American Amicable – Horizon Life Insurance

2005 1117 - GOV (Senate) - A Review of the GAO Report on the Sale of Financial Products to Military Personnel, Richard Shelby (R-AL) --- [BonkNote]

2010 0823 - insurance-forums.com - by Green Sky (Rick) - insurance-forums.com/community/threads/term-life-w-annuity-rider.23570/#post-295555
- This product used to be written by American Amicable. It was called Horizon Life.
- A 20 year, 7 pay term. ROP at end of 20 years.
- Had a side fund account that although it was not tax deferred, it would grow at a guaranteed 4% (formerly 6%).
- Not a bad product for accumulation.
- I actually know one agent who has this product for himself.

2006 - LC - SECURITIESAND EXCHANGE COMMISSION vs. AMERICAN-AMICABLE - LIFE INSURANCE COMPANY OF TEXAS; PIONEER AMERICAN INSURANCE COMPANY; and PIONEER SECURITY LIFE INSURANCE COMPANY
- sec.gov/enforcement-litigation/litigation-releases/lr-19791
  - Pursuant to the settlement, American-Amicable will discontinue sales of Horizon Life and will terminate the deceptive sales program, which it called the "Building Success" system.
  - Although the written materials ultimately provided to investors apparently accurately described the Horizon Life product, the company's deceptive sales pitch did not.
  - In related matters, Georgia Insurance Commissioner John W. Oxendine and Texas Insurance Commissioner Mike Geeslin announced today a multi-state settlement with American-Amicable alleging violations of state insurance and consumer protection laws, and U.S. Attorney Patrick L. Meehan of the Eastern District of Pennsylvania announced the filing of a complaint, settlement and proposed consent decree with American-Amicable alleging civil claims of wire and mail fraud.
- COMPLAINT - 9p