Foresters Financial vs American National Insurance Company
Comprehensive side-by-side comparison of indexed universal life insurance companies
Foresters Financial
Founded: 1874
Buffalo, NY (U.S.); Ontario, Canada
Assets
$2.6+ billion AUM; RBC Ratio: 451%
IUL Experience
10+ years
Products
2
Avg Cap Rate
8.5%
Key Strengths
150+ year history
Fraternal benefit society - member benefits include scholarships, grants, wellness programs
$31.2 million in social good impact (2023)
Diabetes coverage (non-med up to Table 12)
Backed by Sumitomo Life - $330B+ combined assets
American National Insurance Company
Founded: 1905
Galveston, Texas
Assets
$30 billion
IUL Experience
15+ years
Products
1
Avg Cap Rate
9.5%
Key Strengths
120+ year history
Newsweek: 'America's Most Trustworthy Companies'
Forbes: 'America's Best Insurance Companies'
82 consecutive years financial strength recognition
Operates in all 50 states
Detailed Feature Comparison
| Feature | Foresters Financial | American National Insurance Company |
|---|---|---|
| Founded | 1874 | 1905 |
| Headquarters | Buffalo, NY (U.S.); Ontario, Canada | Galveston, Texas |
| Assets Under Management | $2.6+ billion AUM; RBC Ratio: 451% | $30 billion |
| Years in IUL Business | 10+ years | 15+ years |
| Number of IUL Products | 2 | 1 |
| Typical Cap Rate Range | 7% - 10% | 8% - 11% |
| Participation Rates | 110% | 110% |
| Minimum Premium | $3,600 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 3-4 weeks standard | 3-4 weeks standard |