American National (ANICO) No Exam Life Insurance Review: Policy Options, Quotes, & How to Apply

American National Life Insurance Company (ANICO), a top-rated life insurance carrier, has some of the most affordable no physical exam, term life insurance rates in the United States.

Currently, American National offers term coverage of up to $250,000 with no medical exam, via their “Xpress” product. They have a convenient online application that accepts e-signatures to make the application process quick and easy.

Additionally, American National has introduced another no exam life insurance product called, “Xpress Plus.” Xpress Plus offers life insurance for up to $1,000,000 and does not automatically require a medical exam.

As with any big decision, it’s important to understand your no physical life insurance options before moving forward.

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Table Of Contents

1. American National Company History
2. ANICO Xpress No Exam Life Insurance Policy Review
3. ANICO Xpress Plus No Exam Life Insurance Policy Review
4. How Much Does No Exam Life Insurance with American National Cost?
5. How to Apply for Life Insurance with ANICO

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American National Company (ANICO) History

American National (ANICO) was founded in 1905, under William L. Moody, Jr. Moody believed in, “strong management, prudent investment, and financial strength”, values that still resonate at ANICO to this day.

While ANICO is a publicly-traded company, the Moody family controls the company’s stock majority.

ANICO is headquartered in Galveston, Texas and has been in business for over 50 years.

They offer a number of financial products, including “life insurance, retirement annuities, accident and health insurance, pension plan products and services, credit insurance, and property/casualty insurance for personal lines, agribusiness and targeted commercial exposures”.

Interesting fact: In 2017, ANICO was voted by Forbes as one of “America’s Most Trustworthy Financial Companies”.

Financial Strength Rating: “A” (A.M. Best, 2017)

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ANICO Xpress No Exam Life Insurance Policy Review

Take note of the product details to determine if it is a good fit for your needs.

*Subject to change

Some of the most important features to consider when purchasing a life insurance policy are:

• Wait time – What’s the application turnaround time for your policy to be issued?
• Issue ages – What is the age range of applicants the life insurance company is willing to insure?
• Policy amount – What is the policy face amount I want to purchase?
• Policy length – How many years can my policy last?
• No Exam – What is the company’s no physical exam underwriting process?

How does ANICO Xpress measure up? Let’s look at the 5 features of the Xpress Policy.

1. The ANICO Xpress Policy Provides Quick Approval

Applicants in overall good health can expect to have an application turnaround time of about 72 hours.

If follow-up questions are needed on your application, the turnaround time will take longer.

2. ANICO Xpress Policy is Available Up to Age 65

ANICO Xpress issues no physical term life insurance to applicants between the ages of 0 – 65 years old. Think of this age range as standard for most non-med carriers.

Note: If you are older than age 65, consider your options for no exam life insurance for seniors.

3. ANICO Xpress Policy Amounts are Available from $50,000 – $250,000

Your policy face amount can range from $50,000 – $250,000

Note: For a policy smaller than $50,000, consider Phoenix Life or Fidelity Life – as their policy face amounts begin at $25,000.

4. The Xpress Policy has 4 Term Length Options

ANICO Xpress offers policies for term lengths of 10, 15, 20, and 30 years – these are standard term lengths. Age limits exist.

5. The Xpress Policy Requires No Medical Exam

It’s important to clarify the process a carrier uses to issue no physical life insurance because they can vary.

Xpress applications are simple and straightforward.

Steps Included

1. Phone interview including questions about:
   1. Basic information: date of birth, gender, height, weight, etc.
   2. Medical history
   3. Medical history of close, blood-related family members (ex., siblings, parents)
   4. Lifestyle
   5. Occupation
   6. Military service
2. Records review:
   1. Medical Information Bureau (MIB) – database of previous insurance applications
   2. Pharmacy records
   3. Driving record

Steps NOT Included

1. Medical exam
   • Note – sometimes a medical exam will need to be ordered based on your health history (typically if a serious health condition exists).
2. Attending Physicians Statement (APS) – a message from your physician about your health
   • Note – sometimes APS are ordered if the underwriter requests it (that’s who evaluates applications).

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ANICO Xpress Plus No Exam Life Insurance Policy Review

American National’s Xpress Plus offers larger face amounts.

Let’s look at the 5 features of the Xpress Plus Policy below.

1. The ANICO Xpress Plus has Fast Approval

Xpress Plus application turnaround times are similar to their Xpress product – about 72 hours, as long as you qualify to skip the medical exam.

If you are required to take a medical exam, weeks could be added to the application timeline.

2. ANICO Xpress Plus Policy is Available Up to Age 60

Xpress Plus issues life insurance to applicants between the age of 0 – 60. The age cutoff of 60 is 5 years younger than their Xpress products.

3. ANICO Xpress Plus Policy Amounts are Available from $250,001 – $1,000,000

Xpress Plus policy face amounts are larger. Polices are available for $250,001 – $1,000,0000.

Note: Age limits exist for the face amount you are able to purchase:

• Ages 0 – 50: $250,001 – $1,000,000
• Ages 51 – 60: $250,001 – $500,000

4. The Xpress Plus Policy has 4 Term Length Options

Term policies can be purchased for 10, 15, 20, and 30 years (age limits exist).

5. Xpress Plus Requires No Medical Exam

Xpress Plus is a no physical exam process for those that qualify.

Let’s take a close look at the steps:

1. Phone interview including questions about:
   1. Basic information: date of birth, gender, height, weight, etc.
   2. Medical history
   3. Medical history of close, blood-related family members (ex., siblings, parents)
   4. Lifestyle
   5. Occupation
   6. Military service
2. Records review:
   1. Medical Information Bureau (MIB) – database of previous insurance applications
   2. Pharmacy records
   3. Driving record
   4. Risk Classifier –  public records collected from multiple sources

Based on steps 1 and 2, there are a few possible outcomes:

• You are approved for Xpress Plus and will not participate in a medical exam – this is best case scenario OR
• Your application answers (let’s say, for example, you are a cancer patient or have rheumatoid arthritis) prompt the need for a physical OR
• Your records review (for example – multiple citations driving record) prompt the need for a physical.

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How Much Does No Exam Life Insurance with American National Cost?

Keep in mind, quotes are samples only and are based on healthy, non-tobacco rates.

Note: Carriers that offer 20-year no exam term life insurance after age 60 include:

• Sagicor Life Insurance
• Phoenix Life Insurance

ANICO’s Products Have Level Premiums

All of American National’s products have level premium payments so rates will never go up during the term of your policy. They have the ability to customize covered with living benefits riders that payout during the policy term.

You can also convert to a permanent policy with no evidence of insurability during your policy’s term.

Also, consider riders: Each policy has a terminal illness rider so that if you become terminally ill with less than a year to live, you can access 50% of your death benefit to use for anything you want.

Remember that life insurance companies look at your situation differently so American National won’t always be the best option, but many times it is.

At Nophysicaltermlife.com we help a lot of people get the best rates on their life insurance and consider ourselves the best in the nation when it comes to life insurance that doesn’t require a medical exam.

American National is very easy to work with and their technology is some of the best in the nation.

We’re able to contact underwriters directly, which is a huge benefit for you because we can get clarity on every case and the potential outcome before a decision is made.

More than anything else, the reason we offer American National Life Insurance is because of their no medical exam process, stellar reputation, and ease to do business with.

If they’re competitive for your situation, we absolutely recommend them.

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How to Apply for Life Insurance with ANICO

There are two steps you need to take in order to find the best no exam life insurance policy to fit your needs.

1. Partner Up – This is most important. You need an expert independent agent to collaborate with. An independent agent is not held captive to a particular life insurance company. That way, your best interest is at heart and you will have access to all the top non-med life insurance carriers.
2. Prepare – Be ready to communicate effectively during the application process. This means writing down information about your medical history, medications, and lifestyle so that your answers are readily available.