Boston Mutual Life Insurance Company

Boston Mutual Life Insurance Company

• Military
• 2006 0528 – Boston Mutual Life – Multi State Exam, Regulatory – 16p – <Bad Link>
  • 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.