North American Company for Life and Health Insurance vs American National Insurance Company
Comprehensive side-by-side comparison of indexed universal life insurance companies
North American Company for Life and Health Insurance
Founded: 1886
West Des Moines, Iowa (new HQ 2021); Sioux Falls, SD (also listed)
Assets
$35 billion
IUL Experience
20+ years
Products
4
Avg Cap Rate
11%
Key Strengths
Superior crediting performance (#1 in distribution testing)
Fixed Interest Participating Policy Loans with 2.0% bonus
Protected Death Benefit - unique guaranteed portion feature
Free acceleration of death benefits for critical/chronic/terminal illness
Over 600,000 policies and annuities
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 | North American Company for Life and Health Insurance | American National Insurance Company |
|---|---|---|
| Founded | 1886 | 1905 |
| Headquarters | West Des Moines, Iowa (new HQ 2021); Sioux Falls, SD (also listed) | Galveston, Texas |
| Assets Under Management | $35 billion | $30 billion |
| Years in IUL Business | 20+ years | 15+ years |
| Number of IUL Products | 4 | 1 |
| Typical Cap Rate Range | 10% - 11% | 8% - 11% |
| Participation Rates | 100% | 110% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard | 3-4 weeks standard |