Tag Archives: gets-nothing

ABC News ‘stunned’ to discover dead peasant insurance

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. * * * * * * * How would you like it if, when you die, your family gets nothing but your employer gets millions? added by: Vierotchka 14 responses

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ABC News ‘stunned’ to discover dead peasant insurance