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Ria
26th October 2014, 05:07
What Is Dead Peasants Life Insurance Policy?

Dead Peasant insurance policy comes in several terminologies. In the corporate world it is referred to as Corporate-owned Life Insurance (COLI). In the banking sector it goes with the name Bank-owned Life Insurance (BOLI). At times, pejorative names such as “Janitor’s Insurance” are also used. Basically, it is a life insurance policy taken out on the employees of the company. In case they die, however, the beneficiary is not the employee’s family but rather the employer.

http://www.deadpeasantinsurance.com/which-employers-bought-policies-on-the-lives-of-employees/
For full in formation click here

norman
26th October 2014, 05:24
Never, ever, ever, let another person other than yourself take out insurance on your life.

Dead rock stars were insured by others against 'others' losses.

As soon as a situation looks like a loss, you are suddenly worth far more to them dead than alive.

Ria
26th October 2014, 05:41
My impression is, that they do this with out real consent.
The list of the compernies that do this is masive.
The kicker for me is the name,
"Dead Peasants Life Insurance "
It couldn't be more blatant.

Sooz
26th October 2014, 07:29
Explains the recent flurry of banker deaths.

norman
26th October 2014, 14:58
Explains the recent flurry of banker deaths.


Suicide normally invalidates life insurance. The closest a death can get to suicide and still qualify is "Death by Misadventure".

Chickadee
27th October 2014, 01:30
Did you know that there are some banks that will actually buy life insurance policies from people. There are some loop holes, although I use the word "buy" I should say will pay out the full amount in a loan to them. By doing this one can actually enjoy their life insurance pay out while alive and the policy will be paid in full to the bank after death.

http://www.nerdwallet.com/blog/investing/2013/bank-life-insurance-liquidity-retirement/

http://www.dailyfinance.com/2014/03/05/whole-life-insurance-why-to-buy-policy/


I'm not by any means trying to peddle insurance ! Lol :)

:holysheep:

Back to topic

KosmicKat
27th October 2014, 12:08
Suicide normally invalidates life insurance. The closest a death can get to suicide and still qualify is "Death by Misadventure".

It's essentially a game of risk: if an insurer considers the likelihood of something insured against as being greater than the likelihood of its not happening, they decline to insure. And policies can be written (or brokered) bespoke if you talk to the right people.

Purely as a blue-sky idea, consider sending a negotiator with strong NLP skills to negotiate insurance contracts for a group of "peasants" employed with their company to ensure that in the "extremely unlikely" event of their deaths by their own hands, individually, or as a group, the insuring company will be compensated for their loss.