American National (ANICO) Guaranteed Universal Life Insurance Review

Compare the best companies offering guaranteed universal life insurance in 2023. 

Quick Summary: A very solid company with a strong GUL product. The premiums are on the low side for most scenarios but you will need to qualify and they do have some areas of underwriting that can be tricky. The included guaranteed cash out rider allows you to have your premium payments refunded later in life if you choose.

About the Company - American National

Anico guaranteed universal life insurance policy

ANICO got its start in Galveston, Texas in 1905 and has been growing ever since. Originally life insurance only, they have expanded into the annuities, property and casualty, and health insurance markets as well.

If you are purchasing a life insurance policy, you want to feel safe the company is going to be around in the future to pay out any death claims. American National is a highly rated company for financial stability. Rating agency A.M. Best assigns an "A" grade which is considered excellent.

The American National insurance company carries an A+ rating with the Better Business Bureau and was also recognized by Forbes as one of it's "100 Most Trustworthy Companies"

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What is Guaranteed Universal Life Insurance? (expand to learn more)

About the American National Guaranteed Universal Life Insurance Policy

Product Name

Signature Guaranteed UL

Death Benefit

$25,001 to No Set Maximum


18 to 80

Coverage Length

To age 95, 100, 105, or 121

American National Underwriting Secrets

American National is no different than most carriers when it comes to underwriting. They are good for some health issues and a poor choice for others. Overall, we consider them to be middle of the pack in terms of lenient vs strict.

For applicants up to age 65 applying for up to $250,000 coverage, you may qualify for their Underwriting Express program which means no medical exam and a quicker approval timeline.


The secret to finding the cheapest life insurance rates is applying at the company that will view you most favorably.  Just going with the one that shows the lowest rates can be a BAD idea and end up costing you more money.

Anico underwriting is competitive and forgiving for the following situations:

  • Kidney disease  
  • Type 1 diabetics up to a1c levels of 10%
  • Tobacco users
  • Well controlled sleep apnea

Anico may NOT be a good choice for:

  • History of a stroke
  • People who have undergone weight loss surgery

Cost - Sample Rates

Sample American National guaranteed universal life insurance quotes:

53-year-old male at Preferred health class - pricing listed is per month

Death Benefit

to Age 95

to Age 105

to Age 121













47-year-old female at Preferred health class - pricing listed is per month

Death Benefit

to Age 95

to Age 105

to Age 121













Our custom quote tool on this page displays only guaranteed universal quotes so you can cut through the clutter. Please note that some carriers do not allow us to display their rates online. We will discuss if there are other options that might be a better fit.

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Guaranteed cash out option to return your premiums later in life

Low priced premiums compared to many carriers, assuming you can qualify

Express underwriting program to possibly skip the need for a medical exam


Certain health issues will be rated down resulting in much higher rates

Extras, Options, and Flexibility

American National includes some benefits and features with its GUL product and then offers additional riders to enhance the policy depending on the needs of the policy owner.

Automatically Included at No Extra Cost

Late Payment Forgiveness - Premium payments can be made up to one month late without negatively affecting the lapse date. This is different from some companies who penalize you for just a few days late. 

Accelerated Benefit Riders - Access a portion of the death benefit while the insured is still living. This requires a qualifying diagnosis of a terminal, chronic, or critical illness. The death benefit will be reduced by the amount distributed early. The maximum death benefit available for acceleration is $2M up to age 65 and $1M over age 65.

Guaranteed Cash-Out Rider - If life changes down the road and you no longer need the insurance coverage, turn in your policy for a portion or all your premiums returned to you. You can exercise this option during a 60-day window following the 15th, 20th, or 25th policy anniversaries.

Premium and Guarantee Flexibility - Policy is dialable for the guarantee age, annual premium, and death benefit.

options for changing death benefit on guarantee on American National guaranteed universal life insurance policy


Additional Options - At a Cost

Customize the ANICO guaranteed universal policy to your need by adding these riders at a cost: 

Disability Waiver of Stipulated Premium - If the insured becomes totally disabled for a period of at least 6 months, this rider will waive the monthly premiums. Available on death benefit amounts up to $2,000,000.

Children's Term Rider - Ability to add level term insurance to any children age 15 days to 18 years.

How To Make Sure You Choose the Right Universal Life Insurance Policy

The best advice I can give is to always work with an independent agent. If you call a company direct, they'll only push their products on you, and you save nothing. Rates are fixed by your state laws.

Life insurance is the ONLY thing we do. We know the ins and out of 60+ companies and can find you the lowest rates. Every. Single. Time.

To get started, fill out a quote request and we'll be in touch soon to help.

independent life insurance agents helping to secure affordable life insurance coverage

No pressure or cost to use our help.

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  • Ty Stewart

    Ty Stewart is a founder and contributor of He started researching and studying about life insurance when he got his first policy for his own family. He has been featured as a life insurance expert speaker at agent conventions and in top publications. As an independent licensed life insurance agent he has helped clients nationwide to secure affordable coverage while making the process simple.

  • Bennett Bier

    I’m Bennett Bier, owner, author and fact checker of Simple Life Insure. I believe working with a small independent broker offers consumers more personal attention and superior customer service. As an independent agent licensed in all 50 states and the District of Columbia I have access to many of the top A+ rated life insurance carriers. This lets me locate a plan that you will qualify for while saving you money at the same time. Over the years I have mastered the art of underwriting, getting approvals even for my highest risk clients. I’m also likely the person that will answer the phone when you call.