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American was formed in the late 1970’s, it was owned indirectly
by Beaven/Inter-American Cos., Inc. (Beaven/Inter-American), the
wholly owned company of Raymond G. Ankner (Mr. Ankner), who has
worked in the insurance industry for more than 30 years. Inter-
American liquidated on December 23, 1991, pursuant to a court
order to do so, and Beaven/Inter-American changed its name to
Beaven Cos., Inc. Mr. Ankner currently markets the life
insurance products described herein through a company of his
called CJA & Associates.
Capital Holding Agency Group, Inc. (Capital Holding),
underwrites life and health insurance, annuities, and other
insurance products offered for sale through certain of its
affiliated insurance companies; e.g., Commonwealth Life Insurance
Co. (Commonwealth) and Peoples Security Life Insurance Co.
(Peoples Security, sometimes referred collectively with
Commonwealth as Commonwealth). Capital Holding changed its name
to Providian Agency Group, Inc., in 1994, and 3 years later,
AEGON NV acquired Providian Agency Group, Inc., Commonwealth, and
Peoples Security. Commonwealth and Peoples Security merged with
the Monumental Life Insurance Co. in 1998, and all three
companies are currently part of the AEGON USA Insurance Group
(AEGON USA).
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