Last updated October 12, 2026. California rates are refreshed weekly; confirm today’s rate before you apply.
American National sells one of the broadest annuity lineups in California: Palladium MYGAs from 3 to 10 years, fixed index annuities, and an immediate annuity. I’m Kevin Edwards, an independent California annuity agent. Here’s who owns American National, how it’s rated, and what it pays in California this week.
American National at a Glance
| Issuing company | American National Insurance Company |
| Owner | Brookfield (acquisition completed May 2022) |
| AM Best rating | A (Excellent), affirmed November 2025 |
| Sold in California | 15 MYGAs, 3 fixed index annuities and 1 SPIA in this week’s data |
| Best CA MYGA yield | 5.80% for 5 years (Palladium MYG MAX 5) |
| Best CA S&P 500 cap | 10.75% with a 10-year surrender period (Smart Start Accumulator 10 CA) |
Who Owns American National?
Brookfield Reinsurance completed its $5.1 billion acquisition of American National in May 2022. Brookfield later bought American Equity as well, and AM Best now rates the two together; see my American Equity review.
American National’s Financial Strength
In November 2025, AM Best affirmed the A (Excellent) financial strength rating of American National Insurance Company and its life affiliates. The same release noted that the group stopped writing new life insurance during 2025 and reinsured much of its existing life business, which leaves annuities as its core.
American National Annuity Rates in California This Week
Full market tables are on my California MYGA rates, California fixed index annuity rates and California SPIA rates pages.
MYGAs (Palladium)
| Product | Term | Guaranteed yield | Deposit for this rate | Lowest entry | MVA | Notes |
|---|---|---|---|---|---|---|
| Palladium MYG MAX 3 | 3 years | 5.60% | $250,000+ | $5,000+ at 5.35% | No | — |
| Palladium MYG Annuity 3 | 3 years | 5.45% | $250,000+ | $5,000+ at 5.20% | No | — |
| Palladium Match MYG Annuity 3 | 3 years | 5.40% | $250,000+ | $5,000+ at 5.15% | No | — |
| Palladium MYG MAX 5 | 5 years | 5.80% | $250,000+ | $5,000+ at 5.55% | No | — |
| Palladium MYG Annuity 5 | 5 years | 5.70% | $250,000+ | $5,000+ at 5.45% | No | — |
| Palladium Match MYG Annuity 5 | 5 years | 5.65% | $250,000+ | $5,000+ at 5.40% | No | — |
| Palladium MYG MAX 6 | 6 years | 5.72% | $250,000+ | $5,000+ at 5.47% | No | 9.90% first year, then 4.90% |
| Palladium MYG Annuity 6 | 6 years | 5.57% | $250,000+ | $5,000+ at 5.32% | No | 9.75% first year, then 4.75% |
| Palladium MYG MAX 7 | 7 years | 5.55% | $250,000+ | $5,000+ at 5.30% | No | — |
| Palladium MYG Annuity 7 | 7 years | 5.45% | $250,000+ | $5,000+ at 5.20% | No | — |
| Palladium Match MYG Annuity 7 | 7 years | 5.40% | $250,000+ | $5,000+ at 5.15% | No | — |
| Palladium MYG Annuity 8 | 8 years | 5.30% | $250,000+ | $5,000+ at 5.05% | No | — |
| Palladium MYG Annuity 9 | 9 years | 5.30% | $250,000+ | $5,000+ at 5.05% | No | — |
| Palladium MYG MAX 10 | 10 years | 5.45% | $250,000+ | $5,000+ at 5.20% | No | — |
| Palladium MYG Annuity 10 | 10 years | 5.30% | $250,000+ | $5,000+ at 5.05% | No | — |
Fixed Index Annuities (S&P 500 annual cap)
| Product | Surrender period | S&P 500 cap | Guaranteed min. cap | Riders | Notes |
|---|---|---|---|---|---|
| Smart Start Accumulator 10 CA | 10 years | 10.75% | 1.00% | None | — |
| Smart Start Accumulator Plus 10 Bonus No Fee CA | 10 years | 6.25% | 1.00% | None | — |
| Smart Start Accumulator Plus 10 Bonus with Fee CA FEE | 10 years | 6.25% | 1.00% | None | — |
Immediate Annuity (Palladium SPIA): Monthly Income per $100,000
| Age | Male: life only | Male: life + 10 yrs | Female: life only | Female: life + 10 yrs | Joint: life only | Joint: life + 10 yrs |
|---|---|---|---|---|---|---|
| 65 | $609.24 | $610.76 | $589.85 | $592.60 | $534.83 | $542.95 |
| 70 | $681.53 | $677.57 | $654.20 | $653.87 | $582.88 | $595.23 |
| 75 | $792.81 | $765.94 | $751.39 | $736.39 | $655.06 | $670.20 |
Sample quotes run October 12, 2026 for California residents: $100,000 non-qualified premium, monthly payments starting about one month after purchase, no cost-of-living increase; joint quotes are for a man and a woman of the same age.
My Take on American National
Where American National fits: MYGA buyers with smaller deposits and buyers who want no market value adjustment. Every Palladium MYGA here accepts $5,000 and none carries an MVA. Its Smart Start Accumulator 10 CA also offers a 10.75% S&P 500 cap with a 1.00% minimum cap and no MVA.
What to watch:
- The top Palladium rates need $250,000 or more. At $5,000 to $249,999, expect about 0.25% less.
- The 6-year versions advertise a 9.75% to 9.90% first-year rate, but the rate drops to 4.75% to 4.90% after year one. Judge them by the guaranteed yield over the full term (5.57% to 5.72%), not the first-year rate.
- Its MYGAs trail the market leaders by 0.30 to 0.65 points at 5 and 7 years.
- On the SPIA, American National’s income is the lowest or near the lowest of the four California carriers for single annuitants. In this week’s quotes its life with 10 years certain option pays slightly more than life only for 65-year-olds and for couples, which is unusual and worth asking about.
How American National Compares in California
| Term | American National (best) | Best in California | Leader |
|---|---|---|---|
| 5-year MYGA | 5.80% | 6.10% | Aspida Synergy Choice 5 / Axonic Waypoint 5 |
| 7-year MYGA | 5.55% | 6.20% | Oxford Life Multi-Select 7 |
| 10-year MYGA | 5.45% | 6.35% | Oxford Life Multi-Select 10 |
| 10-year S&P 500 cap | 10.75% | 12.00% | Delaware Life Target Growth 10 |
| SPIA, age 70 man, life only | $681.53/mo | $749.67/mo | Securian Financial IncomeToday! 2.0 |
See my Oxford Life review for the current MYGA leader, or browse all annuity company reviews.
Frequently Asked Questions
Who owns American National?
Brookfield. Brookfield Reinsurance completed its $5.1 billion acquisition of American National in May 2022. Brookfield also owns American Equity.
What is American National’s AM Best rating?
AM Best affirmed the A (Excellent) financial strength rating of American National Insurance Company and its life affiliates in November 2025.
What is American National’s best MYGA rate in California?
As of October 12, 2026, its best California MYGA yield is 5.80% for 5 years (Palladium MYG MAX 5) on $250,000 or more, or 5.55% from $5,000.
How much does an American National SPIA pay?
As of October 12, 2026, a $100,000 Palladium SPIA for a 70-year-old California man pays $681.53 a month for life, based on sample quotes.
Get a Side-by-Side Quote Before You Buy American National
I’m an independent agent, so I’m not tied to American National or any other carrier. Tell me your deposit, timeline and whether you need income, and I’ll compare American National’s products against the rest of the California market and send you the side-by-side. Request a free annuity quote, or call (877) 854-7396.
Sources
- AM Best Affirms Credit Ratings of American National Insurance Company and Its Affiliates (Nov. 2025)
- Brookfield Reinsurance Completes $5.1 Billion Acquisition of American National (May 2022)
- California fixed annuity (MYGA) rates, Fixed Annuity Expert
- California fixed index annuity rates, Fixed Annuity Expert
- California SPIA rates, Fixed Annuity Expert
Rate source: AnnuityRateWatch.com carrier data via AIP Marketing Alliance, retrieved October 12, 2026, filtered to products available to California residents. MYGA rows show guaranteed yield to surrender; FIA rows show the S&P 500 annual point-to-point cap on strategies with a 0% floor, no strategy fee and a stated guaranteed minimum cap. Products sold only through fee-based advisory accounts are excluded. Rates change without notice and must be verified with the issuing carrier at application.
Kevin Edwards, Integrity Now Insurance Brokers. California Insurance License #0D42517. Annuities are insurance products, not bank deposits, and are not FDIC insured. Fixed index annuities are not a direct investment in the stock market or any index; index-linked interest is subject to caps the insurer may change annually, subject to the guaranteed minimum. Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Financial strength ratings are opinions of the rating agency, can change at any time, and are not a guarantee of an insurer’s ability to pay claims. Withdrawals before the end of the surrender period may be subject to surrender charges and market value adjustments; withdrawals of taxable amounts may be subject to ordinary income tax and, if taken before age 59½, a 10% federal tax penalty. This page is independent and is not affiliated with or endorsed by any insurance company named. It is for educational purposes and is not tax or legal advice. Product availability and features vary by state. S&P 500® is a registered trademark of Standard & Poor’s Financial Services LLC.