cavanami Posted August 1, 2010 Report Share Posted August 1, 2010 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. Link to comment Share on other sites More sharing options...
TheCorinthian Posted August 1, 2010 Report Share Posted August 1, 2010 Damn. First I am hearing about this. Link to comment Share on other sites More sharing options...
TheCorinthian Posted August 1, 2010 Report Share Posted August 1, 2010 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. Link to comment Share on other sites More sharing options...
unit731 Posted August 1, 2010 Report Share Posted August 1, 2010 Yes, there is some truth to this. But looks like optional life insurance. Even so, it appears inappropriate. Link to comment Share on other sites More sharing options...
TroyinEwa/Perv Posted August 2, 2010 Report Share Posted August 2, 2010 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. Link to comment Share on other sites More sharing options...
TheCorinthian Posted August 2, 2010 Report Share Posted August 2, 2010 By the way, SGLI payout currently is $500,000.00 Link to comment Share on other sites More sharing options...
cavanami Posted August 2, 2010 Author Report Share Posted August 2, 2010 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!!! Link to comment Share on other sites More sharing options...
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