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.