Insurance News

Posts Tagged ‘family

Secret’s out.

For more than a decade, Prudential Financial Inc. has had a confidential arrangement with the U.S. Department of Veterans Affairs to withhold lump-sum payments of life-insurance benefits to the family of dead soldiers, so that Prudential could invest that money and keep whatever cash it made it itself, Bloomberg News reported.

The VA failed to inform soldiers and their families of the agreement. Prudential, the second-largest Read the rest of this entry »

A report issued on the same day that the government released its latest unemployment data shows why most laid-off people are likely to lose their health coverage: The average national premium costs for family COBRA coverage consume almost 84 percent of average unemployment benefits.

The report, issued by the consumer health organization Families USA, focuses on the unaffordability of COBRA coverage, which allows laid-off workers Read the rest of this entry »