American National Life Insurance Company of New York Introduces an Industry Leading Whole Life Policy With a PUA Rider and Guaranteed Insurance Rider -Signature Whole Life Insurance

GALVESTON, Texas, July 2 -- The American National Insurance issued the following news release:

American National Life Insurance Company of New York (American National) announces a new product, Signature Whole Life Insurance (SWL), available [July 2, 2018]. This industry leading life product provides guaranteed lifetime Death Benefit protection and the option to accumulate additional death benefit through the Paid-Up Additions Rider and the Guaranteed Insurance Rider.

American National has enhanced its Whole Life solution for the market using the 2017 CSO tables. While other carriers are exiting or scaling back their participating whole life, we are lowering our premiums on Signature Whole Life Insurance to provide a more competitive product. American National believes consumers want guarantees that their death benefit will be there when they need it and that they will not have to pay more premium later in the life of the contract.

Signature Whole Life Insurance is a death benefit product that helps provide for a family's needs after the death of the insured, maintain the standard of living and retirement needs of the surviving spouse, complete children and grandchildren's education, assure continuation of the family business and provides for tax-advantaged wealth transfer to future generations.

Signature Whole Life Insurance provides a safe, effective means for customers to leave their loved ones a legacy but also serves as an emergency fund with cash value available if circumstances change. This product also includes, at no additional premium, Living Benefits covering chronic and terminal illness in the form of Accelerated Benefit Riders.

Signature Whole Life Insurance is a participating whole life policy that has the potential to pay dividends to the policyholder who may choose to receive those dividends in cash, as a premium reduction, to purchase additional insurance or leave on deposit to accrue interest. The policy also contains a Guaranteed Insurance Rider that allows a policy owner who is younger than 40 to add insurance at certain option dates.

David A. Behrens, President and Chief Marketing officer of American National Life Insurance Company of New York stated, "This new Signature Whole Life Insurance product provides the death benefit proceeds while at the same time developing cash value that may be accessed in later years if needed for supplemental retirement income or emergencies in return for a temporarily or permanently reduced death benefit."

Financial Strength Ratings

American National Life Insurance Company of New York has been evaluated and assigned the following ratings by nationally recognized, independent rating agencies.

A.M. Best (1) A Standard & Poor's (2) A

Ratings reflect current independent opinions of the financial capacity of an insurance organization to meet the obligations of its insurance policies and contracts in accordance with their terms. They are based on comprehensive quantitative and qualitative evaluations of the company and its management strategy. The rating agencies do not provide ratings as a recommendation to purchase insurance or annuities. The ratings are not a warranty of an insurer's current or future ability to meet its contractual obligations. Ratings may be changed, suspended, or withdrawn at any time. For the most current ratings view the full rating reports on American National Life Insurance Company of New York's Internet site at www.americannational.com.

Footnotes:

1. A.M. Best's active company rating scale is: A++ (Superior), A+ (Superior), A (Excellent), A- (Excellent), B++ (Good), B+ (Good), B (Fair), B- (Fair), C++ (Marginal), C+ (Marginal), C (Weak), C- (Weak) and D (Poor). A.M. Best's ratings were assigned in December 2017 based on 2016 financial results. For more information on Best's rating of American National Insurance Company, view the ratings report.

2. Ratings from 'AA' to 'CCC' may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories. Standard & Poor's ratings were assigned in June 2017 based on 2016 financial results.

For more information, including company news and investor relations information, visit the company's web site at www.americannational.com.