Taking Out Life Insurance Policies On...
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Since: Apr 07

Brentwood, TN

#21 Oct 9, 2009
TTTIN wrote:
<quoted text>
How so?
The insurance companies charge top dollar for their insurance and pay out the minimum. The difference is what they pocket.

Not only that but some employees are more valuable to the company than are others. That is why some people are paid more. A single insurance policy cannot possible cover everybody. You see it is the training costs that make something like this too expensive. You cover an employee for say $10,000.00 each and it cost the company from $25,000.00 to say $150,000.00 to train someone to replace them the company looses too much money.

So you see I have been answering your question all along.
TTTIN

East Lansing, MI

#22 Oct 9, 2009
Jim Hayden wrote:
<quoted text>
The insurance companies charge top dollar for their insurance and pay out the minimum. The difference is what they pocket.
Not only that but some employees are more valuable to the company than are others. That is why some people are paid more. A single insurance policy cannot possible cover everybody. You see it is the training costs that make something like this too expensive. You cover an employee for say $10,000.00 each and it cost the company from $25,000.00 to say $150,000.00 to train someone to replace them the company looses too much money.
But it wouldn't cover everybody. In fact it wouldn't cover any specific people. What I describe would only cover financial situations where the company is about to go out of business and too many people dying causing an increase in training expenses is only one of the many factors that would be covered. It would even cover this if it were multi-factoral(anything by itself would be fine but everything together adds up), and in any case it would only provide enough to save the business and that's it. Nothing extra, because nothing extra is necessary. Since it would only be to save the business, not make it comfortably as rich as it was before I don't see how this wouldn't be affoardable. This seems like a very modest insurance policy I'm proposing. Indeed it would bail out a small business that's in trouble more than a big business, since the big business likely still has a great deal of money and so won't need as much to save it from collapse. In the end it wouldn't even pay if the costs were simply inconvenient but had no effect of threatening the business' existence. Showing a threat to existence would be necessary to get any kind of payment.
So you see I have been answering your question all along.
Uh no. You're answering it now but nothing you said before this post and your last did anything to present or explain your belief that my proposal is too expensive.
conflictingGreed

Pottstown, PA

#23 Mar 20, 2013
The lastest case of secret employee life insurance is from JP Morgan.

http://wallstreetonparade.com/2013/03/the-oth...

It's a conflict of interest if nothing else. Theroetically the company has no incentive to keep the employee healthy and/or fund their health care.

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