death benefits

(Newser) - The life insurance industry was forced to hand out more money in death-benefit payments in 2020, otherwise known as the start of the COVID-19 pandemic, than in any other single year—though 2021 has probably been worse, reports the Wall Street Journal . Death-benefit payments from US life insurers totalled $90....

(Newser) - Though very much alive, Donald Miller Jr. is still legally a dead man ... and yet now his daughters are being hit up for $47,000 in Social Security benefits they received as teens because of his death, the AP reports. It all started when Miller, a jobless alcoholic at the...

(Newser) - Prudential is making a profit on death benefits owed to military families—and it's doing so using government funds. When a service member dies, the feds send the full amount of the life insurance policy, usually $400,000, to Prudential. If survivors opt to receive a lump-sum payment, which 95%...