A New York and New Jersey Lawyer Who Represents Policyholders and Beneficiaries in Life Insurance Denial Cases

New York  Attorney General Andrew Cuomo has issued subpoenas to several life insurance companies in relation to claims that they have defrauded beneficiaries of servicemen and women by keeping payments in potentially risky accounts and paying low yields.

The above link is to a NY Times blurb. CNN has also reported on this issue in a more in-depth article.

Among other deceptive acts, one practice of life insurance companies is not to issue a lump sum check to beneficiaries, but instead send them a checkbook from which they can draw funds. However, the insurance companies invest the money in other accounts and pay a lower yield to beneficiaries than the company is earning. Put simply, the insurers are skimming from the top. In addition, the money is not always protected or insured.

On top of all that, the victims are family members of fallen U.S. servicemen and women.

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