When someone dies, life insurance companies hold the death benefit in investment accounts called float, earning returns that should go to beneficiaries. Bloomberg and NPR investigations plus state lawsuits recovering over a billion dollars show how widespread the practice is.
The day your husband died was the day your life insurance company opened up an investment account with your death benefit. They didn't tell you that part. It has a name. They call it float. Every day they delay sending that check, they're earning returns on money that belongs to you. Bloomberg exposed it. NPR reported on it, and states have sued over it and recovered over a billion dollars. So while you're waiting by the mailbox, your insurance company is watching the returns roll in. Click that follow button for more like this.
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