jimpeel
Well-Known Member
This is just too easy. In your zeal to selectively quote from the article, you conveniently forgot these other facts FROM YOUR OWN LINK.
Companies (not just Wal-Mart) routinely take out secret life insurance policies on the lives of their low-level employees ...
The policies are called corporate-owned life insurance policies or COLIs for short.
It is impossible to know how many companies purchased COLI policies on their employees because of secrecy surrounding the policies. But an attorney for the Hartford Life Insurance Co. estimated that one-fourth of the Fortune 500 companies have them, which cover the lives of between 5 million and 6 million workers.
For example, Procter & Gamble and AT&T have them, but representatives of both companies would not comment on the details.
While COLIs are usually kept under wraps, they have suddenly become the focus in a lawsuit here against Wal-Mart, one of the city's largest employers, and Camelot Music.
Proctor & Gamble make the following products. Are they an unfeeling corporate entity? Do you use any of their products?
Air Fresheners
Febreze Air Fresheners
Antiperspirants & Deodorants
Old Spice
Secret
Baby & Child Care
Charmin
Children's Pepto
Dreft
Luvs
Pampers
Pampers Kandoo
Puffs
Batteries
Duracell
Body Wash & Soap
Camay
Ivory
Noxzema
Olay
Old Spice
Safeguard
Zest
Colognes
Old Spice
Cosmetics
CoverGirl
Max Factor
Dish Washing
Cascade
Dawn
Ivory
Joy
Feminine Care
Always
Tampax
Hair Care
Aussie
Head & Shoulders
Herbal Essences
Infusium 23
Pantene
Hair Color
Clairol
Health Care
Align
Braun
Fibersure
Metamucil
Pepto-Bismol
Prilosec OTC
ThermaCare
Vicks
Household Cleaners
Bounty
Febreze Air Fresheners
Mr. Clean
Mr. Clean AutoDry Carwash
Swiffer
Laundry & Fabric Care
Bounce
Cheer
Downy
Dreft
Era
Febreze Air Fresheners
Gain
Ivory
Tide
Oral Care
Braun
Crest
Crest Glide
Crest Whitestrips
Fixodent
Gleem
Scope
Oral-B
Paper Products
Bounty
Charmin
Puffs
Pet Nutrition
Eukanuba
Iams
Prescription Drugs
Actonel
Asacol
Dantrium
Dantrium IV
Didronel
Enablex
Macrobid
Macrodantin
Prestige Fragrances
BALDESSARINI
BOSS
BOSS SKIN
bruno banani
ESCADA
Ghost
Giorgio Beverly Hills
HUGO
LACOSTE
NAOMI CAMPBELL
PUMA
Valentino
Shaving
Braun
Gillette Fusion
Gillette M3Power
Gillette SatinCare
Gillette Venus
Skin Care
Braun
Gillette Complete Skincare
Noxzema
Olay
Small Appliances
Braun
Snacks & Coffee
Folgers
Home Café
Millstone
Pringles
SOURCE
Have you boycotted these products?
Do ou have Sprint service? That's AT&T an unfeeling corporate entity.
If Wal-Mart is an unfeeling coroprate entity, what does that make the Hartford Life Insurance Co. and AIG Life Insurance Co.? which sold them the policies.
When a company well-versed in insurance codes comes to Hartford to buy COLI policies, Hartford does not pay attention to whether "insurable interest" needs to apply, Chasnoff said.
Meanwhile, National Convenience Stores also has bought accidental death policies on its employees. When an employee died at work, such as in a robbery, NCS received $250,000, Clearman said.