American Life
A Lincoln-based retirement carrier whose surviving charter dates to 1960 and whose modern identity followed a 2011 merger. It is backed by Antarctica Capital through Midwest Holding and carries a B++ (Good) AM Best rating with a negative outlook.
Financial strength
B++
AM Best
AM Best B++ (Good)
American Life carries an AM Best B++ (Good) Financial Strength Rating with a negative outlook, affirmed effective July 17, 2026.
Source: AM Best company update and current rating disclosureTechnology-first
One of the first carriers to run entirely on a cloud-based policy-administration platform (FAST Technologies, 2018), built around digital workflows and faster processing.
Source: American Life & Security corporate siteSurviving charter: 1960
The surviving charter dates to 1960; the modern operation began in 2009 and the current name followed a 2011 merger. NAIC 67253.
Source: Nebraska Department of Insurance examination report; SEC Form 10-KAntarctica Capital-backed
A subsidiary of Midwest Holding Inc., which an affiliate of Antarctica Capital (an alternative asset manager) acquired in December 2023.
Source: Midwest Holding Form 8-K filed with the SECFour official families
Official materials identify American Classic, American Select, American Fusion, and MaxGrowth 10; ARHQ currently observes a narrower catalog.
Source: CANNEX Financial Exchanges via AdvisorWorldRun live numbers on American Life products
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Growth FIAs
Selected product: American Select
An accumulation-focused fixed indexed annuity group with index-linked crediting and, for some versions, premium-bonus designs.
Other current products
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Explore American Life products
Known American Life product pages, grouped by what each product group is built to do. Confirm current rates and availability in the analyzer or on the product page.
Current CANNEX rate preview for the selected scenario. State-specific products use a labeled supported state when the selected state is outside their filing.
Fixed Index Annuity - Growth
Index-linked annuities built for protected growth, with product pages for checking caps, participation rates, and fixed-account options.
- Growth-oriented FIAs grouped by accumulation purpose
- Individual product pages are the place to check rates, terms, riders, and disclosures
Best for: Buyers comparing principal-protected growth potential before checking a product page for current strategy details.
American Select
An accumulation-focused fixed indexed annuity from a smaller B++ carrier offering a recognizable S&P 500 annual point-to-point cap plus a broad menu of proprietary participation-rate strategies, sold in two surrender-length variants and available in thirty states.
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American Select Bonus
A seven-year, B++-rated bonus FIA that credits an up-front premium bonus subject to a seven-year vesting recapture, with a crediting menu that pairs a recognizable S&P 500 annual point-to-point cap against a broad lineup of proprietary participation-rate indexes.
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American Select Bonus Plus 7
A seven-year-surrender accumulation FIA from a B++-rated carrier built around an upfront premium bonus vested over the same seven years, no income rider, and a deep crediting menu pairing recognizable S&P 500 cap and participation options with proprietary volatility-controlled indexes from Goldman Sachs, S&P MARC, Nasdaq, and Janus SG.
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American Select Bonus Plus 10
A ten-year, accumulation-focused fixed indexed annuity from a B++-rated carrier built around a large upfront premium bonus vesting evenly across the surrender term, paired with a deep crediting menu that combines a recognizable S&P 500 cap with participation-rate strategies on Nasdaq-100, S&P MARC, Goldman Sachs Xenith, Janus SG Guidance, and S&P 500 Scored & Screened indexes.
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Max Growth
A long-surrender accumulation FIA from American Life & Security Corp built around a recognizable S&P 500 cap, with an S&P 500 performance-trigger strategy and two proprietary volatility-controlled participation-rate options alongside it — and no income rider attached.
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Max Growth Bonus
An accumulation-focused fixed indexed annuity with an unusually short four-year surrender, a premium bonus on a long vesting schedule, and a recognizable S&P 500 cap alongside proprietary participation strategies, from a B++ A.M. Best-rated carrier.
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Company overview
What American Life is
American Life & Security Corp., NAIC 67253, is a Nebraska-domiciled life and annuity carrier headquartered in Lincoln. Its surviving charter dates to 1960; the modern operation began in 2009 and merged into that charter in 2011.
Checked 2026-08-10 · Nebraska Department of Insurance examination report; SEC Form 10-K
The company's strategy emphasizes a technology-first operating model - digital workflows and streamlined administration - over a broad product catalog, with a deliberately narrow shelf organized around a few retirement-accumulation objectives.
Checked 2026-06-30 · AnnuityRatesHQ carrier research, June 2026
Official materials identify American Classic, American Select, American Fusion, and MaxGrowth 10. ARHQ currently observes American Classic plus American Select and Max Growth records, but not American Fusion.
Verified July 2026 · CANNEX Financial Exchanges via AdvisorWorld
Scale, labeled
Surviving charter
1960
Old Reliance, the surviving legal charter, was organized in 1960; the modern American Life operation began in 2009. NAIC 67253.
Charter organized 1960 · Nebraska Department of Insurance examination report; SEC Form 10-K
Parent
Midwest Holding
Wholly owned subsidiary of Midwest Holding Inc.
Checked 2026-06-30 · AnnuityRatesHQ carrier research, June 2026
Owner
Antarctica Capital
Midwest Holding acquired by an affiliate of Antarctica Capital, Dec 2023.
Acquisition closed 2023-12-21 · Midwest Holding Form 8-K filed with the SEC
AM Best
B++ (Good)
B++ (Good), Financial Size Category VIII, negative outlook; affirmed July 17, 2026.
Effective 2026-07-17 · AM Best company update and current rating disclosure
History highlights
Old Reliance Insurance Company, the surviving legal charter behind today's American Life & Security Corp., was organized in 1960.
Charter organized 1960 · Nebraska Department of Insurance examination report
The original American Life operation began in 2009. Nebraska approved its merger into Old Reliance on August 3, 2011; Old Reliance survived and adopted the current name on August 4.
Merger approved 2011-08-03; name changed 2011-08-04 · Nebraska Department of Insurance examination report; SEC Form 10-K
In 2018 the company undertook a technology transformation, becoming one of the first carriers to operate entirely on a cloud-based policy-administration platform (FAST Technologies).
Tech transformation 2018 · AnnuityRatesHQ carrier research, June 2026
In December 2023, parent Midwest Holding Inc. was acquired by an affiliate of Antarctica Capital, with leadership and the Lincoln headquarters retained.
Acquisition closed 2023-12-21 · Midwest Holding Form 8-K filed with the SEC
A Midwest Holding company, backed by Antarctica Capital
American Life & Security Corp. is a wholly owned subsidiary of Midwest Holding Inc., a technology-enabled life and annuity platform combining insurance, investment management, and reinsurance.
Checked 2026-06-30 · AnnuityRatesHQ carrier research, June 2026
In December 2023, an affiliate of Antarctica Capital - an alternative asset manager - acquired Midwest Holding, providing long-term capital for the small, growth-oriented carrier while retaining its leadership and Lincoln headquarters.
Acquisition closed 2023-12-21 · Midwest Holding Form 8-K filed with the SEC
As a smaller, fast-growing carrier, American Life's rating considerations include capital management, premium growth, and reinsurance use - typical of carriers at its scale.
Checked 2026-06-30 · AnnuityRatesHQ carrier research, June 2026; AM Best
Financial strength
AM Best
B++
Good financial-strength rating with a negative outlook; Financial Size Category VIII.
Effective 2026-07-17
What makes American Life different
A technology-first carrier
American Life was one of the first insurers to run entirely on a cloud-based policy-administration platform (FAST Technologies, 2018), emphasizing digital workflows, streamlined administration, and faster processing over product breadth.
Checked 2026-06-30 · AnnuityRatesHQ carrier research, June 2026
A small carrier, rated honestly
American Life carries an AM Best B++ (Good) rating with a negative outlook, affirmed effective July 17, 2026. The grade is below the A range, and the outlook is a current cautionary signal.
Effective 2026-07-17 · AM Best company update and current rating disclosure
Institutional backing
Through Midwest Holding, American Life is backed by an affiliate of Antarctica Capital (acquired Dec 2023), an alternative asset manager - long-term capital behind a small, fast-growing carrier.
Acquisition closed 2023-12-21 · Midwest Holding Form 8-K filed with the SEC
A focused indexed-annuity shelf
Official materials identify American Classic, American Select, American Fusion, and MaxGrowth 10. ARHQ's feed currently represents American Classic and multiple Select/Max Growth records but not Fusion.
Verified July 2026 · CANNEX Financial Exchanges via AdvisorWorld
About American Life
American Life & Security Corp. is a Nebraska-domiciled carrier headquartered in Lincoln. Its surviving charter dates to 1960, the modern operation began in 2009, and the current name followed a 2011 merger. It is a subsidiary of Midwest Holding Inc.
Checked 2026-08-10 · Nebraska Department of Insurance examination report; SEC Form 10-K
American Life carries an AM Best B++ (Good) Financial Strength Rating with a negative outlook, affirmed effective July 17, 2026. It is a smaller carrier, and the current outlook belongs in any comparison.
Effective 2026-07-17 · AM Best company update and current rating disclosure
American Life's official shelf includes American Classic, American Select, American Fusion, and MaxGrowth 10. ARHQ's current feed is narrower, and changing terms remain on the product pages.
Verified July 2026 · CANNEX Financial Exchanges via AdvisorWorld
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Sources
- American Life & Security corporate site — 2026-06-30
- Nebraska Department of Insurance examination report - 1960 charter and 2011 merger/name change — Checked 2026-08-10
- SEC Form 10-K - American Life began insurance operations in 2009 — Filed 2014-03-28
- SEC Form 8-K - Antarctica affiliate acquisition of Midwest Holding — Closed 2023-12-21
- AM Best company update - July 17, 2026 event — 2026-07-17
- AM Best current disclosure - B++ (Good), FSC VIII, negative outlook — Checked 2026-08-10
- Official product families plus observed product catalog and changing terms: American Life; CANNEX Financial Exchanges via AdvisorWorld — Verified August 2026