GLENMONT, N.Y., Sept. 1, 2015 (GLOBE NEWSWIRE) -- American National Life Insurance Company of New York announces two new indexed annuity products, ASIA PLUS 7 and ASIA PLUS 10, available September 1, 2015. Each innovative annuity product provides up to six potential interest crediting strategies to better fit a client's interest and needs.
ASIA PLUS 7 & 10 provide the opportunity to earn an interest based upon the performance of the S&P 500® Index without the client being directly invested in the Index. These annuities provide the opportunity to earn a higher interest rate than fixed annuities. The Client will never lose principal if the S&P 500® Index loses value. The indexed interest crediting strategies will always be credited at a minimum guaranteed interest rate.
David A. Behrens, President and COO of American National Life Insurance Company of New York stated, "ASIA PLUS 7 and 10 provide the client the flexibility to have multiple strategies in the same annuity, allowing the client to strategize the placement of premium and change their strategies as their situation changes."
ASIA PLUS 7 & 10 offer multiple features to assist clients in various stages of life.
About the Company
American National Life Insurance Company of New York headquartered in Glenmont, New York, was founded in 2009 and is licensed to conduct the business of insurance in New York only. American National Life Insurance Company of New York offers a broad line of products and services, which include life insurance and annuities.
American National Life Insurance Company of New York ("American National") has been evaluated and assigned the following ratings by nationally recognized, independent rating agencies. The ratings are current as of June 2014
|A.M. Best 1||A|
|Standard & Poor's 2||A|
Ratings reflect current independent opinions of the financial capacity of an insurance organization to meet the obligations of its insurance policies and contracts in accordance with their terms. They are based on comprehensive quantitative and qualitative evaluations of the company and its management strategy. The rating agencies do not provide ratings as a recommendation to purchase insurance or annuities. The ratings are not a warranty of an insurer's current or future ability to meet its contractual obligations.
Ratings may be changed, suspended, or withdrawn at any time. For the most current ratings view the full rating reports on American National's Internet site at www.anicony.com.
1 A.M. Best's active company rating scale ranges from A++ (Superior) to D (Poor).
2 Standard & Poor's active company rating scale is: AAA, AA, A, BBB, BB, B, CCC, and CC. Ratings from 'AA' to 'CCC' may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.
For more information, including company news and investor relations information, visit the company's web site at www.anicony.com.
Contact our Field Support Center at 877-755-2667
Indexed strategies earn interest related to the performance of the S&P 500® Index. The amount of interest an indexed strategy earns depends on a number of factors including: index performance, participation rate, cap, segment term, and the minimum guaranteed interest rate for indexed strategies. The performance of the index cannot be predicted over any given period of time. Past history of the Index is no guarantee of future performance. There is not one particular interest crediting strategy that will deliver the most interest under all economic conditions. American National and its agents do not make any recommendations regarding the selection of indexed strategies. American National and its agents do not guarantee the performance of any indexed strategies.
The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by American National Life Insurance Company of New York. S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by American National. American National's products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.
CONTACT: Angie Hitchman PH: 888.501.4043
Source:American National Insurance Company