GALVESTON, TX — American National Insurance Company announces new premium rates for Signature Term Life Insurance series, in all states except New York.
ANICO Signature Term is a competitive term product series that includes multiple level premium periods of 10, 15, 20 and 30 years and an Annual Renewable Term option to help meet every client's needs. In addition, Signature Term will continue to offer Accelerated Benefit Riders for Critical, Chronic, and Terminal Illness.
The new premium rates will increase our competitive position on face amounts of $250,000 and above. Additionally, Signature Term will continue to offer friendly conversion options to all permanent products, including Signature GUL, our highly competitive flagship product. American National is excited to offer these improved premium rates with no changes to issue ages, commission, or available term periods.
Signature Term continues to be eligible for American National’s accelerated underwriting programs, Xpress and Xpress Plus.
- Xpress is designed to provide a quick underwriting process for limited ages and face amounts without an automatic exam.
- Xpress Plus is designed to enhance the underwriting process when using electronic applications. Xpress Plus will not automatically require an exam to be ordered. Instead, the agent will be notified via ExpertOffice if an exam is required.
David A. Behrens, Executive Vice President of American National Insurance Company stated, "ANICO Signature Term offers very competitive premiums along with Accelerated Benefit Riders to protect you in the event of a qualifying illness or accident."