When you look at the list of top-rated life insurance companies in the United States, you are bound to find that American National Insurance Company will be at the top. There aren’t many life insurance companies that can withstand that level of quality and expertise.
American National Insurance Company is regarded as a leader in innovation and proprietary products, and has made access to coverage affordable, quicker, and simpler for everyone. This multi-line insurer operates throughout the United States, and is a dominant force in the life insurance market. They offer an extensive range of products, designed to suit the needs of families and individuals alike.
If you have been in the market for life insurance products, and want a reliable, professional, and certified company, you will struggle to find a better company than American National Insurance Company. We are going to take a closer look at the company in this review, and will provide you with insight on why it is regarded as a giant in the industry.
American National Insurance Company also known as ANICO was created by a man named William Lewis Moody, Jr. in 1905. The headquarters of the company are in Galveston, Texas and it offers a comprehensive line of financial and insurance products, with a network of agents that crosses 50 states. They are one of the biggest life insurance companies in the United States, and offer life insurance, property and casualty insurance, agribusiness, pension products, credit insurance, health insurance, annuities, and commercial insurance to consumers.
There are more than 3,000 employees working for American National Insurance Company in the United States, which ensures they can provide outstanding services to everyone. The SEC report states that ANICO has assets totaling more than $23 million. Their subsidiary company ANPAC is headquartered in Springfield, Missouri, and their further operations have offices in League City, Texas, and Glenmont, New York.
One of the biggest strengths of ANICO is community outreach. They are serious about philanthropic activities, which include fundraising and volunteering for a host of organizations, which include Children of the Ozarks, Boys & Girls Clubs, The United Way of the Ozarks, Salvation Army, and more.
The biggest indicators of a great life insurance company or any other company is their financial strength and stability. When you look at the finances of American National Insurance Company, the numbers are very impressive.
The company comfortably meets its financial obligations, while it has achieved continuous growth, and delivered success and returns on investment. They were given ‘A’ rating from S&P’s Financial Services, LLC, while A.M. Best, another insurance rating organization also gave an ‘A’ rating to them.
Customer service, awards and recognitions
The financial strength of an organization is one of the best ways to judge the performance of that company. When choosing a life insurance company, you should always look at their customer service record. A life insurance company that isn’t able to keep current customers happy, or attract new ones isn’t a company you want to get life insurance from. ANICO isn’t accredited by the BBB, which means it has no ratings given to it by the Better Business Bureau.
However, the Better Business Bureau has revealed on their website that no company is under obligation to get accredited. ANPAC states on their company website that over 96% of customers claimed in a survey that they wouldn’t mind referring ANPAC to their friends. The outstanding customer support services, also saw ANPAC win MQA (Missouri Quality Award) for excellent customer service and management of organizational performance. Forbes Magazine also featured ANICO among their list of ‘The 100 Most Trustworthy Companies’.
Financial and Insurance products
The ANICO group of companies offers people in 50 states the chance to acquire all kinds of insurance plans and policies. They have an extensive range of insurance and financial products, and we are going to look at their main offering in detail:
Signature Guaranteed Universal Life Insurance:
This insurance policy offers guaranteed life-time death benefit protection to policyholders, with an option to cash-out policy in the future. The Signature Guaranteed Universal Life Insurance offers the following benefits:
- Provides for basic needs of the family
- Maintains living standards of the spouse in retirement years
- Continuation of family business
- Complete children’s education
- Pay taxes and final expenses
- Accelerated Benefit Riders (ABR) in case of chronic, critical, or terminal illness
- Tax advantage wealth transfer
The best thing about this insurance policy is that you get complete flexibility, and are in complete control of the policy. The guaranteed death benefits and special features like late payment forgiveness is what make this insurance policy special.
ANICO Indexed Universal Life Policy
This is a permanent life insurance policy, that provides death benefit with cash value. The insurance policy earns interest based on the performance of an index, and you can adjust the premiums. This life insurance is great for the protection of loved ones in the event of premature death of a policyholder, as it pays off the mortgage, and provides educational funds and family income.
ANICO Signature Term
ANICO provides a completely underwritten product for level term life insurance. The pricing is affordable, and is suited for anyone that wants insurance for more than 30 years. This policy offers complete security and protection, and comes in separate terms, which are 10, 15, 20, and 30 year terms.
American National offers client services, to all policyholders. The client services offered allows policy holders to report claims online, make payments, and get ID cards for insurance print outs. Clients can visit the website to check out the library and find information related to loss prevention or for finding a nearby repair center for collisions.
The Bottom Line
If you are looking for a big name in the industry that provides a comprehensive product range for insurance with great ratings for financial strength, along with outstanding customer service, American National Insurance Company is the one. The organization has been in business for over 100 years, and their discounts and products are all unique. They also offer combined deductibles for auto, home, and classic car insurance if you have both policies from ANICO.
We think that American National Insurance Company (ANICO), is one of the best life insurance service providers in the United States. They are offer an extensive range of insurance and financial products, and outstanding discounts for consumers.
You can check out the website of ANICO for more information related to their financial and insurance products. You can reach them by phoning at (409) 763-4661.