Parents of Dead Soldiers Sue Prudential Over Life Insurance ...
by ike5266
The life insurance benefits in question are part of the group benefits U. S. service members receive, and Prudential is the life insurer chosen federal officials chose to administer the program. 30, 2010 – Prudential Financial faces a potential class-action lawsuit regarding its handling of life insurance benefits payments to survivors of U. S. soldiers recently killed while serving in the military. Beneficiaries can write a single check to receive entire benefit amount in one lump-sum payment or use the checks to access funds as needed. The lawsuit accuses Prudential Financial of misrepresenting how benefits would be paid out to beneficiaries, and attorneys representing the plaintiffs are attempting to have the case declared a class-action lawsuit potentially involving thousands... The life insurance company offers to make 36 level installment payments to beneficiaries, or beneficiaries can choose to put the funds in an interest-bearing “Alliance Account,” which they can access by writing checks to themselves....
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