American National Insurance Company Introduces a Monthly Sum Interest Crediting Strategy to its New Indexed Annuity — ANICO Strategy Indexed Annuity PLUS
GlobeNewswire |
The newest of the twelve strategies is the One Year Total Sum Performance with a Monthly Cap, also known as the "Monthly Sum" strategy, which credits interest on an annual basis by comparing the monthly changes in the S&P 500®. On a monthly basis, the index value is compared to the previous month. Increases are subject to a cap while decreases have no limit. At the end of the contract year, the twelve values (capped when applicable) are then summed to determine the annual interest credited with a floor rate of zero percent in negative years; an additional Cap is not applied to the final interest rate in positive years.
ANICO Strategy Indexed Annuity PLUS (
Available in 7 and 10 year versions, the
For agents seeking additional information, including product information and current interest rates, visit the
If you are interested in learning more about this product, please contact your insurance agent or financial advisor.
Indexed strategies earn interest related to the performance of the S&P 500® Index. Whether an indexed strategy earns interest or not and how much interest is earned is dependent on a number of factors: index performance, participation rate cap and segment term. The performance of the index cannot be predicted over any given period of time. Past history of the Index is no guarantee of future performance.
The S&P 500 Index is a product of
Form Series: IA13, RLIR (Forms may vary by State)
IMG11976
About the Company
American National is also a Family of Companies offering a broad line of products and services, which include life insurance, annuities, health insurance, credit insurance, pension products and property and casualty insurance for personal lines, agribusiness, and targeted commercial exposures. The American National Family of Companies operates in all 50 states, and its major insurance subsidiaries include American National Life Insurance Company of
For more information, including company news and investor relations information, visit the company's web site at www.anico.com.
CONTACT: Angie Hitchman PH: 888.501.4043
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