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DEAD PEASANTS INSURANCE 'R US

Companies buy life insurance on their employees without their knowledge. When employee dies, the company gets the tax-free payoff. They often use this money for corporate bonuses. When employees leave the company, the policy stays in effect until he/.she dies.

Tuesday, October 6, 2009

ABC News 'Stunned' To Discover Dead Peasant Insurance

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Michael Moore's Capitalism, A Love Story has revealed a deep dark secret to the intrepid reporters of ABC News - so-called Dead Peasant Insurance, the practice of companies taking out secret life insurance policies on their low-level employees, with the benefits paid out to the company upon the employee's death, even if they no longer work at the company.










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Posted by Chimp at 1:51 PM

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Blog Archive

  • ▼  2009 (11)
    • ►  November (1)
    • ▼  October (10)
      • Five life insurance groups unite to battle Moore’s...
      • Lawmaker Targets ‘Dead Peasants’ Insurance
      • Film names Hershey as benefiting from deaths
      • How much are you worth dead to your company?
      • JANITOR INSURANCE
      • ABC News 'Stunned' To Discover Dead Peasant Insurance
      • Talking About Walmart And “Death Panels”
      • Dead Peasant Insurance Policies
      • Does Your Employer Carry a “Dead Peasant” Life Ins...
      • Walmart Wants You Dead: How Walmart Screws it's Em...

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