NEW YORK ( TheStreet) -- Regulators in Nevada, California and Georgia could impose changes on life insurers' marketing practices for death benefits.
Sales practices used to market the death benefit accounts have regulators in three states concerned and several have started or widened examinations, according to a Bloomberg article.
Scrutiny is increasing despite the dismissal of a lawsuit against MetLife ( JPM) that alleged the insurer profited unfairly on a policy. The suit alleged that MetLife gave consumers the impression that their death benefit accounts were insured by the Federal Deposit Insurance Corp. The judge dismissed the claim because the plaintiff had not lost money, according to published reports.
--Written by Maria Woehr in New York.
To contact the writer of this article, click here: Maria Woehr.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV