The Dept. of Veterans Affairs has confirmed that it has sent 10,000 letters to the beneficiaries of military members with life insurance policies in an effort to clear up confusion surrounding a number of issues, including death benefits provided through what is called an “Alliance Account.”
In addition, the VA is creating a group of experts who will be responsible for reviewing the current life insurance program. Prudential Financial, Inc. covers the program, which includes accounts similar to money-market accounts that are put in place to help surviving family members of deceased military men and women cover funeral and other costs.
