Betting on Death

Imagine dying, and your employer receives a million-dollar check, while your family gets nothing. For decades, major corporations like Walmart and Winn-Dixie took out life insurance policies on their low-level employees-janitors, cashiers, and clerks-without their knowledge. They called it "e;Corporate-Owned Life Insurance"e; (COLI). The industry called it "e;Dead Peasant Insurance."e;This explosi...