House OKs shielding GIs from dubious sales offers

WASHINGTON (Reuters) - U.S. soldiers about to ship out to war zones would get protection from sales pitches for high-cost low-benefit life insurance and other dubious financial products under legislation approved by the U.S. House of Representatives on Tuesday.

The bill, approved 405-2, would allow military post commanders to ban from their bases unscrupulous sales agents who have been offering soldiers products such as mutual fund plans with 50 percent sales commissions, or expensive life insurance policies with very low death benefits.

Semper Fi

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