Life insurance to be available at Walmart locations

Walmart health Insurance

The largest retailer in the world is working with New York based insurer MetLife to sell the products. Walmart has just announced the beginning of a pilot program that it has undertaken with MetLife, in order to sell prepaid life insurance policies to shoppers at 200 of the retailer’s locations in South Carolina and Georgia. Customers in the stores will be able to purchase the coverage as they would any other item in the store. According to the MetLife senior vice president of consumer direct business, Manish Bhatt, “We believe…

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MetLife agrees to settle life insurance claims in several states

auto Insurance fraud

The life insurance giant has agreed to a multistate settlement following regulator allegations among many states. MetLife Inc., the massive company that provides life insurance to millions of individuals across dozens of states, has announced that it will make approximately $438 million in payments toward a multistate settlement following allegations from regulators that said that it had withheld or delayed payments to thousands of policyholders. The payments will be made to beneficiaries over the next 17 years, with payments worth $188 this year. Regulators in many different states have all…

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