American National Releases New ‘Lifetime Guaranteed’ Universal Life:  “ANICO LTG UL”

On July 10, 2006, American National introduced it’s new entrant into the guaranteed UL market with “ANICO LTG UL”, a very competitive new universal life product offering a lifetime guarantee death benefit, for the lowest available premium, for life.  The coverage is guaranteed for life as long as that designated premium is paid, and continues to be paid, at each policy anniversary date.  A level Death Benefit (Option A) will be the only Death Benefit Option available.

The minimum face amount for the ANICO LTG Universal Life will be $100,000, and there will be four premium bands:

·          $100,000 - $249,999

·          $250,000 - $499,999

·          $500,000 - $999,999

·          $1,000,000 and over

It features six underwriting classifications: 

·          Preferred Plus Non-Nicotine User

·          Preferred Non-Nicotine User

·          Standard Plus Non-Nicotine User

·          Standard Non-Nicotine User

·          Preferred Nicotine User

·          Standard Nicotine User

So is it competitive?  You bet it is . . . check out these sample rates:

·          Male, Age 55, Preferred Non-Nicotine, $500,000:  $6,150

·          Male, Age 65, Standard Non-Nicotine, $500,000:  $13,200

·          Male, Age 75, Standard Non-Tobacco, $1,000,000:  $42,590

·          Male, Age 63, Preferred Tobacco, $1,500,000:  $45,514

·          Male, Age 83, Standard Non-Tobacco, $1,000,000:  Avg. Premium = 71,694

Where’s the ‘Sweet-Spot’?

·          Annually re-occurring premium cases

·          Little or no lump-sum/1035 premium

·          Older ages

·          Great smoker rates

·          $500,000 Face or higher

·          Oh yeh, and commissions . . . lifetime guaranteed premiums are fully commissionable generally thru age 75 AND

·          ANICO pays full commissions thru table 6!

Contact an ABS Representative today at 888-227-3131 to receive your product kit and software so you can start to run quotes and offer one of the most competitive new guarantee UL products in the industry.