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Make sure to check settlement options on life insurance plan

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Written on:May 12, 2011
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Make sure to check settlement options on life insurance plan

If you live in the state of Texas you may want to review your life insurance policy and read all the terms associated with it. According to a recent survey conducted by the Texas Department of Insurance (TDI) several life insurance companies place beneficiary payments into a Retained Asset Account (RAA) instead of directly paying the beneficiary. In a survey of 160 life insurance companies the TDI found that around…

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