American National Insurance Company (American National) announced a new product, Signature Plus Indexed Universal Life Insurance (IUL), available January 1, 2016. This innovative life insurance product offers death benefit protection, four indexed crediting strategies and a fixed account as well as an interest rate enhancement.
Signature Plus IUL can provide the opportunity to earn interest based upon the performance of the S&P 500® Index without the client being directly invested in the index. Therefore, the accumulation value will never decrease based on the fluctuations of the S&P 500® Index as all four of the indexed interest crediting strategies have a built-in floor. One of the indexed strategies currently has a declared floor of 1.5 percent so that strategy can earn interest even in the event of a decrease in the index.* Another indexed crediting strategy provides an uncapped strategy with an interest rate spread for greater crediting potential in rising markets.
Signature Plus IUL may enhance returns for loyal customers beginning in the 11th year. An interest rate enhancement up to one percent may begin in year 11 and could continue for the life of the policy. This may increase the rate credited to the sweep account, fixed account and maturing indexed interest crediting strategies by one percent which may lead to growth of long term accumulation values. Signature Plus IUL can provide clients the life insurance protection their families need with the opportunity to increase accumulation value for future emergencies, college education or supplemental retirement income. It also offers accelerated benefits for critical, chronic and terminal illness. The Signature Plus IUL has multiple uses while providing family protection.
David A. Behrens, executive vice president of American National said, “American National’s new Signature Plus IUL builds upon the tested concepts of our previous indexed products to create a competitive second generation IUL with more options for clients with the addition of the uncapped strategy and the year 11 interest rate enhancement. Signature Plus IUL allows a client to have control over the placement of their premium in the various indexed strategies or a fixed account while protecting their family’s future.”
American National Insurance Company, headquartered in Galveston, Texas, was founded in 1905 and is licensed to conduct the business of insurance in all states except New York. American National offers a broad line of products and services, which include life insurance, annuities, health insurance, credit insurance and pension products.
For more information, including company news and investor relations information, visit American National’s website at www.americannational.com.
*The accumulation value may decrease due to the monthly deduction regardless of the interest rate credited for any particular strategy.
