Boston Mutual Life Insurance Company

  • Military
  • Boston Mutual Life Insurance Company
    • 2006 0528 - Boston Mutual Life - Multi State Exam, Regulatory - 16p
      • Massachusetts (Lead Regulator), Texas, Georgia
    • 2006 0227 - Boston Mutual Life - Report on the Limited Scope Multi-State Market Conduct Examination of Boston Mutual Life Insurance Company, by the Office of Consumer Affairs and Business Regulation, Division of Insurance - 30p
    • 2006 1128 - army.mil - Thousands of servicemembers to benefit from settlements, by Elaine Wilson - [link]
      1. American-Amicable Life Insurance Company of Texas, Pioneer American Insurance Company and Pioneer Security Life Insurance Company
        •  State regulators and federal agencies claim that the life insurance companies "targeted young recruits and misled them into believing they were buying an investment product."
        • The servicemembers were actually purchasing an expensive term life product that was coupled with a side fund and called the "Wealth Builder" or "Horizon Life," according to the release.
      2.  Boston Mutual Life Insurance Company
        • In 2004, TDI investigators learned that several Boston Mutual agents were soliciting and selling life insurance to low-ranking Soldiers in the Fort Hood, Texas, area by misrepresenting the insurance as a savings or investment plan, said Jim Hurley, TDI spokesman.
          • The activity led to the multi-state examination of the company's sales to military personnel.