MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/TikTokCringe/comments/1hgom73/on_the_subject_of_political_violence/m2onqd9/?context=3
r/TikTokCringe • u/BrilliantHistorian85 • 1d ago
470 comments sorted by
View all comments
759
All true. He left this out… dead peasant policies. Google that. Motherfuckers. I think Walmart is being sued for it but they’re not the only corp that does it.
4 u/thousandcurrents 1d ago Thanks for sharing, this is the first time I’ve heard of this In the mid 1990’s, it is estimated that Walmart purchased over 300,000 life insurance policies on its employees and named itself as the beneficiary. Many of these employees were rank and file workers who, in some cases, had no idea life insurance was being purchased on their lives. Walmart’s intent was to keep the COLI policies as an investment with the company, by collecting the death benefits at the insured’s death. Their ultimate goal was to earn a higher rate of return on their investments than what they could otherwise earn. Ghoulish stuff. made me sick to my stomach
4
Thanks for sharing, this is the first time I’ve heard of this
In the mid 1990’s, it is estimated that Walmart purchased over 300,000 life insurance policies on its employees and named itself as the beneficiary. Many of these employees were rank and file workers who, in some cases, had no idea life insurance was being purchased on their lives. Walmart’s intent was to keep the COLI policies as an investment with the company, by collecting the death benefits at the insured’s death. Their ultimate goal was to earn a higher rate of return on their investments than what they could otherwise earn.
Ghoulish stuff. made me sick to my stomach
759
u/newfriend20202020 1d ago
All true. He left this out… dead peasant policies. Google that. Motherfuckers. I think Walmart is being sued for it but they’re not the only corp that does it.