comparemela.com

Latest Breaking News On - Settlement option - Page 3 : comparemela.com

Detailed text transcripts for TV channel - FOXNEWS - 20100801:16:51:00

disclosure that that account is not in a bank and not fdic insured very much like you are getting bank account. in the course of my reporting, i got a revised june 2010 document from met life talking about what they call the total custom, total control settlement option. it says right here, not a money market account. they added caveats that didn t exist previously such as it s not fdic insured, the money is not held in a bank. it s held in met life general account. and it s subject to the claim of met life creditors. and there is a disclosure that met life can make a profit from the assets. the money is not leaving the general corporate account and life insurance companies. they re keeping the money, earning 4-5% on the case of the survivors of soldiers, veterans and federal employees they re paid out a half of 1%. there is a big spread there paid out and folks don t realize that the money is not

Detailed text transcripts for TV channel - FOXNEWS - 20100801:16:50:00

discover it as well. it actually extends far beyond the soldiers families who receive the checkbooks. there are 130 life insurance companies across the company. they have a million of the death benefit accounts where folks often times believe the money is being help in a bank. there is $28 billion in the account that is not fdic insured and not a bank. it s the largest group life program in the country. what i discovered is the materials are misleading, because the page 202 of the federal handbook that the government employees get, the federal government employees says your survivors will automatically receive a money market account checkbook. then when you die, survivors get a document that says we will automatically open a money market account in your name. well, that sounds without any

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.