[Mamzelle]

Why should the heirs get the payoff? They didn't pay the premiums. I don't see the scam, here, just lawyers looking for some money. Good thing they don't insure lawyers, we'd have too many reasons to kill them with the reasons we already have!!

Actually, the loss of any employee causes some expense. What I don't quite get is why WM would want to pay these premiums.

[wardaddy]

I'm guessing these are some sort of equity producing policies perhaps and they can write off the premiums as an expense, borrow against the equity in the policies as owners of said policies, and then reap the windfall upon death of the insured.

It may seem morbid and it might look a bit bad if insured parties start dropping like flies but it looks to me like an economy of scale investment/tax deduction plan and not anything sinister.

I don't know about Wal-Mart enough to comment but I do know enough about trial lawyers to know whose side I generally am not on.

Why is this different than corporations paying huge KeyMan policy premiums of which the Company is the owner and beneficiary?