Thursday, July 23, 2009
Burial insurance can take advantage of the poor
...when Arbee died in 2007 at 85, her two burial policies didn't cover even half of the $9,000 funeral - even though over the 28 years she had held those policies, Arbee paid more than $7,000 in premiums... ...Millions of such burial policies were sold over the years, mostly to poor people. A series of lawsuits in the past decade included one that resulted in a $214 million settlement to 9 million policy holders from two firms, including American General Life, the outfit that sold Arbee her policies...
SFGate: Burial insurance can take advantage of the poor
SFGate: Burial insurance can take advantage of the poor
Permalink posted by markw @ 5:25 AM 
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