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American National Life Insurance [ANICO] Review

American National Review

We’re pleased to provide this review of American National Insurance, especially for those who are seeking a no-medical exam life insurance policy. American National Insurance is one of our top choices for the best no-exam life insurance companies, thanks to their innovative simplified issue life insurance approach.

If you’re in need of life insurance, American National is an excellent option. In this review, we’ll provide some basic information about the company and explain why American National should be at the top of your shopping list when you’re searching for the best life insurance companies in the marketplace.

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About American National

After being founded in 1905, American National Insurance entered an industry already filled with well-established life insurance companies. However, they managed to establish their first operation in Texas and join the competition as the importance of life insurance was beginning to gain recognition.

Despite its humble beginnings, American National Insurance has grown into a brand with assets exceeding $23 billion and equity of over $4 billion. They operate across the United States, including Puerto Rico, where they have also achieved success.

While the perceived importance of life insurance has fluctuated over the years, American National has remained steadfast in its commitment to providing reliable coverage. They have weathered the industry’s changes, including wars and financial crises, and maintained their strong market position.

In addition to offering competitive life insurance policies, American National has expanded into other insurance markets, such as annuities, casualty insurance, health insurance, and property insurance. Their diverse range of offerings and strong financial standing make them a solid option for anyone seeking reliable insurance coverage.

American National Insurance Company Ratings

There are various organizations that rate financial institutions. Among the different institutions that receive financial ratings are life insurance companies. These ratings help consumers to decide if it is a good idea to use the company for investment matters such as buying a life insurance policy.

Here are American National Insurance Company’s ratings as of April 2020:

  • A.M. Best: A
  • Standard & Poor’s: A
  • Comdex ranking: 79

Both of these ratings for American National Insurance Company are great and should help consumers to feel confident about buying a life insurance policy from ANICO.

American National Insurance Company’s Life Insurance Products

ANICO offers a range of life insurance products in both simplified issue and fully underwritten including: term life insurance, whole life insurance and universal life insurance.

American National offers Underwriting Express, which provides a noninvasive underwriting program including:

  • No automatic labs or paramedicals
  • 72 hour underwriting approval on cases submitted in good order with no additional requirements needed
  • What is needed?
  • Application, MIB, MVR, and Prescription Database check
  • Issue ages up to 65
  • Face amounts up to $250,000

The following products are available under ANICO’s Underwriting Express:

  • Signature Guaranteed Universal Life
  • Signature Indexed Universal Life
  • Signature Plus Indexed Universal Life
  • ANICO Executive Universal Life
  • Affinity 7 Whole Life
  • ANICO Signature Term

ANICO Signature Term

This is one of ANICO’s most popular term life insurance policies. The Signature Term policy is available for ages 18-65. Depending on your age, Signature Term is available as annual renewable term (ART) and  10, 15, 20 and 30 year policies. The reason people love it so much is because they offer great rates for policies with large death benefits. Their prices are often better than a lot of other top life insurance companies.

Signature Term offers various life insurance riders, including a conversion option. The conversion option can be exercised if the insured desires to convert all or a portion of the policy to permanent life insurance.

Eagle Advantage

This is a fully underwritten program that allows ANICO to offer better rates to people who might otherwise qualify for higher premiums due to health or lifestyle issues. But with Eagle Advantage, ANICO sees each customer as an individual, and assesses accordingly, often resulting in lower premiums.

If you prefer to get the best term life insurance rates from ANICO possible, Eagle Advantage might be the best choice.

Universal Life

As the first form of permanent insurance here today, this universal life policy offers flexible premiums, access to loans, flexible benefits, and more.

As long as you can maintain a minimum payment to keep the policy open, any additional payments will contribute to your cash value and improve the strength of your policy.

If you want to add riders, you also have ample opportunity to do so with Children’s Level Term, Disability Waivers of Minimum Premium, Accelerated Benefits, Coverage Continuation, and more.

Indexed Universal Life

Essentially, this is the same policy offering many of the same features seen previously. However, there is one key difference in that your policy has a chance to earn even more cash value from choosing index crediting as opposed to fixed crediting.

Rather than directly investing your hard-earned money into the stock market, such as with a VUL below, you can go for a more secure and less risky option with this policy. You will earn cash value accumulation growth as the index fluctuates. However, the upside and downside is capped.

Typically the upside growth is capped at 10-13% with the floor capped at 0-1%. The advantage is you will not lose in negative market years, the downside is you will be capped in high market return years.

As with the base universal life policy, the values you see will be sensitive to interest rates and the crediting rates will be set by the insurer themselves. Before you make any big decisions, make sure you understand both this and the index investment and you can really take advantage of the policy.

Variable Universal Life

As the third universal life insurance (VUL) policy from American National, it is similar to what we have seen but with VUL you will bear the risk of the investment because the money goes into separate accounts and investment options. When the policy is first set up, you will be given options and you need to choose the best one for your financial future. Of course, this will depend on your needs and it will also include the chance of seeing negative rates of return so this is something important to remember. In terms of riders, these are the same for all three universal policies.

Credit Life

The idea behind this policy is to pay off any credit obligations you may have after passing away. After the insurance is in place, you know that loved ones won’t have to find the money to pay your loans because the money will be sent to the lender automatically. As well as the costs being included in the monthly loan payment, the coverage starts straight away, and you can choose a coverage amount depending on your debts.

Final thoughts…

We think that ANICO is a stellar company and they have the track record to prove it. Most people who get life insurance through ANICO are very satisfied and would probably recommend it to others. All in all, we can say that you probably won’t be disappointed if you go with ANICO.

But, since the question here is whether or not ANICO is right for you, well, that’s a different thing. ANICO very well may be right for you – but without knowing you, how can we say for sure? The key point here is “you”. To answer this question, we need to know more about you:

  • Life insurance objectives
  • Budget
  • Basic health and lifestyle

Once we know this information, we can help you narrow in on not only the right life insurance company, but also the right life insurance policy. Perhaps you think you can only qualify for a no medical exam life insurance policy, but really you can get a great deal on regular term life insurance. We will help you find the best life insurance company and policy for your circumstance.

At Insurance Brokers USA, we are a life insurance broker. We have experience working with dozens of the best life insurance companies in the United States. We understand their strengths and weaknesses, and all of the products they sell. Once we know more about you, we can pair you with the right one. And there’s more: we don’t work for any of these life insurance companies, so we’re never going to push a policy that we don’t wholeheartedly believe is the best for you.

Want a free life insurance consultation to see if ANICO is the right company for you? Call us today!

4 comments… add one
  • Marcus D M August 8, 2020, 1:01 am

    I want to start a policy for my spouse who has started dialysis for her kidneys

    • IBUSA August 8, 2020, 8:39 am


      We’ll have one of our agents reach out to you so that they may discuss what opportunities might be available to you and your wife.



  • Nemina W September 13, 2021, 4:48 pm

    I want to buy final expenses policy for my sister is that possible. Thanks

    • IBUSA September 13, 2021, 5:21 pm


      We will have an agent reach out to you to discuss what options may be available to you.



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