Policies Of Deception?

Thousands of nurses read the pitch: If they would just provide their name and date of birth, they could learn about "something new, one of the most widely discussed retirement plans in the investment world today." The Nurses Guaranteed Retirement Savings Plan offered "high money market interest rates...access to the cash fund ...deposits that could be made monthly." To sign on, recipients had only to send back the form to the "nursing representative" who signed the letter.

Sounds innocent enough. But such whole-life solicitations are at the heart of the widening scandal hitting Metropolitan Life Insurance Co. and other big insurers. At least 13 states are investigating allegedly misleading sales practices by MetLife agents, mainly for national mailings made from its Tampa office. MetLife says it is cooperating.