General Discussion

DeSwiss

(27,137 posts)

30. Corporations betting on death is nothing new......

Wed Jun 11, 2014, 09:31 AM

Jun 2014

...in fact they invented it by financing both sides of their wars for fun and profit. But this is particularly ghoulish though. How can it be legal to require an employee to sign such an insurance policy as a condition of working there?

- Good on ya!

K&R

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I just turned down a website content contract on principle. [View all] MineralMan Jun 2014 OP

Good job! Tainted money WhiteTara Jun 2014 #1

I agree. There are several types of websites I won't write. MineralMan Jun 2014 #4

Do you believe in Rainbows? WhiteTara Jun 2014 #9

I write all of the content for small business websites, MineralMan Jun 2014 #14

Thanks. I'll keep on keeping on. WhiteTara Jun 2014 #18

You can probably tell your business's story better MineralMan Jun 2014 #23

Thanks for that. seo and linking are my very weakest areas. WhiteTara Jun 2014 #26

There are websites smallcat88 Jun 2014 #45

you are assuming I am WhiteTara Jun 2014 #82

Actually smallcat88 Jun 2014 #84

Do you have a website yet? Celebration Jun 2014 #96

Yes, we do have a website WhiteTara Jun 2014 #97

Good for you! LiberalEsto Jun 2014 #2

These banks provide this "bene" if an employee likes it or not? Eleanors38 Jun 2014 #3

They must have the employee's permission. MineralMan Jun 2014 #5

It is ugly. Corporate power IS in charge. Eleanors38 Jun 2014 #19

In many cases, permission is obtained before the person is hired. MineralMan Jun 2014 #21

That's what I figured. You did the right thing. Eleanors38 Jun 2014 #34

hmmm, I was unaware of these Leme Jun 2014 #6

Yes. There are serious tax benefits. MineralMan Jun 2014 #10

Hmmm, didn't we have a run on banker deaths in a certain company awhile back? n/t woodsprite Jun 2014 #12

Yes. There was an unusual rash of deaths MineralMan Jun 2014 #16

Wonder if being labled 'suicide' negated the payout woodsprite Jun 2014 #17

Probably not. Suicide clauses are normally time-limited MineralMan Jun 2014 #20

Wal-mart is the premier leader in this practice packman Jun 2014 #28

There is something I don't understand about this whopis01 Jun 2014 #58

Good question - packman Jun 2014 #72

That's an excellent question. The real reason for the popularity of the policies was... PoliticAverse Jun 2014 #90

You must not have watched Michael Moore's 'Capitalism: A Love Story.' Hissyspit Jun 2014 #75

I have now, thank you Leme Jun 2014 #77

Take the gig... lame54 Jun 2014 #7

Well done! rock Jun 2014 #8

Just what I love! Someone who acts on principle! woodsprite Jun 2014 #11

"Janitor Insurance" Cooley Hurd Jun 2014 #13

Yup. That's it, but dressed in an expensive suit. MineralMan Jun 2014 #15

one sees stuff like this on the Twilight Zone Leme Jun 2014 #22

NEW fiction: "Death Benefit" by Robin Cook & "The Gods of Greenwich" by Norb Vonnegut proverbialwisdom Jun 2014 #57

Good work. I have instructed my money mgr to stay out of the death industries Doctor_J Jun 2014 #24

Good karma always comes back to reward you. Baitball Blogger Jun 2014 #25

Ethical behavior is its own reward, in my opinion. MineralMan Jun 2014 #31

yes and yes Voice for Peace Jun 2014 #38

Good outlook. klook Jun 2014 #73

typical of american financial practice(s) heaven05 Jun 2014 #27

Kudo's for not dealing with what I've heard called 'dead peasants' policies azurnoir Jun 2014 #29

Corporations betting on death is nothing new...... DeSwiss Jun 2014 #30

From my research, it appears that some changes MineralMan Jun 2014 #32

I applaud you for turning it down. JayhawkSD Jun 2014 #33

I had no contact with the actual company. MineralMan Jun 2014 #60

Well, of course you have better judgement than I do JayhawkSD Jun 2014 #88

It's a despicable practice and not supporting it is admirable, mountain grammy Jun 2014 #35

Thank you LittleGirl Jun 2014 #36

so a corporation might arrange for a plane full of employees to disappear? Voice for Peace Jun 2014 #37

I'd like to think that wouldn't happen. MineralMan Jun 2014 #61

i know. shame on me for even having the thought. Voice for Peace Jun 2014 #63

Good for you!!! WinstonSmith4740 Jun 2014 #39

Defensible, but... Helen Borg Jun 2014 #40

Good for you. Thank you LoisB Jun 2014 #41

A DU success story!! RobertEarl Jun 2014 #42

Placing principle before money. Well done. kairos12 Jun 2014 #43

It does sound kind of creepy but how does it harm the employee? You aren't suggesting that A Simple Game Jun 2014 #44

well, I am making this up in a way Leme Jun 2014 #59

But how is the employee hurt? n/t A Simple Game Jun 2014 #67

. Hissyspit Jun 2014 #76

Good for you MM. geardaddy Jun 2014 #46

Good job! smallcat88 Jun 2014 #47

I have taken a stand on principle today, too. woo me with science Jun 2014 #48

What is your stand? That you are not voting Democratic? nt msanthrope Jun 2014 #70

What a devastating, revealing response from you, msanthrope. woo me with science Jun 2014 #80

Um no....I didn't read your post so much as I'm asking about the third party candidate msanthrope Jun 2014 #87

Amen.... daleanime Jun 2014 #49

arranging it so they profit from their employees' deaths? what could possibly go wrong? unblock Jun 2014 #50

Great post and response. think Jun 2014 #51

Those kinds of plans are (or at least used to be) illegal in Florida. It would not surprise me, 1monster Jun 2014 #52

Good for you, MM. If more people would do that, the world would be a better place. tblue37 Jun 2014 #53

Great to see someone standing up for their principles like this! The Road Runner Jun 2014 #54

Good! I wouldn't work for professional crooks either! Initech Jun 2014 #55

I've read about this obscene practice. Thanks for bringing it to wider attention... Hekate Jun 2014 #56

It's a variation on "dead peasant insurance" Warpy Jun 2014 #62

Are those the 'Dead Peasant' policies? If so, I thought they were made illegal a few years ago? sabrina 1 Jun 2014 #64

No, they weren't made illegal. Some rules were changed in 2006, but they are MineralMan Jun 2014 #65

I wasn't sure what happened to them, frankly, but thought with all the negative coverage sabrina 1 Jun 2014 #66

Michael Moore's 'Capitalism: A Love Story' touched on this ugly practice. Snarkoleptic Jun 2014 #74

I remember that. He must feel so frustrated at times, he has exposed so much hoping it will help sabrina 1 Jun 2014 #78

No, they weren't made illegal. The main issue with them concerned tax treatment. Companies... PoliticAverse Jun 2014 #79

Rec. nt Zorra Jun 2014 #68

I applaud you for sticking to your principles. ohheckyeah Jun 2014 #69

I applaud you for holding to your principles. southerncrone Jun 2014 #71

Mineral man for Presidente ....nt pbmus Jun 2014 #81

Very good. Thanks for posting. nm rhett o rick Jun 2014 #83

Good for you! joanbarnes Jun 2014 #85

Good old "dead peasant" policies. These should be illegal eridani Jun 2014 #86

good for you!!! I hope many decent, ethical clients will find you. dead peasant insurance is almos niyad Jun 2014 #89

The employer is presented with a conflict of interest. TexasTowelie Jun 2014 #91

Good work. caseymoz Jun 2014 #92

Good for you. mnhtnbb Jun 2014 #93

OK, I must be thick . . . MrModerate Jun 2014 #94

The prime reason for the popularity of the policies was to shield some corporate income PoliticAverse Jun 2014 #98

I applaud you ... 1StrongBlackMan Jun 2014 #95