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Topic: Dead peasants insurance

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	The Communitarian Network
		Critics have compared these life insurance policies to those purchased by some American slaveholders on the lives of their slaves, who also were unaware of such policies held by their owners.
		Facing congressional curbs, the insurance lobby has placed ads in Capitol Hill newspapers extolling the importance of COLI, calling it "business life insurance" on the grounds that such coverage is essential for the well-being of the corporations involved.
		Whether you call it dead peasants' insurance or use the less stigmatizing term COLI, the ghoulish practice would make a fine case study for the budding ethics programs that are being rushed into the curriculum of business schools since Enron.
	www.gwu.edu /~ccps/etzioni/B413.html (614 words)

	Term Insurance (Site not responding. Last check: 2007-11-06)
		Insurance Insurance is the business of providing protection against financial aspects of risk, such as those to property, life and health.
		Dead peasants insurance So-called dead peasants insurance is life insurance taken out by a corporation on its employees.
		Cost, insurance and freight Cost, insurance and freight, almost always abbreviated to c.i.f, is a term used in international trade.
	www.bo10k.com /Term+Insurance.html (273 words)

	MSN Money - Does your boss want you dead?
		These policies, nicknamed “dead janitors” or “dead peasants” insurance, soared in popularity after many states cleared the way for them in the 1980s.
		When the Killeen, Texas, woman called the company to ask about insurance, she said she was told about a $17,500 policy to which she was entitled.
		The idea that the company would secretly insure lives, and then not share the benefits with the families, "is sick," she said.
	moneycentral.msn.com /content/Insurance/P64954.asp (1440 words)

	insurance in TutorGig Encyclopedia (Site not responding. Last check: 2007-11-06)
		Casualty insurance is a broad category of insurance that includes almost any coverage that is not related to life insurance life, health insurance health, or property insurance property.
		Crop insurance is purchased by farmer s to protect themselves against crop failures due to natural disaster s, such as flood s, hail, and drought.
		Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property.
	www.tutorgig.com /es/insurance (897 words)

	FrontPage magazine.com :: “Dead Americans” Insurance by Lowell Ponte
		"Dead Peasants Insurance" is what critics such as Moore have nicknamed this institution wherein businesses take out life insurance policies on employees — and as the beneficiaries of these policies can collect sizeable sums, tax-free, if an employee (or sometimes ex-employee) dies.
		If "Dead Peasants Insurance" is the terrible evil — albeit legal — that Moore wants us to believe it is, then Governor Howard Dean has been a greedy and grasping accomplice up to his hot red earlobes in that evil.
		As we ponder the exploitation of dead souls and dead peasants, I see some politicians and activists among us who are investing in a policy of exploiting dead Americans.
	www.frontpagemag.com /Articles/ReadArticle.asp?ID=11455 (1837 words)

	Dead peasants insurance (Site not responding. Last check: 2007-11-06)
		If you regularly drive in areas where a GPS signal is intermittent, such as urban environments with tall buildings or in mountainous terrain, Garmin's StreetPilot 2660 has all the features you'll need, including preloaded map coverage and dead reckoning....
		If you regularly drive in areas where a GPS signal is intermittent, such as urban environments with tall buildings or in mountainous terrain, Garmin's StreetPilot 2650 offers extensive map coverage and dead reckoning.
		Law and Order: Dead on the Money is one the best role playing games I have played in a long time.
	www.freeglossary.com /Dead_Peasants_Insurance (286 words)

	Roth & Company, P.C. - Tax Updates - DEAD PEASANTS INSURANCE: IRS ALLOWS RUN, RETAINS 3-1 LEAD
		The ruling is the first taxpayer court victory in the so called "dead peasants" life insurance issue.
		The court ruled that the insurance arrangement covering over 4,000 Dow employees was not a sham.
		According to Tax Analysts, all but 5 of approximately 35 "dead peasants" cases under audit have been settled on IRS terms.
	www.rothcpa.com /archives/000231.php (254 words)

	Group Personal Accident Insurance (...: 11 Nov 2003: House of Commons debates (TheyWorkForYou.com)
		This Bill aims to regulate group personal accident insurance, otherwise known as dead peasants' insurance.May I begin by congratulating the Scottish press on highlighting this sharp practice and, more so, the Scottish Trades Union Congress on its support and advice in preparing the Bill.
		There are many disturbing aspects to group personal accident insurance, and none more so than employers being able to take out life insurance on their employees without the knowledge or consent of that employee or their family.
		The major cases that are being pursued in various states in America against dead peasants' insurance centre on the tax situation regarding the schemes.
	www.theyworkforyou.com /debates/?id=2003-11-11.190.0 (853 words)

	Dead Peasant Insurance on Texas State Retirees? Good God! What's Next?
		In a copyrighted article of the April 30, 2003 Houston Chronicle, by L.M. Sixel it is reported that Rep. Kenny Marchant, R-Carrollton,has introduced a bill to authorize the state to purchase GOLI (Government Owned Life Insurance) or "Dead Peasant" life insurance policies on Texas retirees.
		This clears the way for companies like Dow and Wal-Mart to continue the practice of purchasing dead peasant policies on some of their employees, bypassing the requirement that they receive the employees' permission.
		If passed, the bill would have allowed the state to sell bonds to purchase "dead peasant" life insurance policies on retirees from Texas state government, without their knowledge, and use the proceeds fund state government.
	www.texassportfishing.com /editorial_5.htm (1405 words)

	Term Life Insurance (Site not responding. Last check: 2007-11-06)
		Quotes for term life insurance, instant term life insurance, return of premium term life insurance, individual health insurance, short term health insurance...
		Life Insurance Quotes provides free term life and life insurance quotes for all of your insurance needs.
		A term life insurance policy is the least expensive way to give your family and dependents financial security.
	www.bo10k.com /Term+Life+Insurance.html (228 words)

	Democratic Underground Forums - Companies Gain a Death Benefit
		In many cases, the workers do not know of these policies, and when some have died their families were shocked to discover that insurance companies were paying hundreds of thousands of dollars to the employer.
		And in fact it appears that the appeal of this broader COLI, like many forms of life insurance, is driven not by the need to provide survivors with income but by the generous tax benefits allowed life insurance generally.
		Under current law, the investment gains within a life insurance policy are not taxed, which allows them to build up to fund the death benefit, which itself is free of income tax.
	www.democraticunderground.com /duforum/DCForumID27/22688.html (650 words)

	Globaleyes: Dead Peasants Insurance > update - P45blogs.net (Site not responding. Last check: 2007-11-06)
		Although Michigan has banned dead peasant insurance, the justices decision in the case is still on the books, meaning their reasoning could be used elsewhere.
		insurance is a contract its a fact that most of you morons cannot deal realistically with your own demise.
		Taking out "dead peasants insurance" may save them taxes and be viewed as an investment by the company, but they have been careful to keep this practice quiet.
	www.p45blogs.net /globaleyes/archives/000851.html (1918 words)

	BOLI Go Lightly - Benmark, Inc.
		A Dilbert comic strip named a "dead employee in the conference room" as "employee of the week" because "the company has life insurance on him." Meanwhile the Supreme Court has upheld a ruling in the famous Winn-Dixie case, calling its COLI (corporate owned life insurance) plans, in essence, shams.
		A policy purchased for return, without consideration of a legitimate need for life insurance protection or benefits obligations not only takes undue advantage of employees, but runs a substantial risk of being labeled a sham by the IRS.
		Insurance purchased in this context, for which we like to use the term "bank owned COLI" to distinguish it from policies purchased for return only, represents an efficient and lawful way for financial institutions to offset benefits expenses.
	www.benmark.com /page.asp?pid=1934 (542 words)

	the evangelical outpost: Collecting Dead Presidents from Dead Peasants (Site not responding. Last check: 2007-11-06)
		With Texas proposing to use a form of insurance securitization to help close the funding gap for its teacher pension fund, the issue of “dead peasant” insurance is back in the spotlight.
		Over a hundred of America’s largest corporations have used some form of corporate-owned life insurance (COLI) in which policies are taken out on lower ranking employees with the corporation as the beneficiary.
		You have insurance companies ready to sell more of their “products.” You have investment bankers standing by to grease the skids and take their cut.
	www.evangelicaloutpost.com /archives/000152.html (775 words)

	House Republican: Who Needs Dead Peasants? We'll Just Buy "Dead Pheasant" Insurance.
		The plan states that when hunters kill the birds the state will file life insurance claims on the dead birds and use the proceeds to fund a special retirement program for prominent state politicians.
		The sponsor of HB 9122, a bill to purchase "dead pheasant" life insurance on Texas game birds, stated today that if there was any significant resistance to the bill he would drop it.
		A spokesman for the anonymous republican sponsor of HB 9122 announced today that hearings on the "dead pheasant" bill had been canceled and that the bill would be dropped.
	www.texassportfishing.com /deadpeasant1.htm (694 words)

	Life insurance policies a bone of contention / Paying premiums on wage slaves (Site not responding. Last check: 2007-11-06)
		All took out life insurance policies on their workers -- in some cases without their workers' knowledge or permission -- and collected the insurance proceeds when they died.
		The insurance that companies have taken out on rank-and-file employees, nicknamed janitors insurance, "is in many ways even more abhorrent because it's so modern," Jackson says.
		They say insurance on employees has many benefits for the company and is perfectly legal.
	www.sfgate.com /cgi-bin/article.cgi?f=/c/a/2002/05/05/BU20730.DTL (1336 words)

	Dictionary dead (Site not responding. Last check: 2007-11-06)
		-- no longer having or seeming to have or expecting to have life; "the nerve is dead"; "a dead pallor"; "he was marked as a dead man by the assassin"
		, deadened -- devoid of physical sensation; numb; "his gums were dead from the novocain"; "she felt no discomfort as the dentist drilled her deadened tooth"; "a public desensitized by continuous television coverage of atrocities"
		, lifeless -- lacking animation or excitement or activity; "the party being dead we left early"; "it was a lifeless party until she arrived"
	www.dictionarydefinition.net /dead.html (473 words)

	who has life insurance policies taken out on me (Site not responding. Last check: 2007-11-06)
		Insurance is meant to give homeowners peace of mind, but an increasing number of policy holders are putting themselves at risk by neglecting to insure their home and contents adequately.
		Guaranteed replacement means that if the home is destroyed or severely damaged, the insurance company will pay for it to be rebuilt, whatever the cost.
		This is the most secure form of insurance for the homeowner, as it literally means the home is guaranteed to be replaced, but the deal carries a degree of risk to the insurer.
	www.insurance-andmore.com /articles/144/who-has-life-insurance-policies-taken-out-on-me.html (645 words)

	Rep. Mark Ericks: 1st District, Washington State House Democrats (Site not responding. Last check: 2007-11-06)
		OLYMPIA — A measure aimed at curbing the corporate use of "Dead Peasants Insurance" policies was approved by the House Financial Institutions and Insurance Committee this morning (Feb. 8).
		When the insured person is no longer an employee, he or she would have a right to terminate the policy.
		Mark Ericks, pointed out that Dead Peasants policies "are entirely separate from any life-insurance policy included in a benefits-package provided by the company.
	hdc.leg.wa.gov /members/ericks/20050208_deadpeasants.asp (639 words)

	Homeowners Insurance (Site not responding. Last check: 2007-11-06)
		Farmers Insurance is Back in Texas Market; Homeowners Premiums to Be Reduced by up to 20 Percent
		The insurance limit of $100,000 was far more than enough to protect the average depositor.
		They are mainly (only) sold in Japan, because there are some tax and insurance relaxations and an exemption from the usual requirement of proof of parking.
	www.bonose.com /Homeowners%20Insurance-12.html (542 words)

	FARK.com: (746497) Step 1: Texas plans to buy life insurance polices on old teachers. Step 2: Reduce health insurance ...
		However, if you are an insurance co. or broker with connections to the Texas legislature, you can add your campaign contributions (or possibly straight bribes, not sure how they work this in Texas) to your rate-setting structure and be assured of an even larger profit.
		I thought the reasoning behind these dead peasant policies was that life insurance payments weren't taxed.
		Corporations would simply be investing their money in an insurance company (who then invests it elsewhere) and then wouldn't have to pay capital gains tax on the eventual profit.
	forums.fark.com /cgi/fark/comments.pl?IDLink=746497 (1472 words)

	The Four Hundred--As I See It: Dead Peasants
		The sanitized name for it is Corporate-Owned Life Insurance, or COLI, although critics and industry insiders refer to it as "dead peasants" insurance.
		Despite the fact that insurance companies, which collected an estimated $2.8 billion in premiums in 2001, lobby strongly in support of this barbaric practice, it isn't legal in all states.
		In Texas, for example, the issuance of an insurance policy is guided by the principle of "insurable interest," which requires some evidence that the person requesting the policy stands to suffer financial hardship or tangible deprivation as the result of a loss.
	www.itjungle.com /tfh/tfh010305-story04.html (1619 words)

	Access Washington- State News Release (Site not responding. Last check: 2007-11-06)
		Kirby chairs the Financial Institutions and Insurance Committee in which the legislation was first discussed a couple months ago.
		Today, companies that purchase life insurance policies on their employees aren't required to tell the employees.
		Kirby's bill directs that the companies would have to obtain an employee's consent in writing to take out a policy on his or her life.
	access.wa.gov /leg/2005/Mar/n200529_1675.aspx (329 words)

	LIFE INSURANCE POLICIES (Site not responding. Last check: 2007-11-06)
		Instant online insurance quotes, 200 companies, auto insurance, car insurance, term life insurance, life insurance, health insurance, home insurance, dental insurance, long-term care insurance, renter's insurance, fixed annuities.
		Insurance Rates, Private Health Insurance or Life Insurance Rating or whether its Life Insurance Policies.
		This guide defines life insurance, its purpose, who needs it, types of policies and companies, how to choose the right insurance, and offers suggestions for policyholders.
	policies1.insr.biz /index2.aspx (507 words)

	Companies Profit on Workers' Deaths Through 'Dead Peasants' Insurance (Site not responding. Last check: 2007-11-06)
		And like others that opt out, it had taken out insurance on its clerks to protect itself from the cost of wrongful death or negligence lawsuits arising from workplace deaths.
		I don't mind them taking out life insurance on me but I do object to be refered to by them as being a peasent as if I was a piece of their property.
		The phrase "dead peasant" was coined by the Left.
	www.freerepublic.com /focus/news/669160/posts (1293 words)

	Bank-Owned Life Insurance Presents a Window of Opportunity
		State law requires that the purchaser of a life insurance contract have an insurable interest in the insured at the time the contract is issued.
		Judicial case law and state statutes determine under what circumstances a purchaser of insurance has an insurable interest and, if such an interest exists, to what extent insurance may be purchased on the life of the insured.
		Francis X. Grady, a former attorney for the Federal Deposit Insurance Corp., is the founder of Grady and Associates, a Cleveland law firm specializing in the representation of banks and thrifts.
	library.findlaw.com /2005/Jan/19/133690.html (1167 words)

	dale042602
		The gains in the company's whole-life policies on its workers were tax-free; the company could borrow against the cash value of the policies; and when the worker died, the company - not the worker's survivors - got the tax-free death benefits.
		They offer the workers $5,000 to $10,000 in additional life insurance coverage in exchange for letting the company insure them, not bothering to tell the worker the company stands to collect several hundred thousand dollars when the worker stumbles off into that good night.
		According to the Journal, the laws that the insurance industry persuaded the states to change so they could sell COLI were intended to lessen the incentives to profit from someone's death, say by hurrying it along.
	www.cincypost.com /2002/apr/26/dale042602.html (688 words)

	Wamu's $87 million error over employee insurance
		The company said it will restate earnings for the previous 14 quarters, but said the impact will be "immaterial." Wamu earned $11.5 billion over the period; in the third quarter it earned a little more than $1 billion.
		Those policies are distinct from key-man policies -- which protect the company in the event of the death of an executive deemed crucial to its operation -- or those issued as an executive benefit.
		Labor groups have attacked these policies as "dead peasants insurance" and sought to have them banned legislatively.
	seattlepi.nwsource.com /business/148235_wamu14.html (482 words)

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