comments please don’t hesitate to give us a call.

Rob Pinner
Rob Pinner

My name is Rob Pinner and I own EasyQuotes4You. At EasyQuotes4You we aim to make your life insurance buying process a smooth and stress free transaction.  We are independent life insurance agents servicing all 50 states. I have over 15 years of experience and have focused solely on life insurance for the past 5 years. If you have any questions or comments please don’t hesitate to give us a call.

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