American National Life Insurance Company of New York Introduces an Indexed Universal Life Policy with an Interest Rate Enhancement now available in New York – Signature Plus Indexed Universal Life Insurance

GLENMONT, N.Y., May 02, 2016 (GLOBE NEWSWIRE) -- American National Life Insurance Company of New York (American National) announces the Signature Plus Indexed Universal Life Insurance (IUL) is now available [May 1, 2016] in the state of New York. This innovative life insurance product offers death benefit protection, four indexed crediting strategies, a fixed account, and an interest rate enhancement.

Signature Plus IUL can provide the opportunity to earn interest based upon the performance of the S&P 500® Index without the client being directly invested in the Index. Therefore, the accumulation value will never decrease based on the fluctuations of the S&P 500® Index as all four of the indexed interest crediting strategies have a built-in floor. One of the Indexed Strategies currently has a declared floor of 1.5% so that strategy can earn interest even in the event of a decrease in the index.* Another indexed crediting strategy provides an uncapped strategy with an interest rate spread for greater crediting potential in rising markets.

Signature Plus IUL will enhance returns for loyal customers beginning in the 11th year. An interest rate enhancement up to 1% will begin in year 11 and continue for the life of the policy. This may increase the rate credited to the sweep account, fixed account, and maturing indexed interest crediting strategies which may lead to growth of long term accumulation values. Signature Plus IUL can provide clients the life insurance protection their families need with the opportunity to increase accumulation value for future emergencies, college education or supplemental retirement income. This product also includes, at no additional premium, the Accelerated Benefit Rider for Terminal Illness. In the event of being diagnosed with an illness that is expected to result in death within 12 months, the policy owner will be eligible to accelerate a portion of their death benefit in advance. An administrative fee (not to exceed $300) will be deducted from the initial Accelerated Benefit.

David A. Behrens, President and Chief Operating Officer of American National Life Insurance Company of New York stated, “American National’s Signature Plus IUL now offers New York clients an interest rate enhancement along with the extra control over the placement of their premium in various indexed strategies or fixed account all while protecting their family’s future.”

Financial Strength Ratings

American National Life Insurance Company of New York has been evaluated and assigned the following ratings by nationally recognized, independent rating agencies. The ratings are current as of [September 2015].

A.M. Best1 A

“An excellent ability to meet their ongoing insurance obligations”

Standard & Poor’s2 A

“Strong capacity to meet financial commitments but somewhat susceptible to adverse economic conditions and changes in circumstances”

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 visit American National Life Insurance Company of New York Internet site at

1 A.M. Best’s active company rating scale is: A++ (Superior), A+ (Superior), A (Excellent), A- (Excellent), B++ (Good), B+ (Good), B (Fair), B- (Fair), C++ (Marginal), C+ (Marginal), C (Weak), C- (Weak) and D (Poor).

2Ratings 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 a full list of Standard & Poor’s active company rating scale visit

Contact our Field Support Center at 877-755-2667

The Signature Plus Indexed Universal Life Insurance policy is not a registered security or stock market investment and does not directly participate in any stock or equity investment or index. When an individual purchases the policy, the individual is not buying an ownership interest in any stock or index. Past history of the index is no guarantee of future performance.

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. There is not one particular interest crediting strategy that will deliver the most interest under all economic conditions.

*The accumulation value may decrease due to the monthly deduction regardless of the interest rate credited for any particular strategy.

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.

Policy Form Series: IUL14(NY); IRER15(NY); ULPTP14(NY); ULSR14(NY); ULNC14(NY); ABD11(NY)


Contact: Angie Hitchman PH: 877-755-2667

Source:American National Insurance Company