American National (ANICO) is currently in a period of consolidation of its life insurance across all the family of companies. With that said, American National of Texas (ANTEX) will no longer be offering the Signature Term and Living Guaranteed Option Universal Life. These two products are already available with American National as the Signature Term and the Signature Guaranteed Universal Life. So, agents can still sell the same product with the same features, but instead of it being an ANTEX policy, it will be an ANICO policy.
The Signature Term will be phased out completely on October 1st of 2018. All policies will need to be submitted before 10/10/2018 and have to be dated before 9/30/2018.
The Living Guaranteed Option UL phase out does not have an official date yet but it is expected to occur first quarter of 2019. There will be an announcement made closer to that time and the information will be provided at that point.
This does not mean you have to stop writing these plans as we can appoint you with ANICO if you are not already appointed.
If you are unsure if you are contracted with both ANTEX and ANICO, please reach out to Marta Warren at 800-252-4002 so it can be verified.
If you are appointed with ANTEX only, we will appoint you at the same level with ANICO. Your ANTEX appointment will not be voided as the Strategy Whole Life will still remain active and with ANTEX. A new ANTEX Strategy Whole Life product is tentatively set with a January 1st release date. The Answer Plan and Limited Benefit Health Plans will not be impacted and will still be available for sale.
If you have a special arrangement with ANTEX, please contact Paul Harrington at 409-681-4542.
We appreciate your business and look forward to working with you more in the future!
Till next time,