I fail to see the problem. I have policies on my whole road...

sure whats wrong with that. If you pay the premium you should get the return. No different than putting insurance on any other part of your business. The fact that people acknowledge that human tacit knowledge is amjor part of a business and should be insured against loss is perfectly normal. Sure its easier to replace a burnt down warehouse than a dead person.

And sure if the person had personal insurance sure wouldn't the family get that.

Are you people for real? LISTEN: THIS WAS ALWAYS ILLEGAL before the 80's to prevent people from profitting from MURDER, DUH!

Secondly, COMPANIES DON'T CARE ABOUT EMPLOYEE SAFETY when they can profit from their death. Why be concerned with hazardous waste, unsafe machinery, understaffing and overwork, etc...when if someone dies they get paid and save money by not paying for a safe work environment. DUH!

LAST, IT IS IMMORAL AND DANGEROUS FOR BUSINESSES TO TREAT PEOPLE LIKE COMMODITIES, or for ANYONE who is not your loved one to be able to USE YOUR NAME AND LIFE for profit. There's an old story about an evil red horned entity who made his living by profitting from the deaths of people whose name, body and soul he claimed a right to...and even HE HAD TO GET THEIR PERMISSION first!

I'll bet you're all managers or future managers, already learning to separate your common sense and humanity from what you'll do to get ahead and kiss the companies ass. Anyhthing for a buck!

I agree with Ms. Marquise above.. Bravo!!!

I sometimes am not sure if you folks are joking or not.. What do you mean.."If you pay the premium, you should get the return".. The company doen not morally have the RIGHT to even be making these premiums! Why should they have an interest on our lives in the first place? Only our family, and CHOSEN friends have such a RIGHT.

First they overwork our live bodies, then they RAPE AND PILLAGE OUR DEAD ONES! THEY BENEFIT OFF OUR DEATHS!

Do any of you really feel comfortable,knowing that your boss is going to BENEFIT FINANIALLY FROM YOUR DEATH?

I cannot believe the maddness! Remember folks, this practice happens to those who are even
EX-employees that are receiving Worker's Compensation benefits. scary. Worker's comp benefits can last 5 years, but a bullet only costs 30 cents. I'm scared. Please come help me Michael Moore!
X.

You should only be able to have insurance on someone that is related to you. Otherwise why couldn't I go around and insure all the homeless people in my city?

Kudos to Michael Moore for exposing this unsavory bit of capitalistic culture. The very notion that a corporation that I work for (very hard, mind you, stuffing them envelopes) has taken out a life insurance policy on me in which they have named themselves THE BENEFICIARY OF THAT POLICY makes me ill.

Michael Moore states companies with these policies stand to make more money off their employees when are dead than they would if the employee is alive and contributing to the profitability of the corporation. True, the policies are written so that corporations are beneficiaries -- not the deceased families -- and technically they (the corporations) would be entitled to whatever benefit is due. However, this does not mean, by any stretch of the imagination, that this is morally responsible – even though we now have corporate “morality“ and “accountability” in America (thanks to George W. Bush & Co.). The truth is this is morally reprehensible, not to mention insulting.

Instead of just looking at GE, JP Morgan Chase, CitiCorp, Dow Chemical and numerous others who have these policies, we should look at the entire insurance industry as well. After all it is AIG, AXA, Chubb, MetLife, etc. who are responsible for underwriting these policies to begin with.

FYI, see http://www.rothcpa.com/archives/000231.php announcing a decision made in Michigan regarding Dow Chemical. Although Michigan has banned dead peasant insurance, the justices decision in the case is still on the books, meaning their reasoning could be used elsewhere.

you cry babies, moral this and moral that, "rape and pillage our bodies"?? what drama queens. insurance is a contract its a fact that most of you morons cannot deal realistically with your own demise. thats the real issue here, and if you are too poor/cheap/stupid to buy your own insurance policy to provide for your family while you overeat/smoke/drink yourself to death tough shit. the company paid the premiums they should get the benefit. there are HUGE incentives for companies to provide a safe work environment, its called ATTORNEYS like me who will sue thier ass off. 64,000.00 dollar life policy an incentive to have a unsafe work environment?? LOL what a laugh, try a 20 million lawsuit for an unsafe work environment. if you imbeciles would think a bigger you might be able to quit this bullshit job you are complaining about and do something with your life and FOR your families so they arent chasing down a measley 64k to bury your loser ass. LOL WAKE UP STUPID

What it boils down to is this ~ they have no right to benefit from workers' deaths. Taking out "dead peasants insurance" may save them taxes and be viewed as an investment by the company, but they have been careful to keep this practice quiet. You as a worker have no right to know about such a policy, but they have the right to collect on your death. Makes me wonder exactly who runs this country.

As for what the_truth posted ~ your post, sadly lacking proper grammar, spelling and punctuation, doesn't lead me to believe that you are an attorney. Try a little harder next time.

THE TRUTH,
YOU ARE A MORON AND A LIAR. FIRST, WHAT LAWYER TALKS LIKE AN UNEDUCATED 8TH GRADER? IF YOU REALLY ARE A LAWYER, CONGRADULATIONS ON YOUR LAST DIVORCE SETTLEMENT. THAT MAY BE THE ONLY LEGAL ACTION YOU SHOULD BE ALLOWED TO HANDLE.and if you are too poor/cheap/stupid to buy your own insurance policy to provide for your family while you overeat/smoke/drink yourself to death tough shit.SECOND, THIS COMMENT PROVES WHAT A DOLT YOU TRULY ARE. BEING POOR? HOW MANY TRULY POOR PEOPLE WORK FOR ANY COMPANY LARGE ENOUGH TO ENACT THIS INSURANCE POLICY? EVEN MAKING A PITTANCE FOR WAL-MART, THEY HAVE INSURANCE POLICIES WHICH ARE AFFORDABLE ENOUGH FOR ANYONE TO HAVE ONE. LONG AGO, UNIONS SAW TO THAT. THEY MUST NOT HAVE TAUGHT YOU THAT IN LAW SCHOOL. BEING CHEAP? WHAT DOES BEING CHEAP HAVE TO DO WITH SOMEONE ELSE TAKING A POLICY OUT ON YOUR LIFE? IF YOU CHOOSE NOT TO SPEND MONEY TO INSURE YOURSELF, WHAT MAKES IT RIGHT FOR SOMEONE ELSE TO DO IT FOR YOU, THEN COLLECT WHEN YOU DIE? I COULD SEE IT IF THEY KEPT A PERCENTAGE, THEN GAVE A PERCENTAGE TO YOUR FAMILY TO HELP WITH BURIAL COSTS, BUT MAKING 300 G'S TOWARDS YOUR NEXT PORSCHE DOES NOTHING TO BUILD CONFIDENCE IN YOUR EMPLOYEES, NOR DOES IT HELP INSTILL TRUSTWORTHYNESS, OR LOYALTY. ASK YOURSELF IF YOU WOULD NOT MIND AT ALL IF SOMEONE ELSE CASHED IN ON YOUR EXISTENCE, THE VERY PERSON WHO ISN'T PAYING YOU ENOUGH, OR THE VERY PERSON THREATENING TO MOVE YOUR JOB TO MEXICO. ARE YOU CAPABLE OF THINKING LIKE THAT? FINALLY, BEING STUPID? WHO SAYS HAVING LIFE INSURANCE IS SMART? THATS SOME CRAZY ASSUMPTION INSTILLED BY STUPID, RICH WHITE ASSHOLES. THE SAME ASSHOLES WHO OWN THE COMPANIES YOU PAY INTO, MONEY EVERY MONTH, AND AT THE END OF YOUR LIFE, IS 6,000 DOLLARS REALLY WORTH THE TENS OF THOUSANDS YOU PAY IN? THEY ADD STIPULATIONS, CONDITIONS AND OTHER REASONS YOU SHOULDN'T COLLECT WHAT IS RIGHTFULLY YOURS. YOU WANT TO KNOW SMART? STOP PAYING THESE MEN, AND KEEP YOUR MONEY IN A BANK, OR INVEST IT. WITH ANY INSURANCE, LIKE CAR INSURANCE, IF YOU DON'T WRECK YOUR CAR, SHOULDN'T YOU GET MONEY BACK? IF YOU LIVE LONGER THAN EXPECTED, WOULDN'T YOU PREFER TO HAVE THAT MONEY YOU KEPT PAYING IN, WHEN IN THE END, YOU ONLY GET A FRACTION BACK? WANNA GIVE YOUR MONEY AWAY? SEND IT TO ME, THEN, I COULD SEND YOU 20% BACK. IS THAT SMART, SINCE YOU OBVIOUSLY ARE THE JUDGE OF INTELLIGENCE? OR IS THAT WHAT YOU ARE REPEATING, BECAUSE YOU REALLY DON'T, OR CAN'T THINK FOR YOURSELF?

Insurance

It's impossible not to pity STUPID people like Truth. What a dumbfuck he is. As an aspiring law student it makes me happy to know that the competition out there is so weak(intellectually).I guess I'll find the job market morefor me because I can actually read/write/spell. The last time I read something that inarticulate it was written by George Dubya. You can't tell me that the average Walmart employee can afford life insurance. They don't even have real health insurance. As far as Dead Peasants go at least we're getting some honesty from these megalomaniac corporate vultures who own us all. At least they came right out and said they think of us as peasants. Most people don't realize how deep the corruption is in this capitalistic country of ours. I like to call our political system democorporatic. Now that's closer to the TRUTH

I quite agree with all the comments against this practice, and frankly find it quite disturbing, to say the least. I too am a HUGE Moore fan (even though I disagree with a few things he says), although I had to express some reservations about this. When I conducted a web search and found this site and others, though, I became convinced.

It's amazing that such insensitive people even have the guts to voice such sentiments as "Truth" has (and why is it that we always hear "the Truth" from people who are the biggest liars, i.e., useful idiots/finger puppets for the conserative right?). I just have one question: how is something like this even allowed to happen in the first place? Don't you have to get a physical examination first in order to get a life insurance policy? If so, how does the Dead Peasants Policy work any differently?