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Originally Posted by hartford_renter
First of all what is the objection to what the insurers are doing?
The article is misleading for a couple of reasons
1. The beneficiary can "get" the death benefit any time they want. If you don't want the money invested in the insurers general account, then take it out. The article makes it sound like the insurer is not giving the policyholder access, THIS IS NOT TRUE. IF YOU WANT YOUR MONEY THEN TAKE IT!
2. The insurers general account is backing many different liabilities so saying they are earning 4% is not true, that 4% is backing the long term liabilities from all of the policies many as long as 30 years.
3. Based on the comparison to a money market fund, which is what this basically is, you would get something like 0.25%. THe policyholder earning 0.5% is actually getting a good deal.
All this is was a smear the industry or generate news. This is total crap.
The people here are morons who lack understanding of the industry. If you really want a better deal on insurance ask your state representative to lower the premium tax on insurance. This money is usually taken out from the policy premium as a load to pay for. This makes insurance more expensive for the policyholder.
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If you write a story and the headline hints at soldiers or military personal getting screwed over people won't bother to read/think....just react negatively. They have been programmed to do that. It's the new "think of the children" mindset.