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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsLake Worth woman sues Walmart citing secret insurance policy on her husband
http://www.palmbeachpost.com/news/news/lake-worth-woman-sues-walmart-citing-secret-insura/nPbPp/By Jane Musgrave
Palm Beach Post Staff Writer
West Palm Beach
When Linda Gaubs 51-year-old husband died of a heart attack in 1994 she said his employer, Walmart, couldnt have been more supportive.
They took up a collection. They brought Christmas presents for the couples three young children. They donated plants for a garden at Liberty Park Elementary School, a project that had been her husbands passion a way of using his skills as a farmer to help out one of his kids school.
Then, last year, the Lake Worth woman got a letter, alerting her that Walmart benefited richly from her husbands death. Like hundreds of thousands of its other employees, the Arkansas-based discount giant had secretly taken out a life insurance policy on her husband when he worked as a department head in the garden center of its store on Forest Hill Boulevard, her attorneys said. Ronald Gaubs death, they said, put between $75,000 and $150,000 in its pockets.
I was floored, she said of the news. Myself and my children were extremely upset that they had profited from his death. Its deplorable.
As if that wasnt enough, she learned she couldnt share in the $2 million the company last year agreed to pay to settle claims filed by other Florida residents who were equally shocked to learn that the death of loved ones had lined Walmarts pockets.
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Lake Worth woman sues Walmart citing secret insurance policy on her husband (Original Post)
monmouth
Jun 2012
OP
Where has she been? I saw this on 60 minutes or some show like that. Crazy
southernyankeebelle
Jun 2012
#3
I personally think it should not be possible to take out a life insurance policy
Swede Atlanta
Jun 2012
#4
That should be illegal. Taking out life ins. w/o someone's knowledge should be illegal!
Honeycombe8
Jun 2012
#8
Jackpine Radical
(45,274 posts)1. Dead peasant insurance.
Quantess
(27,630 posts)2. Dead peasant insurance.
Michael Moore featured it in one of his films. Pretty crass.
southernyankeebelle
(11,304 posts)3. Where has she been? I saw this on 60 minutes or some show like that. Crazy
Swede Atlanta
(3,596 posts)4. I personally think it should not be possible to take out a life insurance policy
on anyone without that person's consent.
Laws to that extent would eliminate this type of pure evil that lurks in big business today.
A Simple Game
(9,214 posts)9. Maybe I'm not looking deep enough, but I see no problems with this other
than they could use the money the policy costs for employee compensation.
But pure evil? Educate me please.
Fuddnik
(8,846 posts)10. Look at it as a Employee Default Swap.
TheDebbieDee
(11,119 posts)5. Haven't big companies been doing this for decades?
Isn't there some kind of waiver for the company to do just this buried in the newcomers' welcome packet from HR?
obamanut2012
(26,201 posts)6. Good -- I think those policies are immoral
All DUs rush to Wally World.
Honeycombe8
(37,648 posts)8. That should be illegal. Taking out life ins. w/o someone's knowledge should be illegal!
This must be some loophole bought and paid for by corporate America.