American National comprises a group of insurance and financial companies that offer a broad range of insurance products and services. It’s parent company, American National Insurance Company, was initially founded in 1905, and today it operates in all 50 of the U.S. states. American National is headquartered in Galveston, Texas.
As of year-end 2018, American National held more than $20 billion of assets. Due in large part to its strong financial footing and its good claims paying reputation, American National has earned high ratings from the insurer rating agencies, including a(n):
- A from A.M. Best
- A from S&P
This insurance conglomerate offers a number of wealth enhancing and protection tools, including:
- Life Insurance
- Health Insurance
- Business Insurance
- Auto Insurance (including Classic Car coverage)
- Homeowners Insurance
- Renters Insurance
- Recreational Insurance
- Agribusiness Insurance
- Mortgage Loans
The annuities that are offered by American National can suit a variety of different short- and long-term needs and situations. For instance, the fixed deferred annuity can replace market uncertainty with the predictability of guaranteed interest rates and a set amount of income for the remainder of your lifetime.
These annuities also allow for tax-deferred growth, and you can access your money at any time based on several options for partial withdrawals or conversions to income payments. And, using the optional benefit rider, you can be guaranteed that you will never outlive your income, regardless of how long you may need it. (Depending on the situation, some or all of this income could be taxed).
American National also offers an index deferred annuity. Here, you can keep your principal protected while at the same time have the opportunity to receive returns that are based on an underlying market index. Going this route, you can essentially lower your risk and increase your potential reward – all in one financial vehicle.
With the single premium immediate annuity, or SPIA, from American National, you can roll over funds from an employer-sponsored 401(k) or other retirement plan and convert your savings into an income stream that can start right away. This annuity allows you to structure your income payments by choosing the amount you want to receive and for how long.
Is an Annuity from American National Right for You?
There are literally thousands of annuities to choose from in the marketplace. So, is an annuity product from American National Insurance Company right for you? The answer to that is, it depends.
In fact, there are a number of factors that should be taken into consideration when choosing what type of annuity is best for you – or even IF an annuity will help you to achieve your financial goals.
Having an annuity expert on your side can be a big advantage in helping you narrow down your options. At Annuity Gator, we make shopping for annuities easy. That’s because we’ve reviewed annuities of all types – and from multiple insurance companies – and placed our findings in our extensive annuity review database.
While annuities can entail a plethora of “fine print,” we’ll help you to better understand what it all means, and in turn, how you can expect an annuity to perform for you if you should decide to move forward with it.
Still have questions about the annuities that are offered through American National Life Insurance Company?
If so, feel free to reach out to us by phone, toll-free, at (888) 440-2468, or to contact us via our secure online contact form and set up a time to speak with an annuity expert.
The Annuity Gator
P.S If you would like to read more of our American National annuity reviews here are some links to check out:
- Independent Review of the American National Palladium MYG 6 Annuity
- Independent Review of the American National Strategy Index Annuity Plus 10
- Independent Review of the American National WealthQuest Citadel 7 Diamond Fixed Annuity
- Independent Review of the American National Palladium MYG 7 Annuity
- Independent Review of the American National Palladium Century 1 Annuity
- Independent Review of the American National Strategy Indexed Annuity Plus 7
- Independent Review of the American National WealthQuest Citadel Five Diamond Series Fixed Annuity