American National Life Insurance Review

American National (or ANICO) doesn’t specialize in just life insurance. They offer a wide variety of insurance products. Their rates are quite competitive, and every life insurance product comes with living benefits.
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American national life insurance company family

Written by Brian Greenberg
CEO / Founder & Licensed Insurance Agent

Last updated: March 30th, 2023

Reviewed by Grant Desselle
Licensed Insurance Agent

American National Life Insurance Company

American National is one of our favorite companies. They have amazing products, helpful employees, and are willing to work with people who have health issues.

The customer service is extraordinary.

We often consult with the company’s underwriters before applying to ensure clients get the best-priced policies.

Applications take about 30 minutes to complete over the phone, and an email signature is required.

American National products offer the best living benefit riders we have, for free The Terminal, Chronic and Critical Illness riders allow you to withdraw from the policy’s death benefit in the event of disability or significant medical expenses.

Regarding the Terminal illness rider, most companies allow access to the death benefit with a diagnosis of fewer than 24 months to live. American National products will enable you to withdrawal the death benefit with a diagnosis of fewer than 12 months. We have witnessed the joy this feature can bring a family.

The prices are not the lowest in the industry, though the free benefits that come with the policies make the products a steal.

We like this company’s ethics.

Founded in 1905 by William L. Moody, American National Insurance Company has grown to provide insurance products in all 50 states, as well as Puerto Rico.

American National (or ANICO, as it is sometimes abbreviated) does not only specialize in life insurance, but provides a variety of insurance products, such as homeowners, auto, and health insurance. When it comes to quality life insurance products, they offer term, no medical exam term, whole, and universal life insurance policies with flexible options.

Applicants will find ANICO’s rates to be quite competitive. All of their policies come with living benefits that can provide financial assistance in the event of a qualifying illness.

Because they offer a variety of products, this could also be a great option for those who are looking to purchase multiple types of insurance (car, health, etc.) from the same vendor.

A.M. Best RatingA
S&P RatingA
BBB RatingNot rated
Customer Service Phone800-899-6806
AddressAmerican National
One Moody Plaza
Galveston, TX 77550-7947

What we like

Diverse Options

Despite the fact that they don’t specialize in life insurance, ANICO offers a diverse array of customizable options for their term, whole, and universal life insurance plans.

Guaranteed Acceptance

Term life customers have the option to opt out of taking a medical exam. But ANICO also offers guaranteed acceptance on universal life policies, as well.

Included Riders

ANICO’s policies include an accelerated death benefit rider at no additional cost. This rider will pay an advance on your death benefit in the event of a qualifying illness.

What we don’t like

No Online Quotes

ANICO does not provide online quotes for their life insurance products; instead, they provide an option to contact an agent. You can get an online quote through life insurance brokers, like True Blue Life Insurance.

Relies on Insurance Agents

While some may appreciate the personal touch of an agent, others may prefer the convenience of an online application, which ANICO does not provide.

Confusing Product Offerings

Understanding the difference between Xpress Term and Xpress Plus requires a careful reading, which may be confusing at first glance.

American National Life Insurance Products

Whole Life

American National offers whole life insurance that lasts until the age of 121. This policy offers cash value accumulation, as well as level premiums throughout the duration of the policy. But we also like that American National provides some flexibility and additional options that increase the value of their product.

Flexible Payment Options

While policyholders have the option of paying level premiums for the lifetime of their policy, American National provides the option to pay the policy in full by age 90 or 95. They also offer an option to pay in full over a 20-year payment period.
If you choose their 21-year, increasing benefit option, your death benefit increases by 5% per year until it doubles, at which point it remains constant for the lifetime of the policy.

Living Benefits

Like their term life policies, their whole life product offers accelerated death benefits at no additional cost.


American National also pays dividends on their whole life policy, although there’s no guarantee that every policyholder will receive them.

No Medical Exam Option

Applicants between the ages of 45-80 can receive whole life insurance with no medical exam. After two years, the policy’s death benefit locks in for the duration of the policy.

Guaranteed Universal Life

American National offers guaranteed universal life coverage, with level premiums and a death benefit that remains constant until age 121.

Living Benefit Options

Like their other products, American National includes accelerated death benefit riders at no additional cost.

No Guarantee of Cash Value

Like other universal policies, this product has the ability to accumulate cash value, but because of the simplified nature of the policy, customers shouldn’t expect to see the same numbers as other permanent policies.

Guaranteed Cash-Out

This free rider allows the policyholder to surrender their policy for a full return of premium during years 15, 20, and 25 of their policy.

Indexed Universal Life

The benefit of any indexed universal life insurance plan is the ability to invest your cash values in popular market indexes. American National relies on the S&P 500 to determine interest rates for the crediting method of life insurance coverage.

0% Floor

Relying on market performance comes with a certain degree of risk. But American National protects your cash values with a 0% floor that protects your cash values, even if the index market performs poorly.

Living Benefits

Once again, American National includes accelerated death benefits free of charge. But this policy also includes a free “overloan” protection benefit to safeguard your cash values.

Policy benefits


As we saw above, American National includes accelerated death benefits in each of their policies with no additional cost. But these policies can also be further modified with additional riders, such as:

Common American National riders:

  • Disability Waiver of Premium – If you are disabled, your premiums are waived for a predetermined period without risking a lapse in coverage.
  • Children’s Term Rider – Policyholders can add their children to their policies at the date of issue.
  • Guaranteed Increase Option Rider – Some universal policies allow the policyholder to increase their options by paying a higher premium.

Other Insurance Offerings

It’s worth noting that American National provides a wide range of insurance products. Some customers may appreciate having their insurance coverage under one roof.

American National’s policies are some of the most affordable life insurance products in the industry. While they offer coverage for applicants as old as 80, their products offer benefits for every age bracket.

Perfect for Light Medical Conditions

Their affordable coverage may be ideal for those who have lighter medical conditions, but their accelerated benefit options ensure that applicants have guaranteed access to both term and whole life insurance.

Added Value of Living Benefits

All of American National’s policies come with accelerated death benefits. Bear in mind that these benefits can be applied not only to medical bills, but also to groceries, debts, and other end-of-life expenses.


Financial ratings

ANICO has received the following ratings from third-party reviews:

  • S&P Rating: A
  • A.M. Best Rating: A

Additionally, Forbes magazine has previously highlighted ANICO as one of the “100 Most Trustworthy Agencies,” indicating a high level of confidence in the company as a whole.

Customer reviews

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Level Term Life Insurance

Term life insurance is perhaps the easiest and most straightforward type of life insurance. The cost is affordable, and premiums and coverage are guaranteed to stay the same.
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Mom with children

Written by Brian Greenberg
CEO / Founder & Licensed Insurance Agent

Last updated: March 30th, 2023

Reviewed by Grant Desselle
Licensed Insurance Agent

Get the most accurate rates in 2 minutes or less
Making a financial decision doesn’t have to be stressful.
See what you qualify for by answering some health questions.

Take Our Life Insurance Quiz
Take Our Quiz