Life Insurance Payouts Withheld From Families Of Fallen Soldiers

07/28/2010 12:23 pm ET | Updated May 25, 2011
  • David Evans Bloomberg

Lohman, a public health nurse who helps special-needs children, says she had always believed that her son's life insurance funds were in a bank insured by the FDIC. That money -- like $28 billion in 1 million death-benefit accounts managed by insurers -- wasn't actually sitting in a bank.

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