Aug
03
Bloomberg is reporting that this past week, Illinois Democrat Debbie Halvorson urged Congress to step in and regulate how life insurance companies handle the policies of soldiers lost in war.
As it currently stands, companies are not required to inform the families of the deceased exactly how funds are invested. Benefits they are entitled to are also often kept undisclosed.
On July 30, Halvorson introduced new legislation that would force life insurance companies to disclose to families how soldier benefits are going to be invested after the insured dies, according to Bloomberg. Full Article…