October 3, 2009

Are you a 'Dead Peasant' ??

Dead Peasant Insurance-- a life insurance policy your employer takes out on you, naming themselves as the beneficiary. Meaning, your company profits when you die.

That's right. It's legal, and it happens all the time.

Read up:
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And here's a clip from Capitalism: A Love Story:



And even though this story broke a long time ago, ABC is surprised to learn about it from Michael Moore: