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Timely Death Benefit

American National's term life insurance products offer a competitive array of level death benefit coverages, with various permium payment alternatives.

These plans can provide the solutions to many of the financial problems that would be caused by premature death. They provide large amounts of coverage for various specific periods of time.

As term insurance, they are designed to meet protection needs that are temporary. As life insurance, they provide the special benefits described in the following paragraphs:

  • Tax-free benefit. No other product will provide such a large, instant cash windfall, income-tax free, at the very time it is needed most. (IRC Sec. 101 life insurance proceeds are generally held to be tax-free).

  • Benefit is paid immediately. Your beneficiary will receive the policy proceeds without the inconveniences of the probate process.

  • Financial privacy. Life insurance is not a matter of public record. Your beneficiary will receive the death benefit discreetly upon your death.

  • Premium payments. After an initial specified period, the life insurance benefits provided by these plans may be kept in force by the payment of increasing premiums through age 95 (age can vary according to the life insurance contract). No additional evidence of insurability will be required after your policy is issued.

  • Convertibility. An attractive alternative to the increasing cost of term coverage is the ability to convert that coverage to permanent life insurance. These term products contain a conversion option which you may exercise during the policy's early years, depending on your age and the term policy you choose. Check your policy for conversion details. This conversion privilege allows you to convert to a permanent policy without furnishing additional evidence of insurability. American National offers a wide array of competitive permanent insurance plans with level premiums and tax-favored cash accumulation potential.

  • Preferred ratings available. If you're applying for at least $100,000 of coverage, you may qualify for one of the company's "preferred" underwriting ratings, thereby reducing your premium.

Financial Objectives

A well-planned insurance program shoudl offer stability and protection. Term life insurance could help with:

  • Income replacement for surviving family members.
    Your most valuable financial asset is likely to be your income from work. In the event of your premature death, the tax-free death benefit could plan an important role in replacing that critical income stream1.
  • A college education for your children.
    The quality of the future that awaits your children could depend on the post-secondary education that they receive. You can help give your children a leg up on their future by making sure the funds for a college education will be there — even if you are not.
  • Retiring the mortgage on the family home.
    The family home represents the standard of living that you have earned for your family. The knowledge that your family can remain in that home, even af ther death of the breadwinner, can provide peace of mind.

Goals

An ideal financial strategy should:

  • Be self-completing

  • Allow you to make flexible contributions over the years
  • Grow steadily and dependably at a competitive rate of interest, comparable to or better than certificates of deposit
  • Grow tax-deferred
  • Minimize the amount of taxes you pay and maximize the dollars that stay in your pocket and the pockets of your family members.

 

1 Tax-free death benefits - Proceeds from a life insurance contract paid because of the death of the insured re generally excludable from the beneficiary's gross income for tax purposes. (IRC Sec. 101(a)(1))

 
 
 
   
   

 

Representing

American National Insurance Company,
Galveston, TX
American National Property And Casualty Company,
(ANPAC®) Springfield, MO



All products, coverages, and options are not available in all states, and eligibility requirements will apply. Products and services referenced in this Web site are provided through multiple companies. Each company has financial responsibility only for its own products and services, and is not responsible for the products and services provided by the other companies.

Personal lines and commercial products and services are made available through American National Multiple Line Exclusive Agents and may be underwritten by American National Property And Casualty Company (ANPAC®), Springfield, Missouri, or one of its subsidiaries or affiliates: American National General Insurance Company; Pacific Property And Casualty Company (California residents); ANPAC Louisiana Insurance Company (Louisiana residents); American National Lloyds Insurance Company and American National County Mutual Insurance Company (Texas residents). Life insurance and fixed annuity products are issued through American National Insurance Company, Galveston, Texas.

Disability Income products and services are issued by Illinois Mutual Life Insurance Company, Peoria, Illinois.

Tax issues that may be discussed are subject to change, and this is for your information only. Discussion of such issues does not constitute tax or legal advice. Please consult your tax advisor, attorney or CPA for guidance on all tax matters.

These brief descriptions of coverages available are for illustration purposes only, and are not intended as a statement of contract. For actual terms and conditions of coverage provided, refer to your insurance policy. For more information about coverage options and availability, talk to your American National agent. American National Family of Companies reserves the right to discontinue programs at any time.

This site may have links to other sites not maintained by American National Insurance Company, its subsidiaries or affiliates. Such links do not imply endorsement or approval of these sites or the content therein by American National, its subsidiaries or affiliates.

  
   
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