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House Bill Targets Insurers Holding Soldiers’ Money
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Representative Debbie Halvorson wants Congress to set new rules for life insurance companies that profit from accounts that hold death benefits from policies of dead U.S. soldiers and veterans.
The first-term Illinois Democrat introduced legislation on July 30 that would require companies such as Prudential Financial Inc. to tell beneficiaries how their money will be invested and how much the insurer stands to make from holding the funds.