American National halts life policy sales amid strategic business shift
April 2, 2025 by Kenneth Araullo
American National Insurance Co. will halt the sale of new life insurance policies as it shifts focus toward other business lines, including annuities, pension risk transfer, and property and casualty insurance.
The company said May 31 will be the final date to submit new life insurance applications, and all life policies must be placed by July 31.
A spokesperson for American National said the decision reflects a strategic move to concentrate on areas where the company expects to see long-term growth. The carrier will continue to service existing life insurance policies without interruption.
Originally Posted at Insurance Business on March 28, 2025 by Kenneth Araullo.
Categories: Industry Articles
