Academy Life Insurance Company



  • 1980s - MDL-634 - IN RE: Academy Life Insurance Company Estate Conservation Plan Litigation  ---  [BonkNote]
    • 1984 0813 - UPI - Consumers get $10 million settlement, By Tim Sheeny - [link]
      • In what was called the largest consumer settlement in Texas history, Attorney General Jim Mattox Monday mailed nearly $10 million to consumers he said were victims of a fraudulent insurance sales scheme.
      • Mattox announced the agreed settlement with Academy Life Insurance Co. of Valley Forge, Pa., last May, saying the company had 'consistently and meticulously disguised' a particular policy as an investment plan for the elderly when in fact it was primarily life insurance.
  • 1988 04 - Kiplinger's Personal Finance 

  • 1998 0918 - Washington Post - Pentagon Bars Life Insurance Firm Because of 'Deceptivee' Practices (Academy Life Insurance Co.), bBradley Graham - [link]  ---  Military

  • 2000 0811 - The Globe, Camp Lejeune - media-cdn.dvidshub.net/pubs/pdf_57498.pdf - p3C
    • ATTENTION CURRENT OR FORMER MILITARY PERSONNEL
    • Have you purchased a life insurance policy from Academy Life Insurance Company? 
    • The Problem - If you have purchased a policy from this company, and if the policy was represented as a "retirement plan", "wealth builder" or a "savings account", you may have been seriously misinformed. We Can Help.
    • The law firm of Taft, Taft, & Haigler, P.A. is investigating a potential lawsuit on behalf of military personnel who have purchased a policy from this company. We would like to talk to you about your experience.
  • 2001 - LC - Begley v. Academy Life Ins. Co.
  • 2002 - LC - United States v. Academy Life Insurance Co.
    • 2005 - GAO - Financial Product Sales: Actions Needed to Better Protect Military Members, gao-06-23  ---  [BonkNote]   ---   88p  ---  [link]
      • 22Complaint, United States v. Academy Life Insurance Co., U.S. Dist. Ct., E.D. Pa., Civil Action No. 02-9125 (Dec. 19, 2000).
      • 23Settlement Agreement, United States v. Academy Life Insurance Co., U.S. Dist. Ct., E.D. Pa., Civil Action No. 02-9125 (Dec. 10, 2002).
  • 2002 1219 - Press Release - DoD Inspector General - Inspector General Acts to Protect Warfighters From Predatory Practices - 8p
    • Defendant Academy Life Insurance Company (“ALIC”) is domiciled in Missouri and its corporate headquarters is located in Frazer, Pennsylvania.
    • Since 1997, ALIC has been a subsidiary of Aegon USA, Inc. Aegon USA, Inc. is a wholly owned subsidiary of AEGON N.V., an international insurance organization headquartered in the Hague, The Netherlands.
    • A Missouri corporation formed in 1967
  • 2002 1222 - Stars and Stripes - Insurance company settles over fraudulent GI policies, by Lisa Burgess - [link]
    • NCOA - Non Commissioned Officer Association