The Insurance Policy blog is reporting on a report issued by the National Association of Insurance Commissioners (NAIC) in regards to issues about military life insurance sales practices.
It's about time that regulators start paying attention to the atrocities that happen on our military installations and with military personnel. I left an insurance company that I worked for because I was seeing how agents preyed on young people in the military. In fact, when I was in the military myself as a young soldier, I recall the same thing happening, and that was back in 1989.
Why is it that it has taken so long for the regulations to start? I don't know, but at least it is being looked at now.
Keep an eye on this space for future news in regards to military life insurance, what to look out for in agents and what to look for in policies if you are looking for more insurance.
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