Tuesday, May 31, 2011

Insurance Payments to Families Who
Have Lost
Military Heroes
Now that we have celebrated Memorial Day and our Elected Leaders have placed wreaths at the tombs of our Nation's Heroes has anyone determined if the practice of delaying full payments to the Grieving Families of Heroes who have made the ultimate sacrifice while defending our Country has been resolved.  The following is a quote from a CNN Website:

" Prudential under pressure to explain payments to military families

 August 13, 2010
By Adam Levine, CNN

After initial outrage over how Prudential handles life insurance policies of deceased soldiers and veterans, the insurance company is working hard to change the perception it has misled military families.

The company came under fire after a Bloomberg Markets magazine report said cash payments from insurance policies for dead soldiers were being held in interest-bearing accounts, with the bulk of the interest benefiting the insurers. Bloomberg also reported the cash was not placed in banks insured by the Federal Deposit Insurance Corporation."

As a citizen of the U. S. A. I think that it is deplorable that any organization that is vetted by our U. S. Government would even be allowed to conduct such an operation as is described above.  Yet I have not heard how this problem has been resolved.  I would hope that by now, May 31, 2011 that it has been; however I make this post today to bring the situation to the attention of those who may be able to assist in the resolution of this situation if it has not already been done.

No comments: