Nothing upsets people more than when loved ones get screwed by insurance companies, and that is what is happening to the families of six deceased soldiers by Prudential Financial, according to lawsuit documents. These documents state that the insurer paid out small amounts and kept the higher interest rates for themselves.

The attorneys for these patriotic families are seeking to file as a class action suit stating that Prudential was using bookkeeping techniques in order to keep the beneficiaries from collecting larger sums of money. Misrepresenting the amounts that the beneficiaries can collect could get Prudential in very deep trouble.

Prudential Financial Collects on Deceased Military Personnel

A company spokesperson announced that they stand fast with the handling of the payouts, and stated that they were deferential to the needs and grief of the families and beneficiaries needs. If the lawsuits go through, this could affect thousands of other families in regards to military insurance benefits for their deceased loved ones.

The insurance money is supposed to accrue interest at 0.5 to 1.5 percent but that families say it has been sitting in a $200 billion account that collects 5 to 6% interest, and the financial company is the one that collects and pays out the lower interest.