VA TO INVESTIGATE INSURANCE COMPANIES REGARDING VETERANS' DEATH BENEFITSVA

[cavanami]

http://www.vawatchdog.org/10/nf10/nfjul10/nf072910-5.htm

 

VA TO INVESTIGATE INSURANCE COMPANIES REGARDING VETERANS' DEATH BENEFITS

 

Report: Life insurance companies are putting veterans' death benefits in corporate accounts and keeping most of the investment profits instead of paying the survivors.

[TheCorinthian]

Damn. First I am hearing about this.

[TheCorinthian]

Ok, here is the original story:

 

http://www.bloomberg.com/news/2010-07-28/duping-the-families-of-fallen-soldiers.html

 

This seems to be extra insurance as no where does it mention SGLI (Soldier Group Life Insurance) which is the automatic pay out if you get wacked. It is payed out however the Member specified in his SRB (Service Record Book) from the treasury. Also, the amount they are talking about is wrong for it to be SGLI.

[unit731]

Yes, there is some truth to this.

 

But looks like optional life insurance.

 

Even so, it appears inappropriate.

[TroyinEwa/Perv]

If this is true it is way more than inappropriate. This is insurance fraud on a huge level. You or I did this, we'd be strung up by our penis. Well, maybe not that but certainly jail time and restitution.

[TheCorinthian]

By the way, SGLI payout currently is $500,000.00

[cavanami]

One of the insurance companies doing this rip off was Met Life...they need to pay the money and shut the fuck up! No, they string a line of bullshit and hang on to the $$$...WTF, not right!!!