How can you find out of your company has a 'dead peasant' insurance against you?

[Narmer]

Do you just ask? Is the company legally bound to give you the answer?

http://en.wikipedia.org/wiki/Corporate-owned_life_insurance

Corporate-owned life insurance (COLI) is life insurance on employees' lives that is owned by the employer corporation, with benefits payable to the corporation. COLI was originally purchased on the lives of key employees and executives by a company to hedge against the financial cost of losing key employees to unexpected death, the risk of recruiting and training replacements of necessary or highly-trained personnel, or to fund corporate obligations to redeem stock upon the death of an owner. This use is commonly known as "key man" or "key person" insurance. Although this article refers only to practice and policy in the United States, key person insurance is used worldwide.[citation needed]
Congress and the IRS set some guidelines and limits on this practice, because of past abusive practices by some companies. Primarily in the 1990s, some companies aggressively insured a broad base of employees, sometimes without the employee's knowledge and consent. Additionally, the premiums for this insurance were leveraged and deducted, in essence creating a transaction with little or no economic substance - the company essentially put up none of their own money, and received minimal death benefits long term, but gathered significant interest deductions over time - the only "real" value to the transaction. Because this practice was done on a broad base of employees, it was sometimes called "janitor insurance" or "dead peasants insurance."
Today, COLI is most common for senior executives of a firm, but its use for general employees is still sometimes practised, primarily as a real economic transaction for Voluntary Employee Benefit Associations (VEBAs).

 

[highland145]

You are all peasants. I refuse to let you die on the job. Do that sh*t on your own time.

 

[SunnyD]

LOL no. But my company sponsored life insurance plan is funny. There's bonus clauses in it for things like... oh... say I get killed or maimed while kidnapped or held hostage. Extra 10% there. If I get killed/maimed randomly, nope. No extra 10% for that.

 

[ussfletcher]

LOL no. But my company sponsored life insurance plan is funny. There's bonus clauses in it for things like... oh... say I get killed or maimed while kidnapped or held hostage. Extra 10% there. If I get killed/maimed randomly, nope. No extra 10% for that.

They have to make sure they recoup the cost of the phone calls from the kidnapper.

 

[sactoking]

[q]How can you find out of your company has a 'dead peasant' insurance against you?[/q]

Easy, look through the paperwork you signed. Even though an employer has an insurable interest in you as an employee, almost (if not) every state still requires the consent of the celui qui vit before issuing a life policy.