Dead Peasants (update)

Dead Peasant insurance policies are taken out by companies as life insurance against the death of an employee. I first heard about this while watching Michael Moore’s Capitalism: A Love Story. After mentioning it, a commenter to the blog stated that employee’s know absolutely well that such a policy is being taken out by their company and that they ‘have to sign the forms.’ This is an opposite opinion to the views expressed in Moore’s picture by two families who had loved ones die and found out later that their respective employers had cashed in on the loss. So, I dug a little deeper and found further information HERE, HERE and HERE – all discussing the fact that Dead Peasant policies are usually taken out WITHOUT the employee’s knowledge. Why are some people so quick to always defend these monsters? It’s only obvious that profit motives really only reward the people at the top. Worker bees are just that. Hmmm…


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