This site contains electronic prospectuses that explain, in detail, American National's variable products, including all insurance fees and charges. Variable products are securities products registered with the U.S. Securities and Exchange Commission, and are sold by prospectus only. All investors are advised to consider the investment objectives, risks, charges and expenses of the investment company carefully before investing. This and other important information about the investment company is contained in the prospectus. It should be read carefully before investing.
WealthQuest® III Variable Products involve investment risk, including the possibility of negative rates of return. The rates of return are not guaranteed and will fluctuate, and shares may be worth more or less than their original cost when withdrawn. The death benefit guarantee is subject to the claims-paying ability of the insurance company and does not extend to the Separate Account. American National Insurance Company is the issuer of its variable products, which are distributed through a subsidiary broker-dealer, ANICO Financial Services, Inc. (ANFS). Registered Representatives are required to provide you the information contained in a variable product prospectus before engaging in the discussion of any sale of variable products. Products and certain benefits may not be available in all states.
American National's variable products feature a variety of investment options, from some of America's most well-known and respected money management companies. Information regarding the participating money management companies and their investment options can be accessed by clicking on "Return to Prospectus Link Investment Options" at the top of the Investment Options page. WealthQuest® III Variable Universal Life combines the flexibility of universal life insurance with investment options. Refer to the WealthQuest® III Variable Universal Life Plan Prospectus for greater detail.
Premium payments will be reduced by a premium charge not to exceed 6%. The monthly charge deducted from the contract's accumulation value that consists of a monthly maintenance fee of $7.50, a cost of insurance charge, a monthly expense charge per $1,000 of Specified Amount based upon the issue age, risk class and Death Benefit Guarantee coverage period and a charge for any insurance riders chosen. There is a daily asset charge equal to .70% annually of the average daily accumulation value of each subaccount. Currently, after the first 15 Contract Years the daily asset charge is 0.00%. The cost of rider(s) will be a rate per $1,000 of specified amount. The surrender charge is applicable for 15 years, and 15 years from the effective date of any increase in specified amount.
Expenses, cost of insurance and earnings credited to the Separate Account are all explained in greater detail in the contract. In addition, the owner will receive a detailed annual report itemizing all of the transactions during the year, including starting value, premium paid, expense charges, cost of insurance deducted, earnings credited to the Separate Account, partial withdrawals or loans, and ending balance.
American National is committed to providing all you need to make an informed financial decision. We think this method of delivering financial services information will allow us to enhance that commitment. However, you may request paper copies of these prospectuses by calling (800) 772-2372.
American National's variable products are issued by American National Insurance Company, One Moody Plaza, Galveston, Texas 77550-7999, (409) 763-4661.
American National's variable products are distributed by ANFS, One Moody Plaza, Suite 1423, Galveston, Texas 77550. Member FINRA.