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AMERICAN NATIONAL INSURANCE COMPANY. A+ by AM Best & Co. AA by Standard & Poor Over $3 Billion in Capital Surplus $125 in Assets for every $100 of Liabilities Consolidated Assets of over $17 Billion And a Comdex Score of 95!. Fixed Annuities - What’s Next?.
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AMERICAN NATIONAL INSURANCE COMPANY A+ by AM Best & Co. AA by Standard & Poor Over $3 Billion in Capital Surplus $125 in Assets for every $100 of Liabilities Consolidated Assets of over $17 Billion And a Comdex Score of 95!
Fixed Annuities - What’s Next? Our Newest EIA – June 15, 2006 We’ve come up with a truly winning formula Annual Reset!Riders Galore!
The ANICO Strategy Indexed Annuity is Coming Your Way . . . Want to learn about what’s sure to be the next best indexed annuity? • Clean Simple Design • Strong Guarantees 3. Innovative Riders Not Available on any fixed or indexed annuities!
ANICO Strategy Indexed AnnuityIndexed to the S&P 500 • Annual Reset/Point-to-Point, No Averaging • 100% Participation Locked in at Issue • Annually Declared Cap Rate (Only Moving Part) • Both an Index Interest & Fixed Interest Acct. • Index interest based on S&P 500 Performance • Fixed Interest declared annually • Can reallocate funds between the two accounts on policy anniversary
ANICO Strategy Indexed AnnuityIndexed to the S&P 500 • Issued to ages 0-85 Owner/Annuitant • Single Premium Product • $5,000 Minimum Premium for Non-Qualified • $4,000 Minimum Premium for Qualified • 10% Penalty-Free Withdrawals of Annuity Value after 1st Yr • Both a 7 and a 10-yr Surrender (No MVA) • 7-yr: 7,7,6,5,4,3,2,0 • 10 Yr: 9,9,8,7,6,5,4,3,2,1,0 • Walk-away at end of term
ANICO Strategy Indexed AnnuityIndexed to the S&P 500 • Waiver of Surrender Charges • 10% Partials after yr 1 • Based on full Account Value as of beginning of contract year • Includes Indexed Interest Credits • Required Minimum Distributions (ALL Yrs) • Disability or Confinement in a: • Hospital • Hospice Facility • Convalescent Care Facility • Death Benefit • Paid at the death of the Owner • Greater of Full Annuity (Account) Value, including indexed earnings up to the date of death OR • Surrender Value
ANICO Strategy Indexed AnnuityIndexed to the S&P 500 – Upgrades…. • Innovative (Optional) Riders: Lifetime Income Rider • Payments can begin anytime after age 60 • Guarantees Income for Life Even if the Annuity Value Declines to 0! • It must be added at issue, but can be dropped anytime! • Payment based on highest AV from date payments start • Income Benefit is treated like a free partial withdrawal • IT CAN BE STOPPED AT ANYTIME! • That’s right – the guarantees of a lifetime annuitization with the flexibility of systematic withdrawals – You Can’t Beat That! • The Cost for the rider is guaranteed at issue for the life of the contract • Is expected to be .40% of the account value per year • Much lower than competing variable products!
ANICO Strategy Indexed AnnuityIndexed to the S&P 500 – Upgrades . . . • Innovative (Optional) Riders: Enhanced Death Benefit Rider • Enhanced Death Benefit Rider – Increases DB by a % of index gains • Benefit Varies by Age • Through age 69 = 45% • Ages 70 – 74 = 25% • Ages 75 – 80 = 20% • Ages 81+ = 15% • NO UNDERWRITING! • Must be added at issue, but can be dropped at anytime • Cost is guaranteed for the life of the contract • Is anticipated to be .25% of the account value per year
ANICO Strategy Indexed AnnuityIndexed to the S&P 500 – Upgrades . . . • Totally Innovative Riders: Return of Premium Rider • Gtd. Min. SV = Initial Premium – Withdrawals • Must be added at issue • Cannot be Dropped • Cost will be a reduction in the declared cap rate • Current reduction is .50%
ANICO Strategy Indexed AnnuityIndexed to the S&P 500 – Commissions • Commissions WITHOUT Trails: • ‘ASIA’ 10 • 8%, Ages 0-75 • 6.5%, Ages 76-80 • 5%, Ages 81-85 • ‘ASIA’ 7 • 5%, Ages 0-75 • 4%, Ages 76-80 • 3%, Ages 81-85
ANICO Strategy Indexed AnnuityIndexed to the S&P 500 – Commissions • Commissions WITH Trails: • ‘ASIA’ 10 • 5.5%, Ages 0-75 • 4.0%, Ages 76-80 • 2.5%, Ages 81-85 • ‘ASIA’ 7 • 3%, Ages 0-75 • 2%, Ages 76-80 • 1%, Ages 81-85 • TRAILS = .35% to the writing agent
ANICO Strategy Indexed AnnuityIndexed to the S&P 500 - As of 6/15/06 . . . • Minimum Guaranteed Surrender Value is based on a Minimum Guaranteed Interest Rate (MGIR) based on 90% of premium • Indexed Interest Account • ASIA 10: @ 3.00% • ASIA 7: @ 2.65% • Fixed Interest Account • ASIA 10: @ 3.00% • ASIA 7: @ 3.00%
ANICO Strategy Indexed AnnuityIndexed to the S&P 500 – As of 6/15/06 . . . • Annually Declared Cap Rates Are: • ASIA 10 = 7% • ASIA 7 = 7.5% • Fixed Interest Bucket is Crediting: • ASIA 10 = 3.75% • ASIA 7 = 4.05%
ANICO Strategy Indexed AnnuityIndexed to the S&P 500 – State Approvals • ASIA Both the 7 and the 10: AL, AK, AZ, CO, DE, DC, FL, GA, HI, ID, IL, IN, IA, KY, LA, ME, MI, MS, MO, NE, NH, NJ, NM, OH, RI, SC, SD, VA, WV, WY
So, be on the look-out for “ASIA”, the next BEST Equity Indexed Annuity
Why Do Your Business with American National? • Agent Focused Company: Knowledgeable/Friendly Staff • Additional Support thru Field Support Ctr. • Innovative ‘Market-Driven’ Approach • One of the Industry’s Financially Strongest • Dedicated 1035 Exchange Unit • Reciprocal Non-Resident Appointments in all but 10 states for overrides • Great annuity and life products OUR SUSTAINABLE COMPETITIVE ADVANTAGE: SERVICE
American National Insurance Company • Thanks for your interest in American National and especially your business! • We look forward to a long and profitable relationship with you.
