American National Insurance Company vs Voya Financial
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
Voya Financial
Founded: 1991
New York, NY
Assets
$458 billion+ AUM
IUL Experience
5+ years
Products
5
Avg Cap Rate
9%
Key Strengths
Offers 5 IUL products
NOTE: Individual sales discontinued 2019-2020; primarily group/workplace only
Orange Pass accelerated underwriting
Detailed Feature Comparison
| Feature | American National Insurance Company | Voya Financial |
|---|---|---|
| Founded | 1905 | 1991 |
| Headquarters | Galveston, Texas | New York, NY |
| Assets Under Management | $30 billion | $458 billion+ AUM |
| Years in IUL Business | 15+ years | 5+ years |
| Number of IUL Products | 1 | 5 |
| Typical Cap Rate Range | 8% - 11% | 8% - 10% |
| Participation Rates | 110% | 110% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 3-4 weeks standard | Orange Pass: 5 business days |