/PRNewswire-FirstCall/ -- American National Insurance Company (Nasdaq: ANAT) of
is pleased to announce the formation of a new subsidiary, American National Life Insurance Company of
, with headquarters in
Glenmont, New York
. The company was incorporated under the laws of
October 15, 2009
and received its license from
to sell life insurance, accident and health insurance and annuities on
March 17, 2010
American National Life Insurance Company of
is part of American National Insurance Company's expanding marketing operations. According to
, President and Chief Operating Officer of American National Life Insurance Company of
, "Our new subsidiary will create a marketing opportunity to introduce our portfolio of fixed annuities to
residents, and as we further develop our product offerings, we will expand into direct marketing and other areas."
, Senior Vice President of Marketing for American National Life Insurance Company of
, is excited about the marketing opportunities. "With a distribution that includes brokerage, banks, broker dealers, and career agents, we are poised to market our fixed annuities to the broadest possible range of
residents. Looking ahead, our plans include expansion into life and pension sales, through both agent marketing and direct marketing to consumers."
Our Farm Family Life Insurance Company products and operations will continue unchanged in
and other Northeastern states.
American National Insurance Company welcomes the addition of American National Life Insurance Company of
into its family of companies, which also includes American National Life Insurance Company of
, Standard Life and Accident Insurance Company, Garden State Life Insurance Company, American National Property and Casualty Company, Farm Family Life Insurance Company, Farm Family Casualty Insurance Company and United Farm Family Insurance Company. The American National family of companies offers a broad line of products and services, which includes life insurance, annuities, health insurance, credit insurance, pension plan services and property and casualty insurance for personal lines, agribusiness, and targeted commercial exposures.
Chartered in 1905, American National Insurance Company is headquartered in
. American National Insurance Company has evolved into an industry leader, ranking among the largest of life insurance companies in
the United States
, with over
in assets. American National Insurance Company is rated A (Excellent) by A.M. Best Company, and AA- (Very Strong) by Standard & Poor's.
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SOURCE American National Insurance Company