American National Insurance Company Introduces a new One-Year Indexed Strategy for ANICO Strategy Indexed Annuity PLUS
February 21 2017 - 11:20AM
American National Insurance Company (American
National) announces the addition of a new indexed strategy for
ANICO Strategy Indexed Annuity PLUS (ASIA PLUS), available
immediately. The One-Year Point to Point, 50% Participation
Strategy with a 0% Floor, along with other interest crediting
strategies, provides clients with the opportunity to earn interest
based on increases in an index without the risk of investing
directly in the market.
The Point to Point, 50% Participation strategy offers higher cap
rates than the 100% Participation strategy, giving clients the
potential to receive higher credited indexed interest while still
having the protection of a 0% floor.
All One-Year Strategies available on ASIA
PLUS:
- Point to Point, 50% Participation (NEW!)
- Point to Point, 100% Participation
- Performance with a Specified Rate
- Total Sum Performance with a Monthly Cap
- Declared Rate
American National believes consumers want the opportunity to
allocate their premium among different interest crediting
strategies without obtaining multiple contracts. That is why
there are multiple crediting strategies available. Regardless
of the strategy chosen, the premium is never placed directly in the
stock market or an indexed fund and is guaranteed to never be
charged negative interest, reducing the risk to the client.
ASIA PLUS bases the amount of interest credited to indexed
strategies based on the change in the S&P 500® Index.
ASIA PLUS is an accumulation vehicle that offers tax deferred
growth that can provide supplemental retirement income that can
help a family maintain their standard of living and provide for the
retirement needs of the owner and spouse.
The optional Lifetime Income Rider gives the client the option
to receive a stream of income that is guaranteed for life, even if
the annuity value drops to zero. When a client elects the
Lifetime Income Rider, they can choose between two interest
crediting options.
David A. Behrens, Executive Vice President of American National
Insurance Company stated, “American National’s ASIA PLUS annuity
provides several one year strategies based upon the change in the
S&P 500® Index that allows additional ways to build value on a
tax-deferred basis while also providing the owner the option to
select a Lifetime Income Rider that can provide an income stream
that is guaranteed for life.”
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 October 20, 2016.
A.M.
Best1 |
A |
Standard &
Poor’s2 |
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 Internet site 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).2Ratings 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 the company’s web site at
www.americannational.com.
Contact our Field Support Center at 888-501-4043
IMG18828
There is not one particular interest crediting strategy that
will deliver the most interest under all economic conditions. The
interest credited excludes any dividends generated by the specific
stocks in the S&P 500® Index because your premium payments are
not invested in the S&P® 500 Index. The indexed strategies
provide the opportunity for potential increase in the interest
earnings that may be greater than those in the Declared Rate
Strategy. American National and its agents do not make any
recommendations regarding the selection of indexed strategies.
American National and its agents do not guarantee the performance
of any indexed strategies. The Declared Rate Strategy earns
interest at an interest rate we declare at the beginning of each
Contract Year and is guaranteed for one year. When a person buys
this annuity the person is not buying an ownership interest in any
stock or index. Indexed strategies earn interest related to the
performance of an Index. Whether an indexed strategy earns interest
or not and how much interest is earned is dependent on a number of
factors: index performance, participation rate, cap and segment
term. The performance of the index cannot be predicted over any
given period of time. Past history of the Index is no guarantee of
future performance. There is not one particular interest crediting
strategy that will deliver the most interest under all economic
conditions. All Segment Terms are not available in all states.
Availability of strategies and Segment Terms are subject to change
monthly.
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.
Guarantees are based on the claims paying ability of American
National Insurance Company.
Form Series IA13; LIR14; SRS13; 1YRTS13; PTP13 (Forms may vary
by state)
Contact: Independent Marketing Field Support Center: 888.501.4043
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