American National Insurance Company Introduces a Competitive Term Product – ANICO Signature Term

Galveston, TX (PRWEB) June 05, 2012

American National Insurance Company located in Galveston, Texas has announced the introduction of the ANICO Signature Term series. (http://img.anicoweb.com)

American National Insurance Company will release a new product, ANICO Signature Term, on June 4, 2012. This competitive term product series includes multiple level premium periods of 10, 15, 20 and 30 years as well as Annual Renewable Term to help meet every client’s needs. Premium Rates can be compared on a number of quote engines including CompuLife, VitalTerm and iPipeline®.

Signature Term Express, a non-invasive and accelerated underwriting process, is available up to $250,000 for ages through 65. ANICO Signature Term Express facilitates 48-72 hour turnaround on approvals with no medical exams or invasive procedures on most cases.* Underwriting classes are Standard and Substandard and all term periods are available.

David A. Behrens, Executive Vice President of American National Insurance Company stated, “ANICO Signature Term offers a unique Annual Renewable Term (ART) with very competitive initial premiums.”

ART is American National’s lowest** starting premium and guarantees 10 years of competitive premium rates. Signature Term ART is convertible to 20 or 30 year level term within the first three years for issue ages 52 and younger.

Accelerated Benefit Riders for Critical, Chronic and Terminal Illnesses are also available with ANICO Signature Term.

About the Company
American National founded in 1905 is also a family of companies that has, on a consolidated GAAP basis, $22.7 billion in assets, $19.0 billion in liabilities and $3.7 billion in stockholders’ equity. The American National family of companies offers 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 Texas, American National Life Insurance Company of New York, American National Property and Casualty Company, Standard Life and Accident Insurance Company, Farm Family Life Insurance Company, Farm Family Casualty Insurance Company and United Farm Family Insurance Company.
For more information, including company news and investor relations information, visit the company’s web site at http://www.anico.com.

*The program requires completion of the full application with no additional requirements by you. An underwriting decision should be made within 72 hours using the information from the application, Medical Information Bureau and the Prescription Database. Motor Vehicle Report, phone interviews, Attending Physician’s Statements and exams may be required on certain applicants
**Males under age 26 may have an initial premium higher than 10 year level term
Form Series ART12, ABR11-TM, ABR11-CT, ABR11-CH (forms may vary by state)

Read the full story at http://www.prweb.com/releases/American-National/Signature-Term/prweb9575561.htm