Wal-Mart Collected On Deaths
Some may think its ghoulish for companies to take out such policies, hence the lawsuit. But it is a common practice especially in large companies to put life insurance on key personel to help replace what they may deem a vital position. Even in less vital positions, finding and training an employee costs money. The sudden demise of an employee will cost the company money by not allowing them to realize the return on their training investment. Do I think such policies could be abused? To a point, yes. But seriously, what harm does it actually do the employee? And what good does it do your 401 or mutal funds that are invested in America’s largest retailer?