Orlean residents
have received
thru February 2004


...and still counting!

Deferred Annuities

Is a comfortable retirement one of your financial goals?

If so, your planning should include one or more of American National's deferred annuities, and here's why!

Competitive interest earnings. You can choose from three different plans, each offering a different first-year interest rate. Your annuity's value will always earn a competitive rate of interest, never less than 3%.

Safety and security. You'll be doing business with one of the country's largest, strongest, and most respected insurance companies.

Tax advantages. A deferred annuity earns interest on a tax-deferred basis. Income tax on those interest earnings is postponed until the money is withdrawn.

Liquidity. You'll be able to withdraw money from your annuity at any time, subject to applicable surrender charges, if any, during the years of the policy.

Lifetime income. You may someday elect to "annuitize" your contract and begin receiving a guaranteed regular income for as long as you live (or for another predetermined length of time.)

No administrative fees, loads, or charges.

Free withdrawal privilege every year. Ten percent of the annuity value, as of the first day of each policy year, can be withdrawn during that policy year without incurring a surrender charge. (Withdrawals prior to the owner's age 59 1/2 may result in a tax penalty.)

Systematic withdrawals. You can arrange for automatic withdrawals (equal to your interest earning or some fixed amount you choose) to occur every month, every quarter, every six months, or every year. Systematic withdrawals may incur surrender charges.

Annuitization. After the fifth policy year (or possibly sooner, depending on the plan you select and company's current practice) you'll be able to annuitize your contract and begin receiving a regular payout, guaranteed to last for as long as you live (or for some other guaranteed length of time that you select.)

Quarterly statements. Every three months, you'll receive a statement providing details as to your annuity's interest earnings and other transactions, if any, during the quarter.

Death benefit. At the annuitant's death, the entire accumulated value of the annuity will be paid immediately to the named beneficiary. Generally, death proceeds paid to a named beneficiary (not the annuitant's estate) are not subject to the probate process.

No maximum age limit for the contract owner.

Options. The annuity can be non-qualified, or can be the funding vehicle for an IRA, TSA, SEP or other qualified retirement plans.

Information and tax notes
If your deferred annuity has less than $5,000 of value at the end of the third policy year, the rate of interest it earns will drop to 3% until a minimum value of $5,000 is in the policy.
Income and growth on accumulated annuity values have been held by the Tax Court to be generally taxable only upon withdrawal. (IRC Sect.72.) Consult your tax adviser or attorney on your specific situation.
The foregoing is neither a contract nor an offer to contract, but is only a general description of benefits available under a policy providing the benefits outlined. The exact provisions, terms, and conditions are set forth in detail in any such policy as may be issued. The deferred annuities have limitations.
Neither American National Insurance Company nor its representatives gives legal, tax or accounting advice. If you need such advice, consult your attorney, accountant, or personal tax adviser.



American National Insurance Company, Galveston, TX
American National Property and Casualty Companies, Springfield, MO

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