American National Life Insurance

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When it comes to life insurance, American National is a well-known and respected name in the industry. With more than 100 years of experience providing insurance products, American National is committed to protecting its customers and providing peace of mind.

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History of American National Life Insurance

American National was founded in 1905 in Galveston, Texas by William Lewis Moody Jr. Moody had previously worked in the banking and real estate industries and saw an opportunity to enter the insurance market.

The company began as the Moody-Turney Company, but was later renamed American National Insurance Company. The company experienced significant growth throughout the 20th century, expanding its product offerings and acquiring other insurance companies.

Today, American National is a publicly-traded company with over $26 billion in assets and more than 5,000 employees. The company offers a wide range of insurance products, including life insurance, annuities, and property and casualty insurance.

American National Life Insurance Products

American National offers several different types of life insurance products to meet the needs of its customers. These include:

Product
Description
Term Life Insurance
Provides coverage for a set period of time, typically 10, 20, or 30 years.
Whole Life Insurance
Provides coverage for the policyholder’s entire life and builds cash value over time.
Universal Life Insurance
A flexible policy that allows the policyholder to adjust the premium and death benefit as needed.

American National also offers several riders that can be added to a life insurance policy, such as accidental death and dismemberment coverage and a waiver of premium rider that waives the premium payments if the policyholder becomes disabled.

FAQs About American National Life Insurance

What is the application process for American National life insurance?

The application process for American National life insurance typically involves filling out an application and providing information about your health, lifestyle, and family medical history. Depending on the type of policy you are applying for, you may need to undergo a medical exam.

How can I pay my American National life insurance premiums?

American National offers several different payment options, including automatic bank draft, online payment, and payment by mail.

What happens if I miss a premium payment?

If you miss a premium payment, your policy may be subject to a grace period before it lapses. This grace period can vary depending on the policy, so it’s important to check your policy documents for details.

Can I cancel my American National life insurance policy?

Yes, you can cancel your American National life insurance policy at any time. However, you may be subject to surrender charges or other fees if you cancel before the end of the policy’s surrender charge period.

What happens to my American National life insurance policy if the company goes out of business?

American National is a financially strong and stable company, but in the unlikely event that the company were to go out of business, your policy would be protected by state guaranty associations. These associations are designed to protect policyholders in the event that an insurance company becomes insolvent.

Conclusion

American National is a reputable and reliable provider of life insurance products. With a long history of serving its customers and a commitment to financial strength and stability, American National is a great choice for anyone looking for life insurance coverage.

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