Intro: According to the Director of Insurance, Missouri is following a national trend to stop insurance deception on military personnel. Courtney Cox has more from Jefferson City.
Missouri officials have proposed new rules to stop life insurance companies from deceiving active military members.
These rules come after national complaints of insurance companies recruiting military officials to help sell policies.
Active military members already receive federal benefits, and rarely need the additional coverage.
Doug Ommen is the Director for the Department of Insurance.
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Run Time: 00:19
Description: "That's the issue. If you have a young enlistee, and they're provided insurance, why would they need to buy high priced insurance product that goes above and beyond the federal benefit? There is no need to."
Missouri's Director of Insurance says military members have been misled into purchasing unnecessary life insurance.
Active military members receive federal benefits, and rarely need the additional coverage.
That's why Doug Ommen and his department have proposed rules to protect soldiers from insurance deception.
Ommen said Missouri is following a national trend.
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| Description: "Nationally there has been complaints involving activities by salespeople who are enlisting military members to sell to our service members." |
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