Academy Life Insurance Company

insurance.mo.gov/CompanyAgentSearch/CompanySearch/compSearchDetails.php?id=124762
- Effective Date: 07/01/2006
- Comments: Academy Life Insurance Company merged with and into Life Investors Insurance Company of America.
insurance.mo.gov/CompanyAgentSearch/CompanySearch/compSearchDetails.php?id=126410
- Effective Date: 10/01/2008
- Comments: Life Investors Insurance Company of America merged with and into Transamerica Life Insurance Company

1957 – ia803409.us.archive.org/25/items/sim_army-times_1957-10-19_18_11/sim_army-times_1957-10-19_18_11.pdf

1977 – LC – Johanna Kipperman v. Academy Life Insurance Company, 554 F.2d 377 (9th Cir. 1977), Court of Appeals for the Ninth Circuit, Filed: May 24th, 1977
- courtlistener.com/opinion/345044/johanna-kipperman-v-academy-life-insurance-company/
- Precedential Status: Precedential
- Citations: 554 F.2d 377
- Docket Number: 75-3345

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.), by Bradley 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.
- Court: United States District Court, N.D. Georgia, Atlanta Division
- Citations: 200 F.R.D. 489 (N.D. Ga. 2001)
- 2001 – Opinion – casetext.com/case/danny-lee-begley-and-donald-k-ryniec-individually-and-on-behalf-of-all-others-similarly-situated-plaintiffs-v-academy-life-insurance-company-academy-insurance-group-pension-life-insurance-company-of-america-and-non-commissioned-officers-association-o
  - The plaintiffs cite a 1997 study of Universal Life products sold on the market, which they claim shows that the products sold by the defendants to the class members are the most expensive, have the highest surrender charges, and have the poorest income performance of any of the listed insurance products. The plaintiffs argue that but for the trust gained by the NCOA counselor through its alleged scheme, the class members would not have purchased the defendants’ allegedly inferior insurance products.
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