Imagine dying, and your employer receives a million-dollar check, while your family gets nothing. For decades, major corporations like Walmart and Winn-Dixie took out life insurance policies on their low-level employees-janitors, cashiers, and clerks-without their knowledge. They called it "Corporate-Owned Life Insurance" (COLI). The industry called it "Dead Peasant Insurance."This explosive investigative book traces the history of how companies turned their workforce into a financial portfolio where an employee was worth more dead than alive. It explores the legal loopholes, the...
Imagine dying, and your employer receives a million-dollar check, while your family gets nothing. For decades, major corporations like Walmart and Win...