American National Insurance Company - Life Insurance

Life Insurance


* General Information
* Whole Life
* Term
* Universal Life
* Variable Universal Life

General Information: An agreement between an insurance company and an individual. The typical life insurance contract provides that, in exchange for premium payment(s), the insurance company promises to pay at the death of the insured (or at another determined time if earlier), a sum of money to the beneficiary.

Whole Life: The most common type of permanent life insurance coverage, providing a face value death benefit for the entire life (“whole life”) of the insured, unless the insured cancels the policy or does not pay premiums. Premiums generally remain constant over the life of the policy and must be paid periodically in the amount listed in the policy.

Term: A type of life insurance policy purchased for a specified period of time. Often that period of time is a set number of years, such as 1 year, 10 years or 20 years. The policy can also be written for a term that expires at a specified age, for example, when the insured turns 65.

Universal Life: A type of permanent life insurance that provides limited flexibility as to the premium payment and death benefit amount. To increase the death benefit, the insurance company usually requires a person to furnish satisfactory evidence of continued good health.

Variable Universal Life : Variable universal life insurance combines the features of both variable and universal life insurance policies. The variable life feature allows the policyowner to place a portion of premiums in investment options that have the potential for greater earnings than are available from the guaranteed rates provided by the traditional whole life insurance products. The policyowner assumes all investment risk with this product. The universal life feature provides the opportunity for the policyowner to adjust both the premium payments and the death benefit in various ways as permitted by the insurance policy. The death benefit guarantee is based on the claims-paying ability of the insurance company and does not extend to the separate account.

American National Insurance Company