corporate greed

[kamiam]

major corporations are making money on the deaths of FORMER employees deaths bt taking out insurance policies on their RANK AND FILE employees even if the employee left thier employment ...corporate greed

 

[HOWITIS]

when coperations stop being greddy there will be no corperations. their not in the game to bake cookies.

 

[kamiam]

<< when coperations stop being greddy there will be no corperations. their not in the game to bake cookies. >>

to try and make money off a dead FORMER employee is just plain sick...

<< . their not in the game to bake cookies >>

and they shouldn't be in a game of making money off the dead...unless thier business is a MORTURARY:disgust::|

 

[NuclearFusi0n]

There's nothing wrong with them taking out insurance policies on their employees....It's their money, let them spend it how they like (unless they kill their employees :Q)

 

[ChrisIsBored]

<< There's nothing wrong with them taking out insurance policies on their employees.... >>



If you read the article though... apparently they took out the life insurance policy two weeks after he stopped working there.

 

[NuclearFusi0n]

<<

<< There's nothing wrong with them taking out insurance policies on their employees.... >>



If you read the article though... apparently they took out the life insurance policy two weeks after he stopped working there. >>


nothing wrong with that either.

 

[Moonbeam]

Dying without an insurance policy is like environmental waste. Why waste a perfectly good death by not collecting on it.

 

[Mister T]

its not corporate greed... its risk management.
Most of the outcry stems from pissed off family members because they or their loved one that died were ill prepared to deal with such an event. So, they blame the corporation - which realizes the risk and hedges it - for collecting insurance (who paid for it).

Next your going to tell me that the corporation has enslaved the poor man right?

 

[ScottyB]

I don't think anyone but the person in question should be able to take out life insurance on said person.

 

[XZeroII]

What if the person lives to 100? That would be a real waste of money, wouldn't it? They are taking a risk. Now if they started driving a van around running people over, that would be a different story. Anyway, what do you care? They could have an insurance policy on you, but what harm is that causing you? None. If they want to take out an insurance policy on me, fine. I plan to live forever, and it will be a waste of money.

 

[Linflas]

The thing I cannot figure out in all this is why insurance companies allow it. I thought you had to have an insurable interest before you could take out a life insurance policy on an individual? It would seem to me that once the employee leaves the company any insurable interest they might have had ceases to exist. Then again I am not in the insurance business so really have no idea of what all the requirements and legalities are.

 

[Hammer]

If anyone should be upset it should be the insurance companies, they're the ones who are losing on this.

 

[cavingjan]

My company has insurance policies on us. Makes sense to me. If one of our travelling inspectors dies, we are going to have to spend 6 months training someone else to do the job. That's a lot of time effort and money to do so. The insurance policy covers that. BTW the the employees also have their own policy for their families, etc paid by the company.

 

[vi edit]

<< My company has insurance policies on us. Makes sense to me. If one of our travelling inspectors dies, we are going to have to spend 6 months training someone else to do the job. That's a lot of time effort and money to do so. The insurance policy covers that. BTW the the employees also have their own policy for their families, etc paid by the company. >>



Yeh, that's pretty much what I have to say about it. I've been in one job in particular that takes WELL over a year to get fully trained for the position. It's a very difficult position to fill, and requires a very special type of person to do it. The company spent a lot of time and money training me for that job and if I had kicked the bucket a couple months after training, then my employer would be out several thousand dollars on me.

If spouces/family members aren't responsible enough to pay $5-$20 a month for a life insurance policy, it's their problem.