Insurance Companies Profit From Fallen Soldiers’ Funds

The death of a soldier causes pain for loved ones, but some insurance companies can profit from it, too.

For the families of fallen soldiers, funds from their loved ones’ life insurance policies may provide little comfort for their loss, but it just adds insult to injury to learn that insurance companies have set the system up so they make a profit by holding onto payouts, using the funds to make more money, and pocketing most of the earnings.

According to an excellent investigation published by Bloomberg yesterday, that’s exactly what happens with “retained-asset accounts,” which have become “standard operating procedure” in the life insurance industry.

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