Does Your Employer Carry a “Dead Peasant” Life Insurance Policy on You?
Filed in Politics on Sep.29, 2009
I remember the story about Wal-Mart collecting $72,820.30 in life insurance on an employee, Karen Armatrout, who died of cancer while working at Wal-Mart. At the time, I didn’t think to look deeper to see if this was a common practice among big corporations.
A Texas attorney, Michael D. Myers, sued Wal-Mart over the Karen Armatrout [...]
Tags: Bank of America, corporations carry life insurance policies on employees in the billions of dollars, corporations take life insurance policies out on employees, dead janitor life insurance policy, dead peasant life insurance policy, Dow Chemical, JP Morgan Chase, Politics, Procter & Gamble, tax breaks for corporations life insurance policies on employees, Wal-Mart, Walt Disney and Winn-Dixie, Wells Fargo



