American Amicable Life Insurance Company Of Texas

American Amicable Burial Insurance: 60

Pros & Cons

• Product Focus: American Amicable is highly focused on the senior market and final expense products
• Quick Process: American Amicable allows for voice signatures, which makes the application process much easier
• Long History: American Amicable has been selling policies and paying out on claims since 1910

• Online Options: Customers cannot get a price quote or apply for a policy online
• Website experience: These days, many people judge a company by its website American Amicable’s is stuck in 1995
• Customer reviews: Google rating of 2.2 stars most complaints from guaranteed issuance customers unaware of the 2-year waiting period

A District Court’s Authority To Remand

Pursuant to 28 U.S.C. § 1447, a district court may remand cases when the court lacks subject matter jurisdiction. As originally enacted, § 1447 stated “f at any time before final judgment it appears that the case was removed improvidently and without jurisdiction, the district court shall remand the case. . . .” In analyzing this version of § 1447, courts made clear that removal was the critical jurisdictional juncture. See St. Paul Mercury Indem. Co. v. Red Cab Co.,303 U.S. 283, 293, 58 S.Ct. 586, 592, 82 L.Ed. 845 . That is, under the original version of § 1447, the proper inquiry was whether the court had jurisdiction at the time of removal. If the court did have jurisdiction at the time of removal, that jurisdiction was unaffected by subsequent acts, such as loss of diversity or loss of the required amount in controversy. See Freeport-McMoRan, Inc. v. KN Energy, Inc.,498 U.S. 426, 428, 111 S.Ct. 858, 860, 112 L.Ed.2d 951 St. Paul Mercury Indemnity,303 U.S. at 293, 58 S.Ct. at 592 Doddy v. Oxy USA, Inc.,101 F.3d 448, 456 n. 4 Van Meter v. State Farm Fire Cas. Co.,1 F.3d 445, 450 .

In discussing a different issue, we have noted the amendments to § 1447 were “legally insignificant” and were not intended to change the meaning of the original section. See Snapper v. Redan,171 F.3d 1249, 1256-57 n. 14 .

Terminal Illness Accelerated Benefit Rider

The terminal illness accelerated benefit rider is an accelerated death benefit that enables you to receive a portion of the death benefit if you are diagnosed with a terminal illness that will result in death within a certain period of time. In most states you must have a life expectancy of 12 months or less, however, in some states it’s 24 months.

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American Amicable Life Insurance Products

American Amicable sells a number of life insurance policies. This review will focus on their best burial insurance offerings.

The Company has three types of final expense insurance policies:

• Immediate Death Benefit

American Amicables funeral insurance policies are available to adults ages 50-85.

The minimum amount of coverage you can buy is $2,500 .

The maximum amount of coverage you can buy varies by policy type and age. If you are looking for an immediate death benefit, or level benefit, policy, you can get up to:

• $35,000 of coverage if you are between the ages of 50-75
• $20,000 of coverage if you are between the ages of 76-85

For American Amicables graded death benefit whole life insurance and their return of premium whole life insurance, the maximum coverage you can buy is $20,000.

Military Personnel To Benefit From $10 Million Settlement

The Securities and Exchange Commission today sued a Waco, Texas insurance company and its affiliates for targeting American military personnel with a deceptive sales program that misleadingly suggested that investing in the company’s product would make one a millionaire. Since 2000, approximately 57,000 members of the United States military services purchased the product. The vast majority earned little or nothing on their investment.

The Commission’s complaint, filed in the United States District Court for the Southern District of California, charged affiliated entities American-Amicable Life Insurance Company of Texas, Pioneer American Insurance Company, and Pioneer Security Life Insurance Company , all based in Waco, Texas, with securities law violations.

Although the written materials ultimately provided to investors apparently accurately described the Horizon Life product, the company’s deceptive sales pitch did not. Contrary to the representations, the overwhelming majority of military personnel who purchased Horizon Life earned little or nothing from their investment.

The Commission’s complaint charges American-Amicable with violating Sections 17 and of the Securities Act of 1933, an antifraud statute. Without admitting or denying the allegations, American-Amicable has agreed to be enjoined from further violations of these provisions, and to pay disgorgement of $10 million, which will be distributed to the affected investors.

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Is American Amicable Legit

Yes, American Amicable is a highly-rated and financially sound life insurance company. A.M. Best, a third-party ratings agency, has given them an A rating for their financial strength, operating performance, and ability to pay claims. They have an excellent final expense product that can offer value to seniors broadly.

American Amicable Life Insurance Company Of Texas

American Amicable Life Insurance Company Of Texas markets life insurance products. It markets whole life, universal life, modified whole life, term, group term, critical illness, final expense, and annuities insurance products. The company serves civilian customers, government employees, payroll deduction customers, and the final expense markets. American Amicable Life Insurance Company Of Texas was founded in 1910 and is headquartered in Waco, Texas. American-Amicable Life Insurance Company Of Texas operates as a subsidiary of American-Amicable Holding, Inc.

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American Amicable Life Insurance Review

Stable life insurance provider with good coverage but many customer complaints

We recommend the best products through an independent review process, and advertisers do not influence our picks. We may receive compensation if you visit partners we recommend. Read our advertiser disclosure for more info.

American-Amicable Group

Our Take

American Amicable Life Insurance Company of Texas is a financially stable insurer with a reasonable lineup of life insurance products and a good selection of riders. Plus, you can apply for some life insurance products the company offers without taking a medical exam. However, it falls short in a few important areas including customer satisfaction and convenience.

• Return of premium term available

• No-med-exam life insurance available

• No online quotes or applications

The American Amicable Life Insurance Company of Texas is a provider of life insurance and annuity products that has roots dating back to 1910. The company is part of the American-Amicable Group and was acquired in 2010 by Industrial Alliance Insurance and Financial Services.

The American-Amicable Group also includes The Occidental Life Insurance Company of North Carolina, Pioneer American Insurance Company, Pioneer Security Life Insurance Company, and IA American Life Insurance Company.

• Our Methodology

Our Methodology: How We Review Life Insurance Carriers

We designed a comprehensive ranking methodology based on consumer priorities and life insurance company fundamentals to rank more than 90 insurers across five general categories: financial stability, customer satisfaction, product and feature variety, the overall buying experience, and cost.

In order to do this, we collected over 5,000 data points and scored each company based on 55 metrics. We grouped metrics by category to see how insurers performed in each we then weighted category scores to determine how companies performed overall.

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Who Is American Amicable

Founded in 1910, American Amicable Life Insurance Company of Texas is an innovative life insurer, offering life insurance and annuities to a wide variety of clients.

Anchored on a foundation of financial integrity, prudent management, and a commitment to policyholders, American Amicable is set to grow in the life insurance industry.

Bbb Rating & Customer Complaints

American Amicable has been accredited with the Better Business Bureau since 2011 and holds an A+ rating.

The Company has a relatively low number of complaints. In the past three years, it has had a total 0f 20 customer complaints through the Better Business Bureau. The majority of them have to do with the policy itself and with billing.

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About Industrial Alliance Insurance & Financial Services Inc

Celebrating 100 Years of Service

Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. is a life and health insurance company that offers a wide range of financial products and services. The company has operations across North America. IA contributes to the financial well-being of over four million individuals, employs more than 5,000 people and manages and administers over $109.5 billion in assets.

Find out more by visiting the new IA Financial Group website! http://ia.ca/individuals

B Reviewability Of District Court’s Remand Order

Under 28 U.S.C. § 1447, an order remanding an action to state court pursuant to § 1447 is not reviewable on appeal or otherwise, even if the remand order is clearly erroneous.See Thermtron Prods., Inc. v. Hermansdorfer,423 U.S. 336, 342-43, 96 S.Ct. 584, 589, 46 L.Ed.2d 542 . The Supreme Court, however, has explained that § 1447‘s bar to appellate review is not as broad as it seems. See id. at 345-46, 96 S.Ct. at 590 Matter of Amoco Petroleum Additives Co.,964 F.2d 706, 708 “does not mean what it says”). In Thermtron, the district court had remanded a diversity suit due to the crowded federal docket. Relying on the § 1447 bar, the Sixth Circuit refused to consider the defendant’s mandamus petition. The Supreme Court reversed, holding that § 1447 precludes review only of those remand orders issued pursuant to § 1447. See id. at 346, 96 S.Ct. at 590 and invoking the grounds specified therein that removal was improvident and without jurisdiction are immune from review under section 1447“). Because the district court had not remanded on the basis of § 1447, but rather on “grounds wholly different from those upon which Section 1447 permits remand,” the district court had exceeded its authority and the remand order was thus reviewable. Id. at 344, 96 S.Ct. at 589.

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American Amicable Life Insurance Company Of Texas Review

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