Metropolitan Life Insurance Co. can’t appeal a decision holding that its practice of paying life insurance benefits through a checkbook-like system violates federal law (Owens v. Metro. Life Ins. Co., 2017 BL 7893, N.D. Ga., No. 2:14-cv-00074-RWS, 1/11/17).
A federal judge on Jan. 11 refused to reconsider a 2016 ruling that the Employee Retirement Income Security Act bars MetLife from paying life insurance benefits through retained asset accounts, which operate like checkbooks that earn limited interest and can be used to draw funds. The judge also denied MetLife’s request for an immediate appeal of this decision, instead allowing ...
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