VA Announces Change in Prudential’s Practice of Profiting from Soldiers’ Life Insurance Benefits

As of September 14 the VA announced that Prudential will stop sending checkbooks for life insurance claims to survivors of fallen soldiers that ask for a lump sum but instead send a check.

Before the change, Prudential would send a checkbook to the survivors in which they could withdraw from the account. Unfortunately for the survivors, Prudential kept all the interest from the money while it was still in the account. Now, thanks to the change, survivors can take the check they receive and put it into their own account and keep the interest themselves instead of Prudential profiting off of the survivor’s money.

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