ATTENTION: The Boards will be closed permanently on May 28th, 2014. Posting will be disabled on April 28th, 2014. More Info

"Dead Peasant Insurance"

OtakuJo

GROUP: Members

POSTS: 16362

Report this Sep. 23 2011, 6:17 am

http://deadpeasantinsurance.com/


Definition: Life Insurance taken out by companies against their employees (So the company --not the family-- gets a payoff if the employee dies.)


One thing I don't understand: Why in hell is this not absolutely blown open as a huge and I mean HUGE scandal against the companies? People who take out these policies must be the worst kind of immoral scum.


Have you ever danced with a Tribble in the pale moonlight?

DS9TREK

GROUP: Members

POSTS: 14326

Report this Sep. 23 2011, 6:28 am

Not seeing the problem. It's not preventing the individuals taking out private insurance that would pay out to their families, so I honestly can't see the harm.

wissa

GROUP: Members

POSTS: 4031

Report this Sep. 23 2011, 6:54 am

other than the name, its not really any different than an employee insuraning any other aspect of thier insurance for loss.


We welcome st.com refugees! click on the image

OtakuJo

GROUP: Members

POSTS: 16362

Report this Sep. 23 2011, 6:57 am

Creepy, utterly immoral, insulting and hurtful to the families of the people who have died. At the very least, they should be forced to seek the permission of people on whom they are taking policies! They don't even inform employees that they are doing this kind of thing. So of course there's harm.


Have you ever danced with a Tribble in the pale moonlight?

wissa

GROUP: Members

POSTS: 4031

Report this Sep. 23 2011, 7:05 am

it costs money to train employeed to take someone's place.  That is likely what it is intended to.  It's an unexpected business loss just like any other thing they would buy insurance on.  How is that immoral?


We welcome st.com refugees! click on the image

OtakuJo

GROUP: Members

POSTS: 16362

Report this Sep. 23 2011, 7:08 am

For starters because they don't ask permission or even informing people that this is happening. At the very least, law should demand informed consent on things like this. It's taking liberties with people's lives that they simply don't have a moral right to take. Sorry but how is it possible not to see harm in that?


The name was a label coined by the corporations by the way. Very telling about their attitudes isn't it?


Have you ever danced with a Tribble in the pale moonlight?

juliansgirl7

GROUP: Members

POSTS: 40548

Report this Sep. 23 2011, 7:24 am

Quote: OtakuJo @ Sep. 23 2011, 7:08 am

>The name was a label coined by the corporations by the way. Very telling about their attitudes isn't it?

>


 


Yeah, it sounds Medieval!


"Your quality will be known among your enemies before ever you meet them, my friend"-Alexander Siddig in Kingdom of Heaven

wissa

GROUP: Members

POSTS: 4031

Report this Sep. 23 2011, 7:25 am

like I said, I think the name is appalling but other than that don't see any harm at all. 


 


How is it taking liberties with people's lives?  it's not like they are letting them die to get the money


We welcome st.com refugees! click on the image

OtakuJo

GROUP: Members

POSTS: 16362

Report this Sep. 23 2011, 7:41 am

Quote: wissa @ Sep. 23 2011, 7:25 am

>

>like I said, I think the name is appalling but other than that don't see any harm at all. 

>How is it taking liberties with people's lives?  it's not like they are letting them die to get the money

>


Well they are wishing them dead.


http://abcnews.go.com/GMA/dead-peasant-life-insurance-policies-fair/story?id=8724327


Or at the very least, counting on X number of deaths each year (And complaining of financial loss in some cases when thoes do not occur.)


If it was as innocuous as you claim, they would be more open about it. I mean just the fact that it's secret, alone, is just despicable. It's like, if you want to use someone's DNA, tissues, blood samples etc these days -- nominally at least -- you have to obtain informed consent.


Even if there was nothing else wrong with this -- and there are so many things it makes my skin crawl; I doubt I could find words to express 100% of how wrong this is -- just the absence of employee consent (and knowledge) alone ought to be enough to disallow such a reprehensible practice, UTTERLY.


Have you ever danced with a Tribble in the pale moonlight?

OtakuJo

GROUP: Members

POSTS: 16362

Report this Sep. 23 2011, 7:53 am

Edit function not working -- will have to double post.


If I ever found out that someone had done this to me -- I wouldn't allow it. I know for a fact that my employer doesn't have any rights over me beyond those which I would let him / them have. But without employees' consent? How is that acceptable?


Have you ever danced with a Tribble in the pale moonlight?

wissa

GROUP: Members

POSTS: 4031

Report this Sep. 23 2011, 8:23 am

If you insured your husband does that mean you want him to die?  If you insure your car does that mean you want to be in an accident? 


 


sorry I'm just not understanding the outrage.  Employees are an asset.  I would think an employee would want to be considered valuable enough that thier loss would hurt the company.  And any company that has extended health benifits probably has a policy that pays out to the victims family in case of death.


We welcome st.com refugees! click on the image

OtakuJo

GROUP: Members

POSTS: 16362

Report this Sep. 23 2011, 8:29 am

No but you surely don't have a right to insure someone else's car under your own name!


At the very least, the law should be demanding full informed consent on this kind of thing. WITH the option for the person to refuse that consent. I mean you can give us that point yeah? This should not be happening behind people's backs.


This is what my employer has a right to from me: As many hours out of my week as is in my contract, and he pays me for. He is entitled to no more than that. And nobody -- nobody -- has the right to take out life insurance on me without my consent. Seriously.


Have you ever danced with a Tribble in the pale moonlight?

SLagonia

GROUP: Members

POSTS: 18170

Report this Sep. 23 2011, 8:38 am

Why is this a problem, exactly?  If you were to die, your company would lose a valuable worker, and would be forced to pay for hiring and trainning your replacement, as well as the overtime hours that other employees must pick up to fill your hole.  Some companies work on very small margins and the death of an employee would be hard for them.


Who exactly does this hurt?  It's not like they're stealing the life insurance policy of a dead employee, they're just getting a cut to compensate their loss.  I don't really see the difference between this and a standard life insurance policy.  If your spouse can be compensated for your loss, why not your company?


"If it doesn't work, paint it." -Unofficial Motto of the Starfleet Border Patrol -------- "Speak for the unheard, secure the vulnerable, bring light to the dark, fight for those who cannot" -Real motto of The Starfleet Border Patrol

SLagonia

GROUP: Members

POSTS: 18170

Report this Sep. 23 2011, 8:39 am

Quote: OtakuJo @ Sep. 23 2011, 8:29 am

>

>No but you surely don't have a right to insure someone else's car under your own name!

>At the very least, the law should be demanding full informed consent on this kind of thing. WITH the option for the person to refuse that consent. I mean you can give us that point yeah? This should not be happening behind people's backs.

>This is what my employer has a right to from me: As many hours out of my week as is in my contract, and he pays me for. He is entitled to no more than that. And nobody -- nobody -- has the right to take out life insurance on me without my consent. Seriously.

>


I would assume you'd have to sign a form consenting to it.


"If it doesn't work, paint it." -Unofficial Motto of the Starfleet Border Patrol -------- "Speak for the unheard, secure the vulnerable, bring light to the dark, fight for those who cannot" -Real motto of The Starfleet Border Patrol

wissa

GROUP: Members

POSTS: 4031

Report this Sep. 23 2011, 8:44 am

Quote: OtakuJo @ Sep. 23 2011, 8:29 am

>

>This is what my employer has a right to from me: As many hours out of my week as is in my contract, and he pays me for. He is entitled to no more than that. And nobody -- nobody -- has the right to take out life insurance on me without my consent. Seriously.

>


that's just it isn't it?  he's not taking anything from you at all.


We welcome st.com refugees! click on the image

Recently logged in

Users browsing this forum: miklamar

Forum Permissions

You cannot post new topics in this forum

You cannot reply to topics in this forum

You cannot delete posts in this forum