Forged MetLife ‘checks’ show retained-asset risks

Investment News -- After her mother died, Jasmine Williams was assured by MetLife Inc. that her $101,819 in life insurance benefits were safe and was sent what the company called a guaranteed money market “checkbook” in 2002.

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“I’d never keep money with an insurer, and I’d never recommend a client do it,” says Gerry Beyer, who teaches estate planning at Texas Tech University School of Law in Lubbock. “It isn’t financially protected.”

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