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Insurers profit on policies of fallen soldiers

An investigation by David Evans of Bloomberg found that Prudential Insurance has been profiting on life insurance policies of deceased veterans.  The funds are held in "Prudential’s general corporate account, earning investment income for the insurer."  According to regulatory filings from 2008, survivors were being paid 1 percent interest on their Alliance Accounts, while Prudential earned a 4.8 percent return on its corporate funds.  In addition, these holdings are not are not in banks covered by the FDIC.

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