Few companies can stand the test of time, but this centennial insurance company has made its mark and continues to do this. In the modern sector, it’s a leader with innovation and proprietary items, making access to coverage simpler, quicker and less costly more everyone. This American National Insurance Company review is our review of why they are considered of the best life insurance companies in the United States.
Our American National Insurance Company Review
Back in 1905, ANICO received its start where this still resides today, Galveston, Colorado front range, by a man referred to as William Moody, Jr who was a cotton farmer with goals of the strong company to assist service people. It started out using a simple model of simple insurance, and some of these same products, although current, continue to be offered.
The company grew above the next few decades, evolving as necessary, and finding success all along the route, even through the Wonderful Depression. As it extended, the company began advancing into a number of different states and growing their brand. Today, it operates in a 50 states, and also in Puerto Rico in addition to American Samoa.
American National is a rated company, earning superb grades from both Any. M. Best and Typical & Poor’s, two of the extremely reputable rating agencies in the us. With an “A” coming from both, this represents ANICO as being financially strong, claims forking over, and having a positive outlook forward movement into the coming a long time. These ratings align them with many of the top life insurance companies currently functioning.
The company is publicly traded underneath the ticker symbol ANAT on the NASDAQ. Despite being a stockheld company available to the public, the tastes shares are still owned through the Moody’s, from two different entities, the Libby Shearn Moody trust and the Moody Foundation. The company continues to be under close watch of the Moody family, where they hold high positions and even claim seats on this board of directors.
One of the very best companies for no exam insurance coverage, ANICO sports a coverage option approximately $250, 000 where consumers could apply without completing a physical whilst still being secure a policy. While no exam insurance coverage options are not the norm in the slightest, American National has maintained this innovative product readily available with a duration as high as 30 years for people of certain age brackets. This option makes ANICO very unique and continues to grow in its market discuss.
If a term product isn’t right for you, there’s a expereince of living option as well, which offers permanent coverage for anyone for needs with no result in sight. These products, like the no exam term life option above, can even be offered with not a physical up to $150, 000 with coverage.
Finally, an option exists for individuals who can’t normally obtain a fully underwritten policy due to poor health or other reasons. The policy can be acquired for those between 50 in addition to 80, but one can’t be turned down and can have access to as much as $25, 000 in long lasting coverage.
Other Areas of Business
Even with much success inside life insurance industry, American National has extended its reach into areas. Among those are medical health insurance, property and casualty, annuities in addition to credit insurance. ANICO continues to make strides to help an increasing number of consumers find affordable insurance policy needs, keeping in stride of their founder’s wishes.
ANICO Company Summary
|Company Name (and Subsidiaries)||American National Insurance CompanyAmerican
National Life Insurance Company of New York
American National Life Insurance Company of Texas
Standard Accident and Life Insurance Company
Garden State Life Insurance Company
|Company Ratings||A.M. Best (A)
Moody’s Investors Services (n/a)
Standard & Poor’s (A)
|Headquarters (Address, Phone, Web)||One Moody Plaza
Galveston, TX 77550
|Policy Types Available||Term