Retained asset accounts (RAAs) allow insurers to retain life insurance proceeds and utilize the funds in their operations while compensating beneficiaries with interest payments. The funds are held in the insurers’ general account and have no Federal Deposit Insurance Corporation (FDIC) protection and limited protection from the state insurance guaranty fund. Combined, this exposes the beneficiaries to the financial risk of the insurer. The use of RAAs has had its controversies, especially regarding the information provided to consumers about the use and risks associated with these accounts. Insurers continue to utilize RAAs for life insurance settlements, and beneficiaries continue to leave funds in these accounts. Therefore, to ensure continued education of the beneficiaries, an expansion of consumer disclosures is recommended.