Insurance Companies Owe Servicemembers

Several insurance agencies must pay back more than $70 million to 70,000 servicemembers after allegedly using misleading business practices. American Amicable Life Insurance Company of Texas and its affiliates, Pioneer American Insurance Company and Pioneer Security Life Insurance Company, allegedly committed violations of insurance protection laws, while selling their Horizon Life and Wealth Builder insurance policies. Servicemembers and dependents who purchased life insurance products from an American Amicable Company should call the companies' customer service center at (800) 736-7311 and give their current mailing address.

To learn more about life insurance for servicemembers, visit the Military.com Life Insurance webpage.

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