Posts Tagged With 'Life Payout'

Aug 04, 2010 Stephen Cook No Comments » Tags: Life, Life Payout

Is the life payout scam really a scam?

Bloomberg Markets magazine published an investigative article this week accusing life insurers of duping beneficiaries by sending them a checkbook to access their insurance proceeds rather than just sending a check for the full amount of the life policy.

The magazine breathlessly reported that insurers are “secretly” investing the proceeds and making millions off the widows, orphans and fallen soldiers.

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