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fixed annuities

Traditional Fixed Annuity Details

Product Name

Century Plus

Annuity Type

Traditional Fixed 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 Century Plus is a deferred traditional fixed annuity issued by American National Insurance Company.

This annuity is a premium banded product. The interest rate you earn will vary depending on the amount of premium you deposit (see Rate Details below). Currently, the highest first year yield is 9.10% (including bonuses if applicable) on premium amounts of $100,000 - $3,000,000. The highest 10 year term current annual yield is 4.59% (including bonuses if applicable) on premium amounts of $100,000 - $3,000,000. This assumes that the current base interest rate remains unchanged up to the first penalty free full withdrawal window, which is not guaranteed. The Century Plus has a full penalty free withdrawal window after 10 years.

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contract year, and each year thereafter, this annuity provides up to 10% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.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: $100,000 - $3,000,000 High-Band

First Year Yield: 9.10%
10 Year Term Current Annual Yield: 4.59%
10 Year Term Guaranteed Annual Yield: 2.64%
Interest rate start of year 1 through end of year 1: 9.10%
Current Base Interest Rate: 4.10%
Guaranteed Minimum Interest Rate: 1.95%

Premium Amount: $5,000 - $99,999 Low-Band

First Year Yield: 9.00%
10 Year Term Current Annual Yield: 4.49%
10 Year Term Guaranteed Annual Yield: 2.63%
Interest rate start of year 1 through end of year 1: 9.00%
Current Base Interest Rate: 4.00%
Guaranteed Minimum Interest Rate: 1.95%

Initial Surrender Charge and MVA Periods

10 years

10 years

10 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: Surrender Charge Period is reduced to 9 years. No Market Value Adjustment (MVA).