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Life Ins TCA accounts

By Terry Savage on December 04, 2018 | Wild Card

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.

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