VFW joins lawsuit over death benefits
Looks like the Veterans of Foreign Wars is throwing its support to plaintiffs in a class action suit against Prudential Life Insurance, who they claim is wrongfully withholding death benefits.
According to the VFW, the 2010 suit alleges that Prudential failed to pay death benefits in a manner required by federal law, and instead profited from money belonging to the families of deceased service members and veterans.
In a blog posting by a lawyer named Jeffrey Mehalic, you get a pretty good explanation, with some cogent back-and-forth from the commenters.
Is the insurance company offering better terms than banks, and wisely counseling restraint in decision-making at a tough time, or are they simply withholding funds to earn interest for their own firm?
Maybe they could unseal the documents and show us.