Anonymous ID: f2384e July 8, 2022, 5:27 p.m. No.16691667   🗄️.is 🔗kun

>>16485880

 

https://www.policygenius.com/life-insurance/dead-peasant-insurance/

 

The nickname dead peasant insurance started in the 1980s, when several large companies — including Walmart, Procter & Gamble, Nestle, and Winn-Dixie — bought corporate-owned life insurance policies on thousands of regular employees. [1]

 

This was done for tax benefits, not to profit from the deaths of employees. But because companies did it without telling employees — and raked in millions through tax breaks and death benefits — critics started calling it dead peasant insurance.