American National Life Insurance Review





Variety of coverage types to be had: Unlike other agencies that offer handiest time period or complete existence insurance regulations, American National sells many awesome styles of coverage merchandise, consisting of time period, whole, tremendous, indexed commonplace, and guaranteed difficulty entire existence insurance.

Several riders available: American National has a large range of riders to be had for buy, which include numerous extended dying benefit riders. These living benefits let you get right of entry to your death benefit before you skip away.

Dividend-paying entire lifestyles options: Some organizations pay a element of their profits, called dividends, to complete existence insurance policyholders. Though they aren’t assured, American National has a long information of paying dividends.

Well-priced time period policies: Compared to extraordinary insurance corporations we researched, American National had decrease than common pinnacle rate expenses for time period coverage.


Cons Explained

Online claims aren't available: Some insurance corporations assist you to document a existence insurance declare on line, but American National doesn’t. You’ll want to name an agent.
Limited coverage information is available online: American National publishes best fundamental facts about its guidelines on-line. It doesn’t offer any records about its insurance limits or maximum age limits. Moreover, the enterprise has few academic substances on line to assist inform its policyholders.
Higher-than-not unusual form of lawsuits: American National acquired greater lawsuits than have been expected for a organisation of its length over the last 3 years.


Complaint Index

American National obtained fairly extra courtroom cases than predicted for its existence insurance employer over the last 3 years. The National Association of Insurance Commissioners’ (NAIC) calculates a complaint index that measures how many complaints a organisation gets relative to its size. If a organisation receives extra court cases than expected, its criticism index is extra than 1.00. American National had a ratio of 1.24, averaged during the last three years, indicating that it received barely greater lawsuits than had been predicted.


Not all coverage products offered through American National have a high grievance score. As a business enterprise, its traditional complaint index averaged over three years is zero.Forty one. This shows that the company, as an entire, acquired fewer court cases than predicted.


Third-Party Ratings

AM Best, a corporation that charges insurers, has given American National a economic power rating of A u (Excellent). The A rating suggests that AM Best positioned this business organisation to have a strong financial role and the ability to pay their rules. However, the lowercase u following the A indicates that American National is presently below evaluation by the usage of AM Best. Typically this occurs because of a unexpected trade within the enterprise or its economic reputation.






It way that AM Best wishes to do extra research earlier than they cast off the “u”. At that factor, the A rating have to go up, stay the same, or move down.


Policies Available

American National has various existence coverage products to help you meet your desires.


Term Life Insurance

Term lifestyles insurance is a quick lifestyles insurance product. If a policyholder dies at some point of the time period of the policy, the beneficiary is guaranteed the stated dying advantage. American National gives terms up to 30 years. This kind of coverage doesn’t have a savings problem, in comparison to permanent existence coverage.


Whole Life Insurance

Whole existence coverage presents a everlasting demise benefit for the lifestyles of the policyholder, as long as fees are paid. This kind of existence insurance includes additives, the death gain and the cash fee, that may be a economic savings component.


Universal Life Insurance

Another form of everlasting life insurance supplied by means of the use of American National is traditional lifestyles (UL) coverage. Like entire existence, common rules have a dying benefit and a cash fee. However, popular rules are greater flexible. You can alternate your top class quantity if needed, even though doing so may additionally want to intend you want to increase quotes afterward.


Indexed Universal Life Insurance

Indexed UL regulations are a form of eternal lifestyles coverage that credit score your cash price based totally definitely at the performance of a inventory market index. If the index gains in fee, your coins value will broaden. If the index falls, however, your cash price will not lose price, due to the reality indexed suggestions aren't straight away invested inside the stock marketplace. Indexed suggestions are complex and riskier than everyday UL rules, however no longer as risky as variable lifestyles insurance.


Final Expense or Burial Insurance

Guaranteed problem complete lifestyles is a type of small lifestyles coverage insurance that gives you permanent insurance to cover your final costs. With American Life, you could pay greater to accumulate a cash accumulation. Note that these rules have a graded loss of life gain. If you die in the first  years from herbal causes, your beneficiaries will acquire one hundred ten% of the premiums you paid as opposed to the overall lack of life advantage. If you die in yr three or with the resource of an twist of fate at any time, your beneficiaries will get hold of the entire benefit.


Available Riders

Riders, or coverage endorsements, assist you to customise your lifestyles coverage coverage. The following riders are available thru American National.


Child Rider

A infant rider extends your lifestyles insurance policy for your youngsters until they reach a positive age. If they skip away before then, you’ll get a small death gain. Once your baby a while out of the rider, they generally have the option to convert it right into a permanent coverage.


Waiver of Premium

If you turn out to be permanently disabled or can not paintings because of a excessive harm or contamination, you can have trouble making your premium bills. If that happens, a waiver of top magnificence rider allow you to keep your life insurance. It exempts you from having to pay fees until you’ve recovered and capable of work again.


Guaranteed Cash-Out Rider

Sometimes your need for lifestyles coverage changes over time. If you get to the element in which you not need this coverage, American National’s confident cash-out rider permits you to surrender your insurance and get hold of the amount you paid in fees in coins.


Accelerated Death Benefit: Terminal Illness Rider

Accelerated loss of lifestyles advantages allow you to get entry to a portion of your dying benefit at the same time as you’re however alive in case you meet sure qualifying situations. For the terminal infection rider, the insured should have a circumstance that’s anticipated to result in their lack of lifestyles inside 24 months.