LIFE

INSURANCE

 
Life insurance is essential for a number of different reasons. It is a financial instrument that allows you to protect your family and loved ones when you're gone and also a tool to finance your objectives from education to retirement while you are alive.

 
Permanent Life
A well-conceived life insurance program can be an ideal solution to your most important financial concerns. It can offer the following important features: 

A tax-free death benefit, paid immediately to your beneficiary without passing through probate. 
A source of supplemental retirement income 
Tax-deferred accumulation of cash values 
Accelerated death benefit. This benefit provides a way to receive a portion of your death benefit prior to your death, if you become terminally ill. (Form ACC91) (Not available in all states). 

Term
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:

Survivorship Life is a second-to-die life insurance policy. (USLIP)

Second to die
Second-to-die coverage is for two persons (usually husband and wife). The death benefit of a second-to-die policy is not payable until both people covered by the policy die.

Second-to-die coverage is used primarily in estate planning. It protects children and other heirs from the burden of estate taxes, which often become due and payable nine months after the date of the second insured's death.

Tax advisers and estate planners routinely recommend second-to-die coverage as a way to pay estate taxes and other costs associated with settling a large estate.

Deferred Annuities
Is a comfortable retirement one of your financial goals?

If so, your planning should include one or more of American National's deferred annuities, and here's why!

Competitive interest earnings. You can choose from three different plans, each offering a different first-year interest rate. Your annuity's value will always earn a competitive rate of interest, never less than 3%.

Safety and security. You'll be doing business with one of the country's largest, strongest, and most respected insurance companies.

Tax advantages. A deferred annuity earns interest on a tax-deferred basis. Income tax on those interest earnings is postponed until the money is withdrawn.

Liquidity. You'll be able to withdraw money from your annuity at any time, subject to applicable surrender charges, if any, during the years of the policy.

Lifetime income. You may someday elect to "annuitize" your contract and begin receiving a guaranteed regular income for as long as you live (or for another predetermined length of time.)