American National launches online platform for fixed annuities

American National , which recently exited the life insurance market, has introduced a digital platform allowing consumers to purchase its Palladium® Multi-Year Guarantee (MYG) annuity without an agent.

The direct-to-consumer experience targets self-directed planners seeking guaranteed growth and market protection, with a minimum investment of $5,000 and term options of 5, 7, or 10 years. The online application takes under 10 minutes, and policyholders get 24/7 account access.

As background, American National is a partner of Blueprint Income , the direct-to-consumer annuity platform owned by MassMutual.