Only the "check book" is not a check book, because it's not a bank, and it's not FDIC insured, and they pay you 1% for an account that earns them 5%:
Lohman, a public health nurse who helps special-needs children, says she had always believed that her son’s life insurance funds were in a bank insured by the FDIC. That money -- like $28 billion in 1 million death-benefit accounts managed by insurers -- wasn’t actually sitting in a bank.Note that her son was a soldier killed in Afghanistan, so they are stealing from the bereaved families of fallen soldiers.
It was being held in Prudential’s general corporate account, earning investment income for the insurer. Prudential paid survivors like Lohman 1 percent interest in 2008 on their Alliance Accounts, while it earned a 4.8 percent return on its corporate funds, according to regulatory filings.
At this point, I normally say, "Not Enough Bullets," but I've used that a bit too much lately, so I will go with the apocryphal end of Marcus Licinius Crassus, who was made to drink molten gold by his captors as punishment for his greed.
*The Finance Insurance and Real Estate sector.