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American National Insurance Review 2017 [Amazing Products and Rates]

2016 American National Life Insurance Reviews

If you are looking for American National Insurance Company Reviews, you are in the right place! American National, also known as ANICO Direct, is a top rated no medical exam life insurance company and currently in both our best rated life insurance companies , our best no medical exam life insurance companies and even our best final expense companies list. There is no denying, ANICO is an awesome life insurance company. Give us a call today to see if ANICO is the right company for you.

Review of American National Insurance Company (ANICO)

ANICO is one of our primary choices because of the company’s dedication to innovation. In addition, American National also ranks as one of the most affordable life insurance companies, consistently ranking in the top ten for various life insurance rates by age, face amount, and term brackets. The following article focuses on the pros and cons of American National Insurance Company’s life insurance products.

American National Insurance Company Review 2017

American National Insurance Company’s Ratings

Any good review of American National Insurance Company (ANICO) will need to address the company’s strong ratings. Both A.M. Best and Standard and Poor’s rates American National an “A” rating.

A.M. Best’s ratings are given after thorough analysis into American National’s profitability, leverage and liquidity. An “A” rating from A.M. Best means that Best considers American National to be in excellent condition financially. This is great news for anyone who is insured by American National as it reflects the company’s ability to pay a claim as soon as possible.

Standard and Poor’s also offers an “A” rating to American National, adding further credence to its excellent rating from A.M. Best, the premier rating agency for life insurance companies.

Life Insurance Products Offered by American National Insurance Company

ANICO Signature Term

(fully underwritten 10, 15, 20, 30 year terms)

ANICO’s fully underwritten term life insurance product is popping up more and more for the most competitive price, especially for longer terms such as 30 years. Although the Company is best known for its no medical exam policies discussed below, ANICO is making waves in the fully underwritten world as well. Don’t you just love the free market system?

For example, a 45 year old male in perfect health would pay just $85.97 a month for a $500,000 30 year term with ANICO. That is priced ahead of other great companies, such as Protective and American General.

Eagle Advantage

American National’s Eagle Advantage is a program offered by ANICO that helps identify cases that deserve rate class improvement. A client that would typically qualify for a lower rate due to an existing condition due to health or lifestyle may  receive an improved health rate class (and lower premium).

Freedom Term Life Insurance
  • This is a no medical exam term life insurance policy
    • Available for face amounts up to $250,000.
  • No exam term life insurance for 10, 20 or 30 years.
  • Approval in less than 15 minutes.
  • Great option for fast life insurance for divorce and to cover SBA loans.

Business Loan Requirements

  • Typically cover face amounts up to 75% of the loan.
  • Terms of loan typically must be 5 years or more.
  • Proposed Insured must be a key person
 ValueGuard Whole Life Insurance
  • This is a no medical exam whole life insurance policy.
  • Face amounts up to $150,000.
  • Approval in less than 15 minutes.
Legacy Whole Life Insurance
  • No exam and no health questions guaranteed issue whole life insurance.
  • Coverage available up to $25,000.
  • Available for ages 50-80.
  • 2 year Graded Death Benefit (If you die in the first 2 years policy returns 110% of premium paid).
  • You can have coverage in as quickly as 5 minutes.
  • Fixed premiums and fixed death benefit.
  • Excellent for burial or final expenses.

ANICO Signature Term

  • Level premium term for 10, 15, 20 and 30 years.
  • No blood work, labs, or exams

ANICO Signature Plus Indexed Universal Life Insurance

Consider permanent life insurance for business succession such as buy sell agreements and estate planning such as life insurance trusts.

Buy Sell Life Insurance Requirements

  • For amounts over $1,000,000, an Inspection Report with a Business Beneficiary Report
  • For amounts over $3,000,000, an Inspection Report with a Business Beneficiary Report and business financial statements from the last 2 years.
  • Completion of ANICO’s Business Financial Questionnaire should be completed.

Key Man Life Insurance Requirements

  • ANICO allows up to 10X annual income to determine face amount.
  • For amounts over $1,000,000, an Inspection Report with a Business Beneficiary Report should be included.
  • For Amounts over $3,000,000, an Inspection Report with a Business Beneficiary Report
    and business financial statements from the last 2 years should be included.
  • Completion of ANICO’s Business Financial Questionnaire should be completed.

Sample American National Life Insurance Quotes

Monthly Signature term and Valueguard whole life insurance rates for a 40 year old male at a preferred plus rate as of December 2015. Rates subject to change and must be qualified for.

Face Amount10 Year20 Year30 YearWhole Life
$50,000$17$19$27$94
$100,000$27$32$47$185
$250,000$57$69$107n/a

For more American National Life Insurance rates, as well as dozens of other carriers, please enter your info below.

Pros

No American National Life Insurance reviews article would be complete without a pros and cons section. Like we mentioned above, American National is one of the best no medical exam life insurance companies available. With no medical exam term, whole, and guaranteed issue life insurance, ANICO makes getting life insurance fast—easy. In fact, that is probably the main point of this American National Life Insurance review—ANICO delivers the goods on no medical exam life insurance.

With a no medical exam term policy for up to $250,000 and a no medical exam whole life policy for up to $150,000, ANICO Direct offers clients an excellent alternative to a more traditional medical exam term or whole life policy.

Another ANICO insurance review pro would be the Company’s aggressive move to be the low price leader in certain key term lengths and face amounts. In 2016, American National not only offers competitive rates on no exam life insurance but also on fully underwritten policies as well. Therefore, don’t be surprised if we recommend this Company to you for exam and no exam coverage.

Great add on life insurance riders

Terminal Illness Rider: If the insured is diagnosed as terminally ill with less than 12 months to live, up to 50% of the death benefit or up to $250,000 will be available to the policy owner.

Chronic Illness Rider: provides an accelerated benefit payout if the insured is unable to perform two out of six activities of daily living (bathing, continence, dressing, eating, toileting, or transferring) or is cognitively impaired.

Other riders, such as a Child Rider and Waiver of Premium, are also available. For a complete list of riders please contact your TermLife2Go agent.

Cons

We love this Company and do not have any specifics cons for it. However, as with any company, its very unlikely that American National will be able to meet the need of every imaginable client. When you apply for life insurance with American National Insurance Company, you are choosing to go with one company. If you make the decision to buy life insurance through ANICO Direct, then you have just limited yourself to one, and only one company. Where this could be an issue is for certain health or lifestyle issues, such a those looking for no exam life insurance with diabetes. ANICO may not be the best choice for these clients.

Another thing clients should consider is that with a no medical exam life insurance policy, the premiums are always going to be higher than a life insurance policy with a medical exam. Therefore, if you are looking for the lowest premium for your life insurance, a no medical exam policy is not the best route to take. Instead, assuming nothing pops up on the medical exam, taking the exam will provide you with a lower premium on your life insurance policy. For more on this, please see our article Life insurance: Exam v. No Exam.

Recommendation

We at TermLife2Go have a recommendation for anyone considering a life insurance policy from American National Insurance Company (ANICO). Give us a call and let us see if ANICO Life Insurance is the best company with the best price for your life insurance needs. If they happen to be the best offer, we will let you know. However, with dozens of top rated life insurance companies to choose from, you might save thousands of dollars going with another life insurance provider.

About TermLife2Go

We do not favor one life insurance company over another. Instead, we find out what you need and then we recommend the lowest priced, best life insurance company to meet your specific need. Therefore, if price matters to you, give us a chance to earn your business. We are here to serve you!

For a free life insurance consultation and for free quotes from American National Insurance Company and dozens of other top rated life insurance companies, please call us today.

Thank you for reading our article, American National Life Insurance Company Review. If you have any questions please leave a comment below.

14 comments… add one
  • Timothy Howden

    Have not received a statement from you in about 9 years, what is the status of my policy.
    Policy number is U0166451.

    • Timothy,

      TermLife2Go is an insurance brokerage that helps people find life insurance coverage. If you’re looking for specific information from an American National Insurance policy, we would recommend that you give American National Insurance company directly.

      American National Insurance companies contact number is 800-899-8606.

      Thanks,

      TermLife2Go.

  • Luz

    I’m looking for a life insurance no exam for 80 years old mom. Face amount between $15 k to 20k

    • Luz,

      Go ahead and give our office a call,and we’ll see if we have something that will meet your needs.

      Thanks,

      TermLife2Go.

  • tony

    could I get coverage through American national life insurance if I have a felony from 4.5 years ago?

    • Tony,
      There are a lot of factors that will need to be considered before we here at TermLife2Go could give you an honest answer to your question. Factors such as:

      – The type of felony that we are talking about?
      – Did you serve time?
      – Are you currently on probation?
      – Was this your only felony?
      – Etc, etc…

      For this reason, we would strongly encourage you to simply give s a call, so that we could have a licensed agent in your state determine your eligibility.

      Thanks,

      TermLife2Go

  • Gapeach

    I was denied life insurance by ANICO in March 2015 because I was about 10lbs over weight for their height and weight requirement. Since that time, I’ve lost 13lbs. Is it worth it to try to apply again? If so, when can I (i.e 6months, 1 yr after first applying???)….. I’m asking because I’m figuring they’ll just deny me again since I wasn’t accepted the first time and I don’t want to ruin my chances with another insurance company if I get rejected again by ANICO. Please advise….

    • Gapeach,

      It may be worth trying to apply for life insurance again with ANICO, but we would recommend speaking with one of our licensed agents first.
      We recommend this simply because some life insurance companies will look at any weight loss beyond 10 lbs as a “temporary” condition and only consider 5 of those lost lbs as something that you will maintain LONG TERM.
      So rather than simply take another chance with ANICO, it may be better to select another life insurance carrier that is LESS RESTRICTIVE regarding weight. That being said, if ANICO is still the right choice for you, we can also definitely help you out there as well.
      Thanks,
      TermLife2Go.

  • debbie

    Does American national pay out on term if you die within 3 years of initiating policy?

    • Debbie,
      To be able to answer your question we would need to know some additional information such as:

      – Have you already purchased your life insurance policy? (If so contacting, American National Life Insurance Company directly would be the best way to determine if your policy has what is called a “Graded death benefit”).
      – Or, are you just beginning the process of looking for life insurance?

      American National Life Insurance Company has several different types of life insurance policies. For example, they have their Freedom Term, their ValueGuard Whole Life, and their Legacy Whole Life. Each of which will have their own unique set of features including what is called a “ 2 year graded death benefit” for their Legacy Whole Life product (if you die in the first 2 years, the policy returns 110% of the premiums paid).

      Our suggest to you is to give us a call after the holiday weekend so that we may have a licensed agent in your state provide you with all the information that you will need to make the right decision for you and your family.

      Thanks,

      TermLife2Go.

    • Genny

      Yes they do. Unfortunately my uncle died 2yrs and 11.5 month into the policy and ANICO paid out as promised. We didn’t have any issues with them whatsoever. Although I’m in pretty good health and could easily get approved for a policy with a medical exam, I’m seriously thinking about taking out a policy with ANICO because I know they will payout to my family (without issues) when I die. The only thing I didn’t like is that no one at ANICO told us (until after the fact) that we could have paid to have the check expedited which after waiting months for the death certificate would have been a big help.

  • Christopher Ferdinand

    Can someone send me info and an application. My address is 57 wade street jersey city NJ 07305. Thank you in advance.

  • DAVONNE r HALLS

    Change banks need information to give to my bank to keep drafting from my account

    • Davonne,

      We’re happy to hear that you’ve been approved for a life insurance policy with American National Life Insurance Company and we’re sure that you’ll be completely satisfied with the decision that you’ve made. That being said, it does not appear as though you applied for life insurance with American National through TermLife2Go which is why we’re not able to see what exactly is going on with your policy.

      This shouldn’t be an issue for you since, once a life insurance policy is put into place all payments will generally go directly to the insurance carrier themselves which in this case is why you should contact American National life insurance directly at:

      Toll-free:1-800-899-6806

      You may also give us a call should you have any questions regarding your policy or would like to “double check” to make sure that you are getting the best value for your dollar. American National Life Insurance Company is a truly a great insurance company however there are times when they’re aren’t always the best option available. Either way we wish you the best of luck!

      TermLife2Go.

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