I always believed that life insurance companies would search and search after someone passes away until they found the policy’s designated beneficiary. I thought they would even hire a private detective to locate a beneficiary if necessary.
I was stunned when I read in the Herald-Leader that companies owned by Kemper Insurance of St. Louis are actively working in Frankfort to avoid paying life insurance claims to rightful beneficiaries.
And I was truly disgusted when I read that 9,000 of Kemper’s policies were burial policies sold door-to-door in low-income neighborhoods.
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The job of our government is to protect us from predators. How can Gov. Matt Bevin and Kentucky Insurance Commissioner H. Brian Maynard justify helping these loathsome scoundrels cheat the elderly and the poor?
Thanks to Herald-Leader reporter John Cheves and former state Rep. Bob Damron for bringing this matter to light.