American National Announces New Indexed Product with New Indices and Strategies
01 Luglio 2021 - 4:00PM
American National is enhancing and expanding its portfolio of
industry leading indexed universal life products. Signature
Protection IUL provides a new, safe, and effective means for
customers to leave their loved ones a legacy. It can also serve as
an emergency or supplemental retirement fund with cash value
available if circumstances change. Signature Protection is unique
in the way of indexed universal life products as it will offer
guaranteed death benefit protection from ages 80 to 121. Signature
Protection IUL retains several popular features seen in our other
indexed products such as Accelerated Underwriting and various loan
options. This product also includes, at no additional premium,
Living Benefits covering chronic, critical, and terminal illness in
the form of Accelerated Benefit Riders.
Signature Protection IUL offers five index crediting strategies.
These strategies will be based on the performance of the S&P
MARC 5% Excess Return Index, Nasdaq-100® Index, and the S&P
500® Index.
David A. Behrens, Executive Vice President of American National
Insurance Company stated, “This product offers a competitive
alternative to other indexed products on the market. Protection can
help provide financial stability while also allowing flexibility to
consumers with various financial goals.”
S&P 500® Index
The S&P 500® is a capitalization weighted index that tracks
the performance of 500 large companies listed on US stock
exchanges. The S&P 500® is widely regarded as the best single
gauge of large-cap U.S. equities. There is over USD 11.2 trillion
indexed or benchmarked to the index, with indexed assets comprising
approximately USD 4.6 trillion of this total. The index includes
500 leading companies and covers approximately 80% of available
market capitalization. The companies that are tracked are selected
by committee and must meet certain criteria before making the list
of eligible companies.
S&P MARC 5% Excess Return Index (S&P MARC 5%
Index)
The S&P MARC 5% Index is a derivative index of the S&P
500® designed to manage market volatility. The S&P MARC 5%
(Multi-Asset Risk Control) Index seeks to provide multi-asset
diversification within a simple risk weighting framework, tracking
three underlying component indices that represent equities,
commodities, and fixed income. For purposes of the S&P MARC 5%
Index, an excess return version of the S&P 500® is calculated
from the S&P 500® Total Return Index and is used as the
underlying equities component index. The weighted strategy is
rebalanced daily to maintain a target volatility of 5%. In
low-volatility environments, the S&P MARC 5% Index risk control
mechanism increases market exposure to riskier assets by increasing
the allocation to the index (up to a leveraged position of
150%).
Nasdaq-100 Index®
The Nasdaq-100 Index® is a modified market capitalization
weighted index that tracks the performance of 100 of the largest
domestic and international non-financial companies listed on The
Nasdaq Stock Market® based on market capitalization. The index
reflects companies across major industry groups including computer
hardware and software, telecommunications, retail/wholesale trade
and biotechnology. It does not contain securities of financial
companies including investment companies. The companies selected
are based on an annual ranking of all eligible companies listed on
The Nasdaq Stock Market®. The value for this index is published
multiple times a day and includes an opening market value and a
closing market value.
About American NationalAmerican National Group,
Inc. is the parent company of the American National companies,
which include American National Insurance Company and its insurance
affiliates. American National Insurance Company, founded in
1905 and headquartered in Galveston, Texas, is licensed 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, pension products and property
and casualty insurance for personal lines, agribusiness and certain
commercial exposures. The American National companies operate in
all 50 states.
For corporate and investor relations information, please visit
the website of American National at www.AmericanNational.com.
Contact: Traie Franklin (888) 501-4043
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