American National Life Insurance Review [2021]

American National life insurance coverage comes in a number of different policies including term, whole, and universal life insurance. American National life insurance products differ from the products of many other main competitors because it offers a unique five-year term life insurance policy. Our American National life insurance review finds the company with a stable financial rating of "A" from A.M. Best.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jul 19, 2021

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Quick Facts

  • American National is a major U.S. insurance provider operating in all 50 states and Puerto Rico
  • American National was founded in 1905 in Galveston, Texas
  • American National offers a variety of insurance and financial services to consumers

American National life insurance is just one of the many insurance and financial services offered by this company. American National insurance offerings include home, car, health, pension, credit, and life insurance.

American National’s life insurance offerings include term life insurance, whole life insurance, universal life insurance, and more.

Our review will only detail American National’s life insurance offerings. It will include how strong the company is financially and other important questions that consumers might have about the company and its life insurance products.

American National is a major insurance provider in the United States and operates in all 50 states plus Puerto Rico, so this review should be beneficial to everyone who is interested in purchasing life insurance.

Ready to buy American National life insurance? Shop around first to get the best deal. Enter your ZIP code above to compare life insurance rates from the top companies in your area.

What life insurance products does American National offer consumers?

American National has a large suite of life insurance products for consumers to choose from. Its portfolio of life insurance products includes term life insurance, whole life insurance, universal life insurance, indexed universal life insurance, and guaranteed universal life insurance.

We’ll take the time to look at the main life insurance policies sold by American National and detail the similarities and differences between them. We’ll also offer you a chance to see some sample rates.

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What are the specifics of American National’s term life insurance policies?

American National’s term life insurance policies can be written with terms of 5, 10, 15, 20, or 30 years. Many life insurance companies do not offer 5-year term life insurance policies. There are quite a few insurers who also do not offer 15-year terms.

Term life insurance is the most affordable way to get a lot of life insurance coverage. It is designed to cover you for a specific period when your insurance needs are the greatest. American National is different from many other insurers by offering a 5-year term.

Take a look at sample term life insurance rates for a healthy 25-year old.

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You can also view sample term life insurance rates from American National for a healthy 50-year old to get a more detailed look at the typical costs of American National term life insurance policies.

Sample Monthly Life Insurance Rates by Company, Product, and Age for Males
CompaniesProductAge 30 Average Monthly Rates (Male)Age 35 Average Monthly Rates (Male)Age 40 Average Monthly Rates (Male)Age 45 Average Monthly Rates (Male)Age 50 Average Monthly Rates (Male)Age 55 Average Monthly Rates (Male)Age 60 Average Monthly Rates (Male)Age 65 Average Monthly Rates (Male)Age 70 Average Monthly Rates (Male)Age 75 Average Monthly Rates (Male)Age 80 Average Monthly Rates (Male)
Accordia LifeTerm Life$16.91N/A$23.36N/A$56.07N/A$128.84N/AN/AN/AN/A
ANICOSignature Term$12.53$12.96$15.98$22.68$31.75$47.30$76.25$132.19$227.88NANA
AssurityTerm Life$16.31$16.31$21.32$28.49$43.07$62.64$100.05$153.99$245.78$465.67NA
BannerOPTerm$12.68$13.33$17.71$22.10$32.90$45.99$73.81$123.03$211.06$399.22NA
CincinnatTermsetter$13.42$14.96$18.70$22.88$32.56$49.50$78.98$140.36$257.40$456.94NA
Fidelity LifeTerm Life$19.14NA$25.01NA$54.59NA$73.92NANANANA
John HancockVitality Term$14.09$14.24$16.96$22.14$28.41$43.04$68.14$117.04$245.79$455.46$849.79
Liberty MutualTerm Life$31.73N/A$35.55N/A$40.32N/A$95.58N/ANANANA
Lincoln NationalTerm Accel$12.34$12.63$15.22$21.84$30.96$46.75$71.95NANANANA
MassMutualVantage Term$13.28$13.48$16.98$24.58$35.03$53.50$82.65$147.03$256.00$478.08NA
Minnesota LifeAdvantage Elite$13.46$13.99$17.95$25.87$36.56NANANANANANA
Mutual of OmahaTerm Life Answers$13.33$14.19$19.35$23.22$33.33$50.31$80.84$148.35$274.13$525.68$908.38
Nassau LifeTerm Life$17.43NA$26.15NA$51.69NA$119.78NANANANA
NationwideYourLife$13.56$13.56$16.41$22.97$32.59$47.91$86.41$152.03$260.97NANA
North AmericanADDvantage$12.98$13.20$16.50$22.88$31.90$48.40$77.44$133.98NANANA
Pacific LifePromise Term$12.32$12.32$15.59$21.85$30.09$45.46$69.89$123.04$211.07$399.24$874.22
PrincipalTerm Insurance$12.69$12.69$15.80$23.05$31.15$45.65$71.97$126.66$217.44$410.99$902.78
ProtectiveClassic Choice$11.62$11.83$14.78$21.32$30.07$45.47$69.90$124.33$211.07$399.24NA
ProtectiveCustom Choice UL$11.87$12.08$15.10$21.77$31.46$47.82$73.23$131.78NANANA
PrudentialTerm Essentials$21.88$21.88$25.60$28.66$38.07$50.75$79.41$142.85$259.88$508.82NA
SagicorAccelerwriting Term$12.60$12.75$17.07$22.27$43.59$65.49$103.05$172.65$313.06$510.40NA
SBLILevel Term$11.80$12.07$14.53$20.96$31.88$48.12$75.61$129.70$225.74NANA
SymetraTerm 3.0$12.91$12.91$16.19$23.84$33.21$51.54$83.77$140.57$239.27$440.78$969.72
TransamericaTrendsetter Super$12.47$13.33$18.71$24.30$37.41$55.90$86.86$161.04$221.67$410.65$884.51
TransamericaTrendsetter LB$13.33$14.62$20.21$27.09$40.21$64.29$101.91$176.30$302.94$490.63$1,072.64
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As you can see, American National’s term life insurance policies are pretty affordable, and you can get up to $1 million in coverage. Term life insurance policies are great for young families and other people who need coverage in the event of an untimely death.

American National also allows its term life insurance policies to be converted into a permanent life insurance policy in most cases.

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What are the specifics of American National’s whole life insurance policies?

American National’s whole life insurance policies offer consumers lifetime life insurance coverage, level premiums for the lifetime of their policy, and fixed benefits that payout to your loved ones on your terms.

Term life insurance and whole life insurance are very different, and whole life insurance tends to be quite a bit more expensive.

What is unique about American National’s whole life insurance policies is that sometimes they pay out dividends to their policyholders. Dividend payments are not guaranteed, but they are a distinct possibility with American National whole life insurance policies.

What are the specifics of American National’s universal life insurance policies?

Universal life insurance is a type of permanent life insurance, much like whole life insurance. However, universal life insurance is much more flexible and has a greater potential for cash value growth.

American National has three distinct types of universal life insurance coverage: basic universal, indexed universal, and guaranteed universal life insurance.

Universal life insurance allows you to tailor your life insurance needs to your life.

Regular universal life insurance coverage gives you life insurance coverage for the duration of your life, has a cash value that can be borrowed against in times of need, has adjustable premiums, and even adjustable death benefits.

Indexed universal life insurance is the same as regular universal life insurance, but the difference is the cash value interest payments are tied to a stock index, such as the Dow Jones.

American National guarantees that you earn negative interest, but indexed universal life insurance policies carry a little more risk since they are tied to the market.

Finally, guaranteed universal life insurance from American National lets you decide what guarantees you want. You choose to have coverage for your lifetime or only to a certain age. These policies allow you to access your death benefit if you become terminally ill and need money.

If you’re interested in learning more about the different types of permanent life insurance available on the market, check out this resource from the Insurance Information Institute.

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Your life insurance quotes are always free.

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Is American National financially strong?

American National has an A rating from financial reviewer A.M. Best.

This means that American National is very strong financially and is likely able to pay out benefits in a timely manner. Financial strength is typically an important facet of insurance companies for consumers since they like to know how likely they are to actually receive their benefits.

American National Life Insurance: The Bottom Line

American National is a big company. This insurer has a number of unique insurance offerings, including the 5-year term life policy and the potential dividend payments for whole life insurance policyholders.

This company also has a host of universal life insurance policies that allow consumers to fit their life insurance policies to their needs.

Ready to buy American National life insurance coverage? Compare quotes online before you buy to find the best rates. Enter your ZIP code below to compare life insurance quotes from the top companies in your area.

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