Does wall-mart buy life insurance policies on its employees? -

does wallmart realy have a life insurance policy on its employees Probably. Group life insurance is super cheap. Of course, if the employer is paying the premiums, the benefits are usually one year's earnings. Not much. Life insurance is the CHEAPEST benefit to buy, for an employee. Once the employee leaves, the insurance is usually terminated. The employee gets to specify the beneficiary. Where did you get this information? The short answer is YES. It's customary for many companies to take out life insurance on key employees. such as officers of the company and maybe upper management. But when they were outed a few years ago for taking out policies on someone who was a stock person with IE: a heart condition, they had a great chance of "cashing in" on someones misfortune. Tax free... Technically it is legal, but most consider it immoral, and they don't have to let any family members know about it. They say that they have stopped this practice, but I don't believe it. And I'm sure many other companies do the same thing. How do they know people have health conditions, even with HIPPAA? Easy... Most large companies are self insured on heath insurance. It saves the money in the long run with so many employees. Just like insurance companies spread the risk. So it's pretty easy to find that info out. Legal or not. No, perhaps on executives, but no one else. Myth Busted.