Bloomberg Markets magazine’s David Evans talks about an agreement between the U.S. Department of Veterans Affairs and Prudential Financial Inc. that enabled the insurer to withhold lump-sum payments of life insurance benefits for survivors of fallen soldiers. The veterans agency said today that Prudential will now send beneficiaries a check when they ask for a lump-sum benefit payment rather than keeping the money and mailing a checkbook. Evans speaks with Margaret Brennan on Bloomberg Television’s ‘InBusiness’.

This signed amendment to Prudential’s contract is the first document to show how Department of Veterans Affairs officials sanctioned a payment practice that has spurred investigations by lawmakers and regulators.

This signed amendment to Prudential’s contract is the first document to show how Department of Veterans Affairs officials sanctioned a payment practice that has spurred investigations by lawmakers and regulators.

The U.S. Department of Veterans Affairs failed to inform 6 million soldiers and their families of an agreement enabling Prudential Financial Inc. to withhold lump-sum payments of life insurance benefits for survivors of fallen service members, according to records made public through a Freedom of Information request.

The amendment to Prudential’s contract is the first document to show how VA officials sanctioned a payment practice that […]