Soldiers' Insurance

By  | 

Several Fort Benning soldiers say they were misled into buying life insurance, when they thought they were buying investments.

Five soldiers appeared at a hearing Thursday before Georgia Insurance Commissioner John Oxendine, who held a similar hearing last month in Hinesville for Fort Benning military personnel.

Oxendie is investigating claims of misleading practices to sell life insurance to military personnel in Georgia, mostly at Fort Stewart and Fort Benning. The investigation follows a New York Times report which claimed members of the armed forces were taken advantage of by insurance agents, some of whom were military retirees.

According to Rich McDowell, a Fort Benning spokesman, since the investigation began several insurance companies have been added to the post's off-limits list, including: American Amicable Life Insurance Company of Texas, American Fidelity National Life Insurance Company of Oklahoma and Madison National Life Insurance Company of Birmingham, Alabama.