Did you know that the company you work for might have a "Dead peasants" life insurance policy out on you?
There are many United States laden companies that are forking over $8 billion in life insurance policies every year, that are meant to cover sickened, soon projected to be dead, and terminally ill people.
An example of these companies: Walt Disney; Proctor & Gamble; Winn - Dixie; Nestle; Wal - Mart; Bank of America and American Express, have taken out such life insurance policies and these companies are expected to reap in billions of dollars for taken out such life insurance policies.
Why is this a problem? Well, that's because the companies take them out on individuals without the persons knowing of such activity. Families of such victims are never told of this, and when you die -- perhaps years after you leave your employer -- the tax-free proceeds from this policy wouldn't go to your family. The money would go to the company.
I am quite shocked as I have just learned this. Truly, this cannot be acceptable in society, shall it be? I have always had it out for the 'Wall Street - U.S. government relationship', and the perpetual corruption that swirls within, however, this has just stooped to an asinine low. How could this possibly be, well, possible?
I don't know about you, but I'm gonna continue shopping at the mom and pop stores as I've always have. Sure, they might be a little more expensive but, look at what you're really saving.
- Anonymous9 years agoBest Answer
This is not a new practice. It is not limited to the corporate world. It is not limited to the United States.
- 9 years ago