An employee dies and the company collects the insurance

June 26, 2014 by Lynette Gil

How would you feel if the company that you currently worked at took a life insurance policy on your behalf, but the beneficiary when you passed was not your family or your estate, instead it was the company’s pension plan?
The word “uncomfortable” barely begins to cover how employees at the newspaper The Orange County Register felt when they received an email from their employer, Freedom Communications, asking their consent to do just this.
And it seems that this is not new, according to The New York Times, companies here in the United States are taking out life insurance policies on their employees and collecting the benefits when they die.  Click here to read…

Originally Posted at LIfeHealthPro on June 24, 2014 by Lynette Gil.