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New York Attorney General Andrew Cuomo has begun an investigation of accounts set up on behalf of recipients of life insurance policy payouts, accusing certain firms of cheating the recipients out of investment proceeds those accounts earned. But industry representatives say the accounts are a customer service, and policy recipients are free to pull all of their funds out at any time... >> FULL STORY
"The accounts were initially created at the request of consumers to provide options for receiving benefits from a life insurance policy, and with proper disclosure, consumers have generally been happy with this flexibility"...
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The unrealized loss stemmed from securities that cost $2.1 billion but are currently worth $1.5 billion less. That represents a 71% long-term unrealized loss -- "an unrealized loss position of more than 50% for more than 1...
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MetLife and Prudential lead the way in making hundreds of millions of dollars in secret profits every year on money that belongs to relatives of those who die. Among the people being tricked are parents and spouses of U.S. soldier...
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