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Quantess (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:07 PM Original message |
My employer had a life insurance policy on me. I didn't know. |
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zappaman (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:07 PM Response to Original message |
1. Not just companies |
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Yupster (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:14 PM Response to Reply #1 |
12. This used to be true |
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annabanana (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:08 PM Response to Original message |
2. It's true.. You croak & THEY collect.. . .n/t |
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Quantess (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:10 PM Response to Reply #2 |
6. I was wondering....who is the beneficiary? |
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Yupster (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:13 PM Response to Reply #6 |
9. well make a phone call and |
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Quantess (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:25 PM Response to Reply #9 |
15. I looked closer at the statement. It's the slimy company I worked for. |
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Yupster (1000+ posts) Send PM | Profile | Ignore | Tue May-24-11 10:05 AM Response to Reply #15 |
44. Well they were pretty foolish then |
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DURHAM D (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:15 PM Response to Reply #6 |
13. The company you worked for. nt |
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aquart (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:08 PM Response to Original message |
3. If you dropped dead for lack of health insurance, they'd make a bundle. |
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ejpoeta (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:08 PM Response to Original message |
4. yeah that shouldn't be allowed. that is bs. |
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Motown_Johnny (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:13 PM Response to Reply #4 |
11. if there was a law that 50% had to go to next of kin |
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EFerrari (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:08 PM Response to Original message |
5. Search "dead peasant insurance". n/t |
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rurallib (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:29 PM Response to Reply #5 |
18. Watch Michael Moore's "Sicko" for a real good explanation. |
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jorno67 (906 posts) Send PM | Profile | Ignore | Mon May-23-11 06:07 PM Response to Reply #18 |
28. actually it's in "Capitalism: A Love Story |
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rurallib (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 09:21 PM Response to Reply #28 |
39. Thanks - I wasn't sure, but hell, that never stopped me |
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mn9driver (877 posts) Send PM | Profile | Ignore | Mon May-23-11 05:12 PM Response to Original message |
7. Very common. You die, they collect, and the premiums are tax deductible. nt |
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Yupster (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:12 PM Response to Original message |
8. If it's group term insurance |
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liberal N proud (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:13 PM Response to Original message |
10. Many companies do |
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notadmblnd (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:24 PM Response to Original message |
14. I bought into my companies group life policy when I worked for a large corporation |
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Quantess (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:27 PM Response to Reply #14 |
16. That's different. I was never notified. |
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Obamanaut (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 06:07 PM Response to Reply #16 |
29. People who are insured by their employer as "dead peasants" are |
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Quantess (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 06:14 PM Response to Reply #29 |
31. It was somewhere in the fine print. I signed so many papers when I got hired. |
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Obamanaut (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 06:23 PM Response to Reply #31 |
35. If it was in the fine print, and you didn't read that fine print, then you |
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ejpoeta (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:28 PM Response to Reply #14 |
17. this is not the same kind of insurance. you signed up for insurance. |
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Xithras (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:32 PM Response to Original message |
19. My current employer has a split beneficiary policy on me. |
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Quantess (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:39 PM Response to Reply #19 |
20. I made $10 per hour. I was very replaceable. |
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Xithras (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 06:05 PM Response to Reply #20 |
26. A more likely reason... |
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onethatcares (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:40 PM Response to Original message |
21. next time, take one out on your employer. |
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Enrique (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 06:06 PM Response to Reply #21 |
27. lol, great suggestion |
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jtuck004 (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 09:37 PM Response to Reply #27 |
41. And give a certificate for a parachute jump for xmas. eom |
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CherokeeDem (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 05:50 PM Response to Original message |
22. This is nothing new...or sinister.... |
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Quantess (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 06:00 PM Response to Reply #22 |
23. I'm sure it was somewhere in the fine print. |
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The Backlash Cometh (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 06:01 PM Response to Original message |
24. It's a huge conflict of interest. |
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Starry Messenger (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 06:04 PM Response to Original message |
25. "Capitalism: A Love Story" also talks about this. |
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elehhhhna (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 06:10 PM Response to Original message |
30. It was probably NOT a "dead peasant" policy ... |
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Quantess (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 06:16 PM Response to Reply #30 |
32. Wouldn't they have said "Hey, by the way, this is a benefit"? |
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elehhhhna (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 06:44 PM Response to Reply #32 |
37. that depends on whether the HR assistant there isa dumbass or not. |
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lynne (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 06:20 PM Response to Original message |
33. Very common practice for a full time employee and probably NOT a key-man - |
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Dj13Francis (343 posts) Send PM | Profile | Ignore | Mon May-23-11 06:23 PM Response to Original message |
34. It'd make sense |
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jimlup (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 06:31 PM Response to Original message |
36. That way they actually have even more incentive to work you to death. nt |
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tammywammy (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 06:55 PM Response to Original message |
38. I have a life insurance policy through work that's free to me for double my salary. |
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RagAss (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 09:22 PM Response to Original message |
40. If they could sell your organs they would ! |
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BlueIris (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 11:08 PM Response to Original message |
42. I first read about the so called "'dead peasants' insurance" back in 2002. |
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HopeHoops (1000+ posts) Send PM | Profile | Ignore | Tue May-24-11 08:17 AM Response to Original message |
43. I have a vague memory of a story about WalMart taking out such policies on all employees. |
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