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Re:An Employee Dies, and the Company Collects the Insurance by opendais on Monday June 23, 2014 @05:53PM (#7934954)
Actually, no. They have different insurance to cover that. That would be General Liability, Worker Comp, etc.

Even if it works the way you suggest, it is just a wealth transfer from the Federal Government to Life Insurance. That is almost as bad since it means its ultimately a transfer of tax burden from Capital to Labor.

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