GALVESTON, Texas, June 5, 2013 (GLOBE NEWSWIRE) -- American National Insurance Company (Nasdaq:ANAT) announces a new product, ANICO Strategy Indexed Annuity PLUS 7 and 10, available now where approved. This innovative annuity product provides up to twelve potential interest crediting strategies for clients to choose from along with two Lifetime Income Riders that may provide guaranteed cash flow.
ANICO Strategy Indexed Annuity PLUS (ASIA PLUS) provides the opportunity to earn a higher interest based on the performance of the S&P 500 ® Index without the client being directly invested in the Index. The client will never lose money based on the fluctuations of the S&P 500 ® Index as the indexed interest crediting strategies have a 0% floor.
ASIA PLUS provides two different Lifetime Income Riders allowing the client's income base to grow at a specified rate for a specified term before the client begins receiving an income benefit.David A. Behrens, Executive Vice President of American National Insurance Company, stated, "ANICO Strategy Indexed Annuity PLUS allows the client to strategize the placement of their premium in the annuity while guaranteeing a future income stream in retirement." Available in seven and ten year versions, the ASIA PLUS offers multiple features to assist clients in various stages of life. About the Company American National Insurance Company (American National), 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. American National has been evaluated and assigned the following ratings by nationally recognized rating agencies: A (Excellent) by A.M. Best Company, third highest of 13 active company ratings noted as "An excellent ability to meet their ongoing insurance obligations," and A (Strong) by Standard & Poor's, sixth highest of 20 active company ratings noted as "Strong capacity to meet financial commitments but somewhat subject to adverse economic conditions."