Capitalism _A Love Story- Starz TV I hate the title of this video/movie and just finished watching it on television this morning.

This show is so jam packed full of just how bad the control freaks are and just how greedy they are it literally sickens me. You know I wonder how much information do you have to learn and  have to find out before your classified or no longer labeled as a sleeping sheep. I guess when you have been sheered naked and exposed then you can say I am no longer a part of the majority because now I know everything, but the fact is every-time you turn around you here about something else the NWO is in control of. Damnnnnnnnnnn. What blows your friggin gaskets? This is a small excerpt from the show.

BECAUSE YOU ARE WORTH MORE DEAD, THEN ALIVE!!!
So that makes if OK? F%#k That Bull Crap!

Corporations are lining their pockets off the life insurance they take out on employees who die.

Q.-HOW CAN A COMPANY DO THIS TO PEOPLE AND PEOPLE NOT KNOW IT. WHAT THE HELL IS THEIR PITCH? WHAT ARE THE LAWS REGARDING THIS KIND OF EVIL MINDED MANIPULATION? ASK YOURSELF-AM I ON THE LIST WHERE I WORK? If you are on the list How do you get off of it?

The Law on Company Owned Life Insurance

There are some laws to prevent these types of insurance policies, but unfortunately the law is easy to circumvent.

    Most states also have advise and consent laws that technically require companies to get workers permission before buying life insurance on them. But attorney Myers said many businesses circumvent these laws by purchasing the insurance in one of the states that doesnt require notice or consent, including Delaware, Georgia, New Jersey, North Carolina, Pennsylvania and Vermont.

    Executives fly to Atlanta to meet with the insurance company and its brokers, sign some papers, get on their respective corporate jets and fly home, Myers said. Other companies offered their workers small policies — typically $5,000 to $10,000 — as an incentive to allow larger corporate-owned policies to be issued on the workers lives. The small policies can later be canceled, even if the company keeps up the premiums on the other insurance.

Life insurance polocies taken out by and payable to companies  on their employees, directors, officers, owners, and debtors are commonly known as corporate-owned life insurance (COLI) policies. Company Owned Life Insurance
Such policies are seperate and distinct from typical group life insurance policies offered to many  employees as an employment benefit. In general, ONLY THE COMPANY, NOT THE EMPLOYEES OR THEIR FAMILIES HAVE NO KNOWLEDGE OF ANY POLICY BEING TAKEN OUT! Concerns about people "gambling" on the deaths of strangers has led to "INSURABLE INTEREST" laws in most states that require some possibility of financial loss as the result of an insured's death as a prerequisite for the purchase of life insurance. Although employment has generally been accepted to fulfill the need for an insurable interest, many have expressed concern about the employers holding policies on lower-paid employees and continuing to hole policies after a worker has left employment.

   EMPLOYEE NOTICE AND CONSENT WAS AGREED TO IN THE SENATE FINACE COMMITTEE IN 2004- AND ULTIMATELY INCORPORATED INTO P.L. 109-280. WHICH WAS PASSED BY THE 109TH CONGRESS IN 2006

How does a person know if he or she is covered by a policy?

It is often difficult for a person to learn whether he or she was covered by a “Dead Peasant” policy. These insurance programs became popular during the mid-1980s and have been an available investment opportunity for large companies since that time. Prior to 2006, however, there was no federal law that required employers to disclose the policies to insured employees. Any disclosure requirements that existed before 2006 were only through state laws, which were ignored in many instances. So, the only way a person could learn about the policies was through the employer’s voluntary disclosure.
http://deadpeasantinsurance.com/

Some of the companies who engage in this practice are:  Wells Fargo, Bank of America, JP Morgan Chase, Dow Chemical, Procter & Gamble, Wal-Mart, Walt Disney and Winn-Dixie.  They carry policies that amount in the BILLIONS.  “The Wall Street Journal reports that Bank of America and Wells Fargo both have $17 billion each in these life insurance policies. Chase has $11 billion.

To add insult to injury, the policies are nicknamed dead janitors or dead peasants insurance AND the insurance is used as a tax dodge….not to mention the benefits are used to pay bonuses to key executives.

Banks are using a little-known tactic to help pay bonuses, deferred pay and pensions they owe executives: They're holding life-insurance policies on hundreds of thousands of their workers, with themselves as the beneficiaries.

Banks took out much of this life insurance during the mortgage bubble, when executives' pay -- and the IOUs for their deferred compensation -- surged, and banking regulators affirmed the use of life insurance as a way to finance executive pay and benefits.

This practice of taking out insurance policies on employees for profit is vile, immoral, insulting and an outrage.

It wasn’t enough that they outsourced our jobs to India, or enough when they cried poor and downsized us out of jobs while paying their CEO’s 500 times what the average worker makes, oh, no…..not content with that they turned into ghoulish vultures preying on our deaths.

The saddest part of the story is the likely response to this story.  No workers strikes for us….that’s too French.  No, as usual, we will sit back and take it and bemoan our lot in life while bailing out our masters as they continue to view us as peasants.

Which employers bought policies on the lives of employees? DO YOU WORK FOR THESE COMPANIES?

Because a company’s purchase of insurance policies is not a public record, it is virtually impossible to know every company that invested in policies on employees’ lives. The following companies, however, are believed to have been named as the beneficiary of life insurance policies on employees:

    ADAC Laboratories
    Advanced Telecommunication Corp.
    Aeroquip Vickers Inc.
    Alabama Power Co.
    Alfa Corp.
    Allegheny Technologies Inc.
    Allergan Inc.
    Allfirst Financial Inc.
    American Business Products, Inc.
    American Electric Power
    American Express Co.
    American Greetings Corp.
    American Management Systems Inc.
    American Seafoods Group LLC
    Ameritech Corp.
    Amerus Group Co.
    Anadarko Petroleum Corporation
    Appalachian Power Co.
    Arch Chemical
    Aristech Chemical Corp.
    AT&T Communications
    Atlantic Richfield Co.
    Avery Dennison Corp
    Avon Products Inc.
    B. F. Goodrich Company
    Ball Corporation
    Bank Boston
    Bank Of America
    Bank One Corp.
    Barnett Banks Inc.
    Bassett Furniture Industries Inc.
    Be Aerospace Inc.
    Bear Stearns Companies
    Bellsouth Corporation
    Boise Cascade Corp.
    Boston Company
    Boston Federal
    Bristol-Myers Squibb Company
    Camelot Music, Inc.
    Carolina Power & Light Co.
    Carpenter Technology Corp.
    Catskill Financial Corp.
    Central Power & Light Co.
    Ch2m Hill Companies Ltd.
    Charming Shoppes, Inc.
    Checkfree Corp.
    Chemical Banking Corporation
    Citibank, N.A.
    Citizens Bank
    Clark Inc.
    Clorox Company
    CNF Inc.
    Coca-Cola Company
    Columbus Southern Power Co.
    Commercial Intertech Corp.
    Compass Bank (Florida & Alabama)
    Computer Technology Associates Inc.
    Consolidated Natural Gas Co.
    Consolidated Rail Corporation
    Cox Enterprises, Inc.
    CTA Inc.
    Cymer Inc.
    Diamond Shamrock Inc.
    Diebold Inc.
    Dime Bancorp Inc.
    Dow Chemical
    Earle M. Jorgensen Co.
    Eastman Kodak Company
    Eaton Corp.
    ECC Capital Corp.
    Enserch Corp.
    F&M Bancorp
    FiberMark Inc.
    Figgie International Inc.
    Fina Oil & Chemical Company
    First Bank System Inc.
    First Commonwealth
    First Midwest Bancorp Inc.
    Fleet Bank
    FleetBoston Financial Corp.
    Flightsafety International Inc.
    Frontier Bank
    Fulton Financial Corp.
    GATX Corporation
    Georgia Power Co.
    GNC Corp.
    Great Plains Energy Inc.
    GTE Corporation
    Gulf Power Co.
    HCR Manor Care Inc
    Hechinger Company
    Heritage Commerce Corp.
    Herman Miller Inc.
    Hershey Foods Corporation
    Hillenbrand Industries, Inc.
    Hosiery Corporation of America
    Houghton Mifflin
    Household Finance
    Hovnanian Enterprises Inc.
    Hughes Supply Inc
    ICI Americas, Inc.
    Idaho Power Company
    IKON Office Solutions Inc.
    Indiana Michigan Power Co.
    Integra Bank Corp.
    Intermark Inc.
    Iowa First Bancshares Corp.
    Iroquois Bancorp Inc.
    J Jill Group Inc.
    JP Morgan Chase & Co.
    Kansas City Power & Light
    Kansas Gas & Electric Co.
    Keithley Instruments Inc.
    Kentucky Power Co.
    Keycorp Ohio
    Kimberly Clark
    Korn Ferry International
    Laser Master Int’l. Inc.
    Linens N Things Inc.
    LKQ Corp.
    Louisiana Pacific Corp.
    Manor Care Inc.
    Marriott International Inc.
    McDonnell Douglas Corp.
    Media General Inc.
    Medicalcontrol Inc.
    Menasha Corporation
    MidAmerican Energy Co.
    Miix Group Inc.
    Mississippi Power Co.
    MNC Financial Inc.
    Mueller Industries Inc.
    National City Corporation
    NationsBank
    Nestle Enterprises
    Norfolk Southern Corp.
    Norfolk Southern Railway Co.
    Northern States Power Co.
    Ohio Power Co.
    Old National
    Olin Corporation
    Owens & Minor Inc.
    PacifiCorp
    Panera Bread Co.
    Panhandle Eastern Pipe Line Company
    Parker Hannifin Corp.
    Penn Treaty American Corp.
    Penns Woods Bancorp Inc.
    Phibro Animal Health Corp.
    Philipp Brothers Chemicals Inc.
    Phoenix Companies Inc.
    Pinnacle Financial Services Inc.
    Portland General Electric
    Potlatch Corporation
    PPG Industries
    Procter & Gamble Company
    PSS World Medical Inc.
    Public Service Co. of New Mexico
    Public Service Co. of Oklahoma
    Public Service Enterprise Group
    Questech Inc.
    R. R. Donnelley & Sons Company
    Ruddick Corp.
    Ryder System Inc.
    Sallie Mae (Stud Ln Mktg Assoc.)
    Savannah Electric & Power Co.
    Sequa Corp.
    Service Merchandise Co., Inc.
    Shearson Mortgage
    Sherwin-Williams
    Sky Chefs
    Smart & Final Inc.
    Smith Barney
    Sonoco Products Co.
    Southwest Bank
    Southwest Water Co.
    Southwestern Bell Corp.
    Southwestern Electric Power Co.
    Southwestern Public Service Co.
    Star Banc Corp.
    Stauffer Management Company
    Steelcase Inc.
    Sturgis Bancorp Inc.
    Summit Bank of N.J.
    Swank, Inc.
    Tellabs Inc.
    Tenet Healthcare Corp.
    Texas Eastern Transmission Corp.
    Tompkins Trustco Inc.
    TXU Corp.
    TYCO International
    UniFirst Corp.
    Union Bank
    United National Bancorp
    Urocor Inc.
    Vineyard National Bancorp
    W. R. Grace & Company
    Wachovia Corporation
    Walgreen Company
    Wal-Mart Stores
    Walt Disney
    Wang’s International, Inc.
    Wells Fargo, N.A.
    West Coast Bancorp
    West Texas Utilities Co.
    Westar Energy Inc.
    Western Aire Chef Inc
    Western Resources, Inc.
    Westpoint Pepperell
    Winn Dixie
    Winnebago Industries Inc.
    Woolworth Corporation
    Xcel Energy Inc.
    York Water Co.
    Zale Corp.

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