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  1. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Now after watching Michael Moore's Capitalism and doing more research on Dead Peasant's, it is a worry (and naturally on in the US) that companies take life policies on their employees which is a tax-free windfall if the employee passes away. Thank god for Australia taxing non-dependent beneficiaries otherwise we would follow in the US footsteps (with many other issues I'm sure)...

    This link shows which companies take life policies over employees lives to make even more profit, strangely GS is not there as pretty much every other investment bank is and Philip Morris (yes, the cigarette company) is not either.

    Which employers bought policies on the lives of employees? Dead Peasants Insurance FAQ