Dead peasants insurance....

**R13** · March 25th, 2010, 08:40 PM

Originally Posted by 1inStripes

Sounds like smart business to me, and if the worker had worked for a company at any point in time, they have a vested interest in that person. Life insurance policies are not something you pay and then decide to cancel without you being a completel moron. If you want to complain, complain about the insurance companies who accept and setup this type of plan.

I never said it was dumb, it's very smart, doesn't mean it's right or legal. They have no interest in someone that no longer works for them. These companies are the #1 to blame IMO, the insurance companies have to have a market to sell to, there's legit COLI's I have no problem with, these aren't it and even the IRS has a hard time differentiating which one is which.

**1inStripes** · March 26th, 2010, 12:26 PM

Originally Posted by R13

I never said it was dumb, it's very smart, doesn't mean it's right or legal. They have no interest in someone that no longer works for them. These companies are the #1 to blame IMO, the insurance companies have to have a market to sell to, there's legit COLI's I have no problem with, these aren't it and even the IRS has a hard time differentiating which one is which.

Those companies are providing the insurance companies with a market to sell to. Anyone can refuse business to anyone else if they so choose. That why I say if you want to blame someone, blame the insurance companies, not the business.