American Amicable Life Insurance Company of Texas Review

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This is an archive of a consumer complaint published against American Amicable Life Insurance Company of Texas at on 26-Jul-14.


Business Details –

  • Name: American Amicable Life Insurance Company of Texas
  • Address: 425 Austin Ave
  • City: Waco
  • State: Denmark
  • Country: United States
  • Phone: (254) 297-2777
  • Website:


Original Complaint against American Amicable Life Insurance Company of Texas published at on 26-Jul-14 says, verbatim –

August 1 1997, Agent Thomas M. Bonelli of American Amicable, took a few recruits, fresh out of old school boot camp to a small office to get us signed up for the wealth building opportunity available to us. They had come to our base and did a presentation that we were told to attend on our boat. I was glad they made us go. I was a 20 year old sheltered female, first.time away from home and unaware of the sharks ready to take advantage of obedient, naive young soldiers. | I was excited because he kept showing numbers on top of numbers if you left your money in the account and sit to collect this guaranteed rate of 4% to 11% interest. He said once premiuns were paid after 7 yrs we had to put nothing else in if we choose not to and we would still be guaranteed the 22,365.00 after 20 years. if we left it in 30 it would be more. He was not selling insurance which we had the best plan already but the wealth building aspect. | I decided to check my account because my 20 years are near and 4 years to go, I am run in circles, hung up on, left for long waits, Lied to the works as I am explaining what I expected. I was made to feel dumb until Ibegan recording the phone conversations. Pretty much the callous rep. made me feel as I should have been a lot smarter, we got your money and that is it. 16 years and I am told the total of my account is 5,231.15. I was flabbergasted and wanted to do whatever I needed to get out of this company quick. I was told that I would only get 2,679.26. I could have exploded especially with the fact of your stupid type of condescending tones I received. | this has been going on for 2 months now and I refuse to let this company keep my money for 20 years and I get only 5,231.15 when I banked on 22, 000, the above stated. I mentioned.that after looking them up.they.had a suit.filed against them that I should have been included in allowing me to cancel retaining all that I put into this unprofessional, manipulative company. They said I was mailed aletter I never got, that I could cancel but management told me I could cancel and only get half. They sent paperwork that I signed to establish ot was for insurance. this was real sneaky and this is why people have bad circumstances from immoral practices. | this company is not a company but a gang of thieves making money off our money. I will do a blog and youtube of the conversations. | I spoke with Julie who hung up was rude and tried to tell me what happened like she was there, Sonia, Dee im management never returned my call as promised, Sonia hung up as well as Patty who over talked me. You will be passed to voicemail.that will hang up on you and management is never at there desk. great company to take your money like they are doing you a favor. | Lacquan |

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