American National introduces two new products for New York: Century Plus Annuity and Limited Pay Whole Life
November 02 2018 - 11:11AM
Effective immediately, American National announces the addition of
a new tax-deferred fixed annuity and a limited premium whole life
product, Limited Pay Whole Life Insurance.
Century Plus Annuity
This single premium, fixed, deferred annuity may be the right
choice for someone who is a conservative investor who wants to
protect their principal while safely growing their money at a fixed
rate. Regardless of market conditions, the original premium will
remain protected.
Century Plus Annuity:
- Allows for tax-deferred growth.
- Includes a 5.0% first year interest rate enhancement.
- Offers fixed interest rates.
- Includes a minimum guaranteed interest rate based on the NAIC
Index.
Limited Pay Whole Life
This whole life insurance product is designed for individuals
purchasing life insurance for any qualified 401(a) plan, including
section 412(e)(3) plans. Rather than paying premiums for the
life of the policy, premiums are paid for a set number of years
while keeping the level, guaranteed death benefit and cash value
common to whole life policies. Premiums are payable either to age
65 or for 10 years, depending on the issue age of the insured.
David A. Behrens, President and CMO of American National Life
Insurance Company of New York, stated, “The addition of these two
products to American National’s New York portfolio, shows that we
recognize that baby boomers are looking for products that include
guarantees as well as permanent protection. We are happy to
introduce new life and annuity products to help meet their
needs.”
About the Company American National Life
Insurance Company of New York, headquartered in Glenmont, New York,
is licensed to conduct the business of insurance in New York.
American National Life Insurance Company of New York 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 of New York has been evaluated and assigned the
following ratings by nationally recognized, independent rating
agencies.
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). A.M.
Best's ratings were assigned in December 2017 based on 2016
financial results. For more information on Best’s rating of
American National Insurance Company, view the ratings report.
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. Standard & Poor's ratings were
assigned in July 2018 based on 2017 financial results.
Form Series: LPWL17(NY); SPDA17(NY)IMG22378 |
10.18
Contact: Matt Powell PH: 888.501.4043
American National (NASDAQ:ANAT)
Historical Stock Chart
From Apr 2024 to May 2024
American National (NASDAQ:ANAT)
Historical Stock Chart
From May 2023 to May 2024