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A comment on An Employee Dies, and the Company Collects the Insurance.

Re:An Employee Dies, and the Company Collects the Insurance by gdilla on Monday June 23, 2014 @04:38PM (#7934488)
Had no idea this was going on. I'm aware of life insurance offered through the company for myself at very low premiums (and I guess google and the like are no premiums for whatever-x your salary). First time I've heard of a completely separate policy with the company as beneficiary. If the terms last even until you leave the company, it's a no brainer for the employer. Everyone dies.
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Re:An Employee Dies, and the Company Collects the Insurance by eli on Monday June 23, 2014 @06:33PM (#7935175)
Keep in mind the insurance companies have carefully calculated the premiums so that, on average, the company pays more in premiums than it gets in payouts. I think it's more about financial planning and tax avoidance.
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Re:An Employee Dies, and the Company Collects the Insurance by gdilla on Monday June 23, 2014 @08:11PM (#7935529)
That makes sense. Everyone's a winner then.
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