Personal Injury Law

Companies in Hot Water Over Insurance Policies

By Edward Bills

So-called dead peasant insurance policies are landing an increasing number of employers in legal hot water, according a report in the National Law Journal. Critics of the secret insurance policies, often called corporate-owned life insurance policies or bank-owned life insurance, charge that they are commonly used to help companies benefit from the deaths of low-level employees. However, banks, insurers and other groups maintain that such policies are not only legal, but serve a legitimate business purpose.

Full post as published by Bodily Injury Blog on February 02, 2009 (boomark / email).