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Originally Posted by kristin
I watched a whole thing about companies taking insurance policies out on their employees. The employees and families have no clue. Bank of America is the worst with over 1 billion in policies, Wal*Mart was like second or third.
7-11 had a few out on their lower-class cashiers. One black, 18 year old was shot and they collected over a million dollars on him. Plus the companies have it for life, so if the kid no longer worked there and died at age 80, 7-11 still would have made one million on him.
It's beyond fucked up.
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how is that even legal?
Can I take out a life insurance policy on someone famous? Or the prez?