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fixed annuities

Fixed Indexed Annuity Details

ANICO Strategy Indexed Annuity PLUS 7

Product Name

ANICO Strategy Indexed Annuity PLUS 7

Annuity Type

Fixed Indexed Annuity

Issuing Insurance Company and Ratings

(3rd of 15 ratings)
(6th of 20 ratings)
Not Rated
(6th of 21 ratings)
(percentile of rated companies)

Product Information

The ANICO Strategy Indexed Annuity PLUS 7 is a deferred fixed indexed annuity issued by American National Insurance Company.

When your full premium deposit is allocated to the fixed interest account, the current first year yield (including bonus if applicable) is 4.25% (see Rate Details below).

You can also allocate your premium between various strategy and index account options. For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356.

An income rider is available that provides the option of activating a guaranteed lifetime income stream at a future date. The income payments cannot be outlived and your contract does not need to be annuitized.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning with the first contract year, and each year thereafter, this annuity provides up to 10% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

American National Insurance Company is rated “A” by A.M. Best, was founded in 1905, and has over $23.7 billion in total assets.

Rate Details

Premium Amount: $5,000 - $3,000,000

Fixed Account First Year Yield: 4.25%
Fixed Account Current Interest Rate: 4.25%
Fixed Account Guaranteed Minimum Interest Rate: 2.95%
Index Accounts - Annual Cap and Participation Rates:
Any Index - Highest Participation Rate: 205.00%
S&P 500 - Point-to-Point Cap: 9.50%
S&P 500 - Participation Rate: 45.00%

Initial Surrender Charge and MVA Periods

7 years

7 years

7 years

State variations may exist, refer to product disclosure for details.

Policy Details

Penalty Free Withdrawal Provisions

Annuitization, Confinement, Death, Disability and Terminal Illness

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  NY (as of 07/23/2018)

For CA and FL: No Market Value Adjustment (MVA)


Lifetime Income Rider availability varies by state.