Life Ins TCA accounts
Is the Metlife TCA account good for a 70 year old beneficiary?
Terry Says
I have no idea why you would even be asking this question. The MetLife TCA is a settlement option offered by MetLife for the payment of claims. A MetLife TCA is not a checking, savings, or money market bank account. Since the MetLife TCA is not a bank account, it is not insured by the FDIC or any government agency.
Did you recently receive a settlement — and are wondering what to do with it? If so, just put it IN THE BANK or in Treasury bills to keep it safe. Please write back with details.
