American National Insurance Company vs Lincoln Financial (The Lincoln National Life Insurance Company)
Comprehensive side-by-side comparison of indexed universal life insurance companies
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
Lincoln Financial (The Lincoln National Life Insurance Company)
Founded: 1905
Radnor, Pennsylvania
Assets
$321 billion in end-of-period account balances
IUL Experience
20+ years
Products
6
Avg Cap Rate
10.00%
Key Strengths
NEW Elite Indexed Universal Life Portfolio (2025)
New Multiplier Riders for enhanced performance
Dual IUL designs for different optimization approaches
120-year-old company
Serves 17 million customers
Detailed Feature Comparison
| Feature | American National Insurance Company | Lincoln Financial (The Lincoln National Life Insurance Company) |
|---|---|---|
| Founded | 1905 | 1905 |
| Headquarters | Galveston, Texas | Radnor, Pennsylvania |
| Assets Under Management | $30 billion | $321 billion in end-of-period account balances |
| Years in IUL Business | 15+ years | 20+ years |
| Number of IUL Products | 1 | 6 |
| Typical Cap Rate Range | 8% - 11% | 9.50% - 10.50% |
| Participation Rates | 110% | 105% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 3-4 weeks standard | 2-4 weeks standard |