October 12, 2011

No BenchMark Reliance^SM or BenchMark 500^SM Ten SE Sales to New York Residents

Effective immediately, American National Insurance Company’s BenchMark Reliance and BenchMark 500 Ten SE annuities may not be sold to New York residents. In the past, solicitation was allowed if a New York resident made frequent trips to another state on an extensive basis for business or personal reasons, and not specifically to purchase insurance. However, to ensure compliance with directives from the New York Department of Insurance, no American National Insurance Company contracts can be sold to a New York resident, unless the client can confirm in writing that he or she has another residence outside New York and spends at least 50% of his or her time at the non-New York residence. In that case, the application can be taken in the non-New York second residence state and must reflect the client’s address in that state. Also, the contract must be delivered to the non-resident address, and all of the pre- and post-issue transactions must be coordinated outside of New York.

Compliance with this notice is important, as BenchMark Reliance and BenchMark 500 Ten SE are not approved in New York, and American National Insurance Company is not authorized to conduct business in the state. Legacy will have to return any annuity applications that do not comply with this requirement.

We apologize for any inconvenience this change may cause you.

As always, we appreciate your business.

Field Support, 888-453-5797