Screwing the troops… one family at a time

I’m very much pro-capitalism. I believe every company has the right and responsibility to maximize its profits.  This, however, equates to theft in my book.  Soldiers pay insurance premiums that are withdrawn from every paycheck. They have a right to expect that their regular monthly premiums will result in payment for their families should they die in combat.

So when the cocksuckers at Prudential and other insurance companies mess around with the families of Soldiers who have made the ultimate sacrifices for this nation, it’s triply repugnant!

The package arrived at Cindy Lohman’s home in Great Mills, Maryland, just two weeks after she learned that her son, Ryan, a 24-year-old Army sergeant, had been killed by a bomb in Afghanistan. It was a thick, 9-inch-by- 12-inch envelope from Prudential Financial Inc., which handles life insurance for the Department of Veterans Affairs.

Inside was a letter from Prudential about Ryan’s $400,000 policy. And there was something else, which looked like a checkbook. The letter told Lohman that the full amount of her payout would be placed in a convenient interest-bearing account, allowing her time to decide how to use the benefit.

“You can hold the money in the account for safekeeping for as long as you like,” the letter said. In tiny print, in a disclaimer that Lohman says she didn’t notice, Prudential disclosed that what it called its Alliance Account was not guaranteed by the Federal Deposit Insurance Corp., Bloomberg Markets magazine reports in its September issue.

Lohman, 52, left the money untouched for six months after her son’s August 2008 death.

“It’s like you’re paying me off because my child was killed,” she says. “It was a consolation prize that I didn’t want.”

As time went on, she says, she tried to use one of the “checks” to buy a bed, and the salesman rejected it. That happened again this year, she says, when she went to a Target store to purchase a camera on Armed Forces Day, May 15.

I’d be voicing my displeasure with my wallet right now if I was in any way a customer of Prudential.  Just saying….


5 responses

  1. Those sorry sons/daughters of bitches/bastards absolutely no respect for the survivors a soldier who made ultimate sacrifice. I almost bought the farm in Nam. I would hate to think my folks wouldn’t have gotten the measly ten grand for my life DAMN THAT PISSES ME OFF.RWTUSMC66/67


  2. Ron, it pisses me off to no end too.  I think if more people knew about it, they would certainly let these companies know their displeasure.

    And thank you for your service.


  3. Thank you for yours and your continued service making folks aware via “The Liberty Zone”


  4. I Christensen

    So in other words if, heaven help me, I find myself in that position, I should say “No, I don’t want your convenient interest-bearing account! Send me the $400,000 and I’ll invest it as I see fit!” It’s sick that they prey on people at their absolutely worst moment on earth.


  5. Err…actually this is not so evil, and is common practice in the industry.All you have to do is write a check for the balance and transfer the benefit to wherever you desire.At least it is bearing interest, as opposed to a check sitting around till one eventually cashes it, a not uncommon result.When my mother died last year, several of her insurance and annuities followed this, and it’s no problem to withdraw the total amount.


%d bloggers like this: