Review of American National Insurance Company (ANICO)
American National Insurance Company, also known as ANICO, is an A-rated insurance company headquartered in Galveston, Texas. Established in 1905, ANICO currently operates in all 50 states. The company is dedicated to innovation within the insurance industry and offers a wide array of products and services. Keep reading to find out why ANICO is one of the best-accelerated underwriting life insurance companies available.
There are five independent agencies that rate the financial strength of insurance companies – A.M. Best, Fitch, Kroll Bond Rating Agency (KBRA), Moody’s and Standard & Poor. Both A.M. Best and Standard and Poor give ANICO an “A” rating. Affirming ANICO’s strong level of consolidated risk-adjusted capitalization, growth in statutory capital and surplus, continued profitable earnings and diverse product offerings. This is important for anyone insured by ANICO as it reflects the company’s ability to pay a claim as soon as possible.
About American National
ANICO began in 1905 in Galveston, Texas with only 10 employees and $100,000 in capital. In 2018, the company’s total assets reached $26.9 billion and over $100 billion in life insurance in force. ANICO is an S&P 500 company ranking within the top 5% nationwide. They are affiliated with the following companies:
- American National Property and Casualty Company (ANPAC)
- American National Life Insurance Company of New York
- Farm Family Companies
- Standard Life and Accident Insurance Company
- Garden State Life Insurance Company
- American National Life Insurance Company of Texas
Products offered by ANICO
- Term Life
- Whole Life
- Universal Life
- Indexed Universal Life
- Variable Universal Life
- Credit Life
- Fixed Deferred Annuities
- Indexed Deferred Annuities
- Variable Deferred Annuity
- Single Premium Immediate Annuity
- Medicare Supplement insurance
- Supplemental Health Insurance
- Credit Disability Insurance
- Employer Stop Loss Insurance
Property and Casualty
- Personal Insurance
- Business Insurance
- Agribusiness Insurance
ANICO strives to continue growing for the future – not only for themselves but also for their clients.
We believe in providing coverage options that are right for you, not everyone else. We have a clear purpose, values instilled in our company and a long, rich history that can offer our clients longevity, stability and a sense of security.
For more information about ANICO and the specific products they offer, visit their home website at https://www.americannational.com/wps/portal/an/menu/about/about-us
If you’re interested in getting contracted feel free to follow this link to start the process.