When I seen this exposé on CNN I just about passed out. This has got to be one of the most incredible misuse of an employee that can happen. This goes beyond the pale as far as I’m concerned and I have written to my representatives and senators along with the president to end this practice are to give the majority of the benefits to the real beneficiaries. In my mind this is simply criminal.as I note in my letter to the officials this is just another indication that no bailouts never should’ve occurred. And now that we are bailing people out there should be part of the package.
If anyone doubted the greed of the corporations of the United States it is there for everyone to see. These benefits do not end if your relationship with your company ends. If you die 20 years after leaving the company and they have a life insurance policy on you, they get the benefits. This is just wrong. This is just one more thing that we as consumers pay for every time we go to the cash register.
Wal-Mart is one of the biggest users of this policy. Please be assured that they are off my Christmas list this year. This just makes me sick.
Dear Sir
I am writing you today on the issue of the Dead Peasant Life Insurance that corporations purchase on their employees. the insurance is not purchased for the employee but on the employee, betting that employee will die.
I am shocked to the quick to learn of this practice. It is an affront to the American citizens that work for and purchase the goods of these company that pursue this activity.
Life insurance is a personal issue meant to be used for the benefit of the surviving family. Not to be used as just another way that corporations take advantage of and use the Americans who support these company’s.
I plead with you to end this practice. If you cannot end it, pass laws that allow the real beneficiaries to assume the majority share of the death benefits derived from the insurance.
This is just more indication to me that the banks and insurance company’s never should have been bailed out. It is my opinion that from now on, all Corporations, Banks and banking systems leaving the US in international trade, and all Insurance company’s must be strictly regulated. The American public can see what they are doing to our country and our lives, and in your position you must see it even clearer than we do.
I again urge you to end the Dead Peasant Insurance scheme. Thank you for your time and service..
